W. P. Carey Inc's income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), W. P. Carey Inc reported revenue of $1.7B (+8.4% year on year) and net income of $472.9M (+2.7% year on year).
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Lease revenues | $1.5B | $1.3B | $1.4B | $1.3B |
| Income from finance leases and loans receivable | $90.9M | $73.3M | $107.2M | $74.3M |
| Other lease-related income | $24.6M | $20.3M | $23.3M | $33.0M |
| Operating property revenues | $112.5M | $146.8M | $183.5M | $70.2M |
| Total revenues | $1.7B | $1.6B | $1.7B | $1.5B |
| Depreciation and amortization | $521.1M | $487.7M | $574.2M | $503.4M |
| General and administrative | $100.7M | $99.0M | $96.0M | $89.0M |
| Impairment charges — real estate | $70.4M | $43.6M | $86.4M | $39.1M |
| Reimbursable tenant costs | $68.7M | $56.0M | $81.9M | $73.6M |
| Operating property expenses | $60.2M | $70.9M | $95.1M | $27.1M |
| Property expenses, excluding reimbursable tenant costs | $53.8M | $49.7M | $44.5M | $50.8M |
| Stock-based compensation expense | $39.9M | $40.9M | $34.5M | $32.8M |
| Merger and other expenses | $2.2M | $4.5M | $5.0M | $19.4M |
| Total operating expenses | $917.1M | $852.2M | $1.0B | $867.0M |
| Interest expense | ($291.3M) | ($277.4M) | ($291.9M) | ($219.2M) |
| Other gains and (losses) | ($232.1M) | ($138.0M) | ($36.2M) | $96.0M |
| Gain on sale of real estate, net | $193.8M | $74.8M | $316.0M | $43.5M |
| Earnings from equity method investments | $18.0M | $17.9M | $19.6M | $29.5M |
| Non-operating income | $17.0M | $52.2M | $21.4M | $30.3M |
| Gain on change in control of interests | $0 | $31.8M | $0 | $33.9M |
| Total other income and expenses | ($294.6M) | ($238.5M) | $29.0M | $14.1M |
| Income before income taxes | $504.8M | $492.3M | $752.3M | $626.2M |
| Provision for income taxes | ($31.9M) | ($31.7M) | ($44.1M) | ($27.7M) |
| Net Income | $472.9M | $460.6M | $708.3M | $598.5M |
| Net (income) loss attributable to noncontrolling interests | ($6.6M) | $209.0K | $70.0K | $657.0K |
| Net Income Attributable to W. P. Carey | $466.4M | $460.8M | $708.3M | $599.1M |
| Basic Earnings Per Share (usd per share) | $2.11 | $2.09 | $3.29 | $3.00 |
| Diluted Earnings Per Share (usd per share) | $2.11 | $2.09 | $3.28 | $2.99 |
| Basic (in shares) | 220.5M | 220.2M | 215.4M | 199.6M |
| Diluted (in shares) | 221.1M | 220.5M | 215.8M | 200.4M |
| Line item | Jun 30, 2026 · Q2 | Mar 31, 2026 · Q1 | Sep 30, 2025 · Q3 | Jun 30, 2025 · Q2 |
|---|---|---|---|---|
| Lease revenues | $409.7M | $402.8M | $372.1M | $364.2M |
| Income from finance leases and loans receivable | $27.2M | $27.7M | $26.5M | $20.3M |
| Other lease-related income | $11.2M | $10.5M | $3.7M | $9.6M |
| Operating property revenues | $11.6M | $12.1M | $29.1M | $36.7M |
| Revenues | $461.1M | $454.5M | $431.3M | $430.8M |
| Depreciation and amortization | $134.4M | $136.2M | $125.6M | $120.6M |
| Impairment charges — real estate | $79.4M | $40.0M | $19.5M | $4.3M |
| General and administrative | $25.9M | $27.3M | $23.7M | $24.1M |
