Operating property expenses
W.P. Carey Inc. Operating property expenses decreased by 26.7% to $8.69M in Q1 2026 compared to the prior quarter. Year-over-year, this metric declined by 47.4%, from $16.54M to $8.69M. Over 4 years (FY 2021 to FY 2025), Operating property expenses shows an upward trend with a 57.2% CAGR. This is a positive signal — lower values indicate better performance for this metric.
Analysis
How to read this metric
Rising expenses relative to rental income may indicate aging properties or inefficient property management.
Detailed definition
These are the direct costs associated with maintaining and operating the real estate portfolio that are not reimbursed b...
Peer comparison
Standard REIT expense; investors monitor this to assess the 'net' nature of the lease portfolio.
other_operating_property_expensesHistorical Data
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $2.05M | $3.00M | $2.89M | $2.79M | $3.19M | $9.36M | $11.72M | $21.25M | $26.92M | $26.57M | $20.40M | $17.95M | $18.57M | $17.77M | $16.59M | $16.54M | $16.72M | $15.05M | $11.86M | $8.69M |
| QoQ Change | — | +46.5% | -3.8% | -3.5% | +14.5% | +193.2% | +25.2% | +81.3% | +26.7% | -1.3% | -23.2% | -12.0% | +3.4% | -4.3% | -6.6% | -0.3% | +1.1% | -10.0% | -21.2% | -26.7% |
| YoY Change | — | — | — | — | +55.7% | +211.8% | +305.9% | +662.4% | +743.6% | +184.0% | +74.1% | -15.5% | -31.0% | -33.1% | -18.7% | -7.8% | -9.9% | -15.3% | -28.5% | -47.4% |
Business Segments
| Segment | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|
| Real Estate | $2.79M | $3.19M | $9.36M | $11.72M | $21.25M | $26.92M | $26.57M | $20.40M |
| Total | $2.79M | $3.19M | $9.36M | $11.72M | $21.25M | $26.92M | $26.57M | $20.40M |
Real Estate was previously reported and has since been discontinued or reclassified. Only currently active segments are shown in the chart.
Operating property expenses at Other Companies
Frequently Asked Questions
- What is W.P. Carey Inc.'s operating property expenses?
- W.P. Carey Inc. (WPC) reported operating property expenses of $8.69M in Q1 2026.
- How has W.P. Carey Inc.'s operating property expenses changed year-over-year?
- W.P. Carey Inc.'s operating property expenses decreased by 47.4% year-over-year, from $16.54M to $8.69M.
- What is the long-term trend for W.P. Carey Inc.'s operating property expenses?
- Over 4 years (2021 to 2025), W.P. Carey Inc.'s operating property expenses has grown at a 57.2% compound annual growth rate (CAGR), from $9.85M to $60.18M.
- What does operating property expenses mean?
- Direct costs incurred to operate and maintain properties that are not covered by tenants.