W. P. Carey Reports Record Investment Volume Of $1.73 Bln In 2021 - Quick Facts

(RTTNews) - Net lease real estate investment trust W.P. Carey Inc. (WPC) announced Monday record investment volume for the 2021 full year of $1.73 billion, including investments totaling approximately $530 million completed during the fourth quarter.

From a geographical perspective, approximately 60% of its 2021 investment volume was in the U.S. and 40% was in Europe.

The company noted that investments completed in 2021 also continued to support internally-driven growth, with all leases providing either fixed rent escalations (averaging 2.3%) or rent increases tied to inflation, and enhanced portfolio quality, with a weighted-average lease term of approximately 20 years.