| Reimbursable tenant costs | $19.5M | $19.7M | $14.6M | $17.7M |
| Property expenses, excluding reimbursable tenant costs | $15.2M | $14.6M | $14.6M | $13.6M |
| Stock-based compensation expense | $13.9M | $7.4M | $11.2M | $10.9M |
| Operating property expenses | $8.6M | $8.7M | $15.0M | $16.7M |
| Merger and other expenses | $613.0K | $1.2M | $1.0M | $192.0K |
| Total operating expenses | $297.5M | $255.1M | $225.1M | $208.3M |
| Interest expense | ($79.0M) | ($78.5M) | ($75.2M) | ($71.8M) |
| Earnings from equity method investments | $55.6M | $4.5M | $2.4M | $6.2M |
| Other gains and (losses) | $48.6M | $6.8M | ($31.0M) | ($148.8M) |
| Gain on sale of real estate, net | $5.8M | $54.1M | $44.4M | $52.8M |
| Non-operating income | $4.2M | $4.7M | $3.0M | $3.5M |
| Total other income and expenses | $35.2M | ($8.3M) | ($56.4M) | ($158.1M) |
| Income before income taxes | $198.8M | $191.1M | $149.7M | $64.4M |
| Provision for income taxes | ($13.1M) | ($14.6M) | ($8.5M) | ($13.1M) |
| Net Income | $185.7M | $176.5M | $141.2M | $51.3M |
| Net income attributable to noncontrolling interests | ($270.0K) | ($194.0K) | ($229.0K) | ($92.0K) |
| Net Income Attributable to W. P. Carey | $185.4M | $176.3M | $141.0M | $51.2M |
| Basic Earnings Per Share (in dollars per share) | $0.82 | $0.80 | $0.64 | $0.23 |
| Diluted Earnings Per Share (in dollars per share) | $0.82 | $0.80 | $0.64 | $0.23 |
| Basic (in shares) | 226.0M | 220.6M | 220.6M | 220.6M |
| Diluted (in shares) | 227.2M | 221.6M | 221.1M | 220.9M |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Land, buildings and improvements — net lease and other | $14.5B | $12.8B | $12.1B | $13.3B |
| Land, buildings and improvements — operating properties | $286.1M | $1.2B | $1.3B | $1.1B |
| Net investments in finance leases and loans receivable | $1.2B | $798.3M | $1.5B | $771.8M |
| In-place lease intangible assets and other | $2.5B | $2.3B | $2.3B | $2.7B |
| Above-market rent intangible assets | $668.7M | $665.5M | $706.8M | $833.8M |
| Investments in real estate | $19.0B | $17.8B | $17.9B | $18.7B |
| Accumulated depreciation and amortization | ($3.6B) | ($3.2B) | ($3.0B) | ($3.3B) |
| Assets held for sale, net | $3.3M | $0 | $37.1M | $57.9M |
| Net investments in real estate | $15.5B | $14.6B | $14.9B | $15.5B |
| Equity method investments | $310.2M | $301.1M | $354.3M | $327.5M |
| Cash and cash equivalents | $155.3M | $640.4M | $633.9M | $168.0M |
| Other assets, net | $1.1B | $1.0B | $1.1B | $1.1B |
| Goodwill | $987.1M | $967.8M | $978.3M | $1.0B |
| Total assets | $18.0B | $17.5B | $18.0B | $18.1B |
| Senior unsecured notes, net | $7.0B | $6.5B | $6.0B | $5.9B |
| Unsecured term loans, net | $1.2B | $1.1B | $1.1B | $552.5M |
| Unsecured revolving credit facility | $435.4M | $55.4M | $403.8M | $276.4M |
| Non-recourse mortgages, net | $140.6M | $401.8M | $579.1M | $1.1B |
| Debt, net | $8.7B | $8.0B | $8.1B | $7.9B |
| Accounts payable, accrued expenses and other liabilities | $670.0M | $597.0M | $615.8M | $623.8M |
