W.P. Carey (MEX:WPC) Operating Income: MXN16,949 Mil (TTM As of Mar. 2026)


MEX:WPC W.P. Carey Inc MEX:WPC
79 GF Score
Price MXN1,236.00
GF Value MXN1,166.97
! 8 Warning Signs
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What is W.P. Carey Operating Income?

W.P. Carey MEX:WPC 79 Operating Income is MXN16,949 Mil as of Mar. 2026. GuruFocus rates MEX:WPC with a GF Score™ of 79/100 and a GF Value™ of MXN1,166.97. The stock has 8 warning signs investors should review.

W.P. Carey's Operating Income for the three months ended in Mar. 2026 was MXN4,350 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was MXN16,949 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. W.P. Carey's Operating Income for the three months ended in Mar. 2026 was MXN4,350 Mil. W.P. Carey's Revenue for the three months ended in Mar. 2026 was MXN8,196 Mil. Therefore, W.P. Carey's Operating Margin % for the quarter that ended in Mar. 2026 was 53.08%.

Good Sign:

W.P. Carey Inc operating margin is expanding. Margin expansion is usually a good sign.

W.P. Carey's 5-Year average Growth Rate for Operating Margin % was 1.90% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. W.P. Carey's annualized ROC % for the quarter that ended in Mar. 2026 was 4.98%. W.P. Carey's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was %.


W.P. Carey  (MEX:WPC) Operating Income Explanation

1. Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

W.P. Carey's annualized ROC % for the quarter that ended in Mar. 2026 is calculated as:

ROC % (Q: Mar. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2025 ) + Invested Capital (Q: Mar. 2026 ))/ count )
=17401.844 * ( 1 - 7.66% )/( (321070.009 + 323690.914)/ 2 )
=16068.8627496/322380.4615
=4.98 %

where

Invested Capital(Q: Dec. 2025 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=323926.721 - 15800.452 - ( 2796.807 - max(0, 15800.452 - 2856.712+2796.807))
=321070.009

Invested Capital(Q: Mar. 2026 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=328195.519 - 15066.465 - ( 4314.612 - max(0, 15066.465 - 4504.605+4314.612))
=323690.914

Note: The Operating Income data used here is four times the quarterly (Mar. 2026) data.

2. Joel Greenblatt's definition of Return on Capital:

W.P. Carey's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2025  Q: Mar. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=19445.744/( ( (0 + max(-15740.547, 0)) + (0 + max(-14876.472, 0)) )/ 2 )
=19445.744/( ( 0 + 0 )/ 2 )
=19445.744/0
= %

where Working Capital is:

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 59.905) - (15800.452 + 0 + 0)
=-15740.547

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 189.993) - (15066.465 + 0 + 0)
=-14876.472

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

3. Operating Income is also linked to Operating Margin %:

W.P. Carey's Operating Margin % for the quarter that ended in Mar. 2026 is calculated as:

Operating Margin %=Operating Income (Q: Mar. 2026 )/Revenue (Q: Mar. 2026 )
=4350.461/8196.024
=53.08 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

4. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Operating Income growth rate using Operating Income per share data.


Be Aware

Compared with a company's EBITDA margin, Operating Margin can be manipulated by adjusting the rate of depreciation, depletion and amortization (DDA).

If a company is facing competition, its Operating Margin may decline. Often the Operating Margin declines well before the company's revenue or even profit decline. Therefore, Operating Margin is a very important indicator of whether the company is facing problems.

For instance, by 2012, Nokia (NOK)'s problems were well known and its stock had lost more than 90% of its market value since 2007. But Nokia's Operating Margin had already been in decline since 2002, although its earnings per share were still rising. Investors who paid attention to Operating Margin would have avoided this huge loss. The same can be said for Research-in-Motion (RIMM).

