W. P. CAREY INC.

Company Overview

December 31, 2012

Key Company Contacts		Executive Offices
Trevor P. Bond	President, Chief Executive Officer and Director	50 Rockefeller Plaza
Mark J. DeCesaris	Chief Financial Officer	New York, NY 10020
Thomas E. Zacharias	Managing Director, Chief Operating Officer	Tel: 1-800-WPCAREY or (212) 492-1100
Catherine D. Rice	Managing Director	Fax: (212) 492-8922
Susan C. Hyde	Managing Director, Director of Investor Relations	Web Site Address: www.wpcarey.com
Kristin A. Brown	Vice President, Investor Relations

Banks
Bank of America, N.A.	Administrative and Documentation Agent
The Bank of New York Mellon	Syndication Agent
JPMorgan Chase Bank, N.A.	Syndication Agent
PNC Bank, N.A.	Syndication Agent

Stock Data (NYSE: WPC)	Fourth Quarter 2012		Third Quarter 2012		Second Quarter 2012		First Quarter 2012		Fourth Quarter 2011
High Price	$	54.70	$	53.85	$	48.39	$	49.70	$	44.71
Low Price	45.94		43.25		39.66		41.28		34.50
Closing Price	52.15		49.00		46.03		46.52		40.94

Distributions declared per share - annualized	$	2.64	$	2.60	$	2.27	$	2.26	$	2.25

Distribution yield (annualized distribution / closing stock price)	5.06%		5.31%		4.93%		4.86%		5.50%

Shares outstanding at quarter end	68,901,933		68,566,888		40,358,186		40,312,460		39,729,018

Market value of outstanding shares at quarter end (in thousands)	$	3,593,236	$	3,359,778	$	1,857,687	$	1,875,336	$	1,626,506

W. P. Carey Inc. 12/31/2012 Supplemental 8-K — 1

W. P. CAREY INC.

Financial and Operational Statistics (Unaudited)

As of and for the Year Ended December 31, 2012

Market Capitalization	WPC
Shares Outstanding	68,901,933
Stock Price at end of Period	$	52.15
Market Capitalization (Equity Capitalization) ($’000)	$	3,593,236
Total Capitalization ($’000) (a)	$	5,561,633
Enterprise Value ($’000) (b)	$	5,437,729
High Stock Close Price	$	54.70
Low Stock Close Price	$	41.65

Financial Ratios
Debt to Total Capitalization	35.4%
Net Debt to Total Capitalization (c)	33.2%
Net Debt to Enterprise Value (c)	33.9%
Pro Rata Adjusted EBITDA ($’000) (d)	$	274,749
Net Debt to Pro Rata Adjusted EBITDA (c)	6.71
Total Debt to Gross Assets (e)	44.6%
Unsecured Debt to Gross Assets	5.7%
Interest Coverage (f)	5.38
Adjusted G&A/W. P. Carey Group Revenues (g)	6.8%
Dividend (h)	$	2.64
Dividend Payout (i)	70.2%
Weighted-Average Cost of Total Debt	4.8%

Property Information	CPA®:16 - Global	CPA®:17 - Global	WPC
Number of Properties (j)	500	394	423
Number of Tenants	146	81	124
Total Square Feet (millions)	47.3	36.0	38.5
Occupancy	96.9%	100.0%	98.7%
Weighted-Average Lease Term (years)	10.3	15.8	8.9
Percent of Investment Grade Tenants (k)	15.6%	22.7%	33.8%

(a)	Represents market capitalization plus total debt.
(b)	Represents total capitalization less cash.
(c)	Net debt represents total debt less cash.
(d)	Pro Rata Adjusted EBITDA includes nine months of pre-Merger results for WPC only and three months of post-Merger results.
(e)	Gross assets represent total assets, excluding goodwill, before accumulated depreciation.
(f)	Computed by dividing Pro Rata Adjusted EBITDA by pro rata interest expense.
(g)	Adjusted G&A represents general and administrative expenses excluding Merger-related costs, wholesaling related expenses and stock-based compensation expense. It includes nine months of the pre-Merger G&A and three months of the post-Merger G&A. W. P. Carey Group Revenues represents total pro rata real estate revenues for WPC and the Managed REITs, including CWI, as presented on page 16.
(h)	Represents the annualized dividend per share based on the declared fourth quarter distribution.
(i)	Computed by dividing annualized dividend per share by full year AFFO per share.
(j)	Property count for WPC excludes all operating properties.
(k)	Investment grade tenants are defined as having a BBB- rating or above. Percentage of portfolio is calculated based on annualized contractual minimum base rent.

W. P. Carey Inc. 12/31/2012 Supplemental 8-K — 2

W. P. CAREY INC.

Consolidated Balance Sheets (Unaudited)

(in thousands, except share and per share amounts)

	December 31, 2012			December 31, 2011
Assets
Investments in real estate:
Real estate, at cost	$	2,331,613		$	646,482
Operating real estate, at cost	99,703			109,875
Accumulated depreciation	(136,068		)	(135,175		)
Net investments in properties	2,295,248			621,182
Real estate under construction	2,875			-
Net investments in direct financing leases	376,005			58,000
Assets held for sale	1,445			-
Equity investments in real estate and the REITs	565,626			538,749
Net investments in real estate	3,241,199			1,217,931
Cash	123,904			29,297
Due from affiliates	36,002			38,369
Goodwill	329,132			63,607
In-place lease, net	447,278			44,578
Above-market rent, net	279,885			4,822
Other intangible assets, net	10,200			12,950
Other assets, net	141,442			51,069
Total assets	$	4,609,042		$	1,462,623

Liabilities and Equity
Liabilities:
Non-recourse debt	$	1,715,397		$	356,209
Senior credit facility	253,000			233,160
Accounts payable, accrued expenses and other liabilities	265,132			82,055
Income taxes, net	24,959			44,783
Distributions payable	45,700			22,314
Total liabilities	2,304,188			738,521
Redeemable noncontrolling interest	7,531			7,700
Redeemable securities - related party	40,000			-

Equity:
W. P. Carey stockholders’ equity:
Common stock of W. P. Carey Inc.	69			-
Additional paid-in-capital	2,175,820			779,071
Distributions in excess of accumulated earnings	(172,182		)	(95,046		)
Deferred compensation obligation	8,358			7,063
Accumulated other comprehensive loss	(4,649		)	(8,507		)
Less: treasury stock, at cost	(20,270		)	-
Total W. P. Carey stockholders’ equity	1,987,146			682,581
Noncontrolling interests	270,177			33,821
Total equity	2,257,323			716,402
Total liabilities and equity	4,609,042			1,462,623

W. P. Carey Inc. 12/31/2012 Supplemental 8-K — 3

W. P. CAREY INC.

Consolidated Statements of Income (Unaudited)

(in thousands, except share and per share amounts)

	Years Ended December 31,
	2012			2011			2010
Revenues
Lease revenues	$	124,503		$	62,638		$	51,482
Asset management revenue from affiliates	56,666			66,808			76,246
Structuring revenue from affiliates	48,355			46,831			44,525
Incentive, termination and subordinated disposition revenue from affiliates	-			52,515			-
Wholesaling revenue	19,914			11,664			11,096
Reimbursed costs from affiliates	98,245			64,829			60,023
Other real estate income	26,312			22,499			17,273
	373,995			327,784			260,645
Operating Expenses
General and administrative	(144,809		)	(93,733		)	(73,427		)
Reimbursable costs	(98,245		)	(64,829		)	(60,023		)
Depreciation and amortization	(48,790		)	(24,347		)	(18,309		)
Property expenses	(13,041		)	(10,145		)	(8,009		)
Other real estate expenses	(9,850		)	(10,784		)	(8,121		)
Impairment charges	(10,467		)	1,365			(1,140		)
	(325,202		)	(202,473		)	(169,029		)
Other Income and Expenses
Other interest income	1,396			2,001			1,269
Income from equity investments in real estate and the Managed REITs (a)	62,392			51,228			30,992
Gain on change in control of interests	20,744			27,859			781
Other income and (expenses)	3,402			4,578			627
Interest expense	(50,573		)	(21,770		)	(15,636		)
	37,361			63,896			18,033
Income from continuing operations before income taxes	86,154			189,207			109,649
Provision for income taxes	(6,783		)	(37,214		)	(25,814		)
Income from continuing operations	79,371			151,993			83,835
Discontinued Operations
Income from operations of discontinued properties	922			1,366			4,897
Gain on deconsolidation of subsidiary	-			1,008			-
(Loss) gain on sale of real estate	(5,019		)	(3,391		)	460
Impairment charges	(12,495		)	(11,838		)	(14,241		)
Loss from discontinued operations, net of tax	(16,592		)	(12,855		)	(8,884		)
Net Income	62,779			139,138			74,951
Net (income) loss attributable to noncontrolling interests	(607		)	1,864			314
Less: Net income attributable to redeemable noncontrolling interests	(40		)	(1,923		)	(1,293		)
Net Income Attributable to W. P. Carey	$	62,132		$	139,079		$	73,972

Basic Earnings Per Share
Income from continuing operations attributable to W. P. Carey	$	1.65		$	3.76		$	2.08
Loss from discontinued operations attributable to W. P. Carey	(0.35		)	(0.32		)	(0.22		)
Net income attributable to W. P. Carey	$	1.30		$	3.44		$	1.86
Diluted Earnings Per Share
Income from continuing operations attributable to W. P. Carey	$	1.62		$	3.74		$	2.08
Loss from discontinued operations attributable to W. P. Carey	(0.34		)	(0.32		)	(0.22		)
Net income attributable to W. P. Carey	$	1.28		$	3.42		$	1.86
Weighted Average Shares Outstanding
Basic	47,389,460			39,819,475			39,514,746
Diluted	48,078,474			40,098,095			40,007,894
Amounts Attributable to W. P. Carey
Income from continuing operations, net of tax	$	78,724		$	151,934		$	82,856
Loss from discontinued operations, net of tax	(16,592		)	(12,855		)	(8,884		)
Net income	$	62,132		$	139,079		$	73,972


(a)	Income from equity investments in real estate and the Managed REITs includes income from our equity investments in real estate of $28.3 million, income from our ownership in the Managed REITs of $5.5 million and income from our GP interest in the Managed REITs of $28.6 million.

W. P. Carey Inc. 12/31/2012 Supplemental 8-K — 4

W. P. CAREY INC.

Reconciliation of Net Income to Funds from Operations – as Adjusted (AFFO) (Unaudited)

(in thousands, except share and per share amounts)

			Three Months Ended December 31,						Years Ended December 31,
	December 31, 2012		September 30, 2012		June 30, 2012		March 31, 2012		2012		2011
Real Estate Ownership
Net income from real estate ownership attributable to W. P. Carey(a)	$	5,507	$	1,927	$	28,367	$	9,094	$	44,895	$	86,280
Adjustments:
Depreciation and amortization of real property	28,652		5,510		5,673		6,147		45,982		25,324
Impairment charges	10,700		5,534		1,003		5,725		22,962		10,473
Loss (gain) on sale of real estate, net	4,240		(59)		(1,686)		181		2,676		3,391
Proportionate share of adjustments to equity in net income of partially owned entities to arrive at FFO:
Depreciation and amortization of real property	3,210		707		730		898		5,545		5,257
Impairment charges	-		-		-		-		-		1,090
Loss (gain) on sale of real estate, net	1		181		(15,557)		142		(15,233)		34
Proportionate share of adjustments for noncontrolling interests to arrive at FFO	(4,236)		(400)		(434)		(434)		(5,504)		(1,984)
Total adjustments:	42,567		11,473		(10,271)		12,659		56,428		43,585
FFO - as defined by NAREIT	48,074		13,400		18,096		21,753		101,323		129,865
Adjustments:
Gain on change in control of interests(b)(c)	60		(20,794)		-		-		(20,734)		(27,859)
Gain on deconsolidation of a subsidiary	-		-		-		-		-		(1,008)
Other gains, net	(2)		-		-		-		(2)		25
Other depreciation, amortization and non-cash charges	(1,556)		(130)		235		(211)		(1,662)		176
Stock based compensation	211		-		-		-		211		220
Deferred tax expense	(644)		(917)		(532)		(652)		(2,745)		(3,184)
Realized gains on foreign currency, derivatives and other(d)	171		115		542		-		828		-
Amortization of deferred financing costs(d)	468		509		402		464		1,843		-
Straight-line and other rent adjustments	(2,248)		(200)		(883)		(1,115)		(4,446)		(4,255)
Above/below market rent intangible lease amortization, net(d)	7,534		51		111		-		7,696		-
Merger expense(e)	1,049		35,570		2,616		2,103		41,338		-
Proportionate share of adjustments to equity in net income of partially owned entities to arrive at AFFO:
Other depreciation, amortization and non-cash charges	624		-		-		-		624		-
Straight-line and other rent adjustments	(667)		(25)		(363)		(413)		(1,468)		(1,641)
Above/below market rent intangible lease amortization, net	166		-		(3)		-		163		-
AFFO adjustment for interests in CPA® REITs	11,971		10,650		7,687		6,926		37,234		10,137
Proportionate share of adjustments for noncontrolling interests to arrive at AFFO	(506)		(141)		(25)		(20)		(692)		272
Total adjustments:	16,631		24,688		9,787		7,082		58,188		(27,117)
AFFO - Real Estate Ownership	$	64,705	$	38,088	$	27,883	$	28,835	$	159,511	$	102,748

W. P. Carey Inc. 12/31/2012 Supplemental 8-K — 5

Investment Management
Net income from investment management attributable to W. P. Carey(a)	$	9,971	$	661	$	3,410	$	3,195	$	17,237	$	52,799
FFO - as defined by NAREIT	9,971		661		3,410		3,195		17,237		52,799
Adjustments:
Amortization, deferred taxes and non-cash charges	226		247		230		258		961		3,791
Stock based compensation	6,281		9,805		4,495		5,260		25,841		17,496
Deferred tax expense	(2,625)		(15,207)		(8,459)		2,236		(24,055)		12,019
Realized gains on foreign currency, derivatives and other(d)	(55)		17		(23)		-		(61)		-
Amortization of deferred financing costs(d)	318		308		286		285		1,197		-
Total Adjustments	4,145		(4,830)		(3,471)		8,039		3,883		33,306
AFFO - Investment Management	$	14,116	$	(4,169)	$	(61)	$	11,234	$	21,120	$	86,105

Total Company
FFO - as defined by NAREIT	$	58,045	$	14,061	$	21,506	$	24,948	$	118,560	$	182,664
FFO - as defined by NAREIT per share (diluted)	$	0.84	$	0.34	$	0.53	$	0.62	$	2.47	$	4.56
AFFO	$	78,821	$	33,919	$	27,822	$	40,069	$	180,631	$	188,853
AFFO per share (diluted)	$	1.13	$	0.82	$	0.68	$	0.99	$	3.76	$	4.71
Diluted weighted average shares outstanding	69,505,871		41,127,404		40,757,055		40,487,652		48,078,474		40,098,095


(a)	Effective April 1, 2012, we include cash distributions and deferred revenue received and earned from the operating partnerships of CPA®:16 – Global, CPA®:17 – Global and CWI in our Real Estate Ownership segment. Results of operations for the prior year periods have been reclassified to conform to the current period presentation.
(b)	Gain on change in control of interests for the year ended December 31, 2011 represents gain recognized on purchase of the remaining interests in two investments from CPA®:14, which we had previously accounted for under the equity method. In connection with purchasing these properties, we recognized a net gain of $27.9 million during the year ended December 31, 2011 to adjust the carrying value of our existing interests in these investments to their estimated fair values.
(c)	Gain on change in control of interests for the three months ended September 30, 2012 and the year ended December 31, 2012 represents a gain of $14.6 million recognized on our previously held interest in shares of CPA®:15 common stock, and a gain of $6.1 million recognized on the purchase of the remaining interests in five investments from CPA®:15, which we had previously accounted for under the equity method. We recognized a gain of $20.7 million to adjust the carrying value of our existing interests in these investments to their estimated fair values.
(d)	These adjustments were not significant prior to the Merger; therefore, they were not included in the calculation of AFFO in 2011.
(e)	For the three months ended September 30, 2012 and year ended December 31, 2012, includes current tax expense of $9.7 million relating to the conversion of CPA®:15 shares held by us before the Merger.

W. P. Carey Inc. 12/31/2012 Supplemental 8-K — 6

W. P. CAREY INC.

Reconciliation of GAAP Net Income to AFFO (Unaudited)

(in thousands)

	Three Months Ended December 31, 2012
	GAAP (a)		Add: Equity Investments (b)		Less: Non- Controlling Interests (c)		WPC’s Pro Rata Share (d)		AFFO Adjustments		AFFO
Revenues
Lease revenues (e)	$	74,970	$	10,473	$	(10,852)	$	74,591	$	3,993 (f)	$	78,584
Asset management revenue	9,578		-		(149)		9,429		-		9,429
Structuring revenue	28,779		-		(333)		28,446		-		28,446
Wholesaling revenue	8,036		-		-		8,036		-		8,036
Reimbursed costs from affiliates	39,146		-		(120)		39,026		-		39,026
Other real estate income	7,549		320		(2,379)		5,490		-		5,490
Self storage revenues	3,301		-		(1,972)		1,329		-		1,329
Hotel revenues	1,028		-		-		1,028		-		1,028
Reimbursed property expenses	3,068		168		(396)		2,840		-		2,840
Other property and tenant income	152		152		(11)		293		-		293
Total Revenues	168,058		10,793		(13,833)		165,018		3,993		169,011

Operating Expenses
General and administrative	(36,490)		(101)		969		(35,622)		7,508		(28,114)
Reimbursable costs	(39,146)		-		5		(39,141)		-		(39,141)
Depreciation and amortization	(29,514)		(3,363)		4,244		(28,633)		27,283		(1,350)
Property expenses	(5,677)		(479)		848		(5,308)		-		(5,308)
Other real estate expenses	(2,321)		-		923		(1,398)		-		(1,398)
Impairment charges	(10,467)		-		-		(10,467)		10,467		-
Total Operating Expenses	(123,615)		(3,943)		6,989		(120,569)		45,258		(75,311)

Other Income and Expenses
Other interest income	486		193		(158)		521		-		521
Income from equity investments in real estate and the Managed REITs	9,583		(3,549)		-		6,034		11,971		18,005
Joint ventures (g)	3,549		(3,549)		-		-		-		-
Income related to our ownership in the Managed REITs	(175)		-		-		(175)		9,960		9,785
Income related to our GPs - CPA 16 LLC and CPA 17 Ops	6,209		-		-		6,209		2,011		8,220
Gain on change of control of interests	(49)		-		-		(49)		49		-
Other (income) and expenses	1,376		(117)		(246)		1,013		(405)		608
Interest expense	(28,250)		(2,997)		4,944		(26,303)		786		(25,517)
Total Other Income and Expenses	(16,854)		(6,470)		4,540		(18,784)		12,401		(6,383)

Income from Continuing Operations before Income Taxes	27,589		380		(2,304)		25,665		61,652		87,317
Provision for income taxes	(6,591)		(380)		127		(6,844)		(3,267)		(10,111)
Income from Continuing Operations	20,998		-		(2,177)		18,821		58,385		77,206

Discontinued Operations
Loss from operations of discontinued properties	1,021		-		-		1,021		594 (h)		1,615
Loss on the sale of real estate	(4,131)		-		-		(4,131)		4,131		-
Impairment charges	(233)		-		-		(233)		233		-
Loss from Discontinued Operations, Net of Taxes	(3,343)		-		-		(3,343)		4,958		1,615
Net Income	17,655		-		(2,177)		15,478		63,343		78,821
Net loss attributable to noncontrolling interests	(1,990)		-		1,990		-		-		-
Net Loss attributable to redeemable noncontrolling interests	(187)		-		187		-		-		-
Income / AFFO Attributable to W. P. Carey	$	15,478	$	-	$	-	$	15,478	$	63,343	$	78,821

W. P. Carey Inc. 12/31/2012 Supplemental 8-K — 8

The following table presents the components of our General and Administrative Expenses

	Three Months Ended December 31, 2012
	GAAP (a)		Add: Equity Investments (b)		Less: Non- Controlling Interests (c)		WPC’s Pro Rata Share (d)		AFFO Adjustments		AFFO
General and Administrative
Compensation expense	$	(26,458)	$	-	$	156	$	(26,302)	$	6,459 (i)	$	(19,843)
Business development expenses	(2,808)		(100)		20		(2,888)		1,049 (j)		(1,839)
Wholesaling related expenses	(6,913)		-		-		(6,913)		-		(6,913)
General and administrative professional fees	(2,822)		(1)		75		(2,748)		-		(2,748)
Reimbursable expenses from Managed REITs	4,533		-		-		4,533		-		4,533
Office expenses	(1,691)		-		716		(975)		-		(975)
Other general and administrative	(331)		-		2		(329)		-		(329)
Total General and Administrative	$	(36,490)	$	(101)	$	969	$	(35,622)	$	7,508	$	(28,114)

The following table presents the components of our Other Income and (Expenses)

	Three Months Ended December 31, 2012
	GAAP (a)		Add: Equity Investments (b)		Less: Non- Controlling Interests (c)		WPC’s Pro Rata Share (d)		AFFO Adjustments		AFFO
Other Income and (Expenses)
Gain/Losses real estate	$	(109)	-		-		(109)		109		-
Gain/Losses foreign currency	1,106		(1)		(215)		890		(266)		624
Gain/Losses derivatives	370		-		(110)		260		(259)		1
Gain/Losses extinguishment	(10)		7		-		(3)		3		-
Other gain/losses	19		(123)		79		(25)		8		(17)
Total Other Income and (Expenses)	$	1,376	$	(117)	$	(246)	$	1,013	$	(405)	$	608


(a)	Consolidated amounts shown represent WPC’s income statement for the three months ended December 31, 2012.
(b)	Represents the break-out by line item of amounts recorded in Income from equity investments in real estate and the Managed REITs – Joint ventures.
(c)	Represents the break-out by line item of amounts recorded in Non-controlling interest and Redeemable non-controlling interest.
(d)	Represents our share in fully owned entities and co-owned entities.
(e)	Lease Revenues on a Pro Rata basis in this schedule reflect only revenues from Continuing Operations. Lease Revenues for Discontinued Operations for the three months ended December 31, 2012 were $0.7 million.
(f)	Represents adjustments for straight line and above/below market lease intangible amortization.
(g)	To calculate the Pro Rata Income Statement, Equity Investments under Joint Ventures have been re-classed to allocate their impact on each line item.
(h)	Represents Depreciation and Amortization related to Discontinued Operations.
(i)	Represents add-back of Stock Based Compensation Expense, less the share attributable to Non-controlling interests.
(j)	Represents Merger expenses included in G&A.

