W. P. Carey Inc
Company Overview
W. P. Carey Inc. is a real estate investment trust (REIT) that specializes in sale-leaseback transactions and net lease properties. The company invests in commercial real estate properties that are essential to their tenants' operations, including office, warehouse, industrial, and retail facilities. They generate revenue primarily through long-term lease agreements with corporate tenants.
The company's business model focuses on acquiring single-tenant properties and leasing them back to companies under long-term contracts, typically with built-in rent escalators. This provides a stable income stream from rent collection while the tenant is responsible for most property operating expenses.
Use of Interest
| Reporting Date | Total Revenue | Total Operating Expense | Interest Income | Interest Expense | Interest Income Ratio | Interest Expense Ratio |
|---|---|---|---|---|---|---|
| June 30, 2024 | $326.87m | $65.31m | $-65307000.0 | $65.31m | 19.98% | 100.00% |
| March 31, 2024 | $334.99m | $68.65m | $-68651000.0 | $68.65m | 20.49% | 100.00% |
Company Impact
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