W. P. Carey (WPC) Operating Expenses (2009 - 2026)

W. P. Carey's (WPC) quarterly Operating Expenses came in at $255.1 million in Q1 2026, up 16.76% year-on-year from $218.5 million in Q1 2025, and down 3.79% on a QoQ basis from $265.1 million in Q4 2025.

W. P. Carey (WPC) Operating Expenses (2009 - 2026) Analysis & Trends

W. P. Carey (WPC) has 18 years of Operating Expenses data on file, last reported at $255.1 million in Q1 2026.

  • On a quarterly basis, Operating Expenses rose 16.76% year-over-year to $255.1 million in Q1 2026; TTM through Mar 2026 was $953.7 million, a 9.92% increase from a year earlier, with the FY2025 full-year figure at $917.1 million, up 7.62% from the prior year.
  • Operating Expenses for Q1 2026 stood at $255.1 million, down from $265.1 million in the prior quarter.
  • Over the last five years, Operating Expenses for WPC reached as high as $283.0 million in Q4 2023 and fell as low as $186.8 million in Q2 2022.
  • Historically, Operating Expenses has averaged $230.0 million across 5 years, with a median of $231.7 million in 2023.
  • Across the five-year window, Operating Expenses jumped 31.26% in 2022 and fell 24.3% in 2024, its largest moves.
  • Year by year, Operating Expenses stood at $234.8 million in 2022, then grew by 20.52% to $283.0 million in 2023, then retreated by 21.59% to $221.9 million in 2024, then rose by 19.5% to $265.1 million in 2025, then dropped by 3.79% to $255.1 million in 2026.
  • Per Business Quant data, the three most recent Operating Expenses figures were $255.1 million in Q1 2026, $265.1 million in Q4 2025, and $225.1 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Vici Properties 28.12 Bn 27.64 Bn 1.01 Bn 15.98 Mn
2 W. P. Carey 16.60 Bn 16.61 Bn 434.82 Mn 255.10 Mn
3 Broadstone Net Lease 4.29 Bn 4.40 Bn - 58.06 Mn
4 American Assets Trust 1.47 Bn 1.41 Bn - 86.87 Mn
5 Safehold 1.15 Bn -2.44 Bn 109.54 Mn 85.31 Mn
6 Empire State Realty Trust 930.17 Mn 1.66 Bn - 160.87 Mn
7 Cim 917.30 Mn 735.54 Mn - 64.12 Mn
8 JBG SMITH Properties 855.38 Mn 1.35 Bn - 135.70 Mn
9 CTO Realty Growth 725.13 Mn 725.13 Mn 31.01 Mn 30.88 Mn
10 Gladstone Commercial 618.64 Mn 788.68 Mn - 25.24 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 255.10 Mn
Dec 31, 2025 265.15 Mn
Sep 30, 2025 225.14 Mn
Jun 30, 2025 208.29 Mn
Mar 31, 2025 218.47 Mn
Dec 31, 2024 221.88 Mn
Sep 30, 2024 194.23 Mn
Jun 30, 2024 233.01 Mn
Mar 31, 2024 203.04 Mn
Dec 31, 2023 282.99 Mn
Sep 30, 2023 256.59 Mn
Jun 30, 2023 231.69 Mn
Mar 31, 2023 246.75 Mn
Dec 31, 2022 234.79 Mn
Sep 30, 2022 246.81 Mn
Jun 30, 2022 186.76 Mn
Mar 31, 2022 198.62 Mn
Dec 31, 2021 200.54 Mn
Sep 30, 2021 188.03 Mn
Jun 30, 2021 171.19 Mn