w. p. carey inc. is a leading global net-lease reit that provides long-term sale-leaseback and build-to-suit financing solutions for companies worldwide. at september 30, 2015, the company had an enterprise value of approximately $10.4 billion. in addition to its owned portfolio of diversified global real estate, w. p. carey manages a series of non-traded publicly registered investment programs with assets under management of approximately $10.5 billion. its corporate finance-focused credit and real estate underwriting process is a constant that has been successfully leveraged across a wide variety of industries and property types. furthermore, its portfolio of long-term leases with creditworthy tenants has an established history of generating stable cash flows, enabling it to deliver consistent and rising dividend income to investors for over four decades. visit us: www.wpcarey.com.
Company profile
Ticker
WPC
Exchange
Website
CEO
Jason Fox
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
CAREY DIVERSIFIED LLC, CAREY DIVERSIFIED PROPERTIES LLC, CAREY W P & CO LLC, W P CAREY & CO LLC
SEC CIK
Corporate docs
Subsidiaries
(CA) ADS, LLC • 24 HR TX (TX) Limited Partnership • 24 HR-TX GP (TX) QRS 12-66, Inc. • 25th Street Storage 18 (FL) LLC • 308 Route 38 LLC • 3265 University Parkway Storage 18 (FL) LLC • 500 Jefferson Tower (TX) LLC • 5150 University Parkway Storage 18 (FL) LLC • 601 Jefferson Manager (DE) LLC • 601 Jefferson Tower (TX) LLC ...
IRS number
133912578
WPC stock data
Latest filings (excl ownership)
DEFA14A
Additional proxy soliciting materials
28 Mar 24
DEF 14A
Definitive proxy
28 Mar 24
8-K
W. P. Carey Appoints Rhonda Gass to Board of Directors
18 Mar 24
8-K
Regulation FD Disclosure
27 Feb 24
10-K
2023 FY
Annual report
9 Feb 24
8-K
W. P. Carey Announces Fourth Quarter and Full Year 2023 Financial Results
9 Feb 24
8-K
W. P. Carey Announces 2023 Investment Volume of $1.3 Billion
10 Jan 24
8-K
W. P. Carey Announces Unsecured Revolving Credit Facility Extended and Upsized
18 Dec 23
S-8
Registration of securities for employees
20 Nov 23
8-K/A
Entry into a Material Definitive Agreement
7 Nov 23
Transcripts
WPC
Earnings call transcript
2023 Q4
9 Feb 24
WPC
Earnings call transcript
2023 Q3
3 Nov 23
WPC
Earnings call transcript
2023 Q2
28 Jul 23
WPC
Earnings call transcript
2023 Q1
28 Apr 23
WPC
Earnings call transcript
2022 Q4
10 Feb 23
WPC
Earnings call transcript
2022 Q3
4 Nov 22
WPC
Earnings call transcript
2022 Q2
29 Jul 22
WPC
Earnings call transcript
2022 Q1
29 Apr 22
WPC
Earnings call transcript
2021 Q4
11 Feb 22
WPC
Earnings call transcript
2021 Q3
29 Oct 21
Latest ownership filings
Financial summary
Quarter (USD) | Sep 23 | Jun 23 | Mar 23 | Dec 22 | |
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Diluted EPS |
Annual (USD) | Dec 22 | Dec 21 | Dec 20 | Dec 19 | |
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Revenue | |||||
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Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 213.92 mm | 213.92 mm | 213.92 mm | 213.92 mm | 213.92 mm | 213.92 mm |
Cash burn (monthly) | 24.12 mm | 3.01 mm | (no burn) | (no burn) | (no burn) | (no burn) |
