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

$63.90-0.64(-0.01%)Pre-market

Market Cap

$14.86B

P/E

22.8x

P/S

8.1x

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: 55/100

Strongest: Profitability (21/25); weakest: Cash & Earnings Quality (3/25).

Profitability21/25

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 · 22.8x5y range 14.7x – 41.1x

Currently near its 20-quarter median.

P/S · 8.1x5y 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 8.7% — 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 $14.86B

Metrics at a Glance

as of September 2026

Revenue & Profit

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

TTM Revenue: $1.83B
Q. Revenue: $468.30M
TTM EBITDA: $1.35B
TTM Op. Income: $800.67M
Q. Op. Income: $258.33M
TTM Net Income: $650.96M
Q. Net Income: $140.95M
EPS: N/A
Shares Out.: $230.84M

$1.83B in TTM revenue grew 9.0% YoY, reaching $468.30M last quarter. TTM EBITDA of $1.35B and TTM operating income of $800.67M show growth is flowing through to the bottom line. TTM net income of $650.96M means revenue is converting into profit. Across the last 8 quarters, TTM revenue has risen for 7 consecutive quarters — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

EBITDA Margin: 82.7%
Op. Margin: 55.2%
Net Margin: 30.1%

Op. margin of 55.2% is up 7.4% YoY — cost efficiency is improving. Net margin at 30.1% Over the past year, operating margin is up 15% — an improving trend.

Price Ratios

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

P/E Ratio: 22.8x
P/S Ratio: 8.1x
P/B Ratio: 1.7x

At 22.8x P/E, the stock trades within typical market levels. P/S of 8.1x 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 4 consecutive quarters — an improving trend.

Assets & Liabilities

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

Total Assets: $18.66B
Cash: $143.39M
Long-Term Debt: $8.78B
Book Value: $8.76B
D/E Ratio: 1.0
Debt/EBITDA: 22.7

With $18.66B in assets and $8.78B in long-term debt, D/E is 1.0and book value is $8.76B — moderate leverage. Across the last 8 quarters, debt/equity has fallen for 3 consecutive quarters — an improving trend.

Cash Flow

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

Op. Cash Flow: $322.20M
TTM Free Cash Flow: $-744.60M
FCF Margin: -40.7%
FCF / Net Income: -1.1

TTM FCF of $-744.60M on $322.20M in operating cash flow. The FCF / Net Income ratio of -1.1x means the business consumes cash — it is not yet self-funding. Over the past year, free cash flow is down 133% — an improving trend.