Last 7 days
-1.5%
Last 30 days
-6.9%
Last 90 days
-1.9%
Trailing 12 Months
3.3%
Name | Mkt Capsorted ascending | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
---|---|---|---|---|---|---|---|---|
LARGE-CAP | ||||||||
PSA | 51.7B | 4.2B | -4.61% | -14.88% | 11.88 | 12.36 | 22.43% | 122.66% |
DLR | 30.0B | 4.7B | -6.82% | -21.36% | 79.47 | 6.4 | 5.96% | -77.90% |
INVH | 19.0B | 2.2B | -4.87% | -18.85% | 49.6 | 8.5 | 12.10% | 46.63% |
WPC | 16.6B | 1.5B | -6.93% | 3.27% | 27.63 | 11.19 | 11.08% | 46.14% |
MID-CAP | ||||||||
TRNO | 4.7B | 276.2M | -2.61% | -10.96% | 23.61 | 16.92 | 24.46% | 126.94% |
OUT | 2.5B | 1.8B | -20.07% | -42.14% | 17.13 | 1.43 | 21.05% | 315.45% |
IIPR | 2.3B | 276.4M | -7.84% | -53.31% | 14.85 | 8.29 | 35.11% | 35.44% |
SMALL-CAP | ||||||||
GTY | 1.7B | 165.6M | 2.05% | 31.96% | 18.34 | 9.97 | 6.55% | 43.24% |
UE | 1.6B | 397.9M | -11.15% | -22.59% | 35.08 | 4.07 | -6.39% | -55.04% |
ALEX | 1.3B | 354.3M | -7.19% | -20.96% | -25.65 | 3.66 | 3.54% | -242.94% |
HPP | 980.3M | 1.0B | -29.76% | -71.46% | -59.35 | 0.96 | 14.43% | -156.93% |
AHH | 805.0M | 454.2M | -5.38% | -15.87% | 10.77 | 1.77 | 59.87% | 241.44% |
OPI | 609.0M | 554.3M | -20.57% | -40.70% | -99.69 | 1.1 | -3.85% | 25.32% |
SRG | 506.0M | 107.1M | -24.08% | -18.30% | -6.84 | 4.73 | -8.25% | -162.69% |
Income Statement (Last 12 Months) | (In Millions) | |||||
---|---|---|---|---|---|---|
Description | (%) Q/Q | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 |
Revenue | 1.9% | 1,479 | 1,451 | 1,393 | 1,369 | 1,332 |
S&GA Expenses | 3.7% | 89.00 | 86.00 | 83.00 | 83.00 | 82.00 |
Costs and Expenses | 4.1% | 867 | 833 | 774 | 758 | 727 |
EBITDA | 11.3% | 1,349 | 1,212 | 1,220 | 1,218 | - |
EBITDA Margin | 9.2% | 0.91* | 0.84* | 0.88* | 0.89* | - |
Earnings Before Taxes | 21.5% | 626 | 515 | 550 | 545 | 439 |
EBT Margin | 19.3% | 0.42* | 0.36* | 0.39* | 0.40* | - |
Interest Expenses | 10.3% | 219 | 199 | 188 | 191 | 197 |
Net Income | 22.5% | 599 | 489 | 523 | 515 | 410 |
Net Income Margin | 20.2% | 0.41* | 0.34* | 0.38* | 0.38* | - |
Free Cahsflow | 0.0% | 1,004 | 1,004 | 975 | 974 | - |
Balance Sheet | (In Millions) | |||||
---|---|---|---|---|---|---|
Description | (%) Q/Q | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 |
Assets | 1.8% | 18,102 | 17,775 | 15,454 | 15,570 | 15,481 |
Cash Equivalents | -9.9% | 168 | 186 | 104 | 205 | 165 |
Goodwill | 1.4% | 1,037 | 1,023 | 891 | 900 | 902 |
Liabilities | 1.5% | 9,093 | 8,961 | 7,813 | 7,875 | 7,897 |
Long Term Debt | 1.2% | 7,878 | 7,783 | 6,766 | 6,778 | 6,792 |
Shareholder's Equity | 2.2% | 8,994 | 8,799 | 7,641 | 7,695 | 7,582 |
Additional Paid-In Capital | 1.7% | 11,707 | 11,510 | 10,202 | 10,152 | 9,978 |
Shares Outstanding | 1.2% | 211 | 208 | 193 | 192 | 190 |
Minority Interest | 2.1% | 15.00 | 15.00 | 2.00 | 2.00 | 2.00 |
Cashflow (Last 12 Months) | (In Millions) | |||||
---|---|---|---|---|---|---|
Description | (%) Q/Q | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 |
Cashflow From Operations | 0.0% | 1,004 | 1,004 | 975 | 974 | 926 |
Share Based Compensation | 12.4% | 33.00 | 29.00 | 28.00 | 27.00 | 25.00 |
Cashflow From Investing | 31.3% | -1,052 | -1,532 | -1,241 | -1,719 | -1,566 |
Cashflow From Financing | -90.6% | 58.00 | 615 | 265 | 726 | 557 |
Dividend Payments | 3.1% | 835 | 810 | 799 | 782 | 764 |
30.8%
19.6%
19.2%
Y-axis is the maximum loss one would have experienced if WP Carey was unfortunately bought at previous high price.
