W. P. Carey (WPC) 8-K W. P. Carey & Co. LLC Supplemental Disclosure Report

EXHIBIT 99.1

W. P. Carey & Co. LLC
Supplemental Disclosure Report

For the Quarter Ended
September 30, 2006

Important Disclosures About this Report

Important Note Regarding Non-GAAP Financial Measures

This supplemental disclosure report contains references to W. P. Carey & Co. LLC’s definition of funds from operations (FFO), which is a non-GAAP financial measure. The National Association of Real Estate Investment Trusts (NAREIT) defines funds from operations as net income computed in accordance with generally accepted accounting principles (GAAP), excluding gains or losses from sales of property, plus real estate depreciation and amortization, and after adjustments for unconsolidated partnerships and joint ventures. W. P. Carey & Co. LLC calculates its FFO in accordance with this definition and then makes adjustments to add back certain non-cash charges to earnings, such as the amortization of intangibles, stock compensation and impairment charges on real estate, resulting in its FFO. W. P. Carey & Co. LLC considers its definition of FFO to be an appropriate supplemental measure of operating performance because, by excluding these non-cash charges, it can be a helpful tool to assist in the comparison of the operating performance of W. P. Carey & Co. LLC’s real estate between periods, or as compared to different companies. W. P. Carey & Co. LLC’s definition of FFO should not be considered as an alternative to net income as an indication of its operating performance or to net cash provided by operating activities as a measure of its liquidity. FFO and adjusted FFO disclosed by other REITs (real estate investment trust) may not be comparable to W. P. Carey & Co. LLC’s FFO calculation.

Forward-looking Statements

This supplemental disclosure report contains certain forward-looking statements relating to W. P. Carey & Co. LLC. As used in this supplemental disclosure report, the terms “the Company,” “we,” “us” and “our” include W. P. Carey & Co. LLC, its consolidated subsidiaries and predecessors, unless otherwise indicated. Forward-looking statements discuss matters that are not historical facts. Because they discuss future events or conditions, forward-looking statements may include words such as “anticipate,” “believe,” “expect,” “estimate,” “intend,” “could,” “should,” “would,” “may,” “seeks,” “plans” or similar expressions. Do not unduly rely on forward-looking statements. They give our expectations about the future and are not guarantees, and speak only as of the date they are made. Such statements involve known and unknown risks, uncertainties and other factors that may cause our actual results, performance or achievement to be materially different from the results of operations or plan expressed or implied by such forward-looking statements. Accordingly, such information should not be regarded as representations that the results or conditions described in such statements or that our objectives and plans will be achieved.

W. P. CAREY & CO. LLC

Supplemental Disclosure Report for the Quarter ended September 30, 2006

Contents	Page
CORPORATE PROFILE:
Company Overview		5
Third Quarter September 30, 2006 Results		6
Financial Highlights		7
FINANCIAL ANALYSIS:
Reconciliation of Net Income to FFO and FAD Analysis		9
Debt Structure Analysis		10
Total Capitalization Analysis		11
Revenue Diversification Analysis		12
Revenue Stability Analysis		13
Selected Financial Ratios Analysis		14
Portfolio Debt Summary		15
Mortgage Debt Maturity Profile		16
ACQUISITIONS & DISPOSITIONS:
2006 Acquisitions Update		18
2006 Dispositions Update		19
PORTFOLIO ANALYSIS:
Portfolio Diversification Analysis by Rent Contribution		21
Portfolio Diversification Analysis by Property Type		22
Portfolio Diversification Analysis by Tenant Industry		23
Portfolio Diversification Analysis by Geography		24
Portfolio Lease Maturity Analysis		25
EXHIBITS:
Consolidated Balance Sheets	Exhibit A
Consolidated Statements of Income	Exhibit B
Consolidated Statements of Cash Flows	Exhibit C
Quarterly Reconciliation of Net Income to Funds from Operations	Exhibit D
Detailed Property Summary	Exhibit E

CORPORATE PROFILE

SECTION: CORPORATE PROFILE

W. P. CAREY & CO. LLC

Company Overview
September 30, 2006

STOCK DATA

Exchanges	NYSE & PCX
Ticker	WPC
Closing Price Range three months ended September 30, 2006	$24.20 - $27.90
Listed Shares Outstanding as of September 30, 2006	38,117,923

BANKS

JPMorgan Chase Bank — Administrative Agent
The Bank of New York — Syndication Agent
PNC Bank, N.A. — Syndication Agent
Wells Fargo Bank, N.A. — Syndication Agent
Bank of America, N.A. — Documentation Agent

INDEPENDENT AUDITORS
PricewaterhouseCoopers LLP

RESEARCH COVERAGE
A. G. Edwards & Sons, Inc.

COMPANY CONTACTS

Mark DeCesaris
Managing Director, Acting Chief Financial Officer
Susan C. Hyde
Executive Director, Director of Investor Relations
Gagan Singh
First Vice President, Finance
Julie Dwyer
Analyst

EXECUTIVE OFFICES

50 Rockefeller Plaza
New York, NY 10020
Tel: 1-800-WPCAREY or (212) 492-1100
Fax: (212) 492-8922
Web Site Address:www.wpcarey.com

Ticker: WPC
 
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SECTION: CORPORATE PROFILE

W. P. CAREY & CO. LLC

Third Quarter and Nine Months Ended 2006 Results

Financial Results

Net income for the three-month period remained unchanged at $14.3 million with the same period in 2005. Net income for the nine-month period increased 15% to $42.7 million, as compared to $37.1 million for the same period in 2005.

Diluted earnings per share (EPS) for the three-month period remained unchanged at $0.37 as compared to the same period in 2005. Diluted earnings per share for the nine-month period increased 16% to $1.10 as compared to $0.95 for the same period in 2005.

Funds from Operations (FFO) for the three-month period decreased 9% to $23.3 million, or $0.59 per diluted share, as compared to $25.6 million, or $0.66 per diluted share, for the comparable period in 2005. FFO for the nine-month period decreased 1% to $73.7 million, or $1.89 per diluted share, as compared to $74.3 million, or $1.90 per diluted share, for the comparable period in 2005.

Income from continuing operations for the three-month period increased 7% to $14.4 million, as compared to $13.5 million for the same period in 2005. Income from continuing operations for the nine-month period increased 20% to $47.5 million, as compared to $39.7 million for the same period in 2005.

Cash flows from operating activities for the nine-month period increased 7% to $48.9 million, as compared to $45.9 million for the comparable period in 2005.

Dividend Increase

The Board of Directors raised the quarterly cash distribution to $0.456 per share, which was paid on October 13, 2006 to shareholders of record on September 30, 2006.

Investment Highlights

For the three-month period ended September 30, 2006, the Company structured five investments totaling $113 million, on behalf of CPA®:16 — Global, as compared to six investments totaling $153 million, on behalf of CPA®:14, CPA®:15 and CPA®:16 — Global, for the comparable period in 2005. For the nine-month period ended September 30, 2006, the Company completed 13 investments totaling $451 million, on behalf of CPA®:15 and CPA®:16 — Global, as compared to 23 investments totaling $780 million, on behalf of CPA®:14, CPA®:15 and CPA®:16 — Global, for the comparable period in 2005.

Ticker: WPC  
 
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SECTION: CORPORATE PROFILE

W. P. CAREY & CO. LLC

Financial Highlights
(in thousands, except share and per share data)

	For the Nine Months			For the Nine Months			For the Quarter			For the Quarter
	Ended			Ended			Ended			Ended
	September 30, 2006			September 30, 2005			September 30, 2006			September 30, 2005
Operations
Total Revenues from Continuing Operations	$	158,141		$	130,558		$	52,604		$	41,448
Net Income	$	42,674		$	37,116		$	14,305		$	14,328
Funds From Operations (FFO)	$	73,654		$	74,324		$	23,273		$	25,606
Per Share
FFO (Diluted)	$	1.89		$	1.90		$	0.59		$	0.66
Dividends Declared	$	1.362		$	1.338		$	0.456		$	0.448
Pay Out Ratio (Dividends Declared/FFO)		72.1	%		70.4	%		77.3	%		67.9	%
Weighted Average Listed Shares Outstanding (Diluted)		39,215,134			39,100,233			39,303,948			38,948,980
Balance Sheet	As of 9/30/06			As of 9/30/05
Total Assets	$	996,613		$	967,474
Limited Recourse Mortgage Debt(1)	$	251,654		$	172,575
Credit Facility	$	—		$	78,000
Members’ Equity	$	601,409		$	613,564
Stock Data
Price Range	$	24.20 - $28.08		$	26.42 - $35.52
Dividend Yield Range		6.50% - 7.54	%		5.87% - 6.72	%
Average Trading Volume		22,528			38,239
Price/Estimated FFO(2)		10.51			10.02

(1)	Excludes pro rata mortgage debt of equity investments and minority interests. See the Portfolio Debt Summary on page 15 for details.
(2)	Based on a stock price of $28.89 on October 31, 2006 and 2006 analyst FFO forecast of $2.75.

Ticker: WPC
 
 
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FINANCIAL ANALYSIS

SECTION: FINANCIAL ANALYSIS

W. P. CAREY & CO. LLC

Reconciliation of Net Income to Funds From Operations (FFO) & FAD Analysis
(in thousands, except share and per share data)

	For the Nine Months			For the Nine Months			For the Quarter			For the Quarter
	Ended			Ended			Ended			Ended
	September 30, 2006			September 30, 2005			September 30, 2006			September 30, 2005
Net income	$	42,674		$	37,116		$	14,305		$	14,328
Loss(gain) on sale of real estate		185			(9,119	)		185			—
FFO of equity investees in excess of equity income		7,646			7,525			1,646			2,690
Depreciation, amortization, deferred taxes and other non-cash charges		18,045			20,698			6,529			7,957
FFO applicable to minority investees in excess of minority income		(596	)		(419	)		(178	)		(193	)
Straight-line rents		2,343			2,702			786			824
Impairment charges		3,357			15,821			—			—
Funds From Operations (FFO)	$	73,654		$	74,324		$	23,273		$	25,606
Weighted Average Listed Shares Outstanding
Basic		37,880,778			37,663,712			38,034,590			37,727,008
Diluted		39,215,134			39,100,233			39,303,948			38,948,980
FFO per Share
Basic	$	1.94		$	1.97		$	0.61		$	0.68
Diluted	$	1.89		$	1.90		$	0.59		$	0.66
Pay Out Ratio (Dividend/FFO)		72.1	%		70.4	%		77.3	%		67.9	%
Funds From Operations (FFO)		73,654			74,324			23,273			25,606
Recurring and non-revenue enhancing capital expenditure		(712	)		(530	)		(155	)		(70	)
Funds Available For Distribution (FAD)	$	72,942		$	73,794		$	23,118		$	25,536
FAD Per Share
Basic	$	1.93		$	1.96		$	0.61		$	0.68
Diluted	$	1.85		$	1.89		$	0.59		$	0.66
Pay Out Ratio (Dividend/FAD)		73.6	%		70.9	%		77.3	%		67.9	%

Ticker: WPC
 
 
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SECTION: FINANCIAL ANALYSIS

W. P. CAREY & CO. LLC

Debt Structure Analysis
(in thousands)

Debt Structure

June 30, 2006
Limited Recourse Mortgage Debt(1)	$	290,243	99	%
Credit Facility		2,000	1	%
Total Debt	$	292,243	100	%

Debt Structure — June 30, 2006

September 30, 2006
Limited Recourse Mortgage Debt(1)	$	287,837	100	%
Credit Facility		—	0	%
Total Debt	$	287,837	100	%

Debt Structure — September 30, 2006

(1) Adjusted for pro rata mortgage debt of equity investments and minority interests. See Portfolio Debt Summary on page 15 for details.

Ticker: WPC
 
 
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SECTION: FINANCIAL ANALYSIS

W. P. CAREY & CO. LLC

Total Capitalization Analysis
September 30, 2006
(in thousands)

Total Market Capitalization Analysis
Equity Market Capitalization of Listed Shares (1)	$	1,135,491	80	%
Limited Recourse Mortgage Debt (2)		287,837	20	%
Credit Facility		—	0	%
Total Debt		287,837	20	%
Total Market Capitalization (3)	$	1,423,327	100	%

Total Market Capitalization

Total Book Value Capitalization Analysis
Members’ Equity	$	601,409	68	%
Limited Recourse Mortgage Debt (2)		287,837	32	%
Credit Facility		—	0	%
Total Debt		287,837	32	%
Total Book Value Capitalization (3)	$	889,246	100	%

Total Book Value Capitalization

(1)	Stock price of $28.89 is as of October 31, 2006. Diluted shares outstanding of 39,303,948 for the three months ended September 30, 2006.
(2)	Adjusted for pro rata mortgage debt of equity invesments and minority interests. See the Portfolio Debt Summary on page 15 for details.
(3)	Numbers may not add up due to rounding.

