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W. P. Carey & Co. To Release Fourth Quarter 2003 Financial Results On Thursday, February 26th

Conference Call and Audio Webcast Scheduled For 11:00 AM

January 14, 2004

NEW YORK, NY - January 14, 2004 - Investment firm W. P. Carey & Co. LLC (NYSE: WPC) announced today that it will release its financial results for the fourth quarter 2003 prior to market-open on Thursday, February 26, 2004. The financial results will be released via direct fax, electronic mail, W. P. Carey's corporate website and all major wire services.

Conference call and webcast details:

Date: Thursday, February 26, 2004

Start Time: 11:00 AM (EST) 

Call-in Number: 1-800-915-4836
(International) 973-317-5319

Please call at least 10 minutes prior to call to register.

Replay Number: 1-800-428-6051
(International) 973-709-2089

Access code: 331473

WebcastARCHIVED

Speakers: Chairman Wm. Polk Carey, President Gordon F. DuGan and Chief Financial Officer John J. Park

Format:  Discussion of fourth quarter 2003 financial results followed by Q&A.

Founded in 1973, W. P. Carey & Co. LLC is a leading investment firm that serves as the preeminent provider of sale-leaseback financing to corporations in the United States and Europe and manager of the CPA® series of income-generating REITs. The Company and its affiliates acquire single-tenant corporate and industrial properties and lease them back to the original tenant often under a triple-net lease lasting 15-20 years. By converting an otherwise depreciating asset, companies are able to use the capital they receive from W. P. Carey to pay down debt, fund acquisitions or reinvest in the core competencies of their business. W. P. Carey owns and/or manages more than 600 commercial and industrial properties throughout the United States and Europe representing more than 80 million square feet.

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