W. P. Carey Inc. 12/31/2012 Supplemental 8-K — 9

W. P. CAREY INC.

Reconciliation of GAAP Net Income to AFFO (Unaudited)

(in thousands)

	Year Ended December 31, 2012
	GAAP Reported (a)		Add: Equity Investments(b)		Less: Non- Controlling Interests (c)		WPC’s Pro Rata Share (d)		AFFO Adjustments			AFFO
Revenues
Lease revenues (e)	$	124,503	$	27,935	$	(12,113)	$	140,325	$	1,290	(f)	$	141,615
Asset management revenue	56,666		-		(854)		55,812		-			55,812
Structuring revenue	48,355		-		(446)		47,909		-			47,909
Wholesaling revenue	19,914		-		-		19,914		-			19,914
Reimbursed costs from affiliates	98,245		-		(510)		97,735		-			97,735
Other real estate income	26,312		1,052		(8,320)		19,044		-			19,044
Self storage revenue	12,951		-		(7,729)		5,222		-			5,222
Hotel revenues	3,766		-		-		3,766		-			3,766
Reimbursed property expenses	8,146		892		(582)		8,456		-			8,456
Other property and tenant income	1,449		160		(9)		1,600		-			1,600
Total Revenues	373,995		28,987		(22,243)		380,739		1,290			382,029

Operating Expenses
General and administrative	(144,809)		(118)		4,822		(140,105)		57,381			(82,724)
Reimbursable costs	(98,245)		-		26		(98,219)		-			(98,219)
Depreciation and amortization	(48,790)		(5,704)		5,525		(48,969)		44,919			(4,050)
Property expenses	(13,041)		(1,574)		1,115		(13,500)		-			(13,500)
Other real estate expenses	(9,850)		-		3,672		(6,178)		-			(6,178)
Impairment charges	(10,467)		-		-		(10,467)		10,467			-
Total Operating Expenses	(325,202)		(7,396)		15,160		(317,438)		112,767			(204,671)

Other Income and Expenses
Other interest income	1,396		260		(152)		1,504		-			1,504
Income from equity investments in real estate and the Managed REITs	62,392		(28,292)		-		34,100		37,234			71,334
Joint ventures (g)	28,292		(28,292)		-		-		-			-
Income related to our ownership in the Managed REITs	5,508		-		-		5,508		35,816			41,324
Income related to our GPs - CPA 16 LLC and CPA 17 Ops	28,592		-		-		28,592		1,418			30,010
Gain on change of control of interests	20,744		-		-		20,744		(20,744)		(h)	-
Other (income) and expenses	3,402		14,777		(371)		17,808		(17,631)			177
Interest expense	(50,573)		(7,104)		6,570		(51,107)		2,957		(i)	(48,150)
Total Other Income and Expenses	37,361		(20,359)		6,047		23,049		1,816			24,865

Income from Continuing Operations before Income Taxes	86,154		1,232		(1,036)		86,350		115,873			202,223
Provision for income taxes	(6,783)		(1,232)		389		(7,626)		(17,104)		(j)	(24,730)
Income from Continuing Operations	79,371		-		(647)		78,724		98,769			177,493

Discontinued Operations
Loss from operations of discontinued properties	922		-		-		922		2,216		(k)	3,138
Loss on the sale of real estate	(5,019)		-		-		(5,019)		5,019			-
Impairment charges	(12,495)		-		-		(12,495)		12,495			-
Loss from Discontinued Operations, Net of Taxes	(16,592)		-		-		(16,592)		19,730			3,138
Net Income	62,779		-		(647)		62,132		118,499			180,631
Net loss attributable to noncontrolling interests	(607)		-		607		-		-			-
Net Loss attributable to redeemable noncontrolling interests	(40)		-		40		-		-			-
Income / AFFO Attributable to W. P. Carey	$	62,132	$	-	$	-	$	62,132	$	118,499		$	180,631

W. P. Carey Inc. 12/31/2012 Supplemental 8-K — 10

The following table presents the components of our General and Administrative Expenses

	Year Ended December 31, 2012
	GAAP Reported (a)		Add: Equity Investments(b)		Less: Non- Controlling Interests (c)		WPC’s Pro Rata Share (d)		AFFO Adjustments		AFFO
General and Administrative
Compensation expense	$	(86,132)	$	-	$	727	$	(85,405)	$	25,719 (l)	$	(59,686)
Business development expenses	(37,429)		(100)		98		(37,431)		31,662 (m)		(5,769)
Wholesaling related expenses	(17,787)		-		-		(17,787)		-		(17,787)
General and administrative professional fees	(11,332)		(18)		291		(11,059)		-		(11,059)
Reimbursable expenses from Managed REITs	16,309		-		-		16,309		-		16,309
Office expenses	(6,461)		-		3,692		(2,769)		-		(2,769)
Other general and administrative	(1,977)		-		14		(1,963)		-		(1,963)
Total General and Administrative	$	(144,809)	$	(118)	$	4,822	$	(140,105)	$	57,381	$	(82,724)

The following table presents the components of our Other Income and (Expenses)

	Year Ended December 31, 2012
	GAAP Reported (a)		Add: Equity Investments(b)		Less: Non- Controlling Interests (c)		WPC’s Pro Rata Share (d)		AFFO Adjustments		AFFO
Other Income and (Expenses)
Gain/Losses real estate	$	2,343	15,233		-		17,576		(17,577)		(1)
Gain/Losses foreign currency	579		(624)		(212)		(257)		258		1
Gain/Losses derivatives	351		-		(110)		241		(241)		-
Gain/Losses extinguishment	(10)		7		-		(3)		3		-
Other gain/losses	139		161		(49)		252		(75)		177
Total Other Income and (Expenses)	$	3,402	$	14,777	$	(371)	$	17,808	$	(17,631)	$	177


(a)	Consolidated amounts shown represent WPC’s income statement for the year ended December 31, 2012.
(b)	Represents the break-out by line item of amounts recorded in Income from equity investments in real estate and the Managed REITs – Joint ventures.
(c)	Represents the break-out by line item of amounts recorded in Non-controlling interest and Redeemable non-controlling interest.
(d)	Represents our share in fully owned entities and co-owned entities.
(e)	Lease Revenues on a Pro Rata basis in this schedule reflect only revenues from Continuing Operations. Lease Revenues for Discontinued Operations for the year ended December 31, 2012 were $3.6 million.
(f)	Represents adjustments for straight line and above/below market lease intangible amortization.
(g)	To calculate the Pro Rata Income Statement, Equity Investments under Joint Ventures have been re-classed to allocate their impact on each line item.
(h)	Represents a gain of $14.7 million recognized on our previously held interest in shares of CPA®:15 common stock and a gain of $6.1 million recognized on the purchase of the remaining interests in five investments from CPA®:15.
(i)	Represents amortization of deferred financing costs.
(j)	Represents deferred taxes and taxes paid due to the conversion of CPA®:15 shares held by PwC at the time of the Merger.
(k)	Represents Depreciation and Amortization related to Discontinued Operations.
(l)	Represents add-back of Stock Based Compensation Expense, less the share attributable to Non-controlling interests.
(m)	Represents Merger expenses included in G&A. The remaining Merger expenses of $9.7 million were included in the provision for income taxes AFFO adjustment.

W. P. Carey Inc. 12/31/2012 Supplemental 8-K — 11

W. P. CAREY INC.

Reconciliation of Net Income to EBITDA – as Adjusted (Pro Rata Basis) (Unaudited)

(in thousands, except share and per share amounts)

	Three Months Ended								Years Ended December 31,
	December 31, 2012		September 30, 2012		June 30, 2012		March 31, 2012		2012		2011
Net Income attributable to W.P. Carey	$	15,478	$	2,588	$	31,777	$	12,289	$	62,132	$	139,079
Adjustments:
Depreciation and amortization	30,108		6,761		6,833		7,304		51,006		29,667
Interest expense	28,250		7,869		7,245		7,345		50,709		22,366
Provision for income taxes	6,591		379		(1,881)		1,701		6,790		37,228
EBITDA	80,427		17,597		43,974		28,639		170,637		228,340
Proportionate share of adjustments from equity method investments(a)	14,831		9,103		19,394		15,102		58,430		57,815
Proportionate share of adjustments for noncontrolling interests(a)	(9,313)		928		(324)		(1,035)		(9,744)		(4,616)
Pro rata EBITDA	85,945		27,628		63,044		42,706		219,323		281,539
Management Adjustments:
Impairments	10,700		5,535		1,003		5,723		22,961		10,473
Loss (gain) on sale	1,081		(59)		(1,686)		181		(483)		3,391
Loss (gain) on extinguishment of debt	10		-		-		-		10		-
Stock compensation	6,492		9,805		4,495		5,260		26,052		17,716
Merger expenses	1,049		25,895		2,617		2,102		31,663		24
(Gains) on investment due to merger	49		(20,794)		-		-		(20,745)		(27,859)
Realized and unrealized loss (gain) on foreign currency (net)	(1,106)		(46)		853		(280)		(579)		(207)
Realized and unrealized loss (gain) on derivatives (net)	(370)		49		(30)		-		(351)		(609)
Proportionate share of adjustments from equity method investments(b)	5,941		7,632		(17,513)		943		(2,997)		3,348
Proportionate share of adjustments for noncontrolling interests(b)	71		(176)		97		(97)		(105)		(30)
Total Adjustments	23,917		27,841		(10,164)		13,832		55,426		6,247
Pro rata Adjusted EBITDA	$	109,862	$	55,469	$	52,880	$	56,538	$	274,749	$	287,786

Pro rata EBITDA per share (diluted)	$	1.24	$	0.67	$	1.55	$	1.05	$	4.56	$	7.02
Pro rata Adjusted EBITDA per share (diluted)	$	1.58	$	1.35	$	1.30	$	1.40	$	5.71	$	7.18
Diluted weighted average shares outstanding	69,505,871		41,127,404		40,757,055		40,487,652		48,078,474		40,098,095

(a) Incorporates the pro rata share of depreciation, interest expense and tax provision adjustments for unconsolidated subsidiaries and joint ventures.

(b) Incorporates the pro rata share of impairments, loss (gain) on the sale of real estate, stock compensation, merger related adjustments as well as the losses (gains) related to foreign exchange and derivative positions for unconsolidated subsidiaries and joint ventures.

W. P. Carey Inc. 12/31/2012 Supplemental 8-K — 12

W. P. CAREY INC.

Adjusted Revenue Analysis (Pro Rata Basis) (Unaudited)

(in thousands)

	Three Months Ended								Years Ended December 31,
	December 31, 2012		September 30, 2012		June 30, 2012		March 31, 2012		2012		2011
Asset management revenue	$	9,578	$	15,850	$	15,636	$	15,602	$	56,666	$	66,808
Structuring revenue (a)	28,779		8,316		3,622		7,638		48,355		46,831
Investment management revenue	38,357		24,166		19,258		23,240		105,021		113,639
Real estate revenue	103,965		51,999		54,267		54,476		264,707		197,339
Total Adjusted Revenue	$	142,322	$	76,165	$	73,525	$	77,716	$	369,728	$	310,978

Reconciliation of Total Adjusted Revenue
Total revenue — as reported	$	168,058	$	70,378	$	67,182	$	68,377	$	373,995	$	327,784
Less: Incentive, termination and subordinated disposition revenue (b)	-		-		-		-		-		(52,515)
Less: Wholesaling revenue (c)	(8,036)		(4,012)		(4,079)		(3,787)		(19,914)		(11,664)
Less: Reimbursed costs from affiliates (c)	(39,146)		(19,878)		(20,484)		(18,737)		(98,245)		(64,829)
Add: Lease revenue – discontinued operations	738		613		742		1,537		3,630		9,452
Add: Pro rata share of revenue from equity investments	9,911		5,313		5,738		6,412		27,374		28,269
Less: Pro rata share of revenue due to noncontrolling interests	(10,289)		(411)		(422)		(428)		(11,550)		(2,629)
Add: Pro rata share of revenue from CPA® REITs	14,838		18,860		19,263		19,197		72,158		68,833
Add: Total distributions of available cash - GP interest	8,220		7,352		7,463		6,974		30,009		15,535
Less: Pro rata share of other real estate income to noncontrolling interests	(1,972)		(2,050)		(1,878)		(1,829)		(7,729)		(7,258)
Total Adjusted Revenue	$	142,322	$	76,165	$	73,525	$	77,716	$	369,728	$	310,978

Reconciliation of Real Estate Revenue
Lease revenue – as reported	$	74,970	$	16,160	$	16,531	$	16,842	$	124,503	$	62,638
Lease revenue – discontinued operations	738		613		742		1,537		3,630		9,452
Total consolidated lease revenue	75,708		16,773		17,273		18,379		128,133		72,090
Add: Pro rata share of revenue from equity investments	9,911		5,313		5,738		6,412		27,374		28,269
Less: Pro rata share of revenue due to noncontrolling interests	(10,289)		(411)		(422)		(428)		(11,550)		(2,629)
Total pro rata net lease revenue	75,330		21,675		22,589		24,363		143,957		97,730

