W. P. Carey (WPC) Stock Analysis
This is a peer-relative look at W. P. Carey (WPC): its performance, risk, profitability, growth, financial strength, dividend, and valuation are each measured against its Equity Real Estate Investment Trusts (REITs) peers, so every number reads in context rather than in isolation.
Company Profile
W. P. Carey (WPC) is a REIT, a distribution-oriented structure — read its payout ratio and P/E alongside FFO (funds from operations) rather than at face value.
| Profile Item | WPC |
|---|---|
| Name | W. P. Carey Inc. |
| Country/Region | United States |
| GICS Sector | Real Estate |
| GICS Industry Group | Equity Real Estate Investment Trusts (REITs) |
| GICS Industry | Diversified REITs |
| GICS Sub-Industry | Diversified REITs |
| Market Capitalization | 14.97 billion USD |
| Currency | USD |
| Exchange | NYSE |
| Listing Date | January 21, 1998 |
| Security Type | REIT |
Price Performance
Cumulative Growth
Trailing Returns
Calendar-Year Returns
Performance Metrics
| Metric | Current stock: WPC | Industry group median |
|---|---|---|
| Total Return (1Y) | 3.70% | 12.32% |
| Total Return (3Y, Annualized) | 13.11% | 12.70% |
| Total Return (5Y, Annualized) | 3.23% | 0.76% |
Risk Profile
Drawdown History
Return Distribution
Risk Metrics
| Metric | Current stock: WPC | Industry group median |
|---|---|---|
| Volatility (1Y, Annualized) | 17.83% | 23.60% |
| Beta (5Y) | 0.74 | 0.93 |
| Max Drawdown (5Y) | -36.81% | -42.02% |
Risk-Adjusted Performance
Risk-Return Positioning
Risk-Adjusted Metrics
| Metric | Current stock: WPC | Industry group median |
|---|---|---|
| Sharpe Ratio (1Y) | -0.03 | 0.37 |
| Sortino Ratio (1Y) | -0.05 | 0.55 |
Profitability
ROE (TTM)
W. P. Carey (WPC) posts ROE of 7.76%, roughly around the peer group’s normal range. Shareholders’ equity is producing a return that looks broadly typical for the industry.
WPC
Equity Real Estate Investment Trusts (REITs) industry group
7.76%
Group distribution
- Max
- 22.74%
- Q3
- 10.54%
- WPC
- 7.76%
- Median
- 6.38%
- Q1
- 1.69%
- Min
- -10.86%
Largest peers
- SPG
- 129.35%
- AMT
- 32.96%
- EQIX
- 11.45%
- WPC
- 7.76%
- PLD
- 7.71%
- WELL
- 3.92%
- DLR
- 3.34%
Net Margin (TTM)
net margin is set aside for W. P. Carey (WPC) in Equity Real Estate Investment Trusts (REITs): heavy depreciation can make net income a poor proxy for cash profitability, so FFO-based measures usually carry the read.
Operating Margin (TTM)
operating margin is set aside for W. P. Carey (WPC) in Equity Real Estate Investment Trusts (REITs): the operating-income line is not a clean boundary for this business model, so net margin, ROE, FFO, or industry-specific measures may be more useful.
Profitability Metrics
| Metric | Current stock: WPC | Industry group median |
|---|---|---|
| ROE (TTM) | 7.76% | 6.38% |
| ROA (TTM) | 3.54% | 2.44% |
| Net Margin (TTM) | -- | -- |
| Operating Margin (TTM) | -- | -- |
| Gross Margin (TTM) | -- | -- |
Growth
Revenue Growth
W. P. Carey (WPC) grew revenue 8.43%, roughly around the peer group's normal range. Top-line momentum looks broadly typical for the industry.
EPS Growth
EPS growth is not assessed for W. P. Carey (WPC) in Equity Real Estate Investment Trusts (REITs): under this industry convention, per-share earnings need a different yardstick.
Growth Metrics
| Metric | Current stock: WPC | Industry group median |
|---|---|---|
| Revenue Growth (YoY) | 8.43% | 5.25% |
| Revenue Growth (3Y CAGR) | 5.09% | 5.09% |
| EPS Growth (YoY) | -- | -- |
| EPS Growth (3Y CAGR) | -- | -- |
Financial Strength
Current Ratio (MRQ)
W. P. Carey (WPC) has current ratio of 1.64, in the healthier middle range for its industry. The short-term asset cushion looks balanced relative to peers rather than stretched thin.
