Market Summary
USD63.95+1.08
Market Closed1.72%
WPC Alerts
WPC Stock Price
WPC RSI Chart
WPC Valuation
WPC Price/Sales (Trailing)
WPC Profitability
WPC Fundamentals
WPC Revenue
WPC Earnings
Price Action
52 Week Range
62.6885.94
(Low)(High)
Last 7 days
1.2%
Last 30 days
0.4%
Last 90 days
-5.5%
Trailing 12 Months
-21.1%
WPC Financial Health
WPC Investor Care
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Net sales
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Latest Insider Trading transactions for WPC
Filter Transactions| Datesorted ascending | Name | Buy/Sell | $ Value | Avg. Price | # Shares | Title |
|---|---|---|---|---|---|---|
2023-07-03 | Beier Constantin H. | sold (taxes) | -39,479 | 68.54 | -576 | - |
2023-07-03 | ALEXANDER MARK A | acquired | - | - | 2,553 | - |
2023-07-03 | Niehaus Christopher | acquired | - | - | 2,553 | - |
2023-07-03 | LEWIS MARGARET G | acquired | - | - | 2,553 | - |
2023-07-03 | FLANAGAN ROBERT J | acquired | - | - | 2,553 | - |
2023-07-03 | Hoysradt Jean | acquired | - | - | 2,553 | - |
2023-07-03 | Talma Stheeman Mechthild Elisabeth | acquired | - | - | 2,553 | - |
2023-07-03 | Beier Constantin H. | acquired | - | - | 2,553 | - |
2023-07-03 | van Ommen Nick J.M. | acquired | - | - | 2,553 | - |
2023-07-03 | CALAWAY TONIT M | acquired | - | - | 2,553 | - |
Which funds bought or sold WPC recently?
View All Details| Datesorted ascending | Fund Name | Type | % Chg | $ Change | $ Held | % Portfolio |
|---|---|---|---|---|---|---|
2023-09-12 | Farther Finance Advisors, LLC | reduced | -2.11 | -6,429 | 37,563 | 0.01% |
2023-09-07 | JAG CAPITAL MANAGEMENT, LLC | reduced | -11.5 | -384,003 | 1,300,230 | 0.15% |
2023-09-07 | ST GERMAIN D J CO INC | new | - | 67,020 | 67,020 | -% |
2023-09-05 | Delos Wealth Advisors, LLC | unchanged | - | -247 | 1,908 | -% |
2023-08-30 | CHAPIN DAVIS, INC. | sold off | -100 | -377,416 | - | -% |
2023-08-30 | Western Wealth Management, LLC | reduced | -2.88 | -83,809 | 464,397 | 0.04% |
2023-08-24 | Alberta Investment Management Corp | unchanged | - | -56,373 | 385,092 | -% |
2023-08-23 | Stonebridge Capital Advisors LLC | added | 34.97 | 12,294 | 81,612 | 0.01% |
2023-08-23 | WOLVERINE TRADING, LLC | added | 227 | 1,522,470 | 2,335,470 | -% |
2023-08-23 | HEADINVEST, LLC | sold off | -100 | -221,679 | - | -% |
Latest Funds Activity
Calls
Puts
Net Call Options
No. of Funds
WPC Alerts
Schedule 13G FIlings of WP Carey
| Date Filed | Name of Filer | Percent of Class | No. of Shares | Form Type | |
|---|---|---|---|---|---|
| Feb 09, 2023 | vanguard group inc | 14.09% | 29,309,215 | SC 13G/A | |
| Jan 31, 2023 | blackrock inc. | 7.2% | 15,004,666 | SC 13G/A | |
| Feb 01, 2022 | blackrock inc. | 7.6% | 14,112,099 | SC 13G/A | |
| Feb 10, 2021 | vanguard group inc | 13.82% | 24,234,545 | SC 13G/A | |
| Feb 01, 2021 | blackrock inc. | 7.8% | 13,717,916 | SC 13G/A | |
| Feb 11, 2020 | vanguard group inc | 14.86% | 25,600,966 | SC 13G/A | |
| Feb 06, 2020 | blackrock inc. | 8.8% | 15,108,162 | SC 13G/A |
Recent SEC filings of WP Carey
View All Filings| Date Filed | Form Type | Document | |
|---|---|---|---|
| Jul 28, 2023 | 8-K | Current Report | |
| Jul 28, 2023 | 10-Q | Quarterly Report | |
| Jul 05, 2023 | 4 | Insider Trading | |
| Jul 05, 2023 | 4 | Insider Trading | |
| Jul 05, 2023 | 4 | Insider Trading | |
| Jul 05, 2023 | 4 | Insider Trading | |
| Jul 05, 2023 | 4 | Insider Trading | |
| Jul 05, 2023 | 4 | Insider Trading | |
| Jul 05, 2023 | 4 | Insider Trading | |
| Jul 05, 2023 | 4 | Insider Trading |
WPC Fair Value
Loading...
