W. P. Carey Inc.

W. P. Carey Inc. is an internally-managed diversified real estate investment trust (REIT) that owns commercial real estate, net-leased to companies primarily in the United States and Europe on a long-term basis. The majority of its revenues come from lease revenue from its real estate portfolio, which mainly consists of single-tenant industrial, warehouse, and retail facilities essential to its tenants' operations. The portfolio includes 1,682 properties, net-leased to 371 tenants across 25 countries. As of December 31, 2025, approximately 61% of its contractual minimum annualized base rent (ABR) came from properties in the United States, and approximately 33% from properties in Europe. On the same date, the portfolio also contained 16 operating properties, including 11 self-storage properties, four hotels, and one student housing property. During the year ended December 31, 2025, the company sold 63 self-storage operating properties. In September 2023, W. P. Carey announced a plan to exit its office assets by spinning off 59 office properties into Net Lease Office Properties (NLOP), a separate publicly-traded REIT, and completing an asset sale program for retained office properties in 2024. The Spin-Off was completed on November 1, 2023. W. P. Carey externally manages NLOP through advisory agreements. Founded in 1973, W. P. Carey became publicly traded on the NYSE in 1998 and reorganized as a REIT in 2012. Its common stock is listed under "WPC." The company is headquartered in New York, with additional offices in Dallas, London, and Amsterdam.