WPC
Equity Real Estate Investment Trusts (REITs) industry group
1.64
Group distribution
- Max
- 4.19
- Q3
- 2.11
- WPC
- 1.64
- Median
- 1.31
- Q1
- 0.62
- Min
- 0.06
Largest peers
- WELL
- 1.66
- WPC
- 1.64
- EQIX
- 1.04
- PLD
- 0.73
- DLR
- 0.58
- SPG
- 0.39
- AMT
- 0.35
Debt / Equity (MRQ)
W. P. Carey (WPC) has debt-to-equity ratio of 1.00, roughly in line with the peer group’s normal leverage range. Its mix of debt and equity looks typical for the industry.
WPC
Equity Real Estate Investment Trusts (REITs) industry group
1.00
Group distribution
- Max
- 2.72
- Q3
- 1.59
- WPC
- 1.00
- Median
- 0.99
- Q1
- 0.72
- Min
- 0.20
Largest peers
- SPG
- 5.67
- AMT
- 4.64
- EQIX
- 1.81
- WPC
- 1.00
- DLR
- 0.69
- PLD
- 0.62
- WELL
- 0.42
Financial Strength Metrics
| Metric | Current stock: WPC | Industry group median |
|---|---|---|
| Current Ratio (MRQ) | 1.64 | 1.31 |
| Debt / Equity (MRQ) | 1.00 | 0.99 |
| Net Debt / EBITDA | 5.52 | 5.82 |
Dividends
Dividend Yield (TTM)
W. P. Carey (WPC) has dividend yield of 5.73%, in the industry’s normal income range. It provides a meaningful dividend without the red flag of an unusually high headline yield.
WPC
Equity Real Estate Investment Trusts (REITs) industry group
5.73%
Group distribution
- Max
- 8.62%
- Q3
- 5.95%
- WPC
- 5.73%
- Median
- 4.34%
- Q1
- 3.26%
- Min
- 0.00%
Largest peers
- WPC
- 5.73%
- AMT
- 3.64%
- PLD
- 3.28%
- DLR
- 2.79%
- EQIX
- 2.02%
- WELL
- 1.30%
- SPG
- 0.97%
Dividend Payout Ratio (TTM)
payout ratio is not assessed for W. P. Carey (WPC) in Equity Real Estate Investment Trusts (REITs): distributions in this industry are better read against FFO or cash-flow measures than accounting earnings.
Dividend Metrics
| Metric | Current stock: WPC | Industry group median |
|---|---|---|
| Dividend Yield (TTM) | 5.73% | 4.34% |
| Dividend Payout Ratio (TTM) | -- | -- |
Valuation
P/E Ratio (TTM)
P/E ratio is not assessed for W. P. Carey (WPC) in Equity Real Estate Investment Trusts (REITs): depreciation can depress accounting earnings in this industry, so price-to-FFO is the more relevant valuation yardstick.
P/S Ratio (TTM)
W. P. Carey (WPC) trades at 8.06 on P/S ratio, in the higher sales-valuation quartile. Investors are paying up for each dollar of revenue, so stronger margins, growth, or revenue quality need to carry that price.
WPC
Equity Real Estate Investment Trusts (REITs) industry group
8.06
Group distribution
- Max
- 14.47
- WPC
- 8.06
- Q3
- 8.02
- Median
- 5.98
- Q1
- 3.27
- Min
- 0.43
Largest peers
- WELL
- 13.03
- PLD
- 12.48
- SPG
- 12.09
- EQIX
- 9.88
- DLR
- 9.47
- WPC
- 8.06
- AMT
- 7.95
P/B Ratio (MRQ)
W. P. Carey (WPC) trades at 1.71 on P/B ratio, roughly in line with the industry’s normal price-to-book range. Its balance sheet is not being priced at a clear discount or premium versus peers.
WPC
Equity Real Estate Investment Trusts (REITs) industry group
1.71
Group distribution
- Max
- 4.06
- Q3
- 2.53
- WPC
- 1.71
- Median
- 1.64
- Q1
- 1.06
- Min
- 0.21
Largest peers
- AMT
- 24.92
- SPG
- 19.38
- EQIX
- 6.90
- WELL
- 3.69
- DLR
- 2.39
- PLD
- 2.16
- WPC
- 1.71
Valuation Metrics
| Metric | Current stock: WPC | Industry group median |
|---|---|---|
| P/E Ratio (TTM) | -- | -- |
| P/S Ratio (TTM) | 8.06 | 5.98 |
| P/B Ratio (MRQ) | 1.71 | 1.64 |
| Free Cash Flow Yield (TTM) | -- | -- |