Market Summary
USD78.60-0.52
Market Closed-0.66%
WPC Alerts
WPC Stock Price
WPC RSI Chart
WPC Valuation
WPC Price/Sales (Trailing)
WPC Profitability
WPC Fundamentals
WPC Revenue
WPC Earnings
Price Action
52 Week Range
67.7788.33
(Low)(High)
Last 7 days
-1.5%
Last 30 days
-6.9%
Last 90 days
-1.9%
Trailing 12 Months
3.3%
WPC Financial Health
WPC Investor Care
Peers (Alternatives to WP Carey)
View All Peers In Detail| 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% |
Financials for WP Carey
| 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 |
Risks for WPC
What is the probability of a big loss on WPC?
30.8%
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
Returns for WPC
Cumulative Returns on WPC
7.4%
10-Year Cumulative Returns
10.0%
7-Year Cumulative Returns
10.8%
5-Year Cumulative Returns
7.9%
3-Year Cumulative Returns
What are the long-term rolling returns for WPC?
FIve years rolling returns for WP Carey.
Annualized Returns
Which funds bought or sold WPC recently?
View All Details| 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 | - | -% |
Latest Funds Activity
Calls
Puts
Net Call Options
No. of Funds
WPC Alerts
WP Carey News
Schedule 13G FIlings of WP Carey
| 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 |
WPC Fair Value
WP Carey fair value in different scenarios
The table shows the Fair Value estimates for WP Carey for various scenarios. Disclaimer: These are just estimations from a model. None of the models are good at predicting the future. Please dont buy or sell stocks based on these outputs.
| 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% |
Historical WP Carey Fair Value Estimates
Very Pessimistic Case
Pessimistic Case
Fair Value
Optimistic Case
Very Optimistic Case
Closing Stock Price
Recent SEC filings of WP Carey
View All Filings| 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 |
Latest Insider Trading transactions for WPC
Filter Transactions| 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 |
W. P. Carey ranks among the largest net lease REITs with an enterprise value of approximately $18 billion and a diversified portfolio of operationally-critical commercial real estate that includes 1,215 net lease properties covering approximately 142 million square feet as of September 30, 2020. For nearly five decades, the company has invested in high-quality single-tenant industrial, warehouse, office, retail and self-storage properties subject to long-term net leases with built-in rent escalators. Its portfolio is located primarily in the U.S. and Northern and Western Europe and is well-diversified by tenant, property type, geographic location and tenant industry.
WPC Income Statement
2022-09-30CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($) $ 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 |
WPC Balance Sheet
2022-09-30CONSOLIDATED 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 | ||
| ||||