WPC W P Carey margins

Relative Growth: Rel. Growth: 73

Relative Strength: Rel. Strength: 38

Relative Valuation: Rel. Valuation: 61

Relative Profitability: Rel. Profitability: 88

Gross margin

94.3%

Operating margin

45.9%

EBITDA margin

86.5%

Net margin

36.3%

Currently, W P Carey has a gross margin of 94.3%, an operating margin of 45.9%, an EBITDA margin of 86.5%, and a net margin of 36.3%. Net margin showed the largest improvement, increasing by 15.9 percentage points. Operating margin saw the largest decline, decreasing by 6.7 percentage points.

WPC margin history

Gross, operating, EBITDA and net margin trends

W P Carey's margins averaged 92.75% gross, 48.57% operating, 81.8% EBITDA, and 30.45% net during the last 3 years. Against the three-year averages, gross, EBITDA, and net margins are above their three-year averages and operating margin is below its three-year average.

WPC margin expansion

Year-over-year margin changes in percentage points

Gross margin expanded by 1.4 percentage points, EBITDA margin by 15.8 percentage points, and net margin by 15.9 percentage points, but operating margin contracted by 6.7 percentage points.

Gross margin expansion

1.4pp

Operating margin expansion

-6.7pp

EBITDA margin expansion

15.8pp

Net margin expansion

15.9pp

WPC Gross margin

The average gross margin for W P Carey was 92.75% over the last 3 years. At present, the current gross margin for W P Carey is 94.3%, 1.6 percentage points above its three-year average. The gross margin for W P Carey moved between 91.7% in Jun 2024 and 94.3% in Jun 2026.

WPC Operating margin

Reviewing the last 3 years, W P Carey recorded an average operating margin of 48.57%. W P Carey's current operating margin is 45.9% and is 2.7 percentage points below its three-year average. The highest operating margin for W P Carey was 52.6% in Jun 2025, while the lowest was 44.6% in Jun 2024.

WPC EBITDA margin

The average EBITDA margin for W P Carey was 81.8% in the last 3 years. Currently, the current EBITDA margin for W P Carey is 86.5%, 4.7 percentage points above its three-year average. The EBITDA margin for W P Carey moved between 70.7% in Jun 2025 and 94.1% in Dec 2023.

WPC Net margin

Throughout the last 3 years, W P Carey had an average net margin of 30.45%. Against its three-year average, W P Carey's net margin is currently 36.3%, 5.9 percentage points above its three-year average. Looking back over the last 3 years, W P Carey's net margin reached 40.7% at its highest point in Dec 2023 and 20.4% at its lowest in Jun 2025.

WPC margin group comparison

Margins compared with peer-group, industry and sector averages

W P Carey's gross margin of 94.3% is above the Real Estate sector and the industry average. Compared to its Real Estate sector average of 62.8%, W P Carey's gross margin is 50% higher.

WPC margin peer comparison

Compare margins with selected peers

Frequently asked questions

What is W P Carey's gross margin?

The current gross margin for WPC is 94.3% as of Jun 30, 2026.

What is W P Carey's operating margin?

The current operating margin for WPC is 45.9% as of Jun 30, 2026.

What is W P Carey's EBITDA margin?

For the period ending Jun 30, 2026, WPC recorded an EBITDA margin of 86.5%.

What is W P Carey's net margin?

The current net margin for WPC is 36.3% as of Jun 30, 2026.

What are the average margins of WPC?

Over the last 3 years, W P Carey's margins averaged 92.8% gross, 48.6% operating, 81.8% EBITDA, and 30.5% net.

What are the highest historical margins of WPC?

Over the last 5 years, W P Carey's highest margins were 95.7% gross in Dec 2021, 52.6% operating in Jun 2025, 101% EBITDA in Mar 2023, and 47.3% net in Mar 2023.

What are the lowest historical margins of WPC?

Looking back across 5 years, WPC reached its lowest margins at 91.7% gross in Jun 2024, 44.6% operating in Jun 2024, 70.7% EBITDA in Jun 2025, and 20.4% net in Jun 2025.