W. P. Carey (WPC) 8-K Regulation FD Disclosure

Exhibit 99.1

W. P. Carey & Co. LLC
Supplemental Operating and Financial Data

As of September 30, 2011

Important Disclosures About this Supplemental Package

As used in this supplemental package, the terms “W.P. Carey,” “WPC LLC,” “the Company,” “we,” “us” and “our” include W. P. Carey & Co. LLC, its consolidated subsidiaries and predecessors, unless otherwise indicated. “GAAP” means generally accepted accounting principles in the United States. “CPA^® REITs” means Corporate Property Associates 15 Incorporated (“CPA^®:15”), Corporate Property Associates 16 — Global Incorporated (“CPA^®:16 — Global”) and Corporate Property Associates 17 — Global Incorporated (“CPA^®:17 — Global”). The “REITs” means the CPA^® REITs and Carey Watermark Investors Incorporated (“CWI”). Corporate Property Associates 14 Incorporated (“CPA^®:14”) was part of the CPA^®REITs until its merger with a subsidiary of CPA^®:16 — Global on May 2, 2011 (the “CPA^®:14/16 Merger”).

Important Note Regarding Non-GAAP Financial Measures

This supplemental package includes non-GAAP financial measures, including earnings before interest, taxes, depreciation and amortization (“EBITDA”), funds from operations — as adjusted (“AFFO”), adjusted cash flow from operating activities and revenue stability analysis. A description of these non-GAAP financial measures and reconciliations to the most directly comparable GAAP measures are provided in this supplemental package.

Forward-Looking Statements

This supplemental package contains forward-looking statements within the meaning of the Federal securities laws. It is important to note that our actual results could be materially different from those projected in such forward-looking statements. You should exercise caution in relying on forward-looking statements as they involve known and unknown risks, uncertainties and other factors that may materially affect our future results, performance, achievements or transactions. Information on factors which could impact actual results and forward-looking statements contained herein is included in our filings with the Securities and Exchange Commission, including but not limited to our Annual Report on Form 10-K for the year ended December 31, 2010. We do not undertake to revise or update any forward-looking statements.

W. P. CAREY & CO. LLC
Supplemental Operating and Financial Data
As of September 30, 2011

Contents	Page No.
Company Overview		1
Financial Highlights		2
Reconciliation of Net Income to EBITDA		3
Reconciliation of Net Income to Funds from Operations — as Adjusted (AFFO)		4
Adjusted Cash Flow from Operating Activities		6
Revenue Stability Analysis		7
Portfolio Debt Overview		9
Detailed Debt Summary		10
2011 Investment Activity		11
Portfolio Analysis — Rent Contribution and Historical Occupancy		15
Portfolio and Diversification Analysis by Property Type		16
Portfolio and Diversification Analysis by Tenant Industry		17
Portfolio and Diversification Analysis by Geography		18
Portfolio Lease Maturity Analysis		19
Consolidated Balance Sheets		20
Consolidated Statements of Income		21
Consolidated Statements of Cash Flows		22
Detailed Property Summary		23

WPC 9/30/2011 Supplemental 8-K

W. P. CAREY & CO. LLC
Company Overview
September 30, 2011

Key Company Contacts		Executive Offices
Wm. Polk Carey	Chairman of the Board and Director	50 Rockefeller Plaza
Trevor P. Bond	President, Chief Executive Officer and Director	New York, NY 10020
Mark J. DeCesaris	Managing Director, Chief Financial Officer	Tel: 1-800-WPCAREY or (212) 492-1100
Thomas E. Zacharias	Managing Director, Chief Operating Officer	Fax: (212) 492-8922
Susan C. Hyde	Managing Director, Director of Investor Relations	Web Site Address: www.wpcarey.com
Jason E. Fox	Managing Director, Co-Head of Domestic Investments
Jeffrey S. Lefleur	Managing Director, European Investments
H. Cabot Lodge, III	Managing Director, Head of European Investments
Gino M. Sabatini	Managing Director, Co-Head of Domestic Investments
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
Analyst Coverage
Andrew T. DiZio	Janney Montgomery Scott LLC

	Third Quarter			Second Quarter			First Quarter			Fourth Quarter			Third Quarter
Stock Data (NYSE: WPC)	2011			2011			2011			2010			2010
High Price	$	42.72		$	41.82		$	38.00		$	33.97		$	30.86
Low Price		32.76			34.75			29.75			28.83			26.49
Closing Price		36.43			40.50			35.70			31.29			28.95
Distributions declared per share — annualized	$	2.24		$	2.20		$	2.05		$	2.04		$	2.03
															��
Distribution yield (annualized distribution / closing stock price)		6.15	%		5.43	%		5.74	%		6.52	%		7.01	%
Shares outstanding at quarter end		39,717,286			39,707,156			39,614,250			39,454,847			39,481,027
Market value of outstanding shares at quarter end (in thousands)	$	1,446,901		$	1,608,140		$	1,414,229		$	1,234,542		$	1,142,976

WPC 9/30/2011 Supplemental 8-K — 1

W. P. CAREY & CO. LLC
Financial Highlights
(in thousands, except per share amounts)

These financial highlights include non-GAAP financial measures, including EBITDA, AFFO and adjusted cash flow from operating activities. A description of these non-GAAP financial measures and reconciliations to the most directly comparable GAAP measures is provided on the following pages.

	Three Months Ended										Nine Months Ended September 30,
	September 30, 2011		June 30, 2011 (b)		March 31, 2011		December 31, 2010		September 30, 2010		2011(b)		2010
EBITDA(a)
Investment management	$	21,631	$	58,912	$	21,359	$	27,584	$	10,295	$	101,902	$	42,324
Real estate ownership		23,017		57,673		19,513		14,150		19,838		102,810		56,431
Total	$	44,648	$	116,585	$	40,872	$	41,734	$	30,133	$	204,712	$	98,755
AFFO(a)
Investment management	$	18,546	$	48,157	$	20,650	$	18,228	$	7,229	$	87,353	$	32,045
Real estate ownership		23,004		24,611		18,492		18,049		20,378		66,291		62,548
Total	$	41,550	$	72,768	$	39,142	$	36,277	$	27,607	$	153,644	$	94,593
EBITDA Per Share (Diluted)(a)
Investment management	$	0.54	$	1.46	$	0.53	$	0.69	$	0.26	$	2.52	$	1.06
Real estate ownership		0.57		1.44		0.49		0.35		0.50		2.54		1.42
Total	$	1.11	$	2.90	$	1.02	$	1.04	$	0.76	$	5.06	$	2.48
AFFO Per Share (Diluted)(a)
Investment management	$	0.46	$	1.20	$	0.51	$	0.45	$	0.18	$	2.16	$	0.81
Real estate ownership		0.57		0.61		0.46		0.45		0.51		1.64		1.57
Total	$	1.03	$	1.81	$	0.97	$	0.90	$	0.69	$	3.80	$	2.38

	Nine Months Ended September 30,
	2011			2010
Adjusted Cash Flow From Operating Activities
Adjusted cash flow	$	74,478		$	64,933
Adjusted cash flow per share (diluted)	$	1.84		$	1.63
Distributions declared per share	$	1.622		$	1.518
Payout ratio (distributions per share/adjusted cash flow per share)		88	%		93	%

(a)

Effective January 1, 2011, we include our equity investments in the REITs in our real estate ownership segment. The equity income (loss) from the REITs that is now included in our real estate ownership segment represents our proportionate share of the revenue less expenses of the properties held by the REITs. This treatment is consistent with that of our directly-owned properties. Results for the three months ended December 31 and September 30, 2010 as well as the nine months ended September 30, 2010 have been adjusted to reflect this reclassification.

(b)

Results for the three months ended June 30, 2011 and the nine months ended September 30, 2011 include the impact of the CPA®14/16 Merger in May 2011.

WPC 9/30/2011 Supplemental 8-K — 2

W. P. CAREY & CO. LLC
Reconciliation of Net Income to EBITDA
(in thousands, except share and per share amounts)

	Three Months Ended											Nine Months Ended September 30,
	September 30, 2011		June 30, 2011(b)			March 31, 2011		December 31, 2010		September 30, 2010		2011(b)		2010
Investment Management
Net income from investment management attributable to W.P. Carey members (a)	$	15,737	$	31,989		$	13,177	$	15,754	$	6,094	$	60,903	$	25,842
Adjustments:
Provision for income taxes		5,075		26,056			7,380		10,667		3,045		38,511		12,993
Depreciation and amortization		819		867			802		1,163		1,156		2,488		3,489
EBITDA — investment management	$	21,631	$	58,912		$	21,359	$	27,584	$	10,295	$	101,902	$	42,324
EBITDA per share (diluted)	$	0.54	$	1.46		$	0.53	$	0.69	$	0.26	$	2.52	$	1.06
Real Estate Ownership
Net income from real estate ownership attributable to W. P. Carey members(a)	$	9,465	$	47,123		$	10,166	$	4,028	$	10,252	$	69,085	$	28,349
Adjustments:
Interest expense		5,989		5,396			4,440		4,460		4,169		15,660		11,391
Provision for income taxes		856		(1,296	)		194		915		332		30		1,247
Depreciation and amortization		6,361		6,438			4,648		4,747		4,640		16,638		13,742
Reconciling items attributable to discontinued operations		346		12			65		—		445		1,397		1,702
EBITDA — real estate ownership	$	23,017	$	57,673		$	19,513	$	14,150	$	19,838	$	102,810	$	56,431
EBITDA per share (diluted)	$	0.57	$	1.44		$	0.49	$	0.35	$	0.50	$	2.54	$	1.42
Total Company
EBITDA	$	44,648	$	116,585		$	40,872	$	41,734	$	30,133	$	204,712	$	98,755
EBITDA per share (diluted)	$	1.11	$	2.90		$	1.02	$	1.04	$	0.76	$	5.06	$	2.48
Diluted weighted average shares outstanding		40,404,520		40,243,548			40,242,706		40,104,715		39,717,931		40,424,316		39,774,122

(a)

Effective January 1, 2011, we include our equity investments in the REITs in our real estate ownership segment. The equity income (loss) from the REITs that is now included in our real estate ownership segment represents our proportionate share of the revenue less expenses of the properties held by the REITs. This treatment is consistent with that of our directly-owned properties. Results for the three months ended December 31 and September 30, 2010 as well as the nine months ended September 30, 2010 have been adjusted to reflect this reclassification.

(b)

Results for the three months ended June 30, 2011 and the nine months ended September 30, 2011 include the impact of the CPA®14/16 Merger in May 2011.

Non-GAAP Financial Disclosure

EBITDA as disclosed represents earnings before interest, taxes, depreciation and amortization. We believe that EBITDA is a useful supplemental measure to investors and analysts for assessing the performance of our business segments, although it does not represent net income that is computed in accordance with GAAP, because it removes the impact of our capital structure and asset base from our operating results and because it is helpful when comparing our operating performance to that of companies in our industry without regard to such items, which can vary substantially from company to company. Accordingly, EBITDA should not be considered as an alternative to net income as an indicator of our financial performance. EBITDA may not be comparable to similarly titled measures of other companies. Therefore, we use EBITDA as one measure of our operating performance when we formulate corporate goals, evaluate the effectiveness of our strategies and determine executive compensation.

