Discontinued — last reported Q4 '23
Real Estate — Property expenses, excluding reimbursable tenant costs
W.P. Carey Inc. Real Estate — Property expenses, excluding reimbursable tenant costs increased by 2.0% to $13.29M in Q4 2023 compared to the prior quarter. Year-over-year, this metric declined by 4.3%, from $13.88M to $13.29M. Over 2 years (FY 2021 to FY 2023), Real Estate — Property expenses, excluding reimbursable tenant costs shows relatively stable performance with a -3.7% CAGR. This increase may warrant attention — for this metric, lower values are generally preferred.
Analysis
How to read this metric
A decrease indicates better lease structures where more costs are shifted to tenants, improving net margins.
Detailed definition
Measures the net property-level expenses that the landlord must absorb, excluding those costs that are contractually rec...
Peer comparison
Often referred to as 'Non-recoverable Property Expenses' or 'Net Property Expenses' in REIT financial reporting.
wpc_segment_real_estate_property_expenses_excluding_reimbursable_tenant_costsHistorical Data
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $11.82M | $13.73M | $11.47M | $13.78M | $11.85M | $11.24M | $13.88M | $12.77M | $5.37M | $13.02M | $13.29M |
| QoQ Change | — | +16.2% | -16.5% | +20.2% | -14.0% | -5.1% | +23.4% | -8.0% | -57.9% | +142.4% | +2.0% |
| YoY Change | — | — | — | — | +0.3% | -18.1% | +21.0% | -7.3% | -54.7% | +15.8% | -4.3% |
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Frequently Asked Questions
- What is W.P. Carey Inc.'s real estate — property expenses, excluding reimbursable tenant costs?
- W.P. Carey Inc. (WPC) reported real estate — property expenses, excluding reimbursable tenant costs of $13.29M in Q4 2023.
- How has W.P. Carey Inc.'s real estate — property expenses, excluding reimbursable tenant costs changed year-over-year?
- W.P. Carey Inc.'s real estate — property expenses, excluding reimbursable tenant costs decreased by 4.3% year-over-year, from $13.88M to $13.29M.
- What is the long-term trend for W.P. Carey Inc.'s real estate — property expenses, excluding reimbursable tenant costs?
- Over 2 years (2021 to 2023), W.P. Carey Inc.'s real estate — property expenses, excluding reimbursable tenant costs has grown at a -3.7% compound annual growth rate (CAGR), from $47.90M to $44.45M.
- What does real estate — property expenses, excluding reimbursable tenant costs mean?
- The portion of property operating costs that the landlord must pay themselves.