W.P. Carey, Inc. | REIT Profile

Symbol: WPC
CIK: 1025378
Exchange: NYSE
Founded: 1973 (49 years)
HQ: New York, NY, United States
Type of REIT: Equity REIT
Listing Status: Public
Market Capitalization: Large-Cap
REIT Sector: Diversified, Industrial, Self Storage, Office, Retail
Internally Managed REIT

See WPC on Google Finance
See WPC on Yahoo Finance
See WPC on SEC.gov

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About W.P. Carey, Inc.

W. P. Carey Inc. (NYSE: WPC) is a leading, internally-managed net-lease REIT that provides real estate-based financing solutions for companies primarily in the U.S. and Europe. W. P. Carey Inc. is a leading internally-managed net lease REIT that provides long-term sale-leaseback and build-to-suit financing solutions primarily for companies in the US and Europe. In addition to its owned portfolio of diversified global real estate, W. P. Carey manages a series of investment programs. Its corporate finance-focused credit and real estate underwriting process is a constant that has been successfully leveraged across a wide variety of industries and property types. Furthermore, its portfolio of long-term leases with creditworthy tenants has an established history of generating stable cash flows, enabling it to deliver consistent and rising dividend income to investors for over four decades.


W.P. Carey, Inc. Company Logo

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REITMovers


REITMovers tracks the stock price and other indicators for all US REITs tracked by REITNotes during normal trading hours. This data is updated every 3 minutes during normal trading hours. Note: All prices have a 15 minute delay.


Latest Price High Low Open Close Previous Close Volume Change $ Change % Market Cap PE Ratio 52W High 52W Low Ytd Change
$80.96 $81.98 $80.59 $81.10 $81.63 $81.63 388,723 -$0.67 -0.82% $15,616,092,335 29.33 $86.48 $70.24 -0.06%

Last update: 2022-05-19 09:27:47 PST

REITRating™ Trend


REITRating™ is REITNotes' Real Estate Investment Trust industry-specific rating and ranking system. The overall score is out of ten points, with ten being the best score. See score breakdown. The graph below plots the overall REITRating™ score for the last trading days. See complete trend.

Overall REITRating Score: 8.5

Hightlights of Trading Day May 18, 2022


Open Price: $82.74
Closing Price: $81.63
Price Change: -1.26 (-1.52%)
Lowest Price: $81.405
Highest Price: $83.33
52-Week Low: $69.11
52-Week High: $86.48
52-Week Change: 18.48%
5 Day Price Change: 9.07%
1 Month Price Change: -0.31%
3 Month Price Change: 10.36%
6 Month Price Change: 9.07%
YTD Price Change: 2.32%
1 Year Price Change: 18.42%
2 Year Price Change: 70.20%
5 Year Price Change: 76.41%

Dividend of Trading Day May 18, 2022


Dividend Yield: 5.179%*
Annualized Dividend: $4.228*
Dividend Yield (TTM): 4.986%
Annualized Dividend (TTM): $4.1332
Ex-Dividend Date: 2022-03-30
Dividend Frequency: Quarterly

*The forward annualized dividend and dividend yield are based on the most recent dividend value paid by the REIT. The REIT may have already announced their next upcoming dividend value, which may be different from previously paid dividend value. It is recommended to check the REIT's website and dividend announcements for the latest information on upcoming dividends and changes. This graph does not include extraordinary dividend.

Latest News Headlines


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Funds From Operations (FFO)



FFO Amount and Payout Ratio

Below are the FFO amounts, dividends, and payout ratios for the last two quarters for WPC.

