Headquarters: New York, NY, United States
CEO: Mr. Jason E. Fox
USD as of April 1, 2022
W.P. Carey Inc. is a real estate investment trust specialized in net lease industrial, warehouse, office, and retail properties. It acquires and manages properties to lease them to a wide range of companies across multiple industries, primarily located in the United States, Europe, Canada, Mexico, and Japan.
W. P. Carey ranks among the largest net lease REITs with an enterprise value of approximately $18 billion and a diversified portfolio of operationally-critical commercial real estate that includes 1,215 net lease properties covering approximately 142 million square feet as of September 30, 2020. For nearly five decades, the company has invested in high-quality single-tenant industrial, warehouse, office, retail and self-storage properties subject to long-term net leases with built-in rent escalators. Its portfolio is located primarily in the U.S. and Northern and Western Europe and is well-diversified by tenant, property type, geographic location and tenant industry.
W. P. Carey Inc. is a real estate investment trust that invests in properties leased to single tenants via NNN leases. The company is organized in Maryland, with its primary office in New York City. As of December 31, 2019, the company owned 1,214 properties in 25 countries leased to 345 tenants. Approximately 64% of the company's revenue is derived in United States and 36% in Europe.
Source: Wikipedia, retrieved on March 31, 2022, 9:07 p.m.
Founder(s): William P. Carey
Christopher J. Niehaus, Chairman Jason E. Fox, CEO Toni Ann Sanzone, CFO
Revenue: $1.232 billion (2019)
Net income: $0.305 billion (2019)
Total assets: $14.060 billion (2019)
Total equity: $6.948 billion (2019)