Strategic Plan to Exit Office
Top Ten Net Lease Tenants (1)
One of the lowest Top 10 concentrations among the net lease peer group
Tenant
Description
W. P. CAREY
Number of
Properties
ABR
($ millions)
WALT
(years)
% of
Total
78
$39
0.5
2.6%
U-HAUL
Net lease self-storage properties in the U.S. (2)
APOTEX
Pharmaceutical R&D and advanced manufacturing properties in Canada (3)
11
32
19.5
2.2%
Government office properties in Spain
70
31
11.2
2.1%
State of Andalucia
METRO
HELLWEG
Die Pratite IDEEN MUSS MAN HABEN
Business-to-business wholesale stores in Italy and Germany
Do-it-yourself retail properties in Germany
20
29
5.0
2.0%
35
29
13.4
2.0%
ExtraSpace
Storage
▲ ABC TECHNOLOGIES
OBI
Net lease self-storage properties in the U.S.
27
25
20.6
1.7%
Automotive component manufacturing properties in North America (3)(4)
23
24
19.6
1.7%
Do-it-yourself retail properties in Poland
26
24
7.7
1.6%
Top 10
NORD ANGLIA
EDUCATION
FORTENOVA
GRUPA
K-12 private schools in the U.S.
Grocery stores and warehouses in Croatia
3
22
20.0
1.5%
19
21
10.6
1.5%
312
1. Portfolio information reflects pro rata ownership of real estate assets (excluding operating properties) as of September 30, 2023.
2. The Company received notice during the 2023 first quarter from a related party of U-Haul of its intention to exercise its repurchase option on the properties in the U-Haul net lease self-storage portfolio.
3. ABR from these properties is denominated in U.S. dollars.
4. Of the 23 properties leased to the tenant, nine are located in Canada, eight are located in the United States and six are located in Mexico.
$276
12.2 yrs
18.9%
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