W. P. Carey to Be Added to MSCI US REIT and MSCI Mid Cap 450 Indices
Oct 3, 2012
NEW YORK, NY -- (Marketwire) -- 10/03/12 -- W. P. Carey Inc. (NYSE: WPC), a real estate investment trust ("REIT"), announced today that effective October 15, 2012, it will be added to the MSCI US REIT Index and the MSCI US Mid Cap 450 Index.
The Company previously reported that it converted to a REIT on September 28, 2012 and that it commenced trading as a REIT effective October 1, 2012.
Trevor P. Bond, President and CEO of W. P. Carey, commented, "Our fast track inclusion in the MSCI US REIT Index and the MSCI US Mid Cap 450 Index is a further indication of the advantages gained by our conversion to REIT status and our significant increase in real estate under ownership as a result of the merger with CPA®:15. We are pleased to be included in these highly recognized indices as we continue forward with the patient long term investment approach that has enabled us to deliver superior risk adjusted returns to investors for many years."
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 $12.7 billion. W. P. Carey Inc. is the successor to W. P. Carey & Co. LLC, which had its origins in 1973. 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.
W. P. Carey Inc.
Ross & Lawrence
Source: W. P. Carey & Co. LLC