Celebrating 45 years of Investing for the Long Run®, W. P. Carey (NYSE:WPC) is one of today's largest diversified net lease REITs with a history of delivering steady income and growth to investors. Our portfolio of high-quality, operationally-critical commercial real estate is leased on a long-term basis to creditworthy tenants primarily in the U.S. and Northern and Western Europe. Our expertise in credit underwriting, ability to structure and close complex transactions and proactive approach to asset management distinguish us from other net lease investors. We have a successful track record of investing and operating through multiple economic cycles, and we continue to grow and improve the quality of our diversified portfolio, guided by our core principles established by our founder Wm. Polk Carey in 1973: Investing for the Long Run and Doing Good While Doing Well®.
W. P. Carey has an enterprise value of over $17 billion, pro forma for the merger with CPA®:17 as of September 30, 2018.
What first began as an innovative investment firm in 1973 has evolved into one of today’s largest diversified net lease REITs. Today—45 years later—we reflect proudly on our history and achievements as we continue to fulfill the objectives of our shareholders as well as our employees, the companies in which we invest and the communities in which we operate.
Our employees shape our company, propel our success and connect us with our communities. Their hard work, integrity and talent form the foundation that has enabled us to create long-term value through our investments and philanthropy for 45 years.
“One of the things that excites me most about being CEO is the opportunity to work with our talented and dedicated employees. Like Bill Carey, I believe that in order to build a successful business, you have to build a successful team first. By investing in our employees and creating a positive work environment, we invest in our future and build on our long-term success.”Jason E. Fox Chief Executive Officer View our Leadership Team
Since our founding in 1973, we have followed two core principles: Investing for the Long Run and Doing Good While Doing Well. Our founder Wm. Polk Carey believed—as we do today—that our business by its very nature promotes prosperity, and that our responsibility did not end there. He understood that good corporate citizenship was fundamental to good business and to creating long-term value for our investors.
We employ these principles across our operations as part of our environmental, social and governance (ESG) program.