What is W.P. Carey Inc.'s real estate — income tax expense (benefit)?

W.P. Carey Inc. (WPC) reported real estate — income tax expense (benefit) of $13.71M in Q4 2023.

How has W.P. Carey Inc.'s real estate — income tax expense (benefit) changed year-over-year?

W.P. Carey Inc.'s real estate — income tax expense (benefit) increased by 179.4% year-over-year, from $4.91M to $13.71M.

What is the long-term trend for W.P. Carey Inc.'s real estate — income tax expense (benefit)?

Over 2 years (2021 to 2023), W.P. Carey Inc.'s real estate — income tax expense (benefit) has grown at a 24.4% compound annual growth rate (CAGR), from $28.70M to $44.44M.

What does real estate — income tax expense (benefit) mean?

The tax expense or benefit associated with the real estate segment's operations.

Discontinued — last reported Q4 '23

Business Segments · Income Tax Expense (Benefit)

Real Estate — Income Tax Expense (Benefit)

W.P. Carey Inc. Real Estate — Income Tax Expense (Benefit) increased by 169.4% to $13.71M in Q4 2023 compared to the prior quarter. Year-over-year, this metric grew by 179.4%, from $4.91M to $13.71M. Over 2 years (FY 2021 to FY 2023), Real Estate — Income Tax Expense (Benefit) shows an upward trend with a 24.4% CAGR. This increase may warrant attention — for this metric, lower values are generally preferred.

Analysis

StatementSegment

CategoryProfitability

SignalLower is better

VolatilityModerate

First reportedQ1 2015

Last reportedQ4 2023Feb 9, 2024

Rolls up toIncome Tax

How to read this metric

Changes may reflect shifts in tax legislation, changes in the geographic mix of properties, or adjustments to deferred tax assets and liabilities.

Detailed definition

This represents the tax provision or benefit allocated to the real estate segment's operations. For REITs, this is often...

Peer comparison

Comparable to income tax provisions reported by REITs with international or taxable subsidiary operations.

Metric ID: wpc_segment_real_estate_income_tax_expense_benefit

Historical Data

11 periods

	Q2 '21	Q3 '21	Q4 '21	Q1 '22	Q2 '22	Q3 '22	Q4 '22	Q1 '23	Q2 '23	Q3 '23	Q4 '23
Value	$9.12M	$7.83M	$5.33M	$6.91M	$5.96M	$3.63M	$4.91M	$15.40M	$10.24M	$5.09M	$13.71M
QoQ Change	—	-14.2%	-31.9%	+29.7%	-13.9%	-39.0%	+35.2%	+213.8%	-33.5%	-50.3%	+169.4%
YoY Change	—	—	—	—	-34.7%	-53.6%	-7.9%	+122.8%	+71.9%	+40.2%	+179.4%

Range$3.63M – $15.40M

CAGR+17.7%

Avg YoY Growth+45.4%

Median YoY Growth+40.2%

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Frequently Asked Questions

What is W.P. Carey Inc.'s real estate — income tax expense (benefit)?: W.P. Carey Inc. (WPC) reported real estate — income tax expense (benefit) of $13.71M in Q4 2023.
How has W.P. Carey Inc.'s real estate — income tax expense (benefit) changed year-over-year?: W.P. Carey Inc.'s real estate — income tax expense (benefit) increased by 179.4% year-over-year, from $4.91M to $13.71M.
What is the long-term trend for W.P. Carey Inc.'s real estate — income tax expense (benefit)?: Over 2 years (2021 to 2023), W.P. Carey Inc.'s real estate — income tax expense (benefit) has grown at a 24.4% compound annual growth rate (CAGR), from $28.70M to $44.44M.
What does real estate — income tax expense (benefit) mean?: The tax expense or benefit associated with the real estate segment's operations.