8-K Announcements
6Apr 28, 2026·SEC
Mar 31, 2026·SEC
Feb 24, 2026·SEC
W. P. Carey Inc. (WPC) fundamental analysis — strengths, weaknesses & financial health based on data analysis
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
W. P. Carey Inc. (WPC) stock price & volume — 10-year historical chart
W. P. Carey Inc. (WPC) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
W. P. Carey Inc. (WPC) EPS & revenue vs analyst estimates — last 4 quarters
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | Apr 28, 2026 | $1.30vs $0.61+113.8% | $455Mvs $431M+5.5% |
| Q1 2026 | Feb 10, 2026 | $1.27vs $0.68+87.6% | $445Mvs $416M+6.9% |
| Q4 2025 | Oct 28, 2025 | $1.25vs $1.23+1.6% | $656Mvs $433M+51.5% |
| Q3 2025 | Jul 29, 2025 | $1.28vs $1.23+4.1% | $431Mvs $420M+2.5% |
W. P. Carey Inc. (WPC) competitors in Net Lease and Ground Lease REITs — business model, growth, and fundamentals comparison
W. P. Carey Inc. (WPC) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
W. P. Carey Inc. (WPC) annual income statement — 10-year revenue, gross profit & net income history
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 860.58M | 923.34M | 1.21B | 1.17B | 1.26B | 1.47B | 1.74B | 1.58B | 1.72B | 1.99B |
| Revenue Growth % | -5.3% | 7.29% | 31.31% | -3.43% | 7.88% | 16.63% | 17.89% | -9.22% | 8.89% | 24.45% |
| Property Operating Expenses | 47.3M | 42.92M | 77.56M | 53.97M | 57.75M | 77.81M | 139.59M | 120.54M | 1.22B | 632.43M |
| Net Operating Income (NOI) | 813.28M▲ 0% | 880.42M▲ 8.3% | 1.13B▲ 28.9% | 1.12B▼ 1.6% | 1.21B▲ 7.9% | 1.4B▲ 15.8% | 1.6B▲ 14.5% | 1.46B▼ 8.8% | 491.49M▼ 66.2% | 1.35B▲ 0% |
| NOI Margin % | 94.5% | 95.35% | 93.6% | 95.39% | 95.43% | 94.72% | 91.96% | 92.35% | 28.63% | 68.16% |
| Operating Expenses | 103.41M | 95.87M | 101.66M | 93.36M | 106.77M | 124.31M | 130.9M | 139.86M | -271.43M | 493.08M |
| G&A Expenses | 103.41M | 95.87M | 101.66M | 93.36M | 106.77M | 124.31M | 130.9M | 139.86M | 100.67M | 105.87M |
| EBITDA | 1.02B | 1.13B | 1.58B | 1.53B | 1.65B | 1.83B | 2.07B | 1.83B | 1.28B | 1.4B |
| EBITDA Margin % | 118.31% | 122.13% | 130.16% | 130.89% | 130.33% | 124.5% | 119.41% | 116.01% | 74.81% | 70.38% |
| Depreciation & Amortization | 308.3M | 343.11M | 544.91M | 508.95M | 547.63M | 562.99M | 607.58M | 512.73M | 521.13M | 537.1M |
| D&A / Revenue % | 35.82% | 37.16% | 44.94% | 43.47% | 43.36% | 38.22% | 34.99% | 32.53% | 30.36% | 27.04% |
| Operating Income | 709.87M▲ 0% | 784.55M▲ 10.5% | 1.03B▲ 31.7% | 1.02B▼ 0.9% | 1.1B▲ 7.3% | 1.27B▲ 15.7% | 1.47B▲ 15.4% | 1.32B▼ 10.2% | 762.92M▼ 42.0% | 860.76M▲ 0% |
| Operating Margin % | 82.49% | 84.97% | 85.22% | 87.42% | 86.97% | 86.28% | 84.42% | 83.48% | 44.45% | 43.34% |
| Interest Expense | 165.78M | 178.38M | 233.32M | 210.09M | 196.83M | 219.16M | 291.85M | 277.37M | 291.18M | 4M |
