WPC
W. P. Carey Inc.
WPC's fundamentals are mixed: revenue grew 9%, but its operating margin fell 4 points to 44%. Its PE isn't a useful guide right now because of how its recent earnings were reported.
WPC Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Strong | |
| N/A | |
| N/A |
WPC's profitability is currently strong, and its revenue is stable. Free cash flow and net leverage aren't meaningful measures for real estate companies like WPC.
WPC PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 22x | $62.79 | -3.3% |
| Current | 22x | $64.94 | — |
| Forward | 22x | $64.94 | — |
| Fair | 30x | $86.88 | +34% |
| Expensive | 35x | $103 | +58% |
Historical ranges are pointers, not guarantees.
WPC's PE is 22x, but its earnings don't support one, so it isn't a reliable read right now.
WPC Forward outlook
| Metric | Outlook |
|---|---|
| Stable | |
| Growth | |
| Growth | |
| Stable | |
| Limited | |
| High |
Analysts expect earnings and revenue growth for WPC, with profitability holding steady.
WPC Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $3.01 | +3.9% |
| Q3 2026 | $2.90 | +76% |
| Q2 2026 | $2.93 | +93% |
| Q1 2026 | $2.34 | +21% |
| Q4 2025 | $2.11 | +1% |
| Q3 2025 | $1.65 | -35% |
| Q2 2025 | $1.52 | -41% |
| Q1 2025 | $1.94 | -25% |
| Q4 2024 | $2.09 | -35% |
WPC earned $2.90 per share over the past year, up 76% from the year before. Its recent earnings include one-off gains.
WPC Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $468.3M | +8.6% |
| Q2 2026 | $461.1M | +7% |
| Q1 2026 | $454.5M | +11% |
| Q4 2025 | $444.5M | +9.4% |
| Q3 2025 | $431.3M | +8.5% |
| Q2 2025 | $430.8M | +11% |
| Q1 2025 | $409.9M | +5.1% |
| Q4 2024 | $406.2M | -1.5% |
WPC's revenue has grown year over year for seven quarters in a row: $468M last quarter, up 8.6% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 55% | +7.4 points |
| Q2 2026 | 35% | -16 points |
| Q1 2026 | 44% | -2.8 points |
| Q4 2025 | 40% | -5 points |
| Q3 2025 | 48% | -3.3 points |
| Q2 2025 | 52% | +11 points |
| Q1 2025 | 47% | -1.2 points |
| Q4 2024 | 45% | +14 points |
WPC's operating margin was 55% last quarter, up 7.4 points from the same quarter a year ago, near the top of its range since 2019.
WPC Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $322.2M | +7.2% |
| Q2 2026 | $333.1M | -18% |
| Q1 2026 | $283.2M | +3.7% |
| Q4 2025 | $304.6M | +2.8% |
| Q3 2025 | $300.5M | +7.3% |
| Q2 2025 | $404M | +83% |
| Q1 2025 | $273.2M | -74% |
| Q4 2024 | $296.3M | +14% |
WPC's free cash flow was $1.2B over the past year, down 2.4% from the year before. Free cash flow isn't a meaningful measure for real estate companies like WPC.
WPC Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +2% | +4.5M shares |
| 1 year | +4.8% | +10.6M shares |
| 3 years | +7.6% | +16.4M shares |
| 5 years | +22% | +41.8M shares |
| Available history | +32% | +56.8M shares |
WPC has 232M diluted shares, up 4.8% from a year ago.
WPC Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 6.4x | High |
| Q2 2026 | 6.7x | High |
| Q1 2026 | 6.4x | High |
| Q4 2025 | 6.5x | High |
| Q3 2025 | 6.5x | High |
| Q2 2025 | 6.5x | High |
| Q1 2025 | 6.2x | High |
| Q4 2024 | 6.1x | High |
WPC's net debt is about 6.4 years of its operating earnings (EBITDA), about the same as a year ago. Net leverage isn't a meaningful measure for real estate companies like WPC.
WPC Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 39.5 | Neutral |
| Stochastic | 21.1 | Neutral |
WPC's weekly RSI is 39 (neutral) and its Stochastic is 21 (neutral).
WPC PE vs Real Estate Sector
| Metric | WPC | Sector median | Relative |
|---|---|---|---|
| PE | 22x | 24x | 6.4% below |
| PE % | 22 | 23 | 1 pt below |
WPC is trading at 22x earnings, in line with the Real Estate sector's median of 24x, though its earnings don't support one.
WPC Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $64.6 | 0.5% above |
| 20 week MA | $68.9 | 5.7% below |
| 50 week MA | $70.1 | 7.3% below |
| 100 week MA | $66.4 | 2.2% below |
| 200 week MA | $64.6 | 0.6% above |
WPC's trend is mixed: it's above two of its five weekly moving averages, and 0.6% above its 200-week average.
WPC Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $77.9 | $68.9 | -12% |
| 2021 | $68.9 | $79.1 | +15% |
| 2022 | $79.1 | $78.1 | -1.3% |
| 2023 | $78.1 | $64.8 | -17% |
| 2024 | $64.8 | $54.5 | -16% |
| 2025 | $54.5 | $64.8 | +19% |
| 2026 YTD | $64.8 | $64.9 | +0.2% |
WPC has finished lower in four of the last six years. It's roughly flat so far in 2026.