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WP Carey Inc Stock Research

WPC

63.95USD+1.08(+1.72%)Market Closed
Watchlist

Market Summary

USD63.95+1.08
Market Closed
1.72%

WPC Alerts

  • Big jump in Revenue (Y/Y)

WPC Stock Price

WPC RSI Chart

WPC Valuation

Market Cap

13.7B

Price/Earnings (Trailing)

18.15

Price/Sales (Trailing)

8.21

EV/EBITDA

13.51

Price/Free Cashflow

12.58

WPC Price/Sales (Trailing)

WPC Profitability

Operating Margin

99.89%

EBT Margin

49.52%

Return on Equity

7.92%

Return on Assets

3.91%

Free Cashflow Yield

7.95%

WPC Fundamentals

WPC Revenue

Revenue (TTM)

1.7B

Revenue Y/Y

31.41%

Revenue Q/Q

5.79%

WPC Earnings

Earnings (TTM)

753.5M

Earnings Y/Y

13.27%

Earnings Q/Q

-50.87%

Price Action

52 Week Range

62.6885.94
(Low)(High)

Last 7 days

1.2%

Last 30 days

0.4%

Last 90 days

-5.5%

Trailing 12 Months

-21.1%

WPC Financial Health

Debt/Equity

0.89

Debt/Cashflow

0.13

WPC Investor Care

Dividend Yield

6.66%

Dividend/Share (TTM)

4.26

Shares Dilution (1Y)

10.25%

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs
Net sales

Latest Insider Trading transactions for WPC

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
2023-07-03
Beier Constantin H.
sold (taxes)
-39,479
68.54
-576
-
2023-07-03
ALEXANDER MARK A
acquired
-
-
2,553
-
2023-07-03
Niehaus Christopher
acquired
-
-
2,553
-
2023-07-03
LEWIS MARGARET G
acquired
-
-
2,553
-
2023-07-03
FLANAGAN ROBERT J
acquired
-
-
2,553
-
2023-07-03
Hoysradt Jean
acquired
-
-
2,553
-
2023-07-03
Talma Stheeman Mechthild Elisabeth
acquired
-
-
2,553
-
2023-07-03
Beier Constantin H.
acquired
-
-
2,553
-
2023-07-03
van Ommen Nick J.M.
acquired
-
-
2,553
-
2023-07-03
CALAWAY TONIT M
acquired
-
-
2,553
-

1–10 of 50

Which funds bought or sold WPC recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2023-09-12
Farther Finance Advisors, LLC
reduced
-2.11
-6,429
37,563
0.01%
2023-09-07
JAG CAPITAL MANAGEMENT, LLC
reduced
-11.5
-384,003
1,300,230
0.15%
2023-09-07
ST GERMAIN D J CO INC
new
-
67,020
67,020
-%
2023-09-05
Delos Wealth Advisors, LLC
unchanged
-
-247
1,908
-%
2023-08-30
CHAPIN DAVIS, INC.
sold off
-100
-377,416
-
-%
2023-08-30
Western Wealth Management, LLC
reduced
-2.88
-83,809
464,397
0.04%
2023-08-24
Alberta Investment Management Corp
unchanged
-
-56,373
385,092
-%
2023-08-23
Stonebridge Capital Advisors LLC
added
34.97
12,294
81,612
0.01%
2023-08-23
WOLVERINE TRADING, LLC
added
227
1,522,470
2,335,470
-%
2023-08-23
HEADINVEST, LLC
sold off
-100
-221,679
-
-%

1–10 of 48

Latest Funds Activity

Are funds buying WPC calls or puts?
Calls
Puts
No. of funds holding Calls - Puts
Net Call Options
No. of funds that own WPC
No. of Funds

Schedule 13G FIlings of WP Carey

Date FiledName of FilerPercent of ClassNo. of SharesForm 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

Recent SEC filings of WP Carey

View All Filings
Date Filed Form Type Document
Jul 28, 2023
8-K
Current Report
Jul 28, 2023
10-Q
Quarterly Report
Jul 05, 2023
4
Insider Trading
Jul 05, 2023
4
Insider Trading
Jul 05, 2023
4
Insider Trading
Jul 05, 2023
4
Insider Trading
Jul 05, 2023
4
Insider Trading
Jul 05, 2023
4
Insider Trading
Jul 05, 2023
4
Insider Trading
Jul 05, 2023
4
Insider Trading

WPC Fair Value

Loading...