| Below-market rent intangible liabilities, net | $104.1M | $119.8M | $136.9M | $184.6M |
| Deferred income taxes | $151.8M | $147.5M | $180.7M | $179.0M |
| Dividends payable | $207.5M | $197.6M | $192.3M | $228.3M |
| Total liabilities | $9.9B | $9.1B | $9.3B | $9.1B |
| Preferred stock, $0.001 par value, 50,000,000 shares authorized; none issued | 0 | 0 | 0 | 0 |
| Common stock, $0.001 par value, 450,000,000 shares authorized; 219,145,876 and 218,848,844 shares, respectively, issued and outstanding | 219.0K | 219.0K | 219.0K | 211.0K |
| Additional paid-in capital | $11.8B | $11.8B | $11.8B | $11.7B |
| Distributions in excess of accumulated earnings | ($3.5B) | ($3.2B) | ($2.9B) | ($2.5B) |
| Deferred compensation obligation | $80.2M | $78.5M | $62.0M | $57.0M |
| Accumulated other comprehensive loss | ($253.3M) | ($250.2M) | ($254.9M) | ($283.8M) |
| Total stockholders’ equity | $8.1B | $8.4B | $8.7B | $9.0B |
| Noncontrolling interests | $15.9M | $4.4M | $6.6M | $15.0M |
| Total equity | $8.1B | $8.4B | $8.7B | $9.0B |
| Total liabilities and equity | $18.0B | $17.5B | $18.0B | $18.1B |
| Line item | Jun 30, 2026 | Mar 31, 2026 | Sep 30, 2025 | Jun 30, 2025 |
|---|---|---|---|---|
| Land, buildings and improvements — net lease and other | $15.2B | $14.6B | $14.1B | $13.6B |
| Land, buildings and improvements — operating properties | $181.7M | $228.1M | $626.4M | $1.0B |
| Net investments in finance leases and loans receivable | $1.2B | $1.2B | $1.1B | $1.1B |
| In-place lease intangible assets and other | $2.6B | $2.5B | $2.4B | $2.4B |
| Above-market rent intangible assets | $653.3M | $658.1M | $671.5M | $679.1M |
| Investments in real estate | $19.8B | $19.2B | $18.9B | $18.8B |
| Accumulated depreciation and amortization | ($3.7B) | ($3.6B) | ($3.5B) | ($3.5B) |
| Assets held for sale, net | $10.4M | $10.5M | $8.1M | $60.0M |
| Net investments in real estate | $16.2B | $15.6B | $15.4B | $15.3B |
| Equity method investments | $279.5M | $309.3M | $311.2M | $311.4M |
| Cash and cash equivalents | $163.5M | $239.3M | $249.0M | $244.8M |
| Other assets, net | $1.0B | $1.1B | $1.0B | $1.1B |
| Goodwill | $982.6M | $984.0M | $987.0M | $986.5M |
| Total assets | $18.6B | $18.2B | $18.0B | $18.0B |
| Senior unsecured notes, net | $7.4B | $7.4B | $6.9B | $6.5B |
| Unsecured term loans, net | $1.2B | $1.2B | $1.2B | $1.2B |
| Unsecured revolving credit facility | $116.2M | $62.0M | $354.8M | $660.9M |
| Non-recourse mortgages, net | $194.2M | $101.1M | $191.4M | $235.4M |
| Debt, net | $8.9B | $8.8B | $8.7B | $8.6B |
| Accounts payable, accrued expenses and other liabilities | $621.1M | $624.4M | $647.3M | $655.0M |
| Below-market rent intangible liabilities, net | $97.2M | $98.3M | $111.3M | $111.8M |
| Deferred income taxes | $157.1M | $151.7M | $164.8M | $168.2M |
| Dividends payable | $218.8M | $211.1M | $204.7M | $201.9M |
| Total liabilities | $9.9B | $9.8B | $9.8B | $9.8B |
| Preferred stock, $0.001 par value, 50,000,000 shares authorized; none issued | 0 | 0 | 0 | 0 |
