WPC
$63.83-1.24%
as of close, Oct 1, 2026
☾ AH $63.83 -1.24%
W. P. Carey Inc. REITStock · Real EstateRussell 1000 0.02%Russell 3000 0.02%MSCI World 0.02%MSCI ACWI 0.02%
WPC financial statements
The full income statement, balance sheet, and cash-flow statement for W. P. Carey Inc. REIT (WPC), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.
Shares outstanding (point-in-time)
2024-06 218.8M2024-09 218.8M2024-12 218.8M2025-03 219.0M2025-06 219.0M2025-09 219.1M2025-12 219.1M2026-03 222.7M2026-06 227.8M+4.1% over 8 periods
SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.
As-reported fiscal years.
| Line item | Trend | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Income Statement | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 1.72B+8.4% | 1.58B-9.1% | 1.74B+17.7% | 1.48B+11.1% | 1.33B+10.1% | ||
| Lease income | 1.48B+11.1% | 1.33B-6.7% | 1.43B+9.7% | 1.30B+10.5% | 1.18B+9.0% | |
| Cost of revenue | — | — | 368K-85.4% | 2.52M-37.6% | 4.04M-54.4% | |
| Selling, general & administrative | 101M+1.7% | 99.0M+2.7% | 96.4M+5.4% | 91.5M+11.7% | 81.9M+7.8% | |
| General & administrative | 101M+1.7% | 99.0M+2.7% | 96.4M+5.4% | 91.5M+11.7% | 81.9M+7.8% | |
| Amortization of intangibles | 175M-6.4% | 187M-24.6% | 248M+8.0% | 229M-3.1% | 237M+4.6% | |
| Provision for credit losses | 27.2M-1.6% | 27.6M-5.0% | 29.1M+302.4% | -14.4M-5499.6% | 266K-98.8% | |
| Interest expense | 291M+5.0% | 277M-5.0% | 292M+33.2% | 219M+11.3% | 197M-6.3% | |
| Other non-operating income | 17.0M-67.5% | 52.2M+143.6% | 21.4M-29.3% | 30.3M+118.7% | 13.9M+44.6% | |
| Equity-method income | 18.0M+0.5% | 17.9M-8.4% | 19.6M-33.7% | 29.5M+372.5% | -10.8M+41.6% | |
| Pre-tax income | 505M+2.5% | 492M-34.6% | 752M+20.1% | 626M+42.8% | 439M-1.5% | |
| Income tax | 31.9M+0.6% | 31.7M-28.0% | 44.1M+58.9% | 27.7M-2.7% | 28.5M+237.2% | |
| 466M+1.2% | 461M-34.9% | 708M+18.2% | 599M+46.1% | 410M-10.0% | ||
| Net income to non-controlling interest | 6.56M+3236.8% | -209K-198.6% | -70.0K+89.3% | -657K-590.3% | 134K-98.7% | |
| Net income to common | 466M+1.2% | 461M-34.9% | 708M+18.2% | 599M+46.1% | 410M-10.0% | |
| Weighted-avg shares (basic) | 221M+0.2% | 220M+2.2% | 215M+7.9% | 200M+9.4% | 182M+4.6% | |
| Weighted-avg shares (diluted) | 221M+0.3% | 221M+2.2% | 216M+7.7% | 200M+9.4% | 183M+4.7% | |
| Dividends per share | $3.62+3.7% | $3.49-14.2% | $4.07-4.1% | $4.24+0.9% | $4.21+0.8% | |
| Balance Sheet | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Cash & equivalents | 155M-75.7% | 640M+1.0% | 634M+277.3% | 168M+1.6% | 165M-33.5% | |
| 18.0B+2.6% | 17.5B-2.5% | 18.0B-0.7% | 18.1B+16.9% | 15.5B+5.3% | ||
| Operating lease right-of-use | — | — | — | — | 166M-8.2% | |
| Goodwill | 987M+2.0% | 968M-1.1% | 978M-5.7% | 1.04B+15.1% | 902M-1.0% | |
| 9.86B+8.3% | 9.10B-1.8% | 9.27B+1.9% | 9.09B+15.1% | 7.90B+0.9% | ||
| Long-term debt | 8.72B+8.5% | 8.04B-1.3% | 8.14B+3.4% | 7.88B+16.0% | 6.79B+1.4% | |
| Operating lease liability (total) | 144M+0.7% | 143M+3.3% | 139M-5.2% | 146M-0.1% | 146M-3.3% | |
| Deferred tax liabilities | 152M+3.0% | 147M-18.4% | 181M+0.9% | 179M+22.9% | 146M-0.2% | |
| 8.12B-3.7% | 8.43B-3.1% | 8.70B-3.3% | 8.99B+18.6% | 7.58B+10.3% | ||
| Preferred stock | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock | 219K+0.0% | 219K+0.0% | 219K+3.8% | 211K+11.1% | 190K+8.6% | |
| Additional paid-in capital | 11.8B+0.2% | 11.8B+0.2% | 11.8B+0.7% | 11.7B+17.3% | 9.98B+11.8% | |