Year Quarter Type Amount Dividend Paid Payout Ratio
2021 Q4 FFO $--- $--- ---%
2021 Q4 AFFO $--- $--- ---%
2021 Q3 FFO $--- $--- ---%
2021 Q3 AFFO $--- $--- ---%

REITNotes uses the REIT's Funds From Operation (FFO) per diluted share informed in the REIT’s Quarterly Earning Reports and its announced dividend per diluted share. For some REITs, we also display the Adjusted Funds From Operations (AFFO), Core FFO, Normalized FFO (NFFO), Modified FFO (MFFO), Operating FFO as provided by the REIT. REITNotes™ calculates the payout ratio by dividing the dividend value paid during the current quarter by the FFO declared in the previous Quarter. E.g., we divide the dividend value paid in Q3 by the FFO reported in Q2. This is because although paid in Q3, the dividend value is usually declared during the previous quarter. FFO is a non-GAAP measure recognized by the SEC and provided by the REITs as a supplemental measure of their operating performance. FFO is not meant to be an indicator of the REIT’s capacity to pay current or future dividends nor to be a substitute to the REIT's cash flow from operations. It is recommended to check the REIT's website, Earning Reports and dividend announcements for the latest and updated information.


Funds From Operations (FFO)

Key Stats of Trading Day May 18, 2022


Total Cash: $205,403,000
Current Debt: $772,196,000
Revenue: $1,368,796,000
Gross Profit: $1,368,796,000
Total Revenue: $1,368,796,000
Earnings Before Interest, Taxes & Depreciation Amortization (EBITDA): $1,133,192,000
Revenue Per Share: $7
Revenue Per Employee: $6,709,784
Employee: 188
Debt to Equity Ratio (D/E): 2.02
Profit Margin: 0.38%
Enterprise Value (EV): $22,262,217,211
Enterprise Value to Revenue (EV/R): 16.26
Price to Sales (P/S): 11.46
Price to Book (P/B): 2.04
Price/Earnings-to-Growth (PEG) Ratio: 3.09
P/E Ratio: 29.58
P/E High: 31.40
P/E Low: 22.95
Forward P/E Ratio: 37.06
Market Capitalization: $15,745,326,301
Beta: 0.52
Latest Volume: 939,130
Avg. Total Volume: 1,084,369
Avg. 10-Day Volume: 1,112,234
Avg. 30-Day Volume: 1,084,369
TTM EPS: 2.76
Shares Outstanding: 192,886,516
Float: N/A
50-Day Moving Avg.: $81.58
200-Day Moving Avg.: $78.23

Latest REIT Community Comments on #WPC


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Properties Owned by WPC


WPC Sample Property

Sample of REIT’s Properties. Image Source - REIT’s website

Occupancy Rate



Different REITs may report Occupancy levels in various forms/calculations. Some of the terms used to describe occupancy are Portfolio Occupancy, Weighted Average Occupancy, Ending Occupancy, Economic Occupancy, Leased Occupancy, Physical Occupancy, Pro Forma Occupancy, Same-Property Occupancy, Stabilized Portfolio Occupancy, Comparable Occupancy, Lease Rate, Percent Leased, among others. Some REITs interchange the words Occupancy and Leased while others use them to distinguish between data points. Some REITs also vary the use of the words over time through their earning reports. Therefore the information provided here is our best attempt at collecting data on occupancy/leased trends. However, it may not be accurate or comparable between different REITs.

REIT Simulation


Below is a simulation of how much money you would have made in dividends, and how much the shares would be worth had you purchased them 1 year ago for the amounts below.

With $1,000 USD With $500 USD With $250 USD With $100 USD With $50 USD
Initial investment @ $83.86 per share you would have been able to buy 11 shares of WPC on 2021-05-19 costing $922.46 @ $83.86 per share you would have been able to buy 5 shares of WPC on 2021-05-19 costing $419.30 @ $83.86 per share you would have been able to buy 2 shares of WPC on 2021-05-19 costing $167.72 @ $83.86 per share you would have been able to buy 1 shares of WPC on 2021-05-19 costing $83.86 @ $83.86 per share you would have been able to buy 0 shares of WPC on 2021-05-19 costing $0.00
Current worth On 2022-05-18 these 11 shares would be worth $897.93 @ $81.63 On 2022-05-18 these 5 shares would be worth $408.15 @ $81.63 On 2022-05-18 these 2 shares would be worth $163.26 @ $81.63 On 2022-05-18 these 1 shares would be worth $81.63 @ $81.63 On 2022-05-18 these 0 shares would be worth $0.00 @ $81.63
Dividends earned $46.35 in dividends would have been earned since 2021-05-19 with 11 shares. $21 in dividends would have been earned since 2021-05-19 with 5 shares. $8.43 in dividends would have been earned since 2021-05-19 with 2 shares. $4.21 in dividends would have been earned since 2021-05-19 with 1 shares. $0.00 in dividends would have been earned since 2021-05-19 with 5 shares.
Net (gain / loss)* 21.82 USD 9.92 USD 3.97 USD 1.98 USD 0.00 USD
ROI** 2.37% 2.37% 2.37% 2.37% nan%

