v3.25.4
CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Real Estate:      
Lease revenues $ 1,479,204 $ 1,331,788 $ 1,427,376
Income from finance leases and loans receivable 90,948 73,262 107,173
Investment Management:      
Total revenues 1,716,485 1,583,018 1,741,358
Operating Expenses      
Depreciation and amortization 521,127 487,724 574,212
General and administrative 100,672 98,969 96,395
Impairment charges — real estate 70,367 43,595 86,411
Reimbursable tenant costs 68,743 55,975 81,939
Operating property expenses 60,177 70,866 95,141
Property expenses, excluding reimbursable tenant costs 53,825 49,677 44,451
Stock-based compensation expense 39,894 40,894 34,504
Merger and other expenses 2,247 4,457 4,954
Total operating expenses 917,052 852,157 1,018,007
Other Income and Expenses      
Interest expense (291,256) (277,367) (291,852)
Other gains and (losses) (232,107) (137,988) (36,184)
Gain on sale of real estate, net 193,793 74,822 315,984
Earnings from equity method investments 18,009 17,926 19,575
Non-operating income 16,951 52,236 21,442
Gain on change in control of interests 0 31,849 0
Total other income and expenses (294,610) (238,522) 28,965
Income before income taxes 504,823 492,339 752,316
Provision for income taxes (31,908) (31,709) (44,052)
Net Income 472,915 460,630 708,264
Net (income) loss attributable to noncontrolling interests (6,556) 209 70
Net Income Attributable to W. P. Carey $ 466,359 $ 460,839 $ 708,334
Basic Earnings Per Share (usd per share) $ 2.11 $ 2.09 $ 3.29
Diluted Earnings Per Share (usd per share) $ 2.11 $ 2.09 $ 3.28
Weighted-Average Shares Outstanding      
Basic (in shares) 220,501,239 220,168,325 215,369,777
Diluted (in shares) 221,112,343 220,520,457 215,760,496
Owned Real Estate      
Real Estate:      
Lease revenues $ 1,479,204 $ 1,331,788 $ 1,427,376
Income from finance leases and loans receivable 90,948 73,262 107,173
Operating property revenues 112,531 146,813 180,257
Other lease-related income 24,561 20,334 23,333
Investment Management:      
Operating property revenues 112,531 146,813 180,257
Total revenues 1,707,244 1,572,197 1,738,139
Investment Management      
Investment Management:      
Total revenues 9,241 10,821 3,219
Asset management revenue      
Real Estate:      
Operating property revenues 4,957 6,597 2,184
Investment Management:      
Operating property revenues 4,957 6,597 2,184
Other advisory income and reimbursements      
Real Estate:      
Operating property revenues 4,284 4,224 1,035
Investment Management:      
Operating property revenues $ 4,284 $ 4,224 $ 1,035