Full history for every metric is available with a Kvantra account
Key financial summary
Financials in USD| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM | 2026E | ||
|---|---|---|---|---|---|---|---|---|---|
| Total revenue | $m | 1,171 | 1,263 | 1,473 | 1,737 | 1,576 | 1,716 | 1,710 | 1,833 |
| Operating profit | $m | 763 | 671 | ||||||
| Net profit | $m | 455 | 410 | 599 | 708 | 461 | 466 | 652 | 684 |
| EPS reported | $ | 2.11 | 2.90 | ||||||
| Operating cashflow per share | $ | 5.82 | 5.38 | ||||||
| Capex per share | $ | 0.87 | 0.57 | ||||||
| FCF per share | $ | 4.95 | 4.81 | ||||||
| Free cash flow | $m | 1,091 | 1,110 | ||||||
| Net debt | $m | 8,567 | 8,640 | ||||||
| Book value equity | $m | 8,118 | 8,765 | ||||||
| Book value per share | $ | 36.72 | 37.83 | ||||||
| Number of shares | m | 221.11 | 231.7 | ||||||
| DPS (TTM paid) | $ | 3.62 | 3.74 |
Financial summary
Financials in USD| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM | 2026E | ||
|---|---|---|---|---|---|---|---|---|---|
| Value | |||||||||
| P/E TTM | x | 30.50 | 22.72 | ||||||
| P/B LTM | x | 1.75 | 1.73 | ||||||
| P/S LTM | x | 8.27 | 8.87 | ||||||
| P/FCF LTM | x | 13.01 | 13.66 | ||||||
| EV/EBITDA LTM | x | 17.07 | 17.00 | ||||||
| EV/Sales LTM | x | 13.26 | 13.92 | ||||||
| Earnings Yield LTM | % | 3.28% | 4.40% | ||||||
| FCF Yield | % | 7.69% | 7.32% | ||||||
| Quality | |||||||||
| ROE | % | 5.74% | 7.69% | ||||||
| ROIC | % | 24.79% | 3.71% | ||||||
| Operating margin | % | 44.45% | 39.23% | ||||||
| Gross margin | % | 28.63% | 57.32% | ||||||
| FCF/Sales | % | 63.57% | 64.92% | ||||||
| Growth and momentum | |||||||||
| EPS Growth YoY | % | +0.96% | +75.76% | ||||||
| Sales Growth YoY | % | +8.89% | -10.13% | ||||||
| Net Income Growth YoY | % | +1.20% | +78.46% | ||||||
| FCF Growth | % | -35.73% | +0.67% | ||||||
| Operating Profit Growth | % | -42.03% | -41.19% | ||||||
| Dividend and capital structure | |||||||||
| Dividend Yield | % | 5.57% | 5.68% | ||||||
| Dividend Growth | % | +3.72% | +4.47% | ||||||
| Payout Ratio | % | 169.34% | 93.99% | ||||||
| FCF/Debt | x | 0.13 | 0.13 | ||||||
| Net Debt/EBITDA | x | 6.42 | 6.17 | ||||||
| EBIT/Net interest | x | 2.62 | 2.14 | ||||||
| Net debt/market cap | % | 60.37% | 56.97% | ||||||
| Net debt/Equity | x | 1.06 | 0.99 | ||||||
| Gross debt/equity | x | 1.07 | 1.00 | ||||||
ETFs that hold W. P. Carey
| Fund | Ticker | Position# | Weight |
|---|---|---|---|
| Northern Trust Global Quality Real Estate ETF | GQRE | 10 | 1.87% |
| Pacer Industrial Real Estate ETF | INDS | 7 | 4.15% |
| ALPS Active REIT ETF | REIT | 8 | 3.95% |
| SRH REIT Covered Call ETF | SRHR | 5 | 5.49% |
Funds with W. P. Carey among their ten largest holdings, largest fund first.
Price target estimates
Based on consensus from external analysts. Not Kvantra's opinion.
Ratings
Based on consensus from external analysts. Not Kvantra's opinion.
ESG
| Metric | 2024 | 2025 | 2026 |
|---|---|---|---|
| ESG-score | |||
| Environmental score | |||
| Social score | |||
| Governance score | |||
| Risk rating |
Company overview
W. P. Carey is recognized as a leading net lease Real Estate Investment Trust (REIT), boasting an enterprise value of approximately $18 billion. As of September 30, 2020, its extensive portfolio comprises 1,215 essential net lease properties, spanning an estimated 142 million square feet of commercial real estate. For nearly five decades, the company has strategically invested in high-quality, single-tenant industrial, warehouse, office, retail, and self-storage assets. These properties are secured by long-term net leases, which incorporate built-in rent increases. The portfolio's primary geographical footprint is in the United States, along with Northern and Western Europe, and it exhibits strong diversification across tenant profiles, property categories, locations, and the industries of its occupants.
Similar companies
For informational purposes only. Kvantra provides data and quantitative analysis, not investment advice. KvantraRank is a mechanical model output. Analyst price targets and ratings are sourced from third parties and are not Kvantra recommendations. Past performance does not guarantee future results; all investments carry risk.
| Fund | Ticker | Position# | Weight |
|---|---|---|---|
| Northern Trust Global Quality Real Estate ETF | GQRE | 10 | 1.87% |
| Pacer Industrial Real Estate ETF | INDS | 7 | 4.15% |
| ALPS Active REIT ETF | REIT | 8 | 3.95% |
| SRH REIT Covered Call ETF | SRHR | 5 | 5.49% |
Funds with W. P. Carey among their ten largest holdings, largest fund first.
Consensus from external analysts. Not Kvantra's opinion.
Based on consensus from external analysts. Not Kvantra's opinion.
W. P. Carey is recognized as a leading net lease Real Estate Investment Trust (REIT), boasting an enterprise value of approximately $18 billion. As of September 30, 2020, its extensive portfolio comprises 1,215 essential net lease properties, spanning an estimated 142 million square feet of commercial real estate. For nearly five decades, the company has strategically invested in high-quality, single-tenant industrial, warehouse, office, retail, and self-storage assets. These properties are secured by long-term net leases, which incorporate built-in rent increases. The portfolio's primary geographical footprint is in the United States, along with Northern and Western Europe, and it exhibits strong diversification across tenant profiles, property categories, locations, and the industries of its occupants.
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