Ticker: WPC www.wpcarey.com

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SECTION: FINANCIAL ANALYSIS

W. P. CAREY & CO. LLC

Revenue Diversification Analysis(GAAP Modified)
(in thousands)

Three Months Ended
September 30, 2006
Revenues from Real Estate Business(1)	$	22,032	41	%
Revenues from Management Business(2)(3)		31,559	59	%
Total Revenues	$	53,591	100	%

Revenue Diversification
Three Months Ended September 30, 2006

Nine Months Ended
September 30, 2006
Revenues from Real Estate Business (1)	$	65,695	41	%
Revenues from Management Business (2)(3)		95,920	59	%
Total Revenues	$	161,615	100	%

Revenue Diversification
Nine Months Ended September 30, 2006

Definitions

(1)	Revenues from Real Estate Business (continuing and discontinued operations) = rental income + interest income from direct financing leases + other interest income + other income + revenues of other business operations.
(2)	Revenues from Management Business = asset management revenue + structuring revenue + reimbursements revenue from CPAÒREITs.
(3)	Revenues from Management Business increased primarily as a result of broker-dealer commissions from CPA® :16 Global Offering. Such revenues are offset by a corresponding expense and therefore have no impact on net income

Ticker: WPC www.wpcarey.com

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SECTION: FINANCIAL ANALYSIS

W. P. CAREY & CO. LLC

Revenue Stability Analysis(GAAP Modified)
(in thousands except per share data)

			Diluted
	Three Months Ended		Per
Revenue Type	September 30, 2006		Share		%
Rents (1)	$	21,047	$	0.54
Management revenue(2)		18,238	$	0.46
Rents and Management Revenue (3)		39,286	$	1.00		73	%
Structuring revenue(4)		3,099	$	0.08
Reimbursable costs (broker-dealer commissions)		10,222	$	0.26
Other income		985	$	0.02
Structuring Revenue & Other Income (3)		14,306	$	0.36		27	%
Total (3)	$	53,591	$	1.36		100	%

Revenue Stability
Three Months Ended September 30, 2006

			Diluted
	Nine Months Ended		Per
Revenue Type	September 30, 2006		Share		%
Rents (1)	$	63,598	$	1.62
Management revenue(2)		55,177	$	1.41
Rents and Management Revenue(3)		118,775	$	3.02		73	%
Structuring revenue(4)		14,564	$	0.37
Reimbursable costs (broker-dealer commissions)		26,179	$	0.67
Other income		2,097	$	0.05
Structuring Revenue & Other Income(3)		42,840	$	1.09		27	%
Total (3)	$	161,615	$	4.12		100	%

Revenue Stability
Nine Months Ended September 30, 2006

(1)	Rents (continuing and discontinued operations) = rental income + interest income from direct financing leases + other interest income + revenues of other business operations.
(2)	Management revenues include management and performance revenues earned from CPAÒREITs under management as well as reimbursements of expenses.
(3)	Numbers may not add up due to rounding.
(4)	Structuring revenue includes structuring fees and deferred structuring fees.

Ticker: WPC
 
 
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SECTION: FINANCIAL ANALYSIS

W. P. CAREY & CO. LLC

Selected Financial Ratios Analysis
September 30, 2006

	For the Quarter			For the Quarter			For the Quarter			For the Twelve Months
	Ended			Ended			Ended			Ended
Financial Strength	September 30, 2006			June 30, 2006			March 31, 2006			December 31, 2005
Leverage
Recourse debt/Book value of equity		0	%		0.3	%		1.0	%		2.5	%
Total debt/Total market capitalization		20.2	%		22.7	%		22.0	%		23.5	%
Total debt/EBITDA		2.26			2.23			2.23			2.41
FFO/Total debt*		32.3	%		38.9	%		29.4	%		32.1	%
Coverage
EBITDA/Total interest expense		6.29			6.25			6.43			6.00
Fixed charge coverage ratio		3.58			3.90			3.99			4.08
FFO/Total interest expense*		4.59			5.42			4.22			4.63
Valuation Ratios
Price/Earnings*		19.5			14.3			23.4			20.5
Price/FFO*		12.2			8.8			11.9			10.1
Price/Revenues*		5.3			4.2			5.3			5.5
Price/Book Value of Equity		1.9			1.7			1.7			1.6
Per Share Data
Earnings*	$	1.48		$	1.76		$	1.16		$	1.25
FFO*	$	2.36		$	2.88		$	2.28		$	2.53
Revenues*	$	5.45		$	5.98		$	5.10		$	4.64
Book Value of Equity	$	15.30		$	15.28		$	15.62		$	15.57

*	Quarterly ratios are based on annualized earnings, FFO & revenues.
Definitions
(1)	Recourse debt = Company level indebtedness that is not secured by a lien.
(2)	Total debt = long-term debt = recourse debt + limited recourse mortgage debt, including adjustments for joint ventures (“JV’s”).
(3)	Total market capitalization = equity market capitalization + debt capitalization.
(4)	Fixed charge coverage ratio = EBITDA/(interest expense + scheduled principal amortization + preferred dividends (if any) + adjustments for JVs).
(5)	EBITDA = net income + interest + taxes + depreciation + amortization +/- extraordinary loss (gain) + noncash charges / gains + adjustments for JVs.
(6)	Price = Closing Price as of October 31, 2006.
(7)	Revenues = revenue from continuing operations + revenue from discontinued operations + interest income.

Ticker: WPC
 
 
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SECTION: FINANCIAL ANALYSIS

W. P. CAREY & CO. LLC

Portfolio Debt Summary
(pro rata basis)
September 30, 2006

	Number of
Tenant/Lease Guarantor	Properties		Fixed / Variable	Original Balance		Current Balance(11)		Interest Rate			Maturity Date
Quebecor Printing USA (GA)		1	Fixed	$	7,000,000	$	6,226,514		6.82	%	Aug-07
Amerisure Insurance (Michigan Mutual)		1	Fixed		9,500,000		9,628,725		8.80	%	Dec-07
Billipp Portfolio		7	Variable(1)		5,000,000		5,000,005		5.92	%	Dec-08
SICOR, Inc. (50%)		2	Fixed		2,777,183		1,616,412		8.13	%	Jan-09
Orbital Sciences Corporation		1	Fixed		15,000,000		13,001,406		7.38	%	Jun-09
America West Holdings Corporation (74.58%)		1	Fixed		25,000,000		16,191,737		7.23	%	Aug-09
Bell South Telecommunications		1	Fixed		5,995,498		4,071,749		8.11	%	Jan-10
Unisource Worldwide, Inc.(12)		2	Fixed		7,000,000		2,424,170		9.97	%	Feb-10
Hibbett Sports		1	Fixed		4,995,033		4,741,221		7.50	%	Apr-10
Detroit Diesel Corporation		1	Fixed		25,000,000		9,166,275		7.96	%	Jun-10
Omnicom Group, Inc.(12)		1	Fixed		4,574,481		3,414,997		8.93	%	Sep-10
EnviroWorks, Inc.		1	Fixed		3,563,292		2,761,839		10.13	%	Oct-10
Federal Express Corporation (40%)		3	Fixed		18,000,000		16,872,386		7.50	%	Jan-11
Autozone — Series A		12	Fixed		4,099,504		1,939,596		6.85	%	Jan-11
Childtime Childcare, Inc. (33.93%)		12	Fixed		2,522,816		2,362,417		7.50	%	Jan-11
Pioneer Credit Recovery, Inc.		1	Fixed		6,000,000		5,656,009		7.34	%	Jan-11
Autozone, Inc. — Series B		19	Fixed		6,289,699		3,010,411		6.85	%	Feb-11
Sprint Spectrum, LP		1	Fixed		8,753,000		8,343,672		7.64	%	Aug-11
Qwest Communications, Inc.		1	Fixed		1,594,023		1,522,077		7.50	%	Jun-12
Autozone — Series C		6	Fixed		2,033,191		1,148,550		6.85	%	Aug-12
BE Aerospace, Inc.		3	Fixed		9,200,000		8,770,653		6.11	%	Nov-12
Faurecia (AP Parts)		1	Fixed		2,675,000		2,631,843		5.16	%	Nov-12
Anthony, Inc. Industry		4	Fixed		9,285,000		9,133,942		5.11	%	Nov-12
Alstom & Werner		3	Fixed		10,750,000		10,595,313		5.18	%	Dec-12
SAS Pantin Invest France (75%)(2)		1	Fixed		12,683,000		8,283,636		4.92	%	Jul-13
Autozone — Series D		11	Fixed		4,667,621		2,860,645		6.85	%	Aug-13
Aviva France (fka Tellit Assurances -SA) (75%)(2)		1	Fixed(7)		3,300,750		2,451,691		4.49	%	Aug-13
Direction Regional des Affaires Sanitaires et Sociales (aka SCI Le Mail) (75%)(2)		1	Fixed		1,341,000		904,877		4.60	%	Aug-13
SARL S3T (aka SAS Immo Invest) (80%)(2)		1	Variable(8)		1,429,728		1,310,988		4.56	%	May-14
DSM Food Specialties (aka SAS Immo Invest) (80%)(2)		1	Variable(8)		1,728,672		1,084,276		4.56	%	May-14
Carrefour France, SAS (22.5%)		8	Fixed		26,078,798		26,076,038		5.55	%	Dec-14
Lowe’s Home Improvement Warehouse (fka Eagle Hardware)		1	Fixed		9,725,000		9,725,000		4.87	%	Sep-15
Bouygues Telecom, S.A. (Tours) (95%)(2)		1	Variable(9)		9,877,469		8,070,561		3.86	%	Oct-15
Dr. Pepper		2	Fixed		33,950,000		33,399,410		5.13	%	Nov-15
CheckFree Holdings, Inc. (50%)		1	Fixed		15,000,000		15,000,000		6.18	%	Jun-16
Bouygues Telecom, S.A. (Illkirch-Graffenstaden) (75%)(2)		1	Fixed(10)		16,874,000		14,458,813		5.45	%	Oct-16
Hologic, Inc. (36%)		2	Fixed		6,660,000		6,073,193		6.40	%	May-23
Information Resources, Inc. (33.33%)		1	Fixed		8,665,800		7,906,369		7.60	%	Oct-26
Total Limited Recourse Debt(6)		118	��	$	339,923,759	$	287,837,412		6.37	%(3)
				Credit Facility(4)		$	—		6.47	%	May-07
				Total Debt		$	287,837,412		6.38	%(5)

(1)	Fixed LIBO rate plus 1.25%
(2)	Debt balance calculated using an exchange rate of 1.2688 USD/EUR at September 30, 2006.
(3)	Reflects weighted average interest rate for the mortgage debt only.
(4)	Indicated interest rate is based on Libor + 110 bps and represents the weighted average on outstanding tranches at September 30, 2006. Floating rate subject to change depending on leverage ratios and debt ratings (if applicable).
(5)	Reflects weighted average interest rate for the entire portfolio including the line of credit debt.
(6)	Numbers may not add up due to rounding.
(7)	Loan resets itself to a 5 year French Franc swap rate index plus 85 bps every five years. Current term is fixed until 2008.
(8)	Euribor 3-month from 2 “Target days” (when target payment system is open) before each interest period, increased by 130 bps.
(9)	Euribor 3-month base index on last working day preceding quarterly payment plus 85 bps.
(10)	Loan resets itself to VDP 5-year index plus 85 bps every five years. Current rate changed in October 2006 to 4.723%.
(11)	Loan balances may be higher than the original balance due to fair value adjustments.
(12)	Debt paid off after September 30, 2006.

Ticker: WPC
 
 
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SECTION: FINANCIAL ANALYSIS

W. P. CAREY & CO. LLC

Mortgage Debt Maturity Profile
(pro rata basis)
September 30, 2006

Year	Balloon Payments(1)
2006	$	—
2007		15,540,508
2008		5,000,000
2009		26,754,760
2010		17,691,965
2011		30,836,549
2012		28,260,046
2013		4,693,076
2014		17,738,320
2015		35,732,902
2016		18,431,533
2017		—
2018		—
2019		—
2020		—
2021		—
2022		—
2023		231,984
Total	$	200,911,643

Mortgage Debt Maturity Profile

(1) Balloon payments calculated using an exchange rate of 1.2688 USD/EUR at September 30, 2006 (where applicable).