| Common stock, $0.001 par value, $450,000,000 shares authorized; $227,807,251 and $219,145,876 shares, respectively, issued and outstanding | 228.0K | 223.0K | 219.0K | 219.0K |
| Additional paid-in capital | $12.4B | $12.1B | $11.8B | $11.8B |
| Distributions in excess of accumulated earnings | ($3.6B) | ($3.6B) | ($3.5B) | ($3.4B) |
| Deferred compensation obligation | $100.2M | $100.5M | $80.2M | $97.0M |
| Accumulated other comprehensive loss | ($241.7M) | ($241.3M) | ($262.2M) | ($264.8M) |
| Total stockholders’ equity | $8.7B | $8.3B | $8.2B | $8.2B |
| Noncontrolling interests | $16.2M | $16.0M | $16.4M | $13.5M |
| Total equity | $8.7B | $8.4B | $8.2B | $8.2B |
| Total liabilities and equity | $18.6B | $18.2B | $18.0B | $18.0B |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Net income | $472.9M | $460.6M | $708.3M | $598.5M |
| Depreciation and amortization, including intangible assets and deferred financing costs | $537.6M | $507.1M | $594.2M | $519.7M |
| Net realized and unrealized losses on equity securities, foreign currency exchange rate movements, extinguishment of debt, and other | $204.4M | $121.0M | $9.1M | ($76.2M) |
| Gain on sale of real estate, net | ($193.8M) | ($74.8M) | ($316.0M) | ($43.5M) |
| Straight-line rent adjustments | ($78.4M) | ($83.1M) | ($75.4M) | ($58.0M) |
| Impairment charges — real estate | $70.4M | $43.6M | $86.4M | $39.1M |
| Stock-based compensation expense | $39.9M | $40.9M | $34.5M | $32.8M |
| Increase in allowance for credit losses | $27.2M | $27.6M | $29.1M | ($25.0M) |
| Earnings from equity method investments | ($18.0M) | ($17.9M) | ($19.6M) | ($29.5M) |
| Distributions of earnings from equity method investments | $15.9M | $21.1M | $18.6M | $30.2M |
| Deferred income tax benefit | ($10.9M) | ($4.2M) | ($199.0K) | ($8.1M) |
| Amortization of rent-related intangibles and deferred rental revenue | $6.0M | $24.5M | $34.0M | $43.2M |
| Gain on change in control of interests | $0 | ($31.8M) | $0 | ($33.9M) |
| Gain on repayment of secured loan receivable | $0 | ($10.7M) | — | — |
| Proceeds from sales of net investments in sales-type leases | $200.2M | $806.8M | — | — |
| Net changes in other operating assets and liabilities | $8.8M | $2.5M | ($29.4M) | ($14.3M) |
| Net Cash Provided by Operating Activities | $1.3B | $1.8B | $1.1B | $1.0B |
| Purchases of real estate | ($1.7B) | ($1.1B) | ($1.2B) | ($1.1B) |
| Proceeds from sales of real estate | $1.3B | $409.5M | $446.4M | $234.7M |
| Investments in loans receivable | ($399.8M) | ($270.4M) | $0 | ($20.2M) |
| Funding for real estate construction, redevelopments, and other capital expenditures on real estate | ($191.2M) | ($135.3M) | ($121.6M) | ($104.4M) |
| Value added taxes refunded in connection with acquisition of real estate | $47.7M | — | — | — |
| Value added taxes paid in connection with acquisition of real estate | ($45.6M) | — | — | — |
| Other investing activities, net | $8.8M | ($12.2M) | ($24.5M) | ($19.8M) |
| Return of capital from equity method investments | $5.3M | $1.0M | $10.5M | $7.1M |
