W. P. Carey Inc. (NYSE: WPC) is a leading, internally-managed net-lease REIT that provides real estate-based financing solutions for companies primarily in the U.S. and Europe.
W. P. Carey has been a leader in the sale-leaseback and net-lease space for more than four decades. In 1998, we became a publicly traded company and in 2012 we became a REIT. Our balanced outlook and steady focus on long-term net leases with built-in rent increases to creditworthy tenants has enabled us to succeed through market cycles, while delivering consistent and rising dividend income to investors.
Our corporate finance-focused credit and real estate underwriting process is a constant that has been successfully leveraged across a wide variety of industries and property types. Our U.S. and European asset management teams continuously evaluate our owned real estate portfolio and individual markets to proactively identify opportunities to enhance the value of our existing properties and improve the overall quality of the portfolio.
At September 30, 2016, W. P. Carey had an enterprise value of approximately $11.0 billion. In addition to its owned portfolio of diversified global real estate, W. P. Carey manages a series of non-traded publicly registered investment programs with assets under management of approximately $12.2 billion.
The History of W. P. Carey