W. P. Carey Inc
Research W. P. Carey Inc (WPC) on Bullrun: valuation model: fairly valued, market cap USD 16.35B, P/E 24.6, dividend yield 5.3%. Explore financials, valuation history, model signals, and stock context.
Key Metrics
- TickerWPC
- ExchangeNYSE
- CountryUnited States
- SectorReal Estate
- IndustryREIT-Diversified
- CurrencyUSD
- Valuation signalfairly valued
- Market capUSD 16.35B
- P/E24.6
- Dividend yield5.3%
- Financial periodQ2 2026
- RevenueUSD 461.06M
- Net incomeUSD 185.39M
- Free cash flowUSD 333.13M
- Gross margin90.6%
Valuation Snapshot
Bullrun's latest valuation model marks W. P. Carey Inc as fairly valued; latest market cap is USD 16.35B; P/E is 24.6; dividend yield is 5.3%.
Peer valuation comparison
Latest P/E is 24.58x versus a Real Estate sector median of 14.84x (65.7% above).
Latest dividend yield is 5.26% versus a Real Estate sector median of 4.71% (11.8% above).
Five-year financial history
| Year | Revenue | Net income | Free cash flow | Gross margin | Diluted EPS | Cash | Total debt | Equity |
|---|---|---|---|---|---|---|---|---|
| FY2025 | USD 1.72B | USD 466.36M | USD 1.28B | 89.4% | 2.11 | USD 155.33M | USD 8.72B | USD 8.12B |
| FY2024 | USD 1.58B | USD 460.84M | USD 1.83B | 88.8% | 2.09 | USD 640.37M | USD 8.04B | USD 8.43B |
| FY2023 | USD 1.74B | USD 708.33M | n/a | 100.0% | n/a | USD 633.86M | USD 8.14B | USD 8.70B |
| FY2022 | USD 1.48B | USD 599.14M | n/a | 99.8% | n/a | USD 168.00M | USD 7.88B | USD 8.99B |
Valuation history
| Year | Snapshot date | Market cap | P/E | Dividend yield | Annual dividend/share |
|---|---|---|---|---|---|
| 2026 | 2026-08-25 | USD 16.35B | 24.6 | 5.2% | 3.7 |
| 2025 | 2025-12-31 | USD 14.10B | 30.5 | 5.6% | 3.62 |
| 2024 | 2024-12-31 | USD 11.92B | 26.1 | 6.4% | 3.5 |
| 2023 | 2023-12-29 | USD 14.17B | 17.8 | 6.2% | 4.01 |
| 2022 | 2022-12-30 | USD 15.92B | 30.5 | 5.4% | 4.16 |
| 2021 | 2021-12-31 | USD 15.27B | 36.0 | 5.1% | 4.12 |
Dividend history
Latest trailing dividend snapshot: annual dividend/share 3.7 USD, yield 5.3%.
| Year | Dividends/share |
|---|---|
| FY2025 | 3.62 USD |
| FY2024 | 3.49 USD |
| FY2023 | 4.07 USD |
| FY2022 | 4.24 USD |
About W. P. Carey Inc
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 1,748 net lease properties covering approximately 188 million square feet as of June 30, 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.
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Frequently asked questions
Is W. P. Carey Inc overvalued or undervalued?
Bullrun's valuation model currently marks W. P. Carey Inc as fairly valued.
What is W. P. Carey Inc's market cap?
W. P. Carey Inc's market capitalization is USD 16.35B.
What is W. P. Carey Inc's P/E ratio?
W. P. Carey Inc's price-to-earnings (P/E) ratio is 24.6.
Does W. P. Carey Inc pay a dividend?
W. P. Carey Inc has a dividend yield of 5.3%.
What does W. P. Carey Inc do?
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 1,748 net lease properties covering approximately 188 million square feet as of June 30, 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.