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 1,424 net lease properties covering approximately 173 million square feet and a portfolio of 89 self-storage operating properties as of December 31, 2023. 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 escalations.
Market Valuation | Analyst price targets range from $54 to $63, with an average of $58.40, reflecting mixed views on WPC's strategic transformation and tenant credit issues |
Growth Potential | Learn about WPC's $500 million investment pipeline and recent debt management activities, positioning the company for potential future growth |
Financial Challenges | Delve into WPC's mixed financial results, including a 10% year-over-year AFFO decline and reduced acquisition guidance, impacting investor confidence |
Strategic Shift | Explore W.P. Carey's exit from the office sector and refocus on industrial and retail properties, aiming to simplify its portfolio and enhance stability |
Metrics to compare | WPC | Sector Sector - Average of metrics from a broad group of related Real Estate sector companies | Relationship RelationshipWPCPeersSector | |
---|---|---|---|---|
P/E Ratio | 22.3x | 18.5x | 7.4x | |
PEG Ratio | −0.73 | −0.68 | 0.01 | |
Price / Book | 1.5x | 0.5x | 0.9x | |
Price / LTM Sales | 7.9x | 3.1x | 4.0x | |
Upside (Analyst Target) | 7.3% | 10.4% | 15.9% | |
Fair Value Upside | Unlock | 5.5% | 0.3% | Unlock |