W. P. Carey (WPC) Operating Expenses (2009 - 2026)
W. P. Carey (WPC) reported Operating Expenses of $255.1 million for Q1 2026, up 16.76% year-over-year from $218.5 million in Q1 2025, and down 3.79% quarter-over-quarter 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.
- Operating Expenses for Q1 2026 came in at $255.1 million, up 16.76% year-over-year; the trailing twelve-month figure through Mar 2026 was $953.7 million (up 9.92% YoY), and the FY2025 annual result was $917.1 million, up 7.62% from the prior year.
- Operating Expenses fell to $255.1 million in Q1 2026 per WPC's latest filing, from $265.1 million in the prior quarter.
- Over five years, Operating Expenses peaked at $283.0 million in Q4 2023 and troughed at $186.8 million in Q2 2022.
- A 5-year average of $230.0 million and a median of $231.7 million in 2023 frame the typical range for Operating Expenses.
- The sharpest annual moves came in 2022 and 2024: Operating Expenses soared 31.26% in 2022, then decreased 24.3% in 2024.
- A 5-year view of Operating Expenses shows it stood at $234.8 million in 2022, then gained by 20.52% to $283.0 million in 2023, then dropped by 21.59% to $221.9 million in 2024, then climbed by 19.5% to $265.1 million in 2025, then retreated by 3.79% to $255.1 million in 2026.
- Business Quant data shows WPC's Operating Expenses at $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 | 29.26 Bn | 28.78 Bn | 1.01 Bn | 16.94 Mn |
| 2 | Broadstone Net Lease | 3.95 Bn | 4.05 Bn | - | 58.06 Mn |
| 3 | American Assets Trust | 1.46 Bn | 1.40 Bn | - | 86.87 Mn |
| 4 | Safehold | 1.13 Bn | 1.14 Bn | 109.54 Mn | 85.31 Mn |
| 5 | Empire State Realty Trust | 916.51 Mn | 1.65 Bn | - | 47.74 Mn |
| 6 | JBG SMITH Properties | 880.19 Mn | 1.38 Bn | - | 135.70 Mn |
| 7 | CTO Realty Growth | 672.82 Mn | 672.82 Mn | 31.01 Mn | 5.08 Mn |
| 8 | Gladstone Commercial | 608.72 Mn | 778.76 Mn | - | 25.24 Mn |
| 9 | AH Realty Trust | 540.92 Mn | 723.25 Mn | - | 40.55 Mn |
| 10 | W. P. Carey | - | - | 434.82 Mn | 255.10 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |