W. P. Carey Inc. REIT

Valuation Analysis

About the Company

W. P. Carey Inc. ranks among the largest net lease REITs with a well-diversified portfolio of high-quality, operationally critical commercial real estate. It includes 1,703 net lease properties covering approximately 185 million square feet as of March 31, 2026. 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 Europe, under long-term net leases with built-in rent escalations. W. P. Carey Inc. was incorporated in 1973 in Maryland, USA.

W. P. Carey Inc. REIT Stock at a Glance

W. P. Carey Inc. REIT (WPC) is currently trading at $76.71 with a market capitalization of $17.1B. The trailing P/E ratio stands at 32.78x, with a forward P/E of 22.15x. The 52-week range spans from $61.09 to $76.97; the current price is 0.3% below the yearly high. Year-over-year revenue growth stands at +8.9%. The net profit margin stands at 29.67%.

💰 Dividend

W. P. Carey Inc. REIT pays an annual dividend of $3.76 per share, representing a yield of 4.9%. The payout ratio stands at 156.41%. The elevated payout ratio reflects a mature dividend policy.

📊 Analyst Rating

12 analysts rate W. P. Carey Inc. REIT (WPC) on consensus: Hold. The average price target is $78.00, implying +1.68% from the current price. Analyst price targets range from $73.00 to $86.00.

W. P. Carey Inc. REIT: The Investment Case in Detail

W. P. Carey Inc. REIT (WPC) operates in the Real Estate — specifically REIT - Diversified — and is headquartered in United States. Below is a structured read of the investment case built directly from the latest fundamentals, valuation multiples, analyst positioning and smart-money flows. Each section translates raw numbers into the investment logic they imply, so you can decide whether the risk/reward fits your portfolio.

The Bull Case

Earnings growth of 40.2% is outpacing revenue, a sign of operational leverage — fixed costs are being absorbed across a larger base. With a gross margin near 93.74%, the company sits in the top tier of its industry — these are the kinds of structural margins that protect earnings during downturns. Free cash flow is positive and net margins stand at 29.67%, meaning reported earnings translate into real cash that can fund buybacks, dividends or strategic acquisitions.

The Bear Case

Our valuation screen flags the stock as overvalued — current multiples imply the business needs to deliver well above its recent trajectory to justify the price.

Valuation in Context

The PEG ratio at 1.47 sits in the reasonable zone — the price tag is roughly aligned with the company's growth profile, neither punishing nor euphoric.

What to Watch Next

• The forward P/E of 22.15x is meaningfully below the trailing 32.78x — analysts expect earnings to step up; the next earnings release is the test.
• The share is trading at 98.4% of its 52-week range — a break above the recent high opens technical upside, a failure here often invites profit-taking.

Investment Thesis: Strengths & Weaknesses

Technical Snapshot

Price trades above both the 50- and 200-day moving averages, with 50d above 200d — a classic bullish setup (golden-cross alignment).

Risk Profile

The data points to relatively defensive market behavior, elevated short interest (6.39%), higher leverage relative to equity.

Trading Data

💵 Dividend Info

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