W.P. Carey Inc.

WPC Real Estate Reit Diversified

W.P. Carey Inc.’s revenue for fiscal 2025 (year ended December 2025) was $1.7 billion, up 8.43% from fiscal 2024.

Revenue
+8.58%
EPS
−4.47%
Free cash flow
−55.9%
Total debt
+1.14%

Quarter to September 2026, against a year earlier

65.41 0.78 +1.21%
Market cap
$14.9B
P/E
22.2×
Fwd P/E
21.2×
Dividend yield
5.79%
F-score
6/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a

W.P. Carey Inc. (WPC) Free cash flow margin

Alert me on Free cash flow margin

W.P. Carey Inc.'s free cash flow margin over the twelve months to 30 September 2026 was −10.4%, down 52.0 percentage points from fiscal 2025 (41.6%). Over the past ten years it has ranged from −24.8% (fiscal 2021) to 67.2% (fiscal 2017); the current reading is higher than 73% of that period. That is below the Reit Diversified industry median of 4.30% and below the Real Estate sector median of 9.33%.

Free cash flow margin, annual

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Annual newest first

Period Free cash flow margin Change (points)
FY2025 41.6% (20.22)
FY2024 61.8% 51.08
FY2023 10.7% 11.54
FY2022 −0.81% 24.00
FY2021 −24.8% (49.99)
FY2020 25.2% 5.96
FY2019 19.2% 6.40
FY2018 12.8% (54.42)
FY2017 67.2% 14.87
FY2016 52.4% 70.22

Against its own ten years

Low −24.8% High 67.2%
Ten-year median 19.2%
Current reading's percentile 73

Free cash flow margin against peers

Company Free cash flow margin
VICI VICI Properties Inc. compare 65.1%
GNL Global Net Lease, Inc. compare 43.8%
AAT American Assets Trust, Inc. compare 16.9%
JBGS JBG SMITH Properties compare −8.31%
WPC W.P. Carey Inc. −10.4%
SAFE Safehold Inc. compare −33.3%
CTO CTO Realty Growth, Inc. compare −38.4%
ESRT Empire State Realty Trust, Inc. compare −38.4%
BNL Broadstone Net Lease, Inc. compare −87.1%
Reit Diversified industry median 4.30%
Real Estate sector median 9.33%
Market median 0.00%

What Free cash flow margin is

Free Cash Flow Margin tells an investor how much of each sale turns into cash the company keeps after paying for investment in its assets.

(Operating Cash Flow + Property, Plant, Equipment Change (Net) + Intangible Assets Change (Net)) ÷ Revenue

The full definition of Free cash flow margin →

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