News Column

W. P. Carey Announces Addition to FTSE NAREIT Composite Index and the FTSE NAREIT Real Estate 50 Reserve List

Dec 20 2012 12:00AM

Marketwire

LogoTracker

NEW YORK, NY -- (Marketwire) -- 12/20/12 -- W. P. Carey Inc. (NYSE: WPC), a real estate investment trust, announced today that effective after market close on December 21, 2012 it will be added to the FTSE NAREIT Composite Index and the FTSE NAREIT Real Estate 50 Reserve List.

Trevor P. Bond, President and CEO of W. P. Carey, commented, "Given that the FTSE NAREIT US Real Estate Index Series is used extensively by investors worldwide for investment analysis, performance measurement and asset allocation, our inclusion in the FTSE NAREIT Composite Index and the FTSE NAREIT Real Estate 50 Reserve List represents significant recognition for W. P. Carey."

W. P. Carey Inc.
Founded in 1973, W. P. Carey Inc. is a publicly traded REIT (NYSE: WPC) that provides long-term sale-leaseback and build-to-suit financing for companies worldwide and manages an investment portfolio of approximately $13.7 billion. The largest owner/manager of net lease assets, WPC's corporate finance focused credit and real estate underwriting process is a constant that has been successfully leveraged across a wide variety of industries and property types. Our portfolio of long-term leases with creditworthy tenants has an established history of generating stable cash flows that have enabled the Company to deliver consistent and rising dividend income to investors for nearly four decades. www.wpcarey.com

This press release contains forward-looking statements within the meaning of the Federal securities laws. The forward-looking statements include, among other things, statements regarding the intent, belief or expectations of W. P. Carey Inc. (the "Company") and can be identified by the use of words such as "may," "will," "should," "would," "assume," "outlook," "seek," "plan," "believe," "expect," "anticipate," "intend," "estimate," "forecast," and other comparable terms. These statements are based on the current expectations of the management of the Company. The statements of Mr. Trevor P. Bond are examples of forward-looking statements. A number of factors could cause the Company's actual results, performance or achievement to differ materially from those anticipated. Among those risks, trends and uncertainties are the risks associated with the REIT conversion and the merger; general economic climate; the supply of and demand for office and industrial properties; interest rate levels; the availability of financing; and other risks associated with the acquisition and ownership of properties, including risks that the tenants will not pay rent, or that costs may be greater than anticipated. For further information on factors that could impact the Company, reference is made to the Company's filings with the Securities and Exchange Commission (the "SEC"). Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this communication. Except as required under the federal securities laws and the rules and regulations of the SEC, the Company does not undertake any obligation to release publicly any revisions to the forward-looking statements to reflect events or circumstances after the date of this communication or to reflect the occurrence of unanticipated events.



COMPANY CONTACT:
Cheryl Sanclemente
W. P. Carey Inc.
212-492-8995
Email Contact

PRESS CONTACT:
Guy Lawrence
Ross & Lawrence
212-308-3333
Email Contact





Source: Marketwire


Story Tools






HispanicBusiness.com Facebook Linkedin Twitter RSS Feed Email Alerts & Newsletters