Peers (Alternatives to WP Carey)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
48.1B
4.4B
-0.64% -17.74%
11.24
10.95
14.80% 87.79%
38.3B
5.1B
5.88% 19.36%
89.57
7.47
13.73% -68.04%
20.8B
2.3B
3.32% -4.19%
47.46
8.89
10.35% 26.08%
13.7B
1.7B
0.41% -21.12%
18.15
8.21
19.60% 44.13%
MID-CAP
5.1B
301.0M
6.41% 5.84%
35.04
16.87
21.69% -14.92%
2.4B
293.9M
10.55% -10.12%
14.72
8.09
18.58% 20.52%
1.7B
1.8B
-3.55% -40.03%
-4.29
0.96
7.44% -368.11%
SMALL-CAP
1.9B
398.4M
6.31% 8.85%
118.52
4.82
-8.09% -82.26%
1.5B
172.8M
-1.07% 2.10%
21.91
8.65
8.04% -16.27%
1.2B
223.7M
-2.77% -1.72%
-26.84
5.58
-9.65% -270.33%
959.8M
1.0B
15.23% -41.03%
-16.34
0.93
6.60% -1003.40%
761.0M
584.5M
0.99% -6.96%
13.15
1.3
80.57% 25.53%
426.9M
-
-0.78% -31.22%
-6.22
4.82
-8.25% 37.88%
272.1M
532.0M
-17.40% -63.96%
25.51
0.51
-8.83% 221.12%

WP Carey News

The Motley Fool
2 Ultra-High-Yield REITs to Buy Hand Over Fist and 1 to Avoid.
The Motley Fool,
38 minutes ago
Seeking Alpha

Returns for WPC

Cumulative Returns on WPC

5.2%


10-Year Cumulative Returns

4.8%


7-Year Cumulative Returns

4.4%


5-Year Cumulative Returns

3.0%


3-Year Cumulative Returns

Risks for WPC

What is the probability of a big loss on WPC?

41.1%


Probability that WP Carey stock will be more than 20% underwater in next one year

19.6%


Probability that WP Carey stock will be more than 30% underwater in next one year.

19.2%


Probability that WP Carey stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does WPC drawdown profile look like?

Y-axis is the maximum loss one would have experienced if WP Carey was unfortunately bought at previous high price.

Drawdowns

Financials for WP Carey

Income Statement (Last 12 Months)
(In Millions)
Income Statement (Last 12 Months)
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q42018Q32018Q2
Revenue6.9%1,6671,5581,4791,4511,3931,3691,3321,2641,2411,2111,2091,2131,2291,2431,2331,1951,086982886809811
Costs and Expenses4.9%960915867833774758727704678666692689726746731741653583526453457
  S&GA Expenses4.3%96.0092.0089.0086.0083.0083.0082.0081.0080.0077.0076.0075.0072.0075.0075.0076.0074.0071.0068.0069.0070.00
EBITDA-100.0%-1,5561,3491,2121,2201,2181,1111,1301,1351,1311,1111,1151,0139731,026------
EBITDA Margin-100.0%-1.00*0.91*0.84*0.88*0.89*0.83*0.89*0.91*0.93*0.92*0.92*0.82*0.78*0.83*------
Interest Expenses12.1%269240219199188191197202206209210211217225233237220202178162161
Earnings Before Taxes2.7%792772626515550545439476484478445454345291333389427443439329311
EBT Margin-100.0%-0.50*0.42*0.36*0.39*0.40*0.33*0.38*0.39*0.39*0.37*0.37*0.28*0.23*0.27*------
Net Income2.3%753737599489523515410445456441455450342303305369405415412294296
Net Income Margin-100.0%-0.47*0.41*0.34*0.38*0.38*0.31*0.35*0.37*0.36*0.38*0.37*0.28*0.24*0.25*------
Free Cashflow-100.0%-1,0501,0041,004975974926870860810802791824849812------
Balance Sheet
(In Millions)
Balance Sheet
(In Millions)
Description(%) Q/Q2023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q42018Q32018Q2
Assets1.3%19,07618,83218,10217,77515,45415,57015,48115,13515,23214,54914,70814,19013,95613,89014,06114,08414,19214,15614,1838,5198,267
    Cash Equivalents38.0%204148168186200259218182218284249223204284252389262306424215164
  Goodwill-0.1%1,0371,0381,0371,023891900902904907906911904899930935931920919921642642
Liabilities3.3%9,8299,5139,0938,9617,8137,8757,8977,7487,9317,6587,8297,3007,1547,1177,1137,1197,2017,1387,3535,2464,954
  Long Term Debt4.3%8,6168,2587,8787,7836,7666,7786,7926,6756,8166,5206,6966,2346,1226,1226,0546,0976,1776,1236,3794,6644,401
Shareholder's Equity-1.0%9,2319,3198,9948,7997,6417,6957,5837,3877,3016,8906,8786,8896,8026,7736,9486,9646,9917,0186,8303,2723,312
  Additional Paid-In Capital0.1%11,95911,94911,70711,51010,20210,1529,9789,6949,5429,0618,9258,9208,8158,7128,7188,7128,5768,4838,1874,4454,443
Shares Outstanding0.0%214214211208194192190185180177175175173173172172171167165108108
Minority Interest-8.0%16.0018.0015.0015.002.002.002.002.002.002.002.002.002.002.006.006.006.006.006.00210212
Cashflow (Last 12 Months)
(In Millions)
Cashflow (Last 12 Months)
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q42018Q32018Q2
Cashflow From Operations3.5%1,0871,0501,0041,004975974926870860810802791824849812717608549509504502
  Share Based Compensation-2.4%32.0033.0033.0029.0028.0027.0025.0025.0025.0019.0016.0015.0015.0017.0019.0018.0016.0014.0018.0019.0021.00
Cashflow From Investing0.9%-1,397-1,410-1,052-1,532-1,241-1,719-1,566-1,315-1,223-506-539-379-417-478-522-225-362-380-266-413-176
Cashflow From Financing17.5%38732958.00615265726557407372-310-210-588-459-385-457-309-147-68.84-24.29-89.26-385
  Dividend Payments2.9%884859835810799782764751739732727722718713704636569502440438436
  Buy Backs-------------------1.00--