Peers (Alternatives to WP Carey)
View All Peers In Detail| Name | Mkt Capsorted ascending | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
|---|---|---|---|---|---|---|---|---|
| LARGE-CAP | ||||||||
PSA | 48.1B | 4.4B | -0.64% | -17.74% | 11.24 | 10.95 | 14.80% | 87.79% |
DLR | 38.3B | 5.1B | 5.88% | 19.36% | 89.57 | 7.47 | 13.73% | -68.04% |
INVH | 20.8B | 2.3B | 3.32% | -4.19% | 47.46 | 8.89 | 10.35% | 26.08% |
WPC | 13.7B | 1.7B | 0.41% | -21.12% | 18.15 | 8.21 | 19.60% | 44.13% |
| MID-CAP | ||||||||
TRNO | 5.1B | 301.0M | 6.41% | 5.84% | 35.04 | 16.87 | 21.69% | -14.92% |
IIPR | 2.4B | 293.9M | 10.55% | -10.12% | 14.72 | 8.09 | 18.58% | 20.52% |
OUT | 1.7B | 1.8B | -3.55% | -40.03% | -4.29 | 0.96 | 7.44% | -368.11% |
| SMALL-CAP | ||||||||
UE | 1.9B | 398.4M | 6.31% | 8.85% | 118.52 | 4.82 | -8.09% | -82.26% |
GTY | 1.5B | 172.8M | -1.07% | 2.10% | 21.91 | 8.65 | 8.04% | -16.27% |
ALEX | 1.2B | 223.7M | -2.77% | -1.72% | -26.84 | 5.58 | -9.65% | -270.33% |
HPP | 959.8M | 1.0B | 15.23% | -41.03% | -16.34 | 0.93 | 6.60% | -1003.40% |
AHH | 761.0M | 584.5M | 0.99% | -6.96% | 13.15 | 1.3 | 80.57% | 25.53% |
SRG | 426.9M | - | -0.78% | -31.22% | -6.22 | 4.82 | -8.25% | 37.88% |
OPI | 272.1M | 532.0M | -17.40% | -63.96% | 25.51 | 0.51 | -8.83% | 221.12% |
WP Carey News
Returns for WPC
Cumulative Returns on WPC
5.2%
10-Year Cumulative Returns
4.8%
7-Year Cumulative Returns
4.4%
5-Year Cumulative Returns
3.0%
3-Year Cumulative Returns
Risks for WPC
What is the probability of a big loss on WPC?
41.1%
Probability that WP Carey stock will be more than 20% underwater in next one year
19.6%
Probability that WP Carey stock will be more than 30% underwater in next one year.
19.2%
Probability that WP Carey stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.
How does WPC drawdown profile look like?
Y-axis is the maximum loss one would have experienced if WP Carey was unfortunately bought at previous high price.
