2024-03-05 15:23:18 ET
W. P. Carey Inc. (WPC)
Citi 2024 Global Property CEO Conference
March 05, 2024 11:00 AM ET
Company Participants
Jason Fox - CEO
Brooks Gordon - Head of Asset Management
Conference Call Participants
Smedes Rose - Citi
Presentation
Smedes Rose
All right. Welcome to Citi's 2024 Global Property CEO Conference. I'm Smedes Rose of Citi Research. We're pleased to have with us W. P. Carey and Jason Fox, CEO. This session is for Citi clients only, if media or other individuals are on the line, please disconnect now.
Disclosures are available on the webcast and at the AV desk. For those of you in the room or on the webcast, you can go to live qa.com, enter code GPC24 to submit any questions. If you don't want to raise your hand or if you're here in the room, you're obviously welcome to, use one of the many mics that we have available.
Jason, I'm going to turn it over to you to give, introduce us to who's with you from the company, give us a few opening remarks on W. P. Carey, and then what I'd like you to do is segue into kind of your top two or three reasons why you think investors should be buying the stock today, and then we'll go into some Q&A. Thank you for being here.
Jason Fox
Sure. Thank you for hosting us and thanks to you all for joining. With me today is Jeremiah Gregory, who heads up Capital Markets with us. We've also included Brooks Gordon today, who's our Global Head of Asset Management. Again, thanks for having us.
So quickly on W. P. Carey, we are a global net lease REIT, been around since 1973 with a total enterprise value of, in the low $20 billion range and we primarily focus on sale leasebacks. The portfolio is comprised of about 60% industrial assets with the bulk of the balance being in retail, predominantly in Europe, but also in the U.S....
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W. P. Carey Inc. (WPC) Citi 2024 Global Property CEO Conference (Transcript)