W. P. Carey Inc. Files 8-K for Other Events

Ticker: WPC · Form: 8-K · Filed: 2024-10-15T00:00:00.000Z

Sentiment: neutral

Topics: 8-K, regulatory-filing

TL;DR

WP Carey filed an 8-K for 'Other Events' on 10/15/24. Details TBD.

AI Summary

W. P. Carey Inc. filed an 8-K on October 15, 2024, reporting "Other Events." The filing does not contain specific details about transactions, agreements, or financial figures within the provided text, but indicates a reportable event occurred on or before October 15, 2024.

Why It Matters

This filing signals a material event has occurred for W. P. Carey Inc., requiring disclosure to investors, though the specific nature of the event is not detailed in this excerpt.

Risk Assessment

Risk Level: low — The filing is a standard 8-K for 'Other Events' and does not contain specific financial or operational details that would immediately indicate high risk.

Key Players & Entities

FAQ

What specific event is W. P. Carey Inc. reporting under 'Other Events'?

The provided text of the 8-K filing does not specify the nature of the 'Other Events' being reported.

When was the report filed?

The report was filed on October 15, 2024.

What is the exact name of the registrant?

The exact name of the registrant is W. P. Carey Inc.

What is the principal executive office address?

The principal executive offices are located at 395 9th Avenue, 58th Floor, New York, New York 10001.

What is the Commission File Number for W. P. Carey Inc.?

The Commission File Number for W. P. Carey Inc. is 001-13779.

Filing Stats: 619 words · 2 min read · ~2 pages · Grade level 8.2 · Accepted 2024-10-15 06:10:36

Key Financial Figures

Filing Documents

01. Other Events

Item 8.01. Other Events On October 14, 2024, W. P. Carey Inc.'s tenant, True Value Company, L.L.C. ("True Value"), announced that it has initiated voluntary Chapter 11 proceedings in the U.S. Bankruptcy Court for the District of Delaware and that it had entered into an agreement to sell substantially all of its business operations to Do it Best Corp. As of June 30, 2024, W. P. Carey net leased nine properties to True Value through two master leases and three individual leases that generated total annualized base rent ("ABR") of $18.7 million (ranking it as W. P. Carey's 15 th largest tenant), and had a weighted-average lease term of 14.1 years. True Value is current on rent through October 2024. Properties net leased to True Value comprised the following (as of June 30, 2024): Property Type City State ABR ABR % Square Footage Lease Structure Distribution (Warehouse) Springfield OR $ 2,828 0.2 % 548 Master Lease 1 Distribution (Warehouse) Jonesboro GA 2,474 0.2 % 619 Master Lease 1 Distribution (Warehouse) Kingman AZ 1,460 0.1 % 372 Master Lease 1 Distribution (Warehouse) Corsicana TX 3,118 0.2 % 775 Master Lease 2 Distribution (Warehouse) Woodland CA 1,691 0.1 % 359 Master Lease 2 Distribution (Warehouse) Kansas City MO 1,571 0.1 % 415 Master Lease 2 Manufacturing (Industrial) Cary IL 2,486 0.2 % 571 Individual Lease Distribution (Warehouse) Westlake OH 2,021 0.2 % 392 Individual Lease Distribution (Warehouse) Mankato MN 1,057 0.1 % 310 Individual Lease $ 18,707 1.4 % 4,362 ABR and square footage in thousands. Pro rata.

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. (d) Exhibits Exhibit No. Exhibit Description 104 Cover Page Interactive Data File (embedded within the Inline XBRL document). SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this Report to be signed on its behalf by the undersigned, thereunto duly authorized. Date: October 15, 2024 W. P. Carey Inc. By: /s/ Jason E. Fox Jason E. Fox Chief Executive Officer

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