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W.P. Carey (WPC) Financials

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$74.19 +0.10 (+0.13%)
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Annual Income Statements for W.P. Carey

Annual Income Statements for W.P. Carey

This table shows W.P. Carey's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Income / (Loss) Attributable to Common Shareholders		 172 268 277 412 305 455 410 599 708 461 466
Consolidated Net Income / (Loss)		 185 275 285 424 307 466 410 598 708 461 473
Net Income / (Loss) Continuing Operations		 179 275 285 363 315 466 410 598 708 429 473
Total Pre-Tax Income 		216 278 288 377 333 445 439 626 752 492 505
Total Revenue		 938 942 683 826 1,008 1,036 1,122 1,575 1,705 1,445 1,484
Net Interest Income / (Expense)		 0.00 0.00 -166 -178 -233 -210 -197 0.00 0.00 0.00 0.00
Total Interest Income		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Interest Expense		 0.00 0.00 166 178 233 210 197 0.00 0.00 0.00 0.00
Total Non-Interest Income		 938 942 848 1,004 1,242 1,246 1,319 1,575 1,705 1,445 1,484
Net Realized & Unrealized Capital Gains on Investments		 - - - 119 8.92 37 -13 96 -36 -138 -232
Other Non-Interest Income		 833 942 848 886 1,233 1,209 1,332 1,479 1,741 1,583 1,716
Total Non-Interest Expense		 581 622 456 526 731 692 727 867 1,018 852 917
Salaries and Employee Benefits		 22 18 19 87 94 92 107 124 131 140 141
Net Occupancy & Equipment Expense		 52 49 41 43 78 54 58 78 140 121 114
Other Operating Expenses		 197 207 130 59 80 67 66 74 82 56 69
Depreciation Expense		 280 277 253 291 447 443 476 503 574 488 521
Impairment Charge		 30 59 2.77 4.79 33 36 24 39 86 44 70
Other Special Charges		 - - - 41 0.10 0.25 -4.55 19 4.95 4.46 2.25
Nonoperating Income / (Expense), net		 -141 -42 61 78 64 100 43 -111 65 -132 -63
Income Tax Expense		 38 3.29 2.71 14 26 -21 28 28 44 32 32
Net Income / (Loss) Attributable to Noncontrolling Interest		 13 7.06 7.79 13 1.30 11 0.13 -0.66 -0.07 -0.21 6.56
Basic Earnings per Share		 $1.62 $2.50 - $3.50 $1.78 $2.61 $2.25 $3.00 $3.29 $2.09 $2.11
Weighted Average Basic Shares Outstanding		 105.68M 106.74M 107.82M 117.49M 171.00M 174.50M 182.49M 199.63M 215.37M 220.17M 220.50M
Diluted Earnings per Share		 $1.61 $2.49 - $3.49 $1.78 $2.60 $2.24 $2.99 $3.28 $2.09 $2.11
Weighted Average Diluted Shares Outstanding		 106.51M 107.07M 108.04M 117.71M 171.30M 174.84M 183.13M 200.43M 215.76M 220.52M 221.11M
Weighted Average Basic & Diluted Shares Outstanding		 106.30M 107.10M 106.93M - 172.28M 175.40M 190.61M 210.62M 218.67M 218.85M 219.15M
Cash Dividends to Common per Share		 $3.81 $3.90 $3.99 $4.07 $4.13 $4.16 $4.20 $4.23 $5.03 $3.47 $3.58

