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Stock Comparison

GNL vs WPC

Revenue, margins, valuation, and 5-year total return — side by side.

Live fundamentals10-year financials5-year price chart
GNL
Global Net Lease, Inc.

REIT - Diversified

Real EstateNYSE • US
Market Cap$1.92B
5Y Perf.-35.0%
WPC
W. P. Carey Inc.

REIT - Diversified

Real EstateNYSE • US
Market Cap$16.19B
5Y Perf.+26.0%

GNL vs WPC — Key Financials

Market cap, revenue, margins, and valuation side-by-side.

Company Snapshot
GNL logoGNL
WPC logoWPC
IndustryREIT - DiversifiedREIT - Diversified
Market Cap$1.92B$16.19B
Revenue (TTM)$472M$1.99B
Net Income (TTM)$-41M$517M
Gross Margin70.5%68.2%
Operating Margin21.4%43.3%
Forward P/E21.2x29.3x
Total Debt$2.58B$8.72B
Cash & Equiv.$180M$155M

GNL vs WPCLong-Term Stock Performance

Price return indexed to 100 at period start. Dividends excluded.

GNL
WPC
StockMay 20May 26Return
Global Net Lease, I… (GNL)10065.0-35.0%
W. P. Carey Inc. (WPC)100126.0+26.0%

Price return only. Dividends and distributions are not included.

Quick Verdict: GNL vs WPC

Each card shows where this stock fits in a portfolio — not just who wins on paper.

Bottom line: WPC leads in 4 of 7 categories, making it the strongest pick for growth and revenue expansion and profitability and margin quality. Global Net Lease, Inc. is the stronger pick specifically for valuation and capital efficiency and dividend income and shareholder returns. As sector peers, any of these can serve as alternatives in the same allocation.
GNL
Global Net Lease, Inc.
The Real Estate Income Play

GNL is the clearest fit if your priority is defensive.

  • Beta 0.30, yield 9.5%, current ratio 0.84x
  • Lower P/E (21.2x vs 29.3x)
  • 9.5% yield, vs WPC's 4.8%
Best for: defensive
WPC
W. P. Carey Inc.
The Real Estate Income Play

WPC carries the broadest edge in this set and is the clearest fit for income & stability and growth exposure.

  • Dividend streak 1 yrs, beta 0.02, yield 4.8%
  • Rev growth 8.9%, EPS growth 1.0%, 3Y rev CAGR 5.2%
  • 83.4% 10Y total return vs GNL's -4.0%
Best for: income & stability and growth exposure
See the full category breakdown
CategoryWinnerWhy
GrowthWPC logoWPC8.9% FFO/revenue growth vs GNL's -38.2%
ValueGNL logoGNLLower P/E (21.2x vs 29.3x)
Quality / MarginsWPC logoWPC26.0% margin vs GNL's -8.7%
Stability / SafetyWPC logoWPCBeta 0.02 vs GNL's 0.30, lower leverage
DividendsGNL logoGNL9.5% yield, vs WPC's 4.8%
Momentum (1Y)GNL logoGNL+30.9% vs WPC's +26.4%
Efficiency (ROA)WPC logoWPC2.9% ROA vs GNL's -0.9%, ROIC 3.5% vs 2.4%

GNL vs WPC — Revenue Breakdown by Segment

How each company's revenue is distributed across its business units

GNLGlobal Net Lease, Inc.
FY 2025
Real Estate Investing
100.0%$495M
WPCW. P. Carey Inc.
FY 2025
Owned Real Estate
99.2%$1.7B
Investment Management
0.5%$9M
Management Service
0.3%$5M

GNL vs WPC — Financial Metrics

Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.

BEST OVERALLWPCLAGGINGGNL

Income & Cash Flow (Last 12 Months)

WPC leads this category, winning 4 of 6 comparable metrics.

WPC is the larger business by revenue, generating $2.0B annually — 4.2x GNL's $472M. WPC is the more profitable business, keeping 26.0% of every revenue dollar as net income compared to GNL's -8.7%. On growth, WPC holds the edge at +10.6% YoY revenue growth, suggesting stronger near-term business momentum.

MetricGNL logoGNLGlobal Net Lease,…WPC logoWPCW. P. Carey Inc.
RevenueTrailing 12 months$472M$2.0B
EBITDAEarnings before interest/tax$282M$1.4B
Net IncomeAfter-tax profit-$41M$517M
Free Cash FlowCash after capex$178M$1.1B
Gross MarginGross profit ÷ Revenue+70.5%+68.2%
Operating MarginEBIT ÷ Revenue+21.4%+43.3%
Net MarginNet income ÷ Revenue-8.7%+26.0%
FCF MarginFCF ÷ Revenue+37.7%+56.8%
Rev. Growth (YoY)Latest quarter vs prior year-17.5%+10.6%
EPS Growth (YoY)Latest quarter vs prior year+90.8%+40.4%
WPC leads this category, winning 4 of 6 comparable metrics.

