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Doing Good While Doing Well
 The W. P. Carey Foundation is a private U.S. foundation founded in 1990 by Wm. Polk Carey. The Foundation’s giving philosophy is inspired by the Carey family’s legacy of educational leadership and philanthropy. The W. P. Carey Foundation’s primary mission is to support educational institutions with the larger goal of improving America’s competitiveness in the world.
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Dear
Fellow Investors,
We entered 2019 focused on fortifying the benefits of our recent
merger with CPA:17 — a merger that accelerated our commitment
to simplify the company, raise the quality of our earnings and
strengthen our balance sheet. During the year, aided by the
performance of our equity and our lowest-ever borrowing costs
we made accretive investments at healthy spreads to our cost
of capital, further enhanced the quality of our portfolio and
significantly reduced leverage. Reflecting these achievements,
I’m pleased to say that our Real Estate AFFO increased 8% per
share year-over-year and our shareholders earned a total return
of 29% for the year. continue
reading Shareholder's Letter
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