Saturday 17 October 2026 Export WPC’s income statement to Excel — free account

W.P. Carey Inc.

W.P. Carey Inc.’s revenue for fiscal 2025 (year ended December 2025) was $1.7 billion, up 8.43% from fiscal 2024. In the quarter to June 2026, revenue grew 7.03%, EPS grew 256.5%, free cash flow fell 230.1% and total debt rose 2.50%, each against the same quarter a year earlier. Dividend growth for three consecutive years.

65.08 0.63 +0.98%

Follow WPC

Alert me

Market cap: $14.7B
P/E: 22.2×
Fwd P/E: 25.7×
Dividend yield: 5.75%
F-score: 6/9
Altman Z: n/a
Beneish M: n/a
Dividend safety: n/a

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total sells 0.03

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	—	—	—	—	—	—
Sell	—	—	—	—	—	—	1	—	—	—	—	—

Insider Ownership 0.26%

Capital & Financial Ratios $m

Market Cap 14,680.00

Revenue 1,791.42

Net Income 657.94

Free Cash Flow (103.87)

Net Debt 8,688.31

Current Ratio 0.22

Debt/Equity 1.02

P/E ratio 22.21

Fwd P/E 25.70

P/S ratio 8.21

P/B ratio 1.69

Past 5Y EPS Growth (4.09%)

This Y EPS Growth 28.37%

Next Y EPS Growth (1.04%)

Next Y revenue growth 7.55%

Next 5Y EPS Growth 10.09%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/E against its own 10 years 15.44%

10-year low 10-year high

P/S against its own 10 years 33.32%

10-year low 10-year high

P/B against its own 10 years 31.18%

10-year low 10-year high

EV/Sales against its own 10 years 34.28%

10-year low 10-year high

Dividends

Payout Ratio 1.28

Annual Dividend Rate 3.74

Annual Dividend Yield 5.75%

	total	individual payouts
2028	Powerpack
2027	Powerpack
2026	3.75	0.93 0.94 0.95
2025	3.62	0.89 0.90 0.91 0.92
2024	3.49	0.87 0.87 0.88 0.88
2023	4.07	1.07 1.07 1.07 0.86
2022	4.24	1.06 1.06 1.06 1.07
2021	4.21	1.05 1.05 1.05 1.06
2020	4.17	1.04 1.04 1.04 1.05
2019	4.14	1.03 1.03 1.04 1.04
2018	4.09	1.02 1.02 1.03 1.03
2017	4.01	1.00 1.00 1.01 1.01
2016	3.93	0.97 0.98 0.99 0.99

predictions special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	634	640	155	164
Receivables	—	—	—	—
Inventory	—	—	—	—
Other	—	—	—	—
	634	640	155	164

	2023	2024	2025	Q'26
Payables	616	597	670	621
ST’ Debt	404	55	435	116
Other	—	—	—	—
	1,020	652	1,105	737

Compound Annual Growth %

	10y	5y	3y
Sales	6.22%	7.26%	5.09%
Cash Flow	9.69%	9.85%	8.51%
Earnings	10.47%	0.48%	(8.01%)
Book Value	8.61%	3.41%	(3.35%)

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	455	461	—	—	—
’25	410	431	431	445	1,716
’24	390	390	397	406	1,583
’23	428	453	449	412	1,741
’22	348	344	384	403	1,479
’21	311	320	326	375	1,332
’20	309	291	302	307	1,209

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	283	333	—	—	—
’25	273	404	300	305	1,282
’24	1,036	221	280	296	1,833
’23	283	248	282	261	1,073
’22	236	211	256	301	1,004
’21	188	210	227	301	926
’20	180	160	217	245	802

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	(65)	(309)	—	—	—
’25	207	237	155	115	714
’24	903	101	173	(198)	978
’23	180	(501)	323	185	187
’22	(3)	(50)	(172)	213	(12)
’21	126	(465)	0	10	(330)
’20	285	(106)	26	100	305

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	0.80	0.82	—	—	—
’25	0.57	0.23	0.64	0.67	2.11
’24	0.72	0.65	0.51	0.21	2.09
’23	1.39	0.67	0.58	0.66	3.28
’22	0.82	0.66	0.51	1.00	2.99
’21	0.29	0.67	0.74	0.53	2.24
’20	0.38	0.61	0.85	0.76	2.60