7.4%
10.0%
10.8%
7.9%
FIve years rolling returns for WP Carey.
Datesorted ascending | Fund Name | Type | % Chg | $ Change | $ Held | % Portfolio |
---|---|---|---|---|---|---|
2023-03-15 | B. Riley Wealth Advisors, Inc. | added | 2.1 | 413,736 | 3,036,740 | 0.09% |
2023-03-10 | VICTORY CAPITAL MANAGEMENT INC | added | 27.33 | 2,677,340 | 8,968,340 | 0.01% |
2023-03-08 | SHEETS SMITH WEALTH MANAGEMENT | reduced | -4.08 | 430,455 | 6,256,460 | 0.98% |
2023-03-08 | Capital Asset Advisory Services LLC | reduced | -33.14 | -74,030 | 291,970 | 0.02% |
2023-03-06 | Rockefeller Capital Management L.P. | added | 14.02 | 236,000 | 1,090,000 | -% |
2023-03-03 | Crumly & Associates Inc. | sold off | -100 | -215,000 | - | -% |
2023-03-02 | LORING WOLCOTT & COOLIDGE FIDUCIARY ADVISORS LLP/MA | new | - | 808,853 | 808,853 | 0.01% |
2023-03-01 | BENNICAS & ASSOCIATES, INC. | unchanged | - | 160,089 | 1,500,090 | 0.87% |
2023-02-28 | Voya Investment Management LLC | reduced | -80.6 | -7,840,850 | 2,175,150 | -% |
2023-02-24 | NATIXIS | sold off | -100 | -18,083,000 | - | -% |
Date Filed | Name of Filer | Percent of Class | No. of Shares | Form Type | |
---|---|---|---|---|---|
Feb 09, 2023 | vanguard group inc | 14.09% | 29,309,215 | SC 13G/A | |
Jan 31, 2023 | blackrock inc. | 7.2% | 15,004,666 | SC 13G/A | |
Feb 01, 2022 | blackrock inc. | 7.6% | 14,112,099 | SC 13G/A | |
Feb 10, 2021 | vanguard group inc | 13.82% | 24,234,545 | SC 13G/A | |
Feb 01, 2021 | blackrock inc. | 7.8% | 13,717,916 | SC 13G/A | |
Feb 11, 2020 | vanguard group inc | 14.86% | 25,600,966 | SC 13G/A | |
Feb 06, 2020 | blackrock inc. | 8.8% | 15,108,162 | SC 13G/A |
Fair Value | Very Pessimistic | Pessimistic | Base Case | Optimistic | Very Optimistic |
---|---|---|---|---|---|
Very Low Inflation | 48.84 -37.86% | 58.98 -24.96% | 76.65 -2.48% | 97.39 23.91% | 115.47 46.91% |
Current Inflation | 45.27 -42.40% | 53.82 -31.53% | 68.49 -12.86% | 85.68 9.01% | 100.63 28.03% |
Very High Inflation | 40.90 -47.96% | 47.63 -39.40% | 58.94 -25.01% | 72.20 -8.14% | 83.71 6.50% |
Date Filed | Form Type | Document | |
---|---|---|---|
Feb 17, 2023 | 4 | Insider Trading | |
Feb 17, 2023 | 4 | Insider Trading | |
Feb 17, 2023 | 4 | Insider Trading | |
Feb 17, 2023 | 4 | Insider Trading | |
Feb 17, 2023 | 4 | Insider Trading | |
Feb 10, 2023 | 8-K | Current Report | |
Feb 10, 2023 | 10-K | Annual Report | |
Feb 09, 2023 | 4 | Insider Trading | |
Feb 09, 2023 | 4 | Insider Trading | |
Feb 09, 2023 | 4 | Insider Trading |
Datesorted ascending | Name | Buy/Sell | $ Value | Avg. Price | # Shares | Title |
---|---|---|---|---|---|---|
2023-02-17 | Zander Brian H | sold | -16,812 | 84.1376 | -199 | chief accounting officer |
2023-02-15 | Fox Jason E. | acquired | - | - | 156,728 | ceo |
2023-02-15 | PARK JOHN J | sold (taxes) | - | - | -12.00 | president |
2023-02-15 | Zander Brian H | sold (taxes) | -27,012 | 83.63 | -323 | chief accounting officer |
