Quarterlytics / Real Estate / REIT - Diversified / W. P. Carey

W. P. Carey

WPC · NYSE Real Estate
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Ticker WPC
Exchange NYSE
Sector Real Estate
Industry REIT - Diversified
Employees 51-200

Business description

W. P. Carey Hits 50-Year Mark with $24 Billion Enterprise Value and Diverse Commercial Real Estate Portfolio W. P. Carey, a prominent net lease real estate investment trust, is marking its 50th anniversary with a robust enterprise value of approximately $24 billion and an impressive portfolio of operationally critical commercial real estate. The portfolio comprises of 1,449 net lease properties spanning across 176 million square feet, as well as 84 self-storage operating properties, as of the end of 2022. Headquartered in New York, with additional offices in London, Amsterdam, and Dallas, W. P. Carey's diverse portfolio is primarily invested in single-tenant, industrial, warehouse, and retail properties. These properties are strategically located in the United States, along with Northern and Western Europe, and boast long-term net leases with built-in rent escalations. As W. P. Carey celebrates a half-century in the industry, the REIT's monumental growth and strategic focus are indicative of its continued success.

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Company facts
TickerWPC
ExchangeNYSE
Sector Real Estate
Industry REIT - Diversified
Employees51-200