$W.P. Carey Inc (WPC.US)$Mainly engaged in single-tenant off...

逍遥投资派 commented on a stock · Sep 20, 2023 23:45

$W.P. Carey Inc (WPC.US)$Mainly engaged in single-tenant office, industrial, warehouse and other real estate. In the past 5 years, revenue has increased for 4 years except for a 1.9% contraction in 2020, with an average growth rate of 11.8%. Operating profit has continued to grow for 5 years with an average growth rate of 13.5%. Net income has been more fluctuating but growing over the past 5 years.

In the first half of 2023, revenue grew by 27%, operating profit grew by 21%, and net income increased significantly by 54.2% due to gains from asset sales.

Out of the total assets of 19.1 billion, 13.3 billion are in real estate, 2.84 billion in goodwill and intangible assets, and total liabilities are 9.83 billion, of which long-term debt is 8.34 billion and net assets are 9.23 billion.

Currently the PE ratio is 21.5, the TTM PE ratio has dropped to 18, the dividend yield is 6.6%, and overall it is a good choice (⭐️⭐️)

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