OverviewSuggest Edit

W. P. Carey is a net-lease REIT (real estate investment trust) specializing in sale-leasebacks, build-to-suits, and the acquisition of existing net leases. The company operates in two segments: Real Estate and Investment Management. Its real estate portfolio is comprised primarily of single-tenant industrial, warehouse, office, retail, and self-storage facilities.

TypePublic
Founded1973
HQNew York, NY, US
Websitewpcarey.com
Employee Ratings4
Overall CultureA+

Latest Updates

Employees (est.) (Dec 2020)188(-7%)
Revenue (FY, 2020)$1.2 B(-1%)
Share Price (Nov 2021)$77.7
Cybersecurity ratingAMore
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Key People/Management at W. P. Carey

Jason E. Fox

Jason E. Fox

Chief Executive Officer, President and Board Member
Michael G. Medzigian

Michael G. Medzigian

Chief Executive Officer, Director
Chris Hayes

Chris Hayes

Executive Director
Peter Bates

Peter Bates

Managing Director, Head of North American Asset Management
Richard J. Pinola

Richard J. Pinola

Chairman of the Audit Committee and Director
Charles S. Henry

Charles S. Henry

Chairman of the Audit Committee and Director
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W. P. Carey Office Locations

W. P. Carey has offices in New York, Dallas, Kansas City, Amsterdam and in 1 other location
New York, NY, US (HQ)
50 Rockefeller Plaza
Dallas, TX, US
12221 Merit Dr #1030
Kansas City, MO, US
430 W 7th St, Kansas City
New York, NY, US
395 9th Ave
Amsterdam, NL
Strawinskylaan 741 Tower C, 7th floor
London, GB
17 Duke of York St
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W. P. Carey Financials and Metrics

W. P. Carey Revenue

Embed Graph
View revenue for all periods
W. P. Carey's revenue was reported to be $1.21 b in FY, 2020 which is a 1.9% decrease from the previous period.
USD

Revenue (Q3, 2021)

325.8m

Gross profit (Q3, 2021)

292.9m

Gross profit margin (Q3, 2021), %

89.9%

Net income (Q3, 2021)

138.6m

Market capitalization (12-Nov-2021)

14.4b

Closing stock price (12-Nov-2021)

77.7

Cash (30-Sept-2021)

129.7m

EV

21.0b
W. P. Carey's current market capitalization is $14.4 b.
Annual
USDFY, 2018FY, 2019FY, 2020

Revenue

885.7m1.2b1.2b

Revenue growth, %

4%39%(2%)

Cost of goods sold

92.9m149.7m119.2m

Gross profit

792.8m1.1b1.1b
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021

Revenue

298.3m305.2m318.0m309.0m290.5m302.4m311.2m319.7m325.8m

Cost of goods sold

37.5m38.5m39.3m32.5m29.2m30.5m29.6m29.9m32.9m

Gross profit

260.8m266.7m278.7m276.5m261.3m271.9m281.6m289.8m292.9m

Gross profit Margin, %

87%87%88%89%90%90%90%91%90%
Annual
USDFY, 2018FY, 2019FY, 2020

Net Income

424.3m306.5m466.0m

Depreciation and Amortization

298.2m460.0m456.2m

Cash From Operating Activities

509.2m812.1m801.5m

Purchases of PP&E

(719.5m)(717.7m)(656.3m)
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021

Net Income

68.8m134.9m176.8m66.7m181.9m331.3m51.6m171.9m310.5m

Depreciation and Amortization

115.4m232.1m344.9m119.5m230.2m341.8m114.0m232.1m351.5m

Cash From Operating Activities

142.8m328.2m577.5m179.7m340.1m556.6m188.4m398.7m625.4m

Purchases of PP&E

(164.9m)(289.8m)(351.6m)(197.6m)(265.8m)(350.1m)(150.9m)(837.0m)(1.0b)
USDFY, 2018

EV/CFO

33.3 x

Revenue/Employee

4.3m

Debt/Equity

0.9 x

Debt/Assets

0.4 x

Financial Leverage

2.1 x

P/E Ratio

18.7
Show all financial metrics

W. P. Carey Operating Metrics

FY, 2018Q1, 2019Q2, 2019Q3, 2019FY, 2019Q1, 2020Q2, 2020Q3, 2020FY, 2020Q1, 2021Q2, 2021Q3, 2021

Countries

252525252525252525252525

Hotels

222221111111

Number of Tenants

304310320324345352352351350351356358

Occupancy Rate

9830%9820%9820%9840%9880%9880%9890%9890%9850%9830%9800%9840%
Show all operating metrics