*Net (Gains/Loss): Includes the stock price (appreciate or depreciate ) + dividends earned during period held. Stock prices based on closing price for the date. **ROI: Is based on the Net (gain/loss) divided by the initial investment value. Note: Past performance is no guarantee of future results. This is a high-level simulation and does not account for many factors such as inflation and taxes so we cannot guarantee the accuracy of this simulation.

Dividend History


Below are the most recent cash dividends paid by WPC. The percent difference from one dividend payment to the next has also been calculated for your convenience. Dividends flagged as [E] are extraordinary dividend payments.


Symbol Ex Date Cash Amount Change in Dividend Declaration Date Record Date Payment Date
WPC 2022-03-30 1.057 0.19% 2022-03-10 2022-03-31 2022-04-14
WPC 2021-12-30 1.055 0.29% 2021-12-08 2021-12-31 2022-01-14
WPC 2021-09-29 1.052 0.19% 2021-09-16 2021-09-30 2021-10-15
WPC 2021-06-29 1.050 0.19% 2021-06-17 2021-06-30 2021-07-15
WPC 2021-03-30 1.048 0.19% 2021-03-11 2021-03-31 2021-04-15
WPC 2020-12-30 1.046 0.19% 2020-12-09 2020-12-31 2021-01-15
WPC 2020-09-29 1.044 0.19% 2020-09-17 2020-09-30 2020-10-15
WPC 2020-06-29 1.042 0.19% 2020-06-11 2020-06-30 2020-07-15
WPC 2020-03-30 1.040 0.19% 2020-03-12 2020-03-31 2020-04-15
WPC 2019-12-30 1.038 0.19% 2019-12-18 2019-12-31 2020-01-15
WPC 2019-09-27 1.036 0.19% 2019-09-18 2019-09-30 2019-10-15
WPC 2019-06-27 1.034 0.19% 2019-06-13 2019-06-28 2019-07-15
WPC 2019-03-28 1.032 0.19% 2019-03-14 2019-03-29 2019-04-15
WPC 2018-12-28 1.030 0.49% 2018-12-05 2018-12-31 2019-01-15
WPC 2018-09-28 1.025 0.49% 2018-09-19 2018-10-01 2018-10-15
WPC 2018-06-28 1.020 0.49% 2018-06-14 2018-06-29 2018-07-16
WPC 2018-03-28 1.015 0.50% 2018-03-15 2018-03-29 2018-04-16
WPC 2017-12-28 1.010 0.50% 2017-12-06 2017-12-29 2018-01-16
WPC 2017-09-29 1.005 0.50% 2017-09-20 2017-10-02 2017-10-16
WPC 2017-06-28 1.000 0.50% 2017-06-16 2017-06-30 2017-07-14

Earnings Press Releases


Below are the Earnings Press Releases for WPC. To see the complete Earnings Report please visit the sec.gov.

