Capital Investment Case Studies
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
0.8
2.6%
U-HAUL
Net lease self-storage properties in the U.S.(2)
Government office properties in Spain
70
32
11.5
2.2%
State of Andalucia
APOTEX
Pharmaceutical R&D and advanced manufacturing properties in Canada(3)
11
32
19.8
2.1%
METRO
HELLWEG
Die Pratite IDEEN MUSS MAN HABEN
ExtraSpace
Storage
OBI
▲ ABC TECHNOLOGIES
Top 10
NORD ANGLIA
EDUCATION
FORTENOVA
GRUPA
Business-to-business wholesale stores in Italy and Germany
Do-it-yourself retail properties in Germany
Net lease self-storage properties in the U.S.
Do-it-yourself retail properties in Poland
20
30
5.2
2.0%
R⌘
35
30
13.7
2.0%
27
25
20.8
1.7%
26
24
8.0
1.7%
Automotive component manufacturing properties in North America (4)
23
24
19.8
1.7%
K-12 private schools in the U.S.
3
22
20.2
1.5%
Grocery stores and warehouses in Croatia
19
22
10.8
1.5%
312
$280
12.4 yrs
19.0%
1. Portfolio information reflects pro rata ownership of real estate assets (excluding operating properties) as of June 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. ABR from the properties in Canada and Mexico is denominated in U.S. dollars.
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