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| 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 |