Add: Pro rata share of revenues from CPA® REITs
CPA®:14	-		-		-		-		-		4,841
CPA®:15 (d)	-		4,234		4,206		4,286		12,726		17,517
CPA®:16 – Global	13,955		13,817		14,325		14,265		56,362		44,965
CPA®:17 – Global	883		809		732		646		3,070		1,510
Total pro rata share of revenues from CPA® REITs	14,838		18,860		19,263		19,197		72,158		68,833
Add: Share of lease revenue from GP interest
CPA®:16 – LLC	3,825		3,685		3,598		4,281		15,389		6,157
CPA®:17 – Ops	4,395		3,667		3,865		2,693		14,620		9,378
Total share of lease revenue from GP interest	8,220		7,352		7,463		6,974		30,009		15,535
Add: Other real estate income (e)	7,549		6,162		6,830		5,771		26,312		22,499
Less: Pro rata share of other real estate income to noncontrolling interests(f)	(1,972)		(2,050)		(1,878)		(1,829)		(7,729)		(7,258)
Total Real Estate Revenue	$	103,965	$	51,999	$	54,267	$	54,476	$	264,707	$	197,339

W. P. Carey Inc. 12/31/2012 Supplemental 8-K — 14

W. P. CAREY INC.

Total Adjusted Revenue - W. P. Carey Group (Pro Rata Basis) (Unaudited)

(in thousands)

	Three Months Ended								Years Ended December 31,
	December 31, 2012		September 30, 2012		June 30, 2012		March 31, 2012		2012		2011
W. P. Carey Pro Rata Revenue
W. P. Carey pro rata lease revenue	$	75,330	$	21,675	$	22,589	$	24,363	$	143,957	$	97,730
W. P. Carey wholesaling revenue (a)	8,036		4,012		4,079		3,787		19,914		11,664
W. P. Carey pro rata other real estate income (b)	5,577		4,112		4,952		3,942		18,583		15,241

Managed REITs Pro Rata Revenue
CPA®:14 pro rata lease revenue	-		-		-		-		-		51,664
CPA®:14 other income	-		-		-		-		-		1,228
CPA®:15 pro rata lease revenue (c)	-		53,592		53,238		54,324		161,154		233,116
CPA®:15 other income (c)	-		2,120		1,361		6,772		10,253		7,772
CPA®:16 – Global pro rata lease revenue	76,130		75,707		78,796		79,115		309,748		302,591
CPA®:16 – Global other income	9,948		10,055		9,916		11,016		40,935		39,421
CPA®:17 – Global pro rata lease revenue	68,431		62,258		61,027		58,691		250,407		189,145
CPA®:17 – Global other income	26,681		11,870		12,651		12,063		63,265		23,152
CWI hotel revenue	6,257		5,868		846		-		12,971		-
CWI other income	121		928		-		417		1,466		1,082
Total combined revenue	276,511		252,197		249,455		254,490		1,032,653		973,806
Less: Carey Financial revenue (a)	(8,036)		(4,012)		(4,079)		(3,787)		(19,914)		(11,664)
Net real estate related revenue	$	268,475	$	248,185	$	245,376	$	250,703	$	1,012,739	$	962,142

(a) Total adjusted revenue excludes reimbursements of costs received from the Managed REITs as they have no impact on net income. Also excluded is wholesaling revenue earned in connection with CPA®:17 – Global’s and CWI’s public offerings, which is substantially offset by underwriting costs incurred in connection with the offerings.

(b) Other real estate income generally consists of revenue from Carey Storage Management LLC (“Carey Storage”), a subsidiary that invests in domestic self-storage properties and Livho, Inc., a subsidiary that operates a hotel franchise. Other real estate income also includes lease termination payments and other non-rent related revenues from real estate ownership, and as a result, we expect other real estate income to fluctuate period to period.

(c) For the three-month period ended September 30, 2012 and the year ended December 31, 2012 represents pro rata lease revenue from CPA®:15 through September 28, 2012, the date of the Merger.

W. P. Carey Inc. 12/31/2012 Supplemental 8-K — 16

W. P. CAREY INC.

Adjusted General and Administrative (Unaudited)

(in thousands, except share and per share amounts)

	Three Months Ended								Year Ended December 31,
	December 31, 2012		September 30, 2012		June 30, 2012		March 31, 2012		2012		2011
General and administrative, as reported	$	36,490	$	54,828	$	26,582	$	26,909	$	144,809	$	93,733
Less:
Merger-related expenses (a)	(1,049)		(25,895)		(2,617)		(2,102)		(31,663)		(24)
Wholesaling-related expenses (b)	(6,913)		(4,046)		(4,015)		(2,813)		(17,787)		(11,981)
Stock-based compensation expense (c)	(6,492)		(9,805)		(4,495)		(5,260)		(26,052)		(17,716)
Adjusted general and administrative	$	22,036	$	15,082	$	15,455	$	16,734	$	69,307	$	64,012

W. P. Carey Group revenues	$	268,475	$	248,185	$	245,376	$	250,703	$	1,012,739	$	962,142
% of W. P. Carey Group revenues	8.2%		6.1%		6.3%		6.7%		6.8%		6.7%

__________

(a) Represents expenses incurred in connection with the September 28, 2012 Merger with CPA®:15, which are excluded because they are considered to be non-recurring in nature.

(b) Represents reimbursement of wholesaling related expenses, which substantially offsets wholesaling revenue. Wholesaling revenue is not included in the calculation of W. P. Carey Group revenues; therefore, the offsetting expense is excluded from the calculation of Adjusted G&A.

(c) Stock compensation expense is a non-cash expense and is reflected in the diluted share count. This adjustment represents the amount on WPC’s consolidated income statements. On a pro rata basis, the amounts are $6.459 million and $25.719 million for the three months and year ended December 31, 2012, respectively.

W. P. Carey Inc. 12/31/2012 Supplemental 8-K — 18

W. P. CAREY INC.

Business Segment and Financial Information (Pro Rata Basis) (Unaudited)

(in thousands, except percentages, per share information and share information)

Real Estate Ownership

Pro Rata NOI (Includes JVs) (a)							Three Months Ended December 31, 2012		Annualized
Lease revenues							$	79,431	$	317,724
Non-reimbursable expenses							(2,362)		(9,448)
Net operating income							$	77,069	$	308,276

Special GP Interest in Cash Flow (Managed REITs)							Three Months Ended December 31, 2012		Annualized
CPA®:16 - Global OP							$	3,825	$	15,300
CPA®:17 - Global OP							4,395		17,580
Total							$	8,220	$	32,880

Other Real Estate Income		Revenues		Expenses			Three Months Ended December 31, 2012		Annualized
Storage and hotel income		$	2,358	$	1,398		$	960	$	3,840

Managed REITs - Shares Owned	Current Annualized Distribution	2012 Distributions Received by WPC		Most Recent NAV / Offering Price per Share (b)			Shares Owned		Total Value
CPA®:16 - Global (18.3% Ownership)	6.7%	$	24,357	$		9.10	37,129,849		$	337,882
CPA®:17 - Global (1.3% Ownership)	6.5%	1,546		10.00			3,953,320		39,533
CWI (0.5% Ownership)	6.0%	13		10.00			72,416		724
Total							41,155,585		$	378,139

Investment Management

				Year Ended December 31, 2012
		Three Months Ended December 31, 2012		Revenues			Merger Adjustment		Adjusted Revenues
Asset Management Revenue		$	9,429	$	55,812		$	(18,545)	$	37,267
Structuring Revenue		28,446		47,908			-		47,908
Wholesaling Revenue		8,036		19,914			-		19,914
Total		$	45,911	$	123,634		$	(18,545)	$	105,089

Consolidated Balance Sheet Information

									WPC
Assets
Cash									$	123,904
Due from Affiliates									36,002
Other Assets, Net									141,442
Liabilities
Pro Rata Debt (Includes JVs)									$	1,663,883
Line of Credit									253,000
Accounts Payable									265,132
Income Taxes, net									24,959
Distributions Payable									45,700
Shares Outstanding									68,901,933

__________

(a) Refer to schedule on the following page for a reconciliation from reported lease revenues and property expenses to pro rata lease revenues and property expenses.

(b) The NAV of CPA®:16 – Global is as at December 31, 2011, as the December 31, 2012 NAV has yet to be determined. NAVs have not been determined for CPA®:17 – Global and CWI; therefore their offering prices have been presented in the table above.

W. P. Carey Inc. 12/31/2012 Supplemental 8-K — 19

W. P. CAREY INC.

Lease Revenues and Property Expenses (Pro Rata Basis) (Unaudited)

(in thousands)

	Three Months Ended December 31, 2012		Annualized
Reconciliation of Pro Rata Lease Revenues
Lease revenues – as reported	$	74,970	$	299,880
Lease revenues – discontinued operations	738		2,952
Total consolidated lease revenues	75,708		302,832
Add: WPC share of revenues from equity investments	9,911		39,644
Less: Share of revenues due to noncontrolling interests	(10,289)		(41,156)
Total pro rata lease revenues (a)	75,330		301,320
Less: Straight line rent amortization	(2,485)		(9,940)
Less: Above / (below) market rent intangible lease amortization	6,586		26,344
Total pro rata cash lease revenues	$	79,431	$	317,724

Reconciliation of Pro Rata Property Expenses
Property expenses – as reported	$	5,677	$	22,708
Property expenses – discontinued operations	347		1,388
Total consolidated property expenses	6,024		24,096
Less: Reimbursable property expenses (b)	(3,486)		(13,944)
Total non-reimbursable property expenses	2,538		10,152
Add: WPC share of non-reimbursable property expenses from equity investments	351		1,404
Less: Share of non-reimbursable property expenses due to noncontrolling interests	(527)		(2,108)
Total pro rata non-reimbursable property expenses	$	2,362	$	9,448

__________

(a) Total pro rata lease revenues differ from the amount presented in the reconciliation from GAAP net income to AFFO due to the inclusion of discontinued operations.

(b) Reimbursable property expenses are substantially offset by revenues booked in other real estate income; therefore, these reimbursements are not included in lease revenue.

W. P. Carey Inc. 12/31/2012 Supplemental 8-K — 20

W. P. CAREY INC.

Portfolio Debt Overview (Pro Rata Basis) (Unaudited)

As of December 31, 2012

(in thousands, except percentages)

Portfolio Debt Maturity

Year of Maturity	Balloon Payments			Other Principal Payments			Debt Maturity
2013	$	97,835		$	517		$	98,351
2014	511,057		(a)	23,993		(a)	535,050		(a)
2015	163,789			6,661			170,450
2016	59,250			12,613			71,863
2017	238,843			12,651			251,494
2018	157,978			27,611			185,589
2019	28,106			11,385			39,491
2020	112,884			27,304			140,188
2021	28,776			10,448			39,225
2022	159,321			43,977			203,298
2023	2,062			62,433			64,495
Thereafter	34,473			82,915			117,388
Total	$	1,594,375		$	322,508		$	1,916,883

Debt Maturity Analysis

__________

(a) Amount includes outstanding recourse debt under the Senior Credit Facility.