Year Quarter Title
2021 Q4 W. P. Carey Inc. Announces Fourth Quarter and Full Year 2021 Financial Results
2021 Q3 W. P. Carey Inc. Announces Third Quarter 2021 Financial Results
2021 Q2 W. P. Carey Inc. Announces Second Quarter 2021 Financial Results
2021 Q1 W. P. Carey Inc. Announces First Quarter 2021 Financial Results

Financial Statements Overview


The next Earnings Report for WPC is 2022-07-29

Balance Sheet | Quarterly

See Annual Balance Sheet | See Quarterly Balance Sheet

Amounts in USD ($)

Balance Sheet 2021-12-31 2021-09-30 2021-06-30 2021-03-31
Current Cash 165,427,000 129,686,000 164,515,000 229,153,000
Receivables 1,826,000 1,992,000 17,003,000 4,027,000
Inventory 0 0 0 0
Current Assets 167,253,000 131,678,000 181,518,000 248,163,000
Current Assets (Other) 0 0 0 0
Short Term Investments 0 0 0 0
Long-term Investments 15,313,377,000 15,003,456,000 15,050,648,000 14,300,537,000
Property, Plant & Equipment Net 13,029,100,000 12,728,655,000 12,853,882,000 12,221,461,000
Goodwill 901,529,000 903,976,000 907,295,000 905,701,000
Intangible Assets 0 0 0 0
Other Assets 1,017,842,000 997,318,000 931,924,000 903,927,000
Net Tangible Assets 6,680,256,000 6,481,064,000 6,391,806,000 5,983,106,000
Total Assets 15,480,630,000 15,135,134,000 15,232,166,000 14,548,700,000
Accounts Payable 0 0 0 0
Liabilities (Other) 183,286,000 191,128,000 197,067,000 192,029,000
Current Liabilities (Other) 776,705,000 735,285,000 767,373,000 806,869,000
Total Current Liabilities 776,705,000 735,285,000 767,373,000 806,869,000
Current Long-term Debt 0 0 0 0
Long-term Debt 6,791,616,000 6,674,917,000 6,815,847,000 6,520,374,000
Total Liabilities 7,898,845,000 7,750,094,000 7,933,065,000 7,659,893,000
Minority Interest 1,666,000 1,657,000 1,666,000 1,648,000
Common Stock 187,783,034 185,422,639 180,099,370 176,640,861
Retained Earnings -2,224,231,000 -2,121,936,000 -2,063,109,000 -1,988,440,000
Treasury Stock 0 0 0 0
Capital Surplus 0 0 0 0
Shareholder Equity 7,581,785,000 7,385,040,000 7,299,101,000 6,888,807,000

Income Statement | Quarterly

See Annual Income Statement | See Quarterly Income Statement

Amounts in USD ($)

Income Statement 2021-12-31 2021-09-30 2021-06-30 2021-03-31
Total Revenue 374,880,000 325,754,000 319,724,000 311,166,000
Cost of Revenue 0 0 0 0
Gross Profit 374,880,000 325,754,000 319,724,000 311,166,000
Research and Development 0 0 0 0
Selling General and Admin 19,591,000 19,750,000 20,464,000 22,083,000
Operating Expense 209,565,000 166,901,000 173,940,000 167,379,000
Operating Income 165,315,000 158,853,000 145,784,000 143,787,000
Income Expense Net (Other) 0 0 0 0
EBIT 175,048,000 158,853,000 145,784,000 134,054,000
Interest Income 47,208,000 48,731,000 49,252,000 51,640,000
Pretax Income 104,664,000 146,933,000 129,581,000 57,430,000
Income Tax 5,052,000 8,347,000 9,298,000 5,789,000
Minority Interest 50,000 39,000 38,000 7,000
Net Income 99,562,000 138,547,000 120,245,000 51,634,000
Net Income Basic 99,562,000 138,547,000 120,245,000 51,634,000

Cash Flow | Quarterly

See Annual Cash Flow | See Quarterly Cash Flow

Amounts in USD ($)