Therefore, Operating Margin is a very important screening filter for GuruFocus. GuruFocus's Buffett-Munger screener requires that the profit margin is either consistent or expanding. The Model Portfolio of the Buffett-Munger screener has outperformed the market every year since inception in 2009.


W.P. Carey Operating Income Related Terms


W.P. Carey Operating Income Historical Data

* Premium members only.

The historical data trend for W.P. Carey's Operating Income can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

W.P. Carey Operating Income Chart

W.P. Carey Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 12,812.39 13,646.09 13,829.19 16,244.78 15,701.82

W.P. Carey Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Operating Income Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 3,814.70 4,088.87 4,070.47 4,439.02 4,350.46
MEX:WPC
79GF Score
W.P. Carey Inc MEX:WPC
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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W.P. Carey Operating Income Calculation

Operating Income, is the profit a company earned through operations. All expenses, including cash expenses such as cost of goods sold (COGS), research & development, wages, and non-cash expenses, such as depreciation, depletion and amortization, have been deducted from the sales.

Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was MXN16,949 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Operating Income →
What does a Operating Income of MXN16,949 Mil mean?
W.P. Carey (MEX:WPC) has a Operating Income of MXN16,949 Mil as of Mar. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on W.P. Carey and its competitors.
Is W.P. Carey's Operating Income too high?
W.P. Carey's current Operating Income is MXN16,949 Mil. Overall, W.P. Carey has a GF Score™ of 79/100, reflecting its overall financial health beyond just this single metric.
How does W.P. Carey's Operating Income compare to BNL and VICI?
W.P. Carey's Operating Income of MXN16,949 Mil can be compared against companies in the REITs industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Operating Income for a REITs company?
A good Operating Income depends on the REITs industry context. However, Operating Income should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Operating Income mean?
A high Operating Income can signal that a stock is expensive relative to its fundamentals. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on W.P. Carey and its competitors. W.P. Carey's current Operating Income is MXN16,949 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is W.P. Carey stock overvalued right now?
W.P. Carey (MEX:WPC) has a current Operating Income of MXN16,949 Mil. The stock's GF Value™ is MXN1,166.97, compared to a current price of MXN1,236.00 — trading 5.9% above its estimated fair value. The current Operating Income is MXN16,949 Mil. W.P. Carey's overall GF Score™ is 79/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Operating Income calculated?
Operating Income is calculated from a company's financial statements. For W.P. Carey (MEX:WPC), the current Operating Income is MXN16,949 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is W.P. Carey (MEX:WPC) Overvalued in 2026?

Based on GuruFocus' analysis, W.P. Carey stock appears to be overvalued. The current stock price of MXN1,236.00 is trading 5.9% above its estimated GF Value™ of MXN1,166.97.

Key valuation signals for MEX:WPC:

  • Operating Income: MXN16,949 Mil
  • GF Value™: MXN1,166.97 vs. price of MXN1,236.00 (5.9% above fair value)
  • GF Score™: 79/100 with 8 warning signs

No single metric tells the full story. See the MEX:WPC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


W.P. Carey Business Description

Industry Real EstateREITs
Other Exchanges WPC:USA0LS8:UKWPY:Germany
Address One Manhattan West, 395 9th Avenue, 58th Floor, New York, NY, USA, 10001
W.P. Carey Inc is a real estate investment trust principally involved in the ownership of properties located in the U.S., Western Europe, and Northern Europe. W.P. Carey organizes its operations into Real Estate and Investment Management segments. The vast majority of the company's income is derived from its Real Estate division in the form of lease revenue from long-term agreements with companies. W.P. Carey's real estate portfolio is comprised of single-tenant office, industrial, warehouse, and retail facilities located around the world. majority of the company's revenue comes from properties in the USA. Its Investment Management unit generates revenue from providing real estate advisory and portfolio management services to other REITs.
79GF Score

Get the complete analysis for MEX:WPC

Operating Income is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

MXN1,236.00
Price
MXN1,166.97
GF Value