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	50.07	57.74	58.01	62.45	37.83	64.40	66.38	50.30	53.09	52.91	Analyst estimates 2026–2028 Powerpack
	High	71.39	70.92	69.82	91.69	87.16	81.48	87.79	84.17	67.40	69.79
People
People	Employees	281	207	206	204	188	183	193	197	203	199
	Revenue/emp, $m	3.35	4.10	4.30	6.04	6.43	7.28	7.66	8.84	7.80	8.63
Income, $m
Income, $m	Revenue	942	848	886	1,233	1,209	1,332	1,479	1,741	1,583	1,716
	Gross margin, %	84.99	86.59	89.51	87.86	90.14	90.67	89.76	87.28	88.85	89.35
	EBT	278	288	439	333	445	439	626	752	492	505
	EBT margin, %	29.54	33.93	49.54	26.99	36.81	32.94	42.34	43.20	31.10	29.41
	Net income	275	285	424	307	466	410	598	708	461	473
	Depreciation	283	316	349	545	509	548	592	628	532	544
Per share, $
Per share, $	Revenue	8.82	7.87	7.54	7.21	6.93	7.30	7.41	8.09	7.19	7.78
	Earnings	2.51	2.56	3.50	1.78	2.61	2.25	3.00	3.29	2.09	2.11
	Cash flow	5.12	4.83	4.33	4.75	4.59	5.08	5.03	4.98	8.33	5.82
	Capex	(0.50)	0.46	(3.37)	(3.36)	(2.85)	(6.89)	(5.09)	(4.12)	(3.88)	(2.58)
	Free cash flow	4.62	5.29	0.97	1.39	1.75	(1.81)	(0.06)	0.87	4.44	3.24
	Book value	32.09	31.64	58.13	40.63	39.42	41.56	45.13	40.43	38.31	36.89
	Shares, m	107	108	117	171	175	182	200	215	220	221
Valuation, ×
Valuation, ×	P/E	23.62	26.16	19.16	43.79	26.59	35.88	25.55	19.95	26.07	30.50
	P/S	6.67	8.51	8.49	10.87	9.98	11.01	10.35	8.14	7.58	8.27
	P/B	1.83	2.12	1.10	1.93	1.75	1.93	1.70	1.63	1.42	1.74
	EV/Sales	11.22	13.35	15.45	15.63	15.31	16.02	15.56	12.45	12.25	13.26
	EV/FCF	21.42	19.85	120.47	81.32	60.79	(64.59)	(1,923.10)	116.08	19.82	31.88
Cash, $m
Cash, $m	Operating cash flow	547	521	509	812	802	926	1,004	1,073	1,833	1,282
	Capex	(54)	50	(396)	(575)	(497)	(1,257)	(1,016)	(887)	(855)	(568)
	Free cash flow	493	570	114	237	305	(330)	(12)	187	978	714
Balance, $m
Balance, $m	Working capital	(788)	(318)	(278)	(493)	(437)	(407)	(732)	(386)	(12)	(950)
	Total debt	4,441	4,265	6,379	6,054	6,696	6,838	7,878	8,144	8,039	8,723
	Net debt	4,285	4,103	6,161	5,858	6,447	6,672	7,710	7,510	7,399	8,567
	Shareholders’ equity	3,425	3,411	6,830	6,948	6,878	7,583	9,009	8,707	8,434	8,134
Returns, %
Returns, %	ROA	3.11	3.32	3.67	2.16	3.17	2.72	3.57	3.93	2.60	2.63
	ROIC	2.59	2.98	1.73	2.45	2.43	2.65	2.29	2.79	2.89	2.99
	ROE	7.66	8.11	8.04	4.43	6.59	5.67	7.22	8.00	5.38	5.63

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
VICI VICI Properties Inc.	$25.8B	9.1×	9.4×	+5.71% (above 0%: growing)	−41.46% (below 0%: shrinking)	+13.54% (above 0%: growing)	100.00%	70.18%	Compare
WPC W.P. Carey Inc.	$14.7B	22.2×	25.7×	+7.03% (above 0%: growing)	+256.52% (above 0%: growing)	−230.11% (below 0%: shrinking)	90.61%	35.47%
BNL Broadstone Net Lease, Inc.	$3.5B	23.9×	25.2×	+8.25% (above 0%: growing)	+90.91% (above 0%: growing)	+126.12% (above 0%: growing)	95.24%	42.47%	Compare
GNL Global Net Lease, Inc.	$1.7B	— (loss-making)	— (loss-making)	−9.95% (below 0%: shrinking)	n/m	+54.71% (above 0%: growing)	88.09%	48.66%	Compare
AAT American Assets Trust, Inc.	$1.3B	73.4×	51.4×	+1.44% (above 0%: growing)	0.00%	−13.90% (below 0%: shrinking)	70.98%	24.02%	Compare
JBGS JBG SMITH Properties	$826.8M	— (loss-making)	— (loss-making)	+2.29% (above 0%: growing)	n/m	+71.92% (above 0%: growing)	62.69%	2.98%	Compare
ESRT Empire State Realty Trust, Inc.	$818.9M	154×	110×	+2.95% (above 0%: growing)	n/m	+42.29% (above 0%: growing)	74.97%	(70.45%)	Compare
SAFE Safehold Inc.	$817.9M	7.0×	9.3×	+22.17% (above 0%: growing)	+7.69% (above 0%: growing)	−181.89% (below 0%: shrinking)	87.18%	73.05%	Compare
CTO CTO Realty Growth, Inc.	$772.2M	15.1×	45.6×	+16.45% (above 0%: growing)	n/m	+162.11% (above 0%: growing)	74.62%	30.23%	Compare
Median of peers	$1.1B	19.5×	35.4×	+4.33%	+3.85%	+48.50%	81.08%	36.35%

All 16 Reit Diversified stocks →

W.P. Carey Inc. (WPC) key facts

Strength: W.P. Carey Inc.’s revenue for fiscal 2025 (year ended December 2025) was $1.7 billion, up 8.43% from fiscal 2024.
Strength: Net income was $472.9 million, or $2.11 per share (basic), a net margin of 27.2%.
W.P. Carey Inc. (WPC) is a Reit Diversified company in the Real Estate sector, listed on the New York Stock Exchange.
As of October 16, 2026, WPC traded at $65.08, a market capitalization of $14.7 billion.
At that price the stock trades at 22.2× trailing-twelve-month earnings and 8.2× sales; its P/E is higher than 15% of its own readings over the past ten years.
W.P. Carey Inc. pays an annual dividend of $3.74 per share, a yield of 5.75%, with a payout ratio of 127.7%.
Return on equity was 5.63% and debt-to-equity 1.02.
Its Piotroski F-score is 6 out of 9 for fiscal 2025.