Quarterly Income Statements for W.P. Carey

This table shows W.P. Carey's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Income / (Loss) Attributable to Common Shareholders		 125 144 159 143 112 47 126 51 141 148 176
Consolidated Net Income / (Loss)		 125 144 159 143 112 47 126 51 141 155 176
Net Income / (Loss) Continuing Operations		 125 125 159 143 112 36 126 51 141 155 176
Total Pre-Tax Income 		130 158 168 149 121 55 137 64 150 153 191
Total Revenue		 449 435 405 429 413 370 368 484 476 71 461
Net Interest Income / (Expense)		 0.00 67 0.00 0.00 0.00 134 0.00 0.00 0.00 - 0.00
Total Interest Income		 0.00 - 0.00 0.00 0.00 - 0.00 0.00 0.00 - 0.00
Total Interest Expense		 0.00 -67 0.00 0.00 0.00 -134 0.00 0.00 0.00 - 0.00
Total Non-Interest Income		 449 367 405 429 413 236 368 484 476 71 461
Net Realized & Unrealized Capital Gains on Investments		 - - 15 39 16 -170 -42 53 44 -373 6.79
Other Non-Interest Income		 447 419 390 390 397 406 410 431 431 445 455
Total Non-Interest Expense		 257 283 203 233 194 222 218 208 225 265 255
Salaries and Employee Benefits		 9.05 79 8.86 8.90 13 57 36 11 11 109 35
Net Occupancy & Equipment Expense		 40 34 30 32 29 29 28 30 30 26 23
Other Operating Expenses		 44 -29 41 38 36 -7.02 17 42 38 -55 20
Depreciation Expense		 145 129 119 137 116 116 130 121 126 145 136
Impairment Charge		 15 - 0.00 16 0.00 - 6.85 4.35 19 40 40
Other Special Charges		 - - - - - - 0.56 - - - 1.18
Nonoperating Income / (Expense), net		 -62 -14 -34 -47 -98 -105 -12 -211 -101 347 -15
Income Tax Expense		 5.09 14 8.67 6.22 9.04 7.77 12 13 8.50 -1.31 15
Net Income / (Loss) Attributable to Noncontrolling Interest		 -0.04 -0.05 -0.14 -0.04 -0.05 0.02 -0.01 0.09 0.23 6.24 0.19
Basic Earnings per Share		 $0.58 $0.65 - - - - $0.57 - - - $0.80
Weighted Average Basic Shares Outstanding		 215.10M 215.37M 220.03M 220.20M 220.22M 220.17M 220.40M 220.57M 220.56M 220.50M 220.62M
Diluted Earnings per Share		 $0.58 $0.64 - - - - $0.57 - - - $0.80
Weighted Average Diluted Shares Outstanding		 215.25M 215.76M 220.13M 220.21M 220.40M 220.52M 220.72M 220.87M 221.09M 221.11M 221.62M
Weighted Average Basic & Diluted Shares Outstanding		 218.67M 218.67M 218.82M 218.85M 218.85M 218.85M 218.98M 218.99M 219.15M 219.15M 222.74M
Cash Dividends to Common per Share		 $1.07 $1.83 $0.87 $0.87 $0.88 $0.86 $0.89 $0.90 $0.91 $0.88 $0.93

Annual Cash Flow Statements for W.P. Carey

This table details how cash moves in and out of W.P. Carey's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Change in Cash & Equivalents		 -41 -27 -1.06 214 -173 60 -94 6.19 468 -1.27 -418
Net Cash From Operating Activities		 509 547 521 509 812 802 926 1,004 1,073 1,833 1,282
Net Cash From Continuing Operating Activities		 509 547 521 509 812 802 926 1,004 1,073 1,833 1,282
Net Income / (Loss) Continuing Operations		 185 275 285 424 307 466 410 598 708 461 473
Consolidated Net Income / (Loss)		 185 275 285 424 307 466 410 598 708 461 473
Provision For Loan Losses		 8.75 7.06 - 0.00 0.00 22 0.27 -14 29 28 27
Depreciation Expense		 288 280 261 298 460 456 491 520 594 507 538
Amortization Expense		 29 3.32 55 51 85 53 57 43 34 24 5.99
Non-Cash Adjustments to Reconcile Net Income		 32 -26 -31 -182 7.67 -185 -4.76 -128 -263 811 230
Changes in Operating Assets and Liabilities, net		 -34 7.60 -50 -82 -47 -11 -27 -15 -29 2.53 8.84
Net Cash From Investing Activities		 -645 -285 214 -266 -523 -540 -1,567 -1,053 -906 -1,134 -960
Net Cash From Continuing Investing Activities		 -645 -285 214 -266 -523 -540 -1,567 -1,053 -906 -1,134 -960
Purchase of Property, Leasehold Improvements and Equipment		 -28 -64 -78 -108 -165 -207 -114 -104 -122 -135 -191
Acquisitions		 - - - - - - - - -21 -57 -46
Purchase of Investment Securities		 -885 -820 -157 -749 -757 -781 -1,673 -1,729 -1,211 -1,399 -2,062
Divestitures		 - 0.00 0.00 114 - 0.00 0.00 331 14 35 48
Sale and/or Maturity of Investments		 56 563 171 17 353 397 158 423 472 439 1,294
Other Investing Activities, net		 212 37 278 29 47 52 62 26 -38 -17 -3.17
Net Cash From Financing Activities		 121 -282 -745 -24 -458 -211 557 58 293 -688 -762
Net Cash From Continuing Financing Activities		 121 -282 -745 -24 -458 -211 557 58 293 -688 -762
Issuance of Debt		 2,090 1,537 1,837 2,587 2,207 1,814 3,386 2,697 3,094 2,955 3,598
Repayment of Debt		 -1,522 -1,452 -2,218 -2,425 -2,466 -1,481 -3,091 -2,306 -2,836 -2,842 -3,555
Payment of Dividends		 -418 -434 -452 -459 -706 -732 -764 -836 -920 -767 -798
Other Financing Activities, Net		 -29 -17 65 -14 -16 189 687 284 955 -34 -7.28
Effect of Exchange Rate Changes		 -26 -7.34 9.51 -4.36 -4.07 9.37 -11 -2.72 7.72 -12 21

