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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 2026-09-19

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 $15 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 1,748 net lease properties covering approximately 188 million square feet as of June 30, 2026.

Interactive charts & full statements → Open the WPC valuation workbench →

WPC Revenue & Earnings History — Annual Income Statement

Income statement	TTM → 2026-06-30	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	$1.8B	$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	$1.6B	$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 %	90.2%	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)	$947M	$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 %	52.9%	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	$651M	$466M	$461M	$708M	$599M	$410M	$455M	$305M	$412M	$277M	$268M	$172M	$237M	$99M	$62M	$139M	$74M	$69M	$78M	$79M	$86M
Net Margin %	36.3%	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	—	$1.3B	$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)	—	$2.11	$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)	—	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	2026-06-30	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	$461M	$455M	$445M	$656M	$431M	$411M	$404M	$395M	$386M
Gross Profit	$418M	$412M	$109M	$451M	$383M	$383M	$375M	$366M	$354M
Gross Margin %	90.7%	90.5%	24.5%	68.7%	88.8%	93.1%	92.8%	92.7%	91.6%
Operating Income (EBIT)	$237M	$199M	$209M	$226M	$227M	$347M	$341M	$330M	$321M
Operating Margin %	51.4%	43.9%	46.9%	34.4%	52.7%	84.3%	84.4%	83.6%	83.0%
Net Income	$185M	$176M	$148M	$141M	$51M	$126M	$47M	$112M	$143M
Net Margin %	40.1%	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)	$0.82	$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 → 2026-06-30	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)	$1.2B	$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)	—	$191M	$135M	$122M	$104M	$8M	$656M	$575M	$108M	$79M	$9M	$9M	$24M	$14M	$6M	$13M	$5M	$8M	$14M	$16M	$5M
Free Cash Flow (FCF)	$1.2B	$1.1B	$1.7B	$952M	$899M	$918M	$145M	$237M	$401M	$437M	$538M	$500M	$375M	$194M	$74M	$67M	$81M	$67M	$49M	$31M	$115M
FCF Margin %	68.2%	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	$813M	$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	2026-06-30	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)	$333M	$283M	$305M	$300M	$404M	$273M	$296M	$280M	$221M
Capital Expenditures (CapEx)	—	$33M	$84M	$55M	$25M	$27M	$64M	$24M	$28M
Free Cash Flow (FCF)	$333M	$250M	$221M	$246M	$379M	$246M	$232M	$256M	$193M
FCF Margin %	72.2%	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	2026-06-30	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	$18.6B	$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	$164M	$155M	$640M	$634M	$168M	$165M	$249M	$196M	$218M	$162M	$155M	$157M	$199M	$118M	$124M	$29M	$65M	$18M	$17M	$12M	$22M
Total Liabilities	$9.9B	$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)	$8.9B	$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	$8.7B	$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.

WPC Metric Deep Dives

Other Companies in REIT - DIVERSIFIED

GNL · Global Net Lease, Inc. — $2 billion
AAT · American Assets Trust Inc — $2 billion
ESRT · Empire State Realty Trust Inc — $1 billion
SAFE · Safehold Inc — $931 million
JBGS · JBG SMITH Properties — $867 million
CTO · CTO Realty Growth Inc — $781 million

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