| Interest Coverage | 2.65x | 2.65x | 2.40x | 2.55x | 3.12x | 3.33x | 2.86x | 2.87x | 2.73x | - |
| Non-Operating Income | 270.31M | 312.59M | 473.16M | 488.26M | 484.75M | 541.52M | 631.78M | 519.14M | -33.08M | 71.54M |
| Pretax Income | 253.92M▲ 0% | 438.75M▲ 72.8% | 332.75M▼ 24.2% | 445.2M▲ 33.8% | 438.61M▼ 1.5% | 626.21M▲ 42.8% | 752.32M▲ 20.1% | 492.34M▼ 34.6% | 504.82M▲ 2.5% | 558.5M▲ 0% |
| Pretax Margin % | 29.51% | 47.52% | 27.45% | 38.03% | 34.73% | 42.51% | 43.32% | 31.23% | 29.41% | 28.12% |
| Income Tax | 2.71M | 14.41M | 26.21M | -20.76M | 28.49M | 27.72M | 44.05M | 31.71M | 31.91M | 34.91M |
| Effective Tax Rate % | 1.07% | 3.28% | 7.88% | -4.66% | 6.49% | 4.43% | 5.86% | 6.44% | 6.32% | 6.25% |
| Net Income | 277.29M▲ 0% | 411.57M▲ 48.4% | 305.24M▼ 25.8% | 455.36M▲ 49.2% | 409.99M▼ 10.0% | 599.14M▲ 46.1% | 708.33M▲ 18.2% | 460.84M▼ 34.9% | 466.36M▲ 1.2% | 516.84M▲ 0% |
| Net Margin % | 32.22% | 44.57% | 25.18% | 38.89% | 32.46% | 40.67% | 40.79% | 29.23% | 27.17% | 26.02% |
| Net Income Growth % | 3.56% | 48.42% | -25.83% | 49.18% | -9.96% | 46.14% | 18.23% | -34.94% | 1.2% | 20.91% |
| Funds From Operations (FFO) | 585.59M▲ 0% | 754.68M▲ 28.9% | 850.15M▲ 12.7% | 964.3M▲ 13.4% | 957.62M▼ 0.7% | 1.16B▲ 21.4% | 1.32B▲ 13.2% | 973.57M▼ 26.0% | 987.49M▲ 1.4% | 1.05B▲ 0% |
| FFO Margin % | 68.05% | 81.73% | 70.12% | 82.36% | 75.82% | 78.89% | 75.78% | 61.76% | 57.53% | 53.06% |
| FFO Growth % | 3.78% | 28.88% | 12.65% | 13.43% | -0.69% | 21.36% | 13.23% | -26.02% | 1.43% | 69.45% |
| FFO per Share | 5.42 | 6.41 | 4.96 | 5.52 | 5.23 | 5.80 | 6.10 | 4.41 | 4.47 | 4.76 |
| FFO Payout Ratio % | 73.63% | 58.36% | 82.86% | 75.39% | 79.81% | 71.87% | 69.65% | 78.59% | 80% | 56.45% |
| EPS (Diluted) | 2.56▲ 0% | 3.50▲ 36.7% | 1.78▼ 49.1% | 2.60▲ 46.1% | 2.24▼ 13.8% | 2.99▲ 33.5% | 3.28▲ 9.7% | 2.09▼ 36.3% | 2.11▲ 1.0% | 2.33▲ 0% |
| EPS Growth % | 2.81% | 36.72% | -49.14% | 46.07% | -13.85% | 33.48% | 9.7% | -36.28% | 0.96% | 20.62% |
| EPS (Basic) | 2.56 | 3.50 | 1.78 | 2.61 | 2.25 | 3.00 | 3.29 | 2.09 | 2.11 | - |
| Diluted Shares Outstanding | 108.04M | 117.71M | 171.3M | 174.84M | 183.13M | 200.43M | 215.76M | 220.52M | 221.11M | 221.62M |
W. P. Carey Inc. (WPC) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | 8.23B | 14.18B | 14.06B | 14.71B | 15.48B | 18.1B | 17.98B | 17.54B | 17.99B | 18.2B |
| Asset Growth % | -2.63% | 72.3% | -0.86% | 4.6% | 5.26% | 16.93% | -0.69% | -2.46% | 2.6% | 11.05% |
| Real Estate & Other Assets | 6.98B | 12.64B | 325.3M | 347.16M | 444.47M | 16.51B | 560.28M | 646.3M | -15.89B | 0 |
| PP&E (Net) | 0 | 0 | 9.02B | 9.9B | 10.58B | 0 | 11.96B | 12.43B | 0 | 0 |
| Investment Securities | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 0 |
| Total Current Assets | 267.53M | 292.49M | 1.39B | 1.13B | 1.07B | 225.94M | 2.26B | 1.51B | 155.33M | 239.27M |
