W. P. Carey Inc. (WPC)
| Market Cap | 12.38B |
| Revenue (ttm) | 1.59B |
| Net Income (ttm) | 558.11M |
| Shares Out | 218.85M |
| EPS (ttm) | 2.53 |
| PE Ratio | 22.33 |
| Forward PE | 29.71 |
| Dividend | $3.50 (6.19%) |
| Ex-Dividend Date | Sep 30, 2024 |
| Volume | 746,763 |
| Open | 56.22 |
| Previous Close | 56.48 |
| Day's Range | 55.63 - 56.98 |
| 52-Week Range | 53.09 - 67.40 |
| Beta | 0.97 |
| Analysts | Hold |
| Price Target | 62.00 (+9.56%) |
| Earnings Date | Oct 29, 2024 |
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 11 analysts, the average rating for WPC stock is "Hold." The 12-month stock price forecast is $62.0, which is an increase of 9.56% from the latest price.
News
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 ...
W. P. Carey Announces Third Quarter 2024 Financial Results
NEW YORK , Oct. 29, 2024 /PRNewswire/ -- W. P. Carey Inc. (NYSE: WPC) (W.
Top 3 Real Estate Stocks That May Surge In Q4
The most oversold stocks in the real estate sector presents an opportunity to buy into undervalued companies.
These REITs Trade At Discounts, But Should They?
There are substantial valuation gaps among REIT sectors, with some justified by fundamentals and others representing mispricing, providing investment opportunities in undervalued sectors. Hotels and o...
W. P. Carey Named to "Best Workplaces in Real Estate" and "Best Workplaces for Women" Lists by Fortune
Prestigious recognitions highlight W. P. Carey's inclusive and positive workplace culture NEW YORK , Oct. 24, 2024 /PRNewswire/ -- W.
W. P. Carey: Discounted Status Triggers Rich Dividends And Upside Potential
WPC remains undervalued compared to its historical levels and REIT peers, with it triggering the richer dividend and capital appreciation prospects. Despite the pessimistic sentiments, the REIT's stab...
W. P. Carey Is A Buy Under This Condition
For investors who are indifferent about WPC's last year's communication regarding the exit from the office property sector, WPC may be one of the best picks in the REIT sector. The article was written...
October's 5 Dividend Growth Stocks With 5.10%+ Yields
Dividend growth stocks can offer a passive way to grow your cash flow over time that can be used to pay the bills during retirement. We screen for some attractive names to consider, looking at dividen...
W. P. Carey to Release Third Quarter 2024 Financial Results on Tuesday, October 29, 2024
Conference Call Scheduled for Wednesday, October 30, 2024 at 11:00 a.m. Eastern Time NEW YORK , Oct. 15, 2024 /PRNewswire/ -- W.
Bad News For High Yield Stocks
High-yield stocks have surged in recent months. However, recently, news hit that threatens to end the rally in much of the sector. We share which part of the high-yield space is likely going to benefi...
3 Boring Net Lease REITs That Help Me Sleep Well At Night
As the legendary investor John D. Rockefeller once said, 'Do you know the only thing that gives me pleasure? It's to see my dividends coming in?' NNN REIT boasts a 6.98% dividend yield, 34 consecutive...
An Important Warning Before Buying Dividend Stocks
Dividend stocks have been soaring in recent months. However, there is reason to believe that the party may not last much longer. We share our concerns and how we are positioning our portfolio as a res...
W. P. Carey: Still Too Cheap To Pass On
W. P. Carey investors have recently outperformed the S&P 500 as a more dovish Fed spurred a broad rally in REITs. Despite challenges in the first half, WPC demonstrated robust profitability and a soli...