WPC 9/30/2011 Supplemental 8-K — 3

W.P. CAREY & CO. LLC
Reconciliation of Net Income to Funds from Operations — as Adjusted (AFFO)
(in thousands, except share and per share amounts)

	Three Months Ended															Nine Months Ended September 30,
	September 30, 2011			June 30, 2011(c)			March 31, 2011			December 31, 2010			September 30, 2010			2011(c)			2010
Investment Management
Net Income from investment management attributable to W. P. Carey members (a)	$	15,737		$	31,989		$	13,177		$	15,754		$	6,094		$	60,903		$	25,842
FFO — as defined by NAREIT		15,737			31,989			13,177			15,754			6,094			60,903			25,842
Adjustments:
Amortization and other non-cash charges		4,953			17,583			7,473			2,473			1,135			30,009			6,203
AFFO adjustments to equity earnings from equity investments		(2,144	)		(1,415	)		—			—			—			(3,559	)		—
Total adjustments		2,809			16,168			7,473			2,473			1,135			26,450			6,203
AFFO — Investment Management	$	18,546		$	48,157		$	20,650		$	18,227		$	7,229		$	87,353		$	32,045
Real Estate Ownership
Net Income from real estate ownership attributable to W. P. Carey members (a)	$	9,465		$	47,123		$	10,166		$	4,028		$	10,252		$	69,085		$	28,349
Adjustments:
Depreciation and amortization of real property		6,194			6,240			4,475			4,565			4,757			16,909			14,457
Loss (gain) on sale of real estate, net		396			121			(781	)		—			—			(264	)		(460	)
Proportionate share of adjustments to equity in net income of partially owned entities to arrive at FFO:
Depreciation and amortization of real property		1,173			1,328			1,548			1,550			463			4,049			4,927
Loss (gain) on sale of real estate, net		—			34			—			—			—			34			(38	)
Proportionate share of adjustments for noncontrolling interests to arrive at FFO		(1,157	)		(123	)		(196	)		(195	)		(193	)		(1,476	)		(532	)
Total adjustments		6,606			7,600			5,046			5,920			5,027			19,252			18,354
FFO — as defined by NAREIT		16,071			54,723			15,212			9,948			15,279			88,337			46,703
Adjustments:
Gain on change in control of interests (b)		—			(27,859	)		—			—			—			(27,859	)		—
Gain on deconsolidation of a subsidiary		(1,008	)		—			—			—			—			(1,008	)		—
Other depreciation, amortization and non-cash charges		303			(2,443	)		(635	)		(780	)		(1,230	)		(2,498	)		(920	)
Straight-line and other rent adjustments		(1,014	)		(1,020	)		(417	)		128			148			(2,451	)		167
Impairment charges		4,934			41			—			6,763			481			4,975			8,618
Proportionate share of adjustments to equity in net income of partially owned entities to arrive at AFFO:
Other depreciation, amortization and other non-cash charges		—			—			—			—			1,728			—			25
Straight-line and other rent adjustments		(463	)		(142	)		(622	)		(532	)		(539	)		(1,227	)		(1,728	)
Impairment charges		—			—			1,090			—			1,394			1,090			1,394
AFFO adjustments to equity earnings from equity investments		4,122			1,238			3,778			2,484			2,995			6,714			8,211

WPC 9/30/2011 Supplemental 8-K — 4

	Three Months Ended											Nine Months Ended September 30,
	September 30, 2011		June 30, 2011 (c)			March 31, 2011		December 31, 2010		September 30, 2010		2011 (c)			2010
Proportionate share of adjustments for noncontrolling interests to arrive at AFFO		59		73			86		39		122		218			78
Total adjustments		6,933		(30,112	)		3,280		8,102		5,099		(22,046	)		15,845
AFFO — Real Estate Ownership	$	23,004		24,611			18,492		18,050		20,378		66,291			62,548
Total Company
FFO — as defined by NAREIT	$	31,808	$	86,712		$	28,389	$	25,702	$	21,373	$	149,240		$	72,545
FFO — as defined by NAREIT per share (diluted)	$	0.79	$	2.15		$	0.71	$	0.64	$	0.54	$	3.69		$	1.82
AFFO	$	41,550	$	72,768		$	39,142	$	36,277	$	27,607	$	153,644		$	94,593
AFFO per share (diluted)	$	1.03	$	1.81		$	0.97	$	0.90	$	0.69	$	3.80		$	2.38
Diluted weighted average shares outstanding		40,404,520		40,243,548			40,242,706		40,104,715		39,717,931		40,424,316			39,774,122

(a)	Effective January 1, 2011, we include our equity investments in the REITs in our real estate ownership segment. The equity income (loss) from the REITs that is now included in our real estate ownership segment represents our proportionate share of the revenue less expenses of the properties held by the REITs. This treatment is consistent with that of our directly-owned properties. Results for the three months ended December 31 and September 30, 2010 as well as the nine months ended September 30, 2010 have been adjusted to reflect this reclassification.
(b)	Represents gain recognized on purchase of the remaining interests in two ventures 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 $27.1 million during the nine months ended September 30, 2011 to adjust the carrying value of our existing interests in these ventures to their estimated fair values.
(c)	Results for the three months ended June 30, 2011 and the nine months ended September 30, 2011 include the impact of the CPA®14/16 Merger in May 2011.

Non-GAAP Financial Disclosure

Funds from operations (“FFO”) is a non-GAAP financial measure that is commonly used by investors and analysts in evaluating real estate companies. Although the National Association of Real Estate Investment Trusts (“NAREIT”) has published a definition of FFO, real estate companies often modify this definition as they seek to provide financial measures that meaningfully reflect their operations. FFO or AFFO should not be considered as an alternative to net income as an indication of a company’s operating performance or to cash flow from operating activities as a measure of its liquidity, but should be used in conjunction with GAAP net income. FFO or AFFO disclosed by other real estate companies may not be comparable to our AFFO calculation.

NAREIT’s definition of FFO adjusts GAAP net income to exclude depreciation and gains/losses from the sales of properties and adjusts for FFO applicable to unconsolidated partnerships and joint ventures. We calculate AFFO in accordance with this definition and then include other adjustments to GAAP net income to adjust for certain non-cash charges such as amortization of intangibles, deferred income tax benefits and expenses, straight-line rents, stock compensation, impairment charges on real estate and unrealized foreign currency exchange gains and losses. We exclude these items from GAAP net income as they are not the primary drivers in our decision making process. Our assessment of our operations is focused on long-term sustainability and not on such non-cash items, which may cause short-term fluctuations in net income but that have no impact on cash flows, and we therefore use AFFO as one measure of our operating performance when we formulate corporate goals, evaluate the effectiveness of our strategies, and determine executive compensation. As a result, we believe that AFFO is a useful supplemental measure for investors to consider because it will help them to better understand and measure the performance of our business over time without the potentially distorting impact of these short-term fluctuations.

WPC 9/30/2011 Supplemental 8-K — 5

W. P. Carey & Co. LLC
Adjusted Cash Flow from Operating Activities (Unaudited)
(in thousands, except share and per share amounts)

	Nine Months Ended September 30,
	2011			2010
Cash flow provided by operating activities	$	62,652		$	52,268
Adjustments:
Distributions received from equity investments in real estate in excess of equity income(a)		10,187			6,046
Distributions paid to noncontrolling interests, net(b)		(732	)		(213	)
Changes in working capital(c)		14,079			6,832
CPA®:14/16 Merger — revenue net of taxes(d)		(11,708	)		—
Adjusted cash flow from operating activities	$	74,478		$	64,933
Adjusted cash flow per share (diluted)	$	1.84		$	1.63
Distributions declared per share	$	1.622		$	1.518
Payout ratio (distributions per share/adjusted cash flow per share)		88	%		93	%
Diluted weighted average shares outstanding		40,424,316			39,774,122

(a)	We take a substantial portion of our asset management revenue in shares of the CPA®REITs. To the extent we receive distributions in excess of the equity income that we recognize, we include such amounts in our evaluation of cash flow from core operations.
(b)	Represents noncontrolling interests’ share of distributions made by ventures that we consolidate in our financial statements.
(c)	Timing differences arising from the payment of certain liabilities and the receipt of certain receivables in a period other than that in which the item is recognized in determining net income may distort the actual cash flow that our core operations generate. We adjust our GAAP cash flow from operating activities to record such amounts in the period in which the item was actually recognized.
(d)	Amounts represent termination and subordinated disposition revenue, net of a 45% tax provision, earned in connection with the CPA®:14/16 Merger. This revenue is generally earned in connection with events that provide liquidity or alternatives to the CPA® REIT shareholders. In determining cash flow generated from our core operations, we believe it is more appropriate to normalize cash flow for the impact of the net revenue earned in connection with the CPA®:14/16 Merger.

Non-GAAP Financial Disclosure

Adjusted cash flow from operating activities refers to our cash flow from operating activities (as computed in accordance with GAAP) adjusted, where applicable, primarily to: add cash distributions that we receive from our investments in unconsolidated real estate joint ventures in excess of our equity income; subtract cash distributions that we make to our noncontrolling partners in real estate joint ventures that we consolidate; and eliminate changes in working capital. We hold a number of interests in real estate joint ventures, and we believe that adjusting our GAAP cash flow provided by operating activities to reflect these actual cash receipts and cash payments, as well as eliminating the effect of timing differences between the payment of certain liabilities and the receipt of certain receivables in a period other than that in which the item is recognized may give investors additional information about our actual cash flow that is not incorporated in cash flow from operating activities as defined by GAAP.

We believe that adjusted cash flow from operating activities is a useful supplemental measure for assessing the cash flow generated from our core operations as it gives investors important information about our liquidity that is not provided within cash flow from operating activities as defined by GAAP, and we use this measure when evaluating distributions to shareholders. Adjusted cash flow from operating activities should not be considered as an alternative to cash provided by operating activities computed on a GAAP basis as a measure of our liquidity.

WPC 9/30/2011 Supplemental 8-K — 6

W. P. CAREY & CO. LLC
Revenue Stability Analysis (Pro rata Basis)
(in thousands)

	Three Months Ended																														Nine Months Ended September 30,
	September 30, 2011						June 30, 2011						March 31, 2010						December 31, 2010						September 30, 2010						2011						2010
	Revenue			%			Revenue			%			Revenue			%			Revenue			%			Revenue			%			Revenue			%			Revenue			%
Asset management revenue	$	14,840			22	%	$	16,619			16	%	$	19,820			31	%	$	19,127			28	%	$	19,219			42	%	$	51,279			22	%	$	57,119			36	%
Incentive, termination and subordinated disposition revenue (a)		—			0	%		52,515			50	%		—			0	%		—			0	%		—			0	%		52,515			23	%		—			0	%
Pro rata net lease revenues		31,255			46	%		29,727			29	%		27,453			44	%		26,739			38	%		25,981			56	%		87,373			37	%		79,639			51	%
		46,095			68	%		98,861			95	%		47,273			75	%		45,866			66	%		45,200			98	%		191,167			82	%		136,758			87	%
Structuring revenue (b)		21,221			32	%		5,735			5	%		15,945			25	%		23,881			34	%		708			2	%		42,901			18	%		20,644			13	%
Total Adjusted Revenue	$	67,316			100	%	$	104,596			100	%	$	63,218			100	%	$	69,747			100	%	$	45,908			100	%	$	234,068			100	%	$	157,402			100	%
Reconciliation of Total Adjusted Revenue
Total revenue — as reported	$	78,372					$	118,398					$	77,532					$	81,969					$	58,101					$	273,240					$	189,462
Less: Reimbursed costs from affiliates (c)		(14,707	)					(17,059	)					(17,719	)					(13,713	)					(15,256	)					(49,485	)					(44,696	)
Less: Wholesaling revenue (c)		(2,586	)					(2,922	)					(3,280	)					(4,503	)					(2,906	)					(8,788	)					(8,189	)
Add: Pro rata share of revenues from equity investments		6,689						6,844						7,760						6,889						6,918						21,293						23,578
Less: Pro rata share of revenues due to noncontrolling interests		(452	)					(665	)					(1,075	)					(895	)					(949	)					(2,192	)					(2,753	)
Total Adjusted Revenue	$	67,316					$	104,596					$	63,218					$	69,747					$	45,908					$	234,068					$	157,402
Reconciliation of Total Pro Rata Net Lease Revenues
Lease revenues — as reported	$	18,609					$	17,839					$	15,460					$	15,403					$	15,356					$	50,846					$	45,586
Add: Pro rata share of revenues from equity investments		6,689						6,844						7,760						6,889						6,918						21,293						23,578
Less: Pro rata share of revenues due to noncontrolling interests		(452	)					(665	)					(1,075	)					(895	)					(949	)					(2,192	)					(2,753	)
Add: Other real estate income (d)		6,409						5,709						5,308						5,342						4,656						17,426						13,228
Total Pro Rata Net Lease Revenues	$	31,255					$	29,727					$	27,453					$	26,739					$	25,981					$	87,373					$	79,639

