W. P. Carey (WPC) Rent Expense (2011 - 2026)
W. P. Carey (WPC) reported Rent Expense of $14.6 million for Q1 2026, up 24.31% year-over-year from $11.7 million in Q1 2025, and up 5.0% quarter-over-quarter 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.
- Rent Expense for Q1 2026 came in at $14.6 million, up 24.31% year-over-year; the trailing twelve-month figure through Mar 2026 was $56.7 million (up 15.16% YoY), and the FY2025 annual result was $53.8 million, up 8.35% from the prior year.
- Rent Expense improved to $14.6 million in Q1 2026 per WPC's latest filing, from $13.9 million in the prior quarter.
- Over five years, Rent Expense peaked at $14.6 million in Q3 2025 and troughed at $5.4 million in Q2 2023.
- A 5-year average of $12.5 million and a median of $13.0 million in 2023 frame the typical range for Rent Expense.
- The sharpest annual moves came in 2023 and 2024: Rent Expense tumbled 54.68% in 2023, then soared 159.37% in 2024.
- A 5-year view of Rent Expense shows it stood at $13.9 million in 2022, then retreated by 4.27% to $13.3 million in 2023, then slipped by 5.32% to $12.6 million in 2024, then rose by 10.17% to $13.9 million in 2025, then rose by 5.0% to $14.6 million in 2026.
- Business Quant data shows WPC's Rent Expense at $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 | 29.26 Bn | 28.78 Bn | 1.01 Bn | - |
| 2 | Broadstone Net Lease | 3.95 Bn | 4.05 Bn | - | - |
| 3 | American Assets Trust | 1.46 Bn | 1.40 Bn | - | - |
| 4 | Safehold | 1.13 Bn | 1.14 Bn | 109.54 Mn | - |
| 5 | Empire State Realty Trust | 916.51 Mn | 1.65 Bn | - | - |
| 6 | JBG SMITH Properties | 880.19 Mn | 1.38 Bn | - | - |
| 7 | CTO Realty Growth | 672.82 Mn | 672.82 Mn | 31.01 Mn | - |
| 8 | Gladstone Commercial | 608.72 Mn | 778.76 Mn | - | - |
| 9 | AH Realty Trust | 540.92 Mn | 723.25 Mn | - | - |
| 10 | W. P. Carey | - | - | 434.82 Mn | 14.55 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |