W. P. Carey Inc. (WPC) Stock

W. P. Carey Inc. (WPC) is a Real Estate stock trading at $71.19 (as of 2026-08-21), with a market capitalization of $15.86B and a trailing P/E of 24.4. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

Unable to produce a fact-based description because the company’s SEC 10-K Item 1 “Business” text was not provided for W. P. Carey Inc. and the secondary context cannot be used as a primary source under the stated rules.

Understand W. P. Carey Inc.: how it makes money

W. P. Carey owns and operates commercial real estate under long-term net leases, earning money mainly from lease revenues tied to single-tenant properties with built-in rent escalators.

Profit is driven primarily by collecting contractual lease revenues from a large portfolio of operationally critical, single-tenant properties under long-term net leases with built-in rent escalators.

Revenue by segment (latest quarter)
Lease$0.4B
OpProp$0.1B

Business quality (Strong): The business model centers on diversified, long-duration net lease cash flows, but results still depend on lease performance and property and tenant outcomes.

Valuation: At 32× earnings, WPC trades in line with the Trading average (34×). Note: one-time items can distort reported P/E.

Bull case

  • Long-term net lease structure with built-in rent escalators: Creates recurring revenue visibility tied to contract terms across the portfolio.
  • Diversified single-tenant property portfolio: Spreads exposure across many net lease properties covering multiple property types (industrial, warehouse, office, retail, self-storage).

Bear case

  • Dependence on lease performance: Even with net leases, lease revenue depends on tenant and property-related outcomes over time.
  • Property and market concentration risk: The portfolio is primarily located in the U.S. and Northern and Western Europe, so regional conditions can matter.
Valuation — source: SEC EDGAR (first-party)
Price$71.19
Market Cap$15.86B
P/E Ratio24.4
EV / EBITDA19.9
Price / Book1.83
Price / Sales8.85
DCF Value (model)$103.68
DCF Upside vs Price45.6%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$1.72B
Net Margin27.2%
Revenue Growth (YoY)7.0%
Valuation vs Sector & Industry
Stock P/E24.4
Sector P/E (Real Estate)27.2
Industry P/E (Trading)35.3
vs Sector-10.4%
vs Industry-31.0%
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderBlackRock, Inc. ($2.05B)
Institutional Holders Tracked10
Congressional Trades (recent)4
Company
SectorReal Estate
IndustryTrading
CEOJason E. Fox
Employees203
CountryUS
IPO Date1998-01-21

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WPC earnings history · WPC institutional & insider holders · WPC KPIs & operating metrics · WPC financials · WPC investor presentations & press releases · WPC SEC filings · WPC peers · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-08-21.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.