W. P. Carey
 | |
| Type | Public company |
|---|---|
| Industry | Real estate investment trust |
| Founded | 1973 |
| Founder | William P. Carey |
| Headquarters | |
| Key people | Christopher J. Niehaus (Chairman) Jason E. Fox (CEO) ToniAnn Sanzone (CFO) |
| Revenue |  US$1.72 billion (2025)[1] |
| US$466 million (2025)[1] | |
| Total assets | US$18.0 billion (2025)[1] |
| Total equity |  US$8.12 billion (2025)[1] |
Number of employees | 203 (2024) |
| Website | wpcarey |
| Footnotes [2] |
W. P. Carey is a real estate investment trust that invests in properties leased to single tenants via NNN leases.[2] The company is organized in Maryland, with its primary office in New York City.[2]
As of December 31, 2024, the company owned 1,555 properties in 26 countries leased to 355 tenants. Approximately 61% of the company's revenue is derived in United States and 33% in Europe.[2]
History
[edit]The company was founded in 1973 by William P. Carey.[3][4]
In the early 1980s, the company was innovative in the use of leaseback transactions to acquire properties.[3]
In 2012, company founder William P. Carey died.[3] The company also merged with its non-traded real estate investment trust affiliate, Corporate Property Associates 15, and reorganized into a real estate investment trust.[5][6]
In October 2018, the company merged with CPA:17 - Global.[7][8]
In November 2023, the company completed the corporate spin-off of its office properties.[9][10]
References
[edit]- 1 2 3 4 "W. P. Carey Inc. Form 10-K for the fiscal year ended December 31, 2025". U.S. Securities and Exchange Commission. 2026-02-11. Retrieved 2026-08-31.
- 1 2 3 4 "W. P. Carey Inc. 2024 Form 10-K Annual Report". U.S. Securities and Exchange Commission. February 12, 2025.
- 1 2 3 HEVESI, DENNIS (January 8, 2012). "William P. Carey, Leader in Commercial Real Estate, Dies at 81". The New York Times.
- ↑ "ASU's W.P. Carey School namesake dead at 81". American City Business Journals. January 3, 2012.
- ↑ Fung, Amanda (September 14, 2012). "W.P. Carey will be reborn as a REIT". Crain Communications.
- ↑ Slatin, Peter (February 21, 2012). "Carey Goes REIT". Forbes.
- ↑ Linnane, Ciara (June 18, 2018). "W.P. Carey and Corporate Property Associates to merge in deal valued at about $6 billion". MarketWatch.
- ↑ "W. P. Carey Completes $5.9 Billion Merger with CPA®:17" (Press release). PR Newswire. October 31, 2018.
- ↑ "W. P. Carey Announces Completion of Spin-Off of Net Lease Office Properties" (Press release). PR Newswire. November 1, 2023.
- ↑ Linnane, Ciara (September 21, 2023). "W.P. Carey to spin off 59 office properties into new publicly traded REIT". MarketWatch.
External links
[edit]- Official website
- Business data for W. P. Carey Inc.:
| International | |
|---|---|
| National |