(a)	Upon consummation of the CPA®:14/16 Merger, we earned revenues of $31.2 million in connection with the termination of the advisory agreement with CPA®:14, which we received in the form of restricted shares of CPA®:16 — Global common stock, and $21.3 million of subordinated disposition revenues.
(b)	We earn structuring revenue on acquisitions structured on behalf of the REITs we manage and expect significant period-to-period variation in such revenue based on changes in investment volume. Investments structured on behalf of the REITs totaled approximately $498 million, $249 million, $345 million, $593 million and $13 million for the three months ended September 30, 2011, June 30, 2011, March 31, 2011, December 31, 2010 and September 30, 2010, respectively, and approximately $1.1 billion and $453 million for the nine months ended September 30, 2011 and September 30, 2010, respectively.
(c)	Total adjusted revenue excludes reimbursements of costs received from the affiliated 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.
(d)	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.

WPC 9/30/2011 Supplemental 8-K — 7

Note: Amounts presented for prior periods do not reflect subsequent adjustments to historical amounts presented for assets reclassified as held for sale or sold.

Non-GAAP Financial Disclosure

Total adjusted revenue is a non-GAAP financial measure that represents revenues on a GAAP basis adjusted for our pro rata share of revenues from equity investments as well as the pro rata share of revenues due to noncontrolling interests. We believe that total adjusted revenue is useful to investors and analysts as a supplemental measure of revenues from our core operations, and we use it to evaluate the stability of our underlying revenue streams. Total adjusted revenue should not be considered as an alternative to revenues computed on a GAAP basis as a measure of our profitability. Total adjusted revenue may not be comparable to similarly titled measures of other companies.

WPC 9/30/2011 Supplemental 8-K — 8

W. P. CAREY & CO. LLC
Portfolio Debt Overview (Pro rata Basis)
As of September 30, 2011
(in thousands)

Portfolio Debt Maturity
Year of Maturity	Outstanding Balance
2011	$	—
2012		282,521	(a)
2013		932
2014		65,425
2015		48,470
2016		62,769
2017		55,761
2018		30,607
2019		25,460
2020		92,977
2021		4,949
2022		—
2023		4,891
Total	$	674,762

Debt Maturity Analysis

Year of Maturity

Fixed and Variable Rate Debt Analysis

Non-Recourse Debt	Outstanding Balance
Fixed	$	251,570
Fixed — Future Rate Reset		81,903
Variable — Capped		21,931
Variable — Floating		14,149
Fixed — Swap Agreement		47,629
Variable		4,420
		421,602
Recourse Debt
Variable — Lines of Credit		253,160
Total Debt	$	674,762

(a) Amount includes outstanding recourse debt on the unsecured and secured lines of credit.

WPC 9/30/2011 Supplemental 8-K — 9

W. P. CAREY & CO. LLC
Detailed Debt Summary (Pro rata Basis)
As of September 30, 2011
(in thousands)

		Current
Tenant/Lease Guarantor / Percent Ownership	Rate Type	Interest Rate			Maturity Date	Outstanding Balance
Qwest Communications, Inc.	Fixed		7.50	%	Jun-2012	$	1,315
AutoZone, Inc. — Series C	Fixed		6.85	%	Aug-2012		210
Anthony’s Manufacturing Company	Fixed		5.11	%	Oct-2012		8,080
BE Aerospace, Inc.	Fixed		6.11	%	Nov-2012		8,034
Faurecia Exhaust Systems, Inc.	Fixed		5.16	%	Nov-2012		2,330
Alstom Power, Inc. and Werner Co.	Fixed		5.18	%	Dec-2012		9,392
AutoZone, Inc. — Series D	Fixed		6.85	%	Aug-2013		932
US Airways Group, Inc. (75%)	Variable - Floating		4.19	%	Apr-2014		14,149
Billipp Portfolio	Variable		2.75	%	May-2014		4,420
Carrefour France, SAS (46%) (a)	Fixed - Future Rate Reset		5.55	%	Dec-2014		46,856
Hibbett Sports	Fixed - Swap		6.45	%	May-2015		4,589
Lowe’s Home Improvement Warehouse	Fixed		4.87	%	Sep-2015		8,596
Bouygues Telecom, S.A. (Tours) (95%) (a)	Fixed - Future Rate Reset		3.07	%	Oct-2015		5,728
The American Bottling Company	Fixed		5.13	%	Nov-2015		29,557
World Color Printing	Fixed		5.30	%	May-2016		4,968
CheckFree Holdings, Inc. (b)	Fixed		6.18	%	Jun-2016		28,852
Self-Storage Facility — Bentonville, AR (40%)	Fixed		6.41	%	Jul-2016		826
Sprint Spectrum, LP	Fixed		7.64	%	Aug-2016		8,480
Self-Storage Facility — Tallahassee, FL (40%)	Fixed		6.05	%	Oct-2016		1,564
Bouygues Telecom, S.A. (Illkirch-Graffenstaden) (75%) (a) (c)	Fixed - Future Rate Reset		5.01	%	Oct-2016		11,338
Consolidated Systems, Inc. (60%)	Fixed		5.87	%	Nov-2016		6,741
Hellweg Die Profi-Baumärkte GmbH & Co. KG (5%) (a)	Fixed		5.49	%	Jan-2017		945
24 Hour Fitness USA, Inc.	Fixed		7.50	%	Jun-2017		3,350
Amylin Pharmaceuticals, Inc. (b)	Fixed		6.20	%	Jul-2017		34,904
Medica France, S.A. (46%) (a)	Fixed		4.50	%	Oct-2017		16,562
The New York Times Company (17.75%)	Variable - Capped		2.81	%	Apr-2018		21,931
OBI Wroclaw (a)	Fixed - Swap		5.48	%	May-2018		8,676
Self-Storage Portfolio (40%) (c)	Fixed - Future Rate Reset		7.03	%	Feb-2019/Mar-2019		12,627
Orbital Sciences Corporation	Fixed		7.75	%	Jul-2019		12,833
JPMorgan Chase Bank, N.A.	Fixed - Swap		5.47	%	Jul-2020		34,364
Self-Storage Facilities — Chicago, IL (40%)	Fixed - Future Rate Reset		6.25	%	Aug-2020		2,656
Self-Storage Facility — Pensacola, FL	Fixed - Future Rate Reset		6.25	%	Nov-2020		1,847
Self-Storage Facility — Chicago, IL (40%)	Fixed - Future Rate Reset		6.62	%	Dec-2020		851
Federal Express Corporation (b)	Fixed		5.48	%	Dec-2020		53,259
Information Resources, Inc. (33%)	Fixed		5.92	%	Feb-2021		4,949
Hologic, Inc. (36%)	Fixed		6.40	%	May-2023		4,891
Total Non-Recourse Debt			5.49	%(c)			421,602
Unsecured Line of Credit	Variable		1.09	%	Jun-2012		243,160
Secured Line of Credit	Variable		2.81	%	Jun-2012		10,000
Total Debt			3.86	%(c)		$	674,762

(a)	Debt balance calculated using an exchange rate of 1.3598 EUR/USD as of September 30, 2011.
(b)	In connection with the CPA®:14/16 Merger, we purchased the remaining interest in the property, in which we already had an equity interest, from CPA®:14.
(c)	Reflects the weighted-average interest rate for the applicable debt.

WPC 9/30/2011 Supplemental 8-K — 10

W. P. CAREY & CO. LLC
2011 Investment Activity
As of September 30, 2011
(in thousands, except square footage)

Investment Activity

Acquisitions - REITs

Portfolio(s)	Tenant/Lease Guarantor	Property Location(s)	Purchase Price		Closing Date	Property Type	Gross Square Footage
CPA®:17 — Global	Terminal Freezers, LLC	Oxnard & Watsonville, CA	$	99,634	January-11	Warehouse/Distribution		866,525
CPA®:15 (15%), CPA®:17 — Global (85%)	C1000 Logistiek Vastgoed B.V.(a)	Various locations in The Netherlands		207,635	January-11	Warehouse/Distribution		2,046,858
CPA®:17 — Global	Harbor Freight Tools USA, Inc.	Dillon, SC		32,060	March-11	Warehouse/Distribution		1,010,859
CPA®:17 — Global	Dolgencorp, LLC (b)	Richwood, LA; Vass, NC & Hot Springs, VA		2,893	March-11	Retail	BTS
CPA®:17 — Global	Curtiss-Wright Flow Control Service	Middleburg Heights, OH		2,585	March-11	Industrial		28,185
CPA®:17 — Global	Flanders Corporation	Ardmore, OK; Smithfield, NC; Bartow, FL & Momence, IL		50,790	April-11	Warehouse/Distribution		722,108
CPA®:17 — Global	Berry Plastics Corporation	Evansville, IN		2,723	April-11	Industrial		263,088
CPA®:17 — Global	Dolgencorp, LLC (b)	Hopewell & Chesterfield, VA; Mount Hermon & Mangham, LA		4,311	April-11; May-11 & June-11	Retail	BTS
CPA®:17 — Global	ICF International, Inc.	Martinsville, VA		14,819	May-11	Office	BTS
CPA®:15 (75%), CPA®:16 — Global (25%)	Hellweg Die Profi-Baumärkte GmbH & Co. KG (a)	Bad Salzungen, Germany		4,394	May-11	Retail		72,490
CPA®:17 — Global	CRO - San Luis Development, LLC	Chicago, IL		7,414	June-11	Retail		17,000
CPA®:17 — Global	Dolgencorp, LLC (b)	Choudrant, LA		882	July-11	Retail	BTS
CPA®:17 — Global	Precision Printing and Packing, Inc.	Clarksville, TN		7,960	August-11	Industrial		189,300
CPA®:17 — Global	Dolgencorp, LLC (b)	Gardner, LA		979	August-11	Retail	BTS
CPA®:17 — Global	Faurecia International System, Inc.	Fraser, MI		6,775	September-11	Industrial		164,153
CPA®:17 — Global	Metro AG (a)	Various locations in Italy		395,511	September-11	Retail		2,415,163
Total Acquisitions — Leased Properties				841,365				7,795,729

WPC 9/30/2011 Supplemental 8-K — 11

Portfolio(s)	Property Type	Property Location(s)	Purchase Price		Closing Date
CPA®:17 — Global	Self-Storage Facility	Fort Worth, TX		3,400	April-11
CWI	Hospitality	Long Beach, CA		43,600	May-11
CPA®:17 — Global	Self-Storage Facilities	Various locations in California, Hawaii and Illinois		86,015	June-11
CPA®:17 — Global	Self-Storage Facility	Kihei, HI		11,069	August-11
CPA®:17 — Global	Self-Storage Facilities	Various locations in California and Illinois		20,292	August-11
CPA®:17 — Global	Self-Storage Facility	Pearl City, HI		6,064	August-11
CWI	Hospitality	New Orleans, LA		32,300	September-11
CPA®:17 — Global	Self-Storage Facilities	Various locations in California and Illinois		8,428	September-11
CPA®:17 — Global	Self-Storage Facility	Chicago, IL		7,891	September-11
Total Acquisitions — Hospitality/Self Storage Properties				219,059
Notes Receivable

Portfolio	Borrower/Guarantor	Interest Rate			Note Amount		Closing Date	Maturity Date
CPA®:17 — Global	BPS Partners		8.00	%		30,000	June-11	June-16
Total Acquisitions					$	1,090,424

(a)	Acquisition price reflects applicable foreign exchange rate.
(b)	Acquisition includes a build-to-suit (“BTS”) transaction. Gross square footage cannot be determined at this time.

