NEW YORK , June 16, 2022 /PRNewswire/ -- W. P. Carey Inc. (W. P. Carey, NYSE: WPC) reported today that its Board of Directors increased its quarterly cash dividend to $1.059 per share, equivalent to an annualized dividend rate of $4.24 per share. The dividend is payable on July 15, 2022 to stockholders of record as of June 30, 2022 .

W. P. Carey Inc. ranks among the largest net lease REITs with an enterprise value of approximately $22 billion and a diversified portfolio of operationally critical commercial real estate that includes 1,336 net lease properties covering approximately 157 million square feet as of March 31, 2022 . For nearly five decades, the company has invested in high-quality single-tenant industrial, warehouse, office, retail and self-storage properties subject to long-term net leases with built-in rent escalators. Its portfolio is located primarily in the U.S. and Northern and Western Europe and is well-diversified by tenant, property type, geographic location and tenant industry.  www.wpcarey.com

Institutional Investors: Peter Sands 1 (212) 492-1110 institutionalir@wpcarey.com

Individual Investors: W. P. Carey Inc. 1 (212) 492-8920 ir@wpcarey.com

Press Contact: Anna McGrath 1 (212) 492-1166  amcgrath@wpcarey.com

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SOURCE W. P. Carey Inc.

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