START and and and and and and and and and and and and and and and and and and the world of the first I p I can't help but respect W. P. Carey's (NYSE:WPC) strong business metrics (high occupancy rate, solid WALT, reasonable tenant diversification) and the quality of its portfolio leaning towards industrial properties. These factors made me invest in the business in the first place. Nevertheless, there are some factors that cannot go unnoticed that made me stop adding since the announcement of the office pro ...

There's no question that Agree has rewarded investors well over the past decade or so. The net lease real estate investment trust (REIT) has increased its portfolio from 130 properties at the end of 2013 to over 2,100 at the end of the first quarter of 2024. Gearing up for growth at W.P. Carey That said, the portfolio overhaul (including some other asset sales) will leave W.P. Carey with around $2.8 billion worth of investment capacity. That will allow the REIT to start growing again. That external growth w ...

Mr. Fox said, "John has been an integral member of the W. P. Carey team for nearly 37 years. His contributions to our success have been numerous and I have personally valued his insights, creativity, and importantly, his friendship over the years. On behalf of the entire company, I want to thank John for the critical role he played in shaping W. P. Carey." www.wpcarey.com NEW YORK, July 10, 2024 /PRNewswire/ -- W. P. Carey Inc. (NYSE: WPC), a leading net lease REIT, today announced that John Park will step ...

Sarah Lewis-Kulin, Vice President of Global Recognition at Great Place to Work, said: "Great Place to Work Certification is a highly coveted achievement that requires consistent and intentional dedication to the overall employee experience. By successfully earning this recognition, it is evident that W. P. Carey stands out as one of the top companies to work for, providing a great workplace environment for its employees." In addition, W. P. Carey was selected as one of this year's Best Small and Medium Work ...

W. P. Carey Inc. (NYSE:WPC) Nareit REIT Week: 2024 Investor Conference June 5, 2024 2:45 PM ET Company Participants Jason Fox - Chief Executive Officer Jeremiah Gregory - Managing Director and Head of Capital Markets Conference Call Participants Brad Heffern - RBC Capital Markets Brad Heffern Everybody. Thanks for joining this session. I'm Brad Heffern, I'm the net lease analyst for RBC Capital Markets, and I'm pleased to be here with W. P. Carey today. We have to my left, Jason Fox, CEO; and Jeremiah Grego ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from__________ to __________ Commission File Number: 001-13779 W. P. Carey Inc. (Exact name of registrant as specified in its charter) Maryland 45-4549771 (State of incorpora ...

W. P. C A R E Y W. P. Carey Inc. Investor Presentation 1Q24 50+ Years of Investing for the Long Run® | --- | --- | --- | --- | --- | |-----------------------|-------|-------|-------|-------| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Table of Contents | | | | | | Overview | 3 | | | | | Real Estate Portfolio | 7 | | | | | Balance Sheet | 19 | | | | | ESG | 23 | | | | Unless otherwise noted, all data in this presentation is as of March 31, 2024. Amounts may not sum t ...

Financial Data and Key Metrics Changes - AFFO for Q1 2024 totaled $1.14 per share, reflecting a decline from prior periods primarily due to the office exit strategy and a 3-month rent abatement under the Hellweg lease restructuring, impacting AFFO by about $0.03 per share [24][25] - The company ended Q1 with liquidity totaling approximately $2.8 billion, including $1.7 billion of availability under the revolver and close to $800 million in cash [32][34] - The weighted average interest rate remained at 3.2% for Q1 and is expected to average in the low to mid-3% range for the rest of 2024 [33] Business Line Data and Key Metrics Changes - Year-to-date investments totaled $375 million, with $280 million closed in Q1 and a $94 million acquisition completed in early April [5][10] - Sale leasebacks comprised the largest portion of investments year-to-date, with 99.6% of ABR generated by leases with built-in rent growth, currently just over 3% on a contractual same-store basis [7][8] - The company completed 72 property dispositions under the Office Sale Program for gross proceeds totaling $411 million, leaving just 7 office assets remaining [25][26] Market Data and Key Metrics Changes - Approximately 70% of the investment volume year-to-date has been in Europe, where bid-ask spreads have narrowed significantly, creating more opportunities compared to the previous year [6][10] - The company expects to target initial cap rates averaging in the mid-7s and average yields over the life of the leases in the 9s for the full year [10][61] Company Strategy and Development Direction - The company is nearing the completion of its strategy to exit office assets, which is expected to set a new baseline AFFO for future growth without the headwinds from deteriorating office fundamentals [15][22] - The company aims to generate full-year AFFO in line with the midpoint of its guidance range, with a robust pipeline of over $500 million in investments [10][25] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the strength of the rent growth built into the portfolio, positioning the company for long-term growth [22][38] - The company anticipates a significant uptick in year-over-year growth in 2025, driven by the deployment of capital and the strength of rent escalations [23][37] Other Important Information - The company has enrolled more than half of its portfolio in an electricity usage reporting program as part of its sustainability efforts [35][36] - The company continues to monitor its top tenants closely, with 85% of ABR coming from tenants generating over $500 million in annual revenue or government entities [18][19] Q&A Session All Questions and Answers Question: Capital market strategy and refinancing plans - Management indicated that they are considering refinancing upcoming maturities and have seen positive movement in rates in Europe, which presents interesting opportunities [39] Question: Competitive landscape for capital in deals - Management noted that the private bid remains thinned out, with cash buyers being valued more highly, giving the company a competitive advantage [40][41] Question: Clarification on Hearthside's status - Hearthside is on the watch list due to potential restructuring, but management expects no disruption in rents as they are current on payments [43][44] Question: Comprehensive revenue growth expectations - Management expects comprehensive same-store growth to be relatively flat for the year, with no major credit disruptions anticipated beyond 2024 [49][50] Question: Insights on tenant financials and credit quality - Management confirmed that overall credit quality remains consistent, with about 5% of ABR on the watch list, primarily due to the addition of Hearthside [72][73] Question: Lease renewal process and timing - The company takes a proactive approach to lease renewals, typically starting discussions around three years in advance of lease expiration [66][67]

Exhibit 99.2 W. P. Carey Inc. Supplemental Information First Quarter 2024 | O | v | e | rv | i | e | w | S | u | m | m | a | r | y | M | e | t | ric | s | 1 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- ...

W. P. Carey Inc. (NYSE:WPC) Citi 2024 Global Property CEO Conference March 5, 2024 11:00 AM ET Company Participants Jason Fox - CEO Brooks Gordon - Head of Asset Management Conference Call Participants Smedes Rose - Citi Smedes Rose All right. Welcome to Citi's 2024 Global Property CEO Conference. I'm Smedes Rose of Citi Research. We're pleased to have with us W. P. Carey and Jason Fox, CEO. This session is for Citi clients only, if media or other individuals are on the line, please disconnect now. Disclosu ...