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

W. P. Carey's (WPC) quarterly Operating Margin came in at 39.54% in Q1 2026, down 298.0% year-on-year from 19.97% in Q1 2025, and up 9.84% on a QoQ basis from 36.0% in Q4 2025.

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

W. P. Carey (WPC) has 16 years of Operating Margin data on file, last reported at 39.54% in Q1 2026.

  • On a quarterly basis, Operating Margin fell 298.0% year-over-year to 39.54% in Q1 2026; TTM through Mar 2026 was 41.8%, a 33.0% decrease from a year earlier, with the FY2025 full-year figure at 42.57%, down 6.0% from the prior year.
  • Operating Margin for Q1 2026 stood at 39.54%, up from 36.0% in the prior quarter.
  • Over the last five years, Operating Margin for WPC reached as high as 47.77% in Q3 2024 and fell as low as 24.0% in Q4 2022.
  • Historically, Operating Margin has averaged 38.87% across 5 years, with a median of 39.54% in 2026.
  • On a YoY basis, Operating Margin climbed as much as 1472 bps in 2024 and fell as far as 766 bps in 2024.
  • Year by year, Operating Margin stood at 24.0% in 2022, then gained by 12 bps to 26.79% in 2023, then surged by 55 bps to 41.52% in 2024, then retreated by 13 bps to 36.0% in 2025, then advanced by 10 bps to 39.54% in 2026.
  • Per Business Quant data, the three most recent Operating Margin figures were 39.54% in Q1 2026, 36.0% in Q4 2025, and 44.42% in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Operating Margin (Qtr)
1 Vici Properties 28.62 Bn 28.14 Bn 1.01 Bn 97.80%
2 W. P. Carey 16.93 Bn 16.93 Bn 434.82 Mn 39.54%
3 Broadstone Net Lease 4.27 Bn 4.25 Bn - -
4 Global Net Lease 1.90 Bn 1.78 Bn - 21.10%
5 American Assets Trust 1.47 Bn 1.47 Bn - 21.09%
6 Safehold 1.19 Bn -2.44 Bn 109.54 Mn 23.05%
7 Empire State Realty Trust 969.42 Mn 969.42 Mn - 15.48%
8 Cim 917.30 Mn 735.54 Mn - -
9 JBG SMITH Properties 858.04 Mn 858.04 Mn - 47.74%
10 CTO Realty Growth 716.07 Mn 716.07 Mn 31.01 Mn 25.00%

Historic Data

Download Data
DateValue
Mar 31, 2026 39.54%
Dec 31, 2025 36.00%
Sep 30, 2025 44.42%
Jun 30, 2025 47.53%
Mar 31, 2025 42.52%
Dec 31, 2024 41.52%
Sep 30, 2024 47.77%
Jun 30, 2024 36.61%
Mar 31, 2024 44.58%
Dec 31, 2023 26.79%
Sep 30, 2023 38.23%
Jun 30, 2023 44.27%
Mar 31, 2023 37.18%
Dec 31, 2022 24.00%
Sep 30, 2022 30.74%
Jun 30, 2022 40.92%
Mar 31, 2022 38.13%
Dec 31, 2021 30.67%
Sep 30, 2021 37.65%
Jun 30, 2021 46.16%