WPC

W. P. Carey Inc.

A real estate investment trust that owns and rents out long-term net-leased industrial, warehouse, and retail properties across the U.S. and Europe, through sale-leaseback deals where a company sells a building and leases it back. It was founded in 1973 by William Polk Carey, who pioneered the pooled net-lease model. As a Princeton student he bought refrigerators and leased them to dorm-mates for a fee—an early taste of the leasing business he'd build his career on.

Common Stock