W. P. Carey(US:WPC)2025-04-30 02:22Portfolio Overview - W. P. Carey has a large, diversified portfolio comprising 1,614 properties and 366 tenants[20] - The portfolio's square footage totals 176.7 million[20] - The annualized base rent (ABR) for the portfolio is $1.40 billion[20] - North America accounts for 67% of the ABR, while Europe contributes 33%[20] - The weighted average lease term (WALT) is 12.3 years, and the occupancy rate is 98.3%[20] - Investment grade tenants represent 23.9% of the ABR, and the top 10 tenants account for 19.2% of the ABR[20] Rent Escalation and Growth - 50% of leases have CPI-linked rent escalations, and 47% have fixed escalations[20] - Contractual same store ABR growth is 2.4%[40] Balance Sheet - The company's total equity is $13.82 billion[64] - Total pro rata net debt is $7.833 billion[64] - Pro rata net debt to adjusted EBITDA is 5.8x[64] - Pro rata net debt to enterprise value is 36.2%[64]