| Purchase of equity investment | ($5.0M) | ($16.8M) | ($38.2M) | ($93.4M) |
| Capital contributions to equity method investments | ($3.2M) | — | — | — |
| Proceeds from repayment of loans receivable | $0 | $24.0M | $28.0M | $34.0M |
| Net Cash Used in Investing Activities | ($960.1M) | ($1.1B) | ($905.9M) | ($1.1B) |
| Proceeds from Unsecured Revolving Credit Facility | $3.1B | $1.2B | $2.6B | $2.1B |
| Repayments of Unsecured Revolving Credit Facility | ($2.7B) | ($1.6B) | ($2.4B) | ($2.2B) |
| Dividends paid | ($790.0M) | ($765.1M) | ($916.5M) | ($835.3M) |
| Repayment of Senior Unsecured Notes | ($450.0M) | ($1.0B) | $0 | $0 |
| Proceeds from issuance of Senior Unsecured Notes | $396.4M | $1.7B | $0 | $334.8M |
| Payments of mortgage principal | ($274.6M) | ($231.5M) | ($296.9M) | ($127.2M) |
| Repayments of Unsecured Term Loans | ($90.2M) | — | — | — |
| Proceeds from Unsecured Term Loans | $86.2M | $0 | $542.3M | $283.1M |
| Payments for withholding taxes upon delivery of equity-based awards | ($14.9M) | ($7.0M) | ($13.7M) | ($6.6M) |
| Contributions from noncontrolling interests | $8.8M | $623.0K | $2.9M | $30.0K |
| Distributions to noncontrolling interests | ($7.6M) | ($2.3M) | ($3.3M) | ($413.0K) |
| Payment of financing costs | ($4.3M) | ($14.6M) | ($13.9M) | ($2.4M) |
| Other financing activities, net | $3.1M | ($12.8M) | $1.9M | $8.8M |
| Proceeds from shares issued under forward equity, net of selling costs | 0 | 0 | 633.8M | 284.3M |
| Proceeds in connection with the Spin-Off | $0 | $0 | $343.9M | — |
| Net Cash (Used in) Provided by Financing Activities | ($761.7M) | ($688.5M) | $292.6M | $57.9M |
| Line item | Jun 30, 2026 · YTD | Mar 31, 2026 · Q1 | Sep 30, 2025 · YTD | Jun 30, 2025 · YTD |
|---|---|---|---|---|
| Net income | $362.2M | $176.5M | $318.4M | $177.1M |
| Depreciation and amortization, including intangible assets and deferred financing costs | $278.1M | $139.9M | $388.7M | $259.6M |
| Impairment charges — real estate | $119.4M | $40.0M | $30.7M | $11.2M |
| Distributions of earnings from equity method investments | $60.4M | $4.0M | $12.6M | $10.4M |
| Earnings from equity method investments | ($60.1M) | ($4.5M) | ($13.9M) | ($11.5M) |
| Gain on sale of real estate, net | ($60.0M) | ($54.1M) | ($141.0M) | ($96.6M) |
| Net realized and unrealized (gains) losses on equity securities, foreign currency exchange rate movements, extinguishment of debt, and other | ($59.6M) | ($6.9M) | $194.9M | $168.8M |
| Straight-line rent adjustments | ($37.8M) | ($23.4M) | ($58.4M) | ($37.3M) |
| Stock-based compensation expense | $21.4M | $7.4M | $31.2M | $20.1M |
| Amortization of rent-related intangibles and deferred rental revenue | ($7.7M) | ($4.8M) | $10.4M | $6.2M |
| Increase in allowance for credit losses | $5.7M | ($655.0K) | $27.0M | $22.2M |
| Deferred income tax expense | $5.0M | $2.7M | $823.0K | $2.0M |
| Net changes in other operating assets and liabilities | ($22.4M) | ($3.1M) | ($23.9M) | ($33.3M) |