Quarterly Cash Flow Statements for W.P. Carey

This table details how cash moves in and out of W.P. Carey's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Change in Cash & Equivalents		 -72 478 412 126 -351 -188 -473 209 -77 -77 15
Net Cash From Operating Activities		 282 261 1,036 221 280 296 273 404 300 305 283
Net Cash From Continuing Operating Activities		 282 261 1,036 221 280 296 273 404 300 305 283
Net Income / (Loss) Continuing Operations		 125 144 159 143 112 47 126 51 141 155 176
Consolidated Net Income / (Loss)		 125 144 159 143 112 47 126 51 141 155 176
Provision For Loan Losses		 -2.48 35 -4.00 -1.09 16 17 12 9.87 4.77 0.22 -0.66
Depreciation Expense		 150 134 123 142 121 121 135 125 129 149 140
Amortization Expense		 7.90 6.26 4.14 5.56 4.52 10 1.28 4.95 4.17 -4.42 -4.76
Non-Cash Adjustments to Reconcile Net Income		 -1.75 -62 768 -32 2.52 72 -3.38 249 12 -27 -25
Changes in Operating Assets and Liabilities, net		 3.84 2.70 -16 -37 25 30 2.65 -36 9.39 33 -3.09
Net Cash From Investing Activities		 113 -113 -237 -150 -49 -698 -174 -368 -215 -203 -463
Net Cash From Continuing Investing Activities		 113 -113 -237 -150 -49 -698 -174 -368 -215 -203 -463
Purchase of Property, Leasehold Improvements and Equipment		 -28 -31 - -28 -24 -64 -27 - - - -33
Acquisitions		 -1.57 - -27 -1.90 -7.42 - -6.70 -9.95 -18 -11 -48
Purchase of Investment Securities		 -26 -305 -297 -258 -133 -746 -275 -566 -667 -526 -530
Divestitures		 5.72 -12 4.50 4.22 9.54 -18 17 15 5.36 10 10
Sale and/or Maturity of Investments		 171 245 85 138 106 94 119 196 461 519 137
Other Investing Activities, net		 -8.07 -17 -1.84 -4.96 - - -1.17 -2.00 3.17 -3.17 0.00
Net Cash From Financing Activities		 -465 322 -379 61 -596 226 -581 161 -162 -179 211
Net Cash From Continuing Financing Activities		 -465 322 -379 61 -596 226 -581 161 -162 -179 211
Issuance of Debt		 397 330 638 1,329 270 718 677 875 1,260 785 2,315
Issuance of Common Equity		 - -250 - - - - 0.00 - - - 247
Repayment of Debt		 -612 -509 -810 -1,067 -670 -296 -1,056 -528 -1,215 -756 -2,133
Payment of Dividends		 -233 -231 -190 -191 -192 -195 -195 -196 -199 -208 -205
Other Financing Activities, Net		 -18 981 -17 -11 -4.45 -1.80 -7.57 10 -8.58 -1.46 -12
Effect of Exchange Rate Changes		 -2.87 8.68 -7.49 -6.23 15 -13 8.78 12 0.17 0.71 -16

Annual Balance Sheets for W.P. Carey

This table presents W.P. Carey's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Total Assets		 8,742 8,454 8,231 14,183 14,061 14,708 15,481 18,102 17,977 17,535 17,990
Cash and Due from Banks		 157 155 162 218 196 249 165 168 634 640 155
Trading Account Securities		 275 299 341 329 324 283 357 328 354 301 310
Loans and Leases, Net of Allowance		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Premises and Equipment, Net		 4,928 4,267 4,128 7,687 7,820 8,450 8,986 11,166 10,346 10,819 11,159
Goodwill		 682 636 644 921 935 911 902 1,037 978 968 987
Intangible Assets		 1,378 1,805 1,854 2,935 3,096 3,182 3,229 3,494 3,016 2,963 3,135
Other Assets		 1,259 992 996 2,018 1,632 1,607 1,840 1,910 2,649 1,843 2,244
Total Liabilities & Shareholders' Equity		 8,742 8,454 8,231 14,183 14,061 14,708 15,481 18,102 17,977 17,535 17,990
Total Liabilities		 5,166 5,028 4,819 7,353 7,113 7,829 7,897 9,093 9,270 9,101 9,856
Short-Term Debt		 485 677 217 92 201 82 411 276 404 55 435
Other Short-Term Payables		 445 374 373 576 669 - 204 852 808 795 878
Long-Term Debt		 3,995 3,764 4,048 6,287 5,853 6,614 6,381 7,601 7,740 7,984 8,287
Other Long-Term Liabilities		 240 213 181 398 390 1,133 902 364 318 267 256
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 3,561 3,425 3,411 6,830 6,948 6,878 7,583 9,009 8,707 8,434 8,134
Total Preferred & Common Equity		 3,427 3,302 3,192 6,824 6,942 6,877 7,582 8,994 8,700 8,430 8,118
Preferred Stock		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity		 3,427 3,302 3,192 6,824 6,942 6,877 7,582 8,994 8,700 8,430 8,118
Common Stock		 4,282 4,400 4,434 8,188 8,718 8,926 9,978 11,707 11,785 11,805 11,831
Treasury Stock		 56 50 47 36 37 42 50 57 62 79 80
Accumulated Other Comprehensive Income / (Loss)		 -172 -254 -236 -255 -256 -240 -222 -284 -255 -250 -253
Other Equity Adjustments		 -739 -894 -1,052 -1,144 -1,557 -1,851 -2,224 -2,487 -2,891 -3,204 -3,540
Noncontrolling Interest		 134 123 219 5.78 6.24 1.66 1.67 15 6.56 4.43 16

