W. P. Carey is undergoing a strategic transformation, having exited the office sector to focus on industrial and warehouse assets. This repositioning has driven revenue volatility, with 2026Q2 revenue down 20.6% YoY, and has led to a dramatic divergence betwee...
Price trend, volume and key moving averages
Start with the evidence for owning the stock and the risks that can break the thesis.
Revenue declined 20.6% YoY in 2026Q2 to $342.2M, while NOI margin collapsed to 8.8% from 90.6% in the prior quarter, reflecting portfolio repositioning and one-time charges.
W. P. Carey specializes in owning high-quality commercial real estate across North America and Europe, leased to tenants on long-term, net leases. This model provides stable and predictable cash flows, as tenants are responsible for most property operating expenses.
The company has a long-standing reputation for consistent dividend payments, which is a primary driver for many investors in WPC stock. Despite a strategic dividend adjustment after spinning off office properties, W. P. Carey remains focused on maintaining a competitive payout ratio.
W. P. Carey has shown revenue growth, with an increase of 8.20% in 2025 compared to the previous year. The company has provided guidance for continued AFFO growth in 2026, supported by ample liquidity and disciplined capital allocation.
Trailing total returns as of 9/24/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).
Check whether operating performance supports the current valuation.
Recent results and news deserve attention only when they alter the forward view.
| Quarter | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|
Q3 2026Latest Jul 28, 2026 | $1.17+64.6% vs $0.71 | $461M+1.8% vs $453M |
Q2 2026 Apr 28, 2026 | $0.98+61.3% vs $0.61 | $455M+5.5% vs $431M |
Q1 2026 Feb 10, 2026 | $0.85+25.4% vs $0.68 | $445M+6.9% vs $416M |
Q4 2025 Oct 28, 2025 | $0.73+12.5% vs $0.65 | $431M+6.4% vs $405M |
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Essential Properties Realty Trust offers a compelling blend of diversification, income, safety, and growth, with its largest tenant at just 3.1% of base rent. Diversification reduces tenant-specific risk, but quality of tenants, lease coverage, and disciplined capital allocation are critical for durable, repeatable AFFO-per-share growth. Concentrated REITs like PSTL or GLPI may deliver higher yields and faster growth but carry materially higher risk premiums due to tenant or sector concentration.
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Benchmark WPC against direct peers instead of judging its metrics in isolation.
Key metrics vs top competitors for W. P. Carey Inc. (WPC)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $66.49 | $15.15B | 31.51 | 8.89% | 27.17% | 5.63% | 5.37% | |
| $41.33 | $7.86B | 19.97 | 6.55% | 40.35% | 8.7% | — | |
| $26.87 | $5.81B | 20.99 | 24.97% | 40.35% | 6.34% | — | |
| $67.12 | $8.06B | 37.92 | 16.42% | 28.87% | 3.61% | — | |
| $55.61 | $51.86B | 47.53 | 9.07% | 21.81% | 3.25% | — | |
| $23.72 | $26.11B | 9.09 | 4.08% | 67.37% | 9.66% | — |
W. P. Carey Inc. (WPC) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
Verify the primary filings, follow material updates, and answer the remaining questions.
W. P. Carey Inc. (WPC) SEC filings — annual & quarterly reports (10-K, 10-Q)
Jul 28, 2026·SEC
Jul 2, 2026·SEC
Jun 30, 2026·SEC
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W. P. Carey Inc. (WPC) stock FAQ — growth, dividends, profitability & financials explained
W. P. Carey Inc. (WPC) reported $1.90B in revenue for fiscal year 2025. This represents a 1799% increase from $99.9M in 1997.
W. P. Carey Inc. (WPC) grew revenue by 8.9% over the past year. This is steady growth.
Yes, W. P. Carey Inc. (WPC) is profitable, generating $651.5M in net income for fiscal year 2025 (27.2% net margin).
Yes, W. P. Carey Inc. (WPC) pays a dividend with a yield of 5.37%. This makes it attractive for income-focused investors.
W. P. Carey Inc. (WPC) has a return on equity (ROE) of 5.6%. This is below average, suggesting room for improvement.
W. P. Carey Inc. (WPC) generated Funds From Operations (FFO) of $1.19B in the trailing twelve months. FFO is the primary profitability metric for REITs.
W. P. Carey Inc. (WPC) offers a 5.37% dividend yield, which is attractive for income investors. REITs are required to distribute at least 90% of taxable income to shareholders.