2023-02-15 | Gordon Brooks G. | sold (taxes) | -261,344 | 83.63 | -3,125 | managing director |
2023-02-15 | Sanzone ToniAnn | sold (taxes) | -415,641 | 83.63 | -4,970 | cfo |
2023-02-15 | Fox Jason E. | sold (taxes) | -1,170 | 0.0142778 | -82,003 | ceo |
2023-02-07 | Sanzone ToniAnn | sold (taxes) | -8.28 | 0.001 | -8,280 | cfo |
2023-02-07 | Gordon Brooks G. | acquired | - | - | 11,029 | managing director |
2023-02-07 | Sabatini Gino M. | acquired | - | - | 17,333 | managing director |
CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
---|---|---|---|---|
Sep. 30, 2022 | Sep. 30, 2021 | Sep. 30, 2022 | Sep. 30, 2021 | |
Investment Management: | ||||
Revenues | $ 383,622 | $ 325,754 | $ 1,076,457 | $ 956,644 |
Operating Expenses | ||||
Depreciation and amortization | 132,181 | 115,657 | 362,654 | 340,327 |
Impairment charges — Investment Management goodwill | 29,334 | 0 | 29,334 | 0 |
General and administrative | 22,299 | 19,750 | 66,224 | 62,297 |
Reimbursable tenant costs | 18,874 | 15,092 | 52,538 | 45,942 |
Merger and other expenses | 17,667 | (908) | 17,329 | (3,983) |
Property expenses, excluding reimbursable tenant costs | 11,244 | 13,734 | 36,874 | 36,432 |
Operating property expenses | 9,357 | 3,001 | 15,335 | 6,961 |
Stock-based compensation expense | 5,511 | 4,361 | 23,102 | 18,790 |
Reimbursable costs from affiliates | 344 | 1,041 | 2,414 | 3,050 |
Impairment charges — real estate | 0 | 16,301 | 26,385 | 16,301 |
Total operating expenses | 246,811 | 188,029 | 632,189 | 526,117 |
Other Income and Expenses | ||||
Interest expense | (59,022) | (48,731) | (151,492) | (149,623) |
Gain on change in control of interests | 33,931 | 0 | 33,931 | 0 |
Other gains and (losses) | (15,020) | 49,219 | (1,021) | 15,576 |
Earnings (losses) from equity method investments | 11,304 | 5,735 | 23,477 | (4,154) |
Non-operating income | 9,263 | 1,283 | 23,783 | 10,704 |
(Loss) gain on sale of real estate, net | (4,736) | 1,702 | 37,631 | 30,914 |
Total other income and expenses | (24,280) | 9,208 | (33,691) | (96,583) |
Income before income taxes | 112,531 | 146,933 | 410,577 | 333,944 |
Provision for income taxes | (8,263) | (8,347) | (21,598) | (23,434) |
Net Income | 104,268 | 138,586 | 388,979 | 310,510 |
Net loss (income) attributable to noncontrolling interests | 660 | (39) | 622 | (84) |
Net Income Attributable to W. P. Carey | $ 104,928 | $ 138,547 | $ 389,601 | $ 310,426 |
Basic earnings per share (usd per share) | $ 0.52 | $ 0.75 | $ 1.98 | $ 1.72 |
Diluted earnings per share (usd per share) | $ 0.51 | $ 0.74 | $ 1.98 | $ 1.71 |
Weighted-Average Shares Outstanding | ||||
Basic (in shares) | 203,093,553 | 185,422,639 | 196,382,433 | 180,753,115 |
Diluted (in shares) | 204,098,116 | 186,012,478 | 197,264,509 | 181,323,128 |
Real Estate | ||||
Real Estate: | ||||
Lease revenues | $ 331,902 | $ 298,616 | $ 953,981 | $ 872,345 |