Quarterly Balance Sheets for W.P. Carey

This table presents W.P. Carey's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q1 2023 Q2 2023 Q3 2023 Q1 2024 Q2 2024 Q3 2024 Q1 2025 Q2 2025 Q3 2025 Q1 2026
Period end date 9/30/2022 3/31/2023 6/30/2023 9/30/2023 3/31/2024 6/30/2024 9/30/2024 3/31/2025 6/30/2025 9/30/2025 3/31/2026
Total Assets		 17,775 18,832 19,076 18,630 17,612 17,769 17,632 17,307 17,998 17,985 18,200
Cash and Due from Banks		 186 148 204 136 777 1,086 818 188 245 249 239
Trading Account Securities		 298 341 340 352 356 356 299 305 311 311 309
Loans and Leases, Net of Allowance		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Premises and Equipment, Net		 10,882 11,032 11,520 11,175 10,450 10,484 10,755 10,950 11,130 11,174 11,279
Goodwill		 1,023 1,038 1,037 1,034 974 973 979 974 986 987 984
Intangible Assets		 3,419 3,420 3,555 3,467 2,972 2,933 2,970 3,011 3,087 3,077 3,125
Other Assets		 1,966 2,853 2,420 2,466 2,083 1,937 1,809 1,880 2,239 2,187 2,263
Total Liabilities & Shareholders' Equity		 17,775 18,832 19,076 18,630 17,612 17,769 17,632 17,307 17,998 17,985 18,200
Total Liabilities		 8,961 9,513 9,829 9,485 8,932 9,130 9,046 8,940 9,773 9,813 9,839
Short-Term Debt		 463 669 529 517 292 15 230 205 661 355 62
Other Short-Term Payables		 - 911 876 872 769 743 786 805 857 852 836
Long-Term Debt		 7,321 7,589 8,087 7,771 7,582 8,087 7,743 7,661 7,975 8,330 8,692
Other Long-Term Liabilities		 1,178 344 337 325 290 284 286 269 280 276 250
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 8,814 9,319 9,247 9,145 8,679 8,639 8,586 8,367 8,225 8,172 8,361
Total Preferred & Common Equity		 8,799 9,302 9,231 9,134 8,673 8,633 8,579 8,362 8,212 8,156 8,345
Preferred Stock		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity		 8,799 9,302 9,231 9,134 8,673 8,633 8,579 8,362 8,212 8,156 8,345
Common Stock		 11,511 11,949 11,959 11,971 11,773 11,782 11,796 11,793 11,804 11,822 12,060
Treasury Stock		 57 62 62 62 78 78 78 97 97 80 101
Accumulated Other Comprehensive Income / (Loss)		 -298 -285 -280 -282 -253 -253 -238 -251 -265 -262 -241
Other Equity Adjustments		 -2,470 -2,425 -2,511 -2,617 -2,926 -2,975 -3,057 -3,276 -3,424 -3,485 -3,574
Noncontrolling Interest		 15 18 16 11 6.12 6.62 6.49 4.56 13 16 16

Annual Metrics And Ratios for W.P. Carey

This table displays calculated financial ratios and metrics derived from W.P. Carey's official financial filings.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
DEI Shares Outstanding		 - - - - - - - - - - 219,145,024.00
DEI Adjusted Shares Outstanding		 - - - - - - - - - - 219,145,024.00
DEI Earnings Per Adjusted Shares Outstanding		 - - - - - - - - - - 2.16
Growth Metrics		 - - - - - - - - - - -
Profitability Metrics		 - - - - - - - - - - -
Valuation Ratios		 - - - - - - - - - - -
Leverage & Solvency		 - - - - - - - - - - -
Liquidity Ratios		 - - - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - - - -
Efficiency Ratios		 - - - - - - - - - - -
Capital & Investment Metrics		 - - - - - - - - - - -
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $1.62 $2.50 $2.56 $0.00 $1.78 $2.61 $2.25 $3.00 $3.29 $2.09 $2.11
Adjusted Weighted Average Basic Shares Outstanding		 105.68M 106.74M 107.82M 117.49M 171.00M 174.50M 182.49M 199.63M 215.37M 220.17M 220.50M
Adjusted Diluted Earnings per Share		 $1.61 $2.49 $2.56 $0.00 $1.78 $2.60 $2.24 $2.99 $3.28 $2.09 $2.11
Adjusted Weighted Average Diluted Shares Outstanding		 106.51M 107.07M 108.04M 117.71M 171.30M 174.84M 183.13M 200.43M 215.76M 220.52M 221.11M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 104.53M 106.32M 106.93M 0.00 172.28M 175.40M 190.61M 210.62M 218.67M 218.85M 219.15M
Debt Service Ratios		 - - - - - - - - - - -
Payout Ratios		 - - - - - - - - - - -