WPC 9/30/2011 Supplemental 8-K — 12

Disposition Activity

Dispositions - CPA^® REITs

					Disposition
Portfolio(s)	Tenant/Lease Guarantor	Property Location(s)	Gross Sale Price		Date	Property Type	Gross Square Footage
CPA®:15	Childtime Childcare, Inc.	Centreville, VA	$	788	February-11	Other		6,360
CPA®:15	Childtime Childcare, Inc.	Century Oaks, VA		1,700	March-11	Other		6,360
CPA®:16 — Global (50%), CPA®:15 (50%)	Goertz & Schiele (a)	Puttlingen, Germany		438	April-11	Industrial		33,314
CPA®:16 — Global	Production Resources Group	Burbank, CA		6,785	May-11	Leisure, Amusement, Entertainment		49,374
CPA®:15	Childtime Childcare, Inc.	Manassas, VA		1,765	May-11	Other		8,854
CPA®:16 — Global	International Garden	Lakewood, NJ		6,000	May-11	Warehouse/Distribution		218,201
CPA®:17 — Global	Carquest Canada Ltd. (a)	New Brunswick and Quebec, Canada		19,773	May-11	Warehouse/Distribution		231,870
CPA®:16 — Global	NutraMax Products, Inc.	Houston, TX		6,874	June-11	Industrial		253,215
CPA®:15 (67%), WPC LLC (33%)	Information Resources	Chicago, IL		4,745	June-11	Office		92,400
CPA®:16 — Global	Celadon Group, Inc.	Indianapolis, IN		11,180	July-11	Industrial		76,326
CPA®:16 — Global (70%), CPA®:15 (30%)	PETsMART, Inc.	Various locations in California, Florida, Illinois, Massachusetts, Maryland, Michigan and Texas		74,000	July-11	Retail		209,964
CPA®:15 (67%), CPA®:16 — Global (33%)	Best Buy Stores, L.P.	Various locations in Colorado, Illinois, Massachusetts, New Hampshire, New Mexico, Texas and Virginia		53,250	September-11	Retail		322,737
CPA®:15	Childtime Childcare, Inc.	Newport News, VA		1,685	September-11	Other		7,893
Total REIT Dispositions				188,983				1,516,868
Dispositions — Owned Portfolio
WPC LLC	AT&T Corp.	Bridgeton, MO		8,250	February-11	Industrial		85,510
WPC LLC	3E Trading LLC	West Mifflin, PA		1,032	February-11	Retail		121,054
WPC LLC	Honeywell	Houston, TX		1,595	June-11	Warehouse/Distribution		32,320
WPC LLC	Cypress Creek Partners, LLC	Little Rock, AR		350	August-11	Retail		21,932
WPC LLC	Penberthy, Inc.	Prophetstown, IL		50	September-11	Industrial		161,878
Total Owned Portfolio Dispositions				11,277				422,694
Total Dispositions			$	200,260				1,939,562

WPC 9/30/2011 Supplemental 8-K — 13

Foreclosure and Receivership Activity

			Outstanding
Portfolio(s)	Tenant/Lease Guarantor	Property Location(s)	Mortgage Balance		Date	Event	Gross Square Footage
CPA®:15	Vacant	Port Huron & Shelby Township, MI	$	6,143	February-11	Receivership		294,883
CPA®:14	Vacant	Duluth, GA		7,141	March-11	Foreclosure		221,374
CPA®:14	Vacant	Eagan, MN		19,363	April-11	Foreclosure		99,342
CPA®:16 — Global	Vacant(a)	Various locations in Canada		38,668	August-11	Receivership		132,486
WPC LLC	GTM, Inc.	Mendota Heights, MN		6,311	September-11	Receivership		136,400
			$	77,626				884,485

(a) Disposition price reflects applicable foreign exchange rate.

WPC 9/30/2011 Supplemental 8-K — 14

W. P. Carey & Co. LLC
Portfolio Analysis — Diversification by Rent and Historical Occupancy (Pro rata Basis)
As of September 30, 2011
(in thousands)

Top Ten Tenants by Annualized Contractual Minimum Base Rent

	Annualized Contractual
Tenant/Lease Guarantor	Minimum Base Rent		Percent
Carrefour France, SAS (a)	$	8,105		9	%
Federal Express Corporation (b)		7,456		8	%
CheckFree Holdings, Inc. (b)		5,216		5	%
The American Bottling Company		4,895		5	%
The New York Times Company		4,423		5	%
JP Morgan Chase Bank, N.A.		3,862		4	%
Amylin Pharmaceuticals, Inc. (b)		3,641		4	%
Orbital Sciences Corporation		3,307		4	%
U.S. Airways Group, Inc.		3,297		4	%
Titan Corporation		3,055		3	%
Total	$	47,257		51	%
Weighted Average Lease Term for Portfolio:	6.64 years

W. P. Carey & Co. LLC Historical Occupancy

Year

(a)	Rent amounts are subject to fluctuations in foreign currency exchange rates.
(b)	In connection with the CPA®:14/16 Merger in May 2011, we purchased the remaining interest in the property, in which we already had a joint interest, from CPA®:14.
(c)	Percentage of the portfolio’s total pro rata square footage that was subject to lease.

WPC 9/30/2011 Supplemental 8-K — 15

W. P. Carey & Co. LLC
Portfolio Analysis — Diversification by Property Type (Pro rata Basis)
As of September 30, 2011
(in thousands)

Property Type	Square Footage		Percent
Warehouse/Distribution		5,113		37	%
Industrial		4,708		34	%
Office		2,667		20	%
Retail		852		6	%
Other Properties (a)		227		2	%
Hospitality		158		1	%
Total (b)		13,725		100	%

	Annualized Contractual
Property Type	Minimum Base Rent		Percent
Office	$	38,701		42	%
Industrial		26,239		28	%
Warehouse/Distribution		18,227		19	%
Other Properties (a)		5,433		6	%
Retail		4,516		5	%
Hospitality		—		0	%
Total (b)	$	93,116		100	%

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

(a)	Reflects properties used for health care; education, child care and social services; leisure, amusement and recreation; and unoccupied land.
(b)	Excludes 21 domestic self-storage properties in our Carey Storage subsidiary, totaling approximately 1.5 million square feet.

WPC 9/30/2011 Supplemental 8-K — 16

W. P. Carey & Co. LLC
Portfolio Analysis — Diversification by Tenant Industry (Pro rata Basis)
As of September 30, 2011
(in thousands)

	Annualized Contractual
Industry Type (a)	Minimum Base Rent		Percent
Retail Trade	$	14,245		15	%
Business and Commercial Services		13,782		15	%
Transportation — Cargo		7,563		8	%
Media: Printing and Publishing		7,003		8	%
Healthcare, Education and Childcare		5,764		6	%
Telecommunications		5,357		6	%
Electronics		5,074		5	%
Beverages, Food, and Tobacco		5,026		5	%
Aerospace and Defense		4,907		5	%
Banking		3,862		4	%
Forest Products and Paper		3,772		4	%
Transportation — Personal		3,504		4	%
Machinery		2,488		3	%
Grocery		1,770		2	%
Consumer and Durable Goods		1,471		2	%
Mining, Metals, and Primary Metal Industries		1,213		1	%
Chemicals, Plastics, Rubber, and Glass		1,179		1	%
Leisure, Amusement, Entertainment		952		1	%
Construction and Building		878		1	%
Textiles, Leather, and Apparel		872		1	%
Other (b)		2,434		3	%
Total (c)	$	93,116		100	%

(a)	Based on the Moody’s Investors Service, Inc. classification system and information provided by the tenant.
(b)	Includes revenue from tenants in the following industries: federal, state and local government (0.8%), consumer non-durable goods (0.7%), automobile (0.7%), multi-tenant properties (0.4%) and hotels and gaming (0.01%).
(c)	Excludes 21 domestic self-storage properties in our Carey Storage subsidiary, totaling approximately 1.5 million square feet.

WPC 9/30/2011 Supplemental 8-K — 17

W. P. Carey & Co. LLC
Portfolio Analysis — Diversification by Geography (Pro rata basis)
As of September 30, 2011
(in thousands)

Region	Square Footage		Percent
U.S.
South		5,009		36	%
East		2,783		20	%
West		2,411		18	%
Midwest		1,340		10	%
U.S. Total		11,543		84	%
International
France		1,684		12	%
Germany		246		2	%
Spain		138		1	%
Poland		114		1	%
International Total		2,182		16	%
Total (a)		13,725		100	%

	Annualized Contractual
Region	Minimum Base Rent		Percent
U.S.
South	$	32,876		35	%
West		23,238		25	%
East		12,469		13	%
Midwest		5,675		6	%
U.S. Total		74,258		79	%
International
France		13,767		15	%
Germany		2,309		3	%
Spain		1,770		2	%
Poland		1,012		1	%
International Total		18,858		21	%
Total (a)	$	93,116		100	%

Portfolio Diversification by Geography	Portfolio Diversification by Geography
(based on square footage)	(based on annualized contractual minimum base rent)

(a) Excludes 21 domestic self-storage properties in our Carey Storage subsidiary, totaling approximately 1.5 million square feet.

WPC 9/30/2011 Supplemental 8-K — 18

W. P. CAREY & CO. LLC
Portfolio Analysis — Lease Maturities (Pro rata Basis)
As of September 30, 2011
(in thousands)

	Annualized
	Contractual
Year of Lease Expiration (a)	Minimum Base Rent		Percent
2011 (b)	$	2,003		2	%
2012		7,821		8	%
2013		4,353		5	%
2014		11,648		13	%
2015		13,178		14	%
2016		6,532		7	%
2017		6,137		7	%
2018		4,328		5	%
2019		14,419		15	%
2020		2,767		3	%
2021		3,636		4	%
2022		1,761		2	%
2023		—		0	%
2024		4,423		5	%
2025		1,220		1	%
2026		948		1	%
2027		2,309		2	%
2028		—		0	%
2029		—		0	%
2030		5,633		6	%
Total (c)	$	93,116		100	%

Weighted Average Years to Maturity: 6.64

Year of Lease Expiration

(a)	Assumes tenant does not exercise renewal option.
(b)	Month-to-month properties are counted in 2011 revenue stream.
(c)	Excludes 21 domestic self-storage properties in our Carey Storage subsidiary, totaling approximately 1.5 million square feet.