WPC Income Statement

2023-06-30
CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Real Estate:    
Lease revenues$ 369,124$ 314,354$ 721,460$ 622,079
Investment Management:    
Revenues452,578344,397880,368692,835
Operating Expenses    
Depreciation and amortization143,548115,080299,957230,473
Operating property expenses26,9193,19148,1685,978
General and administrative24,78820,84151,23643,925
Reimbursable tenant costs20,52316,70442,49933,664
Stock-based compensation expense8,9959,75816,76117,591
Property expenses, excluding reimbursable tenant costs5,37111,85118,14325,630
Merger and other expenses1,4191,9841,443(338)
Reimbursable costs from affiliates1241,1432252,070
Impairment charges — real estate06,206026,385
Total operating expenses231,687186,758478,432385,378
Other Income and Expenses    
Interest expense(75,488)(46,417)(142,684)(92,470)
Non-operating income4,5095,9749,13514,520
Earnings from equity method investments4,3557,4019,59112,173
Gain on sale of real estate, net1,80831,119179,55742,367
Other gains and (losses)(1,366)(21,746)6,73413,999
Total other income and expenses(66,182)(23,669)62,333(9,411)
Income before income taxes154,709133,970464,269298,046
Provision for income taxes(10,129)(6,252)(25,248)(13,335)
Net Income144,580127,718439,021284,711
Net loss (income) attributable to noncontrolling interests40(40)(21)(38)
Net Income Attributable to W. P. Carey$ 144,620$ 127,678$ 439,000$ 284,673
Basic earnings per share (in dollars per share)$ 0.67$ 0.66$ 2.06$ 1.48
Diluted earnings per share (in dollars per share)$ 0.67$ 0.66$ 2.05$ 1.47
Weighted-Average Shares Outstanding    
Basic (in shares)215,075,114194,019,451213,522,150192,971,256
Diluted (in shares)215,184,485194,763,695213,875,471193,706,035
Real Estate    
Real Estate:    
Lease revenues$ 369,124$ 314,354$ 721,460$ 622,079
Income from finance leases and loans receivable27,31117,77848,06636,157
Operating property revenues50,6765,06491,5628,929
Other lease-related income5,0402,59118,41316,713
Investment Management:    
Operating property revenues50,6765,06491,5628,929
Revenues452,151339,787879,501683,878
Operating Expenses    
Depreciation and amortization143,548115,080299,957230,473
Operating property expenses26,9193,19148,1685,978
General and administrative24,78820,84151,23643,925
Reimbursable tenant costs20,52316,70442,49933,664
Stock-based compensation expense8,9959,75816,76117,591
Property expenses, excluding reimbursable tenant costs5,37111,85118,14325,630
Merger and other expenses1,4191,9841,443(341)
Impairment charges — real estate06,206026,385
Total operating expenses231,563185,615478,207383,305
Other Income and Expenses    
Interest expense(75,488)(46,417)(142,684)(92,470)
Non-operating income4,5095,9759,12214,517
Earnings from equity method investments4,3554,5299,5913,742
Gain on sale of real estate, net1,80831,119179,55742,367
Other gains and (losses)(890)(20,155)6,69614,263
Total other income and expenses(65,706)(24,949)62,282(17,581)
Income before income taxes154,882129,223463,576282,992
Provision for income taxes(10,236)(5,955)(25,638)(12,868)
Net Income144,646123,268437,938270,124
Net loss (income) attributable to noncontrolling interests40(40)(21)(38)
Net Income Attributable to W. P. Carey144,686123,228437,917270,086
Investment Management    
Real Estate:    
Operating property revenues4274,6108678,957
Investment Management:    
Operating property revenues4274,6108678,957
Revenues4274,6108678,957
Operating Expenses    
Merger and other expenses0003
Reimbursable costs from affiliates1241,1432252,070
Total operating expenses1241,1432252,073
Other Income and Expenses    
Non-operating income0(1)133
Earnings from equity method investments02,87208,431
Other gains and (losses)(476)(1,591)38(264)
Total other income and expenses(476)1,280518,170
Income before income taxes(173)4,74769315,054
Provision for income taxes107(297)390(467)
Net Income Attributable to W. P. Carey(66)4,4501,08314,587
Investment Management | Asset management revenue    
Real Estate:    
Operating property revenues3033,4676426,887
Investment Management:    
Operating property revenues3033,4676426,887
Investment Management | Reimbursable costs from affiliates    
Real Estate:    
Operating property revenues1241,1432252,070
Investment Management:    
Operating property revenues$ 124$ 1,143$ 225$ 2,070