Cash Flow 2021-12-31 2021-09-30 2021-06-30 2021-03-31
Net Income 99,562,000 138,547,000 120,245,000 51,634,000
Depreciation 139,219,000 119,392,000 118,090,000 114,021,000
Changes in Receivables 1,826,000 1,992,000 17,003,000 4,027,000
Changes in Inventories 0 0 0 0
Cash Change 165,427,000 129,686,000 164,515,000 229,153,000
Cash Flow 301,083,000 226,649,000 210,303,000 188,444,000
Capital Expenditures -25,661,000 -255,385,000 -686,081,000 -150,922,000
Investments 0 0 0 0
Investing Activity (Other) 0 0 0 0
Total Investing Cash Flows -513,461,000 -167,385,000 -809,415,000 -76,466,000
Dividends Paid 0 0 0 0
Net Borrowings 6,626,189,000 6,545,231,000 6,651,332,000 6,291,221,000
Cash Flow Financing 251,183,000 -93,083,000 531,728,000 -132,780,000
Financing Cash Flows (Other) 0 0 0 0
Exchange Rate Effect 0 0 0 0

REITRating™ Scorecard


Rating Dividend Section Avg. Rating
4 Dividend Payment Growth: Analysis of how the REIT’s dividend payments have performed during the last three years. 3.7
10 Dividend Payment Consistency: Analysis of how many periods the REIT’s dividends have been paid consistently without a gap in payment. 6.7
10 Dividend to AFFO Payout Ratio Health: Analysis of the REIT’s Dividend to AFFO Payout Ratios during the last four quarters. 8.7
10 Dividend to AFFO Payout Ratio Trend: Analysis of the REIT’s Dividend to AFFO Payout Ratios trend during the last two years. 7.4
Rating AFFO & Efficiency Section Avg. Rating
10 AFFO Trend: Analysis of the REIT’s AFFO trend during the last two years. 8.5
9 Operating Expense Efficiency: Analysis of the REIT's Operating Expenses to its Revenues. 6.9
10 Operating Expense Efficiency Trend: Analysis of the trend of the REIT's Operating Expenses to its Revenue. 7.5
Rating Leverage Section Avg. Rating
9 Interest Coverage Health: Analysis of the REIT’s Interest Coverage health during the last four quarter. 6.3
7 Interest Coverage Health Trend: Analysis of the REIT’s Interest Coverage health trend during the last two years. 6.5
10 Total Debt Interest Rate Competitiveness: Analysis of the REIT’s Interest Rate to Total Debt competitiveness compared to REIT market. 7.7
9 Total Debt Interest Rate Trend: Analysis of the REIT’s Interest Rate to Total Debt trend during the last two years. 8.4
6 Debt Leverage Health: Analysis of the REIT’s Total Debt to Total Assets. 5.0
9 Debt Leverage Health Trend: Analysis of the REIT’s Total Debt to Total Assets over the last two years. 7.1
Rating Asset & Revenue Section Avg. Rating
9 Revenues Growth: Analysis of how the REIT's Revenue has performed over the last two years. 7.4
9 Total Asset Growth: Analysis of how the REIT has grown its Total Assets over the last two years. 6.6
Rating Properties Section Avg. Rating
9 Occupancy Health Level: Analysis of the REIT’s occupancy health level during the last four quarters. 7.3
9 Occupancy Trend: Analysis of the REIT’s occupancy trend over the last two years. 7.8
7 Tenants: Analysis of the REIT's tenant diversification, operation type, and exposure to risk. 8.0
Rating Market Cap Section Avg. Rating
8 Market Cap Strength: Analysis of the REIT's Market Capitalization performance, preservation and resistance in comparison to market changes. 4.4
8.5 Overall REITRating™ Score (See trend) 6.1

REITRating is REITNote's Real Estate Investment Trust industry-specific rating and ranking system. The REIT’s score for each analysis is out of ten points, with ten being the best score and zero being the worst. A score of zero can be assigned if the REIT does not meet the criteria for that specific analysis. N/A is assigned if insufficient data is available for a particular analysis. Our REITRating logic is continuously improving, so a REIT’s rating and ranking may change over time. Important Note: REITRating is not a predictor of a REIT’s future performance, it is an evaluation of its past results. Additionally, the REITRating system is for informational purposes only and does not represent financial or investment advice or a recommendation of which REITs to acquire. Learn more.

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Last updated: 2022-05-19 - v3.3