WPC 9/30/2011 Supplemental 8-K — 19

W. P. CAREY & CO. LLC

CONSOLIDATED BALANCE SHEETS (UNAUDITED)
(in thousands, except share amounts)

	September 30, 2011			December 31, 2010
Assets
Investments in real estate:
Real estate, at cost (inclusive of amounts attributable to consolidated variable interest entities (“VIEs”) of $41,018 and $39,718, respectively)	$	631,496		$	560,592
Operating real estate, at cost (inclusive of amounts attributable to consolidated VIEs of $26,306 and $25,665, respectively)		109,824			109,851
Accumulated depreciation (inclusive of amounts attributable to consolidated VIEs of $21,861 and $20,431, respectively)		(131,725	)		(122,312	)
Net investments in properties		609,595			548,131
Net investments in direct financing leases		75,886			76,550
Equity investments in real estate and the REITs		537,384			322,294
Net investments in real estate		1,222,865			946,975
Cash and cash equivalents (inclusive of amounts attributable to consolidated VIEs of $366 and $86, respectively)		37,095			64,693
Due from affiliates		39,659			38,793
Intangible assets and goodwill, net		128,249			87,768
Other assets, net (inclusive of amounts attributable to consolidated VIEs of $2,914 and $1,845, respectively)		41,021			34,097
Total assets	$	1,468,889		$	1,172,326
Liabilities and Equity
Liabilities:
Non-recourse debt (inclusive of amounts attributable to consolidated VIEs of $14,360 and $9,593, respectively)	$	335,354		$	255,232
Lines of credit		253,160			141,750
Accounts payable, accrued expenses and other liabilities (inclusive of amounts attributable to consolidated VIEs of $1,775 and $2,275, respectively)		71,708			40,808
Income taxes, net		48,710			41,443
Distributions payable		22,186			20,073
Total liabilities		731,118			499,306
Redeemable noncontrolling interest		6,631			7,546
Equity:
W. P. Carey members’ equity:
Listed shares, no par value, 100,000,000 shares authorized; 39,717,286 and 39,454,847 shares issued and outstanding, respectively		770,246			763,734
Distributions in excess of accumulated earnings		(80,954	)		(145,769	)
Deferred compensation obligation		11,211			10,511
Accumulated other comprehensive loss		(4,639	)		(3,463	)
Total W. P. Carey members’ equity		695,864			625,013
Noncontrolling interests		35,276			40,461
Total equity		731,140			665,474
Total liabilities and equity	$	1,468,889		$	1,172,326

WPC 9/30/2011 Supplemental 8-K — 20

W. P. CAREY & CO. LLC
CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED)
(in thousands, except share and per share amounts)

	Three Months Ended September 30,						Nine Months Ended September 30,
	2011			2010			2011			2010
Revenues
Asset management revenue	$	14,840		$	19,219		$	51,279		$	57,119
Structuring revenue		21,221			708			42,901			20,644
Incentive, termination and subordinated disposition revenue		—			—			52,515			—
Wholesaling revenue		2,586			2,906			8,788			8,189
Reimbursed costs from affiliates		14,707			15,256			49,485			44,696
Lease revenues		18,609			15,356			50,846			45,586
Other real estate income		6,409			4,656			17,426			13,228
		78,372			58,101			273,240			189,462
Operating Expenses
General and administrative		(25,187	)		(15,480	)		(71,095	)		(52,174	)
Reimbursable costs		(14,707	)		(15,256	)		(49,485	)		(44,696	)
Depreciation and amortization		(7,180	)		(5,796	)		(19,126	)		(17,231	)
Property expenses		(3,672	)		(3,152	)		(9,827	)		(7,631	)
Other real estate expenses		(2,725	)		(1,987	)		(8,224	)		(5,575	)
Impairment charge		(4,934	)		—			(4,934	)		—
		(58,405	)		(41,671	)		(162,691	)		(127,307	)
Other Income and Expenses
Other interest income		323			329			1,558			938
Income from equity investments in real estate and the REITs		16,068			6,066			37,356			22,846
Gain on change in control of interests		—			—			27,859			—
Other income and (expenses)		(296	)		1,190			4,943			580
Interest expense		(5,989	)		(4,169	)		(15,660	)		(11,391	)
		10,106			3,416			56,056			12,973
Income from continuing operations before income taxes		30,073			19,846			166,605			75,128
Provision for income taxes		(5,931	)		(3,377	)		(38,541	)		(14,240	)
Income from continuing operations		24,142			16,469			128,064			60,888
Discontinued Operations
Income from operations of discontinued properties		504			383			639			1,664
Gain on deconsolidation of a subsidiary		1,008			—			1,008			—
(Loss) gain on sale of real estate		(396	)		—			264			460
Impairment charges		—			(481	)		(41	)		(8,618	)
Income (loss) from discontinued operations		1,116			(98	)		1,870			(6,494	)
Net Income		25,258			16,371			129,934			54,394
Add: Net loss attributable to noncontrolling interests		581			81			1,295			495
Less: Net income attributable to redeemable noncontrolling interest		(637	)		(106	)		(1,241	)		(698	)
Net Income Attributable to W. P. Carey Members	$	25,202		$	16,346		$	129,988		$	54,191
Basic Earnings Per Share
Income from continuing operations attributable to W. P. Carey members	$	0.59		$	0.41		$	3.17		$	1.54
Income (loss) from discontinued operations attributable to W. P. Carey members		0.03			—			0.05			(0.16	)
Net income attributable to W. P. Carey members	$	0.62		$	0.41		$	3.22		$	1.38
Diluted Earnings Per Share
Income from continuing operations attributable to W. P. Carey members	$	0.59		$	0.41		$	3.14		$	1.53
Income (loss) from discontinued operations attributable to W. P. Carey members		0.03			—			0.05			(0.17	)
Net income attributable to W. P. Carey members	$	0.62		$	0.41		$	3.19		$	1.36
Weighted Average Shares Outstanding
Basic		39,861,064			39,180,719			39,794,506			39,161,086
Diluted		40,404,520			39,717,931			40,424,316			39,774,122
Amounts Attributable to W. P. Carey Members
Income from continuing operations, net of tax	$	24,086		$	16,444		$	128,118		$	60,685
Income (loss) from discontinued operations, net of tax		1,116			(98	)		1,870			(6,494	)
Net income	$	25,202		$	16,346		$	129,988		$	54,191
Distributions Declared Per Share	$	0.560		$	0.508		$	1.622		$	1.518

WPC 9/30/2011 Supplemental 8-K — 21

W. P. CAREY & CO. LLC
CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED)
(in thousands)

	Nine Months Ended September 30,
	2011			2010
Cash Flows — Operating Activities
Net income	$	129,934		$	54,394
Adjustments to net income:
Depreciation and amortization, including intangible assets and deferred financing costs		20,160			18,496
Income from equity investments in real estate and the REITs in excess of distributions received		(835	)		(5,373	)
Straight-line rent and financing lease adjustments		(2,039	)		144
Amortization of deferred revenue		(3,932	)		—
Gain on deconsolidation of a subsidiary		(1,008	)		—
Gain on sale of real estate		(264	)		(460	)
Unrealized (gain) loss on foreign currency transactions and others		(79	)		143
Realized (gain) loss on foreign currency transactions and others		(1,134	)		176
Allocation of loss to profit-sharing interest		—			(781	)
Management and disposition income received in shares of affiliates		(62,493	)		(26,262	)
Gain on conversion of shares		(3,834	)		—
Gain on change in control of interests		(27,859	)		—
Impairment charges		4,975			8,618
Stock-based compensation expense		13,026			6,695
Deferred acquisition revenue received		18,128			19,248
Increase in structuring revenue receivable		(17,732	)		(9,900	)
Increase (decrease) in income taxes, net		5,907			(9,461	)
Net changes in other operating assets and liabilities		(8,269	)		(3,409	)
Net cash provided by operating activities		62,652			52,268
Cash Flows — Investing Activities
Distributions received from equity investments in real estate and the REITs in excess of equity income		13,870			9,964
Capital contributions to equity investments		(2,297	)		—
Purchase of interests in CPA®:16 — Global		(121,315	)		—
Purchases of real estate and equity investments in real estate		(24,323	)		(93,059	)
Value added taxes (“VAT”) paid in connection with acquisition of real estate		—			(4,222	)
VAT refunded in connection with acquisitions of real estate		5,035			—
Capital expenditures		(6,731	)		(2,008	)
Cash acquired on acquisition of subsidiaries		57			—
Proceeds from sale of real estate		10,998			14,591
Proceeds from sale of securities		777			—
Funding of short-term loans to affiliates		(96,000	)		—
Proceeds from repayment of short-term loans to affiliates		95,000			—
Funds placed in escrow		(5,282	)		—
Funds released from escrow		2,326			36,132
Net cash used in investing activities		(127,885	)		(38,602	)
Cash Flows — Financing Activities
Distributions paid		(63,060	)		(72,625	)
Contributions from noncontrolling interests		2,341			11,403
Distributions to noncontrolling interests		(5,310	)		(2,022	)
Contributions from profit-sharing interest		—			3,694
Distributions to profit-sharing interest		—			(693	)
Purchase of noncontrolling interest		(7,502	)		—
Scheduled payments of mortgage principal		(22,893	)		(12,218	)
Proceeds from mortgage financing		20,848			52,816
Proceeds from lines of credit		251,410			83,250
Repayments of lines of credit		(140,000	)		(52,500	)
Payment of financing costs		(1,562	)		(1,083	)
Proceeds from issuance of shares		1,034			3,537
Windfall tax benefit associated with stock-based compensation awards		2,051			1,226
Net cash provided by financing activities		37,357			14,785
Change in Cash and Cash Equivalents During the Period
Effect of exchange rate changes on cash		278			(651	)
Net (decrease) increase in cash and cash equivalents		(27,598	)		27,800
Cash and cash equivalents, beginning of period		64,693			18,450
Cash and cash equivalents, end of period	$	37,095		$	46,250