Income from direct financing leases and loans receivable | 20,637 | 16,754 | 56,794 | 51,917 |
Operating property revenues | 21,350 | 4,050 | 30,279 | 9,474 |
Lease termination income and other | 8,192 | 1,421 | 24,905 | 8,066 |
Investment Management: | ||||
Operating property revenues | 21,350 | 4,050 | 30,279 | 9,474 |
Revenues | 382,081 | 320,841 | 1,065,959 | 941,802 |
Operating Expenses | ||||
Depreciation and amortization | 132,181 | 115,657 | 362,654 | 340,327 |
Impairment charges — Investment Management goodwill | 0 | |||
General and administrative | 22,299 | 19,750 | 66,224 | 62,297 |
Reimbursable tenant costs | 18,874 | 15,092 | 52,538 | 45,942 |
Merger and other expenses | 17,667 | (908) | 17,326 | (3,998) |
Property expenses, excluding reimbursable tenant costs | 11,244 | 13,734 | 36,874 | 36,432 |
Operating property expenses | 9,357 | 3,001 | 15,335 | 6,961 |
Stock-based compensation expense | 5,511 | 4,361 | 23,102 | 18,790 |
Impairment charges — real estate | 0 | 16,301 | 26,385 | 16,301 |
Total operating expenses | 217,133 | 186,988 | 600,438 | 523,052 |
Other Income and Expenses | ||||
Interest expense | (59,022) | (48,731) | (151,492) | (149,623) |
Gain on change in control of interests | 11,405 | 0 | 11,405 | 0 |
Other gains and (losses) | (13,960) | 48,172 | 303 | 13,455 |
Earnings (losses) from equity method investments | 6,447 | 2,445 | 10,189 | (10,528) |
Non-operating income | 9,264 | 1,283 | 23,781 | 10,620 |
(Loss) gain on sale of real estate, net | (4,736) | 1,702 | 37,631 | 30,914 |
Total other income and expenses | (50,602) | 4,871 | (68,183) | (105,162) |
Income before income taxes | 114,346 | 138,724 | 397,338 | 313,588 |
Provision for income taxes | (3,631) | (7,827) | (16,499) | (23,372) |
Net Income | 110,715 | 130,897 | 380,839 | 290,216 |
Net loss (income) attributable to noncontrolling interests | 660 | (39) | 622 | (84) |
Net Income Attributable to W. P. Carey | 111,375 | 130,858 | 381,461 | 290,132 |
Investment Management | ||||
Investment Management: | ||||
Revenues | 1,541 | 4,913 | 10,498 | 14,842 |
Operating Expenses | ||||
Impairment charges — Investment Management goodwill | 29,334 | 0 | 29,334 | 0 |
Merger and other expenses | 0 | 0 | 3 | 15 |
Reimbursable costs from affiliates | 344 | 1,041 | 2,414 | 3,050 |
Total operating expenses | 29,678 | 1,041 | 31,751 | 3,065 |
Other Income and Expenses | ||||
Gain on change in control of interests | 22,526 | 0 | 22,526 | 0 |
Other gains and (losses) | (1,060) | 1,047 | (1,324) | 2,121 |
Earnings (losses) from equity method investments | 4,857 | 3,290 | 13,288 | 6,374 |
Non-operating income | (1) | 0 | 2 | 84 |
Total other income and expenses | 26,322 | 4,337 | 34,492 | 8,579 |
Income before income taxes | (1,815) | 8,209 | 13,239 | 20,356 |
Provision for income taxes | (4,632) | (520) | (5,099) | (62) |
Net Income Attributable to W. P. Carey | (6,447) | 7,689 | 8,140 | 20,294 |
