W. P. Carey Inc. (WPC) is a publicly traded company in the Real Estate — REIT - Diversified industry listed on NYSE. This overview shows the latest price, key valuation ratios, profitability metrics and financial-health indicators used by fundamental investors.
W. P. Carey is recognized as a leading net lease Real Estate Investment Trust (REIT), boasting an enterprise value of approximately $18 billion. As of September 30, 2020, its extensive portfolio comprises 1,215 essential net lease properties, spanning an estimated 142 million square feet of commercial real estate. For nearly five decades, the company has strategically invested in high-quality, single-tenant industrial, warehouse, office, retail, and self-storage assets.
Is W. P. Carey Inc. stock overvalued or undervalued in 2026?
W. P. Carey Inc. (WPC) trades at 21.8× earnings (P/E). At its 10-year average P/FFO (13.3×) $61 (-3 %); at the decade median (14.4×) $66 (+4 %).
Kaplio overview: W. P. Carey Inc.
Market cap $14B · 52 weeks $63 – $77 (18 % below the high) · P/E 21.8× · 2027 expected P/E 20.6× · Dividend 5.9 % · Next earnings February 9, 2027 · expected EPS $0.74 · Closing price, Oct 28 · accounts published Oct 27.
- Valuation: P/FFO 13.8× (fairly priced).
- Business: FFO/dividend 1.3× (solid).
- Balance sheet: Net debt/EBITDA 6.5× (watch).
- Earnings: 4 of 8 (no verdict).
What would it be worth at its usual multiples?
At its 10-year average P/FFO (13.3×) $61 (-3 %); at the decade median (14.4×) $66 (+4 %). Implied price from applying the reference multiples to today's earnings (or book value, or FFO) per share. Not a fair value: it is where the stock would trade at its usual multiples.
What matters in REITs: 3 of 5 pass
- Net debt / EBITDA 6.5×, borderline.
- P/FFO 13.8×, borderline.
- Dividend coverage (FFO/div) 1.3×, passes.
- Debt / Assets 48.5 %, passes.
- FFO Payout (proxy) 61.6 %, passes.
- FFO / Share $4.58, info.
Against its peers (reference peers) — W. P. Carey Inc.: P/B 1.7×; Div. yield 5.9 %; EV/EBITDA 16.4×; $14.4B. VICI Properties Inc. (P/B 0.9×; Div. yield 7.7 %; EV/EBITDA 9.6×; $25.9B), Essential Properties Realty Trust, Inc. (P/B 1.3×; Div. yield 4.7 %; EV/EBITDA 15.3×; $5.7B), Broadstone Net Lease, Inc. (P/B 1.1×; Div. yield 6.9 %; EV/EBITDA 13.9×; $3.2B).
Expensive or cheap against its last ten fiscal years?
Precio / FFO (aprox.) at each close: today 13.8× · median 14.4× · minimum 6.5× · maximum 16.5× · cheap below 12.5× · expensive above 15.3×. It has been cheaper than today only 40% of the time over its last ten fiscal years.
Dividend
tight (only raised recently) · Yield 5.9 % ($3.58 per share in 2025) · Years raising it 1 · 5-year growth -3 % a year · Free cash flow coverage FFO payout 62 % · With $1,000 invested today you'd collect $59.30 a year ($4.94 a month).
Profitability
| Return on Equity | 7.69% |
| Return on Invested Capital | 3.71% |
| Return on Assets | 3.49% |
| Gross Margin | 57.32% |
| Operating Margin | 39.23% |
| Net Margin | 38.11% |
Financial Health
| Debt / Equity | 1.00 |
| Current Ratio | 0.17 |
| Piotroski F-Score | 4 |
| Altman Z-Score | 0.78 |
Price Performance
| 1 month | -4.40% |
| 3 months | -14.29% |
| Year-to-date | -1.99% |
| 1 year | -4.83% |
| 3 years | +22.15% |
| 5 years | -16.44% |
| 10 years | +6.09% |
Dividend History
Paid in the last 12 months: $3.7400 per share in 4 payments.
| Date | Amount |
|---|---|
| 2026-09-30 | $0.9500 |
| 2026-06-30 | $0.9400 |
| 2026-03-31 | $0.9300 |
| 2025-12-31 | $0.9200 |
| 2025-09-30 | $0.9100 |
| 2025-06-30 | $0.9000 |
| 2025-03-31 | $0.8900 |
| 2024-12-31 | $0.8800 |
| 2024-09-30 | $0.8750 |
| 2024-06-28 | $0.8700 |
Amounts adjusted for stock splits.
Related companies: VICI · ADC · NNN · EPRT · BNL
Explore sector: Real Estate · REIT - Diversified
More sections of WPC: Financials · Valuation · Statistics · Estimates · Technical · Ownership · News · Events
Discover more: Weekly Radar: the S&P 500 through the Buffett and Lynch methods · Companies that pass the Buffett method today · Companies that pass the Lynch method today · Stocks that pass Graham's defensive investor test today · Investment Academy — learn to analyze stocks