Quarterly Metrics And Ratios for W.P. Carey

This table displays calculated financial ratios and metrics derived from W.P. Carey's official financial filings.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
DEI Shares Outstanding		 - - - - - - - - - 219,145,024.00 219,145,876.00
DEI Adjusted Shares Outstanding		 - - - - - - - - - 219,145,024.00 219,145,876.00
DEI Earnings Per Adjusted Shares Outstanding		 - - - - - - - - - 0.71 0.81
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 18.46% -25.31% -9.14% -27.84% -8.00% -14.81% 11.94% 12.72% 15.21% - 25.47%
EBITDA Growth		 24.89% -41.73% -11.72% -36.26% -1.74% -4.40% 12.47% 17.91% 11.64% - 19.78%
EBIT Growth		 45.56% -56.31% 8.20% -57.59% 13.75% -2.15% 16.30% 40.45% 14.58% - 38.22%
NOPAT Growth		 50.72% -57.09% 7.87% -53.35% 9.68% -12.73% 12.26% 16.77% 16.83% - 39.43%
Net Income Growth		 19.88% -31.15% -45.97% -1.19% -10.68% -67.39% -20.91% -64.08% 26.49% - 40.28%
EPS Growth		 0.00% 0.00% -48.20% -2.99% 0.00% 0.00% 0.00% 0.00% 0.00% - 40.35%
Operating Cash Flow Growth		 10.45% -13.38% 266.27% -10.73% -0.77% 13.65% -73.62% 82.76% 7.25% - 3.67%
Free Cash Flow Firm Growth		 73.01% 108.96% 138.49% 137.46% 265.29% 167.96% -56.09% -92.36% -105.73% - -251.58%
Invested Capital Growth		 5.04% -0.21% -5.83% -6.28% -5.01% -2.24% -1.93% 0.71% 1.80% - 5.43%
Revenue Q/Q Growth		 -0.92% -3.17% -22.93% -2.42% 26.32% -10.33% 22.52% 6.61% -1.63% - 545.73%
EBITDA Q/Q Growth		 -7.66% -16.50% -11.18% -6.93% 42.35% -18.76% 32.77% 9.26% -5.27% - 793.37%
EBIT Q/Q Growth		 -13.13% -21.12% -12.99% -28.87% 133.00% -32.15% 58.48% 17.07% -8.99% - 206.45%
NOPAT Q/Q Growth		 -10.65% -14.88% -20.31% -23.03% 110.07% -32.26% 57.09% 1.90% 7.75% - 197.46%
Net Income Q/Q Growth		 -13.54% 15.40% 10.29% -10.20% -21.84% -57.87% 167.48% -59.22% 175.23% - 14.19%
EPS Q/Q Growth		 -13.43% 10.34% 12.50% -9.72% 0.00% 0.00% 0.00% 0.00% 0.00% - 0.00%
Operating Cash Flow Q/Q Growth		 14.03% -7.65% 297.15% -78.65% 26.75% 5.77% -7.81% 47.86% -25.62% - -7.02%
Free Cash Flow Firm Q/Q Growth		 79.96% 129.52% 498.44% 5.81% -11.56% -52.15% 3.76% -81.29% -161.70% - -19.29%
Invested Capital Q/Q Growth		 -2.41% -3.34% -1.77% 1.15% -1.09% -0.52% -1.46% 3.87% -0.03% - 1.53%
Profitability Metrics		 - - - - - - - - - - -
EBITDA Margin		 77.98% 67.24% 77.49% 73.91% 83.29% 75.46% 81.77% 83.81% 80.71% - 74.00%
EBIT Margin		 42.83% 34.89% 39.39% 28.71% 52.96% 40.08% 51.84% 56.93% 52.67% - 44.70%
Profit (Net Income) Margin		 27.85% 33.19% 47.49% 43.70% 27.04% 12.70% 27.74% 10.61% 29.69% - 38.26%
Tax Burden Percent		 96.09% 91.32% 94.83% 95.83% 92.51% 85.82% 91.54% 79.67% 94.33% - 92.34%
Interest Burden Percent		 67.67% 104.16% 127.14% 158.83% 55.19% 36.94% 58.45% 23.39% 59.75% - 92.69%
Effective Tax Rate		 3.91% 8.68% 5.17% 4.17% 7.49% 14.18% 8.46% 20.33% 5.67% - 7.66%
Return on Invested Capital (ROIC)		 4.47% 3.65% 3.66% 2.63% 4.35% 3.21% 4.32% 4.18% 4.79% - 3.91%
ROIC Less NNEP Spread (ROIC-NNEP)		 3.73% 3.49% 4.08% 3.19% 3.24% 2.10% 3.19% 2.17% 3.65% - 3.74%
Return on Net Nonoperating Assets (RNNOA)		 3.34% 3.16% 3.66% 2.98% 2.97% 1.98% 2.94% 2.15% 3.63% - 3.72%
Return on Equity (ROE)		 7.82% 6.81% 7.31% 5.61% 7.32% 5.19% 7.27% 6.33% 8.42% - 7.62%
Cash Return on Invested Capital (CROIC)		 0.20% 4.15% 9.95% 9.73% 8.58% 5.70% 5.58% 3.12% 2.28% - -1.77%
Operating Return on Assets (OROA)		 4.36% 3.30% 3.61% 2.41% 4.41% 3.26% 4.43% 4.93% 4.76% - 3.97%
Return on Assets (ROA)		 2.83% 3.14% 4.36% 3.67% 2.25% 1.03% 2.37% 0.92% 2.69% - 3.40%
Return on Common Equity (ROCE)		 7.80% 6.80% 7.31% 5.60% 7.31% 5.19% 7.26% 6.33% 8.40% - 7.61%
