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Portfolio

W. P. Carey ranks among the largest diversified net lease REITs, with an internally-managed portfolio of operationally-critical commercial real estate. We acquire and proactively manage single-tenant industrial, warehouse, office and retail properties subject to long-term leases with built-in rent escalators. Our portfolio comprises properties located primarily in North America and Europe and is well-diversified by property type, geographic location and tenant industry.

Annualized Base Rent

$689 MM

Weighted Avg. Lease Term

9.7 Years

Occupancy

99.7%

Net Lease Properties

886

Tenants

208

Total Square Feet

85 MM

 

Rent Escalations

99% of our leases have contractual rent increases, and 68% are tied to CPI, positioning us well for a higher inflationary environment.

Based on contractual minimum Annualized Base Rent (ABR).

 

Diversification

Our portfolio diversification offers a wider opportunity set for new acquisitions across geography, tenant industry and property type, thereby insulating us from local market disruptions while enabling us to invest in sectors with the most attractive long-term, risk-adjusted returns.

Based on contractual minimum ABR. Other includes assets in Australia and Japan.

 

Top Ten Tenants

Our top ten tenants represent 32% of ABR and have a weighted average lease term of 12.2 years.

Tenant Name Description % Total Base Rent Lease Term (Years)
Hellweg 53 DIY retail properties in Germany 5.4% 18.9
U-Haul International 78 net lease self-storage facilities in the U.S. 4.6% 6.1
State of Andalusia 70 office properties in Spain 4.4% 16.7
Pendragon plc 70 auto dealerships in the U.K. 3.4% 12.1
Marriott International, Inc. 18 net lease hotel properties in the U.S. 2.9% 5.6
Forterra Building Products 49 industrial properties in the U.S. and Canada 2.5% 18.0
OBI Group 18 office / DIY retail properties in Poland 2.5% 6.2
True Value Company 7 warehouse facilities in the U.S. 2.3% 4.8
Nord Anglia Education, Inc. 3 education facilities in the U.S. 2.2% 23.7
UTI Holdings, Inc. 5 education facilities in the U.S. 2.1% 4.0
  • Hellweg
    Description 53 DIY retail properties in Germany
    % Total Base Rent 5.4%
    Lease Term (Years) 18.9
  • U-Haul International
    Description 78 net lease self-storage facilities in the U.S.
    % Total Base Rent 4.6%
    Lease Term (Years) 6.1
  • State of Andalusia
    Description 70 office properties in Spain
    % Total Base Rent 4.4%
    Lease Term (Years) 16.7
  • Pendragon plc
    Description 70 auto dealerships in the U.K.
    % Total Base Rent 3.4%
    Lease Term (Years) 12.1
  • Marriott International, Inc.
    Description 18 net lease hotel properties in the U.S.
    % Total Base Rent 2.9%
    Lease Term (Years) 5.6
  • Forterra Building Products
    Description 49 industrial properties in the U.S. and Canada
    % Total Base Rent 2.5%
    Lease Term (Years) 18.0
  • OBI Group
    Description 18 office / DIY retail properties in Poland
    % Total Base Rent 2.5%
    Lease Term (Years) 6.2
  • True Value Company
    Description 7 warehouse facilities in the U.S.
    % Total Base Rent 2.3%
    Lease Term (Years) 4.8
  • Nord Anglia Education, Inc.
    Description 3 education facilities in the U.S.
    % Total Base Rent 2.2%
    Lease Term (Years) 23.7
  • UTI Holdings, Inc.
    Description 5 education facilities in the U.S.
    % Total Base Rent 2.1%
    Lease Term (Years) 4.0
 

Portfolio Map

Our recognized expertise in North America and Europe provides access to a broader pool of investment opportunities. Our owned portfolio spans 17 countries and a range of property types and industries, allowing us to mitigate risk tied to any single region, property type or industry.

Back to Country

Portfolio Map shading is based on ABR. Diversification by Property Type percentages are of the selected country or state and are based on ABR.


Portfolio information as of March 31, 2018.