W. P. Carey Inc. (WPC) Revenue History
Annual and quarterly revenue from 2014 to 2025
Compound Annual Growth Rate (CAGR)
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WPC Revenue Growth
Revenue Breakdown (FY 2025)
WPC's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
By Geography
WPC Revenue Analysis (2014–2025)
As of May 6, 2026, W. P. Carey Inc. (WPC) generated trailing twelve-month (TTM) revenue of $1.99 billion, reflecting strong growth of +10.6% year-over-year. The most recent quarter (Q1 2026) recorded $454.5 million in revenue, up 2.2% sequentially.
Looking at the longer-term picture, WPC's 5-year compound annual growth rate (CAGR) stands at +8.0%, indicating steady revenue expansion. The company achieved its highest annual revenue of $1.74 billion in 2023.
Revenue diversification analysis shows WPC's business is primarily driven by Owned Real Estate (99%), Investment Management (1%), and Management Service (0%). With over half of revenue concentrated in Owned Real Estate, the company maintains significant focus in this area while developing other growth vectors.
When compared to Real Estate sector peers including NNN (+5.8% YoY), EPRT (+24.7% YoY), and ADC (+17.8% YoY), WPC has underperformed the peer group in terms of revenue growth. Compare WPC vs NNN →
WPC Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| WPCCurrent | $2.0B | +10.6% | +8.0% | 44.4% | |
 NNN | $926M | +5.8% | +7.0% | 61.5% | |
 EPRT | $562M | +24.7% | +27.9% | 64.5% | |
 ADC | $718M | +17.8% | +23.6% | 47.4% | |
 O | $5.7B | +9.1% | +28.4% | 28.3% | |
 VICI | $4.0B | +4.3% | +26.7% | 91.1% |
WPC Historical Revenue Data (2014–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $1.72B | +8.9% | $491.5M | 28.6% | $762.9M | 44.4% |
| 2024 | $1.58B | -9.2% | $1.46B | 92.4% | $1.32B | 83.5% |
| 2023 | $1.74B | +17.9% | $1.60B | 92.0% | $1.47B | 84.4% |
| 2022 | $1.47B | +16.6% | $1.40B | 94.7% | $1.27B | 86.3% |
| 2021 | $1.26B | +7.9% | $1.21B | 95.4% | $1.10B | 87.0% |
| 2020 | $1.17B | -3.4% | $1.12B | 95.4% | $1.02B | 87.4% |
| 2019 | $1.21B | +31.3% | $1.13B | 93.6% | $1.03B | 85.2% |
| 2018 | $923.3M | +7.3% | $880.4M | 95.4% | $784.5M | 85.0% |
| 2017 | $860.6M | -5.3% | $813.3M | 94.5% | $709.9M | 82.5% |
| 2016 | $908.7M | -0.8% | $846.5M | 93.2% | $732.5M | 80.6% |
Full WPC Stock Analysis
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Start ComparisonWPC — Frequently Asked Questions
Quick answers to the most common questions about buying WPC stock.
Is WPC's revenue growth accelerating or slowing?
WPC maintains +10.6% revenue growth, in line with its 5-year CAGR of +8.0%. TTM revenue stands at $2.0B. Growth rate remains consistent with historical average.
What is WPC's long-term revenue growth rate?
W. P. Carey Inc.'s 5-year revenue CAGR of +8.0% reflects the sustained expansion pattern. Current YoY growth of +10.6% is near this long-term average.
How is WPC's revenue distributed by segment?
WPC reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2014-2025 are available for download. Segment mix reveals concentration and diversification trends.