Long-term real estate investment
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W. P. Carey(WPC) - 2025 Q3 - Earnings Call Presentation
2025-10-29 15:00
Portfolio Overview - W P Carey has a large, diversified portfolio comprising 1,662 properties and 373 tenants[25] - The portfolio's square footage totals 1828 million[25] - The annualized base rent (ABR) is $151 billion, with 66% from North America, 34% from Europe, and 1% from other regions[25] - The weighted average lease term (WALT) is 121 years, and the occupancy rate is 970%[25] - Investment grade tenants account for 219% of ABR, and the top 10 tenants contribute 186% of ABR[25] Rent Escalation and Growth - 50% of leases have CPI-linked rent escalations, 47% have fixed escalations, and 4% have other types[25] - The contractual same store ABR growth is 24%[47] Balance Sheet - Total equity stands at $14808 million[71] - Total pro rata debt is $8851 million, resulting in a net debt of $8537 million[71] - Net Debt to Adjusted EBITDA is 59x[71] - Net Debt to Enterprise Value is 366%[71]