W. P. Carey Inc. REIT (WPC) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

W. P. Carey Inc. REIT

NYSE•Real Estate•REIT - Diversified

$70.38+0.11(<0.01%)Market closed

Market Cap

$14.97B

P/E

23.0x

P/S

8.4x

P/B

1.7x

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.

How this company scores

AverageMetricSide Score: 52/100

Strongest: Growth (19/25); weakest: Cash & Earnings Quality (3/25).

Profitability18/25

Growth19/25

Balance Sheet & Red Flags12/25

Cash & Earnings Quality3/25

Strengths

Strong marginsRising earningsProfit converts from growthConsistent growth

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 23.0x5y range 14.7x – 41.1x

Currently near its 20-quarter median.

P/S · 8.4x5y range 6.6x – 11.4x

Currently near its 20-quarter median.

P/B · 1.7x5y range 1.2x – 2.1x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

High Risk

Margin Pressure

Watch

Operating margins declined 14.0% — watch for continued compression, which may signal competitive or cost pressure.

Earnings Quality

Red Flag

Free cash flow has been negative in 5 of the last 8 quarters — earnings are not translating to cash.

Price & Volume

Market Cap $14.97B

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $1.79B
Q. Revenue: $461.06M
TTM EBITDA: $1.29B
TTM Op. Income: $748.50M
Q. Op. Income: $163.53M
TTM Net Income: $651.01M
Q. Net Income: $185.39M
EPS: N/A
Shares Out.: $225.97M

$1.79B in TTM revenue grew 9.0% YoY, reaching $461.06M last quarter. TTM EBITDA of $1.29B and TTM operating income of $748.50M show growth is flowing through to the bottom line. TTM net income of $651.01M means revenue is converting into profit. Across the last 8 quarters, TTM revenue has risen for 6 consecutive quarters — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

EBITDA Margin: 64.6%
Op. Margin: 35.5%
Net Margin: 40.2%

Op. margin of 35.5% is down 16.2% YoY — costs are rising relative to revenue. Net margin at 40.2% Over the past year, operating margin is down 31% — a weakening trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 23.0x
P/S Ratio: 8.4x
P/B Ratio: 1.7x

At 23.0x P/E, the stock trades within typical market levels. P/S of 8.4x and P/B of 1.7x provide additional context. Use the growth and margin sections to judge whether the multiple is justified. Across the last 8 quarters, P/E has fallen for 3 consecutive quarters — an improving trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $18.63B
Cash: $163.54M
Long-Term Debt: $8.85B
Book Value: $8.67B
D/E Ratio: 1.0
Debt/EBITDA: 29.7

With $18.63B in assets and $8.85B in long-term debt, D/E is 1.0and book value is $8.67B — moderate leverage. Across the last 8 quarters, debt/equity has fallen for 2 consecutive quarters — an improving trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $333.13M
TTM Free Cash Flow: $-1.10B
FCF Margin: -61.7%
FCF / Net Income: -1.7

TTM FCF of $-1.10B on $333.13M in operating cash flow. The FCF / Net Income ratio of -1.7x means the business consumes cash — it is not yet self-funding. Across the last 8 quarters, free cash flow has fallen for 4 consecutive quarters — a weakening trend.