Drawdowns
Financials for WP Carey
Income Statement (Last 12 Months)(In Millions)
| Income Statement (Last 12 Months) | (In Millions) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
| Revenue | 6.9% | 1,667 | 1,558 | 1,479 | 1,451 | 1,393 | 1,369 | 1,332 | 1,264 | 1,241 | 1,211 | 1,209 | 1,213 | 1,229 | 1,243 | 1,233 | 1,195 | 1,086 | 982 | 886 | 809 | 811 |
| Costs and Expenses | 4.9% | 960 | 915 | 867 | 833 | 774 | 758 | 727 | 704 | 678 | 666 | 692 | 689 | 726 | 746 | 731 | 741 | 653 | 583 | 526 | 453 | 457 |
| S&GA Expenses | 4.3% | 96.00 | 92.00 | 89.00 | 86.00 | 83.00 | 83.00 | 82.00 | 81.00 | 80.00 | 77.00 | 76.00 | 75.00 | 72.00 | 75.00 | 75.00 | 76.00 | 74.00 | 71.00 | 68.00 | 69.00 | 70.00 |
| EBITDA | -100.0% | - | 1,556 | 1,349 | 1,212 | 1,220 | 1,218 | 1,111 | 1,130 | 1,135 | 1,131 | 1,111 | 1,115 | 1,013 | 973 | 1,026 | - | - | - | - | - | - |
| EBITDA Margin | -100.0% | - | 1.00* | 0.91* | 0.84* | 0.88* | 0.89* | 0.83* | 0.89* | 0.91* | 0.93* | 0.92* | 0.92* | 0.82* | 0.78* | 0.83* | - | - | - | - | - | - |
| Interest Expenses | 12.1% | 269 | 240 | 219 | 199 | 188 | 191 | 197 | 202 | 206 | 209 | 210 | 211 | 217 | 225 | 233 | 237 | 220 | 202 | 178 | 162 | 161 |
| Earnings Before Taxes | 2.7% | 792 | 772 | 626 | 515 | 550 | 545 | 439 | 476 | 484 | 478 | 445 | 454 | 345 | 291 | 333 | 389 | 427 | 443 | 439 | 329 | 311 |
| EBT Margin | -100.0% | - | 0.50* | 0.42* | 0.36* | 0.39* | 0.40* | 0.33* | 0.38* | 0.39* | 0.39* | 0.37* | 0.37* | 0.28* | 0.23* | 0.27* | - | - | - | - | - | - |
| Net Income | 2.3% | 753 | 737 | 599 | 489 | 523 | 515 | 410 | 445 | 456 | 441 | 455 | 450 | 342 | 303 | 305 | 369 | 405 | 415 | 412 | 294 | 296 |
| Net Income Margin | -100.0% | - | 0.47* | 0.41* | 0.34* | 0.38* | 0.38* | 0.31* | 0.35* | 0.37* | 0.36* | 0.38* | 0.37* | 0.28* | 0.24* | 0.25* | - | - | - | - | - | - |
| Free Cashflow | -100.0% | - | 1,050 | 1,004 | 1,004 | 975 | 974 | 926 | 870 | 860 | 810 | 802 | 791 | 824 | 849 | 812 | - | - | - | - | - | - |
Balance Sheet(In Millions)
| Balance Sheet | (In Millions) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
| Assets | 1.3% | 19,076 | 18,832 | 18,102 | 17,775 | 15,454 | 15,570 | 15,481 | 15,135 | 15,232 | 14,549 | 14,708 | 14,190 | 13,956 | 13,890 | 14,061 | 14,084 | 14,192 | 14,156 | 14,183 | 8,519 | 8,267 |
| Cash Equivalents | 38.0% | 204 | 148 | 168 | 186 | 200 | 259 | 218 | 182 | 218 | 284 | 249 | 223 | 204 | 284 | 252 | 389 | 262 | 306 | 424 | 215 | 164 |
| Goodwill | -0.1% | 1,037 | 1,038 | 1,037 | 1,023 | 891 | 900 | 902 | 904 | 907 | 906 | 911 | 904 | 899 | 930 | 935 | 931 | 920 | 919 | 921 | 642 | 642 |
| Liabilities | 3.3% | 9,829 | 9,513 | 9,093 | 8,961 | 7,813 | 7,875 | 7,897 | 7,748 | 7,931 | 7,658 | 7,829 | 7,300 | 7,154 | 7,117 | 7,113 | 7,119 | 7,201 | 7,138 | 7,353 | 5,246 | 4,954 |
| Long Term Debt | 4.3% | 8,616 | 8,258 | 7,878 | 7,783 | 6,766 | 6,778 | 6,792 | 6,675 | 6,816 | 6,520 | 6,696 | 6,234 | 6,122 | 6,122 | 6,054 | 6,097 | 6,177 | 6,123 | 6,379 | 4,664 | 4,401 |
| Shareholder's Equity | -1.0% | 9,231 | 9,319 | 8,994 | 8,799 | 7,641 | 7,695 | 7,583 | 7,387 | 7,301 | 6,890 | 6,878 | 6,889 | 6,802 | 6,773 | 6,948 | 6,964 | 6,991 | 7,018 | 6,830 | 3,272 | 3,312 |
| Additional Paid-In Capital | 0.1% | 11,959 | 11,949 | 11,707 | 11,510 | 10,202 | 10,152 | 9,978 | 9,694 | 9,542 | 9,061 | 8,925 | 8,920 | 8,815 | 8,712 | 8,718 | 8,712 | 8,576 | 8,483 | 8,187 | 4,445 | 4,443 |
