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Companies / Real Estate / W. P. Carey Inc.
WPC

W. P. Carey Inc.

Ticker WPCNEW YORK, NYFiscal year ends DecemberBook value per share $38.60Diluted shares 227.1M

W. P. Carey (NYSE: WPC) is an internally managed real estate investment trust that owns commercial properties leased long term to companies, primarily in the United States and Europe. Its portfolio focuses on single-tenant industrial, warehouse, and retail facilities that are important to tenants’ operations; the… From the company’s description.

Over the twelve months to Sep 30, 2026, W. P. Carey Inc. reported revenue of $1.83B, up 9.0% from a year earlier, and net income of $657.85M. Its operating margin was 43.8%, and operations generated $1.24B in cash. In fiscal 2025, it reported revenue of $1.72B, up 8.4% from fiscal 2024, and net income of $472.92M.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-09-30
Sales & profitability
$1.72BFY2025
+8.4% year over year
Last 12 mo $1.83B
46.57%FY2025
+0.4 percentage points
Last 12 mo 43.79%
$472.92MFY2025
+2.7% year over year
Last 12 mo $657.85M
6.61%FY2025
+0.6 percentage points
Last 12 mo 9.31%
Cash & financing
$1.28BFY2025
−30.0% year over year
Last 12 mo $1.24B
$1.09BFY2025
−35.7% year over year
Last 12 mo $1.04B
1.07FY2025
Was 0.95× a year earlier
Last 12 mo 1.00
221.1MFY2025
+0.3% year over year
Last 12 mo 227.1M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What W. P. Carey Inc. does

In the company’s own words

W. P. Carey (NYSE: WPC) is an internally managed real estate investment trust that owns commercial properties leased long term to companies, primarily in the United States and Europe. Its portfolio focuses on single-tenant industrial, warehouse, and retail facilities that are important to tenants’ operations; the company also owns self-storage properties, hotels, and student housing. It specializes in sale-leaseback transactions, in which it buys a company’s real estate and leases it back, generally under triple-net terms that place property operating costs on the tenant. W. P. Carey’s customers are its commercial tenants, and its leases commonly include scheduled rent adjustments. The company operates as a diversified real estate portfolio rather than reporting business segments in the business description. At December 31, 2025, it held interests in 1,682 net-leased properties and 16 operating properties, leased to 371 tenants across 25 countries; its net-leased portfolio totaled approximately 183 million square feet. Founded in 1973, the company became publicly traded in 1998 and reorganized as a REIT in 2012. Its website is http://www.wpcarey.com.

Company details
Sector
Real Estate
Industry (SIC)
REITs
Headquarters
NEW YORK, NY
Fiscal year end
December
CIK
1025378
SIC
6798

Financial performance, year by year

Fiscal 2011–2025 · USD
$-182.84M$365.68M$914.21M$1.46B$2.01B201120122013201420152016201720182019202020212022202320242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns W. P. Carey Inc. — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

409
funds hold it
0 of 35
superinvestors hold it
$5.35B
held by funds, at market
32.2%
of shares held by funds
11
bond issues held by funds

Largest fund holders · W. P. Carey Inc.’s weight in each

VANGUARD REAL ESTATE INDEX FUND
VNQ · VANGUARD SPECIALIZED FUNDS
—of fund net assets
iShares Core S&P Mid-Cap ETF
IJH · iShares Trust
0.44%of fund net assets
VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.02%of fund net assets
VANGUARD SMALL-CAP INDEX FUND
VB · VANGUARD INDEX FUNDS
0.19%of fund net assets
VANGUARD SMALL-CAP VALUE INDEX FUND
VBR · VANGUARD INDEX FUNDS
0.34%of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

W. P. Carey Inc.’s bonds, as funds hold them

Funds report holding 11 issues of W. P. Carey Inc.’s debt, $587.01M at market value — what funds hold, not the company’s total debt. Weighted-average coupon 3.61%, maturing 2026 to 2036.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

Compare this company with peers, find it in your funds and follow its financial history with your connected AI:

  • “How do W. P. Carey Inc. and its peers compare on margins and cash generation over ten years?”
  • “Where did five years of W. P. Carey Inc.'s earnings go — cash, debt, buybacks, reinvestment?”
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