Valuation Metrics

GNL leads this category, winning 6 of 6 comparable metrics.

On an enterprise value basis, GNL's 12.0x EV/EBITDA is more attractive than WPC's 19.3x.

MetricGNL logoGNLGlobal Net Lease,…WPC logoWPCW. P. Carey Inc.
Market CapShares × price$1.9B$16.2B
Enterprise ValueMkt cap + debt − cash$4.3B$24.8B
Trailing P/EPrice ÷ TTM EPS-9.21x35.00x
Forward P/EPrice ÷ next-FY EPS est.21.21x29.28x
PEG RatioP/E ÷ EPS growth rate
EV / EBITDAEnterprise value multiple12.01x19.28x
Price / SalesMarket cap ÷ Revenue3.86x9.43x
Price / BookPrice ÷ Book value/share1.21x2.01x
Price / FCFMarket cap ÷ FCF10.14x14.84x
GNL leads this category, winning 6 of 6 comparable metrics.

Profitability & Efficiency

WPC leads this category, winning 6 of 8 comparable metrics.

WPC delivers a 6.3% return on equity — every $100 of shareholder capital generates $6 in annual profit, vs $-2 for GNL. WPC carries lower financial leverage with a 1.07x debt-to-equity ratio, signaling a more conservative balance sheet compared to GNL's 1.55x.

MetricGNL logoGNLGlobal Net Lease,…WPC logoWPCW. P. Carey Inc.
ROE (TTM)Return on equity-2.4%+6.3%
ROA (TTM)Return on assets-0.9%+2.9%
ROICReturn on invested capital+2.4%+3.5%
ROCEReturn on capital employed+3.6%+4.6%
Piotroski ScoreFundamental quality 0–955
Debt / EquityFinancial leverage1.55x1.07x
Net DebtTotal debt minus cash$2.4B$8.6B
Cash & Equiv.Liquid assets$180M$155M
Total DebtShort + long-term debt$2.6B$8.7B
Interest CoverageEBIT ÷ Interest expense0.41x2.73x
WPC leads this category, winning 6 of 8 comparable metrics.

Total Returns (Dividends Reinvested)

WPC leads this category, winning 5 of 6 comparable metrics.

A $10,000 investment in WPC five years ago would be worth $12,857 today (with dividends reinvested), compared to $8,150 for GNL. Over the past 12 months, GNL leads with a +30.9% total return vs WPC's +26.4%. The 3-year compound annual growth rate (CAGR) favors WPC at 5.8% vs GNL's 2.7% — a key indicator of consistent wealth creation.

MetricGNL logoGNLGlobal Net Lease,…WPC logoWPCW. P. Carey Inc.
YTD ReturnYear-to-date+6.7%+15.3%
1-Year ReturnPast 12 months+30.9%+26.4%
3-Year ReturnCumulative with dividends+8.2%+18.4%
5-Year ReturnCumulative with dividends-18.5%+28.6%
10-Year ReturnCumulative with dividends-4.0%+83.4%
CAGR (3Y)Annualised 3-year return+2.7%+5.8%
WPC leads this category, winning 5 of 6 comparable metrics.

Risk & Volatility

WPC leads this category, winning 2 of 2 comparable metrics.

WPC is the less volatile stock with a 0.02 beta — it tends to amplify market swings less than GNL's 0.30 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. WPC currently trades 97.6% from its 52-week high vs GNL's 90.0% drawdown — a narrower gap to the peak suggests stronger recent price momentum.

MetricGNL logoGNLGlobal Net Lease,…WPC logoWPCW. P. Carey Inc.
Beta (5Y)Sensitivity to S&P 5000.30x0.02x
52-Week HighHighest price in past year$10.04$75.69
52-Week LowLowest price in past year$6.77$59.34
% of 52W HighCurrent price vs 52-week peak+90.0%+97.6%
RSI (14)Momentum oscillator 0–10037.857.9
Avg Volume (50D)Average daily shares traded1.9M1.1M
WPC leads this category, winning 2 of 2 comparable metrics.

Analyst Outlook

Evenly matched — GNL and WPC each lead in 1 of 2 comparable metrics.

Wall Street rates GNL as "Buy" and WPC as "Hold". Consensus price targets imply 16.3% upside for GNL (target: $11) vs -0.9% for WPC (target: $73). For income investors, GNL offers the higher dividend yield at 9.53% vs WPC's 4.84%.