Return on Equity Simple (ROE_SIMPLE)		 8.47% 0.00% 6.61% 6.62% 6.50% 0.00% 5.11% 4.09% 4.48% - 6.27%
Net Operating Profit after Tax (NOPAT)		 184 157 125 96 202 137 215 219 236 - 190
NOPAT Margin		 41.09% 36.13% 37.35% 29.46% 48.99% 37.01% 47.45% 45.36% 49.68% - 41.28%
Net Nonoperating Expense Percent (NNEP)		 0.74% 0.16% -0.42% -0.56% 1.11% 1.11% 1.14% 2.01% 1.14% - 0.17%
SG&A Expenses to Revenue		 10.84% 25.82% 19.96% 20.06% 10.23% 23.16% 8.24% 8.54% 8.59% - 12.58%
Operating Expenses to Revenue		 57.17% 65.11% 60.61% 71.29% 47.04% 59.93% 48.16% 43.07% 47.33% - 55.30%
Earnings before Interest and Taxes (EBIT)		 192 152 132 94 219 148 235 275 251 - 206
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 350 292 260 242 344 279 371 405 384 - 341
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 1.16 1.53 1.36 1.35 1.56 1.41 1.65 1.64 1.81 - 1.78
Price to Tangible Book Value (P/TBV)		 2.28 2.83 2.49 2.47 2.90 2.65 3.16 3.26 3.62 - 3.52
Price to Revenue (P/Rev)		 5.71 7.81 7.05 7.56 8.89 8.25 9.25 8.71 9.19 - 9.44
Price to Earnings (P/E)		 13.66 18.81 20.56 20.45 24.04 25.87 32.31 40.14 40.53 - 28.82
Dividend Yield		 8.65% 6.67% 7.17% 6.86% 5.66% 6.41% 5.57% 5.76% 5.30% - 5.39%
Earnings Yield		 7.32% 5.32% 4.86% 4.89% 4.16% 3.87% 3.09% 2.49% 2.47% - 3.47%
Enterprise Value to Invested Capital (EV/IC)		 1.07 1.24 1.14 1.12 1.24 1.17 1.32 1.30 1.38 - 1.37
Enterprise Value to Revenue (EV/Rev)		 10.11 12.22 11.30 12.11 13.63 13.37 14.39 14.14 14.43 - 14.84
Enterprise Value to EBITDA (EV/EBITDA)		 12.29 15.84 14.75 16.36 18.09 17.19 18.44 17.83 18.35 - 20.07
Enterprise Value to EBIT (EV/EBIT)		 21.22 30.33 27.09 32.84 34.51 32.60 34.35 31.03 31.55 - 37.52
Enterprise Value to NOPAT (EV/NOPAT)		 21.52 31.32 28.08 33.23 35.25 33.82 36.10 34.01 34.25 - 40.02
Enterprise Value to Operating Cash Flow (EV/OCF)		 16.82 19.42 10.34 10.40 11.45 10.54 20.07 17.45 18.25 - 18.13
Enterprise Value to Free Cash Flow (EV/FCFF)		 540.77 29.75 11.13 11.11 14.11 20.35 23.50 41.75 61.06 - 0.00
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.91 0.94 0.91 0.94 0.93 0.95 0.94 1.05 1.06 - 1.05
Long-Term Debt to Equity		 0.85 0.89 0.87 0.94 0.90 0.95 0.92 0.97 1.02 - 1.04
Financial Leverage		 0.89 0.90 0.90 0.93 0.92 0.94 0.92 0.99 0.99 - 0.99
Leverage Ratio		 2.03 2.04 2.02 2.06 2.05 2.07 2.05 2.12 2.13 - 2.12
Compound Leverage Factor		 1.37 2.12 2.57 3.27 1.13 0.77 1.20 0.50 1.27 - 1.97
Debt to Total Capital		 47.54% 48.33% 47.57% 48.40% 48.15% 48.80% 48.46% 51.22% 51.52% - 51.15%
Short-Term Debt to Total Capital		 2.96% 2.40% 1.76% 0.09% 1.39% 0.34% 1.26% 3.92% 2.11% - 0.36%
Long-Term Debt to Total Capital		 44.58% 45.93% 45.80% 48.31% 46.76% 48.46% 47.19% 47.30% 49.42% - 50.79%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - 0.00%
Noncontrolling Interests to Total Capital		 0.06% 0.04% 0.04% 0.04% 0.04% 0.03% 0.03% 0.08% 0.10% - 0.09%
Common Equity to Total Capital		 52.40% 51.63% 52.40% 51.56% 51.81% 51.17% 51.51% 48.70% 48.38% - 48.76%
Debt to EBITDA		 5.44 6.19 6.15 7.09 7.01 7.15 6.75 7.04 6.85 - 7.50
Net Debt to EBITDA		 5.35 5.71 5.54 6.14 6.29 6.58 6.59 6.84 6.66 - 7.29
Long-Term Debt to EBITDA		 5.10 5.88 5.92 7.07 6.81 7.10 6.57 6.50 6.57 - 7.45
Debt to NOPAT		 9.52 12.24 11.71 14.39 13.66 14.07 13.21 13.42 12.79 - 14.96
Net Debt to NOPAT		 9.37 11.29 10.55 12.46 12.26 12.95 12.90 13.04 12.43 - 14.55
Long-Term Debt to NOPAT		 8.93 11.63 11.27 14.36 13.27 13.97 12.87 12.39 12.27 - 14.85
Noncontrolling Interest Sharing Ratio		 0.14% 0.12% 0.13% 0.13% 0.10% 0.06% 0.06% 0.12% 0.14% - 0.12%