| Cash & Equivalents | 162.31M | 217.64M | 196.03M | 248.66M | 165.43M | 168M | 633.86M | 640.37M | 155.33M | 239.27M |
| Receivables | 1000K | 1000K | 1000K | 1000K | 1000K | 919K | 1000K | 1000K | 1000K | 0 |
| Other Current Assets | 0 | 0 | 284.07M | 136.24M | 84.88M | 57.02M | 109.39M | 73.65M | -1.17B | 0 |
| Intangible Assets | 1.85B | 2.94B | 1.92B | 1.8B | 1.7B | 1.04B | 1.46B | 1.4B | 2.47B | 2.47B |
| Total Liabilities | 4.82B | 7.35B | 7.11B | 7.83B | 7.9B | 9.09B | 9.27B | 9.1B | 9.86B | 9.84B |
| Total Debt | 4.27B | 6.38B | 6.15B | 6.85B | 6.94B | 7.88B | 8.28B | 8.18B | 8.72B | 0 |
| Net Debt | 4.1B | 6.16B | 5.95B | 6.6B | 6.77B | 7.71B | 7.65B | 7.54B | 8.57B | -239.27M |
| Long-Term Debt | 4.27B | 6.38B | 6.05B | 6.7B | 6.79B | 7.88B | 8.14B | 7.37B | 8.72B | 0 |
| Short-Term Borrowings | 0 | 0 | 4.59M | 5.86M | 908K | 0 | 1.68M | 670.31M | 0 | 0 |
| Capital Lease Obligations | 0 | 0 | 87.66M | 151.47M | 146.44M | 0 | 138.73M | 143.27M | 0 | 1.5M |
| Total Current Liabilities | 372.82M | 576.05M | 575.34M | 632.4M | 624.27M | 852.1M | 664.24M | 1.33B | 877.52M | 0 |
| Accounts Payable | 263.05M | 403.9M | 387.82M | 424.9M | 418.2M | 623.84M | 465.98M | 449.91M | 670.04M | 0 |
| Deferred Revenue | 965K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Liabilities | 114.92M | 225.13M | 395.81M | 349.4M | 183.29M | 184.58M | 136.87M | 119.83M | 104.06M | 9.84B |
| Total Equity | 3.41B▲ 0% | 6.83B▲ 100.2% | 6.95B▲ 1.7% | 6.88B▼ 1.0% | 7.58B▲ 10.3% | 9.01B▲ 18.8% | 8.71B▼ 3.3% | 8.43B▼ 3.1% | 8.13B▼ 3.6% | 8.36B▲ 0% |
| Equity Growth % | -0.4% | 100.21% | 1.73% | -1% | 10.25% | 18.79% | -3.35% | -3.13% | -3.56% | -13.24% |
| Shareholders Equity | 3.19B | 6.82B | 6.94B | 6.88B | 7.58B | 8.99B | 8.7B | 8.43B | 8.12B | 8.34B |
| Minority Interest | 219.12M | 5.78M | 6.24M | 1.66M | 1.67M | 15M | 6.56M | 4.43M | 15.88M | 16.01M |
| Common Stock | 107K | 165K | 172K | 175K | 190K | 211K | 219K | 219K | 219K | 223K |
| Additional Paid-in Capital | 4.43B | 8.19B | 8.72B | 8.93B | 9.98B | 11.71B | 11.78B | 11.81B | 11.83B | 0 |
| Retained Earnings | -1.05B | -1.14B | -1.56B | -1.85B | -2.22B | -2.49B | -2.89B | -3.2B | -3.54B | 0 |
| Preferred Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Return on Assets (ROA) | 3.32% | 3.67% | 2.16% | 3.17% | 2.72% | 3.57% | 3.93% | 2.6% | 2.63% | 2.86% |
| Return on Equity (ROE) | 8.11% | 8.04% | 4.43% | 6.59% | 5.67% | 7.22% | 8% | 5.38% | 5.63% | 6.29% |
| Debt / Assets | 51.82% | 44.97% | 43.71% | 46.6% | 44.82% | 43.52% | 46.09% | 46.67% | 48.49% | 0% |
| Debt / Equity | 1.25x | 0.93x | 0.88x | 1.00x | 0.92x | 0.87x | 0.95x | 0.97x | 1.07x | 1.07x |
| Net Debt / EBITDA | 4.03x | 5.46x | 3.77x | 4.31x | 4.11x | 4.20x | 3.69x | 4.12x | 6.67x | 6.67x |
| Book Value per Share | 31.58 | 58.03 | 40.56 | 39.34 | 41.41 | 44.95 | 40.36 | 38.25 | 36.79 | 37.73 |
