W. P. Carey Inc
Research W. P. Carey Inc (WPC) on Bullrun: valuation model: 7.6% undervalued, market cap USD 14.44B, P/E 21.7, dividend yield 5.8%. Explore financials, valuation history, model signals, and stock context.
Key Metrics
- TickerWPC
- ExchangeNYSE
- CountryUnited States
- SectorReal Estate
- IndustryREIT-Diversified
- CurrencyUSD
- Valuation signal7.6% undervalued
- Market capUSD 14.44B
- P/E21.7
- Dividend yield5.8%
- 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 7.6% undervalued; latest market cap is USD 14.44B; P/E is 21.7; dividend yield is 5.8%.
Peer valuation comparison
Latest P/E is 21.7x versus a Real Estate sector median of 14.08x (54.1% above).
Latest dividend yield is 5.82% versus a Real Estate sector median of 4.76% (22.3% 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 | USD 1.07B | 100.0% | 3.28 | USD 633.86M | USD 8.14B | USD 8.70B |
| FY2022 | USD 1.48B | USD 599.14M | USD 1.00B | 99.8% | 2.99 | USD 168.00M | USD 7.88B | USD 8.99B |
Valuation history
| Year | Snapshot date | Market cap | P/E | Dividend yield | Annual dividend/share |
|---|---|---|---|---|---|
| 2026 | 2026-10-09 | USD 14.44B | 21.7 | 5.9% | 3.74 |
| 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 3.74 USD, yield 5.8%.
| 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 7.6% undervalued.
What is W. P. Carey Inc's market cap?
W. P. Carey Inc's market capitalization is USD 14.44B.
What is W. P. Carey Inc's P/E ratio?
W. P. Carey Inc's price-to-earnings (P/E) ratio is 21.7.
Does W. P. Carey Inc pay a dividend?
W. P. Carey Inc has a dividend yield of 5.8%.
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.