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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 the U.S. and Northern and Western Europe and is well-diversified by property type, geographic location and tenant industry.

Annualized Base Rent

$1.1 B

Weighted Avg. Lease Term

10.5 Years

Occupancy

98.3%

Net Lease Properties

1,186

Tenants

304

Total Square Feet

133 MM

 

Rent Escalations

99% of our leases have contractual rent increases, and 65% are tied to CPI, positioning us well for a higher inflationary environment.

Based on contractual minimum ABR from net lease assets as of September 30, 2018, pro forma for the merger with CPA®:17.

 

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 from net lease assets as of September 30, 2018, pro forma for the merger with CPA®:17. Other includes assets in Australia and Japan.

 

Top Ten Tenants

Our top ten tenants represent 24% of ABR and have a weighted average lease term of 11.8 years.

Tenant Name Description % Total Base Rent Lease Term (Years)
Hellweg 53 DIY retail properties in Germany 4.4% 18.4
U-Haul International 78 net lease self-storage facilities in the U.S. 3.3% 5.6
State of Andalusia 70 office properties in Spain 2.7% 16.2
Metro Cash & Carry 20 retail properties in Germany and Italy 2.6% 8.5
The New York Times Company 1 office property in the U.S. 2.6% 5.5
Pendragon plc 70 auto dealerships in the U.K. 2.0% 11.6
Marriott International, Inc. 18 net lease hotel properties in the U.S. 1.9% 5.1
Advance Stores Company, Inc. 30 office and warehouse properties in the U.S. 1.7% 14.3
Forterra, Inc. 27 industrial properties in the U.S. and Canada 1.7% 24.7
OBI Group 19 office / DIY retail properties in Poland 1.6% 5.9
  • Hellweg
    Description 53 DIY retail properties in Germany
    % Total Base Rent 4.4%
    Lease Term (Years) 18.4
  • U-Haul International
    Description 78 net lease self-storage facilities in the U.S.
    % Total Base Rent 3.3%
    Lease Term (Years) 5.6
  • State of Andalusia
    Description 70 office properties in Spain
    % Total Base Rent 2.7%
    Lease Term (Years) 16.2
  • Metro Cash & Carry
    Description 20 retail properties in Germany and Italy
    % Total Base Rent 2.6%
    Lease Term (Years) 8.5
  • The New York Times Company
    Description 1 office property in the U.S.
    % Total Base Rent 2.6%
    Lease Term (Years) 5.5
  • Pendragon plc
    Description 70 auto dealerships in the U.K.
    % Total Base Rent 2.0%
    Lease Term (Years) 11.6
  • Marriott International, Inc.
    Description 18 net lease hotel properties in the U.S.
    % Total Base Rent 1.9%
    Lease Term (Years) 5.1
  • Advance Stores Company, Inc.
    Description 30 office and warehouse properties in the U.S.
    % Total Base Rent 1.7%
    Lease Term (Years) 14.3
  • Forterra, Inc.
    Description 27 industrial properties in the U.S. and Canada
    % Total Base Rent 1.7%
    Lease Term (Years) 24.7
  • OBI Group
    Description 19 office / DIY retail properties in Poland
    % Total Base Rent 1.6%
    Lease Term (Years) 5.9
 

Portfolio Map

Our recognized expertise in the U.S. and Northern and Western Europe provides access to a broader pool of investment opportunities. Our owned portfolio spans 26 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 and by Property Type within a country or state are based on ABR and reflects pro rata ownership of net lease real estate assets as of September 30, 2018, pro forma for the merger with CPA®:17.