PR Newswire | Dec 9, 2020 04:30PM EST

12/09 15:30 CST

W. P. Carey Inc. Increases Quarterly Dividend to $1.046 per Share NEW YORK, Dec. 9, 2020

NEW YORK, Dec. 9, 2020 /PRNewswire/ -- W. P. Carey Inc. (NYSE: WPC) reported today that its Board of Directors increased its quarterly cash dividend to $1.046 per share, equivalent to an annualized dividend rate of $4.18 per share. The dividend is payable on January 15, 2021 to stockholders of record as of December 31, 2020.

W. P. Carey Inc.

W. P. Carey Inc. ranks among the largest net lease REITs with an enterprise value of approximately $18 billion and a diversified portfolio of operationally-critical commercial real estate that includes 1,215 net lease properties covering approximately 142 million square feet as of September 30, 2020. For nearly five decades, the company has invested in high-quality single-tenant industrial, warehouse, office, retail and self-storage properties subject to long-term net leases with built-in rent escalators. Its portfolio is located primarily in the U.S. and Northern and Western Europe and is well-diversified by tenant, property type, geographic location and tenant industry. www.wpcarey.com

Institutional InvestorsPeter SandsW. P. Carey Inc. 212-492-1110 institutionalir@wpcarey.com

Individual Investors W. P. Carey Inc. 212-492-8920 ir@wpcarey.com

Press ContactGuy LawrenceRoss & Lawrence212-308-3333gblawrence@rosslawpr.com

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SOURCE W. P. Carey Inc.