W. P. Carey (WPC) Rent Expense (2011 - 2026)

W. P. Carey's (WPC) quarterly Rent Expense came in at $14.6 million in Q1 2026, up 24.31% year-on-year from $11.7 million in Q1 2025, and up 5.0% on a QoQ basis from $13.9 million in Q4 2025.

W. P. Carey (WPC) Rent Expense (2011 - 2026) Analysis & Trends

W. P. Carey (WPC) has 16 years of Rent Expense data on file, last reported at $14.6 million in Q1 2026.

  • On a quarterly basis, Rent Expense rose 24.31% year-over-year to $14.6 million in Q1 2026; TTM through Mar 2026 was $56.7 million, a 15.16% increase from a year earlier, with the FY2025 full-year figure at $53.8 million, up 8.35% from the prior year.
  • Rent Expense for Q1 2026 stood at $14.6 million, up from $13.9 million in the prior quarter.
  • Over the last five years, Rent Expense for WPC reached as high as $14.6 million in Q3 2025 and fell as low as $5.4 million in Q2 2023.
  • Historically, Rent Expense has averaged $12.5 million across 5 years, with a median of $13.0 million in 2023.
  • Across the five-year window, Rent Expense sank 54.68% in 2023 and jumped 159.37% in 2024, its largest moves.
  • Year by year, Rent Expense stood at $13.9 million in 2022, then dropped by 4.27% to $13.3 million in 2023, then fell by 5.32% to $12.6 million in 2024, then climbed by 10.17% to $13.9 million in 2025, then climbed by 5.0% to $14.6 million in 2026.
  • Per Business Quant data, the three most recent Rent Expense figures were $14.6 million in Q1 2026, $13.9 million in Q4 2025, and $14.6 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Rental Exp. (Qtr)
1 Vici Properties 28.12 Bn 27.64 Bn 1.01 Bn -
2 W. P. Carey 16.60 Bn 16.61 Bn 434.82 Mn 14.55 Mn
3 Broadstone Net Lease 4.29 Bn 4.40 Bn - -
4 American Assets Trust 1.47 Bn 1.41 Bn - -
5 Safehold 1.15 Bn -2.44 Bn 109.54 Mn -
6 Empire State Realty Trust 930.17 Mn 1.66 Bn - -
7 Cim 917.30 Mn 735.54 Mn - -
8 JBG SMITH Properties 855.38 Mn 1.35 Bn - -
9 CTO Realty Growth 725.13 Mn 725.13 Mn 31.01 Mn -
10 Gladstone Commercial 618.64 Mn 788.68 Mn - -

Historic Data

Download Data
DateValue
Mar 31, 2026 14.55 Mn
Mar 31, 2026 14.55 Mn
Dec 31, 2025 13.86 Mn
Dec 31, 2025 13.86 Mn
Sep 30, 2025 14.64 Mn
Sep 30, 2025 14.64 Mn
Jun 30, 2025 13.62 Mn
Jun 30, 2025 13.62 Mn
Mar 31, 2025 11.71 Mn
Mar 31, 2025 11.71 Mn
Dec 31, 2024 12.58 Mn
Dec 31, 2024 12.58 Mn
Sep 30, 2024 10.99 Mn
Sep 30, 2024 10.99 Mn
Jun 30, 2024 13.93 Mn
Jun 30, 2024 13.93 Mn
Mar 31, 2024 12.17 Mn
Mar 31, 2024 12.17 Mn
Dec 31, 2023 13.29 Mn
Dec 31, 2023 13.29 Mn