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Portfolio

W. P. Carey ranks among the largest 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

10.2 Years

Occupancy

98.2%

Net Lease Properties

1,168

Tenants

310

Total Square Feet

134 MM

 

Rent Escalations

99% of our leases have contractual rent increases, and 63% are tied to CPI, positioning us well for a higher inflationary environment.

Based on contractual minimum ABR from net lease assets as of March 31, 2019.

 

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 March 31, 2019. Other includes assets in Canada, Mexico and Japan.

 

Top Ten Tenants

Our top ten tenants represent 23% of ABR and have a weighted average lease term of 12.3 years.

Tenant Name Description % Total Base Rent Lease Term (Years)
U-Haul International 78 net lease self-storage properties in the U.S. 3.3% 5.1
Hellweg 44 do-it-yourself retail properties in Germany 3.2% 17.9
State of Andalusia 70 government office properties in Spain 2.6% 15.7
The New York Times Company 1 media headquarters in New York City 2.6% 5.0
Metro Cash & Carry 20 business-to-business wholesale stores in Italy and Germany 2.5% 8.0
Pendragon PLC 70 automotive dealerships in the United Kingdom 2.0% 11.1
Marriott International, Inc. 18 net lease hotel properties in the U.S. 1.9% 4.6
Nord Anglia Education, Inc. 3 K-12 private schools in the U.S. 1.7% 24.4
Advance Stores Company, Inc. 30 distribution facilities in the U.S. 1.7% 13.8
Forterra, Inc. 27 industrial properties in the U.S. and Canada 1.7% 24.2
  • U-Haul International
    Description 78 net lease self-storage properties in the U.S.
    % Total Base Rent 3.3%
    Lease Term (Years) 5.1
  • Hellweg
    Description 44 do-it-yourself retail properties in Germany
    % Total Base Rent 3.2%
    Lease Term (Years) 17.9
  • State of Andalusia
    Description 70 government office properties in Spain
    % Total Base Rent 2.6%
    Lease Term (Years) 15.7
  • The New York Times Company
    Description 1 media headquarters in New York City
    % Total Base Rent 2.6%
    Lease Term (Years) 5.0
  • Metro Cash & Carry
    Description 20 business-to-business wholesale stores in Italy and Germany
    % Total Base Rent 2.5%
    Lease Term (Years) 8.0
  • Pendragon PLC
    Description 70 automotive dealerships in the United Kingdom
    % Total Base Rent 2.0%
    Lease Term (Years) 11.1
  • Marriott International, Inc.
    Description 18 net lease hotel properties in the U.S.
    % Total Base Rent 1.9%
    Lease Term (Years) 4.6
  • Nord Anglia Education, Inc.
    Description 3 K-12 private schools in the U.S.
    % Total Base Rent 1.7%
    Lease Term (Years) 24.4
  • Advance Stores Company, Inc.
    Description 30 distribution facilities in the U.S.
    % Total Base Rent 1.7%
    Lease Term (Years) 13.8
  • Forterra, Inc.
    Description 27 industrial properties in the U.S. and Canada
    % Total Base Rent 1.7%
    Lease Term (Years) 24.2
 

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 25 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 March 31, 2019.