W. P. Carey Inc. income statement
In fiscal 2025, W. P. Carey Inc. reported revenue of $1.72bn, up 8.4% on the year before and net income of $466m. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2009Dec 2009 | 2010Dec 2010 | 2011Dec 2011 | 2012Dec 2012 | 2013Dec 2013 | 2014Dec 2014 | 2015Dec 2015 | 2016Dec 2016 | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMSept 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 228 | 261 | 310 | 352 | 490 | 908 | 938 | 942 | 848 | 886 | 1,233 | 1,209 | 1,332 | 1,479 | 1,741 | 1,583 | 1,716 | 1,828 |
| Cost of revenue | — | — | — | — | — | — | — | 92 | 51 | 22 | 17 | 9 | 4 | 3 | 0 | — | — | — |
| Gross profit | — | — | — | — | — | — | — | 850 | 797 | 864 | 1,216 | 1,200 | 1,327 | 1,477 | 1,741 | — | — | — |
| General and administrative | 64 | 73 | 76 | 69 | 67 | 92 | 103 | 82 | 71 | 68 | 75 | 76 | 82 | 91 | 96 | 99 | 101 | 104 |
| Operating income | — | — | — | 94 | 86 | 224 | 210 | — | — | — | — | — | — | — | — | — | — | — |
| Interest expense | 14 | 16 | 18 | 46 | 104 | 178 | 194 | 183 | 166 | 178 | 233 | 210 | 197 | 219 | 292 | 277 | 291 | 313 |
| Net interest income | — | — | 0 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Provision for credit losses | — | — | — | — | — | — | — | — | — | 0 | 0 | 22 | 0 | −14 | 29 | 28 | 27 | 13 |
| Income before tax | — | 110 | 190 | 92 | 96 | 229 | 216 | 278 | 288 | 439 | 333 | 445 | 439 | 626 | 752 | 492 | 505 | 695 |
| Income tax | 23 | 26 | 37 | 7 | 1 | 18 | 38 | 3 | 3 | 14 | 26 | −21 | 28 | 28 | 44 | 32 | 32 | 37 |
| Net income | 69 | 74 | 139 | 62 | 99 | 240 | 172 | 268 | 277 | 412 | 305 | 455 | 410 | 599 | 708 | 461 | 466 | 651 |
| Diluted EPS | $1.74 | $1.82 | $3.35 | $1.28 | $1.38 | $2.34 | $1.58 | $2.44 | — | — | — | — | — | — | — | — | — | $2.89 |
| Diluted shares (average) | 40m | 40m | 40m | 48m | 70m | 100m | 107m | 107m | 108m | 118m | 171m | 175m | 183m | 200m | 216m | 221m | 221m | 226m |
| EBITDA | — | — | — | 149 | 226 | 472 | 498 | — | — | — | — | — | — | — | — | — | — | — |
| Quarter | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 | 2026 Q3Sept 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 406 | 410 | 431 | 431 | 445 | 455 | 461 | 468 |
| General and administrative | 24 | 27 | 24 | 24 | 26 | 27 | 26 | 25 |
| Interest expense | 71 | 69 | 72 | 75 | 75 | 78 | 79 | 80 |
| Provision for credit losses | 17 | 12 | 10 | 5 | 0 | −1 | 6 | 8 |
| Income before tax | 55 | 137 | 64 | 150 | 153 | 191 | 199 | 152 |
| Income tax | 8 | 12 | 13 | 8 | −1 | 15 | 13 | 11 |
| Net income | 47 | 126 | 51 | 141 | 148 | 176 | 185 | 141 |
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