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 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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
Property Revenue	1,753	1,707	1,572	1,738	1,468	1,312
Service and Other Revenue	8.31	9.24	10.82	3.22	10.99	19.4
Revenue	1,761	1,716	1,583	1,741	1,479	1,332
Revenue Growth (YoY)	9.86%	8.43%	-9.09%	17.73%	11.08%	10.11%
Property Expenses	180.34	182.75	176.52	221.53	151.43	120.16
Service and Other Expenses	-	-	-	-	-	4.04
Total Property Expenses	180.34	182.75	176.52	221.53	151.43	124.2
Gross Profit	1,581	1,534	1,407	1,520	1,328	1,207
Selling, General & Admin	139.24	140.57	139.86	130.9	124.31	106.77
Depreciation & Amortization Expenses	527.7	521.13	487.72	574.21	503.4	475.99
Other Operating Expenses	106.39	72.61	48.05	91.37	87.84	19.7
Operating Income	807.46	799.43	730.86	723.35	612.1	604.87
Net Gains on Disposal of Properties	204.16	193.79	74.82	315.98	43.48	40.43
Interest Income	30.92	34.96	70.16	41.02	59.82	3.03
Interest Expense	-300.91	-291.26	-277.37	-291.85	-219.16	-196.83
Other Non-Operating Income (Expense)	-183.12	-232.11	-106.14	-36.18	129.97	-12.89
Total Non-Operating Income (Expense)	-248.96	-294.61	-238.52	28.97	14.1	-166.26
Pretax Income	558.51	504.82	492.34	752.32	626.21	438.61
Provision for Income Taxes	34.91	31.91	31.71	44.05	27.72	28.49
Net Income	516.84	466.36	460.84	708.33	599.14	409.99
Minority Interest in Earnings	6.76	6.56	-0.21	-0.07	-0.66	0.13
Net Income to Common	516.84	466.36	460.84	708.33	599.14	409.99
Net Income Growth	20.91%	1.20%	-34.94%	18.22%	46.14%	-9.96%
Shares Outstanding (Basic)	221	221	220	215	200	182
Shares Outstanding (Diluted)	221	221	221	216	200	183
Shares Change (YoY)	0.32%	0.27%	2.21%	7.65%	9.45%	4.74%
EPS (Basic)	2.34	2.11	2.09	3.29	3.00	2.25
EPS (Diluted)	2.34	2.11	2.09	3.28	2.99	2.24
EPS Growth	20.62%	0.96%	-36.28%	9.70%	33.48%	-13.85%
Shares Outstanding	219.15	219.15	218.85	218.67	210.62	190.01
Free Cash Flow	-	-566.23	568.98	-259.59	-246.62	-494
Free Cash Flow Per Share	-	-2.56	2.58	-1.20	-1.23	-2.70
Dividends Per Share	-	3.620	3.490	4.067	4.242	4.205
Dividend Growth	-	3.72%	-14.19%	-4.13%	0.88%	0.79%
Gross Margin	89.76%	89.35%	88.85%	87.28%	89.76%	90.67%
Operating Margin	45.85%	46.57%	46.17%	41.54%	41.38%	45.43%
Profit Margin	29.73%	27.55%	29.10%	40.67%	40.46%	30.80%
FCF Margin	-	-32.99%	35.94%	-14.91%	-16.67%	-37.10%
EBITDA	807.46	1,337	1,238	1,318	1,132	1,096
EBITDA Margin	45.85%	77.90%	78.20%	75.66%	76.52%	82.28%
EBIT	807.46	799.43	730.86	723.35	612.1	604.87
EBIT Margin	45.85%	46.57%	46.17%	41.54%	41.38%	45.43%
Effective Tax Rate	6.25%	6.32%	6.44%	5.86%	4.43%	6.49%

Updated Mar 31, 2026. Data Source: Fiscal.ai. Real Estate template. Financial Sources.

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