WPC (W.P. Carey) Debt-to-Equity: 1.05 (As of Mar. 2026) — 12% Above Median

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Director of Data and Quant Analytics at GuruFocus
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Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

WPC W.P. Carey Inc WPC
79 GF Score
Price $75.12
GF Value $66.65
Valuation Modestly Overvalued
! 9 Warning Signs
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What is W.P. Carey Debt-to-Equity?

W.P. Carey WPC +4.19% 79 Debt-to-Equity is 1.05 as of Mar. 2026, which is 12% above its 10-year median of 0.94. GuruFocus rates WPC with a GF Score™ of 79/100 and a GF Value™ of $66.65 (Modestly Overvalued). The stock has 9 warning signs investors should review. Among 690 REITs companies, W.P. Carey ranks worse than 70.29% on this metric.

W.P. Carey's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was $0 Mil. W.P. Carey's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was $8,754 Mil. W.P. Carey's Total Stockholders Equity for the quarter that ended in Mar. 2026 was $8,345 Mil. W.P. Carey's debt to equity for the quarter that ended in Mar. 2026 was 1.05.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for W.P. Carey's Debt-to-Equity or its related term are showing as below:

WPC' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.87   Med: 0.94   Max: 1.52
Current: 1.05

During the past 13 years, the highest Debt-to-Equity Ratio of W.P. Carey was 1.52. The lowest was 0.87. And the median was 0.94.

WPC's Debt-to-Equity is ranked worse than
70.29% of 690 companies
in the REITs industry
Industry Median: 0.78 vs WPC: 1.05

W.P. Carey  (NYSE:WPC) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.


Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.


W.P. Carey Debt-to-Equity Related Terms


W.P. Carey Debt-to-Equity Historical Data

* Premium members only.

The historical data trend for W.P. Carey's Debt-to-Equity can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

W.P. Carey Debt-to-Equity Chart

W.P. Carey Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Debt-to-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.90 0.88 0.94 0.95 1.07

W.P. Carey Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Debt-to-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.94 1.05 1.07 1.07 1.05

WPC vs BNL, VICI, GNL: Debt-to-Equity Comparison

For the REIT - Diversified subindustry, W.P. Carey's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


W.P. Carey Debt-to-Equity vs REITs Industry

For the REITs industry and Real Estate sector, W.P. Carey's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where W.P. Carey's Debt-to-Equity falls into.


WPC
79GF Score
W.P. Carey Inc WPC
Debt-to-Equity is just one metric. See GF Score™, valuation, warning signs, and more.
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W.P. Carey Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

W.P. Carey's Debt to Equity Ratio for the fiscal year that ended in Dec. 2025 is calculated as

W.P. Carey's Debt to Equity Ratio for the quarter that ended in Mar. 2026 is calculated as

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Debt-to-Equity →
What does a Debt-to-Equity of 1.05 mean?
W.P. Carey (WPC) has a Debt-to-Equity of 1.05 as of Mar. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on W.P. Carey and its competitors. This is 12% above median its historical median of 0.94. Over the past decade, W.P. Carey's Debt-to-Equity has ranged from 0.87 to 1.52. According to the industry distribution chart, W.P. Carey ranks #485 out of 690 companies in the REITs industry, placing it in the top 70.3%.
Is W.P. Carey's Debt-to-Equity too high?
W.P. Carey's current Debt-to-Equity of 1.05 is 12% above median its 10-year median of 0.94. Over the past 10 years, this metric has ranged from a low of 0.87 to a high of 1.52. The REITs industry median Debt-to-Equity is 0.78. W.P. Carey's value of 1.05 is 34.6% above this industry median. Based on the distribution chart, W.P. Carey ranks #485 out of 690 companies in the REITs industry, which is below the industry midpoint. Overall, W.P. Carey has a GF Score™ of 79/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does W.P. Carey's Debt-to-Equity compare to BNL and VICI?
According to the REITs industry distribution chart, W.P. Carey ranks #485 out of 690 companies for Debt-to-Equity. This places W.P. Carey in the lower half of its industry. The industry median Debt-to-Equity is 0.78. W.P. Carey's value of 1.05 is 34.6% above this benchmark. Historically, W.P. Carey's own Debt-to-Equity has ranged from 0.87 to 1.52 over the past decade. While the company's 10-year median is 0.94 vs. the industry median of 0.78, W.P. Carey has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Debt-to-Equity for a REITs company?
The median Debt-to-Equity among REITs companies is 0.78, based on 690 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-Equity significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. W.P. Carey's current Debt-to-Equity of 1.05 is 34.6% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Debt-to-Equity mean?
A high Debt-to-Equity can signal that a stock is expensive relative to its fundamentals. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on W.P. Carey and its competitors. For the REITs industry, the median Debt-to-Equity is 0.78 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. W.P. Carey's current Debt-to-Equity is 1.05, which is 12% above median its own 10-year median of 0.94. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is W.P. Carey stock overvalued right now?
Based on GuruFocus' analysis, W.P. Carey (WPC) is currently considered Modestly Overvalued. The stock's GF Value™ is $66.65, compared to a current price of $75.12 — trading 12.7% above its estimated fair value. The current Debt-to-Equity is 1.05, which is 12% above median its 10-year median of 0.94 and 34.6% above the REITs industry median of 0.78. W.P. Carey's overall GF Score™ is 79/100 with 9 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-Equity calculated?
Debt-to-Equity is calculated from a company's financial statements. For W.P. Carey (WPC), the current Debt-to-Equity is 1.05 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is W.P. Carey (WPC) Overvalued in 2026?

Based on GuruFocus' analysis, W.P. Carey stock appears to be overvalued. The current stock price of $75.12 is trading 12.7% above its estimated GF Value™ of $66.65. GuruFocus considers W.P. Carey to be Modestly Overvalued.

Key valuation signals for WPC:

  • Debt-to-Equity: 1.05 (12% above median its 10-year median of 0.94)
  • GF Value™: $66.65 vs. price of $75.12 (12.7% above fair value)
  • GF Score™: 79/100 with 9 warning signs
  • Industry Position: 34.6% above the REITs median (#485 of 690)

No single metric tells the full story. See the WPC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


W.P. Carey Business Description

Industry Real EstateREITs
Other Exchanges 0LS8:UKWPY:Germany
Address One Manhattan West, 395 9th Avenue, 58th Floor, New York, NY, USA, 10001
W.P. Carey Inc is a real estate investment trust principally involved in the ownership of properties located in the U.S., Western Europe, and Northern Europe. W.P. Carey organizes its operations into Real Estate and Investment Management segments. The vast majority of the company's income is derived from its Real Estate division in the form of lease revenue from long-term agreements with companies. W.P. Carey's real estate portfolio is comprised of single-tenant office, industrial, warehouse, and retail facilities located around the world. majority of the company's revenue comes from properties in the USA. Its Investment Management unit generates revenue from providing real estate advisory and portfolio management services to other REITs.
79GF Score

Get the complete analysis for WPC

Debt-to-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$75.12
Price
$66.65
GF Value