Ticker: WPC
 
 
 16 www.wpcarey.com

ACQUISITIONS & DISPOSITIONS

SECTION: ACQUISATIONS/DISPOSITIONS

W. P. CAREY & CO. LLC

2006 Acquisitions Update

			Purchase Price				Gross Square
Portfolio(s)	Tenant/Lease Guarantor	Property Location	(000s)		Closing Date	Property Type	Footage
Management Business
CPA®:16 - Global	Corinthian Laramie (1)	Laramie, WY	$	26,020	January-06	Residential		200,440
CPA®:16 - Global	Utex Industries, Inc.	Houston, TX		14,730	March-06	Industrial		347,910
CPA®:15	OTC Expansion (1)	La Vista, NE		14,660	March-06	Warehouse/Manufacturing		137,000
CPA®:15, 16 - Global	OBI Group	16 locations throughout Poland		183,300	March-06	Retail		1,621,773
CPA®:16 - Global	Datastream Systems, Inc	Greenville, SC		16,308	March-06	Office		124,836
CPA®:16 - Global	Kings Super Markets, Inc.	6 locations in New Jersey		48,398	April-06	Retail		136,856
CPA®:16 - Global	Hilite International	Marktheidenfeld, Germany		24,343	May-06	Manufacturing		194,220
CPA®:16 - Global	Integrated Distribution Systems Expansion(1) (3)	Lamlukka & Bangpa, Thailand		6,434	June-06	Manufacturing		118,026
CPA®:16 - Global	The Cheese Works Limited	Ringwood, NJ and Alameda, CA		10,521	June-06	Warehouse/Distribution		74,832
CPA®:16 - Global	Good Time Stores (Alon USA)	El Paso, TX		23,677	July-06	Warehouse		62,274
CPA®:16 - Global	International Imaging Materials (IIMAK)	Amherst, NY		15,782	August-06	Manufacturing		271,123
CPA®:16 - Global	Bob’s Discount Furniture Expansion(1)	Norwich, CT		13,152	September-06	Warehouse/Distribution		213,000
CPA®:16 - Global	IDS Malaysia	Shah Alam, Malaysia		10,899	September-06	Manufacturing		351,947
CPA®:16 - Global	Hotel Operator(1)	Bloomington, MN		49,507	September-06	Hospitality		169,827
CPA®:16 - Global, LLC	Consolidated Systems	Columbia, SC		17,881	October-06	Manufacturing		564,509
CPA®:16 - Global	Provo Craft & Novelty, Inc.	Spanish Fork, UT		12,596	October-06	Warehouse/Distribution		212,685
CPA®:16 - Global	LifePort, Inc.	Woodland, WA & Georgetown, TX		6,806	October-06	Industrial & Office		69,849
	Total(2)		$	495,013				4,871,107

(1)	Represents a build-to-suit transaction or facility expansion. Gross Square Footage and Costs are estimates.
(2)	Numbers may not add up due to rounding.
(3)	Transaction took place in 2005; expansion completed and placed into service in June 2006.

18

SECTION: ACQUISITIONS/DISPOSITIONS

W. P. CAREY & CO. LLC
2006 Dispositions Update

				Sale Price
Portfolio(s)	Tenant/Lease Guarantor	Property Location(s)	Disposition Date	(000s)
Real Estate Business
WPC LLC	Quebecor	Olive Branch, MS	Apr-06	$	7,646
WPC LLC	Winn Dixie	Bay Minette, AL	May-06		520
WPC LLC	Gibson Greeting	Amberley Village, OH	June-06		6,250
WPC LLC	Red Bank	Cincinnati, OH	Sep-06		10,001
WPC LLC	Excel	Reno, NV	Oct-06		8,000
	Subtotal			$	32,417
Management Business
CPA®:12	Rheometric	Piscataway, NJ	Feb-06	$	3,850
CPA®:15	Trends	Miami, FL	Mar-06		17,980
CPA®:14	Celestica (Mayo Clinic)	Rochester, MN	May-06		36,875
CPA®:12	Remec - Spectrian (Java Drive)	Sunnyvale, CA	May-06		10,400
CPA®:15	Clear Channel	New York, NY	Jun-06		208,000
CPA®:15	UK Logic	Rotherham, UK	Jun-06		5,197
CPA®:12, 14, 15	Starmark Camhood LLC (Wellbridge)	Burnsville, MN	Jul-06		4,082
CPA®:12, 14, 15	Starmark Camhood LLC (Wellbridge)	Brooklyn Center, MN	Jul-06		2,017
CPA®:12, 14, 15	Starmark Camhood LLC (Wellbridge)	Bloomington, MN	Jul-06		3,686
CPA®:12, 14, 15	Starmark Camhood LLC (Wellbridge)	Minnetonka, MN	Jul-06		215
CPA®:12, 14	Etec Systems (Applied Materials)	Hayward, CA	Oct-06		98,693
CPA®:12	Balanced Care	Mechanicsburg, PA	Oct-06		7,000
	Subtotal			$	397,995
	Total			$	430,412

Ticker: WPC www.wpcarey.com

19

PORTFOLIO ANALYSIS

SECTION: ACQUISATIONS/DISPOSITIONS

W. P. CAREY & CO. LLC
Portfolio Diversification Analysis by Rent Contribution
September 30, 2006

Based on Ongoing Rental Income

	Annualized		Percentage of Total			Percentage of
Top Ten Tenants/Lease Guarantors	Rent		Annualized Rent			Revenue(1)
Dr Pepper/Seven Up Bottling Group	$	4,683,737		5.5	%		2.2	%
Detroit Diesel Corporation		4,634,253		5.4	%		2.2	%
Bouygues Telecom, S.A.		3,830,827		4.5	%		1.8	%
Carrefour France, S.A.		3,701,421		4.3	%		1.7	%
Orbital Sciences Corporation		3,022,947		3.5	%		1.4	%
Federal Express Corporation		3,015,966		3.5	%		1.4	%
The Titan Corporation		2,862,068		3.3	%		1.3	%
America West Holdings Corporation		2,837,889		3.3	%		1.3	%
CheckFree Holdings, Inc.		2,301,768		2.7	%		1.1	%
AutoZone, Inc.		2,216,594		2.6	%		1.0	%

Percentage of Total	Number of Tenants/Lease
Annualized Rent	Guarantors
10.0%   <    rent		0
10.0% > ,³ 7.5%		0
7.5% > ,³ 5.0%		2
5.0% > ,³ 2.5%		8
2.5%   >    rent		96

	Number of Tenants/Lease
Percentage of Revenue(1)	Guarantors
10.0%   <    rent		0
10.0% > ,³ 7.5%		0
7.5% > ,³5.0%		0
5.0% > ,³2.5%		0
2.5%   >    rent		106

(1) Revenues = revenue from continuing operations + revenue from discontinued operations + interest income.

Ticker: WPC www.wpcarey.com

21

SECTION: PORTFOLIO ANALYSIS

W. P. CAREY & CO. LLC
Portfolio Diversification Analysis by Property Type
September 30, 2006

Property Type	Square Footage(2)		Percent
Industrial		8,365,055		52.1	%
Warehouse/Distribution		4,313,893		26.8	%
Office		2,190,441		13.6	%
Retail		1,011,777		6.3	%
Hospitality		158,000		1.0	%
Other(3)		28,619		0.2	%
Total (4)		16,067,785		100.0	%

Portfolio Diversification by Property Type
(based on square footage)

Property Type	Annualized Rent(1)		Percent
Industrial	$	32,624,383		38.1	%
Office		30,503,260		35.6	%
Warehouse/Distribution		14,537,901		17.0	%
Retail		6,164,974		7.2	%
Hospitality		1,200,000		1.4	%
Other(3)		614,537		0.7	%
Total(4)	$	85,645,055		100.0	%

Portfolio Diversification by Property Type
(based on annualized rents)

(1)	Rents reflect current annualized rents on a pro rata basis.
(2)	Square footage for jointly owned properties shown on a pro rata basis.
(3)	Reflects land used for educational purposes, research, and unoccupied land.
(4)	Numbers may not add up due to rounding.

Ticker: WPC www.wpcarey.com

22

SECTION: PORTFOLIO ANALYSIS

W. P. CAREY & CO. LLC
Portfolio Diversification Analysis by Tenant Industry
September 30, 2006

	Annualized		Percentage of
Industry Type(1)	Rent		Rent(2)
Manufacturing	$	33,174,742		38.7	%
Information		12,338,522		14.4	%
Wholesale Trade		10,905,393		12.7	%
Retail Trade		8,743,822		10.2	%
Transportation and Warehousing		7,337,197		8.6	%
Professional, Scientific and Technical Services		6,319,343		7.4	%
Finance and Insurance		2,740,271		3.2	%
Accommodation and Food Services		1,209,000		1.4	%
Public Administration		876,556		1.0	%
Construction		823,077		1.0	%
Health Care and Social Assistance		593,948		0.7	%
Other(3)		412,772		0.5	%
Educational Services		170,412		0.2	%
Total(4)	$	85,645,055		100.0	%

(1)	Based on the North American Industry Classification System (NAICS) and information provided by the tenant.
(2)	Rents reflect current annualized rents on a pro rata basis.
(3)	Reflects land used for Administrative, Support, Waste Management, Remediation Services, Arts, Entertainment & Recreation, Real Estate and Rental and Leasing and Other Services.
(4)	Numbers may not add up due to rounding.

Diversification by Industry
(based on annualized rents)

Ticker: WPC www.wpcarey.com

23

SECTION: PORTFOLIO ANALYSIS

W. P. CAREY & CO. LLC

Portfolio Diversification Analysis by Geography
September 30, 2006

Region	Square Footage(2)		Percentage
Midwest		4,688,788		29.2	%
South		4,556,237		28.4	%
East		3,470,251		21.6	%
West		2,323,862		14.5	%
Europe		1,028,647		6.4	%
Total		16,067,785		100.0	%

Portfolio Diversification by Geography
(based on square footage)

Region	Annualized Rent(1)		Percentage
South	$	26,197,356		30.6	%
West		19,993,873		23.3	%
Midwest		16,216,691		18.9	%
East		12,951,091		15.1	%
Europe		10,286,044		12.0	%
Total(3)	$	85,645,055		100.0	%

Portfolio Diversification by Geography
(based on annualized rents)

(1)	Rents reflect current annualized rents on a pro rata basis.
(2)	Square footage for jointly owned properties shown on a pro rata basis.
(3)	Numbers may not add up due to rounding.

Ticker: WPC www.wpcarey.com

24

SECTION: PORTFOLIO ANALYSIS

W. P. CAREY & CO. LLC

Portfolio Lease Maturity Analysis
September 30, 2006

Year of	Number of		Annualized		Percentage of Total			Average Years to
Lease Expiration	Leases		Rents (1)		Annualized Rents			Maturity
2006		14	$	1,390,131		1.6	%		0.25
2007		20		7,569,403		8.8	%		1.25
2008		16		4,565,642		5.3	%		2.25
2009		17		12,005,151		14.0	%		3.25
2010		25		10,483,415		12.2	%		4.25
2011		59		10,384,393		12.1	%		5.25
2012		18		5,927,620		6.9	%		6.25
2013		17		5,703,730		6.7	%		7.25
2014		7		9,176,632		10.7	%		8.25
2015		7		3,345,643		3.9	%		9.25
2016		15		1,592,715		1.9	%		10.25
2017		7		1,485,809		1.7	%		11.25
2018		3		3,161,852		3.7	%		12.25
2019		4		2,746,528		3.2	%		13.25
2020		1		4,634,253		5.4	%		14.25
2021		—		—		0.0	%		15.25
2022		3		1,472,138		1.7	%		16.25
Total (2)		233	$	85,645,055		100	%
Weighted Average Years to Maturity:						6.32

Lease Expiration and Portfolio Maturity Analysis

(1)	Month to month properties are counted in current year’s revenue stream.
(2)	Numbers may not add up due to rounding.

Ticker: WPC www.wpcarey.com

25

EXHIBITS⁽¹⁾

(1) Sources for Exhibits A, B, C and D include a) September 30, 2006, June 30, 2006 and March 31, 2006 Forms 10-Q b) 2005 Form 10-K c) Company Press Releases.

