W. P. Carey Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Rental Revenue	1,441	1,332	1,427	1,302	1,177	1,081
Property Management Fees	5.33	6.6	2.18	8.47	15.36	22.47
Other Revenue	142.49	164.74	199.83	88.74	2.65	-7.19
Total Revenue	1,670	1,576	1,737	1,473	1,263	1,171
Revenue Growth (YoY	5.29%	-9.22%	17.89%	16.63%	7.88%	-3.43%
Property Expenses	117.45	120.54	139.59	77.81	57.75	53.97
Selling, General & Administrative	99.03	98.97	96.4	91.47	81.89	77.42
Depreciation & Amortization	491.56	487.72	574.21	503.4	475.99	442.94
Other Operating Expenses	38.08	31.42	57.57	38.12	8.76	45.33
Total Operating Expenses	787.02	779.55	902.27	743.64	649.27	635.59
Operating Income	883.27	796.84	834.29	729.45	613.74	535.21
Interest Expense	-286.71	-277.37	-291.85	-219.16	-196.83	-209.98
Interest & Investment Income	23.19	39.72	6.96	-	0.12	0.37
Currency Exchange Gain (Loss)	-65.13	24.01	9.03	6.33	2.36	8.15
Other Non-Operating Income	-180.66	-159.92	-33.67	120.02	26.7	37.33
EBT Excluding Unusual Items	373.97	423.28	524.76	636.64	446.08	371.07
Merger & Restructuring Charges	-6.23	-4.46	0.15	-14.49	4.55	-0.25
Impairment of Goodwill	-	-	-	-29.33	-	-
Gain (Loss) on Sale of Investments	-48.12	31.85	-	33.93	-	0.83
Gain (Loss) on Sale of Assets	145.48	74.82	315.98	43.48	40.43	109.37
Asset Writedown	-58.52	-43.6	-86.41	-39.12	-24.25	-35.83
Other Unusual Items	-0.21	10.45	-2.16	-4.9	-28.2	-
Pretax Income	406.38	492.34	752.32	626.21	438.61	445.2
Income Tax Expense	40.99	31.71	44.05	27.72	28.49	-20.76
Earnings From Continuing Operations	365.39	460.63	708.26	598.48	410.12	465.96
Net Income to Company	365.39	460.63	708.26	598.48	410.12	465.96
Minority Interest in Earnings	-0.33	0.21	0.07	0.66	-0.13	-10.6
Net Income	365.06	460.84	708.33	599.14	409.99	455.36
Net Income to Common	365.06	460.84	708.33	599.14	409.99	455.36
Net Income Growth	-34.59%	-34.94%	18.22%	46.14%	-9.96%	49.18%
Basic Shares Outstanding	220	220	215	200	182	175
Diluted Shares Outstanding	221	221	216	200	183	175
Shares Change (YoY)	0.33%	2.21%	7.65%	9.45%	4.74%	2.07%
EPS (Basic)	1.66	2.09	3.29	3.00	2.25	2.61
EPS (Diluted)	1.65	2.09	3.28	2.99	2.24	2.60
EPS Growth	-34.86%	-36.28%	9.70%	33.48%	-13.85%	46.07%
Dividend Per Share	3.580	3.490	4.067	4.242	4.205	4.172
Dividend Growth	3.17%	-14.19%	-4.13%	0.88%	0.79%	0.77%
Operating Margin	52.88%	50.55%	48.04%	49.52%	48.59%	45.71%
Profit Margin	21.86%	29.23%	40.79%	40.67%	32.46%	38.89%
EBITDA	1,394	1,310	1,442	1,292	1,161	1,044
EBITDA Margin	83.48%	83.07%	83.03%	87.74%	91.95%	89.18%
D&A For Ebitda	511.03	512.73	607.58	562.99	547.63	508.95
EBIT	883.27	796.84	834.29	729.45	613.74	535.21
EBIT Margin	52.88%	50.55%	48.04%	49.52%	48.59%	45.71%
Funds From Operations (FFO)	775.68	894.34	1,061	-	-	-
FFO Per Share	3.51	4.06	4.92	-	-	-
Adjusted Funds From Operations (AFFO)	-	1,036	1,118	-	-	-
AFFO Per Share	-	4.70	5.18	-	-	-
FFO Payout Ratio	100.83%	85.55%	86.37%	-	-	-
Effective Tax Rate	10.09%	6.44%	5.86%	4.43%	6.49%	-
Revenue as Reported	3,250	3,155	3,479	2,947	1,332	1,209

Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.