W. P. Carey Inc. (WPC) cash flow — operating, investing & free cash flow history
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operations | 516.07M | 509.17M | 812.08M | 801.54M | 926.48M | 1B | 1.07B | 1.83B | 1.28B | 1.28B |
| Operating CF Growth % | -5.62% | -1.34% | 59.49% | -1.3% | 15.59% | 8.32% | 6.96% | 70.77% | -30.05% | 96.48% |
| Operating CF / Revenue % | 59.97% | 55.14% | 66.98% | 68.46% | 73.36% | 68.13% | 61.81% | 116.29% | 74.71% | 64.56% |
| Net Income | 285.08M | 424.34M | 306.54M | 465.95M | 410.12M | 598.48M | 708.26M | 460.63M | 472.92M | 516.84M |
| Depreciation & Amortization | 316.47M | 349.3M | 544.91M | 508.95M | 547.63M | 562.99M | 628.12M | 531.58M | 543.63M | 545.81M |
| Stock-Based Compensation | 18.92M | 18.29M | 18.79M | 15.94M | 24.88M | 32.84M | 34.5M | 40.89M | 39.89M | 38.19M |
| Other Non-Cash Items | -82.65M | -240.42M | -50.93M | -146.06M | -37.2M | -168.42M | -267.86M | 801.72M | 227.93M | 188.85M |
| Working Capital Changes | 2.86M | -36.07M | -16.49M | 5.83M | -14.25M | -14.27M | -29.4M | 2.53M | 8.84M | 6.19M |
| Cash from Investing | 225.9M | -266.13M | -522.77M | -539.93M | -1.57B | -1.05B | -905.88M | -1.13B | -960.14M | -1.25B |
| Acquisitions (Net) | 8.79M | 110.16M | 31.77M | 15.23M | -93.6M | -509.75M | -27.73M | -15.73M | -2.85M | 217K |
| Purchase of Investments | 0 | 0 | 0 | -95.51M | 0 | 0 | 0 | 0 | 0 | 0 |
| Sale of Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Investing | 220.56M | -376.29M | -554.54M | -459.65M | -1.47B | -542.78M | -878.15M | -1.12B | -957.29M | -1.25B |
| Cash from Financing | -745.47M | -24.29M | -457.78M | -210.71M | 557.05M | 57.89M | 292.56M | -688.47M | -761.71M | 30.47M |
| Dividends Paid | -431.18M | -440.43M | -704.4M | -726.96M | -764.28M | -835.26M | -916.53M | -765.15M | -790.03M | -594.98M |
| Common Dividends | -431.18M | -440.43M | -704.4M | -726.96M | -764.28M | -835.26M | -916.53M | -765.15M | -790.03M | -594.98M |
| Debt Issuance (Net) | -1000K | 1000K | -1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 3M |
| Share Repurchases | 0 | -1.18M | 0 | 0 | 0 | 0 | 0 | -6.95M | 0 | 0 |
| Other Financing | 43.96M | -40.8M | -17.77M | 183.73M | 686.39M | 283.73M | -26M | -29M | -14.84M | 203.77M |
| Net Change in Cash | -1.05M▲ 0% | 214.39M▲ 20421.0% | -172.54M▼ 180.5% | 60.26M▲ 134.9% | -93.83M▼ 255.7% | 6.19M▲ 106.6% | 467.83M▲ 7456.6% | -1.27M▼ 100.3% | -418.31M▼ 32837.7% | 70.08M▲ 0% |
| Exchange Rate Effect | 9.51M | -4.36M | -4.07M | 9.37M | -10.63M | -2.72M | 7.72M | -12.02M | 21.22M | -3.7M |
| Cash at Beginning | 210.73M | 209.68M | 424.06M | 251.52M | 311.78M | 217.95M | 224.14M | 691.97M | 690.7M | 272.39M |
| Cash at End | 209.68M | 424.06M | 251.52M | 311.78M | 217.95M | 224.14M | 691.97M | 690.7M | 272.39M | 287.71M |