EXHIBIT A

W. P. CAREY & CO. LLC

Consolidated Balance Sheets
(in thousands except share amounts)

	The Company			The Company			The Company			The Company
	Consolidated as of			Consolidated as of			Consolidated as of			Consolidated as of
	September 30, 2006			June 30, 2006			March 31, 2006			December 31, 2005
ASSETS:
Real estate, net	$	488,436		$	489,591		$	492,859		$	454,478
Net investment in direct financing leases		115,406			117,250			118,995			131,975
Equity investments in real estate		146,846			140,286			133,822			134,567
Operating real estate, net		7,560			7,657			7,761			7,865
Assets held for sale		5,517			16,064			24,870			18,815
Cash and cash equivalents		17,999			15,593			14,833			13,014
Due from affiliates		83,111			78,939			76,417			82,933
Goodwill		63,607			63,607			63,607			63,607
Intangible assets, net		33,494			35,821			38,250			40,700
Other assets, net		34,637			33,114			28,661			35,308
Total assets	$	996,613		$	997,922		$	1,000,075		$	983,262
LIABILITIES AND MEMBERS’ EQUITY:
Liabilities:
Limited recourse mortgage notes payable	$	251,654		$	253,897		$	245,523		$	226,701
Limited recourse mortgage notes payable on assets held for sale		—			—			4,373			4,412
Credit facility		—			2,000			6,000			15,000
Accrued interest		1,760			1,696			1,647			2,036
Distributions payable		17,340			17,234			17,073			16,963
Due to affiliates		1,120			1,069			1,035			2,994
Deferred revenue		33,771			29,787			26,544			23,085
Accounts payable and accrued expense		24,987			25,679			18,690			23,002
Prepaid and deferred rental income and security deposits		4,898			4,905			6,553			4,414
Accrued income taxes		466			483			6,305			634
Deferred income taxes, net		39,322			38,787			37,860			39,908
Other liabilities		12,393			12,647			13,147			12,956
Total liabilities		387,711			388,184			384,750			372,105
Minority interest in consolidated entities		7,493			7,443			12,049			3,689
Commitments and contingencies
Members’ equity:
Listed shares, no par value; 38,117,923; 38,054,358; 37,778,129; and 37,706,247 shares issued and outstanding, respectively		742,195			740,247			736,803			740,593
Distributions in excess of accumulated earnings		(140,471	)		(137,436	)		(137,188	)		(131,178	)
Unearned compensation		—			—			—			(5,119	)
Accumulated other comprehensive income		(315	)		(516	)		3,661			3,172
Total members’ equity		601,409			602,295			603,276			607,468
Total liabilities and members’ equity	$	996,613		$	997,922		$	1,000,075		$	983,262

Ticker: WPC www.wpcarey.com

EXHIBIT B

W. P. CAREY & CO. LLC

Consolidated Statements of Income
(in thousands, except share and per share amounts)

	For the Nine			For the Quarter			For the Quarter			For the Quarter			For the Year
	Months Ended			Ended			Ended			Ended			Ended
	September 30, 2006			September 30, 2006			June 30, 2006			March 31, 2006			December 31, 2005
REVENUES:
Asset management income	$	43,478		$	14,364		$	14,752		$	17,360		$	62,294
Structuring revenue		15,788			3,434			2,462			9,892			28,197
Reimbursed costs from affiliates		36,654			13,762			19,894			—			—
Rental income		44,993			15,196			14,975			14,822			52,386
Interest income from direct financing leases		10,182			3,334			3,427			3,421			17,149
Other operating income		1,937			985			432			528			6,592
Revenues of other business operations		5,109			1,529			1,717			1,863			7,499
		158,141			52,604			57,659			47,886			174,117
OPERATING EXPENSES:
General and administrative		(29,829	)		(8,800	)		(9,871	)		(14,156	)		(55,184	)
Reimbursable costs		(36,654	)		(13,762	)		(19,894	)		—			—
Depreciation		(10,984	)		(3,707	)		(3,658	)		(3,645	)		(11,939	)
Amortization		(6,730	)		(2,168	)		(2,278	)		(2,284	)		(8,813	)
Property expenses		(5,652	)		(2,449	)		(1,442	)		(1,837	)		(7,396	)
Impairment charges		—			—			—			—			(15,154	)
Operating expenses of other business operations		(4,414	)		(1,381	)		(1,466	)		(1,567	)		(6,327	)
		(94,263	)		(32,267	)		(38,609	)		(23,489	)		(104,813	)
OTHER INCOME AND EXPENSES:
Other interest income		2,369			836			806			727			3,511
Income from equity investments		5,726			2,932			1,244			1,550			5,182
Minority interest in (income) loss in real estate		(568	)		40			254			(862	)		(264	)
Gain on foreign currency transactions and other gains, net		5,723			245			5,228			250			1,305
Interest expense		(13,324	)		(4,395	)		(4,541	)		(4,388	)		(16,787	)
		(74	)		(342	)		2,991			(2,723	)		(7,053	)
Income from continuing operations before income taxes		63,804			19,995			22,041			21,674			62,251
Provision for income taxes		(16,300	)		(5,580	)		(3,998	)		(6,722	)		(19,390	)
Income from continuing operations		47,504			14,415			18,043			14,952			42,861
DISCONTINUED OPERATIONS:
(Loss) income from operations of discontinued properties		(1,288	)		75			(739	)		(530	)		1,885
(Loss) gain on sale of real estate		(185	)		(185	)		—			—			10,474
Impairment charges on assets held for sale		(3,357	)		—			—			(3,357	)		(6,616	)
(Loss) income from discontinued operations		(4,830	)		(110	)		(739	)		(3,887	)		5,743
NET INCOME	$	42,674		$	14,305		$	17,304		$	11,065		$	48,604
BASIC EARNINGS PER SHARE:
Income from continuing operations	$	1.26		$	0.38		$	0.48		$	0.40		$	1.14
(Loss) income from discontinued operations		(0.13	)		—			(0.02	)		(0.10	)		0.15
Net income	$	1.13		$	0.38		$	0.46		$	0.30		$	1.29
DILUTED EARNINGS PER SHARE:
Income from continuing operations	$	1.22		$	0.37		$	0.46		$	0.39		$	1.10
(Loss) income from discontinued operations		(0.12	)		—			(0.02	)		(0.10	)		0.15
Net income	$	1.10		$	0.37		$	0.44		$	0.29		$	1.25
DIVIDENDS DECLARED PER SHARE:	$	1.362		$	0.456		$	0.454		$	0.452		$	1.79
WEIGHTED AVERAGE SHARES OUTSTANDING:
Basic		37,880,778			38,034,590			37,876,079			37,727,782			37,688,835
Diluted		39,215,134			39,303,948			39,346,537			38,627,267			39,020,801

Ticker: WPC www.wpcarey.com

EXHIBIT C

W. P. CAREY & CO. LLC

Consolidated Statements of Cash Flows
(in thousands)

	For the Nine			For the Six			For the Quarter			For the Year
	Months Ended			Months Ended			Ended			Ended
	September 30, 2006			June 30, 2006			March 31, 2006			December 31, 2005
Cash flows from operating activities:
Net income	$	42,674		$	28,369		$	11,065		$	48,604
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization of intangible assets and deferred financing costs		18,757			12,625			6,136			21,623
Income from equity investments in real estate in excess of distributions received		(324	)		(202	)		(247	)		479
Gain on sale of real estate and investments		(4,615	)		(4,800	)		—			(10,570	)
Minority interest in income		568			608			862			264
Recognition of deferred gain on completion of development project		—			—			—			(2,000	)
Straight-line rent adjustments		2,343			1,612			732			3,776
Management income received in shares of affiliates		(23,721	)		(15,816	)		(7,892	)		(31,858	)
Costs paid by issuance of shares		—			—			—			201
Unrealized (gain) loss on foreign currency transactions and warrants		(781	)		(577	)		(165	)		779
Impairment charges		3,357			3,348			3,357			21,770
Deferred income taxes		(586	)		(1,121	)		(2,048	)		1,549
Realized (gain) loss on foreign currency transaction		(142	)		(102	)		(85	)		19
(Decrease) increase in accrued income taxes		(168	)		(151	)		5,671			(3,274	)
Decrease in prepaid taxes		1,199			1,279			706			—
Tax charge — share incentive plan		—			—			—			604
Increase in structuring revenue receivable		(3,039	)		(3,039	)		(3,039	)		(5,304	)
Deferred acquisition fees received		12,543			12,543			12,543			8,961
Amortization of unearned compensation		2,520			1,639			719			3,936
Net changes in other operating assets and liabilities		(1,725	)		(650	)		(2,968	)		(6,852	)
Net cash provided by operating activities		48,860			35,565			25,347			52,707
Cash flows from investing activities:
Distributions received from equity investments in real estate in excess of equity income		4,669			3,106			1,400			6,164
Capital expenditures		(4,194	)		(3,874	)		(674	)		(2,975	)
Payment of deferred acquisition revenue to an affiliate		(524	)		(524	)		(524	)		(524	)
Purchase of investment		(150	)		(150	)		—			(465	)
Loan to affiliate		(84,000	)		(84,000	)		—			—
Proceeds from repayment of loan to affiliate		84,000			84,000			—			—
Proceeds from sales of property and investments		32,350			22,471			—			45,542
Funds placed in escrow in connection with the sale of property and investments		(9,314	)		(9,163	)		—			—
Net cash provided by investing activities		22,837			11,866			202			47,742
Cash flows from financing activities:
Distributions paid		(51,590	)		(34,356	)		(16,965	)		(67,004	)
Contributions from minority interests		1,646			1,161			506			1,539
Distributions to minority interests		(5,415	)		(5,075	)		(136	)		(355	)
Scheduled payments of mortgage principal		(9,191	)		(5,705	)		(2,916	)		(9,229	)
Proceeds from mortgages and credit facility		83,000			55,000			10,000			121,764
Prepayments of mortgages principal and credit facility		(92,971	)		(62,971	)		(19,000	)		(151,893	)
Release of funds from escrow in connection with the financing of properties		4,031			4,031			4,031			—
Payment of financing costs		(815	)		(472	)		(217	)		(797	)
Proceeds from issuance of shares		6,251			3,652			1,323			4,400
Excess tax benefits associated with stock based compensation awards		193			271			77			—
Retirement of shares		(1,935	)		(482	)		(482	)		(2,206	)
Net cash used in financing activities:		(66,796	)		(44,946	)		(23,779	)		(103,781	)
Effect of exchange rate changes on cash		84			94			49			(369	)
Net increase (decrease) in cash and cash equivalents		4,985			2,579			1,819			(3,701	)
Cash and cash equivalents, beginning of period		13,014			13,014			13,014			16,715
Cash and cash equivalents, end of period	$	17,999		$	15,593		$	14,833		$	13,014

Ticker: WPC www.wpcarey.com

EXHIBIT D

W. P. CAREY & CO. LLC

     Quarterly Reconciliation of Net Income to Funds from Operations
(in thousands, except share and per share amounts)

	For the Quarter			For the Quarter			For the Quarter			For the Quarter
	Ended			Ended			Ended			Ended
	September 30, 2006			June 30, 2006			March 31, 2006			December 31, 2005
Net income	$	14,305		$	17,304		$	11,065		$	11,488
Loss(gain) on sale of real estate, net		185			—			—			(3,355	)
FFO of equity investees in excess of equity income		1,646			3,175			2,825			2,833
Depreciation, amortization, deferred taxes and other non-cash charges		6,529			7,270			4,125			6,396
FFO applicable to minority investees in excess of minority income		(178	)		(181	)		(237	)		(183	)
Straight-line rents		786			866			691			1,119
Impairment charges		—			—			3,357			5,949
Funds From Operations (FFO)	$	23,273		$	28,434		$	21,826		$	24,247
Weighted Average Listed Shares Outstanding
Basic		38,034,590			37,670,305			37,727,782			37,762,361
Diluted		39,303,948			39,346,537			38,627,267			38,674,396
FFO per Share
Basic	$	0.61		$	0.75		$	0.58		$	0.64
Diluted	$	0.59		$	0.72		$	0.57		$	0.63

