WPC FINANCIAL STATEMENTS

W P Carey Inc — balance sheet, income statement and cash flow trends

WPCW P Carey Inc

🇺🇸 USA · NYSE · Real Estate · REIT - Diversified

Value it Duel

Income Statement

Quarterly progression — trailing-twelve-month values

RevenueNet Income

Profit Funnel

Q1 2026 · TTM

Percentages are relative to revenue.

Key Figures

YoY change

Revenue2 B $+24.5%

Gross Profit1.4 B $-8.4%

Operating Income860.8 M $-35.7%

EBITDA1.4 B $+5.4%

Net Income516.8 M $+20.9%

Peer Comparison· REIT - Diversified

Company	Rev. Growth	Gross Margin	EBITDA Margin	Net Margin
WPC	24.5%	68.2%	70.3%	26.0%
CHC	18.7%	111.2%	82.9%	79.7%
SGP	10.5%	44.7%	26.6%	25.9%
GPT	10.5%	71.7%	120.4%	95.3%
GMG	-50.0%	61.8%	144.5%	117.4%
MGR	-9.8%	22.2%	26.1%	14.7%
Industry median	5.9%	60.1%	62.5%	25.5%

Company	Rev. Growth	Gross Margin	EBITDA Margin	Net Margin
WPC	24.5%	68.2%	70.3%	26.0%
VICI	4.3%	99.2%	98.7%	76.7%
BNL	6.2%	24.1%	86.2%	27.4%
GNL	-29.9%	70.5%	70.3%	-8.7%
AAT	-3.9%	60.8%	53.1%	5.1%
Industry median	5.9%	60.1%	62.5%	25.5%

Balance Sheet

Quarterly period-end values

Total AssetsTotal LiabilitiesEquity

Capital Structure

Q1 2026

Equity8.3 B $46%
Current Liabilities353.4 M $2%
Long-term Liabilities9.5 B $52%

Key Figures

YoY change

Total Assets18.2 B $+5.2%

Total Liabilities9.8 B $+10.1%

Total Equity8.3 B $-0.2%

Cash & ST Investments239.3 M $+27.4%

Total Debt8.9 B $+12.5%

Net Debt8.6 B $+12.2%

Peer Comparison· REIT - Diversified

Company	Current Ratio	Debt/Equity	NetDebt/EBITDA	Equity/Assets
WPC	0.68	106.1%	6.17	45.8%
CHC	50.91	17.1%	0.47	80.3%
SGP	1.00	54.8%	5.82	55.1%
GPT	0.33	52.3%	4.40	62.8%
GMG	289.80	17.8%	0.60	78.3%
MGR	106.00	43.7%	5.68	63.4%
Industry median	1.95	22.5%	0.88	67.9%

Company	Current Ratio	Debt/Equity	NetDebt/EBITDA	Equity/Assets
WPC	0.68	106.1%	6.17	45.8%
VICI	33.27	62.8%	4.31	59.9%
BNL	304.89	92.6%	-5.69	49.5%
GNL	1.45	160.4%	7.13	37.6%
AAT	1.95	150.1%	6.83	39.2%
Industry median	1.95	22.5%	0.88	67.9%

Cash Flow Statement

Quarterly progression — trailing-twelve-month values

Operating Cash FlowCapital ExpendituresFree Cash Flow

Cash Flow Bridge

Q1 2026 · TTM

Key Figures

YoY change

Operating Cash Flow1.3 B $+20.7%

Capital Expenditures197.2 M $+37.9%

Free Cash Flow1.1 B $+18.0%

Dividends Paid-800.3 M $-204.0%

Peer Comparison· REIT - Diversified

Company	CF Margin	FCF Margin	CapEx Ratio	CF/Net Income
WPC	65.1%	55.1%	9.9%	250.0%
CHC	52.0%	51.6%	0.4%	65.2%
SGP	5.9%	5.9%	0.1%	22.9%
GPT	60.4%	58.4%	2.0%	63.4%
GMG	84.1%	81.1%	3.0%	71.6%
MGR	24.7%	24.7%	0.0%	168.1%
Industry median	33.1%	8.5%	1.1%	41.8%

Company	CF Margin	FCF Margin	CapEx Ratio	CF/Net Income
WPC	65.1%	55.1%	9.9%	250.0%
VICI	63.0%	63.0%	0.1%	82.1%
BNL	64.9%	61.3%	3.6%	237.1%
GNL	43.1%	37.7%	5.3%	-494.0%
AAT	38.5%	21.1%	17.4%	753.8%
Industry median	33.1%	8.5%	1.1%	41.8%

Amounts are in the company’s reporting currency. Peer comparison tables use ratio-based metrics so currency differences do not distort the picture.

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Data on this page refreshes once per day. Price data as of Jul 2, 26. This content is for informational purposes only and is not investment advice.