Fixed- and Variable-Rate Debt Analysis

Non-Recourse Debt	Total Outstanding Balance		Percent of Total
Fixed	$	1,287,832	67%
Variable – Swapped	207,211		11%
Variable – Capped	128,853		7%
Variable – Future Rate Reset (Variable)	22,844		1%
Variable – Floating	17,143		1%
	1,663,883		87%
Recourse Debt
Variable – Senior Credit Facility	253,000		13%
Total Debt Outstanding	$	1,916,883	100%

W. P. Carey Inc. 12/31/2012 Supplemental 8-K — 21

W. P. CAREY INC.

Detailed Debt Summary (Pro Rata Basis - Continued) (Unaudited)

As of December 31, 2012

(in thousands, except percentages)

Tenant/Lease Guarantor	Maturity Date	Interest Rate	Rate Type	Percent Ownership	Pro Rata Outstanding Balance (a)
Meadow Brook Meat	Jan-13	6.08%	Fixed	100%	$	14,645
TruServ Corporation	Jan-13	5.83%	Fixed	50%	9,188
TruServ Corporation	Jan-13	5.83%	Fixed	50%	11,562
TruServ Corporation	Feb-13	5.83%	Fixed	50%	11,668
C1000 Logistiek Vastgoed B.V.	Mar-13	2.22%	Variable – Floating	15%	13,978
Thales SA	Jul-13	3.40%	Variable – Swapped	65%	13,246
AutoZone, Inc.	Aug-13	6.85%	Fixed	100%	306
AutoZone, Inc.	Aug-13	6.85%	Fixed	100%	32
American Pad & Paper, LLC	Oct-13	6.53%	Fixed	100%	5,245
Danka Office Imaging Company	Oct-13	6.71%	Fixed	100%	18,481
LifeTime Fitness	Jan-14	6.43%	Fixed	100%	22,160
US Airways Group, Inc.	Apr-14	4.21%	Variable – Capped	79%	13,639
U-Haul Moving Partners Inc. & Mercury Partners, LP	May-14	6.45%	Fixed	58%	89,222
Actuant	May-14	6.82%	Fixed	50%	5,286
TietoEnator Plc	Jul-14	5.16%	Fixed	60%	35,346
Northrop Grumman Systems Corporation & Overland Storage Inc.	Aug-14	6.18%	Fixed	100%	17,470
Plexus Corporation	Aug-14	7.25%	Fixed	100%	4,869
Carrefour France SAS	Dec-14	1.19%	Variable – Capped	100%	94,059
Pohjola Non-Life Insurance Company LTD	Jan-15	4.59%	Fixed	60%	35,350
Sports Wholesale, Inc.	May-15	6.45%	Variable – Swapped	100%	4,425
Hellweg Die Profi-Baumarkte GmbH Und Co.	May-15	4.50%	Fixed	75%	65,986
Garden Ridge, L.P.	Jun-15	6.75%	Fixed	100%	5,759
Custom Food Products, LLC	Aug-15	10.00%	Fixed	100%	113
Wagon Automotive Nagold GmbH & Waldaschaff Automotive	Aug-15	6.64%	Fixed	33%	6,471
Lowes Home Improvement Warehouse	Sep-15	4.87%	Fixed	100%	8,269
Bouygues Telecom	Oct-15	3.07%	Fixed	95%	4,741
The American Bottling Company	Nov-15	5.13%	Fixed	100%	28,432
Tata Steel UK Limited	Nov-15	6.17%	Fixed	100%	10,903
Humco Holding Group, Inc.	Feb-16	4.75%	Fixed	100%	2,699
World Color Printing (USA) Corp.	May-16	5.30%	Fixed	100%	4,842
CheckFree Corporation	Jun-16	6.18%	Fixed	100%	28,347
Various self-storage facilities	Jul-16	6.27%	Variable – Future Rate Reset (Variable)	40%	5,886
Sprint Spectrum Realty Company, L. P.	Aug-16	4.85%	Fixed	100%	8,162
Del Monte Corporation	Aug-16	4.80%	Fixed	50%	5,448
Multi-Tenant (Bouygues Illkirch)	Oct-16	5.01%	Fixed	75%	9,878
Consolidated Systems, Inc.	Nov-16	5.87%	Fixed	60%	6,600
Hellweg Die Profi-Baumärkte GmbH & Co KG	Jan-17	5.49%	Fixed	43%	8,119
Hellweg Die Profi-Baumärkte GmbH & Co KG	Jan-17	5.49%	Fixed	40%	136,037
Hellweg Die Profi-Baumarkte GmbH Und Co.	Jan-17	6.74%	Fixed	40%	(12,095)
SaarOTEC	Jan-17	5.32%	Fixed	50%	4,513

W. P. Carey Inc. 12/31/2012 Supplemental 8-K — 22

W. P. CAREY INC.

Detailed Debt Summary (Pro Rata Basis - Continued) (Unaudited)

As of December 31, 2012

(in thousands, except percentages)


Tenant/Lease Guarantor	Maturity Date	Interest Rate	Rate Type	Percent Ownership	Pro Rata Outstanding Balance (a)
Rave Motion Pictures Baton Rouge LLC	Feb-17	5.60%	Fixed	100%	10,025
Qwest Communications, Inc.	Feb-17	4.50%	Fixed	100%	1,229
TSI Newton, LLC	May-17	5.59%	Fixed	44%	3,368
24 Hour Fitness USA, Inc.	Jun-17	5.50%	Variable – Floating	100%	3,165
Amylin Pharmaceuticals, Inc.	Jul-17	6.20%	Fixed	100%	15,126
Amylin Pharmaceuticals, Inc.	Jul-17	6.20%	Fixed	100%	18,402
Walgreens Co.	Jul-17	5.67%	Fixed	100%	22,000
Arch Chemicals, Inc.	Oct-17	4.83%	Fixed	100%	7,699
Advanced Micro Devices	Sep-17	5.80%	Fixed	33%	18,388
PETsMART, Inc.	Nov-17	5.75%	Fixed	100%	2,609
The United States Playing Card Company & Alstom Power	Dec-17	4.02%	Fixed	100%	5,723
The United States Playing Card Company & Alstom Power	Dec-17	4.02%	Fixed	100%	6,277
Wanbishi Archives Co. Ltd.	Dec-17	2.00%	Fixed	3%	908
OBI Group	Mar-18	5.10%	Variable – Swapped	75%	111,481
The New York Times Company	Apr-18	2.86%	Variable – Capped	18%	21,155
MediMedia USA, Inc.	Apr-18	5.90%	Fixed	100%	10,874
OBI Group	Mar-18	5.48%	Variable – Swapped	100%	8,309
Kerr Corporation	Oct-18	7.23%	Fixed	100%	7,436
Omnicom Group, Inc.	Oct-18	6.77%	Fixed	100%	26,334
Various self-storage facilities	Feb-19	7.03%	Variable – Future Rate Reset (Variable)	40%	12,467
Barnes & Noble, Inc.	Feb-19	3.70%	Variable – Swapped	100%	3,500
Orbital Sciences Corporation	Jul-19	7.75%	Fixed	100%	12,066
Universal Technical Inst. of CA, Inc.	Nov-19	6.27%	Fixed	100%	11,459
24 Hour Fitness USA, Inc.	Jan-20	6.10%	Fixed	100%	3,115
Merit Medical Systems, Inc.	Apr-20	6.50%	Fixed	100%	13,075
JPMorgan Chase Bank, National Assoc.	Jul-20	5.47%	Variable – Swapped	100%	33,631
Prefecture de Police (Paris, France)	Aug-20	4.36%	Fixed	50%	36,696
Self-Storage Facility in Pensacola, FL	Nov-20	6.25%	Variable – Future Rate Reset (Variable)	100%	1,801
Federal Express Corporation	Dec-20	5.48%	Fixed	100%	51,871
Universal Technical Inst. of Penn., Inc.	Jan-21	6.15%	Fixed	100%	13,126
SymphonyIRI Group, Inc.	Feb-21	5.96%	Fixed	100%	15,499
Datalogic Scanning, Inc.	Feb-21	5.80%	Fixed	100%	4,724
PETsMART, Inc.	Sep-21	6.50%	Fixed	30%	5,875
Integracolor, Ltd.	Mar-22	4.37%	Variable – Swapped	100%	6,905
24 Hour Fitness USA, Inc.	Apr-22	6.29%	Fixed	100%	4,135
Belgium Government	May-22	6.23%	Fixed	100%	11,094
EADS North America Defense Test & Services	Jun-22	4.70%	Fixed	100%	8,459
Anthony’s Manufacturing Company	Jun-22	4.65%	Fixed	100%	6,991
Foster Wheeler Realty Services	Aug-22	3.89%	Variable – Swapped	100%	25,714
Marriott Courtyard	Oct-22	5.04%	Fixed	100%	140,000

W. P. Carey Inc. 12/31/2012 Supplemental 8-K — 23

W. P. CAREY INC.

Detailed Debt Summary (Pro Rata Basis - Continued) (Unaudited)

As of December 31, 2012

(in thousands, except percentages)

Tenant/Lease Guarantor	Maturity Date	Interest Rate	Rate Type	Percent Ownership	Pro Rata Outstanding Balance (a)
Pactiv Corporation	Mar-23	6.32%	Fixed	100%	6,512
Benchmark Electronics Manufacturing, Inc.	Apr-23	6.36%	Fixed	100%	5,211
Hologic, Inc.	May-23	6.40%	Fixed	100%	12,973
Galyan’s Trading Company	Sep-23	7.32%	Fixed	100%	11,209
Grande Communications Networks, Inc.	Sep-23	6.72%	Fixed	100%	5,313
Rexam Consumer Plastics, Inc.	Oct-23	6.30%	Fixed	100%	12,860
EDS Customer Relationship Mgmt. Inc.	Dec-23	6.20%	Fixed	100%	10,417
World Airways, Inc.	Jun-24	6.76%	Fixed	100%	3,962
Dick’s Sporting Goods	Oct-24	7.46%	Fixed	100%	4,198
Shaklee Corporation	Oct-24	5.54%	Fixed	100%	12,861
Berry Plastics Corporation	Nov-24	5.54%	Fixed	100%	15,164
Plumbmaster, Inc.	Nov-24	5.54%	Fixed	100%	4,506
Universal Technical Institute of Arizona	Dec-24	5.82%	Fixed	100%	13,327
24 Hour Fitness USA, Inc.	Jan-25	7.63%	Variable – Future Rate Reset (Variable)	100%	2,690
The Talaria Company, LLC	Jun-25	6.26%	Fixed	30%	8,061
Google, Inc.	Nov-25	5.15%	Fixed	100%	23,972
Gestamp Alabama, LLC	May-26	6.25%	Fixed	100%	6,307
Oriental Trading Company, inc.	Sep-26	6.56%	Fixed	100%	22,340
Total Non-Recourse Debt					1,663,883

Weighted-Average Cost of Non-Recourse Debt		5.24%

Unsecured - Senior Credit Facility	Dec-14	2.19%	Variable - Floating	100%	253,000

Weighted-Average Cost of Total Debt		4.84%

Total Debt					$	1,916,883

__________

(a) Based upon exchange rates at December 31, 2012, where applicable.

W. P. Carey Inc. 12/31/2012 Supplemental 8-K — 24

W. P. CAREY INC.

Selected Data for the Managed REITs (Unaudited)

As of December 31, 2012

(in thousands, except percentages, shares and per share amounts)

			Most		Current			Asset
		Shares	Recent NAV/		Annualized	Distributions		Management	Structuring	Special GP
	Ownership	Outstanding	Offering Price (a)		Distribution (b)	Received		Revenue (c)	Revenue (d)	Distributions
CPA®:16 – Global	18.3%	211,462,089	$	9.10	6.70%	$	24,357	0.5%	4.5%	10.0%
CPA®:17 – Global	1.3%	310,548,664	10.00		6.50%	1,546		0.5%	4.5%	10.0%
CWI	0.5%	16,368,733	10.00		6.00%	13		0.5%	2.5%	10.0%

			Total		Total
			Domestic		International
	Square Feet	Inception Date	AUM		AUM		Total AUM		Total Debt
CPA®:16 – Global(e)	47,328	2003	$	2,606,772	$	1,083,625	$	3,690,397	$	1,787,180
CPA®:17 – Global	35,998	2007	2,352,739		1,574,759		3,927,498		1,640,434
CWI	N/A	2010	252,923		-		252,923		88,762
Total	83,326		$	5,212,434	$	2,658,384	$	7,870,818	$	3,516,376

__________

(a) WPC generally calculates the estimated net asset value per share (“NAV”) for each Managed REIT by relying in part on an estimate of the fair market value of each Managed REIT’s real estate portfolio provided by a third party, adjusted to give effect to the estimated fair value of mortgages encumbering the Managed REITs’ assets as well as other adjustments. The NAVs are based on a number of variables including individual tenant credits, lease terms, lending credit spreads, foreign currency exchange rates and tenant defaults, among others. The NAV of CPA®:16 – Global is as at December 31, 2011, as the December 31, 2012 NAV has yet to be determined. NAVs have not been determined for CPA®:17 – Global and CWI; therefore their offering prices have been presented in the table above. CPA®:17 – Global’s offering period closed on December 20, 2012; however, a NAV will not be determined until December 31, 2013, and CWI is still in its offering period.

