An entry written while the outcome is still unknown. It will be scored by what the market does next, and it will never be edited to look cleverer than it was.
In plain words · W.
VERDICT
The label
Distribution
read at $75.61
W. P. Carey Inc holds its Distribution at $75.61.
PHPhase · the trend structure carries the Distribution label
INInsiders · no filings inside 60 days, left as found
POPositioning · no disclosures inside 60 days, left as found
OPOptions · no verdict drawn today, left as found
SCScreen · passes the values gate
edge confirmed
edge broken
edge forming
Each arm is one independent read. Conviction is not a single call, it is how many edges converge.
INVESTOR
The investor read · the season, not the day
As held on the ledger · 2026-07-29
Phase
Distribution · caution
Quantitative state
Consolidating, no directional conviction, held for 462 days
Price
$75.61
Valuation
32.59 trailing · 21.84 forward price to earnings
Values screen
PASS· score 70.0
Beta
0.79
OPPORTUNITY
The opportunity · what the numbers say it is worth
Read at
$75.61
32.59 P/E · 21.84 fwd
Our fair value
$66.70
12% premium
Analyst target (avg)
$78.00
+3% to current
Target low $73.00Analyst target rangeTarget high $85.00
▲ current $75.61 · | average target
Price history & projections · where it has been, where the models see it going
The valuation journey · where the price sits against fair value and the Street
Current
$75.61
you are here
Conservative
$65.70
-13%
Analyst avg
$78.00
+3%
Our fair value
$66.70
-12%
Analyst high
$85.00
+12%
Green marks levels above today's price, red below; the shaded band is the gap between the price and our fair value.
Reading the gap · Both our model and the Street see limited upside at this price.
Revenue growth
8.90%
Profit margin
29.67%
Debt to equity
104.70
Analyst consensus
Buy · 13 covering
Fair value and rating are our own model estimates; target range reflects third-party analyst estimates. Analysis, not advice.
SCREEN
The values screen, explained · five checks, plain English
It depends which standard you follow. There are two widely recognised ways to check whether a company is suitable for a Muslim investor, and on this company they disagree. Here is how it did on each:
The common standard· AAOIFI Used by most halal investing apps✗ DOES NOT PASS
Our stricter standard· asset-based The one Titan applies✓ PASSES
Why the two disagree. They fall out over one thing only: the company’s debt. Our stricter standard measures that debt against what the company owns, and it works out too high to pass. The common standard measures the same debt against what the company is worth on the stock market, where it works out low enough to pass. Every other check, the two agree on. So in practice, most halal apps would treat this as fine to hold, while our stricter view would not — and which line you follow is between you and your scholar.
Business activityIts core business isn't built on prohibited lines — no gambling, alcohol, tobacco, weapons, or interest-based lending.Pass
Debt loadInterest-bearing debt is of its assets, above the one-third ceiling the screen allows. Against market value it is 51.8%, under the 30% line the market-value standard uses — so that standard clears it.Divergent
Interest-bearing cashInterest-bearing cash and securities are of assets, above the one-third limit.Fail
ReceivablesMoney owed to the company is of assets, above the 49% limit.Fail
Revenue purity of revenue comes from non-compliant sources, over the 5% line.Fail
Every security is read against two recognised standards: our stricter asset-based screen (ratios measured against total assets) and the more widely used market-value standard (measured against market capitalisation). Where they agree we say so plainly; where they part ways — almost always on the debt check — we show both readings and mark it, because that disagreement is the finding, not a fault. We report the score; you and your scholar make the call.
PLAIN
The business, in plain words · what the numbers mean
Steady rents from critical sites still overpriced
Picture a landlord who owns warehouses, factories and offices across the country yet never fixes a tap or chases a late cheque. W. P. Carey runs that model at scale with 1,703 net-lease properties and 185 million square feet of space. Revenue is growing 9 percent and margins sit at 30 percent, yet the shares trade at 21.9 times forward earnings while our fair value sits 12 percent lower.
That gap is why we pass. The narrow moat and 6 percent return on equity do not justify paying a premium when the opportunity rating is already none. Analyst targets around 78 dollars reflect optimism, not a margin of safety.
Higher interest rates would lift borrowing costs and compress property values, while the modest profitability leaves little cushion if tenants renegotiate or vacancies rise. Analysis, not advice.
Screened names in the same industry · explore each on its own page.
TRADER
The trader read · the latest dated commentary
The framework reads accumulation. Smart money appears to be quietly building positions. This typically precedes a markup phase. Price has moved down 0.0% since our last review. Ethical screening: PASS with passing ethical screen. The risk-adjusted return profile shows excellent risk-adjusted returns. Our composite framework grades it B, carrying a low risk profile. Technically it is holding around 9% above its long-term trend line with momentum reading neutral. Over the past year the shares are up 26%. Our forward projection puts the odds of a 10% gain over the next month near 12%. The street (12 analysts) rates it buy, with a mean price target of $78. Entered 2026-07-18 · Accumulation
JOURNAL
The dated journal · newest first, never edited
2026-07-18Accumulation$76.71+0.0%Entry 3
The framework reads accumulation. Smart money appears to be quietly building positions. This typically precedes a markup phase. Price has moved down 0.0% since our last review. Ethical screening: PASS with passing ethical screen. The risk-adjusted return profile shows excellent risk-adjusted returns. Our composite framework grades it B, carrying a low risk profile. Technically it is holding around 9% above its long-term trend line with momentum reading neutral. Over the past year the shares are up 26%. Our forward projection puts the odds of a 10% gain over the next month near 12%. The street (12 analysts) rates it buy, with a mean price target of $78.
2026-07-03Accumulation$76.71+0.0%Entry 2
The framework reads accumulation. Smart money appears to be quietly building positions. This typically precedes a markup phase. Price has moved down 0.0% since our last review. Ethical screening: PASS with passing ethical screen (70). The risk-adjusted return profile shows excellent risk-adjusted returns.
2026-07-02Accumulation$76.71Entry 1
The framework reads accumulation. Smart money appears to be quietly building positions. This typically precedes a markup phase. Ethical screening: PASS with passing ethical screen (70). The risk-adjusted return profile shows excellent risk-adjusted returns.
Each entry above was written on its date, before the outcome. A journal you can prune is not a journal.
RETURNS
What holding actually paid · price plus dividends
If $1,000 had been placed · historical, not a promise
Period
Price then
Price return
Divs per share
$1,000 became
Total return
1 month
$74.05
+2.4%
·
$1,024
+2.4%
2 months
$71.62
+5.9%
·
$1,059
+5.9%
3 months
$70.83
+7.1%
$0.93
$1,084
+8.4%
6 months
$63.61
+19.2%
$1.85
$1,221
+22.1%
1 year
$59.97
+26.5%
$3.66
$1,326
+32.6%
2 years
$49.88
+52.0%
$7.18
$1,664
+66.4%
3 years
$57.93
+30.9%
$11.00
$1,499
+49.9%
5 years
$56.45
+34.3%
$19.29
$1,685
+68.5%
Historical returns from market close data. Past performance does not guarantee future results.
SEALED
This entry now belongs to the ledger. Whatever WPC does next, these words stay.
W. P. Carey Inc · WPC · Distribution · $75.61
Recorded 2026-07-29 · before the outcome · scored mechanically