Investment Management | Asset management and other revenue | ||||
Real Estate: | ||||
Operating property revenues | 1,197 | 3,872 | 8,084 | 11,792 |
Investment Management: | ||||
Operating property revenues | 1,197 | 3,872 | 8,084 | 11,792 |
Investment Management | Reimbursable costs from affiliates | ||||
Real Estate: | ||||
Operating property revenues | 344 | 1,041 | 2,414 | 3,050 |
Investment Management: | ||||
Operating property revenues | $ 344 | $ 1,041 | $ 2,414 | $ 3,050 |
CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($) $ in Thousands | Sep. 30, 2022 | Dec. 31, 2021 | ||
---|---|---|---|---|
Investments in real estate: | ||||
Land, buildings and improvements — net lease and other | $ 12,862,423 | $ 11,791,734 | ||
Land, buildings and improvements — operating properties | 1,084,524 | 83,673 | ||
Net investments in direct financing leases and loans receivable | 781,345 | 813,577 | ||
In-place lease intangible assets and other | 2,578,236 | 2,386,000 | ||
Above-market rent intangible assets | 840,943 | 843,410 | ||
Investments in real estate | 18,147,471 | 15,918,394 | ||
Accumulated depreciation and amortization | (3,065,161) | (2,889,294) | ||
Assets held for sale, net | 38,578 | 8,269 | ||
Net investments in real estate | 15,120,888 | 13,037,369 | ||
Equity method investments | 297,665 | 356,637 | ||
Cash and cash equivalents | 186,417 | 165,427 | ||
Due from affiliates | 602 | 1,826 | ||
Other assets, net | 1,146,099 | 1,017,842 | ||
Goodwill | 1,023,171 | 901,529 | ||
Total assets | [1] | 17,774,842 | 15,480,630 | |
Debt: | ||||
Senior unsecured notes, net | 5,651,865 | 5,701,913 | ||
Unsecured term loans, net | 506,004 | 310,583 | ||
Unsecured revolving credit facility | 462,660 | 410,596 | ||
Non-recourse mortgages, net | 1,162,814 | 368,524 | ||
Debt, net | 7,783,343 | 6,791,616 | ||
Accounts payable, accrued expenses and other liabilities | 594,139 | 572,846 | ||
Below-market rent and other intangible liabilities, net | 184,885 | 183,286 | ||
Deferred income taxes | 174,276 | 145,572 | ||
Dividends payable | 224,302 | 203,859 | ||
Total liabilities | [1] | 8,960,945 | 7,897,179 | |
Commitments and contingencies (Note 12) | ||||
Preferred stock, $0.001 par value, 50,000,000 shares authorized; none issued | 0 | 0 | ||
Common stock, $0.001 par value, 450,000,000 shares authorized; 208,032,718 and 190,013,751 shares, respectively, issued and outstanding | 208 | 190 | ||
Additional paid-in capital | 11,510,303 | 9,977,686 | ||
Distributions in excess of accumulated earnings | (2,470,261) | (2,224,231) | ||
Deferred compensation obligation | 57,012 | 49,810 | ||
Accumulated other comprehensive loss | (298,057) | (221,670) | ||
Total stockholders’ equity | 8,799,205 | 7,581,785 | ||
Noncontrolling interests | 14,692 | 1,666 | ||
Total equity | 8,813,897 | 7,583,451 | ||
Total liabilities and equity | $ 17,774,842 | $ 15,480,630 | ||
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