| Shares Outstanding | 0.0% | 214 | 214 | 211 | 208 | 194 | 192 | 190 | 185 | 180 | 177 | 175 | 175 | 173 | 173 | 172 | 172 | 171 | 167 | 165 | 108 | 108 |
| Minority Interest | -8.0% | 16.00 | 18.00 | 15.00 | 15.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 6.00 | 6.00 | 6.00 | 6.00 | 6.00 | 210 | 212 |
Cashflow (Last 12 Months)(In Millions)
| Cashflow (Last 12 Months) | (In Millions) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
| Cashflow From Operations | 3.5% | 1,087 | 1,050 | 1,004 | 1,004 | 975 | 974 | 926 | 870 | 860 | 810 | 802 | 791 | 824 | 849 | 812 | 717 | 608 | 549 | 509 | 504 | 502 |
| Share Based Compensation | -2.4% | 32.00 | 33.00 | 33.00 | 29.00 | 28.00 | 27.00 | 25.00 | 25.00 | 25.00 | 19.00 | 16.00 | 15.00 | 15.00 | 17.00 | 19.00 | 18.00 | 16.00 | 14.00 | 18.00 | 19.00 | 21.00 |
| Cashflow From Investing | 0.9% | -1,397 | -1,410 | -1,052 | -1,532 | -1,241 | -1,719 | -1,566 | -1,315 | -1,223 | -506 | -539 | -379 | -417 | -478 | -522 | -225 | -362 | -380 | -266 | -413 | -176 |
| Cashflow From Financing | 17.5% | 387 | 329 | 58.00 | 615 | 265 | 726 | 557 | 407 | 372 | -310 | -210 | -588 | -459 | -385 | -457 | -309 | -147 | -68.84 | -24.29 | -89.26 | -385 |
| Dividend Payments | 2.9% | 884 | 859 | 835 | 810 | 799 | 782 | 764 | 751 | 739 | 732 | 727 | 722 | 718 | 713 | 704 | 636 | 569 | 502 | 440 | 438 | 436 |
| Buy Backs | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.00 | - | - |
WPC Income Statement
2023-06-30CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2023 | Jun. 30, 2022 | |
| Real Estate: | ||||
| Lease revenues | $ 369,124 | $ 314,354 | $ 721,460 | $ 622,079 |
| Investment Management: | ||||
| Revenues | 452,578 | 344,397 | 880,368 | 692,835 |
| Operating Expenses | ||||
| Depreciation and amortization | 143,548 | 115,080 | 299,957 | 230,473 |
| Operating property expenses | 26,919 | 3,191 | 48,168 | 5,978 |
| General and administrative | 24,788 | 20,841 | 51,236 | 43,925 |
| Reimbursable tenant costs | 20,523 | 16,704 | 42,499 | 33,664 |
| Stock-based compensation expense | 8,995 | 9,758 | 16,761 | 17,591 |
| Property expenses, excluding reimbursable tenant costs | 5,371 | 11,851 | 18,143 | 25,630 |
| Merger and other expenses | 1,419 | 1,984 | 1,443 | (338) |
| Reimbursable costs from affiliates | 124 | 1,143 | 225 | 2,070 |
| Impairment charges — real estate | 0 | 6,206 | 0 | 26,385 |
| Total operating expenses | 231,687 | 186,758 | 478,432 | 385,378 |
| Other Income and Expenses | ||||
| Interest expense | (75,488) | (46,417) | (142,684) | (92,470) |
| Non-operating income | 4,509 | 5,974 | 9,135 | 14,520 |
| Earnings from equity method investments | 4,355 | 7,401 | 9,591 | 12,173 |
| Gain on sale of real estate, net | 1,808 | 31,119 | 179,557 | 42,367 |
| Other gains and (losses) | (1,366) | (21,746) | 6,734 | 13,999 |
| Total other income and expenses | (66,182) | (23,669) | 62,333 | (9,411) |
| Income before income taxes | 154,709 | 133,970 | 464,269 | 298,046 |
| Provision for income taxes | (10,129) | (6,252) | (25,248) | (13,335) |
| Net Income | 144,580 | 127,718 | 439,021 | 284,711 |
| Net loss (income) attributable to noncontrolling interests | 40 | (40) | (21) | (38) |
| Net Income Attributable to W. P. Carey | $ 144,620 | $ 127,678 | $ 439,000 | $ 284,673 |
| Basic earnings per share (in dollars per share) | $ 0.67 | $ 0.66 | $ 2.06 | $ 1.48 |
