ES
MARKETS / NYSE / WPC
NYSE · REAL ESTATE INVESTMENT TRUSTS · LARGE CAP

W. P. Carey Inc. WPC

18 fiscal years on record · USD · FY2025 reported
SEC FILINGS ONLY
Revenue · FY2025
$1.7B
▲ 8.4% vs FY2024
Dividend streak
1 yrs
Raised every year since 2025
EPS · FY25
—
Dividend / sh · FY25
$3.62
Payout · FY25
169%
ROE · FY25
5.6%
Net margin · FY25
27.2%
Dividend coverage
0.6×
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Result
USD 1.7B
Revenue, FY2025 · full 18-year series below
Revenue Net income
0.511.521.70.52008201120142017202020232025
0.511.521.70.52016201920222025

27 cents of every revenue dollar became profit this year.

Per share
—
Diluted EPS, FY2025
EPS Dividend
2463.622008201120142017202020232025
2463.622016201920222025

Earnings covered only a fraction of the dividend — the rest came from cash or borrowing.

Profitability
5.6%
Return on equity, FY2025
ROE
816245.6%2008201120142017202020232025
816245.6%2016201920222025
Operating margin29.4%
Net margin27.2%
Return on assets2.6%

Each USD of equity produced 6 cents of profit this year.

Returned to shareholders
USD 790.0M
returned in FY2025 · dividends + net buybacks
Dividends paidUSD 790.0M
Net buybacks—
Share of profit169.4%
Consecutive raises1 years

USD 790.0M in dividends — 169% of the year's profit, so the payout drew on cash built up earlier.

Growth
+7.3% a year
revenue, compounded over five years
CAGR
3 yrs
5 yrs
10 yrs
15 yrs
Revenue
+5.1%
+7.3%
+6.2%
+13.4%
Net income
−8.0%
+0.5%
+10.5%
+13.1%
Dividend / share
−5.1%
−2.8%
Returned to shareholders
−1.8%
+1.7%
+6.9%
+15.4%

Compound annual rates per period — left blank where the series crosses a loss.

Share base
0.22B
Shares outstanding, FY2025
0.040.222008201120142017202020232025
0.110.222016201920222025
Change, 5 years+24.9%
Change, 10 years—

The share count grew 25% in five years — the same company, cut into more, smaller slices.

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Balance sheet
USD 18.0B
total assets, end of FY2025
Total assetsUSD 18.0B
EquityUSD 8.1B
CashUSD 155.3M
Gross debtUSD 8.7B
Net debtUSD 8.6B

Net debt stands at 106% of equity.

History
18 fiscal years
Every figure from documents filed with the SEC · USD
Metric
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016
2015
2014
2013
2012
2011
2010
2009
2008
Revenue $B
1.7
1.6
1.7
1.5
1.3
1.2
1.2
0.9
0.8
0.9
0.9
0.9
0.5
0.4
0.3
0.3
0.2
0.2
Operating income $B
0.5
0.5
0.8
0.6
0.4
0.4
0.3
0.4
0.3
0.3
0.2
0.2
0.1
0.1
0.2
0.1
·
·
EBITDA $B
1.0
1.0
1.3
1.1
0.9
0.9
0.8
0.7
0.5
0.6
0.5
0.5
0.2
0.1
0.2
·
·
·
Income tax $B
0.0
0.0
0.0
0.0
0.0
−0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
Net income $B
0.5
0.5
0.7
0.6
0.4
0.5
0.3
0.4
0.3
0.3
0.2
0.2
0.1
0.1
0.1
0.1
0.1
0.1
EPS, diluted $
·
·
·
·
·
·
·
·
·
2.49
1.61
2.39
1.41
1.28
3.42
1.86
1.74
1.95
Dividend / sh $
3.62
3.49
4.07
4.24
4.21
4.17
4.14
4.09
4.01
3.93
3.83
3.69
3.39
2.44
2.19
2.03
2.00
1.96
Payout %
169
166
129
139
186
160
231
107
155
156
234
145
223
183
62
125
114
112
ROE %
5.6
5.4
8.0
7.2
5.7
6.6
4.4
8.2
8.5
8.0
4.8
8.5
5.1
4.7
21.3
11.8
11.0
·
Shares out B
0.22
0.22
0.22
0.21
0.19
0.18
0.17
0.17
0.11
0.11
0.10
0.10
0.07
0.07
0.04
0.04
0.04
·

Slide the table for earlier years · "·" marks figures not disclosed in the filing for that year.

How we verifyAUDITED
26 of 26
checks passed before publication
EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidity

Every figure was compared against the original statement: 0 failures and 0 presentation gaps.

What we don’t show

We’d rather say what’s missing than fill the gap with an estimate.

P/E rationeeds a market quote — not yet licensed
Market capitalizationneeds a market quote — not yet licensed
Dividend yieldneeds a market quote — not yet licensed
Price-to-bookneeds a market quote — not yet licensed