• W.P Carey average gross margin for 2023 was 87.94%, a 2.65% decline from 2022.
• W.P Carey average gross margin for 2022 was 90.33%, a 0.29% decline from 2021.
• W.P Carey average gross margin for 2021 was 90.59%, a 1.51% decline from 2020.

Gross margin can be defined as a company's total sales revenue minus its cost of goods sold, divided by the total sales revenue, expressed as a percentage.