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| 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 |