Ticker: WPC www.wpcarey.com

EXHIBIT E

W. P. CAREY & CO. LLC

Detailed Property Summary
September 30, 2006

Square

Annualized

Percentage of

Increase

Tenant/Lease Guarantor

Property Location

Property Type

Tenant Type

Region

Footage

Rent

Total Rent

Factor

Lease Expiration

Maximum Term

Dr Pepper/Seven Up Bottling Group

Irving, TX

Industrial

Manufacturing

South

459,497

$

2,841,153

3.32

%

CPI

June-14

June-14

Dr Pepper/Seven Up Bottling Group

Houston, TX

Industrial

Manufacturing

South

262,450

1,842,584

2.15

%

CPI

June-14

June-14

Dr Pepper/Seven Up Bottling Group Total

721,947

4,683,737

5.47

%

Detroit Diesel Corporation

Detroit, MI

Industrial

Manufacturing

Midwest

2,730,750

4,634,253

5.41

%

PPI

June-20

June-30

Detroit Diesel Corporation Total

2,730,750

4,634,253

5.41

%

Bouygues Telecom, S.A.(1)

Tours, France

Office

Information

Europe

102,237

1,420,805

1.66

%

INSEE(2)

September-09

September-12

Bouygues Telecom, S.A.(3)

Illkirch-Graffenstaden, France

Office

Information

Europe

80,729

2,410,022

2.81

%

INSEE(2)

December-08

July-13

Bouygues Telecom, S.A. Total

182,966

3,830,827

4.47

%

Carrefour France, SAS(4)

Lens, France

Warehouse/Distribution

Retail Trade

Europe

62,349

387,046

0.45

%

INSEE(2)

December-11

December-11

Carrefour France, SAS(4)

Lens, France

Warehouse/Distribution

Retail Trade

Europe

1,276

7,924

0.01

%

INSEE(2)

December-11

December-11

Carrefour France, SAS(4)

Lens, France

Warehouse/Distribution

Retail Trade

Europe

2,136

13,261

0.02

%

INSEE(2)

December-11

December-11

Carrefour France, SAS(4)

Nimes, France

Warehouse/Distribution

Retail Trade

Europe

66,285

339,740

0.40

%

INSEE(2)

December-11

December-11

Carrefour France, SAS(4)

Nimes, France

Warehouse/Distribution

Retail Trade

Europe

1,255

6,430

0.01

%

INSEE(2)

December-11

December-11

Carrefour France, SAS(4)

Nimes, France

Warehouse/Distribution

Retail Trade

Europe

293

1,501

0.00

%

INSEE(2)

December-11

December-11

Carrefour France, SAS(4)

Nimes, France

Warehouse/Distribution

Retail Trade

Europe

87,334

509,646

0.60

%

INSEE(2)

November-12

November-12

Carrefour France, SAS(4)

Colomiers, France

Warehouse/Distribution

Retail Trade

Europe

85,602

491,060

0.57

%

INSEE(2)

December-11

December-11

Carrefour France, SAS(4)

Colomiers, France

Warehouse/Distribution

Retail Trade

Europe

29,617

169,902

0.20

%

INSEE(2)

December-11

December-11

Carrefour France, SAS(4)

Colomiers, France

Warehouse/Distribution

Retail Trade

Europe

3,696

21,201

0.02

%

INSEE(2)

December-11

December-11

Carrefour France, SAS(4)

Colomiers, France

Warehouse/Distribution

Retail Trade

Europe

1,424

8,169

0.01

%

INSEE(2)

December-11

December-11

Carrefour France, SAS(4)

Thuit Hebert, France

Warehouse/Distribution

Retail Trade

Europe

53,032

244,359

0.29

%

INSEE(2)

December-11

December-11

Carrefour France, SAS(4)

Thuit Hebert, France

Warehouse/Distribution

Retail Trade

Europe

33,638

154,994

0.18

%

INSEE(2)

December-11

December-11

Carrefour France, SAS(4)

Crepy en Valois, France

Warehouse/Distribution

Retail Trade

Europe

49,736

317,612

0.37

%

INSEE(2)

December-11

December-11

Carrefour France, SAS(4)

Crepy en Valois, France

Warehouse/Distribution

Retail Trade

Europe

74,846

477,962

0.56

%

INSEE(2)

December-11

December-11

Carrefour France, SAS(4)

Ploufragen, France

Warehouse/Distribution

Retail Trade

Europe

60,221

296,226

0.35

%

INSEE(2)

December-11

December-11

Carrefour France, SAS(4)

Cholet, France

Warehouse/Distribution

Retail Trade

Europe

48,760

254,388

0.30

%

INSEE(2)

December-11

December-11

Carrefour France, SAS(4) Total

661,500

3,701,421

4.32

%

Orbital Sciences Corporation

Chandler, AZ

Industrial

Manufacturing

West

335,307

3,022,947

3.53

%

CPI

September-09

September-29

Orbital Sciences Corporation Total

335,307

3,022,947

3.53

%

Federal Express Corporation (5)

Collierville, TN

Office

Transportation and Warehousing

South

39,038

686,632

0.80

%

CPI

August-19

November-29

Federal Express Corporation (5)

Collierville, TN

Office

Transportation and Warehousing

South

39,038

686,632

0.80

%

CPI

August-19

November-29

Federal Express Corporation (5)

Collierville, TN

Office

Transportation and Warehousing

South

39,038

686,632

0.80

%

CPI

August-19

November-29

Federal Express Corporation (5)

Collierville, TN

Office

Transportation and Warehousing

South

39,038

686,632

0.80

%

CPI

August-19

November-29

Federal Express Corporation (5)

College Station, TX

Warehouse/Distribution

Transportation and Warehousing

South

12,080

68,400

0.08

%

Stated

April-07

April-07

Federal Express Corporation (5)

Corpus Christi, TX

Warehouse/Distribution

Transportation and Warehousing

South

30,212

201,037

0.23

%

Stated

May-07

May-12

Federal Express Corporation(5) Total

198,444

3,015,965

3.52

%

Titan Corporation, The

San Diego, CA

Office

Manufacturing

West

166,403

2,862,068

3.34

%

CPI

July-12

July-17

Titan Corporation, The Total

166,403

2,862,068

3.34

%

America West Holdings Corporation(6)

Tempe, AZ

Office

Transportation and Warehousing

West

167,913

2,837,889

3.31

%

CPI

April-14

November-29

America West Holdings Corporation (6)Total

167,913

2,837,889

3.31

%

CheckFree Holdings, Inc. (7)

Norcross, GA

Office

Information

South

50,063

899,886

1.05

%

CPI

December-15

December-30

CheckFree Holdings, Inc. (7)

Norcross, GA

Office

Information

South

34,150

763,523

0.89

%

CPI

December-15

December-30

CheckFree Holdings, Inc. (7)

Norcross, GA

Office

Information

South

26,125

575,991

0.67

%

CPI

December-15

December-30

CheckFree Holdings, Inc. (7)

Norcross, GA

Office

Information

South

1

62,368

0.07

%

CPI

December-15

December-30

CheckFree Holdings, Inc.(7) Total

110,339

2,301,768

2.69

%

Ticker: WPC www.wpcarey.com

EXHIBIT E

Square

Annualized

Percentage of

Increase

Tenant/Lease Guarantor

Property Location

Property Type

Tenant Type

Region

Footage

Rent

Total Rent

Factor

Lease Expiration

Maximum Term

AutoZone, Inc.

Decatur, AL

Retail

Retail Trade

South

5,400

44,620

0.05

%

% Sales

February-11

February-26

AutoZone, Inc.

Bessemer, AL

Retail

Retail Trade

South

5,400

32,158

0.04

%

% Sales

February-11

February-26

AutoZone, Inc.

Phenix City, AL

Retail

Retail Trade

South

5,400

44,620

0.05

%

% Sales

February-11

February-26

AutoZone, Inc.

Mobile, AL

Retail

Retail Trade

South

5,400

44,620

0.05

%

% Sales

February-11

February-26

AutoZone, Inc.

Chickasaw, AL

Retail

Retail Trade

South

5,400

43,414

0.05

%

% Sales

February-11

February-26

AutoZone, Inc.

Montgomery, AL

Retail

Retail Trade

South

5,400

43,414

0.05

%

% Sales

February-11

February-26

AutoZone, Inc.

Panama City, FL

Retail

Retail Trade

South

5,401

35,345

0.04

%

% Sales

August-12

August-37

AutoZone, Inc.

Jacksonville, FL

Retail

Retail Trade

South

5,000

34,867

0.04

%

% Sales

August-12

August-37

AutoZone, Inc.

Jacksonville, FL

Retail

Retail Trade

South

5,400

47,772

0.06

%

% Sales

August-13

August-37

AutoZone, Inc.

Jacksonville, FL

Retail

Retail Trade

South

5,400

54,379

0.06

%

% Sales

August-13

August-37

AutoZone, Inc.

Columbus, GA

Retail

Retail Trade

South

5,400

43,414

0.05

%

% Sales

February-11

February-26

AutoZone, Inc.

Albany, GA

Retail

Retail Trade

South

5,400

43,262

0.05

%

% Sales

August-13

August-37

AutoZone, Inc.

Brunswick, GA

Retail

Retail Trade

South

5,400

39,854

0.05

%

% Sales

August-13

August-37

AutoZone, Inc.

Augusta, GA

Retail

Retail Trade

South

5,400

34,138

0.04

%

% Sales

August-13

August-37

AutoZone, Inc.

Macon, GA

Retail

Retail Trade

South

5,400

49,503

0.06

%

% Sales

August-13

August-37

AutoZone, Inc.

Collinsville, IL

Retail

Retail Trade

Midwest

5,400

36,178

0.04

%

% Sales

February-11

February-26

AutoZone, Inc.

Alton, IL

Retail

Retail Trade

Midwest

5,400

44,620

0.05

%

% Sales

February-11

February-26

AutoZone, Inc.

Wood River, IL

Retail

Retail Trade

Midwest

5,400

36,178

0.04

%

% Sales

February-11

February-26

AutoZone, Inc.

Belleville, IL

Retail

Retail Trade

Midwest

5,400

44,620

0.05

%

% Sales

February-11

February-26

AutoZone, Inc.

West Monroe, LA

Retail

Retail Trade

South

5,400

43,414

0.05

%

% Sales

February-11

February-26

AutoZone, Inc.

Baton Rouge, LA

Retail

Retail Trade

South

5,400

43,414

0.05

%

% Sales

February-11

February-26

AutoZone, Inc.

Lake Charles, LA

Retail

Retail Trade

South

6,480

43,414

0.05

%

% Sales

February-11

February-26

AutoZone, Inc.

Lake Charles, LA

Retail

Retail Trade

South

6,480

43,414

0.05

%

% Sales

February-11

February-26

AutoZone, Inc.

Baton Rouge, LA

Retail

Retail Trade

South

6,600

21,567

0.03

%

% Sales

March-09

March-14

AutoZone, Inc.

Baton Rouge, LA

Retail

Retail Trade

South

5,401

23,124

0.03

%

% Sales

April-09

April-09

AutoZone, Inc.

Hammond, LA

Retail

Retail Trade

South

6,480

40,121

0.05

%

% Sales

August-12

December-37

AutoZone, Inc.

Maplewood, MO

Retail

Retail Trade

Midwest

6,480

43,414

0.05

%

% Sales

February-11

February-26

AutoZone, Inc.

Overland, MO

Retail

Retail Trade

Midwest

6,480

43,414

0.05

%

% Sales

February-11

February-26

AutoZone, Inc.

St. Louis, MO

Retail

Retail Trade

Midwest

5,400

36,178

0.04

%

% Sales

February-11

February-26

AutoZone, Inc.

Breckenridge, MO

Retail

Retail Trade

Midwest

5,400

44,151

0.05

%

% Sales

February-11

February-26

AutoZone, Inc.

St. Peters, MO

Retail

Retail Trade

Midwest

5,400

48,957

0.06

%

% Sales

August-12

December-37

AutoZone, Inc.

St. Peters, MO

Retail

Retail Trade

Midwest

6,660

48,718

0.06

%

% Sales

August-12

December-37

AutoZone, Inc.

Gastonia, NC

Retail

Retail Trade

East

5,400

52,149

0.06

%

% Sales

January-11

February-26

AutoZone, Inc.

Charlotte, NC

Retail

Retail Trade

East

5,400

42,283

0.05

%

% Sales

January-11

February-26

AutoZone, Inc.

Statesville, NC

Retail

Retail Trade

East

5,400

50,739

0.06

%

% Sales

January-11

February-26

AutoZone, Inc.

Lenoir, NC

Retail

Retail Trade

East

5,400

50,739

0.06

%

% Sales

January-11

February-26

AutoZone, Inc.