W. P. Carey Revenue Breakdown

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W. P. Carey revenue breakdown by business segment: 97.4% from Real Estate and 2.6% from Other

W. P. Carey Cybersecurity Score

Cybersecurity ratingPremium dataset

A

96/100

SecurityScorecard logo

W. P. Carey Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

40-49

out of 100

CSRHub logo

W. P. Carey Online and Social Media Presence

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W. P. Carey Company Culture

  • Overall Culture

    A+

    97/100

  • CEO Rating

    A+

    100/100

  • Compensation

    A+

    100/100

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W. P. Carey News and Updates

W. P. Carey Inc. Announces Third Quarter 2021 Financial Results

NEW YORK, Oct. 29, 2021 /PRNewswire/ -- W. P. Carey Inc. (NYSE: WPC) (W. P. Carey or the Company), a net lease real estate investment trust, today reported its financial results for the third quarter ended September 30, 2021. Financial Highlights 2021 Third Quarter Net income attributable...

W. P. Carey Inc. to Release Third Quarter 2021 Financial Results on Friday, October 29, 2021

NEW YORK, Oct. 15, 2021 /PRNewswire/ -- W. P. Carey Inc. (NYSE: WPC), a net lease real estate investment trust, announced today that it will release its financial results for the third quarter ended September 30, 2021 before the market opens on Friday, October 29, 2021. The company will...

W. P. Carey Inc. Increases Quarterly Dividend to $1.052 per Share

W. P. Carey Inc. reported today that its Board of Directors increased its quarterly cash dividend to $1.052 per share, equivalent to an annualized dividend rate of $4.21 per share. The dividend is payable on October 15, 2021 to stockholders of record as of September 30, 2021.

W. P. Carey Inc. Announces Closing of Public Offering of Common Stock

W. P. Carey Inc. (the "Company") (NYSE: WPC) announced today the closing of its previously announced underwritten public offering of an aggregate of 5,175,000 shares of common stock (which includes the full exercise of the underwriters' option to purchase additional shares of common stock), offered …

W. P. Carey Inc. Announces Public Offering of Common Stock

W. P. Carey Inc. (the "Company") (NYSE: WPC) announced today the commencement of an underwritten public offering of an aggregate of 4,500,000 shares of common stock, offered on a forward basis in connection with the forward sale agreements described below. The underwriters of the offering have been …

W. P. Carey Inc. Announces Pricing of Public Offering of Common Stock

W. P. Carey Inc. (the "Company") (NYSE: WPC) announced today the pricing of an underwritten public offering of an aggregate of 4,500,000 shares of common stock, offered on a forward basis in connection with the forward sale agreements described below, for gross proceeds of $351 million. The underwri…
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W. P. Carey Blogs

Ryan Heard

Ryan Heard AWoodward@WPCA… Wed, 09/15/2021 - 23:20 Ryan Heard Associate Project Manager (212) 492-8992 RHeard@WPCAREY.COM Ryan Heard joined W. P. Carey’s Asset Management Team as …

Jason Patterson

Jason Patterson AWoodward@WPCA… Sat, 09/11/2021 - 02:31 Jason Patterson Vice President (212) 492-8921 JPatterson@WPCAREY.COM Jason Patterson joined W. P. Carey’s Investments Team …

W. P. Carey Frequently Asked Questions

  • When was W. P. Carey founded?

    W. P. Carey was founded in 1973.

  • Who are W. P. Carey key executives?

    W. P. Carey's key executives are Jason E. Fox, Michael G. Medzigian and Chris Hayes.

  • How many employees does W. P. Carey have?

    W. P. Carey has 188 employees.

  • What is W. P. Carey revenue?

    Latest W. P. Carey annual revenue is $1.2 b.

  • What is W. P. Carey revenue per employee?

    Latest W. P. Carey revenue per employee is $6.4 m.

  • Who are W. P. Carey competitors?

    Competitors of W. P. Carey include Invesco Mortgage Capital, New Residential Investment and Diversified Healthcare Trust.

  • Where is W. P. Carey headquarters?

    W. P. Carey headquarters is located at 50 Rockefeller Plaza, New York.

  • Where are W. P. Carey offices?

    W. P. Carey has offices in New York, Dallas, Kansas City, Amsterdam and in 1 other location.

  • How many offices does W. P. Carey have?

    W. P. Carey has 6 offices.