Last $69.61 USD
Change Today +1.03 / 1.50%
Volume 663.5K
WPC On Other Exchanges
Symbol
Exchange
New York
As of 8:04 PM 03/2/15 All times are local (Market data is delayed by at least 15 minutes).

wp carey inc (WPC) Snapshot

Open
$68.60
Previous Close
$68.58
Day High
$69.72
Day Low
$68.60
52 Week High
01/28/15 - $73.88
52 Week Low
04/14/14 - $59.05
Market Cap
7.3B
Average Volume 10 Days
501.0K
EPS TTM
$2.71
Shares Outstanding
105.2M
EX-Date
12/29/14
P/E TM
25.7x
Dividend
$3.80
Dividend Yield
5.30%
Current Stock Chart for WP CAREY INC (WPC)

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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.

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 Seeks Acquisitions

W. P. Carey Inc. (NYSE:WPC) is looking for acquisitions. W. P. Carey states, "We intend to continue to acquire a diversified portfolio of income-producing commercial real estate properties and other real estate-related assets. We expect to make these investments both domestically and outside of the United States. Portfolio information is provided on a pro rata basis, unless otherwise noted below, to better illustrate the economic impact of our various net-leased jointly-owned investments."

W. P. Carey Inc. Reports Consolidated Financial Results for the Fourth Quarter and Full Year Ended December 31, 2014; Provides Earnings Guidance for the Full Year 2015

W. P. Carey Inc. reported unaudited consolidated financial results for the fourth quarter and full year ended December 31, 2014. For the quarter, revenue was $167,111,000 compared to $82,014,000 a year ago. Income from continuing operations before income taxes and gain on sale of real estate was $34,534,000 compared to $10,949,000 a year ago. Net income attributable to the company was $32,272,000 or $0.30 per diluted share compared to $23,022,000 or $0.33 per diluted share a year ago. Income from continuing operations, net of tax was $31,967,000 compared to $9,756,000 a year ago. FFO was $104,669,000 or $0.99 per diluted share compared to $45,247,000 or $0.65 per diluted share a year ago. AFFO was $125,605,000 or $1.19 per diluted share which was up 5.3% compared to $1.13 for the 2014 third quarter, and compared to $78,113,000 or $1.12 per diluted share a year ago, driven primarily by higher structuring revenue due to increased investment activity on behalf of the managed REITs. For the year, revenue was $643,130,000 compared to $315,965,000 a year ago. Income from continuing operations before income taxes and gain on sale of real estate was $228,779,000 compared to $95,569,000 a year ago. Net income attributable to the company was $239,826,000 or $2.39 per diluted share compared to $98,876,000 or $1.41 per diluted share a year ago. Income from continuing operations, net of tax was $206,329,000 compared to $84,637,000 a year ago. FFO was $455,079,000 or $4.56 per diluted share compared to $193,966,000 or $2.78 per diluted share a year ago. AFFO was $480,466,000 or $4.81 per diluted share compared to $294,151,000 or $4.22 per diluted share a year ago, again, primarily due to the income generated from properties acquired in the company's merger with CPA:16 and partially offset by the subsequent loss of asset management fees from CPA:16. For the 2015 full year, the company affirms that it continues to expect to report AFFO of between $4.76 and $5.02 per diluted share, based on assumed total acquisition volume of between approximately $2.4 billion and $3.1 billion, comprised of approximately $400 million to $600 million for the company's owned real estate portfolio and approximately $2.0 billion to $2.5 billion on behalf of the Managed REITs. The company expects to update its 2015 AFFO guidance in connection with the release of subsequent quarterly earnings.

W. P. Carey Inc. Reports Announces Impairment Charges for the Fourth Quarter Ended December 31, 2014

W. P. Carey Inc. announced impairment charges for the fourth quarter ended December 31, 2014 of $16,776,000 compared to $5,294,000 a year ago.

 

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WPC

Industry Average

Valuation WPC Industry Range
Price/Earnings 33.2x
Price/Sales 8.9x
Price/Book 1.9x
Price/Cash Flow 15.0x
TEV/Sales 3.4x
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