WPC Balance Sheet

2023-06-30
CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Thousands
Jun. 30, 2023
Dec. 31, 2022
Investments in real estate:  
Land, buildings and improvements — net lease and other$ 13,563,837$ 13,338,857
Land, buildings and improvements — operating properties1,334,5011,095,892
Net investments in finance leases and loans receivable1,222,439771,761
In-place lease intangible assets and other2,748,0132,659,750
Above-market rent intangible assets806,619833,751
Investments in real estate19,675,40918,700,011
Accumulated depreciation and amortization(3,378,385)(3,269,057)
Assets held for sale, net43,00257,944
Net investments in real estate16,340,02615,488,898
Equity method investments340,285327,502
Cash and cash equivalents204,103167,996
Other assets, net1,154,9451,080,227
Goodwill1,036,9661,037,412
Total assets[1]19,076,32518,102,035
Debt:  
Senior unsecured notes, net5,978,2945,916,400
Unsecured term loans, net1,113,491552,539
Unsecured revolving credit facility528,705276,392
Non-recourse mortgages, net995,4351,132,417
Debt, net8,615,9257,877,748
Accounts payable, accrued expenses and other liabilities643,830623,843
Below-market rent and other intangible liabilities, net157,728184,584
Deferred income taxes179,449178,959
Dividends payable232,461228,257
Total liabilities[1]9,829,3939,093,391
Commitments and contingencies (Note 11)
Preferred stock, $0.001 par value, 50,000,000 shares authorized; none issued00
Common stock, $0.001 par value, 450,000,000 shares authorized; 213,901,170 and 210,620,949 shares, respectively, issued and outstanding214211
Additional paid-in capital11,959,06011,706,836
Distributions in excess of accumulated earnings(2,510,816)(2,486,633)
Deferred compensation obligation62,04657,012
Accumulated other comprehensive loss(279,931)(283,780)
Total stockholders’ equity9,230,5738,993,646
Noncontrolling interests16,35914,998
Total equity9,246,9329,008,644
Total liabilities and equity$ 19,076,325$ 18,102,035
[1]See Note 2 for details related to variable interest entities (“VIEs”).
Jason E. Fox
180
W. P. Carey ranks among the largest net lease REITs with an enterprise value of approximately $18 billion and a diversified portfolio of operationally-critical commercial real estate that includes 1,215 net lease properties covering approximately 142 million square feet as of September 30, 2020. For nearly five decades, the company has invested in high-quality single-tenant industrial, warehouse, office, retail and self-storage properties subject to long-term net leases with built-in rent escalators. Its portfolio is located primarily in the U.S. and Northern and Western Europe and is well-diversified by tenant, property type, geographic location and tenant industry.