W. P. Carey
Real estate investment trust
From Wikipedia, the free encyclopedia
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]
 | |
| 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] | |
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
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]