Shelby, NC

Retail

Retail Trade

East

6,660

30,807

0.04

%

% Sales

August-12

December-37

AutoZone, Inc.

Kannapolis, NC

Retail

Retail Trade

East

6,408

24,069

0.03

%

% Sales

October-10

March-35

AutoZone, Inc.

Morgantown, NC

Retail

Retail Trade

East

5,400

19,451

0.02

%

% Sales

October-10

March-35

AutoZone, Inc.

Albuquerque, NM

Retail

Retail Trade

West

5,400

54,642

0.06

%

% Sales

August-13

December-38

AutoZone, Inc.

Farmington, NM

Retail

Retail Trade

West

5,400

41,479

0.05

%

% Sales

August-13

December-38

AutoZone, Inc.

Lexington, SC

Retail

Retail Trade

East

5,400

50,079

0.06

%

% Sales

August-13

December-38

AutoZone, Inc.

East Ridge, TN

Retail

Retail Trade

South

6,480

20,602

0.02

%

% Sales

October-08

October-13

AutoZone, Inc.

Knoxville, TN

Retail

Retail Trade

South

6,660

23,008

0.03

%

% Sales

May-09

May-14

AutoZone, Inc.

Austin, TX

Retail

Retail Trade

South

4,000

31,321

0.04

%

% Sales

January-11

February-26

AutoZone, Inc.

Waco, TX

Retail

Retail Trade

South

4,800

37,585

0.04

%

% Sales

January-11

February-26

AutoZone, Inc.

Corpus Christi, TX

Retail

Retail Trade

South

6,600

51,679

0.06

%

% Sales

January-11

February-26

AutoZone, Inc.

Corpus Christi, TX

Retail

Retail Trade

South

6,480

50,739

0.06

%

% Sales

January-11

February-26

AutoZone, Inc.

Victoria, TX

Retail

Retail Trade

South

6,480

50,739

0.06

%

% Sales

January-11

February-26

AutoZone, Inc.

San Antonio, TX

Retail

Retail Trade

South

5,400

42,283

0.05

%

% Sales

January-11

February-26

AutoZone, Inc.

Nederland, TX

Retail

Retail Trade

South

4,000

31,321

0.04

%

% Sales

January-11

February-26

AutoZone, Inc.

West Orange, TX

Retail

Retail Trade

South

4,000

31,321

0.04

%

% Sales

January-11

February-26

AutoZone, Inc.

Houston, TX

Retail

Retail Trade

South

5,400

53,488

0.06

%

% Sales

August-13

December-38

AutoZone, Inc.

San Antonio, TX

Retail

Retail Trade

South

5,400

55,795

0.07

%

% Sales

August-13

December-38

AutoZone, Inc. Total

302,230

2,216,594

2.59

%

Quebecor Printing USA

Doraville, GA

Industrial

Manufacturing

South

432,559

1,940,625

2.27

%

CPI

December-09

December-34

Quebecor Printing USA Total

432,559

1,940,625

2.27

%

Lucent Technologies, Inc.

Charlotte, NC

Industrial

Wholesale Trade

East

568,670

1,918,333

2.24

%

None

March-07

March-12

Lucent Technologies, Inc. Total

568,670

1,918,333

2.24

%

Information Resources, Inc. (8)

Chicago, IL

Office

Professional, Scientific and Technical Services

Midwest

30,797

683,141

0.80

%

CPI

October-13

October-23

Information Resources, Inc. (8)

Chicago, IL

Office

Professional, Scientific and Technical Services

Midwest

53,195

1,179,801

1.38

%

CPI

October-13

October-23

Information Resources, Inc.(8) Total

83,992

1,862,942

2.18

%

Sybron Dental Specialties, Inc. (Apogent Technologies, Inc)

Glendora, CA

Office

Manufacturing

West

25,000

489,246

0.57

%

CPI

December-18

December-43

Sybron Dental Specialties, Inc. (Apogent Technologies, Inc)

Romulus, MI

Industrial

Manufacturing

Midwest

220,000

1,281,052

1.50

%

CPI

December-18

December-43

Sybron Dental Specialties, Inc. (Apogent Technologies, Inc) Total

245,000

1,770,298

2.07

%

Unisource Worldwide, Inc.

Anchorage, AK

Warehouse/Distribution

Wholesale Trade

West

44,712

344,803

0.40

%

Stated

December-09

December-29

Unisource Worldwide, Inc.

Commerce, CA

Warehouse/Distribution

Wholesale Trade

West

411,561

1,422,080

1.66

%

Stated

April-10

April-30

Unisource Worldwide, Inc. Total

456,273

1,766,883

2.06

%

Ticker: WPC www.wpcarey.com

EXHIBIT E

Square

Annualized

Percentage of

Increase

Tenant/Lease Guarantor

Property Location

Property Type

Tenant Type

Region

Footage

Rent

Total Rent

Factor

Lease Expiration

Maximum Term

Brodart Company

Williamsport, PA

Industrial

Wholesale Trade

East

309,030

1,015,205

1.19

%

CPI

June-08

June-28

Brodart Company

Williamsport, PA

Industrial

Wholesale Trade

East

212,210

705,481

0.82

%

CPI

June-08

June-28

Brodart Company Total

521,240

1,720,686

2.01

%

Fiskars, Inc. (aka enviroWorks)

Apopka, FL

Industrial

Manufacturing

South

260,160

1,192,284

1.39

%

CPI

March-10

March-35

Fiskars, Inc. (aka enviroWorks)

Apopka, FL

Industrial

Manufacturing

South

109,377

501,237

0.59

%

CPI

March-10

March-35

Fiskars, Inc. (aka enviroWorks)

Apopka, FL

Industrial

Manufacturing

South

5,292

24,220

0.03

%

CPI

March-10

March-35

Fiskars, Inc. (aka enviroWorks) Total

374,829

1,717,741

2.01

%

SICOR, Inc.

San Diego, CA

Office

Manufacturing

West

35,951

835,705

0.98

%

CPI

July-09

July-49

SICOR, Inc.

San Diego, CA

Office

Manufacturing

West

36,205

835,705

0.98

%

CPI

July-09

July-49

SICOR, Inc. Total

72,156

1,671,410

1.95

%

CSS Industries, Inc. (Cleo, Inc)

Memphis, TN

Warehouse/Distribution

Accomodation and Food Services

South

614,274

958,496

1.12

%

CPI

December-10

December-15

CSS Industries, Inc. (Cleo, Inc)

Memphis, TN

Warehouse/Distribution

Accomodation and Food Services

South

391,896

611,504

0.71

%

CPI

December-10

December-15

CSS Industries, Inc. (Cleo, Inc) Total

1,006,170

1,570,000

1.83

%

BE Aerospace, Inc.

Lenexa, KS

Industrial

Manufacturing

Midwest

130,094

617,799

0.72

%

Stated

September-17

September-37

BE Aerospace, Inc.

Winston-Salem, NC

Warehouse/Distribution

Manufacturing

East

90,800

248,458

0.29

%

Stated

September-17

September-37

BE Aerospace, Inc.

Winston-Salem, NC

Industrial

Manufacturing

East

74,026

202,553

0.24

%

Stated

September-17

September-37

BE Aerospace, Inc.

Winston-Salem, NC

Industrial

Manufacturing

East

50,200

137,364

0.16

%

Stated

September-17

September-37

BE Aerospace, Inc.

Winston-Salem, NC

Office

Manufacturing

East

43,788

119,813

0.14

%

Stated

September-17

September-37

BE Aerospace, Inc.

Winston-Salem, NC

Industrial

Manufacturing

East

15,402

42,146

0.05

%

Stated

September-17

September-37

BE Aerospace, Inc.

Dallas, TX

Industrial

Manufacturing

South

22,680

117,676

0.14

%

Stated

September-17

September-37

BE Aerospace, Inc. Total

426,990

1,485,809

1.73

%

Sprint Spectrum, L.P.

Rio Rancho, NM

Office

Information

West

94,730

1,424,561

1.66

%

None

May-11

May-21

Sprint Spectrum, L.P. Total

94,730

1,424,561

1.66

%

Lowe’s Home Improvement Warehouse

Bellevue, WA

Retail

Wholesale Trade

West

143,352

1,391,554

1.62

%

CPI & % Sales

August-18

August-18

Lowe’s Home Improvement Warehouse Total

143,352

1,391,554

1.62

%

Amerisure Mutual Insurance Co.

Charleston, SC

Office

Finance and Insurance

East

67,160

729,195

0.85

%

None

December-07

December-28

Amerisure Mutual Insurance Co.

Charleston, SC

Office

Finance and Insurance

East

22,557

246,235

0.29

%

None

December-07

December-28

Amerisure Mutual Insurance Co.

Charleston, SC

Office

Finance and Insurance

East

38,037

406,826

0.48

%

None

December-07

December-28

Amerisure Mutual Insurance Co. Total

127,754

1,382,256

1.61

%

BellSouth Telecommunications

Lafayette, LA

Office

Information

South

66,846

1,351,150

1.58

%

Stated

December-09

December-39

BellSouth Telecommunications Total

66,846

1,351,150

1.58

%

AT&T Corporation

Bridgeton, MO

Industrial

Information

Midwest

85,510

1,257,410

1.47

%

Stated

September-11

June-21

AT&T Corporation Total

85,510

1,257,410

1.47

%

United States Postal Service (Bloomington, IL)

Bloomingdale, IL

Office

Transportation and Warehousing

Midwest

60,000

1,233,000

1.44

%

Stated

April-11

April-11

United States Postal Service (Bloomington, IL) Total

60,000

1,233,000

1.44

%

Livho Inc. (Holiday Inn)

Livonia, MI

Hospitality

Accomodation and Food Services

Midwest

158,000

1,200,000

1.40

%

Stated

January-07

January-08

Livho Inc. Total

158,000

1,200,000

1.40

%

Hologic, Inc. (9)

Danbury, CT

Industrial

Manufacturing

East

22,335

210,526

0.25

%

CPI

August-22

August-42

Hologic, Inc. (9)

Bedford, MA

Industrial

Manufacturing

East

74,520

925,612

1.08

%

CPI

August-22

August-42

Hologic, Inc.(9) Total

96,855

1,136,138

1.33

%

Anthony’s Manufacturing Company, Inc.

San Fernando, CA

Industrial

Wholesale Trade

West

7,220

43,127

0.05

%

CPI/Market

May-12

May-12

Anthony’s Manufacturing Company, Inc.

San Fernando, CA

Industrial

Wholesale Trade

West

40,285

240,527

0.28

%

CPI/Market

May-12

May-12

Anthony’s Manufacturing Company, Inc.

San Fernando, CA

Industrial

Wholesale Trade

West

39,920

238,343

0.28

%

CPI/Market

May-12

May-12

Anthony’s Manufacturing Company, Inc.

San Fernando, CA

Industrial

Wholesale Trade

West

95,420

569,819

0.67

%

CPI/Market

May-12

May-12

Anthony’s Manufacturing Company, Inc. Total

182,845

1,091,816

1.27

%

Omnicom Group, Inc.

Venice, CA

Office

Professional, Scientific and Technical Services

West

77,719

1,082,685

1.26

%

Stated

September-10

September-30

Omnicom Group, Inc. Total

77,719

1,082,685

1.26

%

Lockheed Martin Corporation

King of Prussia, PA

Office

Professional, Scientific and Technical Services

East

88,578

819,347

0.96

%

Stated

July-08

July-08

Lockheed Martin Corporation

Webster, TX

Industrial

Professional, Scientific and Technical Services

South

30,176

241,416

0.28

%

Stated

December-07

December-07

Lockheed Martin Corporation Total

118,754

1,060,763

1.24

%

Werner Co.

Erlanger, KY

Warehouse/Distribution

Manufacturing

East

409,600

762,048

0.89

%

CPI

July-15

July-21

Werner Co.

