W. P. Carey Inc. (WPC)
Market Cap | 11.87B |
Revenue (ttm) | 1.59B |
Net Income (ttm) | 558.11M |
Shares Out | 218.85M |
EPS (ttm) | 2.53 |
PE Ratio | 21.41 |
Forward PE | 25.06 |
Dividend | $3.50 (6.45%) |
Ex-Dividend Date | Sep 30, 2024 |
Volume | 2,882,158 |
Open | 53.65 |
Previous Close | 53.44 |
Day's Range | 53.62 - 54.97 |
52-Week Range | 53.09 - 67.40 |
Beta | 0.98 |
Analysts | Hold |
Price Target | 61.70 (+13.73%) |
Earnings Date | Feb 7, 2025 |
About WPC
W. P. Carey ranks among the largest net lease REITs with a well-diversified portfolio of high-quality, operationally critical commercial real estate, which includes 1,424 net lease properties covering approximately 173 million square feet and a portfolio of 89 self-storage operating properties as of December 31, 2023. With offices in New York, London, Amsterdam and Dallas, the company remains focused on investing primarily in single-tenant, industrial, warehouse and retail properties located in the U.S. and Northern and Western Europe, under lo... [Read more]
Financial Performance
In 2023, W. P. Carey's revenue was $1.74 billion, an increase of 17.93% compared to the previous year's $1.47 billion. Earnings were $708.33 million, an increase of 18.23%.
Financial StatementsAnalyst Forecast
According to 12 analysts, the average rating for WPC stock is "Hold." The 12-month stock price forecast is $61.7, which is an increase of 13.73% from the latest price.
News
Why The Market May Get Turned Upside Down In 2025
AI stocks have dominated the market in 2024, dragging the S&P 500 higher with them. I think the market may get turned upside down in 2025. I share why and also share some of my top picks for the new y...
W. P. Carey: The Bottom May Be In
W. P. Carey has faced a 12% decline in value so far this year, but the REIT completed its portfolio restructuring. I previously recommended WPC as a strong buy due to its successful restructuring, low...
W. P. Carey: No Pain, No Gain - Dividend Story Remains Rich
WPC's clean FQ3'24 performance has been promising indeed, as the management also hints at sequential growth in FQ4'24. The REIT's stable ABR growth, 98.8% occupancy rate, and positive re-leasing rates...
W. P. Carey Increases Quarterly Dividend to $0.880 per Share
NEW YORK , Dec. 12, 2024 /PRNewswire/ -- W. P. Carey Inc. (W.
How Donald Trump's Tariffs Could Impact High-Yield Stocks
President-elect Donald Trump's proposed tariffs have ignited significant uncertainty for the economy and markets. We take a look at how they will likely impact various high-yield sectors. We also shar...
My Single Biggest Regret As A REIT Investor
I have outperformed REIT sector averages over the long run. But I could have done even better. I discuss my #1 biggest mistake I have made as a REIT investor.
6-9% Yielding Cash Cows To Make Money While You Sleep
Income investing requires patience in selecting quality companies with well-covered distributions, offering high and steady income streams. Western Midstream offers an 8.7% yield, strong operational m...
The U.S. Election's Impact On REITs
Donald Trump's proposed policies could impact inflation and interest rates. They could also impact individual property sectors. We explain the impact on residential, industrial, cell tower, healthcare...
W. P. Carey: Better Equipped To Deal With Inflationary Pressures Relative To Realty Income
32.9% of W. P. Carey's annual base rent is subject to uncapped rent escalators linked to CPI. In comparison, most of the rent escalators in Realty Income's portfolio are either fixed or linked to CPI ...
W. P. Carey: Growth Should Edge Up Some
W. P. Carey's growth should accelerate post-office business exit. The company is expected to return to slow growth and annual dividend raises. The high dividend yield reflects market caution. That cau...
An Important Warning For Dividend Investors After Donald Trump's Victory
Donald Trump's victory has had a pronounced impact on market behavior, anticipating meaningful policy changes once he takes office. We analyze the likely impact of his policy proposals on dividend sto...
W. P. Carey: Staying The Course With This Name
W. P. Carey offers a diversified REIT option, primarily focused on industrial and warehouse properties, but recent financial performance has been declining. The company's revenue and profitability hav...
W. P. Carey: A Transformational Net Lease REIT That's Cheap For A Reason
W. P. Carey has successfully pivoted from office properties to retail, boosting its competitiveness with other net lease REITs and diversifying its portfolio. Despite tenant credit issues, Carey maint...
7% Yields: If I Could Only Buy 2 For The Next Year
The end of the U.S. election season is beginning to bring clarity to the U.S. and global economic outlook for the next year. I discuss seven major trends that should drive much of the high-yield marke...
W. P. Carey: You'll Regret Not Picking Up This 6% Yield
W. P. Carey has completed its portfolio transformation, divesting office assets and focusing on industrial properties, enhancing dividend safety and growth potential. The trust boasts a 99% lease rate...
W. P. Carey Inc. Announces Pricing of €600 Million of Senior Unsecured Notes
NEW YORK , Nov. 12, 2024 /PRNewswire/ -- W. P. Carey Inc. (NYSE: WPC, the "Company") announced today that it has priced an underwritten public offering of €600 million aggregate principal amount of 3....
Very Bad News For Blue-Chip Big Dividend REITs
Blue-chip REITs rallied hard between early July and late October. However, they have recently pulled back. We discuss why, and we also share our top REIT pick of the moment.
W. P. Carey: Buy The Dip Hand Over Fist
W. P. Carey is a net lease REIT with a 6.3% dividend yield, focusing on mission-critical properties in the industrial, warehouse, and retail sectors. WPC's strategic shift from office to industrial an...
Rates Up, REITs Down! It's Opportunity Cost
The recent 75 basis point rise in the 10-year treasury yield has led to a significant selloff in net lease REITs. Despite strong earnings, REITs like O and ADC have seen stock price declines due to in...
4 October Dividend Raises: Biggest 10.6% From Mondelez, Largest Yield From Altria 7.5%.
Dividend Raises: Four companies in my "Rose's Income Garden" portfolio raised dividends, with Mondelez leading at 10.6% and Altria offering the highest yield at 7.5%. Investment Analysis: Philip Morri...
Big Dividend Blue-Chips: The More They Drop, The More I Buy
My investment strategy centers on buying undervalued blue-chip big-dividend growth stocks. Fortunately, several of these have dropped recently, offering compelling opportunities for dividend investors...
W.P. Carey Q3 Earnings: Real Problems Lead This REIT To Trade At An Attractive Discount
WPC reported Q3 earnings on Oct. 29. We explore WPC's underperformance relative to the sector over the past 12 months. We discuss WPC's most recent earnings release and implications for future perform...
Buy The Dip In These '$10 Trillion Opportunity' Big Dividends Hand-Over-Fist
There is a major macroeconomic shift beginning to take place. This trend provides a potential $10 trillion opportunity that investors can potentially take advantage of. We share several undervalued hi...
W. P. Carey Inc. (WPC) Q3 2024 Earnings Call Transcript
W. P. Carey Inc. (NYSE:WPC) Q3 2024 Earnings Conference Call October 30, 2024 11:00 AM ET Company Participants Peter Sands - Head, Investor Relations Jason Fox - Chief Executive Officer Toni Sanzone ...