Exhibit 99.1
FOR IMMEDIATE RELEASE
     
COMPANY CONTACT:
  PRESS CONTACT:
Kristina McMenamin
  Guy Lawrence
W. P. Carey & Co. LLC
  Ross & Lawrence
212-492-8995
  212-308-3333
kmcmenamin@wpcarey.com
  gblawrence@rosslawpr.com
W. P. Carey Announces Fourth Quarter and Year-End 2010 Financial Results
New York, NY — February 24, 2011 — Investment firm W. P. Carey & Co. LLC (NYSE: WPC) today reported financial results for the fourth quarter and year-ended December 31, 2010.
QUARTERLY AND YEAR-END RESULTS
  Funds from operations—as adjusted (AFFO) for the fourth quarter of 2010 was $36.3 million or $0.90 per diluted share, compared to $33.7 million or $0.83 per diluted share for the fourth quarter of 2009. AFFO for the year ended December 31, 2010 was $130.9 million or $3.27 per diluted share, compared to $122.9 million or $3.09 per diluted share for 2009.
  Cash flow from operating activities for the year ended December 31, 2010 was $86.4 million, compared to $74.5 million for 2009, while adjusted cash flow from operating activities was $88.6 million for 2010, compared to $93.9 million for 2009.
  Total revenues net of reimbursed expenses for the fourth quarter of 2010 were $68.3 million, compared to $48.5 million for the fourth quarter of 2009. Total revenues net of reimbursed expenses for the year ended December 31, 2010 were $213.9 million, compared to $184.8 million in 2009. Reimbursed expenses are excluded from total revenues because they have no impact on net income.
  Net Income for the fourth quarter of 2010 was $19.8 million, compared to $23 million for the same period in 2009. For the year ended December 31, 2010, net income was $74 million, compared to $69 million for 2009. Results from operations in our investment management segment were significantly higher in 2010, primarily due to a higher volume of investments structured on behalf of the CPA® REITs and lower impairment charges recognized by the CPA® REITs.
  For the year ended December 31, 2010, we received approximately $16.6 million in cash distributions from our equity ownership in the CPA® REITs.
  Further information concerning AFFO and adjusted cash flow from operating activities—non-GAAP supplemental performance metrics—is presented in the accompanying tables and related notes.
INVESTMENT ACTIVITY
  Investment volume for the year ended December 31, 2010 on behalf of the CPA® REITs and for our own portfolio totaled approximately $1.1 billion, or double last year’s volume of approximately $548 million. International investments comprised 43% of total investments during 2010, compared to 36% in 2009, and we expect that international transactions will continue to form a significant portion of the investments we structure.
  We closed approximately $593 million in investments on behalf of the CPA® REITs in the fourth quarter of 2010. These investments involved forty-seven facilities containing approximately five million square feet in the U.S., Canada, Croatia, China and Spain.

 

 


The following information was filed by W. P. Carey Inc. (WPC) on Thursday, February 24, 2011 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

View differences made from one year to another to evaluate W. P. Carey Inc.'s financial trajectory

Compare SEC Filings Year-over-Year (YoY) and Quarter-over-Quarter (QoQ)
Sample 10-K Year-over-Year (YoY) Comparison

Compare this 10-K Annual Report to its predecessor by reading our highlights to see what text and tables were  removed  ,   added    and   changed   by W. P. Carey Inc..

Continue

Never Miss A New SEC Filing Again


Real-Time SEC Filing Notifications
Screenshot taken from Gmail for a new 10-K Annual Report
Last10K.com Member Feature

Receive an e-mail as soon as a company files an Annual Report, Quarterly Report or has new 8-K corporate news.

Continue

We Highlighted This SEC Filing For You


SEC Filing Sentiment Analysis - Bullish, Bearish, Neutral
Screenshot taken from Wynn's 2018 10-K Annual Report
Last10K.com Member Feature

Read positive and negative remarks made by management in their entirety without having to find them in a 10-K/Q.

Continue

Widen Your SEC Filing Reading Experience


Increased Reading Area for SEC Filings
Screenshot taken from Adobe Inc.'s 10-Q Quarterly Report
Last10K.com Member Feature

Remove data columns and navigations in order to see much more filing content and tables in one view

Continue

Uncover Actionable Information Inside SEC Filings


SEC Filing Disclosures
Screenshot taken from Lumber Liquidators 10-K Annual Report
Last10K.com Member Feature

Read both hidden opportunities and early signs of potential problems without having to find them in a 10-K/Q

Continue

Adobe PDF, Microsoft Word and Excel Downloads


Download Annual and Quarterly Reports as PDF, Word and Excel Documents
Screenshots of actual 10-K and 10-Q SEC Filings in PDF, Word and Excel formats
Last10K.com Member Feature

Export Annual and Quarterly Reports to Adobe PDF, Microsoft Word and Excel for offline viewing, annotations and analysis

Continue

FREE Financial Statements


Download Annual and Quarterly Reports as PDF, Word and Excel Documents
Screenshot of actual balance sheet from company 10-K Annual Report
Last10K.com Member Feature

Get one-click access to balance sheets, income, operations and cash flow statements without having to find them in Annual and Quarterly Reports

Continue for FREE

Intrinsic Value Calculator


Intrinsic Value Calculator
Screenshot of intrinsic value for AT&T (2019)
Last10K.com Member Feature

Our Intrinsic Value calculator estimates what an entire company is worth using up to 10 years of financial ratios to determine if a stock is overvalued or not

Continue

Financial Stability Report


Financial Stability Report
Screenshot of financial stability report for Coco-Cola (2019)
Last10K.com Member Feature

Our Financial Stability reports uses up to 10 years of financial ratios to determine the health of a company's EPS, Dividends, Book Value, Return on Equity, Current Ratio and Debt-to-Equity

Continue

Get a Better Picture of a Company's Performance


Financial Ratios
Available Financial Ratios
Last10K.com Member Feature

See how over 70 Growth, Profitability and Financial Ratios perform over 10 Years

Continue

Log in with your credentials

or    

Forgot your details?

Create Account