Erlanger, KY

Warehouse/Distribution

Manufacturing

East

162,604

274,365

0.32

%

CPI

July-15

July-21

Werner Co. Total

572,204

1,036,413

1.21

%

Ticker: WPC www.wpcarey.com

EXHIBIT E

					Square		Annualized		Percentage of			Increase
Tenant/Lease Guarantor	Property Location	Property Type	Tenant Type	Region	Footage		Rent		Total Rent			Factor	Lease Expiration	Maximum Term
United Stationers Supply Company	New Orleans, LA	Warehouse/Distribution	Wholesale Trade	South		59,000		366,539		0.43	%	CPI	March-10	March-30
United Stationers Supply Company	Memphis, TN	Warehouse/Distribution	Wholesale Trade	South		75,000		317,385		0.37	%	CPI	March-10	March-30
United Stationers Supply Company	San Antonio, TX	Warehouse/Distribution	Wholesale Trade	South		63,098		350,913		0.41	%	CPI	March-10	March-30
United Stationers Supply Company Total						197,098		1,034,837		1.21	%
United Space Alliance LLC	Webster, TX	Warehouse/Distribution	Professional, Scientific and Technical Services	South		88,200		505,020		0.59	%	Stated	September-06	September-16
United Space Alliance LLC	Webster, TX	Industrial	Professional, Scientific and Technical Services	South		38,150		381,500		0.45	%	None	April-06	April-11
United Space Alliance LLC	Webster, TX	Industrial	Professional, Scientific and Technical Services	South		7,151		71,508		0.08	%	None	April-06	April-11
United Space Alliance LLC	Webster, TX	Industrial	Professional, Scientific and Technical Services	South		6,104		61,040		0.07	%	None	April-06	April-11
United Space Alliance LLC Total						139,605		1,019,068		1.19	%
Wal-Mart Stores, Inc.	West Mifflin, PA	Retail	Retail Trade	East		121,053		1,017,233		1.19	%	CPI	January-07	January-37
Wal-Mart Stores, Inc. Total						121,053		1,017,233		1.19	%
GATX Logistics, Inc. (aka Sears logistics services)	Jacksonville, FL	Warehouse/Distribution	Wholesale Trade	South		240,000		969,946		1.13	%	None	September-07	September-07
GATX Logistics, Inc. (aka Sears logistics services) Total						240,000		969,946		1.13	%
Swat-Fame, Inc. (City of Industry, CA)	City of Industry, CA	Industrial	Manufacturing	West		233,205		949,663		1.11	%	CPI	December-10	December-20
Swat-Fame, Inc. (City of Industry, CA) Total						233,205		949,663		1.11	%
Pre Finish Metals, Inc.	Walbridge, OH	Industrial	Manufacturing	Midwest		313,704		892,091		1.04	%	CPI	June-08	June-28
Pre Finish Metals, Inc. Total						313,704		892,091		1.04	%
NVR L.P. (aka NV Ryan, Inc.)	Thurmont, MD	Industrial	Construction	East		150,468		687,992		0.80	%	CPI	March-14	March-30
NVR L.P. (aka NV Ryan, Inc.)	Farmington, NY	Industrial	Construction	East		29,273		132,805		0.16	%	CPI	March-14	March-30
NVR L.P. (aka NV Ryan, Inc.) Total						179,741		820,797		0.96	%
Hibbett Sporting Goods, Inc.	Birmingham, AL	Warehouse/Distribution	Retail Trade	South		219,312		819,935		0.96	%	CPI	December-14	December-29
Hibbett Sporting Goods, Inc. Total						219,312		819,935		0.96	%
AMS Holding Group (Vertafore, Inc.)	College Station, TX	Office	Information	South		52,552		765,101		0.89	%	Stated	December-09	December-15
AMS Holding Group (Vertafore, Inc.) Total						52,552		765,101		0.89	%
Bell South Entertainment, Inc.	Ft. Lauderdale, FL	Warehouse/Distribution	Information	South		80,450		593,664		0.69	%	Stated	June-09	June-19
Bell South Entertainment, Inc. Total						80,450		593,664		0.69	%
Western Union Financial Services, Inc.	Bridgeton, MO	Office	Finance and Insurance	Midwest		78,080		573,221		0.67	%	Stated	November-16	November-26
Western Union Financial Services, Inc. Total						78,080		573,221		0.67	%
Aviva France (fka Tellit Assurances — Sun Alliance) (3)	Rouen, France	Office	Finance and Insurance	Europe		27,593		581,141		0.68	%	INSEE(2)	September-10	September-10
Aviva France (fka Tellit Assurances — Sun Alliance)(3)Total						27,593		581,141		0.68	%
Deloro Stellite (DS) Group Ltd. Total	Goshen, IN	Industrial	Manufacturing	Midwest		52,000		563,715		0.66	%	CPI	February-10	February-35
Deloro Stellite (DS) Group Ltd. Total Total						52,000		563,715		0.66	%
Yale Security, Inc.	Lemont, IL	Industrial	Manufacturing	Midwest		113,133		519,000		0.61	%	Stated	March-11	March-11
Yale Security, Inc. Total						113,133		519,000		0.61	%
Childtime Childcare, Inc. (10)	Chandler, AZ	Other Properties	Health Care and Social Assistance	West		2,026		35,254		0.04	%	CPI	January-16	January-41
Childtime Childcare, Inc. (10)	Tucson, AZ	Other Properties	Health Care and Social Assistance	West		2,165		36,751		0.04	%	CPI	January-16	January-41
Childtime Childcare, Inc. (10)	Alhambra, CA	Other Properties	Health Care and Social Assistance	West		2,262		53,011		0.06	%	CPI	January-16	January-41
Childtime Childcare, Inc. (10)	Chino, CA	Other Properties	Health Care and Social Assistance	West		2,166		46,300		0.05	%	CPI	January-16	January-41
Childtime Childcare, Inc. (10)	Garden Grove, CA	Other Properties	Health Care and Social Assistance	West		2,848		45,526		0.05	%	CPI	January-16	January-41
Childtime Childcare, Inc. (10)	Tustin, CA	Other Properties	Health Care and Social Assistance	West		2,264		52,598		0.06	%	CPI	January-16	January-41
Childtime Childcare, Inc. (10)	Westland, MI	Other Properties	Health Care and Social Assistance	Midwest		2,472		26,376		0.03	%	CPI	January-16	January-41
Childtime Childcare, Inc. (10)	Canton, MI	Other Properties	Health Care and Social Assistance	Midwest		2,311		47,797		0.06	%	CPI	January-16	January-41
Childtime Childcare, Inc. (10)	Westland, MI	Other Properties	Health Care and Social Assistance	Midwest		2,787		34,583		0.04	%	CPI	January-16	January-41
Childtime Childcare, Inc. (10)	Carrollton, TX	Other Properties	Health Care and Social Assistance	South		2,438		45,991		0.05	%	CPI	January-16	January-41
Childtime Childcare, Inc. (10)	Duncanville, TX	Other Properties	Health Care and Social Assistance	South		2,438		45,991		0.05	%	CPI	January-16	January-41
Childtime Childcare, Inc. (10)	Lewisville, TX	Other Properties	Health Care and Social Assistance	South		2,440		45,991		0.05	%	CPI	January-16	January-41
Childtime Childcare, Inc.(10) Total						28,617		516,169		0.60	%
ALCOA Inc	Salisbury, NC	Warehouse/Distribution	Manufacturing	East		200,000		471,082		0.55	%	Stated	June-10	June-20
ALCOA Inc Total						200,000		471,082		0.55	%
Jada Toys, Inc.	City of Industry, CA	Industrial	Manufacturing	West		92,595		444,000		0.52	%	None	April-12	April-17
Jada Toys, Inc. Total						92,595		444,000		0.52	%
Alstom Power Inc.	Erlanger, KY	Warehouse/Distribution	Professional, Scientific and Technical Services	East		197,400		443,370		0.52	%	Stated	May-13	May-13
Alstom Power Inc. Total						197,400		443,370		0.52	%
Affiliated Foods Southwest, Inc.	Hope, AR	Retail	Wholesale Trade	South		35,784		85,882		0.10	%	CPI	March-07	March-37
Affiliated Foods Southwest, Inc.	Little Rock, AR	Retail	Wholesale Trade	South		21,932		34,745		0.04	%	CPI	March-12	March-22
Affiliated Foods Southwest, Inc.	Little Rock, AR	Retail	Wholesale Trade	South		64,358		295,611		0.35	%	Stated	January-09	January-24
Affiliated Foods Southwest, Inc. Total						122,074		416,238		0.49	%

Ticker: WPC www.wpcarey.com

EXHIBIT E

					Square		Annualized		Percentage of			Increase
Tenant/Lease Guarantor	Property Location	Property Type	Tenant Type	Region	Footage		Rent		Total Rent			Factor	Lease Expiration	Maximum Term
Laboratoires Nycomed Amersham (3)	Paris, France	Office	Manufacturing	Europe		15,404		407,179		0.48	%	INSEE(2)	January-10	June-15
Laboratoires Nycomed Amersham(3)Total						15,404		407,179		0.48	%
Kmart Corporation	Citrus Heights, CA	Retail	Retail Trade	West		89,760		180,000		0.21	%	None	May-11	May-26
Kmart Corporation	Drayton Plains, MI	Retail	Retail Trade	Midwest		103,018		210,000		0.25	%	None	March-11	March-26
Kmart Corporation Total						192,778		390,000		0.46	%
Industrial Data Systems Corp. (aka Petrocon Engineering, Inc.)	Beaumont, TX	Office	Professional, Scientific and Technical Services	South		34,300		296,352		0.35	%	Stated	December-11	December-14
Industrial Data Systems Corp. (aka Petrocon Engineering, Inc.)	Beaumont, TX	Office	Professional, Scientific and Technical Services	South		8,580		74,217		0.09	%	Stated	December-11	December-14
Industrial Data Systems Corp. (aka Petrocon Engineering, Inc.) Total						42,880		370,569		0.43	%
Faurecia Exhaust Systems, Inc. (fka AP Parts Manufacturing, Co.)	Toledo, OH	Office	Manufacturing	Midwest		61,000		336,000		0.39	%	CPI	November-22	November-22
Faurecia Exhaust Systems, Inc. (fka AP Parts Manufacturing, Co.) Total						61,000		336,000		0.39	%
Pioneer Credit Recovery, Inc.	Moorestown, NJ	Office	Administrative and Support and Waste Management and Remediation Services	East		30,000		330,000		0.39	%	Fixed	April-12	April-18
Pioneer Credit Recovery, Inc. Total						30,000		330,000		0.39	%
S&ME, Inc.	Raleigh, NC	Office	Professional, Scientific and Technical Services	East		27,770		291,204		0.34	%	Stated	July-16	July-26
S&ME, Inc. Total						27,770		291,204		0.34	%
Roof Center, Inc., The	Manassas, VA	Industrial	Wholesale Trade	East		60,446		285,115		0.33	%	Fixed	July-09	July-09
Roof Center, Inc., The Total						60,446		285,115		0.33	%
Direction Regional des Affaires Sanitaires et Sociales(DRASS) (3)	Rouen, France	Office	Public Administration	Europe		19,214		282,597		0.33	%	INSEE(2)	March-06	March-06
Direction Regional des Affaires Sanitaires et Sociales(3) Total						19,214		282,597		0.33	%
SARL S3T (11)	Joue Les Tours, France	Warehouse	Information	Europe		55,594		281,433		0.33	%	INSEE(2)	May-08	May-08
SARL S3T(11) Total						55,594		281,433		0.33	%
Winn-Dixie, Inc.	Montgomery, AL	Retail	Retail Trade	South		32,690		138,933		0.16	%	% Sales	March-08	March-38
Winn-Dixie, Inc.	Brewton, AL	Retail	Retail Trade	South		30,625		134,500		0.16	%	% Sales	October-10	October-30
Winn-Dixie, Inc. Total						63,315		273,433		0.32	%
US WEST Communications, Inc. (Qwest Communications)	Scottsdale, AZ	Industrial	Information	West		2,900		175,735		0.21	%	Fixed	February-07	February-17
US WEST Communications, Inc. (Qwest Communications)	Scottsdale, AZ	Industrial	Information	West		1,560		94,535		0.11	%	Fixed	February-07	February-17
US WEST Communications, Inc. (Qwest Communications) Total						4,460		270,270		0.32	%
Honeywell, Inc.	Houston, TX	Land	Manufacturing	South		1		36,000		0.04	%	None	September-10	September-10
Honeywell, Inc.	Houston, TX	Warehouse/Distribution	Manufacturing	South		32,320		228,828		0.27	%	None	September-10	September-10
Honeywell, Inc. Total						32,321		264,828		0.31	%
Northern Tube, Inc.	Pinconning, MI	Industrial	Manufacturing	Midwest		220,588		254,538		0.30	%	CPI	July-13	December-22
Northern Tube, Inc. Total						220,588		254,538		0.30	%
DSM Food Specialties (11)	Phalemphin, France	Warehouse/Distribution	Wholesale Trade	Europe		29,870		268,680		0.31	%	INSEE(2)	May-08	May-08
DSM Food Specialties(11)Total						29,870		268,680		0.31	%
Penberthy Products, Inc.	Prophetstown, IL	Industrial	Manufacturing	Midwest		161,878		237,486		0.28	%	CPI	April-11	April-26
Penberthy Products, Inc. Total						161,878		237,486		0.28	%
Department de Seine St. Denis(3)	Paris, France	Office	Public Administration	Europe		8,451		235,348		0.27	%	INSEE(2)	December-11	December-11
Department de Seine St. Denis (3) Total						8,451		235,348		0.27	%
La Region Ile de France(3)	Paris, France	Office	Public Administration	Europe		7,613		212,877		0.25	%	INSEE(2)	October-12	October-12
La Region Ile de France(3) Total						7,613		212,877		0.25	%
Ace Hardware (Bay Area Blvd, Houston TX)	Houston, TX	Retail	Retail Trade	South		23,569		212,121		0.25	%	Stated	March-16	March-26
Ace Hardware (Bay Area Blvd, Houston TX) Total						23,569		212,121		0.25	%
Verizon Communications, Inc.	Milton, VT	Industrial	Information	East		30,624		208,467		0.24	%	Stated	February-13	February-13
Verizon Communications, Inc. Total						30,624		208,467		0.24	%
GIE Groupe Vauban(3)	Paris, France	Office	Finance and Insurance	Europe		7,613		203,653		0.24	%	INSEE(2)	September-12	September-12
GIE Groupe Vauban(3) Total						7,613		203,653		0.24	%
Xerox Corporation	Hot Springs, AR	Retail	Manufacturing	South		36,850		171,721		0.20	%	Fixed	May-11	May-21
Xerox Corporation Total						36,850		171,721		0.20	%
Continental Airlines, Inc.	Houston, TX	Warehouse/Distribution	Transportation and Warehousing	South		25,125		157,200		0.18	%	Stated	July-08	July-08
Continental Airlines, Inc. Total						25,125		157,200		0.18	%

