W.P. Carey Is Fairly Valued Among Net Lease Peers

  • W.P. Carey has stabilized after a tumultuous period, transforming its portfolio and right-sizing its dividend following challenges from rising rates and tenant bankruptcies. The company now boasts a stronger portfolio focused on industrial assets, improved balance sheet metrics, and resumed modest dividend growth, but still faces ongoing tenant issues. WPC is currently trading at a fair valuation, in line with sector peers, reflecting both its improved fundamentals and lingering operational risks.