WPC 9/30/2011 Supplemental 8-K — 22

W. P. CAREY & CO. LLC
Detailed Property Summary (Pro rata Basis)
As of September 30, 2011

										Annualized
										Contractual
										Minimum Base
	Percent							Square		Rent (in		Percentage of			Increase	Lease	Maximum
Tenant/Lease Guarantor	Ownership			Property Location	Property Type	Tenant Industry	Region	Footage(e)		thousands)		Total Rent(e)			Factor	Expiration	Term
Carrefour France, SAS(a)		46	%	Colomiers, France	Warehouse/Distribution	Retail Trade	Europe		174,266	$	1,053		1.13	%	INSEE(b)	Jun-2015	Jun-2018
Carrefour France, SAS(a)		46	%	Nimes, France	Warehouse/Distribution	Retail Trade	Europe		177,792		1,051		1.13	%	INSEE(b)	Jun-2016	Jun-2019
Carrefour France, SAS(a)		46	%	Crepy en Valois, France	Warehouse/Distribution	Retail Trade	Europe		152,370		961		1.03	%	INSEE(b)	Jun-2015	Jun-2018
Carrefour France, SAS(a)		46	%	Lens, France	Warehouse/Distribution	Retail Trade	Europe		126,929		767		0.82	%	INSEE(b)	Jun-2015	Jun-2018
Carrefour France, SAS(a)		46	%	Nîmes, France	Warehouse/Distribution	Retail Trade	Europe		134,942		709		0.76	%	INSEE(b)	Jun-2015	Jun-2018
Carrefour France, SAS(a)		46	%	Ploufragan, France	Warehouse/Distribution	Retail Trade	Europe		122,596		661		0.71	%	INSEE(b)	Jun-2015	Jun-2018
Carrefour France, SAS(a)		46	%	Crepy en Valois, France	Warehouse/Distribution	Retail Trade	Europe		101,252		639		0.69	%	INSEE(b)	Jun-2015	Jun-2018
Carrefour France, SAS(a)		46	%	Thuit Hebert, France	Warehouse/Distribution	Retail Trade	Europe		107,962		568		0.61	%	INSEE(b)	Jun-2015	Jun-2018
Carrefour France, SAS(a)		46	%	Cholet, France	Warehouse/Distribution	Retail Trade	Europe		99,265		535		0.57	%	INSEE(b)	Jun-2015	Jun-2018
Carrefour France, SAS(a)		46	%	Colomiers, France	Warehouse/Distribution	Retail Trade	Europe		60,294		365		0.39	%	INSEE(b)	Jun-2015	Jun-2018
Carrefour France, SAS(a)		46	%	Thuit Hebert, France	Warehouse/Distribution	Retail Trade	Europe		68,479		360		0.39	%	INSEE(b)	Jun-2015	Jun-2018
Carrefour France, SAS(a)		46	%	Colomiers, France	Warehouse/Distribution	Retail Trade	Europe		7,524		45		0.05	%	INSEE(b)	Jun-2015	Jun-2018
Carrefour France, SAS(a)		46	%	Lens, France	Warehouse/Distribution	Retail Trade	Europe		4,349		26		0.03	%	INSEE(b)	Jun-2015	Jun-2018
Carrefour France, SAS(a)		46	%	Colomiers, France	Warehouse/Distribution	Retail Trade	Europe		2,899		18		0.02	%	INSEE(b)	Jun-2015	Jun-2018
Carrefour France, SAS(a)		46	%	Lens, France	Warehouse/Distribution	Retail Trade	Europe		2,599		16		0.02	%	INSEE(b)	Jun-2015	Jun-2018
Carrefour France, SAS(a)		46	%	Nîmes, France	Warehouse/Distribution	Retail Trade	Europe		2,554		13		0.01	%	INSEE(b)	Jun-2015	Jun-2018
Carrefour France, SAS(a)		46	%	Nîmes, France	Warehouse/Distribution	Retail Trade	Europe		596		3		0.00	%	INSEE(b)	Jun-2015	Jun-2018
Carrefour France, SAS Total									1,346,668		7,789		8.37	%
Federal Express Corporation		100	%	Collierville, TN	Office	Transportation - Cargo	South		97,595		1,813		1.95	%	CPI	Nov-2019	Aug-2039
Federal Express Corporation		100	%	Collierville, TN	Office	Transportation - Cargo	South		97,595		1,813		1.95	%	CPI	Nov-2019	Aug-2039
Federal Express Corporation		100	%	Collierville, TN	Office	Transportation - Cargo	South		97,595		1,813		1.95	%	CPI	Nov-2019	Aug-2039
Federal Express Corporation		100	%	Collierville, TN	Office	Transportation - Cargo	South		97,595		1,813		1.95	%	CPI	Nov-2019	Aug-2039
Federal Express Corporation		100	%	Corpus Christi, TX	Warehouse/Distribution	Transportation - Cargo	South		30,212		213		0.23	%	Fixed	May-2012	May-2017
Federal Express Corporation		100	%	College Station, TX	Warehouse/Distribution	Transportation - Cargo	South		12,080		70		0.07	%	Fixed	Apr-2012	Apr-2017
Federal Express Corporation Total									432,672		7,535		8.09	%
CheckFree Corporation		100	%	Norcross, GA	Office	Business and Commercial Services	South		100,125		2,032		2.18	%	CPI	Dec-2015	Dec-2030
CheckFree Corporation		100	%	Norcross, GA	Office	Business and Commercial Services	South		68,300		1,724		1.85	%	CPI	Dec-2015	Dec-2030
CheckFree Corporation		100	%	Norcross, GA	Office	Business and Commercial Services	South		52,250		1,301		1.40	%	CPI	Dec-2015	Dec-2030
CheckFree Corporation		100	%	Norcross, GA	Land	Business and Commercial Services	South		1		159		0.17	%	CPI	Dec-2015	Dec-2030
CheckFree Corporation Total									220,676		5,216		5.60	%

WPC 9/30/2011 Supplemental 8-K — 23

										Annualized
										Contractual
										Minimum Base
	Percent							Square		Rent (in		Percentage of			Increase	Lease	Maximum
Tenant/Lease Guarantor	Ownership			Property Location	Property Type	Tenant Industry	Region	Footage(e)		thousands)		Total Rent(e)			Factor	Expiration	Term
The American Bottling Company		100	%	Irving, TX	Industrial	Beverages, Food, and Tobacco	South		459,497		3,016		3.24	%	CPI	Jul-2014	Jul-2029
The American Bottling Company		100	%	Houston, TX	Industrial	Beverages, Food, and Tobacco	South		262,450		1,956		2.10	%	CPI	Jul-2014	Jul-2029
The American Bottling Company Total									721,947		4,972		5.34	%
The New York Times Company		18	%	New York, NY	Office	Media: Printing and Publishing	East		126,420		4,423		4.75	%	Fixed	Mar-2024	Mar-2044
JP Morgan Chase Bank, N.A.		100	%	Fort Worth, TX	Office	Banking	South		384,246		3,862		4.15	%	None	Feb-2030	Feb-2050
Amylin Pharmaceuticals, Inc.		100	%	San Diego, CA	Office	Business and Commercial Services	West		71,902		1,870		2.01	%	Fixed	Jul-2019	Jul-2029
Amylin Pharmaceuticals, Inc.		100	%	San Diego, CA	Industrial	Business and Commercial Services	West		72,409		1,870		2.01	%	Fixed	Jul-2019	Jul-2029
Amylin Pharmaceuticals, Inc. Total									144,311		3,741		4.02	%
Orbital Sciences Corporation		100	%	Chandler, AZ	Industrial	Aerospace and Defense	West		355,307		3,307		3.55	%	CPI	Sep-2019	Sep-2029
US Airways Group, Inc.		75	%	Tempe, AZ	Office	Transportation - Personal	West		167,890		3,297		3.54	%	CPI	Apr-2014	Nov-2029
The Titan Corporation		100	%	San Diego, CA	Office	Electronics	West		166,403		3,055		3.28	%	CPI	Jul-2012	Jul-2017
Medica France S.A.(a)		46	%	Paris, France	Other	Healthcare, Education and Childcare	Europe		24,770		632		0.68	%	INSEE(b)	Sep-2021	Sep-2030
Medica France S.A.(a)		46	%	Sarcelles, France	Other	Healthcare, Education and Childcare	Europe		34,621		632		0.68	%	INSEE(b)	Sep-2021	Sep-2030
Medica France S.A.(a)		46	%	Chatou, France	Other	Healthcare, Education and Childcare	Europe		24,667		395		0.42	%	INSEE(b)	Sep-2021	Sep-2030
Medica France S.A.(a)		46	%	Poissy, France	Other	Healthcare, Education and Childcare	Europe		24,593		395		0.42	%	INSEE(b)	Sep-2021	Sep-2030
Medica France S.A.(a)		46	%	Rosny sous Bois, France	Other	Healthcare, Education and Childcare	Europe		21,847		395		0.42	%	INSEE(b)	Sep-2021	Sep-2030
Medica France S.A.(a)		46	%	Rueil Malmaison, France	Other	Healthcare, Education and Childcare	Europe		23,814		395		0.42	%	INSEE(b)	Sep-2021	Sep-2030
Medica France S.A. Total									154,312		2,845		3.06	%
Bouygues Telecom, S.A.(a)		75	%	Illkirch-Graffenstaden, France	Office	Telecommunications	Europe		45,459		1,747		1.88	%	INSEE(b)	Feb-2013	Feb-2013
Bouygues Telecom, S.A.(a)		95	%	Tours, France	Office	Telecommunications	Europe		57,264		952		1.02	%	INSEE(b)	Sep-2012	Sep-2012
Bouygues Telecom, S.A.(a)		75	%	Illkirch-Graffenstaden, France	Office	Telecommunications	Europe		3,689		—		0.00	%	INSEE(b)	Dec-2015	May-2020
Bouygues Telecom, S.A. Total									106,412		2,700		2.90	%

