W. P. Carey Inc.
WPC- Exchange
- NYSE
- Industry
- Real Estate Investment Trusts
- SEC CIK
- 0001025378
No open-market purchases or sales by W. P. Carey Inc. insiders were filed in the last 90 days; 908 institutions reported holding it in 13F filings for Q2 2026, worth $12.8B in total; no superinvestor holds it.
- Currency
- USD
- Source
- SEC XBRL data (10-K, 10-Q, 20-F, 40-F)
- Updated
- Oct 29, 2026, 1:12 AM ET
Revenue flow, FY2025
Where the revenue went in FY2025, from the income statement below. Green is profit; orange is costs, expenses and taxes. Percentages are shares of revenue; hover over a band or a bar for the exact amount.
Income statement
Each column is one fiscal year, newest first.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Period end | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 |
| Filing | 10-K | 10-K | 10-K | 10-K | 10-K |
| Reported | Feb 10, 2026 | Feb 11, 2025 | Feb 9, 2024 | Feb 10, 2023 | Feb 11, 2022 |
| Revenue | $1.72B | $1.58B | $1.74B | $1.48B | $1.33B |
| Cost of revenue | – | – | $368.0K | $2.52M | $4.04M |
| Selling, general and administrative | $100.7M | $99.0M | $96.0M | $89.0M | $81.9M |
| Interest expense | $267.5M | $256.6M | $291.9M | $219.2M | $196.8M |
| Income tax | $31.9M | $31.7M | $44.1M | $27.7M | $28.5M |
| Net income | $466.4M | $460.8M | $708.3M | $599.1M | $410.0M |
| Weighted shares, basic | 220.5M | 220.2M | 215.4M | 199.6M | 182.5M |
| Weighted shares, diluted | 221.1M | 220.5M | 215.8M | 200.4M | 183.1M |
| Margins and growth | |||||
| Net margin | 27.2% | 29.1% | 40.7% | 40.5% | 30.8% |
| Revenue growth, year over year | +8.4% | −9.1% | +17.7% | +11.1% | +10.1% |
| Net income growth, year over year | +1.2% | −34.9% | +18.2% | +46.1% | −10.0% |
Balance sheet
Each column is one fiscal year, newest first.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Period end | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 |
| Filing | 10-K | 10-K | 10-K | 10-K | 10-K |
| Reported | Feb 10, 2026 | Feb 11, 2025 | Feb 9, 2024 | Feb 10, 2023 | Feb 11, 2022 |
| Cash and equivalents | $155.3M | $640.4M | $633.9M | $168.0M | $165.4M |
| Goodwill | $987.1M | $967.8M | $978.3M | $1.04B | $901.5M |
| Total assets | $18.0B | $17.5B | $18.0B | $18.1B | $15.5B |
| Long-term debt | $8.72B | $8.04B | $8.14B | $7.88B | $6.79B |
| Total liabilities | $9.86B | $9.10B | $9.27B | $9.09B | $7.90B |
| Shareholders' equity | $8.13B | $8.43B | $8.71B | $9.01B | $7.58B |
Cash flow statement
Each column is one fiscal year, newest first. Free cash flow is operating cash flow minus capital expenditures.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Period end | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 |
| Filing | 10-K | 10-K | 10-K | 10-K | 10-K |
| Reported | Feb 10, 2026 | Feb 11, 2025 | Feb 9, 2024 | Feb 10, 2023 | Feb 11, 2022 |
| Operating cash flow | $1.28B | $1.83B | $1.07B | $1.00B | $926.5M |
| Depreciation and amortization | $521.1M | $487.7M | $574.2M | $503.4M | $476.0M |
| Stock-based compensation | $39.9M | $40.9M | $34.5M | $32.8M | $24.9M |
| Dividends paid | $790.0M | $765.1M | $916.5M | $835.3M | $764.3M |
| Investing cash flow | -$960.1M | -$1.13B | -$905.9M | -$1.05B | -$1.57B |
| Financing cash flow | -$761.7M | -$688.5M | $292.6M | $57.9M | $557.0M |
| Net change in cash | -$418.3M | -$1.27M | $467.8M | $6.19M | -$93.8M |
| Ratio | |||||
| Stock-based compensation, % of revenue | 2.3% | 2.6% | 2.0% | 2.2% | 1.9% |
Shares outstanding
Common shares outstanding as stated on the cover of each 10-K and 10-Q. The date is the cover date, not the period end; a rising count means dilution.
| Cover date | Shares outstanding | Change in a year | Filing |
|---|---|---|---|
| Oct 23, 2026 | 230.1M | +5.0% | SEC |
| Jul 24, 2026 | 227.8M | +4.0% | SEC |
| Apr 24, 2026 | 222.7M | +1.7% | SEC |
| Feb 6, 2026 | 219.1M | +0.1% | SEC |
| Oct 24, 2025 | 219.1M | +0.1% | SEC |
| Jul 25, 2025 | 219.0M | +0.1% | SEC |
| Apr 25, 2025 | 219.0M | +0.1% | SEC |
| Feb 7, 2025 | 218.8M | +0.1% | SEC |
Notes and known gaps
How these numbers are put together, and what they can't tell you.
- Numbers come from the XBRL data in each period's original 10-K, 10-Q, 20-F or 40-F, or its amendment. They are shown as filed: later filings don't restate earlier periods here.
- Reported is the filing date of the first 8-K with Item 2.02 (results of operations) after the period ended, no later than the 10-Q or 10-K and within 120 days. Companies that release results only in the 10-Q, and foreign companies, which use Form 6-K, have none.
Known gaps
- Foreign companies that file Form 20-F or 40-F have annual statements only: their quarterly results are furnished on Form 6-K, which has no XBRL data.
- EPS and share counts are as reported at the time, not adjusted for later stock splits.
- For ADRs, EPS is per ordinary share, not per ADS (one TSMC ADS is five ordinary shares).
- For banks, revenue may be interest income only, depending on how the bank tags its filings; cost of revenue and gross profit are usually blank.
- Companies with several share classes, such as Berkshire Hathaway, may have no EPS and no cover share count.
- Depreciation and amortization is missing for some companies that report it under their own XBRL tags.