W. P. Carey Inc.
S&P 500WPC/Real Estate · REIT - Diversified/NYSE
Dividend Yield
5.13%
$3.66 · Annual Dividend
Dividend Safety Rating
WPC's dividend shows some areas that warrant monitoring. Strengths include a 104.7 debt-to-equity & 54.8% operating margin. Areas of concern: 91.9% ffo payout ratio & 2.7x interest coverage. As a REIT, its payout is measured against FFO (funds from operations) rather than net income, since large non-cash depreciation makes the earnings payout ratio misleading.
Based on 14 of 15 metrics
Strengths
- Operating Margin: 54.8%Healthy operating margin provides a wide buffer.
- Gross Margin: 90.5%High gross margin signals strong pricing power.
- Dividend Streak: 11+ yrsLong, uninterrupted dividend track record.
Risks
- 5-Year Dividend CAGR: -2.4%Dividend growth has been weak or negative.
- FFO Payout Ratio: 91.9%FFO leaves little margin to cover the dividend.
- Interest Coverage: 2.7xInterest coverage is thin relative to debt servicing.
Payout & Coverage
CautionBalance Sheet
SafeProfitability
SafeDividend Track Record
SafeAbout W. P. Carey Inc.
W. P. Carey Inc. is a leading real estate investment trust specializing in net lease properties leased to single tenants under triple net (NNN) leases. It owns a large, diversified portfolio of 1,682 high-quality, operationally critical commercial real estate assets totaling 183 million square feet, featuring a 98% occupancy rate and 99.7% of rents with built-in escalations. The company focuses on single-tenant industrial, warehouse, and retail properties primarily in the United States and Europe, serving 371 tenants across various industries. W. P. Carey provides customized capital solutions through sale-leaseback transactions and acquisitions to publicly-traded and privately-held companies, developers, and private equity firms. Its asset management teams in New York, London, Amsterdam, and Dallas proactively manage the portfolio to align with tenants' business needs. Founded in 1973 and headquartered in New York City, W. P. Carey plays a significant role in the net lease sector by delivering stable, long-term income streams backed by essential real estate properties worldwide.
Dividend Overview
Dividend Yield
5.13%
Annual Dividend
$3.66
Frequency
Quarterly
Payout Ratio
156.41%
FCF Payout Ratio
61.93%
52-Week Range
$61.09 - $76.97
Dividend History (2016–2025)
WPC annual dividend per share and yield history
Earnings & Profitability
WPC earnings per share and net profit margin
Key Dates
Next Ex-Dividend Date
June 30, 2026
Next Payment Date
July 15, 2026
Dividend Growth
3-Year Dividend CAGR
-4.49%
5-Year Dividend CAGR
-2.39%
10-Year Dividend CAGR
-0.35%
3-Year Total Growth
-12.87%
5-Year Total Growth
-11.41%
10-Year Total Growth
-3.40%
Income Calculator
Frequently Asked Questions
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This page is not investment advice. The content is for informational purposes only and should not be construed as a recommendation to buy, sell, or hold any security. Always do your own research and consult a qualified financial advisor before making investment decisions.
Financial data, including dividend history, earnings, balance sheet metrics, and the Dividend Safety Rating, is provided for informational purposes only. Data may be delayed or differ from official filings. Past performance does not guarantee future results. Always verify with official sources before making investment decisions.
Market data provided by Twelve Data.