About W.P. Carey
W.P. Carey is a diversified real estate investment trust (REIT) that owns primarily net-leased commercial real estate (net leased means the tenant, not the owner, pays the property expenses). In addition to its owned properties, WPC also manages a series of non-traded publicly registered investment programs. For perspective, in 2015 WPC’s real estate revenues were $735.4 million and its managed program revenues were $202.9 million. For further perspective, WPC’s owned real estate is well-diversified as shown in the following graphics.
Also worth considering, WPC’s share price has sold off nearly 16% in the last two months as it was caught up in the recent REIT selloff (i.e. until the last two months, REITs in general had been performing exceptionally well driven largely by income investors search for yield).