W. P. Carey Releases 2024 Corporate Responsibility Report

Rhea-AI Summary

W. P. Carey (NYSE: WPC), a leading net lease REIT, has released its 2024 Corporate Responsibility Report highlighting significant ESG achievements. The company increased its solar portfolio to 30 megawatts through CareySolar®, expanded green lease provisions to over 30% of leases, and achieved over 60% tenant enrollment in electricity usage reporting. Notable accomplishments include completing their first carbon-neutral construction project, establishing initial emissions reduction targets, and maintaining a top governance rating. The company manages 1,614 net lease properties spanning 177 million square feet and 78 self-storage facilities, focusing on industrial, warehouse, and retail properties in the U.S. and Northern and Western Europe.

Positive

• Increased solar portfolio capacity to 30 megawatts through CareySolar® initiative
• Expanded green lease provisions to over 30% of total leases
• Achieved 60% tenant enrollment in electricity usage data reporting
• Completed first carbon-neutral construction project
• Maintained top '1' Governance QualityScore Rating from ISS
• Certified as Great Place to Work® in both U.S. and Netherlands

Negative

• None.

NEW YORK, June 17, 2025 /PRNewswire/ -- W. P. Carey (W. P. Carey, NYSE: WPC), a leading net lease REIT specializing in corporate sale-leasebacks, build-to-suits and the acquisition of single-tenant net lease properties, today announced the release of its 2024 Corporate Responsibility Report. Prepared in reference to disclosure standards established by the Task Force on Climate-related Financial Disclosures (TCFD) and Global Reporting Initiative (GRI), the report summarizes W. P. Carey's progress and achievements across corporate responsibility initiatives, focused on the company's environmental, social and governance objectives. It can be viewed and downloaded from W. P. Carey's website at www.wpcarey.com/corporate-responsibility.

Notable highlights and recognitions:

• Pursued solar opportunities via CareySolar^®, increasing total solar in the portfolio to approximately 30 megawatts (MW).
• Completed inaugural double materiality assessment.
• Continued to prioritize green leasing, increasing the percentage of leases with green lease provisions to more than 30% as of year-end 2024.
• Established first emissions reduction target, for Scope 1 and 2 greenhouse gas emissions.
• Increased tenant enrollment in electricity usage data reporting to more than 60% as a percentage of portfolio square footage.
• Completed first carbon-neutral construction project.
• Certified as a Great Place to Work^® in the U.S. for the third consecutive year and in the Netherlands for the first time.
• Maintained a "1" Governance QualityScore Rating from Institutional Shareholder Services. 

Jason Fox, Chief Executive Officer and President, W. P. Carey said: "Guided by our commitments to Investing for the Long Run and Doing Good While Doing Well, we've made significant strides in advancing our corporate responsibility goals—efforts that support our core business objectives and future growth. By keeping sustainability, social impact and strong governance at the forefront of our business, we're able to align our actions with our values while continuing to focus on delivering long-term value for our stakeholders."

W. P. Carey Inc.

W. P. Carey ranks among the largest net lease REITs with a diversified portfolio of high-quality, operationally critical commercial real estate, which includes 1,614 net lease properties covering approximately 177 million square feet and a portfolio of 78 self-storage operating properties as of March 31, 2025. With offices in New York, London, Amsterdam and Dallas, the company remains focused on investing primarily in single-tenant, industrial, warehouse and retail properties located in the U.S. and Northern and Western Europe, under long-term net leases with built-in rent escalations.

www.wpcarey.com 

This press release may contain forward-looking statements within the meaning of U.S. Federal securities laws. The comments of Mr. Fox are examples of forward-looking statements. A number of factors could cause W. P. Carey's actual results, performance or achievement to differ materially from those anticipated. Other unknown or unpredictable risks or uncertainties, like the risks related to fluctuating interest rates, the impact of inflation on our tenants and us, the effects of pandemics and global outbreaks of contagious diseases, and domestic or geopolitical crises, such as terrorism, military conflict, war or the perception that hostilities may be imminent, political instability or civil unrest, or other conflict, and those additional risk factors discussed in reports that we have filed with the Securities and Exchange Commission (SEC), could also have material adverse effects on our future results, performance or achievements. Discussions of some of these other important factors and assumptions are contained in W. P. Carey's filings with the SEC and are available at the SEC's website at http://www.sec.gov, including Part I, Item 1A. Risk Factors in W. P. Carey's Annual Report on Form 10-K for the fiscal year ended December 31, 2024. 

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.

FAQ

What are the key highlights of W. P. Carey's 2024 Corporate Responsibility Report?

Key highlights include increasing solar portfolio to 30 MW, expanding green lease provisions to over 30%, achieving 60% tenant enrollment in electricity usage reporting, completing first carbon-neutral construction project, and maintaining a top governance rating.

How many properties does W. P. Carey (WPC) manage in 2025?

W. P. Carey manages 1,614 net lease properties covering approximately 177 million square feet and 78 self-storage operating properties as of March 31, 2025.

What is W. P. Carey's (WPC) approach to sustainability in 2024?

W. P. Carey focuses on solar energy expansion through CareySolar®, green leasing initiatives, emissions reduction targets for Scope 1 and 2, and increased tenant participation in electricity usage reporting.

Where are W. P. Carey's (WPC) real estate investments primarily located?

W. P. Carey primarily invests in single-tenant, industrial, warehouse and retail properties located in the U.S. and Northern and Western Europe.

What type of properties does W. P. Carey (WPC) focus on?

W. P. Carey specializes in corporate sale-leasebacks, build-to-suits, and single-tenant net lease properties, primarily in industrial, warehouse, and retail sectors.