W. P. Carey Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Rental Revenue	1,479	1,332	1,427	1,302	1,177
Property Management Fees	4.96	6.6	2.18	8.47	15.36
Other Revenue	130.54	164.74	199.83	88.74	2.65
Total Revenue	1,706	1,576	1,737	1,473	1,263
Revenue Growth (YoY	8.20%	-9.22%	17.89%	16.63%	7.88%
Property Expenses	114	120.54	139.59	77.81	57.75
Selling, General & Administrative	100.67	98.97	96.4	91.47	81.89
Depreciation & Amortization	521.13	487.72	574.21	503.4	475.99
Other Operating Expenses	39.9	31.42	57.57	38.12	8.76
Total Operating Expenses	815.59	779.55	902.27	743.64	649.27
Operating Income	890.06	796.84	834.29	729.45	613.74
Interest Expense	-291.26	-277.37	-291.85	-219.16	-196.83
Interest & Investment Income	17.64	39.72	-	-	0.12
Currency Exchange Gain (Loss)	-98.41	24.01	14.91	6.33	2.36
Other Non-Operating Income	-134.38	-160.13	-29.65	120.02	26.7
EBT Excluding Unusual Items	383.64	423.07	527.7	636.64	446.08
Merger & Restructuring Charges	-2.25	-4.46	0.15	-14.49	4.55
Impairment of Goodwill	-	-	-	-29.33	-
Gain (Loss) on Sale of Investments	-	31.85	-	33.93	-
Gain (Loss) on Sale of Assets	193.79	74.82	315.98	43.48	40.43
Asset Writedown	-70.37	-43.6	-86.41	-39.12	-24.25
Other Unusual Items	-	10.65	-5.1	-4.9	-28.2
Pretax Income	504.82	492.34	752.32	626.21	438.61
Income Tax Expense	31.91	31.71	44.05	27.72	28.49
Earnings From Continuing Operations	472.92	460.63	708.26	598.48	410.12
Minority Interest in Earnings	-6.56	0.21	0.07	0.66	-0.13
Net Income	466.36	460.84	708.33	599.14	409.99
Net Income to Common	466.36	460.84	708.33	599.14	409.99
Net Income Growth	1.20%	-34.94%	18.22%	46.14%	-9.96%
Basic Shares Outstanding	221	220	215	200	182
Diluted Shares Outstanding	221	221	216	200	183
Shares Change (YoY)	0.27%	2.21%	7.65%	9.45%	4.74%
EPS (Basic)	2.11	2.09	3.29	3.00	2.25
EPS (Diluted)	2.11	2.09	3.28	2.99	2.24
EPS Growth	0.96%	-36.28%	9.70%	33.48%	-13.85%
Dividend Per Share	3.620	3.490	4.067	4.242	4.205
Dividend Growth	3.72%	-14.19%	-4.13%	0.88%	0.79%
Operating Margin	52.18%	50.55%	48.04%	49.52%	48.59%
Profit Margin	27.34%	29.23%	40.79%	40.67%	32.46%
EBITDA	1,415	1,310	1,462	1,292	1,161
EBITDA Margin	82.93%	83.07%	84.21%	87.74%	91.95%
D&A For Ebitda	524.46	512.73	628.12	562.99	547.63
EBIT	890.06	796.84	834.29	729.45	613.74
EBIT Margin	52.18%	50.55%	48.04%	49.52%	48.59%
Funds From Operations (FFO)	875.46	894.34	-	-	-
FFO Per Share	3.96	4.06	-	-	-
Adjusted Funds From Operations (AFFO)	1,098	1,036	-	-	-
AFFO Per Share	4.97	4.70	-	-	-
FFO Payout Ratio	90.24%	85.55%	-	-	-
Effective Tax Rate	6.32%	6.44%	5.86%	4.43%	6.49%
Revenue as Reported	1,716	1,583	1,741	2,947	1,332

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.

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