(b) The current annualized distribution rate is based on quarterly distribution rate for the fourth quarter of 2012. For CWI, approximately 83% of its fourth quarter distribution was paid in cash, with the remaining 17% paid in shares of its common stock.

(c) We generally earn base asset management revenue of 0.5% of average invested assets. For CPA®:17 – Global, we earn asset management revenue ranging from 0.5% of average market value for long-term net leases and certain other types of real estate investments up to 1.75% of the average equity value for certain types of securities. In 2012, we elected to receive all base asset management revenue from CPA®:15 in cash, while for CPA®:16 – Global, we elected to receive 50% of base asset management revenue in shares of CPA®:16 – Global with the remaining 50% payable in cash. For CPA®:17 – Global and CWI, we elected to receive all base asset management revenue in shares of their common stock.

(d) We generally receive structuring revenue of up to an average of 4.5% of the total cost of all investments made by each CPA® REIT. For certain types of non-long term net lease investments acquired on behalf of CPA®:17 – Global, structuring revenue may range from 0% to 1.75% of the equity invested plus the related structuring revenue. For CWI, we earn structuring revenue of 2.5% of the total investment cost of the properties acquired.

(e) The Total AUM represents fair value of assets as at December 31, 2011 adjusted for dispositions during the year, as the asset fair value as at December 31, 2012 has not yet been determined.

W. P. Carey Inc. 12/31/2012 Supplemental 8-K — 25

W. P. CAREY INC.

Joint Venture Information (Unaudited)

As of December 31, 2012

(in thousands, except percentages)

	WPC %								WPC
Joint Venture or JV	Interest	Remaining	Total JV						Pro Rata Share of Total JV
(Principal Tenant)	in JV	Interest in JV	Assets		Liabilities		Equity		Assets		Liabilities		Equity
Actuant Corporation	50.05%	CPA®:16 - 50%	19,337		11,504		7,832		9,678		5,758		3,920
Advanced Micro Devices, Inc.	66.66%	CPA®:16 - 33.34%	84,146		66,173		17,973		56,092		44,111		11,981
Builders Firstsource, Inc.	40.00%	CPA®:16 - 60%	13,076		931		12,145		5,230		372		4,858
C1000 Logistiek Vastgoed B.V.	15.00%	CPA®:17 - 85%	191,368		100,139		91,229		28,705		15,021		13,684
Consolidated Systems, Inc.	60.00%	CPA®:16 - 40%	16,292		11,237		5,055		9,775		6,742		3,033
Del Monte Corporation	50.00%	CPA®:16 - 50%	12,791		11,045		1,746		6,396		5,522		873
Eroski Sociedad Cooperativa	70.00%	CPA®:17 - 30%	30,812		131		30,682		21,569		92		21,477
Hellweg Die Profi-Baumärkte GmbH & Co. KG (Hellweg 1)	75.00%	CPA®:16 - 25%	185,240		91,916		93,324		138,930		68,937		69,993
Hellweg Die Profi-Baumärkte GmbH & Co. KG (Hellweg 2)	40.00%	CPA®:16 - 27%; CPA®:17 -33%	404,166		346,806		57,360		162,560		139,289		23,271
PETsMART, Inc.	30.00%	CPA®:16 - 70%	25,988		19,792		6,196		7,796		5,938		1,859
Barth Europa Transporte e.K/MSR Technologies GmbH	66.67%	CPA®:16 - 33.33%	14,081		2,084		11,996		9,387		1,389		7,998
Multi-tenant property in in Conflan St Honorine, France	65.00%	CPA®:16 - 35%	27,646		24,303		3,342		17,970		15,797		2,172
Multi-tenant property in Illkirch-Graffens, France	75.00%	Third party - 25%	21,472		14,601		6,871		16,104		10,951		5,153
Multi-tenant property in Tours, France	95.00%	Third party - 5%	11,882		8,508		3,374		11,288		8,082		3,205
The New York Times Company	17.75%	CPA®:16 - 27.25 %; CPA®:17 -55%	248,316		123,566		124,750		44,076		21,933		22,143
OBI A.G.	75.00%	CPA®:16 - 25%	181,420		173,233		8,187		136,065		129,925		6,140
Pohjola Non-Life Insurance Company	60.00%	CPA®:16 - 40%	58,749		60,531		(1,782)		35,249		36,318		(1,069)
Police Prefecture, French Government	50.00%	CPA®:16 - 50%	106,735		75,979		30,756		53,368		37,990		15,378
SaarOTEC	50.00%	CPA®:16 - 50%	6,270		9,349		(3,079)		3,135		4,675		(1,539)
Schuler A.G.	66.67%	CPA®:16 - 33%	67,058		8,590		58,468		44,706		5,727		38,979
Self Storage	36.60%	Third parties - 63.4%	76,998		47,621		29,377		28,181		17,429		10,752
TietoEnator Plc	60.00%	CPA®:16 - 40%	71,155		61,697		9,458		42,693		37,018		5,675
Talaria Holdings, LLC	30.00%	CPA®:16 - 70%	49,976		27,502		22,474		14,993		8,251		6,742
Town Sports International Holdings, Inc.	44.00%	CPA®:16 - 56%	16,229		9,295		6,934		7,141		4,090		3,051
True Value Company	50.00%	CPA®:16 - 50%	160,151		68,233		91,917		80,075		34,117		45,959
U-Haul Moving Partners, Inc. and Mercury Partners, L.P.	57.69%	CPA®:16 - 30.77%; CPA®17 - 11.54%	471,495		210,634		260,861		272,006		121,515		150,491
US Airways	74.58%	Third party - 25.42%	29,793		19,888		9,905		22,219		14,832		7,387
Vacant - Carlsbad, CA	50.00%	CPA®:16 - 50%	21,693		551		21,142		10,846		275		10,571
Waldaschaff Automotive GmbH and Wagon Automotive Nagold GmbH	33.33%	CPA®:17 - 67%	42,953		20,881		22,072		14,316		6,960		7,357
Wanbishi	3.00%	CPA®:17 - 97%	50,942		32,972		17,969		1,528		989		539
			$	2,718,229	$	1,659,693	$	1,058,536	$	1,312,078	$	810,044	$	502,033

W. P. Carey Inc. 12/31/2012 Supplemental 8-K — 26

W. P. CAREY INC.

Owned Portfolio Analysis – Diversification by Tenant Industry (Pro Rata Basis) (Unaudited)

As of December 31, 2012

(in thousands, except percentages)

	Square Footage		Annualized Contractual Minimum Base Rent
Industry Type (a)	WPC	Percent	WPC		Percent
Retail Trade	8,601	22%	$	70,950	22%
Electronics	2,292	6%	27,280		9%
Business and Commercial Services	1,364	4%	26,146		8%
Healthcare, Education and Childcare	1,677	4%	20,399		6%
Hotels and Gaming	1,036	3%	17,752		6%
Chemicals, Plastics, Rubber, and Glass	3,110	8%	14,308		5%
Telecommunications	922	2%	13,556		4%
Buildings and Real Estate	2,180	6%	12,182		4%
Media: Printing and Publishing	1,511	4%	11,395		3%
Leisure, Amusement, Entertainment	564	1%	10,756		3%
Beverages, Food, and Tobacco	1,715	4%	10,381		3%
Transportation - Cargo	625	2%	10,112		3%
Transportation - Personal	1,367	4%	9,704		3%
Construction and Building	2,191	6%	8,840		3%
Automobile	2,091	5%	8,785		3%
Federal, State and Local Government	254	1%	6,340		2%
Machinery	1,012	3%	6,141		2%
Insurance	511	1%	5,468		2%
Consumer and Durable Goods	1,040	3%	5,350		2%
Aerospace and Defense	760	2%	4,825		2%
Other (b)	3,148	8%	16,896		5%
Vacancies	513	1%	-		0%
Total (c)	38,484	100%	$	317,566	100%

__________

(a) Based on the Moody’s Industry Classification System and information provided by the tenant.

(b) Includes rent from tenants in the following industries: grocery; banking; forest products and paper; mining, metals and primary metal industries; consumer non-durable goods; textiles, leather and apparel; and multi-tenant properties.

Portfolio Revenues - Contractual Increases (a)

(based on annualized contractual minimum base rent)

__________

(a) Pro rata rents and exchange rate as of December 31, 2012.

W. P. Carey Inc. 12/31/2012 Supplemental 8-K — 29

W. P. CAREY INC.

Owned Portfolio Analysis – Diversification by Geography (Pro Rata Basis) (Unaudited)

As of December 31, 2012

(in thousands, except percentages)

Property Type	Square Footage	Percent
U.S.
South	10,379	27%
West	6,942	18%
Midwest	5,746	15%
East	5,596	14%
U.S. Total	28,663	74%
International
Germany	3,453	9%
France	3,451	9%
Poland	1,399	4%
Other (a)	1,518	4%
International Total	9,821	26%
Total (b)	38,484	100%

Property Type	Annualized Contractual Minimum Base Rent		Percent
U.S.
South	$	70,629	22%
West	70,344		22%
East	36,442		11%
Midwest	49,496		16%
U.S. Total	226,911		71%
International
Germany	34,132		11%
France	25,263		8%
Poland	13,414		4%
Other (a)	17,846		6%
International Total	90,655		29%
Total (b)	$	317,566	100%

Portfolio Diversification by Property Type (based on squarefootage)		Portfolio Diversification by Property Type (based on annualized contractual minimum base rent)

(a) Includes assets in Belgium, Finland, the Netherlands, Spain, the United Kingdom and Japan.

(b) Excludes all operating properties.

W. P. Carey Inc. 12/31/2012 Supplemental 8-K — 30

W. P. CAREY INC.

Owned Portfolio Analysis – Lease Maturities (Pro rata Basis) (Unaudited)

As of December 31, 2012

		Square Feet		Annualized Contractual Minimum Base Rent
Year of Lease Expiration (a)	Number of Leases Expiring	(in 000’s)	As % of Total Portfolio	(in 000’s)		As % of Total Portfolio
2013 (b)	5	271	1%	$	2,850	1%
2014	20	3,710	10%	24,834		8%
2015	10	1,336	3%	16,347		5%
2016	17	2,274	6%	21,010		6%
2017	13	1,877	5%	10,656		3%
2018	17	2,688	7%	24,571		8%
2019	12	1,598	4%	25,960		8%
2020	8	2,093	5%	12,369		4%
2021	8	1,254	3%	8,714		3%
2022	15	3,500	9%	25,210		8%
2023	12	4,593	12%	38,746		12%
2024	29	6,390	17%	46,662		15%
2025	6	462	1%	5,885		2%
2026	6	646	2%	3,327		1%
2027 and thereafter	16	5,279	14%	50,425		16%
Vacant	-	513	1%	-		0%
Total (c)	194	38,484	100%	$	317,566	100%

(a) Assumes tenant does not exercise renewal option.

(b) Month-to-month properties are counted in 2013 revenue stream.

W. P. Carey Inc. 12/31/2012 Supplemental 8-K — 31

W. P. CAREY INC.

Owned Portfolio Investments and Dispositions (Unaudited)

For the Year Ended December 31, 2012

(in thousands, except square footage)

Acquisitions - Owned Portfolio (a)

Portfolio(s)

Tenant/Lease Guarantor

Property Location(s)

Purchase Price (b)

Closing Date

Property Type(s)

Gross Square
Footage

WPC

Walgreens

Virginia Beach, CA; Florence, AL; Snellville, GA; Concord, NC & Rockport, TX

24,377

September-12

Retail

73,840

WPC (3%)

Wanbishi Archives Co. Ltd. (b)

Saitama Prefecture, Japan

1,461

December-12

Warehouse/Distribution

4,564

Total Owned Portfolio Acquisitions

25,838

78,404

Dispositions - Owned Portfolio

Portfolio(s)

Tenant/Lease Guarantor

Property Location(s)

Gross Sale Price

Date

Property Type(s)

Gross Square
Footage

WPC (46%)

Médica - France, S.A. (b)

Chatou, France

124

January-12

Land

8,619

WPC

Cleo, Inc.

