W P Carey Inc
For the period ended Dec 31, 2023. Filed Feb 9, 2024.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2023 · Filed Feb 9, 2024
WPC$65.37-0.8%Stored close · as of Nov 10, 2026
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Consolidated Balance Sheets as of December 31, 202 and
CONSOLIDATED BALANCE SHEETS
| December 31, | ||
|---|---|---|
| 2023 | 2022 | |
| Assets | ||
| Investments in real estate: | ||
| Land, buildings and improvements — net lease and other | $12,095,458 | $13,338,857 |
| Land, buildings and improvements — operating properties | 1,256,249 | 1,095,892 |
| Net investments in finance leases and loans receivable | 1,514,923 | 771,761 |
| In-place lease intangible assets and other | 2,308,853 | 2,659,750 |
| Above-market rent intangible assets | 706,773 | 833,751 |
| Investments in real estate | 17,882,256 | 18,700,011 |
| Accumulated depreciation and amortization | (3,005,479) | (3,269,057) |
| Assets held for sale, net | 37,122 | 57,944 |
| Net investments in real estate | 14,913,899 | 15,488,898 |
| Equity method investments | 354,261 | 327,502 |
| Cash and cash equivalents | 633,860 | 167,996 |
| Other assets, net | 1,096,474 | 1,080,227 |
| Goodwill | 978,289 | 1,037,412 |
| Total assets (a) | $17,976,783 | $18,102,035 |
| Liabilities and Equity | ||
| Debt: | ||
| Senior unsecured notes, net | $6,035,686 | $5,916,400 |
| Unsecured term loans, net | 1,125,564 | 552,539 |
| Unsecured revolving credit facility | 403,785 | 276,392 |
| Non-recourse mortgages, net | 579,147 | 1,132,417 |
| Debt, net | 8,144,182 | 7,877,748 |
| Accounts payable, accrued expenses and other liabilities | 615,750 | 623,843 |
| Below-market rent and other intangible liabilities, net | 136,872 | 184,584 |
| Deferred income taxes | 180,650 | 178,959 |
| Dividends payable | 192,332 | 228,257 |
| Total liabilities (a) | 9,269,786 | 9,093,391 |
| Commitments and contingencies (Note 13) | ||
| Preferred stock, $0.001 par value, 50,000,000 shares authorized; none issued | — | — |
| Common stock, $0.001 par value, 450,000,000 shares authorized; 218,671,874 and 210,620,949 shares, respectively, issued and outstanding | 219 | 211 |
| Additional paid-in capital | 11,784,461 | 11,706,836 |
| Distributions in excess of accumulated earnings | (2,891,424) | (2,486,633) |
| Deferred compensation obligation | 62,046 | 57,012 |
| Accumulated other comprehensive loss | (254,867) | (283,780) |
| Total stockholders’ equity | 8,700,435 | 8,993,646 |
| Noncontrolling interests | 6,562 | 14,998 |
| Total equity | 8,706,997 | 9,008,644 |
| Total liabilities and equity | $17,976,783 | $18,102,035 |
(a)See Note 2 for details related to variable interest entities (“VIEs”).
W. P. Carey 2023 10-K – 56
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