W. P. Carey Inc.

Real Estate
Real Estate Investment Trusts
www.wpcarey.com

Earnings Score
Moat Score

Market Cap $12.23B
PE 22
Debt $7.97B
Cash $879.13M
EV $19.33B
FCF $NaN

Earnings

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Sales & Net Margins

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Earnings	$557.84M
EBIT	$595.49M
ROE	6%
ROA	3%
Equity	$8.59B
Growth Stability	96%
PE	21.93
PEG	1.3
PB	1.42
P/S	7.7
Price/Cash	0.07
Debt/Equity	0.93
Net Margins	35%
Op. Margins	37%
Earnings CAGR	15%
Sales Growth YoY	-11%
Sales Growth QoQ	2%
Sales CAGR	9%
FCF CAGR	0%
Equity CAGR	13%
Earnings Stability	0.86
Earnings Growth YoY	-11%

Earnings Growth QoQ	-22%
Earnings CAGR 5Y	17%
Sales CAGR 5Y	9%
Equity CAGR 5Y	7%
Earnings CAGR 3Y	9%
Sales CAGR 3Y	9%
Equity CAGR 3Y	5%
Market Cap	$12.23B
Revenue	$1.59B
Dividend Yield	7%
Payout Ratio	144%
Assets	$17.63B
Total Debt	$7.97B
Cash	$879.13M
Shares Outstanding	218.85M
EV	19.33B
Earnings Score	94%
Moat Score	69%
Shares Growth 3y	7%
Equity Growth QoQ	-1%
Equity Growth YoY	-6%

Assets & ROA

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Stockholders Equity & ROE

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W.P. Carey Inc is a real estate investment trust principally involved in the ownership of properties located in the U.S., Western Europe, and Northern Europe. W.P. Carey organizes its operations into Real Estate and Investment Management segments. The vast majority of the company's income is derived from its Real Estate division in the form of lease revenue from long-term agreements with companies. W.P. Carey's real estate portfolio is primarily comprised of single-tenant office, industrial, warehouse, and retail facilities located around the world. The majority of the company's revenue comes from properties in the U.S. W.P. Carey's Investment Management unit generates revenue from the provision of real estate advisory and portfolio management services to other REITs.

SEC Filings

Direct access to W. P. Carey Inc. (WPC) Annual Reports (10K) and Quarterly Reports (10Q) from the SEC website.

2024
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2023
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2022
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31

Sector Comparison

How does W. P. Carey Inc. compare to its competitors?

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Peter Lynch's Chart

This chart shows the current pricing of W. P. Carey Inc. compared to its past. The addition of the earnings trend line provides further insights into the company's earnings power.

CAGR 15%

Stability 86%

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W. P. Carey Inc. Discounted Cash Flow

Fully customizable DCF calculator online for W. P. Carey Inc..

Years

Calculation mode

	0	1	2	3	4	5	6	7	8	9	10	TV
fcf	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
DCF		$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Value	$0

Competitiveness and MOAT

High margins render the company resilient under dire circumstances, hence able to drive competitors out or acquire them. ROE and ROA measure the average flow generated by each invested dollar. Their marginal value is a forecast of future growth, and it is considered by Buffett and Munger the most important single indicator.

Years	12/2014	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	TTM
Net Margins	26%	18%	28%	33%	46%	25%	38%	31%	40%	41%	35%
ROA	-	2%	2%	3%	3%	2%	3%	3%	3%	4%	3%
ROE	-	5%	8%	8%	6%	4%	7%	5%	7%	8%	6%

Good Net Margins (35.14%)

Net Margins are high enough to offer a good protection on the profits in case of higher costs or higher interests. Furthermore higher margins reduce earnings’ volatility.

Safety and Stability

Being debt the number one cause of investment losses and company death, the ratio Debt/FCF is of utmost importance to guarantee safety. On the other hand the Graham’s stability measures the drawdown of earnings, hence indicating the reliability of the flow generated by the company.

Years	12/2014	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	TTM
Debt over FCF	-	9.5	8.59	8.27	-	-	-	-	-	-	-
Debt over Equity	0.06	1.26	1.3	1.25	0.93	0.87	0.97	0.9	0.87	0.94	0.93
Growth Stability	-	-	-	100%	100%	96%	100%	100%	100%	100%	96%

Neutral Debt/FCF ratio (-)

Net Margins are at a level that is not too high nor too low. They are not a competitive advantage but they are not a competitive disadvantage either.

Good Debt/Equity ratio (0.93)

The company is not overleveraged and has a good balance between equity and debt.

Good Graham’s Stability (96%)

The company has a good stability in its earnings, which is a sign of a good competitive advantage.

Growth

Growth can be dangerous when forecasting, simply projecting the current growth is in general wrong. A company passes through multiple phases, from being young and unprofitable, to the first periods of profitability and high growth, until it arrives at a period of regime with limited growth. Identifying in which phase the company is in may help forecasting.

Years	12/2014	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	CAGR 5Y
Revenue YoY growth	-	4%	0%	-10%	4%	39%	-2%	10%	11%	18%	9%
Earnings YoY growth	-	-28%	55%	4%	49%	-26%	49%	-10%	46%	18%	17%
Equity YoY growth	-	-8%	-4%	-0%	100%	2%	-1%	10%	19%	-3%	7%
FCF YoY growth	-	24%	9%	-0%	-	-	-	-	-	-	-