Discontinued — last reported Q4 '23
Real Estate — Operating property expenses
W.P. Carey Inc. Real Estate — Operating property expenses decreased by 23.2% to $20.40M in Q4 2023 compared to the prior quarter. Year-over-year, this metric grew by 74.1%, from $11.72M to $20.40M. Over 2 years (FY 2021 to FY 2023), Real Estate — Operating property expenses shows an upward trend with a 210.8% CAGR. This is a positive signal — lower values indicate better performance for this metric.
Analysis
How to read this metric
An increase may signal rising maintenance costs or aging infrastructure, while a decrease suggests improved operational efficiency or lower property management overhead.
Detailed definition
Represents the direct costs incurred to operate and maintain properties within the real estate portfolio. This includes...
Peer comparison
Standard across REITs as 'Property Operating Expenses' or 'Property-level Expenses'.
wpc_segment_real_estate_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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $2.05M | $3.00M | $2.89M | $2.79M | $3.19M | $9.36M | $11.72M | $21.25M | $26.92M | $26.57M | $20.40M |
| QoQ Change | — | +46.5% | -3.8% | -3.5% | +14.5% | +193.2% | +25.2% | +81.3% | +26.7% | -1.3% | -23.2% |
| YoY Change | — | — | — | — | +55.7% | +211.8% | +305.9% | +662.4% | +743.6% | +184.0% | +74.1% |
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Frequently Asked Questions
- What is W.P. Carey Inc.'s real estate — operating property expenses?
- W.P. Carey Inc. (WPC) reported real estate — operating property expenses of $20.40M in Q4 2023.
- How has W.P. Carey Inc.'s real estate — operating property expenses changed year-over-year?
- W.P. Carey Inc.'s real estate — operating property expenses increased by 74.1% year-over-year, from $11.72M to $20.40M.
- What is the long-term trend for W.P. Carey Inc.'s real estate — operating property expenses?
- Over 2 years (2021 to 2023), W.P. Carey Inc.'s real estate — operating property expenses has grown at a 210.8% compound annual growth rate (CAGR), from $9.85M to $95.14M.
- What does real estate — operating property expenses mean?
- The direct costs required to operate and maintain the company's real estate properties.