W. P. Carey Inc. WPC
New risk paragraphs, branching off last year
Each branch is a paragraph in Risk Factors with nothing like it in the 10-K filed Feb 12, 2025. A box jumps to the paragraph as filed, below.
Paragraphs with nothing like them in last year's 10-K
6 paragraphs in Risk Factors of the 10-K filed Feb 11, 2026 with nothing like them in the 10-K filed Feb 12, 2025. Quoted exactly. Paragraphs that were only edited are under 10-K change.
•political risks associated with our Eastern European assets as a result of the ongoing conflict between Russia and Ukraine.
reorganization or the protection of a debtor’s rights as in the United States. In circumstances where the bankruptcy laws of the United States are considered to be more favorable to debtors and/or their reorganization, entities that are not ordinarily perceived as U.S. entities may seek to take advantage of U.S. bankruptcy laws.
The credit agreement for our Senior Unsecured Credit Facility and the indentures governing our Senior Unsecured Notes contain financial and operating covenants that, among other things, require us to meet specified financial ratios and may limit
other provisions that may delay, defer, or prevent a transaction or a change of control that might involve a premium price for our common stock or otherwise be in the best interests of our stockholders.
Uninsured losses relating to property or excessively expensive premiums for insurance coverage could adversely affect our cash flows and operating results.
Although the majority of our tenants are responsible for obtaining insurance on their properties, we maintain insurance coverage on some of our properties with third-party carriers who provide a portion of the coverage of potential losses and we maintain contingency coverage on all of our properties. We also currently self-insure a portion of our North American portfolio and NLOP’s North American portfolio through our captive insurance company and may be required to fund additional capital to our captive insurance company, or we may be required to bear that loss. As a result, our cash flows and operating results may be adversely affected.
Paragraphs in the 10-Q filed Oct 28, 2026 that were not in the one before
New in the latest 10-Q
8 paragraphs in the 10-Q filed Oct 28, 2026 with nothing like them in the 10-Q filed Jul 29, 2026 (at least half the words must differ; new numbers alone do not count). Quoted exactly, grouped by the item heading above them. This is text that changed, not a judgement of how serious it is.
Financial statements and notes
Property Location(s) Primary Transaction Type Number of Properties Property Type Total Capitalized Costs ──────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────── Surprise, Arizona Build-to-Suit 1 Retail $ 12,175 Oskarshamn, Sweden (a) Build-to-Suit 1 Warehouse 18,449 Billings, Montana Build-to-Suit 1 Education (Medical School) 25,825 Overland Park, Kansas Expansion 1 Specialty (Healthcare) 9,922 Houston, Texas (b) Expansion 1 Education (K-12 Private School) 7,713 Brampton, Canada (a) Build-to-Suit 1 Industrial 17,167 6 $ 91,251
Read in the 10-Q
(b) The tenant at this property is expected to commence paying rent in January 2027.
Read in the 10-Q
• Vacancy period of two years for property renovations, which are estimated to cost approximately € 4.6 million;
Read in the 10-Q
In October 2026, we completed three acquisitions totaling approximately $ 144.5 million. They are as follows:
Read in the 10-Q
• $ 34.5 million on a consolidated basis (of which our proportionate share is approximately $ 33.3 million) for a warehouse facility in Itasca, Illinois; we own a 90 % controlling interest in this investment, which we consolidate; and
Read in the 10-Q
Show the other 3
• $ 102.4 million for a portfolio of six industrial facilities in Illinois and Wisconsin.
Read in the 10-Q
In October 2026, we sold three properties for gross proceeds totaling $ 7.5 million. One of these properties was classified as held for sale as of September 30, 2026 (Note 4).
Read in the 10-Q
• three net-leased properties classified as held for sale at September 30, 2026 (one of which was sold in October 2026); and
Read in the 10-Q
The 10-Q's risk factors against the 10-K
Item 1A of the 10-Q filed Oct 28, 2026 against Item 1A of the 10-K filed Feb 11, 2026.
A 10-Q repeats only the risks that changed, so a 10-K paragraph that is missing from it is not counted as removed.
Added is a paragraph with nothing like it in the 10-K, Reworded a sentence that is in both with several words changed,
Quiet changes a sentence in both where one to four words changed and one is a hedge or a modal
(cut words struck through, new words highlighted).
Text on the page, not a score; each links to the filing at sec.gov.
This 10-Q has no Item 1A (Risk Factors) text of its own, so there is nothing to compare. Many companies leave it out when their risks have not changed.
Phrases used for the first time
Two-word phrases in Risk Factors of the 10-K filed Feb 11, 2026 that are in none of the 1 earlier 10-Ks stored, back to Feb 12, 2025
Where each one is used
- sustainability disclosure: Our ability to control the management of our net-leased properties is limited, which could impact our ability to make sustainability disclosures.
- insurance coverage: Uninsured losses relating to property or excessively expensive premiums for insurance coverage could adversely affect our cash flows and operating results.
- north american: Although the majority of our tenants are responsible for obtaining insurance on their properties, we maintain insurance coverage on some of our properties with third-party carriers who provide a portion of the coverage of potential losses and we maintain contingency coverage on all of our properties. We also...
- american portfolio: Although the majority of our tenants are responsible for obtaining insurance on their properties, we maintain insurance coverage on some of our properties with third-party carriers who provide a portion of the coverage of potential losses and we maintain contingency coverage on all of our properties. We also...
- captive insurance: Although the majority of our tenants are responsible for obtaining insurance on their properties, we maintain insurance coverage on some of our properties with third-party carriers who provide a portion of the coverage of potential losses and we maintain contingency coverage on all of our properties. We also...
Used at least twice, small words left out. Counted, not picked: a phrase can be new because the company renamed something.
What was taken out
4 paragraphs of last year's Risk Factors with nothing like them now. The longest are quoted.
Sources
Item 1A of each 10-K and 10-Q on EDGAR, quoted exactly. Each paragraph links to the filing at sec.gov.
Also
10-K change: what was reworded or cut, section by section.
Work with it
Excel workbook · CSV. Google Sheet that stays up to date: paste =IMPORTDATA("https://tickdelta.com/company/WPC/export.csv") into a cell.