| Proceeds from sales of net investments in sales-type leases | $11.9M | $10.2M | $200.2M | $178.2M |
| Net Cash Provided by Operating Activities | $616.4M | $283.2M | $977.7M | $677.2M |
| Purchases of real estate | ($1.2B) | ($494.7M) | ($1.0B) | ($542.2M) |
| Proceeds from sales of real estate | $220.8M | $146.5M | $770.1M | $309.1M |
| Funding for real estate construction, redevelopments, and other capital expenditures on real estate | ($71.2M) | ($33.2M) | ($107.2M) | ($52.6M) |
| Value added taxes refunded in connection with acquisition of real estate | $68.8M | $10.3M | $37.4M | $32.0M |
| Investments in loans receivable | ($55.9M) | ($34.9M) | ($378.5M) | ($268.9M) |
| Value added taxes paid in connection with acquisition of real estate | ($51.7M) | ($47.7M) | ($34.3M) | ($16.7M) |
| Return of capital from equity investments | $29.4M | $452.0K | $3.5M | $2.7M |
| Other investing activities, net | ($1.9M) | ($9.5M) | $2.2M | $2.9M |
| Purchase of equity investment | $0 | $0 | ($5.0M) | ($5.0M) |
| Capital contributions to equity method investments | $0 | $0 | ($3.2M) | ($3.2M) |
| Net Cash Used in Investing Activities | ($1.1B) | ($462.8M) | ($757.0M) | ($541.8M) |
| Repayments of Unsecured Revolving Credit Facility | ($2.1B) | ($1.3B) | ($2.0B) | ($865.0M) |
| Proceeds from Unsecured Revolving Credit Facility | $1.8B | $894.9M | $2.3B | $1.5B |
| Proceeds from issuance of Senior Unsecured Notes | $1.2B | $1.2B | $396.4M | $0 |
| Proceeds from shares issued under forward equity, net of selling costs | 592.0M | 247.1M | — | — |
| Repayment of Senior Unsecured Notes | ($573.8M) | ($573.8M) | ($450.0M) | ($450.0M) |
| Dividends paid | ($413.8M) | ($205.3M) | ($589.4M) | ($391.1M) |
| Proceeds from term loans | $255.3M | $255.3M | $86.2M | $86.2M |
| Repayments of term loans | ($253.4M) | ($253.2M) | ($90.2M) | ($90.2M) |
| Payments of mortgage principal | ($41.2M) | ($38.8M) | ($223.0M) | ($178.9M) |
| Payment of financing costs | ($9.3M) | ($8.7M) | ($4.0M) | ($834.0K) |
| Payments for withholding taxes upon delivery of equity-based awards | ($7.5M) | ($7.5M) | ($14.9M) | ($5.2M) |
| Other financing activities, net | $2.5M | $3.9M | $5.4M | $4.0M |
| Distributions to noncontrolling interests | ($50.0K) | ($32.0K) | ($323.0K) | ($120.0K) |
| Contributions from noncontrolling interests | $0 | — | $7.7M | $4.8M |
| Net Cash Provided by (Used in) Financing Activities | $398.2M | $211.0M | ($582.3M) | ($420.3M) |
| Effect of exchange rate changes on cash and cash equivalents and restricted cash | ($18.3M) | ($16.1M) | $20.5M | $20.4M |
| Net decrease in cash and cash equivalents and restricted cash | ($76.5M) | $15.3M | ($341.1M) | ($264.6M) |
| Cash and cash equivalents and restricted cash, beginning of period | $272.4M | $272.4M | $690.7M | $690.7M |
| Cash and cash equivalents and restricted cash, end of period | $195.9M | $287.7M | $349.6M | $426.1M |
W. P. Carey Inc score and earnings-call analysis · All covered companies
Figures as reported in SEC filings. General information, not investment advice.