| Diluted earnings per share (in dollars per share) | $ 0.67 | $ 0.66 | $ 2.05 | $ 1.47 |
| Weighted-Average Shares Outstanding | ||||
| Basic (in shares) | 215,075,114 | 194,019,451 | 213,522,150 | 192,971,256 |
| Diluted (in shares) | 215,184,485 | 194,763,695 | 213,875,471 | 193,706,035 |
| Real Estate | ||||
| Real Estate: | ||||
| Lease revenues | $ 369,124 | $ 314,354 | $ 721,460 | $ 622,079 |
| Income from finance leases and loans receivable | 27,311 | 17,778 | 48,066 | 36,157 |
| Operating property revenues | 50,676 | 5,064 | 91,562 | 8,929 |
| Other lease-related income | 5,040 | 2,591 | 18,413 | 16,713 |
| Investment Management: | ||||
| Operating property revenues | 50,676 | 5,064 | 91,562 | 8,929 |
| Revenues | 452,151 | 339,787 | 879,501 | 683,878 |
| Operating Expenses | ||||
| Depreciation and amortization | 143,548 | 115,080 | 299,957 | 230,473 |
| Operating property expenses | 26,919 | 3,191 | 48,168 | 5,978 |
| General and administrative | 24,788 | 20,841 | 51,236 | 43,925 |
| Reimbursable tenant costs | 20,523 | 16,704 | 42,499 | 33,664 |
| Stock-based compensation expense | 8,995 | 9,758 | 16,761 | 17,591 |
| Property expenses, excluding reimbursable tenant costs | 5,371 | 11,851 | 18,143 | 25,630 |
| Merger and other expenses | 1,419 | 1,984 | 1,443 | (341) |
| Impairment charges — real estate | 0 | 6,206 | 0 | 26,385 |
| Total operating expenses | 231,563 | 185,615 | 478,207 | 383,305 |
| Other Income and Expenses | ||||
| Interest expense | (75,488) | (46,417) | (142,684) | (92,470) |
| Non-operating income | 4,509 | 5,975 | 9,122 | 14,517 |
| Earnings from equity method investments | 4,355 | 4,529 | 9,591 | 3,742 |
| Gain on sale of real estate, net | 1,808 | 31,119 | 179,557 | 42,367 |
| Other gains and (losses) | (890) | (20,155) | 6,696 | 14,263 |
| Total other income and expenses | (65,706) | (24,949) | 62,282 | (17,581) |
| Income before income taxes | 154,882 | 129,223 | 463,576 | 282,992 |
| Provision for income taxes | (10,236) | (5,955) | (25,638) | (12,868) |
| Net Income | 144,646 | 123,268 | 437,938 | 270,124 |
| Net loss (income) attributable to noncontrolling interests | 40 | (40) | (21) | (38) |
| Net Income Attributable to W. P. Carey | 144,686 | 123,228 | 437,917 | 270,086 |
| Investment Management | ||||
| Real Estate: | ||||
| Operating property revenues | 427 | 4,610 | 867 | 8,957 |
| Investment Management: | ||||
| Operating property revenues | 427 | 4,610 | 867 | 8,957 |
| Revenues | 427 | 4,610 | 867 | 8,957 |
| Operating Expenses | ||||
| Merger and other expenses | 0 | 0 | 0 | 3 |
| Reimbursable costs from affiliates | 124 | 1,143 | 225 | 2,070 |
| Total operating expenses | 124 | 1,143 | 225 | 2,073 |
| Other Income and Expenses | ||||
| Non-operating income | 0 | (1) | 13 | 3 |
| Earnings from equity method investments | 0 | 2,872 | 0 | 8,431 |
| Other gains and (losses) | (476) | (1,591) | 38 | (264) |
| Total other income and expenses | (476) | 1,280 | 51 | 8,170 |
| Income before income taxes | (173) | 4,747 | 693 | 15,054 |
| Provision for income taxes | 107 | (297) | 390 | (467) |
| Net Income Attributable to W. P. Carey | (66) | 4,450 | 1,083 | 14,587 |
| Investment Management | Asset management revenue | ||||
| Real Estate: | ||||
| Operating property revenues | 303 | 3,467 | 642 | 6,887 |
| Investment Management: | ||||
| Operating property revenues | 303 | 3,467 | 642 | 6,887 |
| Investment Management | Reimbursable costs from affiliates | ||||