Memphis, TN

2,600

March-12

Warehouse/Distribution

1,006,170

WPC

L-3 Communications Titan Corp.

San Diego, CA

13,685

April-12

Office

166,403

WPC (46%)

Médica - France, S.A. (b)

Chatou, Paris, Poissy, Rosny sous Bois, Rueil Malmaison & Sarcelles, France

40,854

April-12

Nursing Home

154,295

WPC

Vacant

Brewton, AL

May-12

Retail

30,625

WPC

Vacant

Charlotte, NC

9,625

June-12

Industrial

437,000

WPC

United States Postal Service

Bloomingdale, IL

3,100

August-12

Office

116,000

WPC

Vacant

Jacksonville, FL

3,875

August-12

Warehouse/Distribution

240,000

WPC

Broomfield Properties Corporation

Broomfield, CO

750

September-12

Land

101,086

WPC

Broomfield Properties Corporation

Broomfield, CO

October-12

Land

1,165

WPC

The Sports Authority

Plano, TX

2,100

November-12

Retail

47,054

WPC

United Stationers

San Antonio, TX

2,700

November-12

Warehouse/Distribution

63,098

WPC

Multi-Tenant

Houston, TX

1,550

November-12

Industrial

49,640

WPC

Multi-Tenant

Beaumont, TX

1,500

November-12

Office

48,654

WPC

BE Aerospace

Miami, FL

26,000

December-12

Office;

188,065

Warehouse/Distribution

WPC

Multi-Tenant

Webster, TX

1,550

December-12

Warehouse/Distribution

91,800

WPC

Multi-Tenant

Webster, TX

4,200

December-12

Industrial

108,578

WPC

United Stationers

New Orleans, LA

2,500

December-12

Warehouse/Distribution

59,560

Total Owned Portfolio Dispositions

116,796

2,917,812

(a) Acquisitions exclude the $126 million Marcourt portfolio and properties acquired from CPA®:15 in connection with the Merger.

(b) Acquisition and disposition prices reflects applicable foreign exchange rate.

W. P. Carey Inc. 12/31/2012 Supplemental 8-K — 32

Managed REITs - Acquisitions (Unaudited)

For the Year Ended December 31, 2012

(in thousands, except square footage)

Acquisitions - Leased Properties

Portfolio(s)

Tenant/Lease Guarantor

Property Location(s)

Purchase Price (a)

Closing Date

Property Type(s)

Gross Square
Footage

CPA®:17 Global

Blue Cross and Blue Shield of Minnesota, Inc.

Aurora, Eagan & Virginia, MN

168,998

January-12

Office

1,131,469

CPA®:17 - Global

Sabre Communications Corporation and Cellxion, LLC

Alvarado, TX

4,964

March-12 & June-12

Industrial

44,250

CPA®:17 Global

Nippon Sheet Glass Co., Ltd. (b)

Tarnobrzeg, Poland

26,579

April-12

Warehouse/Distribution

379,126

CPA®:17 - Global

Sabre Communications Corporation and Cellxion, LLC (c)

Sioux City, IA

17,801

June-12

Industrial

300,000

CPA®:17 Global

Clayco Inc.

St. Louis, MO

6,918

July-12

Office

84,709

CPA®:17 - Global

Bearing Technologies, Ltd.

Avon, OH

7,046

August-12

Industrial

115,726

CPA®:17 Global

Shale-Inland Holdings LLC

Elk Grove Village, IL

14,590

August-12

Industrial

273,681

CPA®:17 - Global

South University

Montgomery, AL & Savannah, GA

24,952

September-12

Education

131,129

CPA®:17 Global

RLJ-McLarty-Landers Automotive Holdings, LLC

Various locations in Alabama, Arkansas, Louisiana, Missouri, Tennessee, & Texas

68,748

September-12

Automotive Dealership

377,164

CPA®:17 - Global

R.R. Donnelley & Sons Company

Warrenville, IL

36,285

September-12

Office

167,215

CPA®:17 Global

Syncreon Logistics Polska Sp. (b) (c)

Zary, Poland

8,345

September-12

Office & Warehouse/Distribution

118,403

CPA®:17 - Global

Cuisine Solutions, Inc. (d)

Sterling, VA

26,428

October-12

Industrial

163,110

CPA®:17 Global

Walgreens

Las Vegas, NV

39,684

October-12

Retail

115,188

CPA®:17 - Global

IDL Master Tenant, LLC (c)

Orlando, FL

113,613

November-12

Retail

249,580

CPA®:17 Global

KBR, Inc.

Houston, TX

174,857

November-12

Office

1,633,748

CPA®:17 - Global

Argosy Education Group, Inc.

Eagan, MN

15,666

December-12

Education

88,165

CPA®:17 Global

Wanbishi Archives Co. Ltd. (b)

Saitama Prefecture, Japan

47,223

December-12

Warehouse/Distribution

147,573

CPA®:17 - Global

Agrokor d.d. (b)

Croatia

45,739

December-12

Retail

278,229

Total Acquisitions - Leased Properties

848,436

5,798,465

W. P. Carey Inc. 12/31/2012 Supplemental 8-K — 33

Acquisitions - Self Storage

Portfolio(s)

Property Type

Property Location(s)

Purchase Price (a)

Closing Date

CPA®:17 Global

Self-Storage Facilities

Various locations in Alabama, Louisiana & Mississippi

16,800

June-12

CPA®:17 - Global

Self-Storage Facilities

Cherry Valley, IL

3,175

July-12

CPA®:17 Global

Self-Storage Facility

Fayetteville, NC

5,350

September-12

CPA®:17 - Global

Self-Storage Facilities

Tampa, FL

24,970

November-12

CPA®:17 Global

Self-Storage Facilities

Midland, TX; Odessa, TX

32,600

December-12

Total Acquisitions - Self-Storage Properties

82,895

Acquisitions - Other

Portfolio(s)

Security Type

Company

Purchase Price (a)

Closing Date

CPA®:17 Global

Equity Securities

Lineage Logistics Holdings LLC

7,070

June-12

CPA®:17 - Global

Equity Securities

BPS Parent, LLC

31,447

October-12

Total Acquisitions - Equity Securities

38,517

CPA®:17 Global

Loan (e)

IDL Wheel Tenant, LLC

1,769

November-12

CPA®:17 - Global

Loan (e)

Shelborne

63,890

December-12

Total Acquisitions - Loans

65,659

Acquisitions - Hospitality

Portfolio(s)

Property Type

Property Location(s)

Purchase Price (a)

Closing Date

CWI

Hospitality

Braintree, MA

12,500

May-12

CWI

Hospitality

New Orleans, LA

14,947

June-12

CWI

Hospitality

Lake Arrowhead, CA

26,500

July-12

CWI

Hospitality

Atlanta, GA

33,100

October-12

CWI

Hospitality

San Diego, CA

85,000

December-12

Total Acquisitions - Hospitality

172,047

Total Acquisitions

1,207,554


(a)	Includes capitalized transaction costs, where applicable.
(b)	Acquisition price reflects applicable foreign exchange rate.
(c)	Acquisition includes a build-to-suit (“BTS”) transaction. Purchase price represents total commitment for BTS funding. As at December 31, 2012, $11.8 million, $8.3 million and $49.0 million has been funded for Sabre Communications, Syncreon Logistics and IDL Master Tenant, respectively. Gross square footage amounts represent estimates.
(d)	Purchase price includes $9.6 million that CPA®:17 – Global held in escrow and will release to seller upon completion of certain property improvements.
(e)	Purchase price represents the amount funded as at December 31, 2012. The total loan commitments are $50.5 million and $125 million for IDL Wheel Tenant, LLC and Shelborne, respectively.

W. P. Carey Inc. 12/31/2012 Supplemental 8-K — 34

W. P. CAREY INC.

Managed REITS - Dispositions (Unaudited)

For the Year Ended December 31, 2012

(in thousands, except square footage)

Dispositions

Portfolio(s)

Tenant/Lease Guarantor

Property Location(s)

Gross Sale Price

Date

Property Type

Gross Square
Footage

CPA®:16 - Global

Sovereign Bank

Bourne, Sandwich & Wareham, MA

3,173

January-12

Retail

19,693

CPA®:15 (54%)

Médica - France, S.A. (a)

Chatou, France

146

January-12

Land

10,200

CPA®:16 - Global

American Tire Distributors

Charlotte, NC

1,500

February-12

Warehouse/Distribution

120,200

CPA®:17 - Global

Dogencorp, LLC

Choudrant, Gardner, Mangham, Mount Hermon & Richwood, LA; Vass, NC; & Chesterfield, Hopewell & Hot Springs, VA

12,922

February-12 & March-12

Retail

99,363

CPA®:15 (67%); CPA®:16 - Global (33%)

Barth Europa Transporte (a)

Laupheim, Germany

3,961

February-12

Industrial

67,358

CPA®:15

Vacant

Virginia Beach, VA

18,200

February-12

Warehouse/Distribution

774,473

CPA®:16 - Global

McLane Foodservice, Inc.

Manassas, VA

7,500

March-12

Warehouse/Distribution

100,337

CPA®:15

Vacant (a)

Little Germany, United Kingdom

3,387

April-12

Office

41,432

CPA®:15 (54%)

Médica - France, S.A. (a)

Chatou, Paris, Poissy, Rosny sous Bois, Rueil Malmaison & Sarcelles, France

52,787

April-12

Nursing Home

182,594

CPA®:16 - Global

Rome Die Casting, LLC

Rome, GA

450

April-12

Industrial

117,500

CPA®:16 - Global

PolyPipe, Inc.

Fernley, NV

2,700

May-12

Industrial

31,648

CPA®:16 - Global

Vacant

Milford, OH

4,127

June-12

Warehouse/Distribution

437,000

CPA®:15

Shaklee Corporation

Pleasanton, CA

11,100

June-12

Land

366,775

CPA®:15 (50%); CPA®:16 - Global (50%)

Vacant

Carlsbad, CA

3,606

July-12

Warehouse/Distribution

24,056

CPA®:16 - Global

Vanguard National Trailer Corp.

Monon, IN

950

October-12

Warehouse/Distribution

145,436

CPA®:16 - Global

Vacant

Denver, CO

3,050

November-12

Industrial

63,773

Total Dispositions

129,559

2,601,838


(a)	Disposition price reflects applicable foreign exchange rate.

