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W P Carey Inc (WPC) Financial History

20 years of revenue, earnings, cash-flow and balance-sheet history from public filings.

REAL ESTATE · REIT - DIVERSIFIED · DATA UPDATED 2026-07-25

W P Carey Inc (WPC) operates in the REIT - DIVERSIFIED industry and is headquartered in New York, United States with about 199 employees. Its market capitalization is roughly $17 billion. In the fiscal year ended 2025-12-31, WPC reported $1.7B in revenue and $466M in net income.

W. P. Carey Inc. ranks among the largest net lease REITs with a well-diversified portfolio of high-quality, operationally critical commercial real estate. It includes 1,703 net lease properties covering approximately 185 million square feet as of March 31, 2026.

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WPC Revenue & Earnings History — Annual Income Statement

Income statement	TTM → 2026-03-31	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31	2010-12-31	2009-12-31	2008-12-31	2007-12-31	2006-12-31
Total Revenue	$2.0B	$1.7B	$1.6B	$1.7B	$1.5B	$1.3B	$1.2B	$1.2B	$923M	$861M	$909M	$916M	$810M	$494M	$331M	$310M	$261M	$232M	$235M	$263M	$267M
Gross Profit	$1.4B	$491M	$1.5B	$1.6B	$1.4B	$1.2B	$1.1B	$1.1B	$880M	$813M	$846M	$852M	$750M	$473M	$308M	$236M	$184M	$218M	$220M	$242M	$268M
Gross Margin %	68.2%	28.6%	92.3%	92.0%	94.7%	95.4%	95.4%	93.6%	95.3%	94.5%	93.2%	93.0%	92.7%	95.7%	93.2%	76.1%	70.8%	93.8%	93.7%	91.8%	100.2%
Operating Income (EBIT)	$861M	$763M	$1.3B	$1.5B	$1.3B	$1.1B	$1.0B	$1.0B	$785M	$710M	$732M	$717M	$623M	$365M	$164M	$121M	$93M	$84M	$93M	$118M	$124M
Operating Margin %	43.3%	44.5%	83.5%	84.4%	86.3%	87.0%	87.4%	85.2%	85.0%	82.5%	80.6%	78.3%	76.9%	73.9%	49.5%	39.2%	35.6%	36.2%	39.7%	44.9%	46.5%
Net Income	$517M	$466M	$461M	$708M	$599M	$410M	$455M	$305M	$412M	$277M	$268M	$172M	$237M	$99M	$62M	$139M	$74M	$69M	$78M	$79M	$86M
Net Margin %	26.0%	27.2%	29.2%	40.8%	40.7%	32.5%	38.9%	25.2%	44.6%	32.2%	29.5%	18.8%	29.3%	20.0%	18.8%	44.9%	28.4%	29.7%	33.2%	30.1%	32.3%
EBITDA	$1.4B	$1.3B	$1.3B	$1.4B	$1.3B	$1.2B	$1.0B	$1.1B	$815M	$748M	$741M	$745M	$663M	$387M	$222M	$238M	$150M	$128M	$140M	$169M	$156M
Earnings Per Share (EPS)	$2.34	$2.11	$2.09	$3.28	$2.99	$2.24	$2.60	$1.78	$3.50	$2.57	$2.50	$1.62	$2.38	$1.42	$1.29	$3.47	$1.85	$1.74	$1.94	$1.99	$2.21
Shares Outstanding (M)	222M	221M	221M	216M	200M	183M	175M	171M	118M	108M	107M	107M	100M	70M	48M	40M	40M	40M	40M	40M	39M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

WPC Quarterly Revenue & Earnings — Last 8 Quarters

Quarterly income statement	2026-03-31	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30
Total Revenue	$455M	$445M	$656M	$431M	$411M	$404M	$395M	$386M
Gross Profit	$412M	$109M	$451M	$383M	$383M	$375M	$366M	$354M
Gross Margin %	90.5%	24.5%	68.7%	88.8%	93.1%	92.8%	92.7%	91.6%
Operating Income (EBIT)	$199M	$209M	$226M	$227M	$347M	$341M	$330M	$321M
Operating Margin %	43.9%	46.9%	34.4%	52.7%	84.3%	84.4%	83.6%	83.0%
Net Income	$176M	$148M	$141M	$51M	$126M	$47M	$112M	$143M
Net Margin %	38.8%	33.4%	21.5%	11.9%	30.6%	11.6%	28.3%	37.0%
EBITDA	$406M	$374M	$351M	$266M	$335M	$338M	$330M	$322M
Earnings Per Share (EPS)	$0.80	$0.67	$0.64	$0.23	$0.57	$0.21	$0.51	$0.65
Shares Outstanding (M)	222M	221M	221M	221M	221M	221M	220M	220M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