| Real Estate: | ||||
| Operating property revenues | 124 | 1,143 | 225 | 2,070 |
| Investment Management: | ||||
| Operating property revenues | $ 124 | $ 1,143 | $ 225 | $ 2,070 |
WPC Balance Sheet
2023-06-30CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($) $ in Thousands | Jun. 30, 2023 | Dec. 31, 2022 | ||
|---|---|---|---|---|
| Investments in real estate: | ||||
| Land, buildings and improvements — net lease and other | $ 13,563,837 | $ 13,338,857 | ||
| Land, buildings and improvements — operating properties | 1,334,501 | 1,095,892 | ||
| Net investments in finance leases and loans receivable | 1,222,439 | 771,761 | ||
| In-place lease intangible assets and other | 2,748,013 | 2,659,750 | ||
| Above-market rent intangible assets | 806,619 | 833,751 | ||
| Investments in real estate | 19,675,409 | 18,700,011 | ||
| Accumulated depreciation and amortization | (3,378,385) | (3,269,057) | ||
| Assets held for sale, net | 43,002 | 57,944 | ||
| Net investments in real estate | 16,340,026 | 15,488,898 | ||
| Equity method investments | 340,285 | 327,502 | ||
| Cash and cash equivalents | 204,103 | 167,996 | ||
| Other assets, net | 1,154,945 | 1,080,227 | ||
| Goodwill | 1,036,966 | 1,037,412 | ||
| Total assets | [1] | 19,076,325 | 18,102,035 | |
| Debt: | ||||
| Senior unsecured notes, net | 5,978,294 | 5,916,400 | ||
| Unsecured term loans, net | 1,113,491 | 552,539 | ||
| Unsecured revolving credit facility | 528,705 | 276,392 | ||
| Non-recourse mortgages, net | 995,435 | 1,132,417 | ||
| Debt, net | 8,615,925 | 7,877,748 | ||
| Accounts payable, accrued expenses and other liabilities | 643,830 | 623,843 | ||
| Below-market rent and other intangible liabilities, net | 157,728 | 184,584 | ||
| Deferred income taxes | 179,449 | 178,959 | ||
| Dividends payable | 232,461 | 228,257 | ||
| Total liabilities | [1] | 9,829,393 | 9,093,391 | |
| Commitments and contingencies (Note 11) | ||||
| Preferred stock, $0.001 par value, 50,000,000 shares authorized; none issued | 0 | 0 | ||
| Common stock, $0.001 par value, 450,000,000 shares authorized; 213,901,170 and 210,620,949 shares, respectively, issued and outstanding | 214 | 211 | ||
| Additional paid-in capital | 11,959,060 | 11,706,836 | ||
| Distributions in excess of accumulated earnings | (2,510,816) | (2,486,633) | ||
| Deferred compensation obligation | 62,046 | 57,012 | ||
| Accumulated other comprehensive loss | (279,931) | (283,780) | ||
| Total stockholders’ equity | 9,230,573 | 8,993,646 | ||
| Noncontrolling interests | 16,359 | 14,998 | ||
| Total equity | 9,246,932 | 9,008,644 | ||
| Total liabilities and equity | $ 19,076,325 | $ 18,102,035 | ||
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W. P. Carey ranks among the largest net lease REITs with an enterprise value of approximately $18 billion and a diversified portfolio of operationally-critical commercial real estate that includes 1,215 net lease properties covering approximately 142 million square feet as of September 30, 2020. For nearly five decades, the company has invested in high-quality single-tenant industrial, warehouse, office, retail and self-storage properties subject to long-term net leases with built-in rent escalators. Its portfolio is located primarily in the U.S. and Northern and Western Europe and is well-diversified by tenant, property type, geographic location and tenant industry.