WPC 9/30/2011 Supplemental 8-K — 24

											Annualized
											Contractual
											Minimum Base
	Percent								Square		Rent (in		Percentage of			Increase	Lease	Maximum
Tenant/Lease Guarantor	Ownership			Property Location	Property Type	Tenant Industry		Region	Footage(e)		thousands)		Total Rent(e)			Factor	Expiration	Term
Schuler AG(a)		33	%	Göppingen, Germany	Industrial	Machinery		Europe		246,380		2,309		2.48	%	CPI	Oct-2027	Oct-2047
AutoZone, Inc.		100	%	San Antonio, TX	Retail	Retail Trade		South		5,400		56		0.06	%	None	Aug-2013	Aug-2038
AutoZone, Inc.		100	%	Albuquerque, NM	Retail	Retail Trade		West		5,400		55		0.06	%	None	Aug-2013	Aug-2038
AutoZone, Inc.		100	%	Jacksonville, FL	Retail	Retail Trade		South		5,400		54		0.06	%	None	Aug-2013	Aug-2038
AutoZone, Inc.		100	%	Houston, TX	Retail	Retail Trade		South		5,400		53		0.06	%	None	Aug-2013	Aug-2038
AutoZone, Inc.		100	%	Gastonia, NC	Retail	Retail Trade		East		5,400		52		0.06	%	None	Jan-2016	Jan-2026
AutoZone, Inc.		100	%	Corpus Christi, TX	Retail	Retail Trade		South		6,600		52		0.06	%	None	Jan-2016	Jan-2026
AutoZone, Inc.		100	%	Statesville, NC	Retail	Retail Trade		East		5,400		51		0.05	%	None	Jan-2016	Jan-2026
AutoZone, Inc.		100	%	Lenoir, NC	Retail	Retail Trade		East		5,400		51		0.05	%	None	Jan-2016	Jan-2026
AutoZone, Inc.		100	%	Corpus Christi, TX	Retail	Retail Trade		South		6,480		51		0.05	%	None	Jan-2016	Jan-2026
AutoZone, Inc.		100	%	Victoria, TX	Retail	Retail Trade		South		6,480		51		0.05	%	None	Jan-2016	Jan-2026
AutoZone, Inc.		100	%	Lexington, SC	Retail	Retail Trade		East		5,400		50		0.05	%	None	Aug-2013	Aug-2038
AutoZone, Inc.		100	%	Macon, GA	Retail	Retail Trade		South		5,400		50		0.05	%	None	Aug-2013	Aug-2038
AutoZone, Inc.		100	%	St. Peters, MO	Retail	Retail Trade		Midwest		5,400		49		0.05	%	Fixed	Aug-2012	Aug-2037
AutoZone, Inc.		100	%	St. Peters, MO	Retail	Retail Trade		Midwest		6,660		49		0.05	%	Fixed	Aug-2012	Aug-2037
AutoZone, Inc.		100	%	Jacksonville, FL	Retail	Retail Trade		South		5,400		48		0.05	%	None	Aug-2013	Aug-2038
AutoZone, Inc.		100	%	Decatur, AL	Retail	Retail Trade		South		5,400		45		0.05	%	None	Feb-2016	Feb-2026
AutoZone, Inc.		100	%	Phenix City, AL	Retail	Retail Trade		South		5,400		45		0.05	%	None	Feb-2016	Feb-2026
AutoZone, Inc.		100	%	Mobile, AL	Retail	Retail Trade		South		5,400		45		0.05	%	None	Feb-2016	Feb-2026
AutoZone, Inc.		100	%	Alton, IL	Retail	Retail Trade		Midwest		5,400		45		0.05	%	None	Feb-2016	Feb-2026
AutoZone, Inc.		100	%	Belleville, IL	Retail	Retail Trade		Midwest		5,400		45		0.05	%	None	Feb-2016	Feb-2026
AutoZone, Inc.		100	%	Breckenridge, MO	Retail	Retail Trade		Midwest		5,400		44		0.05	%	None	Feb-2016	Feb-2026
AutoZone, Inc.		100	%	Chickasaw, AL	Retail	Retail Trade		South		5,400		43		0.05	%	None	Feb-2016	Feb-2026
AutoZone, Inc.		100	%	Montgomery, AL	Retail	Retail Trade	��	South		5,400		43		0.05	%	None	Feb-2016	Feb-2026
AutoZone, Inc.		100	%	Columbus, GA	Retail	Retail Trade		South		5,400		43		0.05	%	None	Feb-2016	Feb-2026
AutoZone, Inc.		100	%	West Monroe, LA	Retail	Retail Trade		South		5,400		43		0.05	%	None	Feb-2016	Feb-2026
AutoZone, Inc.		100	%	Baton Rouge, LA	Retail	Retail Trade		South		5,400		43		0.05	%	None	Feb-2016	Feb-2026
AutoZone, Inc.		100	%	Lake Charles, LA	Retail	Retail Trade		South		6,480		43		0.05	%	None	Feb-2016	Feb-2026
AutoZone, Inc.		100	%	Lake Charles, LA	Retail	Retail Trade		South		6,480		43		0.05	%	None	Feb-2016	Feb-2026
AutoZone, Inc.		100	%	Maplewood, MO	Retail	Retail Trade		Midwest		6,480		43		0.05	%	None	Feb-2016	Feb-2026
AutoZone, Inc.		100	%	Overland, MO	Retail	Retail Trade		Midwest		6,480		43		0.05	%	None	Feb-2016	Feb-2026
AutoZone, Inc.		100	%	Albany, GA	Retail	Retail Trade		South		5,400		43		0.05	%	None	Aug-2013	Aug-2038
AutoZone, Inc.		100	%	Charlotte, NC	Retail	Retail Trade		East		5,400		42		0.05	%	None	Jan-2016	Jan-2026
AutoZone, Inc.		100	%	San Antonio, TX	Retail	Retail Trade		South		5,400		42		0.05	%	None	Jan-2016	Jan-2026
AutoZone, Inc.		100	%	Farmington, NM	Retail	Retail Trade		West		5,400		41		0.04	%	None	Aug-2013	Aug-2038
AutoZone, Inc.		100	%	Hammond, LA	Retail	Retail Trade		South		6,480		40		0.04	%	Fixed	Aug-2012	Aug-2037
AutoZone, Inc.		100	%	Brunswick, GA	Retail	Retail Trade		South		5,400		40		0.04	%	None	Aug-2013	Aug-2038
AutoZone, Inc.		100	%	Waco, TX	Retail	Retail Trade		South		4,800		38		0.04	%	None	Jan-2016	Jan-2026
AutoZone, Inc.		100	%	Collinsville, IL	Retail	Retail Trade		Midwest		5,400		36		0.04	%	None	Feb-2016	Feb-2026
AutoZone, Inc.		100	%	Wood River, IL	Retail	Retail Trade		Midwest		5,400		36		0.04	%	None	Feb-2016	Feb-2026
AutoZone, Inc.		100	%	St. Louis, MO	Retail	Retail Trade		Midwest		5,400		36		0.04	%	None	Feb-2016	Feb-2026

WPC 9/30/2011 Supplemental 8-K — 25

										Annualized
										Contractual
										Minimum Base
	Percent							Square		Rent (in		Percentage of			Increase	Lease	Maximum
Tenant/Lease Guarantor	Ownership			Property Location	Property Type	Tenant Industry	Region	Footage(e)		thousands)		Total Rent(e)			Factor	Expiration	Term
AutoZone, Inc.		100	%	Panama City, FL	Retail	Retail Trade	South		5,401		35		0.04	%	Fixed	Aug-2012	Aug-2037
AutoZone, Inc.		100	%	Jacksonville, FL	Retail	Retail Trade	South		5,000		35		0.04	%	Fixed	Aug-2012	Aug-2037
AutoZone, Inc.		100	%	Augusta, GA	Retail	Retail Trade	South		5,400		34		0.04	%	None	Aug-2013	Aug-2038
AutoZone, Inc.		100	%	Bessemer, AL	Retail	Retail Trade	South		5,400		32		0.03	%	None	Feb-2016	Feb-2026
AutoZone, Inc.		100	%	Austin, TX	Retail	Retail Trade	South		4,000		31		0.03	%	None	Jan-2016	Jan-2026
AutoZone, Inc.		100	%	Nederland, TX	Retail	Retail Trade	South		4,000		31		0.03	%	None	Jan-2016	Jan-2026
AutoZone, Inc.		100	%	West Orange, TX	Retail	Retail Trade	South		4,000		31		0.03	%	None	Jan-2016	Jan-2026
AutoZone, Inc.		100	%	Shelby, NC	Retail	Retail Trade	East		6,660		31		0.03	%	Fixed	Aug-2012	Aug-2037
AutoZone, Inc.		100	%	Kannapolis, NC	Retail	Retail Trade	East		6,408		24		0.03	%	Fixed	Oct-2015	Oct-2025
AutoZone, Inc.		100	%	Baton Rouge, LA	Retail	Retail Trade	South		5,401		23		0.02	%	Fixed	Apr-2014	Apr-2019
AutoZone, Inc.		100	%	Knoxville, TN	Retail	Retail Trade	South		6,660		23		0.02	%	Fixed	May-2014	May-2024
AutoZone, Inc.		100	%	Baton Rouge, LA	Retail	Retail Trade	South		6,600		22		0.02	%	Fixed	Mar-2014	Mar-2024
AutoZone, Inc.		100	%	East Ridge, TN	Retail	Retail Trade	South		6,480		21		0.02	%	Fixed	Oct-2013	Oct-2023
AutoZone, Inc.		100	%	Morgantown, NC	Retail	Retail Trade	East		5,400		19		0.02	%	Fixed	Oct-2015	Aug-2019
AutoZone, Inc. Total									302,230		2,217		2.38	%
Sybron Dental Specialties, Inc.		100	%	Romulus, MI	Industrial	Healthcare, Education and Childcare	Midwest		220,000		1,454		1.56	%	CPI	Dec-2018	Dec-2043
Sybron Dental Specialties, Inc.		100	%	Glendora, CA	Office	Healthcare, Education and Childcare	West		25,000		555		0.60	%	CPI	Dec-2018	Dec-2043
Sybron Dental Specialties, Inc. Total									245,000		2,009		2.16	%
Unisource Worldwide, Inc.		100	%	Commerce, CA	Warehouse/Distribution	Forest Products and Paper	West		411,561		1,564		1.68	%	Fixed	Apr-2020	Apr-2030
Unisource Worldwide, Inc.		100	%	Anchorage, AK	Warehouse/Distribution	Forest Products and Paper	West		44,712		362		0.39	%	Fixed	Dec-2014	Dec-2029
Unisource Worldwide, Inc. Total									456,273		1,926		2.07	%
Eroski Sociedad Cooperativa		70	%	Mallorca, Spain	Warehouse/Distribution	Retail Trade	Europe		138,383		1,770		1.90	%	3% or CPI	Jun-2030	Jun-2045
World Color Printing (USA) Corp.		100	%	Doraville, GA	Industrial	Media: Printing and Publishing	South		432,559		1,720		1.85	%	CPI	Dec-2017	Dec-2042
BE Aerospace, Inc.		100	%	Lenexa, KS	Industrial	Aerospace and Defense	Midwest		130,094		666		0.72	%	Fixed	Sep-2017	Sep-2037
BE Aerospace, Inc.		100	%	Winston-Salem, NC	Warehouse/Distribution	Aerospace and Defense	East		90,800		268		0.29	%	Fixed	Sep-2017	Sep-2037
BE Aerospace, Inc.		100	%	Winston-Salem, NC	Industrial	Aerospace and Defense	East		74,026		218		0.23	%	Fixed	Sep-2017	Sep-2037
BE Aerospace, Inc.		100	%	Winston-Salem, NC	Industrial	Aerospace and Defense	East		50,200		148		0.16	%	Fixed	Sep-2017	Sep-2037
BE Aerospace, Inc.		100	%	Winston-Salem, NC	Office	Aerospace and Defense	East		43,788		129		0.14	%	Fixed	Sep-2017	Sep-2037
BE Aerospace, Inc.		100	%	Dallas, TX	Industrial	Aerospace and Defense	South		22,680		127		0.14	%	Fixed	Sep-2017	Sep-2037
BE Aerospace, Inc.		100	%	Winston-Salem, NC	Industrial	Aerospace and Defense	East		15,402		45		0.05	%	Fixed	Sep-2017	Sep-2037
BE Aerospace, Inc. Total									426,990		1,601		1.72	%

