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WPC Financials W. P. Carey Inc.

15 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Overview →

Growth & profitability

  • Revenue has grown 7.3% per year over the past 5 years.
  • Net income has grown slower than revenue (0.5% vs 7.3% per year).

Financial health

  • Total debt ($8.7B) exceeds cash ($155M); net debt is $8.6B.
  • Total debt has grown in line with revenue (5.4% vs 7.3% per year).

Shareholder returns

  • Dividends have been paid for 15 consecutive years, consuming 169.4% of earnings.
  • The dividend has grown 1.7% per year over the past 5 years.
Revenue & net income
$0 $871M $2B 2011 2013 2015 2017 2019 2021 2023 2025
RevenueNet income
Margins (gross / operating / net)
0% 50% 100% 2011 2013 2015 2017 2019 2021 2023 2025
GrossOperatingNet
Return on equity & assets (ROE / ROA)
0% 10% 20% 2011 2013 2015 2017 2019 2021 2023 2025
ROEROA
Free cash flow (CFO − capex)
$0 $1 $1 2011 2013 2015 2017 2019 2021 2023 2025
Free cash flow
Cash vs total debt
$0 $4B $9B 2011 2013 2015 2017 2019 2021 2023 2025
CashTotal debt
Cash flow: operating / investing / financing
-$2B $133M $2B $0 2011 2013 2015 2017 2019 2021 2023 2025
OperatingInvestingFinancing

Key annual figures

FYRevenueNet incomeGross MOp MROEROAFCFTotal debtCash
2025 $1.7B $466M 0.0% 0.0% 5.7% 2.6% — $8.7B $155M
2024 $1.6B $461M 0.0% 0.0% 5.5% 2.6% — $8.0B $640M
2023 $1.7B $708M 100.0% 0.0% 8.1% 3.9% — $8.1B $634M
2022 $1.5B $599M 99.8% 0.0% 6.7% 3.3% — $7.9B $168M
2021 $1.3B $410M 99.7% 0.0% 5.4% 2.6% — $6.8B $165M
2020 $1.2B $455M 99.3% 0.0% 6.6% 3.1% — $6.7B $249M
2019 $1.2B $305M 98.7% 0.0% 4.4% 2.2% — $6.1B $196M
2018 $886M $412M 97.5% 0.0% 6.0% 2.9% — $6.4B $218M
2017 $848M $277M 93.9% 0.0% 8.7% 3.4% — $4.3B $162M
2016 $942M $268M 90.2% 0.0% 8.1% 3.2% — $4.4B $155M
2015 $938M $172M 0.0% 22.4% 5.0% 2.0% — $4.5B $157M
2014 $908M $240M 0.0% 24.7% 6.4% 2.8% — $250M $199M
2013 $490M $99M 0.0% 17.5% 5.2% 2.1% — $475M $118M
2012 $352M $62M 0.0% 26.8% 3.1% 1.3% — $2.0B $124M
2011 $310M $139M 0.0% 0.0% 20.4% 9.5% — — $29M

Valuation over time

How the market has priced WPC against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.

Price / earnings (P/E)
0.0 18.4 36.8 Mar '23 Sep '23 Mar '24 Sep '24 Mar '25 Sep '25 Mar '26 Sep '26
P/E
Price / sales (P/S)
0.0 6.0 12.0 Mar '23 Sep '23 Mar '24 Sep '24 Mar '25 Sep '25 Mar '26 Sep '26
P/S
Dividend yield (%)
0.0 3.7 7.3 Mar '23 Sep '23 Mar '24 Sep '24 Mar '25 Sep '25 Mar '26 Sep '26
Dividend yield %

Frequently asked questions

Is WPC growing its revenue and profit?

Over the past 5 years, W. P. Carey Inc.'s revenue has grown 7.3% per year, and net income grown 0.5% per year. These are computed facts, not advice.

How much debt does WPC have?

As of FY2025, W. P. Carey Inc. reported $8.7B of total debt against $155M of cash.

What is WPC's profit margin?

In FY2025, gross margin was —, operating margin —, and net margin 27.2%.

What is WPC's P/E ratio?

W. P. Carey Inc.'s P/E (TTM) is 22.85 as of the 2026-11-03 close — market cap ÷ net income over the trailing twelve months where four consecutive quarters are reported, otherwise the latest fiscal year, the same figure as on the WPC stock page. The valuation chart above sets each month-end's price against the latest annual net income instead, so its latest point (about 31.9× as of Nov '26) can differ. These are computed facts, not advice.

Where does this data come from?

All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.

Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), split-adjusted; price return — dividends not reinvested · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.