Headquarters: New York, NY, United States
CEO: Mr. Jason E. Fox
USD as of July 1, 2023
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.
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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.
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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)