W.P. Carey Inc.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.72B | $1.58B | $1.74B | $1.48B | $1.33B | $1.21B | $1.23B | $885.7M |
| Cost of Revenue | — | — | $368.0K | $2.5M | $4.0M | $8.9M | $16.5M | $21.9M |
| Gross Profit | — | — | $1.74B | $1.48B | $1.33B | $1.20B | $1.22B | $863.8M |
| Gross Margin | — | — | 100.0% | 99.8% | 99.7% | 99.3% | 98.7% | 97.5% |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | $100.7M | $99.0M | $96.4M | $91.5M | $81.9M | $76.0M | $75.3M | $68.3M |
| Operating Income | $772.3M | $748.9M | $1.04B | $845.4M | $635.4M | $655.3M | $566.1M | $617.1M |
| Operating Margin | 45.0% | 47.3% | 60.0% | 57.2% | 47.7% | 54.2% | 45.9% | 69.7% |
| Interest Expense | $267.5M | $256.6M | $291.9M | $219.2M | $196.8M | $210.1M | $233.3M | $178.4M |
| Pretax Income | $504.8M | $492.3M | $752.3M | $626.2M | $438.6M | $445.2M | $332.8M | $438.8M |
| Income Tax Expense | $31.9M | $31.7M | $44.1M | $27.7M | $28.5M | $-20.8M | $26.2M | $14.4M |
| Net Income | $466.4M | $460.8M | $708.3M | $599.1M | $410.0M | $455.4M | $305.2M | $411.6M |
| Net Margin | 27.2% | 29.1% | 40.7% | 40.5% | 30.8% | 37.7% | 24.8% | 46.5% |
| EPS (Basic) | $2.11 | $2.09 | $3.29 | $3.00 | $2.25 | $2.61 | $1.78 | $3.50 |
| EPS (Diluted) | $2.11 | $2.09 | $3.28 | $2.99 | $2.24 | $2.60 | $1.78 | $3.49 |
| Shares Outstanding (Basic) | 220.5M | 220.2M | 215.4M | 199.6M | 182.5M | 174.5M | 171.0M | 117.5M |
| Shares Outstanding (Diluted) | 221.1M | 220.5M | 215.8M | 200.4M | 183.1M | 174.8M | 171.3M | 117.7M |
| Dividends Per Share | $3.62 | $3.49 | $4.07 | $4.24 | $4.21 | $4.17 | $4.14 | $4.09 |