Last $65.80 USD
Change Today -1.35 / -2.01%
Volume 665.6K
WPC On Other Exchanges
Symbol
Exchange
New York
Frankfurt
As of 8:04 PM 09/23/14 All times are local (Market data is delayed by at least 15 minutes).

wp carey inc (WPC) Snapshot

Open
$66.48
Previous Close
$67.15
Day High
$66.63
Day Low
$65.77
52 Week High
09/8/14 - $70.04
52 Week Low
02/3/14 - $55.23
Market Cap
6.5B
Average Volume 10 Days
517.2K
EPS TTM
$2.19
Shares Outstanding
99.4M
EX-Date
09/26/14
P/E TM
30.0x
Dividend
$3.76
Dividend Yield
5.52%
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 Mulls Acquisitions

W. P. Carey Inc. (NYSE:WPC) is seeking acquisitions. W. P. Carey Inc. has filed a Follow-on Equity Offering and intends to use the proceeds for to repay certain indebtedness, including amounts outstanding under its senior unsecured credit facility, to fund potential future acquisitions and for general corporate purposes.

W. P. Carey Inc. Increases Quarterly Dividend Payable on October 15, 2014

W. P. Carey Inc. announced that its Board of Directors increased its quarterly cash dividend 4.4% to $0.94 per share, which equates to an annualized rate of $3.76 per share. Payable on October 15, 2014 to stockholders of record as of September 30, 2014, this marks W. P. Carey's 54(th) consecutive quarterly dividend increase.

W. P. Carey Inc. Acquires $47 Million Bose Office Facility

W. P. Carey Inc. announced that it has acquired a 250,813 square-foot office facility for a total acquisition price of approximately $47 million. The facility is located in Westborough Technology Park outside of Boston and is leased to Bose Corporation (Bose) for a period of 11 years. The seller was Columbia Property Trust. High quality tenant: Bose is a worldwide leader in audio systems for the home, on-the-go, automobiles and public spaces. Core Massachusetts facility: Located approximately eight miles away from the Bose headquarters in Framingham, the facility houses the company's sales operations. Over the last 18 months, Bose has invested in the facility to construct a film production space and sound studio used for Bose's commercial marketing efforts. Well-located, easily accessible asset: The building is a Class A/B office building located in Westborough Technology Park. Strategically located in the northwest quadrant of the U.S. I-495/Route 9 interchange, the building provides excellent access to both Boston and Northeastern and Southeastern Massachusetts.

 

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WPC Competitors

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Industry Analysis

WPC

Industry Average

Valuation WPC Industry Range
Price/Earnings 37.0x
Price/Sales 10.2x
Price/Book 1.8x
Price/Cash Flow 16.7x
TEV/Sales 3.8x
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