| Free Cash Flow | 437.15M▲ 0% | 401.48M▼ 8.2% | 646.59M▲ 61.1% | 594.28M▼ 8.1% | 812.86M▲ 36.8% | 899.12M▲ 10.6% | 951.81M▲ 5.9% | 1.7B▲ 78.4% | 1.09B▼ 35.7% | 1.13B▲ 0% |
| FCF Growth % | -14.09% | -8.16% | 61.05% | -8.09% | 36.78% | 10.61% | 5.86% | 78.37% | -35.73% | 21.61% |
| FCF / Revenue % | 50.8% | 43.48% | 53.33% | 50.76% | 64.36% | 61.04% | 54.81% | 107.7% | 63.57% | 56.81% |
W. P. Carey Inc. (WPC) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| FFO per Share | 5.42 | 6.41 | 4.96 | 5.52 | 5.23 | 5.8 | 6.1 | 4.41 | 4.47 | 4.76 |
| FFO Payout Ratio | 73.63% | 58.36% | 82.86% | 75.39% | 79.81% | 71.87% | 69.65% | 78.59% | 80% | 56.45% |
| NOI Margin | 94.5% | 95.35% | 93.6% | 95.39% | 95.43% | 94.72% | 91.96% | 92.35% | 28.63% | 68.16% |
| Net Debt / EBITDA | 4.03x | 5.46x | 3.77x | 4.31x | 4.11x | 4.20x | 3.69x | 4.12x | 6.67x | 6.67x |
| Debt / Assets | 51.82% | 44.97% | 43.71% | 46.6% | 44.82% | 43.52% | 46.09% | 46.67% | 48.49% | 0% |
| Interest Coverage | 2.65x | 2.65x | 2.40x | 2.55x | 3.12x | 3.33x | 2.86x | 2.87x | 2.73x | - |
| Book Value / Share | 31.58 | 58.03 | 40.56 | 39.34 | 41.41 | 44.95 | 40.36 | 38.25 | 36.79 | 37.73 |
| Revenue Growth | -5.3% | 7.29% | 31.31% | -3.43% | 7.88% | 16.63% | 17.89% | -9.22% | 8.89% | 24.45% |
W. P. Carey Inc. (WPC) SEC filings — annual & quarterly reports (10-K, 10-Q)
Apr 28, 2026·SEC
Mar 31, 2026·SEC
Feb 24, 2026·SEC
W. P. Carey Inc. (WPC) stock FAQ — growth, dividends, profitability & financials explained
W. P. Carey Inc. (WPC) reported $1.99B in revenue for fiscal year 2025. This represents a 1888% increase from $99.9M in 1997.
W. P. Carey Inc. (WPC) grew revenue by 8.9% over the past year. This is steady growth.
Yes, W. P. Carey Inc. (WPC) is profitable, generating $516.8M in net income for fiscal year 2025 (27.2% net margin).
Yes, W. P. Carey Inc. (WPC) pays a dividend with a yield of 4.88%. This makes it attractive for income-focused investors.
W. P. Carey Inc. (WPC) has a return on equity (ROE) of 5.6%. This is below average, suggesting room for improvement.
W. P. Carey Inc. (WPC) generated Funds From Operations (FFO) of $1.05B in the trailing twelve months. FFO is the primary profitability metric for REITs.
W. P. Carey Inc. (WPC) offers a 4.88% dividend yield, which is attractive for income investors. REITs are required to distribute at least 90% of taxable income to shareholders.
W. P. Carey Inc. (WPC) financial analysis — history, returns, DCA and operating performance tools
Analyst verdict, bull/bear case, risk factors and peer comparison
Historical returns with dividends reinvested
Dollar cost averaging vs lump sum
Yield, growth, payout safety & DRIP
EPS trends, net income & profitability
Long-term charts & historical price data
Sales growth patterns & revenue breakdown
30 years of market, efficiency and balance-sheet ratios
DCF intrinsic value, peer multiples & estimates