NEW YORK, NY--(Marketwire - Dec 13, 2012) - W. P. Carey Inc. ( NYSE : WPC ) reported today that its Board of Directors had increased its fourth quarter 2012 cash distribution to $0.66 per share, which equates to an annualized rate of $2.64. Payable on January 15, 2013 to shareholders of record as of December 31, 2012, this marks the Company's 47th consecutive dividend increase.
W. P. Carey Inc.
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, our 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 us 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. 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 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.