Liquidity Ratios		 - - - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -651 192 1,150 1,217 1,076 515 534 100 -62 - -691
Operating Cash Flow to CapEx		 1,007.90% 828.39% 5,295.02% 799.45% 1,176.54% 460.83% 0.00% 0.00% 0.00% - 854.38%
Free Cash Flow to Firm to Interest Expense		 0.00 0.00 16.76 18.64 0.00 0.00 0.00 0.00 0.00 - 0.00
Operating Cash Flow to Interest Expense		 0.00 0.00 15.08 3.38 0.00 0.00 0.00 0.00 0.00 - 0.00
Operating Cash Flow Less CapEx to Interest Expense		 0.00 0.00 14.80 2.96 0.00 0.00 0.00 0.00 0.00 - 0.00
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.10 0.09 0.09 0.08 0.08 0.08 0.09 0.09 0.09 - 0.09
Fixed Asset Turnover		 0.17 0.16 0.16 0.14 0.14 0.14 0.14 0.14 0.15 - 0.14
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 17,433 16,851 16,552 16,742 16,559 16,473 16,233 16,861 16,857 - 17,114
Invested Capital Turnover		 0.11 0.10 0.10 0.09 0.09 0.09 0.09 0.09 0.10 - 0.09
Increase / (Decrease) in Invested Capital		 836 -35 -1,025 -1,121 -874 -378 -319 119 298 - 881
Enterprise Value (EV)		 18,731 20,841 18,889 18,710 20,576 19,326 21,495 21,882 23,249 - 23,424
Market Capitalization		 10,569 13,324 11,786 11,687 13,414 11,923 13,812 13,477 14,797 - 14,893
Book Value per Share		 $42.70 $39.79 $39.42 $39.45 $39.20 $38.52 $38.21 $37.50 $37.24 - $38.08
Tangible Book Value per Share		 $21.66 $21.52 $21.48 $21.60 $21.16 $20.56 $20.00 $18.90 $18.69 - $19.33
Total Capital		 17,433 16,851 16,552 16,742 16,559 16,473 16,233 16,861 16,857 - 17,114
Total Debt		 8,288 8,144 7,873 8,102 7,973 8,039 7,866 8,636 8,685 - 8,754
Total Long-Term Debt		 7,771 7,740 7,582 8,087 7,743 7,984 7,661 7,975 8,330 - 8,692
Net Debt		 8,151 7,510 7,096 7,016 7,155 7,399 7,678 8,391 8,436 - 8,514
Capital Expenditures (CapEx)		 28 31 20 28 24 64 0.00 0.00 0.00 - 33
Net Nonoperating Expense (NNE)		 59 13 -34 -47 91 90 89 168 95 - 14
Net Nonoperating Obligations (NNO)		 8,288 8,144 7,873 8,102 7,973 8,039 7,866 8,636 8,685 - 8,754
Total Depreciation and Amortization (D&A)		 158 141 128 148 125 131 136 130 133 - 135
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.58 $0.65 $0.72 $0.65 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.80
Adjusted Weighted Average Basic Shares Outstanding		 215.10M 215.37M 220.03M 220.20M 220.22M 220.17M 220.40M 220.57M 220.56M 220.50M 220.62M
Adjusted Diluted Earnings per Share		 $0.58 $0.64 $0.72 $0.65 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.80
Adjusted Weighted Average Diluted Shares Outstanding		 215.25M 215.76M 220.13M 220.21M 220.40M 220.52M 220.72M 220.87M 221.09M 221.11M 221.62M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 218.67M 218.67M 218.82M 218.85M 218.85M 218.85M 218.98M 218.99M 219.15M 219.15M 222.74M
Normalized Net Operating Profit after Tax (NOPAT)		 203 157 129 112 203 137 222 223 256 - 228
Normalized NOPAT Margin		 45.23% 36.13% 38.61% 34.14% 49.06% 37.01% 48.95% 46.11% 53.75% - 49.52%
Pre Tax Income Margin		 28.98% 36.34% 50.08% 45.61% 29.23% 14.80% 30.30% 13.32% 31.47% - 41.43%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 0.00 0.00 1.92 1.44 0.00 0.00 0.00 0.00 0.00 - 0.00
NOPAT to Interest Expense		 0.00 0.00 1.82 1.47 0.00 0.00 0.00 0.00 0.00 - 0.00
EBIT Less CapEx to Interest Expense		 0.00 0.00 1.64 1.01 0.00 0.00 0.00 0.00 0.00 - 0.00
NOPAT Less CapEx to Interest Expense		 0.00 0.00 1.54 1.05 0.00 0.00 0.00 0.00 0.00 - 0.00
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 117.83% 129.87% 154.19% 147.81% 144.03% 166.60% 180.67% 231.58% 214.64% - 154.29%
Augmented Payout Ratio		 117.83% 129.87% 154.19% 147.81% 144.03% 166.60% 180.67% 231.58% 214.64% - 154.29%

