v3.26.1
CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Real Estate:        
Lease revenues $ 409,661 $ 364,195 $ 812,492 $ 717,963
Income from finance leases and loans receivable 27,162 20,276 54,848 37,734
Investment Management:        
Revenues 461,064 430,777 915,573 840,635
Operating Expenses        
Depreciation and amortization 134,378 120,595 270,561 250,202
Impairment charges — real estate 79,421 4,349 119,429 11,203
General and administrative 25,934 24,150 53,282 51,117
Reimbursable tenant costs 19,472 17,718 39,164 34,810
Property expenses, excluding reimbursable tenant costs 15,206 13,623 29,758 25,329
Stock-based compensation expense 13,909 10,943 21,350 20,091
Operating property expenses 8,603 16,721 17,297 33,265
Merger and other expenses 613 192 1,793 748
Total operating expenses 297,536 208,291 552,634 426,765
Other Income and Expenses        
Interest expense (78,979) (71,795) (157,439) (140,599)
Earnings from equity method investments 55,579 6,161 60,122 11,539
Other gains and (losses) 48,558 (148,768) 55,349 (190,965)
Gain on sale of real estate, net 5,819 52,824 59,960 96,601
Non-operating income 4,245 3,495 8,949 11,405
Total other income and expenses 35,222 (158,083) 26,941 (212,019)
Income before income taxes 198,750 64,403 389,880 201,851
Provision for income taxes (13,091) (13,091) (27,725) (24,723)
Net Income 185,659 51,312 362,155 177,128
Net income attributable to noncontrolling interests (270) (92) (464) (84)
Net Income Attributable to W. P. Carey $ 185,389 $ 51,220 $ 361,691 $ 177,044
Basic Earnings Per Share (in dollars per share) $ 0.82 $ 0.23 $ 1.62 $ 0.80
Diluted Earnings Per Share (in dollars per share) $ 0.82 $ 0.23 $ 1.61 $ 0.80
Weighted-Average Shares Outstanding        
Basic (in shares) 225,971,719 220,569,259 223,310,890 220,485,859
Diluted (in shares) 227,215,203 220,874,935 224,609,380 220,913,225
Owned Real Estate        
Real Estate:        
Lease revenues $ 409,661 $ 364,195 $ 812,492 $ 717,963
Income from finance leases and loans receivable 27,162 20,276 54,848 37,734
Operating property revenues 11,638 34,287 23,688 67,381
Other lease-related income 11,209 9,643 21,661 12,764
Investment Management:        
Operating property revenues 11,638 34,287 23,688 67,381
Revenues 459,670 428,401 912,689 835,842
Investment Management        
Investment Management:        
Revenues 1,394 2,376 2,884 4,793
Other advisory income and reimbursements        
Real Estate:        
Operating property revenues 1,000 1,072 2,000 2,139
Investment Management:        
Operating property revenues 1,000 1,072 2,000 2,139
Asset management revenue        
Real Estate:        
Operating property revenues 394 1,304 884 2,654
Investment Management:        
Operating property revenues $ 394 $ 1,304 $ 884 $ 2,654