MetricGNL logoGNLGlobal Net Lease,…WPC logoWPCW. P. Carey Inc.
Analyst RatingConsensus buy/hold/sellBuyHold
Price TargetConsensus 12-month target$10.50$73.20
# AnalystsCovering analysts1620
Dividend YieldAnnual dividend ÷ price+9.5%+4.8%
Dividend StreakConsecutive years of raises01
Dividend / ShareAnnual DPS$0.86$3.57
Buyback YieldShare repurchases ÷ mkt cap+6.4%0.0%
Evenly matched — GNL and WPC each lead in 1 of 2 comparable metrics.
Key Takeaway

WPC leads in 4 of 6 categories (Income & Cash Flow, Profitability & Efficiency). GNL leads in 1 (Valuation Metrics). 1 tied.

Best OverallW. P. Carey Inc. (WPC)Leads 4 of 6 categories
Loading custom metrics...

GNL vs WPC: Frequently Asked Questions

10 questions · data-driven answers · updated daily

01

Is GNL or WPC a better buy right now?

For growth investors, W.

P. Carey Inc. (WPC) is the stronger pick with 8. 9% revenue growth year-over-year, versus -38. 2% for Global Net Lease, Inc. (GNL). W. P. Carey Inc. (WPC) offers the better valuation at 35. 0x trailing P/E (29. 3x forward), making it the more compelling value choice. Analysts rate Global Net Lease, Inc. (GNL) a "Buy" — based on 16 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.

02

Which has the better valuation — GNL or WPC?

On forward P/E, Global Net Lease, Inc.

is actually cheaper at 21. 2x — notably different from the trailing picture, reflecting expected earnings growth.

03

Which is the better long-term investment — GNL or WPC?

Over the past 5 years, W.

P. Carey Inc. (WPC) delivered a total return of +28. 6%, compared to -18. 5% for Global Net Lease, Inc. (GNL). Over 10 years, the gap is even starker: WPC returned +80. 9% versus GNL's -4. 2%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.

04

Which is safer — GNL or WPC?

By beta (market sensitivity over 5 years), W.

P. Carey Inc. (WPC) is the lower-risk stock at 0. 02β versus Global Net Lease, Inc. 's 0. 30β — meaning GNL is approximately 1194% more volatile than WPC relative to the S&P 500. On balance sheet safety, W. P. Carey Inc. (WPC) carries a lower debt/equity ratio of 107% versus 155% for Global Net Lease, Inc. — giving it more financial flexibility in a downturn.

05

Which is growing faster — GNL or WPC?

By revenue growth (latest reported year), W.

P. Carey Inc. (WPC) is pulling ahead at 8. 9% versus -38. 2% for Global Net Lease, Inc. (GNL). On earnings-per-share growth, the picture is similar: W. P. Carey Inc. grew EPS 1. 0% year-over-year, compared to -28. 9% for Global Net Lease, Inc.. Over a 3-year CAGR, GNL leads at 9. 5% annualised revenue growth. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.

06

Which has better profit margins — GNL or WPC?

W.

P. Carey Inc. (WPC) is the more profitable company, earning 27. 2% net margin versus -45. 3% for Global Net Lease, Inc. — meaning it keeps 27. 2% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: WPC leads at 44. 4% versus 33. 8% for GNL. At the gross margin level — before operating expenses — WPC leads at 28. 6%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.

07

Is GNL or WPC more undervalued right now?

On forward earnings alone, Global Net Lease, Inc.

(GNL) trades at 21. 2x forward P/E versus 29. 3x for W. P. Carey Inc. — 8. 1x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for GNL: 16. 3% to $10. 50.

08

Which pays a better dividend — GNL or WPC?

All stocks in this comparison pay dividends.

Global Net Lease, Inc. (GNL) offers the highest yield at 9. 5%, versus 4. 8% for W. P. Carey Inc. (WPC).

09

Is GNL or WPC better for a retirement portfolio?

For long-horizon retirement investors, W.

P. Carey Inc. (WPC) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0. 02), 4. 8% yield). Both have compounded well over 10 years (WPC: +80. 9%, GNL: -4. 2%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.

10

What are the main differences between GNL and WPC?

Both stocks operate in the Real Estate sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both.

These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.

Find Stocks Like These

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Stocks Like

GNL

Income & Dividend Stock

  • Sector: Real Estate
  • Market Cap > $100B
  • Gross Margin > 42%
  • Dividend Yield > 3.8%
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WPC

Dividend Mega-Cap Quality

  • Sector: Real Estate
  • Market Cap > $100B
  • Revenue Growth > 5%
  • Net Margin > 15%
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Beat Both

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Revenue Growth>
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(GNL: -17.5% · WPC: 10.6%)

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