W. P. Carey Inc. 12/31/2012 Supplemental 8-K — 35

W. P. Carey Inc.

Tenants By Annualized Contractual Minimum Base Rent (Pro Rata Basis - Unaudited)

As of December 31, 2012

Tenant	Location(s)	Number of Locations	Square Feet	Annualized Rent (in 000’s)		Annualized Rent as a % of Total	Increase Factor	Property Type	Industry
Hellweg Die Profi-Baumarkte GmbH & Co KG	Germany	53	2,308,190	$	26,083	8.2%	CPI	Retail	Retail Stores
U-Haul Moving Partners, Inc. and Mercury Partners, L.P.	AL; AZ; CO; FL; GA; IL; IN; KS; LA; MA; MD; MN; MO; MS; NC; NJ; NM; NV; NY; OH; OK; TN; TX; VA	78	3,354,247	18,742		5.9%	CPI	Self-Storage	Buildings and Real Estate, Transportation - Personal
Marriott International, Inc.	CA; FL; IL; IN; KY; MD; NJ; NM; WA	12	1,036,203	17,752		5.6%	Other	Other Properties	Hotels and Gaming
Carrefour France, SAS	France	8	2,939,955	16,794		5.3%	CPI ; Fixed	Warehouse/Distribution	Retail Stores
OBI A.G.	Poland	18	1,398,508	13,414		4.2%	CPI	Retail	Retail Stores
Universal Technical Institute	Avondale, AZ; Rancho Cucamonga, CA; Flendale Heights, IL; Exton PA	5	806,909	10,108		3.2%	CPI; Fixed	Other Properties	Healthcare, Education and Childcare
Federal Express Corporation	Collierville, TN; College Station, TX; Corpus Christi, TX	3	432,672	7,574		2.4%	CPI; Fixed	Office; Warehouse/Distribution	Transportation - Cargo
True Value Company	Kingman, AZ; Woodland, CA; Jonesboro, GA; Kansas City, MO; Springfield, OR; Fogelsville, PA; Corsicana, TX	7	1,814,078	7,101		2.2%	Fixed	Industrial; Warehouse/Distribution	Construction and Building
Foster Wheeler AG	Clinton, NJ	1	292,000	6,511		2.0%	CPI	Office	Business and Commercial Services
Pohjola Non-Life Insurance Company LTD	Finland	1	510,600	5,468		1.7%	CPI	Office	Insurance
Fiserv, Inc.	Norcross, GA	1	220,676	5,342		1.7%	CPI; Fixed	Land; Office	Business and Commercial Services
Tieto Enator	Finland	2	279,890	5,195		1.6%	CPI	Office	Electronics
Schuler AG	Germany	1	497,719	4,727		1.5%	CPI	Industrial	Machinery
LifeTime Fitness	Rochester Hills, MI; Canton, MI	2	278,982	4,672		1.5%	Fixed	Other Properties	Leisure, Amusement, Entertainment

W. P. Carey Inc. 12/31/2012 Supplemental 8-K — 36

W. P. Carey Inc.

Tenants By Annualized Contractual Minimum Base Rent (Pro Rata Basis - Unaudited) (Continued)

As of December 31, 2012

Tenant	Location(s)	Number of Locations	Square Feet	Annualized Rent (in 000’s)	Annualized Rent as a % of Total	Increase Factor	Property Type	Industry
New York Times	New York, NY	1	126,420	4,489	1.4%	Fixed	Office	Media: Printing and Publishing
Prefecture de Police	France	1	120,668	4,481	1.4%	CPI	Office	Federal, State and Local Government
Dr. Pepper Snapple Group	Irving, TX; Houston, TX	2	721,947	4,464	1.4%	CPI	Industrial	Beverages, Food, and Tobacco
Omnicom Group, Inc.	Playa Vista, CA	1	120,000	4,346	1.4%	CPI	Office	Business and Commercial Services
Oriental Trading Company, Inc.	La Vista, NE	1	736,209	4,215	1.3%	CPI	Warehouse/Distribution	Consumer and Durable Goods
HP Enterprise Services, LLC	Louisville, CO	1	403,871	4,185	1.3%	CPI	Industrial	Telecommunications
24 Hour Fitness USA, Inc.	Englewood, CO; Memphis, TN; Austin, TX; Bedford, TX	4	181,345	3,994	1.3%	CPI; Fixed	Other Properties	Leisure, Amusement, Entertainment
Berry Plastics Corporation	Tolleson, AZ; Alsip, IL; Solvay, NY	4	941,132	3,992	1.3%	CPI	Industrial	Chemicals, Plastics, Rubber, and Glass
Advanced Micro Devices	Sunnyvale, CA	1	120,655	3,981	1.3%	CPI	Industrial	Electronics
JPMorgan Chase Bank	Fort Worth, TX	1	384,246	3,939	1.2%	CPI	Office	Banking
Amylin Pharmaceuticals, Inc.	San Diego, CA	2	144,311	3,844	1.2%	Fixed	Office	Business and Commercial Services
Hologic, Inc.	Danbury, CT; Bedford, MA	2	269,042	3,816	1.2%	CPI	Industrial	Electronics
Konica Minolta Business Solutions U.S.A., Inc.	St. Petersburg, FL	2	337,727	3,815	1.2%	CPI	Office	Electronics
Dick’s Sporting Goods, Inc.	Greenwood, IN; Freehold, NJ; Buffalo, NY	4	340,970	3,377	1.1%	CPI; Fixed	Retail	Retail Stores
Orbital Sciences Corporation	Chandler, AZ	1	355,307	3,307	1.0%	CPI	Industrial	Aerospace and Defense
Rexam Consumer Plastics, Inc.	St. Petersburg, FL; Buffalo Grove, IL; West Lafayette, IN; Excelsior Springs, MO; North Versailles, PA	5	616,031	3,243	1.0%	CPI	Industrial	Chemicals, Plastics, Rubber, and Glass

W. P. Carey Inc. 12/31/2012 Supplemental 8-K — 37

W. P. Carey Inc.

Tenants By Annualized Contractual Minimum Base Rent (Pro Rata Basis - Unaudited) (Continued)

As of December 31, 2012

Tenant	Location(s)	Number of Locations	Square Feet	Annualized Rent (in 000’s)	Annualized Rent as a % of Total	Increase Factor	Property Type	Industry
MBM-Beef	Orlando, FL; Rocky Mount, NC; Lewisville, TX	4	555,820	3,016	0.9%	Fixed	Warehouse/Distribution	Beverages, Food, and Tobacco
Shaklee Corporation	Pleasanton, CA	1	112,000	2,954	0.9%	Fixed	Office	Healthcare, Education and Childcare
US Airways Group, Inc.	Tempe, AZ	1	167,890	2,937	0.9%	CPI	Office	Transportation - Personal
Tower Automotive	Auburn, IN; Blufton, OH; Milan, TN	3	844,166	2,919	0.9%	CPI	Industrial	Automobile
Bouygues Telecom	France	2	105,792	2,824	0.9%	CPI	Office	Telecommunications
SymphonyIRI Group, Inc.	Chicago, IL	1	159,600	2,446	0.8%	CPI	Office	Business and Commercial Services
MediMedia USA, Inc.	Lower Makefield, PA	1	107,000	2,331	0.7%	CPI	Office	Media: Printing and Publishing
C1000 Logistiek Vastgoed B.V.	Netherlands	6	307,029	2,285	0.7%	CPI	Warehouse/Distribution	Grocery
AutoZone, Inc.	AL; FL; GA; IL; LA; MO; NC; NM; SC; TN; TX	54	302,230	2,217	0.7%	Fixed; None	Retail	Retail Stores
Google Inc.	Venice, CA	1	67,681	2,055	0.6%	Fixed	Office	Telecommunications
Sybron Dental Specialties, Inc.	Glendora, CA; Romulus, MI	2	245,000	2,009	0.6%	CPI	Office; Industrial	Healthcare, Education and Childcare
Unisource Worldwide, Inc.	Anchorage, AK; Commerce, CA	2	456,273	1,926	0.6%	Fixed	Warehouse/Distribution	Forest Products and Paper
Overland Storage Inc	San Diego, CA	1	91,300	1,924	0.6%	Fixed	Office	Electronics
Childtime / Learning Care Group, Inc.	AZ; CA; IL; MI; TX	13	92,234	1,881	0.6%	CPI	Other Properties	Healthcare, Education and Childcare
Merit Medical Systems, Inc.	South Jordan, UT	1	172,925	1,877	0.6%	CPI	Industrial	Healthcare, Education and Childcare
Grande Communications Networks, Inc.	Corpus Christi, TX; Odessa, TX; San Marcos, TX; Waco, TX	5	134,009	1,867	0.6%	CPI	Office	Telecommunications
Gestamp	McCalla, AL	1	390,000	1,841	0.6%	CPI	Industrial	Automobile

W. P. Carey Inc. 12/31/2012 Supplemental 8-K — 38

W. P. Carey Inc.

Tenants By Annualized Contractual Minimum Base Rent (Pro Rata Basis - Unaudited) (Continued)

As of December 31, 2012

Tenant	Location(s)	Number of Locations	Square Feet	Annualized Rent (in 000’s)		Annualized Rent as a % of Total	Increase Factor	Property Type	Industry
Reynolds Group Holdings LTD	Mooresville, NC	1	384,600	1,800		0.6%	CPI	Industrial	Chemicals, Plastics, Rubber, and Glass
Eroski Sociedad Cooperativa	Spain	1	138,383	1,772		0.6%	CPI	Warehouse/Distribution	Grocery
World Color Printing (USA) Corp.	Doraville, GA	1	432,559	1,771		0.6%	CPI	Industrial	Media: Printing and Publishing
Del Monte Corporation	Mendota, IL; Yakima, WA; Toppenish, WA; Plover, WI	4	367,883	1,763		0.6%	CPI	Warehouse/Distribution	Beverages, Food, and Tobacco
Walgreens Co.	Florence, AL; Snellville, GA; Concord, NC; Rockport, TX; Virginia Beach, VA	5	73,840	1,741		0.5%	None	Retail	Retail Stores
Kerr Corporation	Bowling Green, KY; Jackson, TN	2	367,965	1,736		0.5%	Fixed	Industrial	Chemicals, Plastics, Rubber, and Glass
EADS North America, Inc.	Irvine, CA	1	98,631	1,708		0.5%	Fixed	Office	Electronics
Plexus Corp.	Neenah, WI	1	179,250	1,699		0.5%	CPI	Industrial	Electronics
Barnes & Noble, Inc.	Farmington, CT; Braintree, MA	2	41,261	1,698		0.5%	Fixed	Retail	Retail Stores
Belgium Government	Belgium	1	122,335	1,626		0.5%	CPI	Office	Federal, State and Local Government
IntegraColor, Ltd.	Mesquite, TX	1	358,987	1,625		0.5%	CPI	Warehouse/Distribution	Media: Printing and Publishing
Lowes Home Improvement Warehouse	Bellevue, WA	1	143,352	1,615		0.5%	CPI	Retail	Retail Stores
Vacant (a)		8	513,433	-		-
Others		70	8,860,349	44,735		14.1%
Total (b)		423	38,484,286	$	317,566	100%

(a) Number of locations includes properties that are partially vacant.

(b) Excludes all operating properties.

W. P. Carey Inc. 12/31/2012 Supplemental 8-K — 39

Highlights
Company Overview		1
Financial and Operational Statistics		2

Financial Information
Consolidated Balance Sheets		3
Consolidated Statements of Income		4
Reconciliation of Net Income to Funds from Operations - as Adjusted (AFFO)		5
Reconciliation of GAAP Net Income to AFFO - Three Months Ended December 31, 2012		8
Reconciliation of GAAP Net Income to AFFO - Year Ended December 31, 2012		10
Reconciliation of Net Income to EBITDA - as Adjusted		12
Adjusted Revenue Analysis		14
Total Adjusted Revenue - W. P. Carey Group		16
Adjusted General and Administrative		18
Business Segment and Financial Information		19
Lease Revenues and Property Expenses		20

Capitalization
Portfolio Debt Overview		21
Detailed Debt Summary		22
Selected Data for the Managed REITs		25
Joint Venture Information		26

WPC Inc. Portfolio Information
Owned Portfolio Analysis - Diversification by Rent and Historical Occupancy		27
Owned Portfolio Analysis - Diversification by Property Type		28
Owned Portfolio Analysis - Diversification by Tenant Industry		29
Owned Portfolio Analysis - Diversification by Geography		30
Owned Portfolio Analysis - Lease Maturities		31

2012 Investment Activity
Owned Portfolio - Investments and Dispositions		32
Managed REITs - Acquisitions		33
Managed REITs - Dispositions		35

Tenants by Annualized Contractual Minimum Base Rent		36

Tenant / Lease Guarantor	Annualized Contractual Minimum Base Rent		Percent
Hellweg Die Profi-Baumarkte GmbH & Co KG (a)	$	26,083	8%
U-Haul Moving Partners, Inc. and Mercury Partners, L.P.	18,742		6%
Marriott International, Inc.	17,752		6%
Carrefour France, SAS (a)	16,794		5%
OBI A.G. (a)	13,414		4%
Universal Technical Institute	10,108		3%
Federal Express Corporation	7,574		3%
True Value Company	7,101		2%
Foster Wheeler AG	6,511		2%
Pohjola Non-Life Insurance Company LTD (a)	5,468		2%
Total	$	129,547	41%

Weighted-Average Lease Term for Portfolio	8.9 years