W. P. Carey ranks among the largest net lease REITs with a well-diversified portfolio of high-quality, operationally critical commercial real estate, which includes 1,430 net lease properties covering approximately 172 million square feet and a portfolio of 78 self-storage operating properties as of September 30, 2024. 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 Northern and Western Europe, under long-term net leases with built-in rent.
Portfolio Pivot | Explore W.P. Carey's strategic shift towards industrial and retail properties, now comprising 85% of rental income, and its impact on future growth prospects |
Financial Resilience | Delve into WPC's robust Q4 results, with AFFO per share of $1.21 exceeding expectations, and its promising 2025 guidance signaling continued strength |
Tenant Challenges | Uncover the complexities of WPC's tenant credit issues, including True Value's bankruptcy and increased credit loss reserves, shaping investor sentiment |
Valuation Insights | Analysts' price targets range from $56 to $67, reflecting diverse views on WPC's 11.8x 2025 estimated AFFO multiple versus the sector's 13.7x average |
Metrics to compare | WPC | Sector Sector - Average of metrics from a broad group of related Real Estate sector companies | Relationship RelationshipWPCPeersSector | |
---|---|---|---|---|
P/E Ratio | 29.1x | 18.7x | 8.2x | |
PEG Ratio | −0.80 | 0.06 | 0.01 | |
Price/Book | 1.6x | 0.9x | 0.9x | |
Price / LTM Sales | 8.5x | 3.6x | 3.5x | |
Upside (Analyst Target) | 2.8% | 17.5% | 22.1% | |
Fair Value Upside | Unlock | −4.4% | 3.3% | Unlock |