W.P. Carey Inc. Stock Price, News & Analysis

W. P. Carey Inc. has secured a new €500 million unsecured term loan, maturing on April 24, 2026, aimed at refinancing existing debt. The loan features an accordion option to increase the total up to €750 million. The borrowing rate is set at 85 basis points over EURIBOR, and to manage interest costs, the company has executed a variable-to-fixed interest rate swap, fixing the rate at 4.34% until the end of 2024. This move is part of W. P. Carey's financing strategy, supported by ten lenders including JPMorgan Chase and BofA Securities. The company boasts a significant enterprise value of $24 billion and a robust portfolio comprising 1,449 net lease properties across approximately 176 million square feet, plus 84 self-storage facilities as of December 31, 2022.

W. P. Carey Inc. (NYSE: WPC), a prominent net lease REIT, will announce its financial results for Q1 2023 on April 28, 2023, before market opening. The enterprise value stands at approximately $24 billion, with a diversified portfolio of 1,449 net lease properties covering around 176 million square feet and 84 self-storage properties as of December 31, 2022. A conference call is scheduled for the same day at 10:00 a.m. ET to discuss these results. The REIT focuses on industrial, warehouse, and retail properties, primarily in the U.S. and Western Europe, under long-term net leases with built-in escalations.

W. P. Carey (NYSE: WPC) has been recognized as a 2023 Green Lease Leader by the Institute for Market Transformation and the U.S. Department of Energy's Better Buildings Alliance, marking its second consecutive year of achieving this accolade. The Gold recognition highlights the company's commitment to green leasing practices, focusing on energy efficiency and sustainability. In 2022, W. P. Carey executed 27 leases with green provisions, covering 16.8 million square feet, generating approximately $97.5 million in annualized base rent. The company, with an enterprise value of around $24 billion, manages a portfolio of 1,449 properties and 84 self-storage facilities, emphasizing single-tenant, industrial, and retail properties. CEO Brooks Gordon stated the importance of sustainability in their strategy, aiming to reduce the carbon footprint and engage tenants on green initiatives.

W. P. Carey (NYSE: WPC) announced the completion of a $468 million sale-leaseback of four pharmaceutical R&D and manufacturing campuses with Apotex, enhancing its portfolio and bringing its year-to-date investment volume to approximately $650 million. The sale-leaseback, structured as a triple-net master lease with fixed rent escalations over a 20-year term, aligns with Apotex's global operations in Canada. This transaction supports Apotex's majority buyout by SK Capital, showcasing W. P. Carey's strategy to partner with private equity firms for capital optimization.