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) Operating margin

Alert me on Operating margin

W.P. Carey Inc.'s operating margin over the twelve months to 30 September 2026 was 43.8%, down 2.8 percentage points from fiscal 2025 (46.6%). Over the past ten years it has ranged from 34.0% (fiscal 2016) to 46.6% (fiscal 2025) — the current reading is the highest in ten years. That is above the Reit Diversified industry median of 31.7% and above the Real Estate sector median of 18.4%.

Operating margin, annual

Embed this chart

Annual newest first

Period Operating margin Change (points)
FY2025 46.6% 0.40
FY2024 46.2% 4.63
FY2023 41.5% 0.16
FY2022 41.4% (4.05)
FY2021 45.4% 2.62
FY2020 42.8% 2.12
FY2019 40.7% 0.13
FY2018 40.6% (1.71)
FY2017 42.3% 8.30
FY2016 34.0% (4.13)

Quarterly newest first

Period Operating margin Change (points)
Sep 2026 55.2% 19.69
Jun 2026 35.5% (8.40)
Mar 2026 43.9% 3.51
Dec 2025 40.4% (7.44)
43 more quarters

Against its own ten years

Low 34.0% High 46.6%
Ten-year median 41.5%
Current reading's percentile 67

Operating margin against peers

Company Operating margin
VICI VICI Properties Inc. compare 77.4%
SAFE Safehold Inc. compare 75.6%
BNL Broadstone Net Lease, Inc. compare 46.0%
WPC W.P. Carey Inc. 43.8%
GNL Global Net Lease, Inc. compare 39.6%
CTO CTO Realty Growth, Inc. compare 37.5%
AAT American Assets Trust, Inc. compare 23.6%
JBGS JBG SMITH Properties compare −0.88%
ESRT Empire State Realty Trust, Inc. compare −4.40%
Reit Diversified industry median 31.7%
Real Estate sector median 18.4%
Market median 0.00%

What Operating margin is

EBIT Margin tells an investor how much operating profit, before interest and taxes, a company keeps from each unit of revenue.

EBIT ÷ Revenue

The full definition of Operating margin →

More on WPC