Cash used (since last report) | 144.25 mm | 17.99 mm | n/a | n/a | n/a | n/a |
Cash remaining | 69.67 mm | 195.94 mm | n/a | n/a | n/a | n/a |
Runway (months of cash) | 2.9 | 65.2 | n/a | n/a | n/a | n/a |
Institutional ownership, Q4 2023
53.6% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 625 |
Opened positions | 88 |
Closed positions | 182 |
Increased positions | 191 |
Reduced positions | 250 |
13F shares | Current |
---|---|
Total value | 6.15 tn |
Total shares | 117.13 mm |
Total puts | 340.25 k |
Total calls | 268.20 k |
Total put/call ratio | 1.3 |
Largest owners | Shares | Value |
---|---|---|
Vanguard | 30.78 mm | $2.00 tn |
STT State Street | 12.92 mm | $848.06 bn |
CNS Cohen & Steers | 11.29 mm | $731.80 mm |
JPM JPMorgan Chase & Co. | 4.02 mm | $260.24 bn |
DSECF Daiwa Securities | 3.64 mm | $235.97 mm |
LGEN Legal & General | 3.25 mm | $210.73 bn |
Dimensional Fund Advisors | 3.04 mm | $196.90 bn |
Massachusetts Financial Services | 2.62 mm | $170.03 bn |
BK Bank Of New York Mellon | 2.56 mm | $165.79 bn |
Charles Schwab Investment Management | 2.44 mm | $157.91 bn |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
15 Feb 24 | Brooks G. Gordon | Common Stock | Payment of exercise | Dispose F | No | No | 57.3 | 889 | 50.94 k | 131,127.806 |
15 Feb 24 | Brooks G. Gordon | Common Stock | Payment of exercise | Dispose F | No | No | 57.3 | 851 | 48.76 k | 132,016.806 |
15 Feb 24 | Brooks G. Gordon | Common Stock | Payment of exercise | Dispose F | No | No | 57.3 | 19 | 1.09 k | 132,867.806 |
15 Feb 24 | Brooks G. Gordon | Common Stock | Payment of exercise | Dispose F | No | No | 57.3 | 1,052 | 60.28 k | 132,886.806 |
15 Feb 24 | Brian H Zander | Common Stock | Payment of exercise | Dispose F | No | No | 57.3 | 158 | 9.05 k | 7,980.367 |
15 Feb 24 | Brian H Zander | Common Stock | Payment of exercise | Dispose F | No | No | 57.3 | 109 | 6.25 k | 8,138.367 |
15 Feb 24 | Brian H Zander | Common Stock | Payment of exercise | Dispose F | No | No | 57.3 | 15 | 859.50 | 8,247.367 |
15 Feb 24 | Brian H Zander | Common Stock | Payment of exercise | Dispose F | No | No | 57.3 | 111 | 6.36 k | 8,262.367 |
15 Feb 24 | ToniAnn Sanzone | Common Stock | Payment of exercise | Dispose F | No | No | 57.3 | 16 | 916.80 | 123,729 |
15 Feb 24 | ToniAnn Sanzone | Common Stock | Payment of exercise | Dispose F | No | No | 57.3 | 1,522 | 87.21 k | 123,745 |
News
Barclays Initiates Coverage On W.P. Carey with Equal-Weight Rating, Announces Price Target of $55
27 Mar 24
W. P. Carey Increases Quarterly Dividend From $0.86 To $0.865 Per Share
14 Mar 24
Scotiabank Maintains Sector Perform on W.P. Carey, Lowers Price Target to $60
4 Mar 24
(WPC) - Analyzing W.P. Carey's Short Interest
4 Mar 24
4 REITs Hit By Analyst Downgrades This Week
22 Feb 24
Press releases
W. P. Carey Appoints Rhonda Gass to Board of Directors
18 Mar 24
W. P. Carey Increases Quarterly Dividend to $0.865 per Share
14 Mar 24
W. P. Carey Announces Fourth Quarter and Full Year 2023 Financial Results
9 Feb 24
W. P. Carey Announces Tax Treatment of 2023 Dividends
29 Jan 24
W. P. Carey to Release Fourth Quarter and Full Year 2023 Financial Results on Friday, February 9, 2024
26 Jan 24