WPC Free Cash Flow History

Cash flow	TTM → 2026-03-31	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31	2010-12-31	2009-12-31	2008-12-31	2007-12-31	2006-12-31
Cash from Operations (CFO)	$1.3B	$1.3B	$1.8B	$1.1B	$1.0B	$926M	$802M	$812M	$509M	$516M	$547M	$509M	$399M	$208M	$81M	$80M	$86M	$75M	$63M	$47M	$120M
Capital Expenditures (CapEx)	$197M	$191M	$135M	$122M	$104M	$8M	$656M	$575M	$108M	$79M	$9M	$9M	$24M	$14M	$6M	$13M	$5M	$8M	$14M	$16M	$5M
Free Cash Flow (FCF)	$1.1B	$1.1B	$1.7B	$952M	$899M	$918M	$145M	$237M	$401M	$437M	$538M	$500M	$375M	$194M	$74M	$67M	$81M	$67M	$49M	$31M	$115M
FCF Margin %	55.1%	63.6%	107.7%	54.8%	61.0%	72.7%	12.4%	19.5%	43.5%	50.8%	59.2%	54.6%	46.3%	39.3%	22.5%	21.6%	31.2%	28.7%	21.0%	12.0%	43.0%
Dividends Paid	$800M	$790M	$765M	$917M	$835M	$764M	$727M	$704M	$440M	$431M	$417M	$404M	$348M	$220M	$114M	$86M	$93M	$84M	$88M	$72M	$69M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

WPC Quarterly Free Cash Flow — Last 8 Quarters

Quarterly cash flow	2026-03-31	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30
Cash from Operations (CFO)	$283M	$305M	$300M	$404M	$273M	$296M	$280M	$221M
Capital Expenditures (CapEx)	$33M	$84M	$55M	$25M	$27M	$64M	$24M	$28M
Free Cash Flow (FCF)	$250M	$221M	$246M	$379M	$246M	$232M	$256M	$193M
FCF Margin %	55.0%	49.6%	37.5%	87.9%	59.9%	57.4%	64.9%	50.1%
Dividends Paid	$205M	$201M	$198M	$196M	$195M	$193M	$192M	$190M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

WPC Balance Sheet History

Balance sheet	2026-03-31	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31	2010-12-31	2009-12-31	2008-12-31	2007-12-31	2006-12-31
Total Assets	$18.2B	$18.0B	$17.5B	$18.0B	$18.1B	$15.5B	$14.7B	$14.1B	$14.2B	$8.2B	$8.5B	$8.8B	$8.6B	$4.7B	$4.6B	$1.5B	$1.2B	$1.1B	$1.1B	$1.2B	$1.1B
Cash & Cash Equivalents	$239M	$155M	$640M	$634M	$168M	$165M	$249M	$196M	$218M	$162M	$155M	$157M	$199M	$118M	$124M	$29M	$65M	$18M	$17M	$12M	$22M
Total Liabilities	$9.8B	$9.9B	$9.1B	$9.3B	$9.1B	$7.9B	$7.8B	$7.1B	$7.4B	$4.8B	$5.0B	$5.2B	$4.7B	$2.5B	$2.3B	$739M	$499M	$453M	$463M	$513M	$453M
Total Debt (Short + Long-Term)	$9.1B	$8.7B	$8.7B	$8.1B	$8.3B	$6.8B	$6.8B	$6.2B	$12.7B	$8.6B	$4.7B	$4.3B	$3.3B	$1.8B	$2.0B	$589M	$397M	$418M	$331M	$329M	$269M
Total Shareholders' Equity	$8.3B	$8.1B	$8.4B	$8.7B	$9.0B	$7.6B	$6.9B	$6.9B	$6.8B	$3.4B	$3.4B	$3.4B	$3.8B	$1.9B	$2.0B	$683M	$625M	$626M	$648M	$634M	$640M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

Quarterly statements, profitability ratios, price history, insider activity and institutional holders are in the interactive WPC viewer.

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