Doing Good While Doing Well
Doing Good While Doing Well was one of Bill Carey’s favorite mottos and has been a core principle at W. P. Carey during our now 40-year history. He believed—as we do today—that our business by its very nature promotes prosperity. But he also believed that his responsibility did not end there, and, through the W. P. Carey Foundation, he supported a wide variety of educational institutions with the greater goal of improving America’s competitiveness.
2018 was a year of continuing progress for W. P. Carey, essentially
completing our evolution from our origins as a manager of highquality
net lease real estate funds to a pure-play net lease REIT.
Our evolution began with our REIT conversion in 2012 and has
advanced steadily through the simplification of our business and
the implementation of structural changes that have improved the
quality of our earnings and increased our operational efficiency.
Driving this evolution has been our belief that the path to higher
shareholder value is through higher-quality earnings generated
by a diversified portfolio of net lease assets.
reading Shareholder's Letter