Workflow
Net lease commercial real estate
icon
Search documents
W. P. Carey(WPC) - 2025 Q2 - Earnings Call Presentation
2025-07-30 15:00
Portfolio Overview - W P Carey has a large, diversified portfolio comprising 1,600 properties and 370 tenants[20] - The portfolio's square footage totals 178 million[20] - The Annualized Base Rent (ABR) for the portfolio is $147 billion[20] - The weighted-average lease term (WALT) is 121 years, with an occupancy rate of 982%[20] - Investment grade tenants account for 218% of ABR, while the top 10 tenants contribute 194% of ABR[20] Geographic and Property Type Diversification - North America accounts for 66% of ABR, while Europe accounts for 34%, and other regions account for 1%[20] - Industrial/Warehouse properties make up 64% of the total portfolio ABR[29] - Contractual rent escalation is primarily CPI-linked (50%) or fixed (46%)[20] Financial Highlights - The company's total equity stands at $13660 million[63] - Total pro rata net debt is $8419 million, resulting in an enterprise value of $22079 million[63] - Pro rata net debt to adjusted EBITDA is 58x, and pro rata net debt to enterprise value is 381%[63]