Ticker: WPC www.wpcarey.com

EXHIBIT E

					Square		Annualized		Percentage of			Increase
Tenant/Lease Guarantor	Property Location	Property Type	Tenant Type	Region	Footage		Rent		Total Rent			Factor	Lease Expiration	Maximum Term
Golder Associates Inc.	Houston, TX	Office	Professional, Scientific and Technical Services	South		3,330		30,768		0.04	%	Fixed	October-10	October-20
Golder Associates Inc.	Houston, TX	Office	Professional, Scientific and Technical Services	South		8,066		72,600		0.08	%	None	October-10	October-20
Golder Associates Inc. Total						11,396		103,368		0.12	%
Custom Training Group	Houston, TX	Office	Educational Services	South		4,456		41,172		0.05	%	Stated	December-08	December-08
Custom Training Group	Houston, TX	Office	Educational Services	South		7,248		59,400		0.07	%	Stated	December-08	December-11
Custom Training Group Total						11,704		100,572		0.12	%
RATP (3)	Paris, France	Office	Transportation and Warehousing	Europe		3,407		93,143		0.11	%	INSEE(2)	November-09	November-09
RATP (3) Total						3,407		93,143		0.11	%
L’Agence Nationale Pour L’Emploi (ANPE) (3)	Paris, France	Office	Public Administration	Europe		3,633		79,067		0.09	%	INSEE(2)	June-07	June-15
L’Agence Nationale Pour L’Emploi(3)Total						3,633		79,067		0.09	%
Bike Barn Holding Company, Inc. (Bay Area Blvd, Houston, TX)	Houston, TX	Retail	Retail Trade	South		6,216		71,280		0.08	%	Stated	August-10	August-15
Bike Barn Holding Company, Inc. Total						6,216		71,280		0.08	%
The Boeing Company	Houston, TX	Warehouse/Distribution	Manufacturing	South		10,960		71,040		0.08	%	Fixed	January-09	January-13
The Boeing Company Total						10,960		71,040		0.08	%
Kenyon International Emergency Services (Pepsi)	Houston, TX	Warehouse/Distribution	Manufacturing	South		17,725		70,014		0.08	%	Stated	October-09	October-19
Kenyon International Emergency Services (Pepsi) Total						17,725		70,014		0.08	%
Richard Millburn Academy (Century Plaza Drive Houston, TX)	Houston, TX	Warehouse/Distribution	Educational Services	South		7,860		69,840		0.08	%	Stated	September-08	September-13
Richard Millburn Academy (Century Plaza Drive Houston, TX) Total						7,860		69,840		0.08	%
AFPOLS (3)	Paris, France	Office	Public Administration	Europe		3,488		66,667		0.08	%	INSEE(2)	June-08	June-08
AFPOLS(3) Total						3,488		66,667		0.08	%
Raytheon Company	Webster, TX	Industrial	Professional, Scientific and Technical Services	South		9,138		65,796		0.08	%	Stated	July-10	July-25
Raytheon Company Total						9,138		65,796		0.08	%
Trans American Automation Inc. (Century Plaza Drive Houston, TX)	Houston, TX	Office	Manufacturing	South		5,632		48,660		0.06	%	Stated	February-07	February-07
Trans American Automation Inc. (Century Plaza Drive Houston, TX) Total						5,632		48,660		0.06	%
Olmsted Kirk Paper Company (Beaumont, TX)	Beaumont, TX	Office	Wholesale Trade	South		5,760		41,305		0.05	%	Stated	December-07	December-07
Olmsted Kirk Paper Company (Beaumont, TX) Total						5,760		41,305		0.05	%
G.T. of the Front Range	Broomfield, CO	Office	Retail Trade	West		5,488		31,956		0.04	%	Stated	June-11	June-11
G.T. of the Front Range Total						5,488		31,956		0.04	%
Facilities Management Solutions	Webster, TX	Warehouse/Distribution	Administrative and Support and Waste Management and Remediation Services	South		3,600		30,240		0.04	%	None	December-05	December-05
Facilities Management Solutions Total						3,600		30,240		0.04	%
CGEC Keter	Paris, France	Office	Real Estate and Rental and Leasing	Europe		2,301		14,274		0.02	%	INSEE(2)	December-14	December-14
CGEC Keter Total						2,301		14,274		0.02	%
Marathon System Service	Broomfield, CO	Office	Information	West		2,283		14,177		0.02	%	None	November-07	November-07
Marathon System Service Total						2,283		14,177		0.02	%
Sundew Technologies	Broomfield, CO	Office	Administrative and Support and Waste Management and Remediation Services	West		3,745		12,805		0.01	%	None	October-07	October-07
Sundew Technologies Total						3,745		12,805		0.01	%
Appointment Quest	Broomfield, CO	Office	Information	West		1,670		12,024		0.01	%	Stated	May-09	May-09
Appointment Quest Total						1,670		12,024		0.01	%

Ticker: WPC www.wpcarey.com

EXHIBIT E

Square

Annualized

Percentage of

Increase

Tenant/Lease Guarantor

Property Location

Property Type

Tenant Type

Region

Footage

Rent

Total Rent

Factor

Lease Expiration

Maximum Term

Red Cloud Telecom Products, Inc.(12)

Broomfield, CO

Office

Information

West

2,093

12,000

0.01

%

Stated

N/A

N/A

Red Cloud Telecom Products, Inc. Total(12)

2,093

12,000

0.01

%

Aardvark IT Solutions

Broomfield, CO

Office

Professional, Scientific and Technical Services

West

3,069

10,742

0.01

%

None

April-08

N/A

Aardvark IT Solutions Total

3,069

10,742

0.01

%

Abilis

Paris, France

Office

Other Services (except Public Administration)

Europe

0

10,432

0.01

%

INSEE(2)

February-07

January-08

Abilis Total

0

10,432

0.01

%

Rhino Linings

Broomfield, CO

Office

Retail Trade

West

2,532

9,849

0.01

%

None

June-08

June-08

Rhino Linings Total

2,532

9,849

0.01

%

Ass Comite Dept du Tourisme

Paris, France

Office

Tourism

Europe

0

9,843

0.01

%

INSEE(2)

June-07

June-07

Ass Comite Dept du Tourisme Total

0

9,843

0.01

%

Classic Cuisines Catering

Bloomingdale, IL

Office

Accomodation and Food Services

Midwest

1,000

9,000

0.01

%

None

October-08

October-08

Classic Cuisines Catering Total

1,000

9,000

0.01

%

Fine Art Mannequins, LLC

Broomfield, CO

Office

Professional, Scientific and Technical Services

West

2,209

8,836

0.01

%

None

April-07

April-09

Fine Art Mannequins, LLC Total

2,209

8,836

0.01

%

AT&T Wireless Service(12)

Broomfield, CO

Office

Information

West

730

8,208

0.01

%

Stated

N/A

N/A

AT&T Wireless Service Total(12)

730

8,208

0.01

%

Remote Access Diagnostic Radiography

Broomfield, CO

Office

Health Care and Social Assistance

West

2,093

7,765

0.01

%

Stated

October-06

October-06

Remote Access Diagnostic Radiography Total

2,093

7,765

0.01

%

EarthRoamer.com

Broomfield, CO

Office

Manufacturing

West

7,500

7,500

0.01

%

None

April-07

April-07

EarthRoamer.com Total

7,500

7,500

0.01

%

Orange(3)

Paris, France

Office

Information

Europe

0

7,462

0.01

%

None

June-15

N/A

Orange(3)Total

0

7,462

0.01

%

Photo Center

Hot Springs, AR

Retail

Manufacturing

South

340

4,800

0.01

%

None

N/A

N/A

Photo Center Total

340

4,800

0.01

%

Byron Jacquot(12)

Broomfield, CO

Office

Arts, Entertainment & Recreation

West

1,105

3,978

0.00

%

None

September-06

September-06

Byron Jacquot Total (12)

1,105

3,978

0.00

%

DLH Management Corporation

Broomfield, CO

Office

Construction

West

1,510

2,280

0.00

%

None

February-07

February-07

DLH Management Corporation Total

1,510

2,280

0.00

%

Tempered Air Services, Inc.

Broomfield, CO

Office

N/A

West

1,200

1,200

0.00

%

None

December-06

December-06

Tempered Air Services, Inc. Total

1,200

1,200

0.00

%

Vacant

Houston, TX

Office

N/A

South

5,742

—

—

N/A

N/A

N/A

Vacant

Bloomingdale, IL

Office

N/A

Midwest

14,084

—

—

N/A

N/A

N/A

Vacant

Travelers Rest, SC

Industrial

N/A

East

181,700

—

—

N/A

N/A

N/A

Vacant

Reno, NV

Office

N/A

West

53,158

—

—

N/A

N/A

N/A

Vacant

Bloomingdale, IL

Office

N/A

Midwest

36,967

—

—

N/A

N/A

N/A

Vacant

Moorestown, NJ

Office

N/A

East

35,567

—

—

N/A

N/A

N/A

Vacant

Webster, TX

Industrial

N/A

South

17,859

—

—

N/A

N/A

N/A

Vacant

Houston, TX

Office

N/A

South

7,306

—

—

N/A

N/A

N/A

Vacant

Salisbury, NC

Various

N/A

East

110,965

N/A

N/A

N/A

Vacant

Broomfield, CO

Office

N/A

West

67,228

—

—

N/A

N/A

N/A

Vacant Total

530,576

Grand Total

16,067,785

85,645,055

100

%

(1)	WPC LLC owns 95% of this property. Rents reflect a conversion rate of 1.2688 USD/EUR as of September 30, 2006.
(2)	INSEE construction index, an index published quarterly by the French Government.
(3)	WPC LLC owns 75% of this property. Rents reflect a conversion rate of 1.2688 USD/EUR as of September 30, 2006.
(4)	WPC LLC owns 22.5% of this property. Rents reflect a conversion rate of 1.2688 USD/EUR as of September 30, 2006.
(5)	WPC LLC owns 40% of this property.
(6)	WPC LLC owns 74.583% of this property.
(7)	WPC LLC owns 50% of this property.
(8)	WPC LLC owns 33.33% of this property.
(9)	WPC LLC owns 36.00% of this property.
(10)	WPC LLC owns 33.93% of this property.
(11)	WPC LLC owns 80% of this property. Rents reflect a conversion rate of 1.2688 USD/EUR as of September 30, 2006.
(12)	Tenant is occupying property on a month-to-month basis

Ticker: WPC www.wpcarey.com