Last $72.59 USD
Change Today -0.55 / -0.75%
Volume 22.8K
WPC On Other Exchanges
Symbol
Exchange
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As of 9:43 AM 01/30/15 All times are local (Market data is delayed by at least 15 minutes).

wp carey inc (WPC) Snapshot

Open
$73.05
Previous Close
$72.97
Day High
$73.06
Day Low
$72.50
52 Week High
01/28/15 - $73.88
52 Week Low
02/3/14 - $55.23
Market Cap
7.6B
Average Volume 10 Days
378.2K
EPS TTM
$2.18
Shares Outstanding
104.0M
EX-Date
12/29/14
P/E TM
33.5x
Dividend
$3.80
Dividend Yield
5.04%
Current Stock Chart for WP CAREY INC (WPC)

wp carey inc (WPC) Related Businessweek News

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wp carey inc (WPC) Details

W. P. Carey Inc. is an independent equity real estate investment trust. The firm also provides long-term sale-leaseback and build-to-suit financing for companies. It invests in the real estate markets across the globe. The firm primarily invests in commercial properties that are generally triple-net leased to single corporate tenants including office, warehouse, industrial, logistics, retail, hotel, R&D, and self-storage properties. W. P. Carey Inc. was founded in 1973 and is based in New York City with an additional office in Dallas, Texas.

251 Employees
Last Reported Date: 03/3/14
Founded in 1973

wp carey inc (WPC) Top Compensated Officers

Chief Executive Officer, President, Director,...
Total Annual Compensation: $2.6M
Chief Financial Officer and Managing Director
Total Annual Compensation: $1.4M
Chief Operating Officer, Managing Director an...
Total Annual Compensation: $1.7M
Managing Director
Total Annual Compensation: $1.3M
Chief Investment Officer and Managing Directo...
Total Annual Compensation: $625.0K
Compensation as of Fiscal Year 2013.

wp carey inc (WPC) Key Developments

W. P. Carey Inc. Announces Amendment to the Articles of Amendment

The Board of Directors of W. P. Carey Inc. has resolved to opt out of Section 3-803 of the Maryland General Corporation Law (MGCL), which permits directors of the Company to be divided into classes pursuant to Title 3, Subtitle 8 of the MGCL. The Company does not currently have a classified board. Any amendment or repeal of this resolution must be approved in the same manner as an amendment to the Articles of Amendment and Restatement of the Company.

W. P. Carey Inc. Closes $355 Million Acquisition of 73-Property Pendragon Auto Dealership Portfolio

W. P. Carey Inc. announced that it has acquired a portfolio of 73 automotive retail facilities located throughout the UK, net leased to Pendragon plc for a gross purchase price, including fees, of $355 million (230.5 million). Strategically important, geographically diverse portfolio: The 73-property, approximately 1.6 million square foot portfolio represents almost one-third of Pendragon's UK dealership footprint and is widely spread across the UK in key locations, providing a nationwide offering of franchisees. Long-term triple-net leases with built-in rental growth: The triple-net lease portfolio has a weighted average lease term of 15 years and includes annual inflation-based rent escalation.

W. P. Carey Inc. Plans Euro-Denominated Notes Offering

W. P. Carey Inc. announced that on January 14, 2014, that it intends to launch an offering of senior unsecured notes denominated in euros, subject to market and other conditions. The aggregate principal amount and the coupon of the notes will be determined at the time that the notes are sold to investors. The company intends to use the net proceeds from this offering to repay amounts outstanding under its senior unsecured credit facility, to fund potential future acquisitions and for general corporate purposes. J.P. Morgan Securities plc, Barclays Bank PLC and Citigroup Global Markets Ltd. are acting as joint book-running managers for the notes offering.

 

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Industry Analysis

WPC

Industry Average

Valuation WPC Industry Range
Price/Earnings 41.6x
Price/Sales 10.4x
Price/Book 2.0x
Price/Cash Flow 17.4x
TEV/Sales 4.4x
 | 

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