---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-108259"
form_type: "8-K"
ticker: "WPC"
cik: "0001025378"
company_name: "W. P. Carey Inc."
filed_at: "2024-10-15T23:59:59+00:00"
generated_at: "2026-05-30T14:18:47.118631+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# W. P. Carey tenant True Value files Chapter 11; $18.7M ABR at risk

## Summary
- True Value initiated voluntary Chapter 11 proceedings on Oct 14, 2024, and agreed to sell business to Do it Best Corp.
- W. P. Carey net leases nine properties to True Value generating $18.7M annualized base rent (1.4% of total ABR).
- True Value was W. P. Carey's 15th largest tenant; weighted-average lease term is 14.1 years.
- Rent is current through October 2024; properties span six states as distribution warehouses and one manufacturing site.

## SEC filing metadata
- accession: 0001104659-24-108259
- form_type: 8-K
- ticker: WPC
- cik: 0001025378
- company_name: W. P. Carey Inc.
- filed_at: 2024-10-15T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1025378/000110465924108259/0001104659-24-108259-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1025378/000110465924108259/tm2426172d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-108259
- JSON: https://secwatch.observer/filing/0001104659-24-108259.json
- Plain text: https://secwatch.observer/filing/0001104659-24-108259.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.