Financials Breakdown Chart

Key Financial Trends

W.P. Carey (NYSE: WPC) continues to show strong operating cash flow and a steady dividend policy, backed by a large asset base. However, quarterly earnings can swing due to investment gains/losses and financing activities. Here are the most notable trends from the last four years of quarterly data, focusing on cash flow, income, and balance sheet signals relevant to retail investors.

  • Operating cash flow from continuing operations remains solid in 2025, with Q4 2025 net cash from continuing operating activities at $304,633,000 and Q2 2025 at $403,983,000, indicating healthy cash generation to support dividends and debt service.
  • Net income attributable to common shareholders was $148,319,000 in Q4 2025, up from 2024’s weaker periods and in line with 2023 levels, suggesting resilience in core profitability.
  • Common dividends per share were consistently around $0.88–$0.91 across 2025 (e.g., $0.88 in Q4 2025; $0.91 in Q3 2025), signaling a stable and predictable payout for income-focused investors.
  • The balance sheet shows a large, well-established asset base with total assets near $18.0 billion in mid-2025, and a substantial equity base (Total Common Equity around $8.16 billion in Q3 2025), supporting ongoing investment and debt capacity.
  • Net interest income and related expenses are largely flat (Total Interest Income and Total Interest Expense are effectively zero in several 2025 quarters), reflecting the REIT’s funding structure rather than earnings volatility from interest income.
  • Earnings are only partially driven by recurring operations; investment gains/losses create volatility, as seen with large negative net capital gains on investments in some quarters (e.g., Q4 2025 net capital gains on investments of −$373.109 million), which can swing quarterly results.
  • Cash flow dynamics show financing and investing activities often drive quarterly cash balances downward, even when operating cash flow is strong; for instance, quarterly net change in cash can be negative (Q4 2025 net change in cash −$77.184 million).
  • Large negative capital gains on investments in some quarters (Q4 2025: −$373.109 million) underscore earnings volatility from non-core items and can depress reported net income.
  • Leverage remains a consideration: long-term debt around $8.33 billion and total liabilities near $9.81 billion as of mid-2025 indicate a high but typical REIT debt load, which can magnify sensitivity to interest rates and debt service costs.
  • Significant quarterly cash outflows from financing activities (issuances, repayments, and dividends) contribute to negative net cash changes in several periods, limiting near-term cash cushion despite strong operating cash flow.
05/11/26 12:59 PM ETAI Generated. May Contain Errors.

W.P. Carey Financials - Frequently Asked Questions

According to the most recent income statement we have on file, W.P. Carey's financial year ends in December. Their financial year 2025 ended on December 31, 2025.

W.P. Carey's net income appears to be on an upward trend, with a most recent value of $472.92 million in 2025, rising from $185.23 million in 2015. The previous period was $460.63 million in 2024. See W.P. Carey's forecast for analyst expectations on what's next for the company.

Over the last 10 years, W.P. Carey's total revenue changed from $938.38 million in 2015 to $1.48 billion in 2025, a change of 58.2%.

W.P. Carey's total liabilities were at $9.86 billion at the end of 2025, a 8.3% increase from 2024, and a 90.8% increase since 2015.

In the past 10 years, W.P. Carey's cash and equivalents has ranged from $155.33 million in 2025 to $640.37 million in 2024, and is currently $155.33 million as of their latest financial filing in 2025.


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Financial statements for NYSE:WPC last updated on 5/2/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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