Overview
Description
W. P. Carey Inc. is a real estate investment trust (REIT) specializing in the ownership and management of a diverse portfolio of commercial properties. Established in 1973, the company's core purpose is to generate stable and recurring rental income by leasing properties to a wide variety of tenants under long-term, triple-net lease agreements. This lease structure ensures that tenants are responsible for expenses such as maintenance, insurance, and taxes, thereby minimizing operational costs for W. P. Carey.
W. P. Carey's portfolio spans multiple sectors, including industrial, office, retail, and warehouse spaces. This diversification reduces reliance on any single industry, enhancing the resiliency and stability of its income streams. Moreover, the company has a substantial presence both in the United States and Europe, which allows it to capture growth opportunities and mitigate regional risks.
In the financial market, W. P. Carey holds a significant role by offering investors access to the income-producing asset class of real estate through publicly traded shares. It serves as a notable example of how REITs can provide consistent income through strategic property management and investment.
About
CEO
Mr. Jason E Fox
Employees
203
Address
One Manhattan West
395 9th Avenue, 58th Floor
New York, 10001, NY
United States
395 9th Avenue, 58th Floor
New York, 10001, NY
United States
Phone
(212) 492-1100
Website
Instrument type
Common stock
Sector
Real Estate
Industry
REIT - Diversified
Country
Mexico
MIC code
XMEX