Companies: 10,795·Total market cap: $144.5T
W. P. Carey Inc.

W. P. Carey Inc.

WPCNYSEReal Estate● Active
$74.05
$-0.44(-0.59%)
Market Cap$16.5B
P/E Ratio—
52W High$75.69
52W Low$61.09
Free Cash FlowFinancialsRevenue

W. P. Carey Inc. (WPC) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

WPC · free cash flow · updated Jun 8, 2026

Core FCF metrics

Free cash flow was $1.09B for FY2025 (fiscal year ending 2025-12-31), down 35.7% year-over-year The FCF margin was 63.6%. Five-year CAGR stands at +12.9%.

FY2025 Free Cash Flow$1.09B▼ -35.7% YoY
Trailing 12M (TTM)$1.10Btrailing 4 quarters sum
FCF Margin63.6%$1.09B ÷ revenue
3-Year CAGR+6.7%FY2022 → FY2025
5-Year CAGR+12.9%FY2020 → FY2025
FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0
Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 8, 2026

Annual free cash flow history

Positive FCFNegative FCF
Free Cash Flow
YoY Growth %
wpc free cash flow history · wpc free cash flow chart · wpc free cash flow growth rate · wpc free cash flow last 10 years

Annual free cash flow data

Fiscal YearFree Cash FlowYoY ChangeFCF Margin
FY2025Latest$1.09B▼ 35.7%63.6%
FY2024$1.70B▲ +78.4%107.7%
FY2023$951.8M▲ +5.9%54.8%
FY2022$899.1M▲ +10.6%61.0%
FY2021$812.9M▲ +36.8%64.4%
FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP
wpc free cash flow 2025 · wpc free cash flow 2024 · wpc free cash flow 2023 · wpc operating cash flow

FCF valuation metrics

W. P. Carey Inc. (WPC) trades at a FCF yield of 6.57% and a price-to-free-cash-flow ratio of 14.9x. FCF per share stands at $4.97, calculated using trailing twelve-month FCF divided by basic weighted-average shares outstanding.

FCF Yield (TTM)
6.57%
Free Cash Flow ÷ Market Cap
per FMP freeCashFlowYieldTTM definition
FCF per Share (TTM)
$4.97
TTM FCF ÷ Shares Outstanding
Price / FCF
x14.9
Share Price ÷ FCF per Share
EV / FCF (TTM)
x23.1
Enterprise Value basis
Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2025 · 2025-12-31
wpc price to free cash flow · wpc free cash flow yield · wpc free cash flow per share · wpc price to cash flow ratio

Cash flow statement summary

For FY2025, W. P. Carey Inc. generated $1.28B in operating cash flow and spent 191M in capital expenditures, yielding $1.09B in free cash flow.

Operating Activities
+$1.28B
Cash from core business operations
2025-12-31
Investing Activities
−$960.1M
CapEx, acquisitions & investments
2025-12-31
Financing Activities
−$761.7M
Buybacks, dividends & debt
2025-12-31
FCF FormulaOperating CF ($1.28B) − |CapEx| (191M) = FCF ($1.09B)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →
wpc cash flow statement · wpc cash flow statement 2025 · wpc operating cash flow · wpc cash flow from operations

Free cash flow vs peers (Real Estate)

#CompanyFree Cash FlowYoY
#1
W. P. Carey Inc.
W. P. Carey Inc.YOU
WPC
$1.09B-35.7%
#2
Prologis, Inc.
Prologis, Inc.
PLD
$5.01B+2.0%#3
American Tower Corporation
American Tower Corporation
AMT
$3.78B+2.2%#4
Simon Property Group, Inc.
Simon Property Group, Inc.
SPG
$3.57B+16.6%#5
Welltower Inc.
Welltower Inc.
WELL
$2.85B+29.5%#6
Equinix, Inc.
Equinix, Inc.
EQIX
−$400.0M-318.6%
Real Estate · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

W. P. Carey Inc. (WPC) reported free cash flow of $1.09B for FY2025 (fiscal year ending 2025-12-31), down 35.7% year-over-year. The FCF margin was 63.6%.

Based on available data, W. P. Carey Inc. has maintained positive free cash flow for at least 15 fiscal year(s). FCF peaked at $1.70B in FY2024. The 5-year CAGR stands at +12.9%.

W. P. Carey Inc.'s FCF yield is 6.57% and price-to-FCF ratio is 14.9x for FY2025, based on the latest available data.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.
RevenueFinancial statementsNet incomeEarningsForecastPrice historyMarket capCash on handP/E ratio

Frequently asked questions

WPC free cash flow · 8 questions

W. P. Carey Inc. free cash flow was $1.09B for FY2025, down 35.7% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at $1.10B.

WPC free cash flowWPC FCFWPC FCF 2025WPC free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · W. P. Carey Inc. · W. P. Carey Inc. SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026