| Accumulated other comprehensive income | -253M-1.2% | -250M+1.8% | -255M+10.2% | -284M-28.0% | -222M+7.6% | |
| Non-controlling interest | 15.9M+258.7% | 4.43M-32.5% | 6.56M-56.2% | 15.0M+800.2% | 1.67M+0.6% | |
| Total equity incl. non-controlling | 8.13B-3.6% | 8.43B-3.1% | 8.71B-3.3% | 9.01B+18.8% | 7.58B+10.3% | |
| Total liabilities & equity | 18.0B+2.6% | 17.5B-2.5% | 18.0B-0.7% | 18.1B+16.9% | 15.5B+5.3% | |
| Common shares issued | 219M+0.1% | 219M+0.1% | 219M+3.8% | 211M+10.8% | 190M+8.3% | |
| Common shares outstanding | 219M+0.1% | 219M+0.1% | 219M+3.8% | 211M+10.8% | 190M+8.3% | |
| Shares outstanding (cover) | 219M+0.1% | 219M+0.1% | 219M+3.8% | 211M+10.5% | 191M+8.7% | |
| Cash Flow | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 1.28B-30.0% | 1.83B+70.8% | 1.07B+7.0% | 1.00B+8.3% | 926M+15.6% | ||
| Depreciation & amortization | 538M+6.0% | 507M-14.7% | 594M+14.3% | 520M+5.9% | 491M+7.6% | |
| Intangible amortization | 175M-6.4% | 187M-24.6% | 248M+8.0% | 229M-3.1% | 237M+4.6% | |
| Deferred income taxes | -10.9M-156.4% | -4.25M-2033.2% | -199K+97.5% | -8.07M-71.6% | -4.70M+90.4% | |
| -960M+15.3% | -1.13B-25.2% | -906M+13.9% | -1.05B+32.8% | -1.57B-190.2% | ||
| Capital expenditure | 1.66B+46.8% | 1.13B-6.8% | 1.21B+5.7% | 1.15B-12.3% | 1.31B+99.1% | |
| Free cash flow | -375M-153.2% | 704M+610.5% | -138M+3.0% | -142M+62.6% | -380M-361.9% | |
| Acquisitions | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Other investing activities | -8.82M-92.6% | -4.58M-135.8% | 12.8M-35.3% | 19.8M+0.7% | 19.6M+1785.1% | |
| -762M-10.6% | -688M-335.3% | 293M+405.4% | 57.9M-89.6% | 557M+364.4% | ||
| Long-term debt issued | 396M-77.0% | 1.73B | 0.00-100.0% | 335M-75.8% | 1.39B+179.5% | |
| Long-term debt repaid | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock issued | 0.00 | 0.00 | 0.00-100.0% | 218M-35.9% | 340M+215069.6% | |
| Common stock repurchased | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Dividends paid | 790M+3.3% | 765M-16.5% | 917M+9.7% | 835M+9.3% | 764M+5.1% | |
| Other financing activities | 3.11M+124.3% | -12.8M-764.1% | 1.93M-78.2% | 8.84M+91.9% | 4.61M-48.3% | |
| FX effect on cash | 21.2M+276.5% | -12.0M-255.7% | 7.72M+383.7% | -2.72M+74.4% | -10.6M-213.5% | |
| Net change in cash | -418M-32837.7% | -1.27M-100.3% | 468M+7456.6% | 6.19M+106.6% | -93.8M-255.7% | |
| Income taxes paid | 40.1M+10.5% | 36.3M-6.0% | 38.6M-9.4% | 42.6M-3.8% | 44.3M+1.8% | |
| Valuation Ratios | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Market cap | 14.1B+18.3% | 11.9B-15.9% | 14.2B-11.0% | 15.9B+4.0% | 15.3B+26.3% | |
| P/E | 30.2×+16.9% | 25.9×+41.2% | 18.3×-43.7% | 32.6×-12.9% | 37.4×+40.3% | |
| P/S | 8.2×+9.1% | 7.5×-8.0% | 8.2×-25.4% | 11.0×-4.6% | 11.5×+14.7% | |
| P/B | 1.7×+22.8% | 1.4×-8.8% | 1.6×-14.3% | 1.8×-10.4% | 2.0×+14.6% | |
| P/FCF | — | 16.9×-91.2% | 192.4× | — | — | |
| Earnings yield | 3.3%-14.5% | 3.9%-29.2% | 5.5%+77.7% | 3.1%+14.8% | 2.7%-28.7% | |
| FCF yield | — | 5.9%+1036.5% | 0.52% | — | — | |
| Dividend yield | 5.6%-12.2% | 6.4%+2.1% | 6.3%+13.2% | 5.5%+5.9% | 5.2%-13.3% | |
| Source filing | 10-K | 10-K | 10-K | 10-K | 10-K |
About this data
Source: WPC’s SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn’t file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all WPC filings on SEC EDGAR → Not investment advice.