W. P. Carey Inc.
W. P. Carey Inc. (WPC) is listed on NYSE and classified in REIT - Diversified, part of the Real Estate sector. It is headquartered in New York, United States and has 199 employees. The company is worth $14.7B and trades at 22.1x its earnings of the last twelve months; the median for its sector is 22.1x. Revenue was $1.72B in fiscal 2025, up 8.4% from the year before. Net income was $466.36M. The share price is 16.4% below its 52-week high of $77.22. It pays a dividend yielding 5.89%. 5 of the 38 superinvestors we track held it at the end of Q2 2026. The largest position belongs to Two Sigma (Two Sigma Investments), at $55.14M. In that quarter, 2 of them opened or added to the position and 3 reduced it. No open-market insider trades in it were filed over the last 30 days.
Written from the data on this page: SEC filings (13F, Form 4, annual reports) and market prices.
Year by year, from the annual reports; dividends from the payments themselves.
Bars are year-end balances; lines are what happened during the year.
Major managers that reported this stock in their latest 13F.
▼ -12.9% over 5Y.
today you would have $1,150.39▲ +15.0%
Dividends reinvested, splits accounted for. Past prices say what happened, not what will.
The last 18 closed years, each at that year’s closing price and reported numbers.
| Indicator | Median | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Year-end price | $64.36 | $54.48 | $64.81 | $76.54 | $80.36 | $69.13 | $78.39 | $64.00 | $67.48 | $57.87 | $57.79 | $68.66 | $60.09 | $51.08 | $40.10 | $30.65 | $27.11 | $22.95 |
Seven formulas applied to the reported numbers, each with its assumption next to the result. None of them predicts a price.
Square root of 22.5 × earnings × book value. Blind to intangibles, so it undervalues software and brands.
Earnings growing 0.0% a year plus a 5.9% dividend yield. Growth capped at 25%.
Median P/E of 22.1 among peers in the sector.
Median P/E of 26.5 across this company’s own years on record.
Cash flow growing 5.0% a year for 10 years, discounted at 10%, then 2.5% forever.
This formula has no meaning here — usually a loss, negative cash flow, or a missing input.
Dividend growing 3.0% a year against a 7.9% required return, from the stock’s beta.
Companies of similar size in Real Estate, for comparison. The columns are the same ones above, in the same order.
| Stock | Price | P/E | P/B | Dividend yield | ROE | Market cap |
|---|---|---|---|---|---|---|
| OHIOmega Healthcare Investors Inc | $46.30 | 15.9x | 2.6x | 5.87% | 16.53% | $14.78B |
| MAAMid America Apartment Communities Inc | $121.17 | 34.4x | 2.6x | 5.05% | 7.05% | $14.41B |
| JLLJones Lang Lasalle Inc | $312.55 | 14.7x | 1.9x | 0.00% | 13.52% | $14.38B |
| CSGPCostar Group Inc |
| P/E | 26.5x | 30.5x | 26.1x | 19.7x | 25.6x | 35.9x | 27.1x | 44.9x | 18.7x | 26.8x | 23.7x | 36.6x | 29.3x | 43.5x | 40.7x | 12.0x | 16.8x | 15.9x | 12.0x |
| P/S | 8.2x | 8.2x | 7.5x | 8.1x | 11.1x | 11.7x | 10.2x | 11.2x | 12.3x | 8.7x | 6.7x | 6.6x | 8.0x | 12.4x | 10.1x | 5.3x | 4.7x | 4.8x | 4.0x |
| P/B | 1.8x | 1.7x | 1.4x | 1.6x | 1.8x | 2.1x | 1.8x | 2.0x | 1.6x | 2.3x | 1.9x | 1.8x | 1.9x | 3.2x | 1.8x | 2.4x | 2.0x | 1.7x | 1.5x |
| EPS | $2.11 | $2.09 | $3.28 | $2.99 | $2.24 | $2.55 | $1.75 | $3.42 | $2.51 | $2.44 | $1.58 | $2.34 | $1.38 | $1.25 | $3.35 | $1.82 | $1.70 | $1.91 |
| Dividend yield | 5.87% | 5.62% | 6.41% | 6.17% | 5.43% | 5.12% | 5.91% | 5.17% | 6.26% | 5.82% | 6.65% | 6.49% | 5.26% | 5.70% | 4.68% | 5.34% | 6.48% | 8.29% | 8.34% |
| Payout | 157.01% | 171.63% | 167.00% | 121.87% | 138.99% | 183.96% | 160.19% | 232.33% | 116.97% | 156.24% | 157.79% | 237.70% | 154.18% | 248.23% | 190.78% | 63.89% | 109.03% | 131.95% | 100.26% |
| Profit margin | 29.67% | 27.17% | 29.11% | 40.68% | 40.51% | 30.79% | 37.65% | 24.76% | 46.47% | 32.69% | 28.44% | 18.36% | 26.40% | 20.18% | 17.63% | 44.91% | 28.38% | 30.22% | 33.25% |
| ROE | 6.51% | 5.74% | 5.47% | 8.14% | 6.66% | 5.41% | 6.62% | 4.40% | 6.03% | 8.69% | 8.11% | 5.03% | 6.39% | 5.19% | 3.13% | 20.38% | 11.84% | 11.03% | 12.08% |
Median of the years shown; P/E years above 200x are left out.
The average of the method families that answered, not of the seven numbers: four of the seven start from the same earnings per share.
6 methods answered, across 3 families.
Room for errors in the reported numbers.
-3.7% from the average.
Models, not forecasts, and not investment advice. How each formula works →
| $35.45 |
| 186.6x |
| 1.8x |
| 0.00% |
| 0.89% |
| $14.36B |
| WYWeyerhaeuser Co | $19.82 | 30.5x | 1.5x | 4.24% | 4.97% | $14.28B |
| SUISun Communities Inc | $119.86 | 88.1x | 2.7x | 3.74% | 1.72% | $15.14B |