W. P. Carey Inc. (WPC) Stock Analysis
Real Estate · REIT - Diversified · NYSE
W. P. Carey Inc. (WPC) posted $1.72B in revenue for fiscal 2025 (up 8.4% year over year), at a 27.2% net margin, and has compounded revenue about 7.3%/yr over five years, per its SEC filings.
Data last refreshed August 2, 2026 from SEC filings · how we compute this
The analyst's take on W. P. Carey Inc.
W. P. Carey Inc. has grown revenue from $941.53M to $1.72B over the last 10 fiscal years, compounding about 7.3% a year. The most recent year was up 8.4%, so growth is actually accelerating.
Net margin sits at 27.2%, down 1.9 points year over year. It carries about $8.72B of total debt.
The one thing worth a second look in the filings is share count rising (dilution).
Synthesised from W. P. Carey Inc.'s SEC filings — descriptive, not advice. Ask the analyst your own question →
W. P. Carey Inc. revenue & earnings — last 10 fiscal years
| Metric | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $941.53M | $848.30M | $885.73M | $1.23B | $1.21B | $1.33B | $1.48B | $1.74B | $1.58B | $1.72B |
| Gross profit | $849.66M | $796.86M | $863.81M | $1.22B | $1.20B | $1.33B | $1.48B | $1.74B | — | — |
| Net income | $267.75M | $277.29M | $411.57M | $305.24M | $455.36M | $409.99M | $599.14M | $708.33M | $460.84M | $466.36M |
| Net margin | 28.4% | 32.7% | 46.5% | 24.8% | 37.7% | 30.8% | 40.5% | 40.7% | 29.1% | 27.2% |
Source: W. P. Carey Inc. SEC filings (10-K). 18 years of history available in the interactive view.
W. P. Carey Inc.: 3 potential red flags in the filings
Patterns in the filed statements worth a second look — computed and cited, not AI guesswork, and not a signal to sell. The kind of thing that hides in a 10-K.
- Share count rising (dilution)Shares outstanding grew 10.6% over 4 years (198.1M → 219.1M) — existing holders' stakes are being diluted.
- Heavy debt loadTotal debt of $8722.7M is 6.8× last year's operating cash flow — it would take years of cash flow to clear.
- Net margin shrinkingNet margin fell from 40.5% to 27.2% over ~3 years — profitability is compressing.
Explore 18 years of W. P. Carey Inc. financials — interactive
Full income statement, balance sheet and cash flow with CAGR and trend on every row, 48 quarters, valuation ratios, plain-English health checks, and Ask — our SEC-grounded research assistant.
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W. P. Carey Inc. financial history by metric
Compare W. P. Carey Inc. with peers
About W. P. Carey Inc.
W. P. Carey Inc. ranks among the largest net lease REITs with a well-diversified portfolio of high-quality, operationally critical commercial real estate. It includes 1,703 net lease properties covering approximately 185 million square feet as of March 31, 2026. With offices in New York, London, Amsterdam and Dallas, the company remains focused on investing primarily in single-tenant, industrial, warehouse and retail properties located in the U.S. and Europe, under long-term net leases with built-in rent escalations. W. P. Carey Inc. was incorporated in 1973 in Maryland, USA.
W. P. Carey Inc. — frequently asked questions
What is W. P. Carey Inc.'s revenue?
W. P. Carey Inc. (WPC) reported revenue of $1.72B for fiscal year 2025, up 8.4% from the prior year, according to its SEC filings.
Is W. P. Carey Inc. profitable?
Yes. WPC earned net income of $466.36M in fiscal 2025, a net margin of 27.2%.
What is WPC's P/E ratio?
W. P. Carey Inc. trades at a price-to-earnings ratio of about 32.5 based on the latest data in our nightly-refreshed cache.
How fast is W. P. Carey Inc. growing?
WPC's revenue grew at roughly 7.3% per year over the last five fiscal years (compound annual growth rate), computed from SEC-filed statements.
How much debt does W. P. Carey Inc. have?
As of fiscal year 2025, WPC carried roughly $8.72B in total debt (short- plus long-term borrowings), per its filed balance sheet.
What is W. P. Carey Inc.'s market cap?
W. P. Carey Inc. (WPC) has a market capitalization of about $16.93B, based on the latest data in our nightly-refreshed cache.
When does W. P. Carey Inc.'s fiscal year end?
WPC's fiscal year ends in December. Its most recent annual filing covers the fiscal year ending 2025-12-31.
Where does this data come from?
All figures are computed from W. P. Carey Inc.'s official SEC filings (10-K and 10-Q), covering 18 years of history, refreshed nightly. stockportfolio.pro does not provide investment advice.