WPC 9/30/2011 Supplemental 8-K — 26

										Annualized
										Contractual
										Minimum Base
	Percent							Square		Rent (in		Percentage of			Increase	Lease	Maximum
Tenant/Lease Guarantor	Ownership			Property Location	Property Type	Tenant Industry	Region	Footage(e)		thousands)		Total Rent(e)			Factor	Expiration	Term
Lowe’s Home Improvement Warehouse		100	%	Bellevue, WA	Retail	Retail Trade	West		143,352		1,572		1.69	%	CPI	Aug-2018	Aug-2018
Sprint Spectrum Realty Company, L.P.		100	%	Rio Rancho, NM	Office	Telecommunications	West		94,730		1,530		1.64	%	Fixed	May-2016	May-2021
Hologic, Inc.		36	%	Bedford, MA	Industrial	Electronics	East		74,520		1,119		1.20	%	CPI	Aug-2022	Aug-2042
Hologic, Inc.		36	%	Danbury, CT	Industrial	Electronics	East		22,335		255		0.27	%	CPI	Aug-2022	Aug-2042
Hologic, Inc. Total									96,855		1,374		1.48	%
Cleo, Inc.		100	%	Memphis, TN	Warehouse/Distribution	Forest Products and Paper	South		614,274		891		0.96	%	CPI	Dec-2011	Dec-2011
Cleo, Inc.		100	%	Memphis, TN	Warehouse/Distribution	Forest Products and Paper	South		391,896		411		0.44	%	CPI	Dec-2011	Dec-2011
Cleo, Inc. Total									1,006,170		1,302		1.40	%
Fiskars Brands, Inc.		100	%	Apopka, FL	Industrial	Chemicals, Plastics, Rubber, and Glass	South		260,160		1,108		1.19	%	Fixed	Mar-2015	Mar-2015
Fiskars Brands, Inc.		100	%	Apopka, FL	Industrial	Chemicals, Plastics, Rubber, and Glass	South		109,377		71		0.08	%	Fixed	Mar-2015	Mar-2015
Fiskars Brands, Inc. Total									369,537		1,179		1.27	%
The United States Playing Card Company		100	%	Erlanger, KY	Warehouse/Distribution	Media: Printing and Publishing	East		409,600		859		0.92	%	Fixed	Jun-2017	Jun-2020
The United States Playing Card Company		100	%	Erlanger, KY	Warehouse/Distribution	Consumer and Durable Goods	East		162,604		309		0.33	%	Fixed	Jun-2017	Jun-2020
The United States Playing Card Company Total									572,204		1,169		1.26	%
Anthony’s Manufacturing Company, Inc.		100	%	San Fernando, CA	Industrial	Consumer and Durable Goods	West		95,420		606		0.65	%	CPI	May-2012	May-2012
Anthony’s Manufacturing Company, Inc.		100	%	San Fernando, CA	Industrial	Consumer and Durable Goods	West		40,285		256		0.27	%	CPI	May-2012	May-2012
Anthony’s Manufacturing Company, Inc.		100	%	San Fernando, CA	Industrial	Consumer and Durable Goods	West		39,920		254		0.27	%	CPI	May-2012	May-2012
Anthony’s Manufacturing Company, Inc.		100	%	San Fernando, CA	Industrial	Consumer and Durable Goods	West		7,220		46		0.05	%	CPI	May-2012	May-2012
Anthony’s Manufacturing Company, Inc. Total									182,845		1,162		1.25	%
OBI Group(a)		100	%	Wroclaw, Poland	Retail	Retail Trade	Europe		113,570		1,012		1.09	%	CPI	Dec-2025	Dec-2040

WPC 9/30/2011 Supplemental 8-K — 27

										Annualized
										Contractual
										Minimum Base
	Percent							Square		Rent (in		Percentage of			Increase	Lease	Maximum
Tenant/Lease Guarantor	Ownership			Property Location	Property Type	Tenant Industry	Region	Footage(e)		thousands)		Total Rent(e)			Factor	Expiration	Term
24 Hour Fitness USA, Inc.		100	%	Austin, TX	Other	Leisure, Amusement, Entertainment	South		43,935		952		1.02	%	CPI	Jun-2017	Jun-2037
Consolidated Systems, Inc.		60	%	Columbia, SC	Industrial	Mining, Metals, and Primary Metal Industries	East		294,249		823		0.88	%	Fixed	Oct-2026	Oct-2046
Consolidated Systems, Inc.		60	%	Columbia, SC	Office	Mining, Metals, and Primary Metal Industries	East		24,459		68		0.07	%	Fixed	Oct-2026	Oct-2046
Consolidated Systems, Inc.		60	%	Columbia, SC	Warehouse/Distribution	Mining, Metals, and Primary Metal Industries	East		13,792		39		0.04	%	Fixed	Oct-2026	Oct-2046
Consolidated Systems, Inc.		60	%	Columbia, SC	Warehouse/Distribution	Mining, Metals, and Primary Metal Industries	East		6,266		18		0.02	%	Fixed	Oct-2026	Oct-2046
Consolidated Systems, Inc. Total									338,765		948		1.02	%
Sports Wholesale, Inc.		100	%	Birmingham, AL	Warehouse/Distribution	Retail Trade	South		219,312		924		0.99	%	CPI	Dec-2014	Dec-2029
Lockheed Martin Corporation		100	%	Webster, TX	Industrial	Business and Commercial Services	South		48,207		482		0.52	%	Fixed	May-2018	May-2025
Lockheed Martin Corporation		100	%	Webster, TX	Industrial	Business and Commercial Services	South		30,176		309		0.34	%	Fixed	Jun-2012	Jun-2012
Lockheed Martin Corporation		100	%	Webster, TX	Warehouse/Distribution	Business and Commercial Services	South		8,921		91		0.10	%	Fixed	Dec-2014	Dec-2017
Lockheed Martin Corporation Total									87,304		883		0.96	%
NVR, Inc.		100	%	Thurmont, MD	Industrial	Construction and Building	East		150,468		735		0.79	%	CPI	Apr-2014	Apr-2039
NVR, Inc.		100	%	Farmington, NY	Industrial	Construction and Building	East		29,273		143		0.15	%	CPI	Apr-2014	Apr-2039
NVR, Inc. Total									179,741		878		0.94	%
Swat-Fame, Inc.		100	%	City of Industry, CA	Industrial	Textiles, Leather, and Apparel	West		233,205		872		0.94	%	CPI	Jun-2020	Jun-2020
The SI Organization, Inc.		100	%	King of Prussia, PA	Office	Business and Commercial Services	East		88,578		864		0.93	%	Fixed	Jul-2013	Jul-2023
SymphonyIRI Group, Inc.		33	%	Chicago, IL	Office	Business and Commercial Services	Midwest		53,195		791		0.85	%	CPI	Jan-2021	Jan-2021
United States Postal Service		100	%	Bloomingdale, IL	Office	Federal, State and Local Government	Midwest		60,000		698		0.75	%	Fixed	Apr-2016	Apr-2016
Juniper Networks, Inc.		100	%	Sunnyvale, CA	Industrial	Electronics	West		50,311		646		0.69	%	Fixed	Nov-2011	Nov-2021

WPC 9/30/2011 Supplemental 8-K — 28

										Annualized
										Contractual
										Minimum Base
	Percent							Square		Rent (in		Percentage of			Increase	Lease	Maximum
Tenant/Lease Guarantor	Ownership			Property Location	Property Type	Tenant Industry	Region	Footage(e)		thousands)		Total Rent(e)			Factor	Expiration	Term
BellSouth Telecommunications, Inc.		100	%	Fort Lauderdale, FL	Warehouse/Distribution	Telecommunications	South		80,450		632		0.68	%	Fixed	Jun-2016	Jun-2021
Childtime Childcare, Inc.		34	%	Alhambra, CA	Other	Healthcare, Education and Childcare	West		2,262		58		0.06	%	CPI	Jan-2016	Jan-2041
Childtime Childcare, Inc.		34	%	Tustin, CA	Other	Healthcare, Education and Childcare	West		2,264		57		0.06	%	CPI	Jan-2016	Jan-2041
Childtime Childcare, Inc.		34	%	Canton, MI	Other	Healthcare, Education and Childcare	Midwest		2,311		52		0.06	%	CPI	Jan-2016	Jan-2041
Childtime Childcare, Inc.		34	%	Chino, CA	Other	Healthcare, Education and Childcare	West		2,166		50		0.05	%	CPI	Jan-2016	Jan-2041
Childtime Childcare, Inc.		34	%	Carrollton, TX	Other	Healthcare, Education and Childcare	South		2,438		50		0.05	%	CPI	Jan-2016	Jan-2041
Childtime Childcare, Inc.		34	%	Duncanville, TX	Other	Healthcare, Education and Childcare	South		2,438		50		0.05	%	CPI	Jan-2016	Jan-2041
Childtime Childcare, Inc.		34	%	Lewisville, TX	Other	Healthcare, Education and Childcare	South		2,440		50		0.05	%	CPI	Jan-2016	Jan-2041
Childtime Childcare, Inc.		34	%	Garden Grove, CA	Other	Healthcare, Education and Childcare	West		2,848		49		0.05	%	CPI	Jan-2016	Jan-2041
Childtime Childcare, Inc.		34	%	Tucson, AZ	Other	Healthcare, Education and Childcare	West		2,165		40		0.04	%	CPI	Jan-2016	Jan-2041
Childtime Childcare, Inc.		34	%	Chandler, AZ	Other	Healthcare, Education and Childcare	West		2,026		38		0.04	%	CPI	Jan-2016	Jan-2041
Childtime Childcare, Inc.		34	%	Westland, MI	Other	Healthcare, Education and Childcare	Midwest		2,787		38		0.04	%	CPI	Jan-2016	Jan-2041
Childtime Childcare, Inc.		34	%	Westland, MI	Other	Healthcare, Education and Childcare	Midwest		2,472		29		0.03	%	CPI	Jan-2016	Jan-2041
Childtime Childcare, Inc. Total									28,617		560		0.60	%
Jada Toys, Inc.		100	%	City of Industry, CA	Industrial	Consumer Non-durable Goods	West		92,595		500		0.54	%	Fixed	Apr-2012	Apr-2017
United Stationers Supply Company		100	%	San Antonio, TX	Warehouse/Distribution	Forest Products and Paper	South		63,098		256		0.27	%	CPI	Mar-2014	Mar-2017
United Stationers Supply Company		100	%	New Orleans, LA	Warehouse/Distribution	Forest Products and Paper	South		59,560		241		0.26	%	CPI	Sep-2012	Sep-2012
United Stationers Supply Company Total									122,658		497		0.53	%
Alstom Power		100	%	Erlanger, KY	Warehouse/Distribution	Business and Commercial Services	East		197,400		485		0.52	%	Fixed	Jun-2017	Jun-2020
Pioneer Credit Recovery, Inc.		100	%	Moorestown, NJ	Office	Business and Commercial Services	East		30,000		405		0.43	%	Fixed	Apr-2012	Apr-2018

WPC 9/30/2011 Supplemental 8-K — 29

										Annualized
										Contractual
										Minimum Base
	Percent							Square		Rent (in		Percentage of			Increase	Lease	Maximum
Tenant/Lease Guarantor	Ownership			Property Location	Property Type	Tenant Industry	Region	Footage(e)		thousands)		Total Rent(e)			Factor	Expiration	Term
Kmart Corporation		100	%	Drayton Plains, MI	Retail	Retail Trade	Midwest		103,018		210		0.23	%	None	Mar-2016	Mar-2026
Kmart Corporation		100	%	Citrus Heights, CA	Retail	Retail Trade	West		89,760		180		0.19	%	None	May-2016	May-2026
Kmart Corporation Total									192,778		390		0.42	%
Faurecia Exhaust Systems		100	%	Toledo, OH	Office	Automobile	Midwest		61,000		387		0.42	%	CPI	Nov-2022	Nov-2022
S&ME, Inc.		100	%	Raleigh, NC	Office	Business and Commercial Services	East		27,770		338		0.36	%	Fixed	Jul-2016	Jul-2026
Wal-Mart Stores, Inc.		100	%	Greenfield, IN	Warehouse/Distribution	Retail Trade	Midwest		82,620		331		0.36	%	None	Jan-2020	Jan-2025
Groupe SOFEMO		75	%	Illkirch-Graffenstaden, France	Office	Business and Commercial Services	Europe		16,631		312		0.34	%	INSEE(b)	Jan-2014	Jan-2020
Richard Design Services, Inc.		100	%	Beaumont, TX	Office	Business and Commercial Services	South		34,300		300		0.32	%	Other	Feb-2012	May-2012
Tubular Metal Systems		100	%	Pinconning, MI	Industrial	Automobile	Midwest		220,588		298		0.32	%	CPI	Jul-2013	Dec-2022
Qwest Communications, Inc.		100	%	Scottsdale, AZ	Industrial	Telecommunications	West		2,900		178		0.19	%	Fixed	Feb-2012	Feb-2017
Qwest Communications, Inc.		100	%	Scottsdale, AZ	Industrial	Telecommunications	West		1,560		96		0.10	%	Fixed	Feb-2012	Feb-2017
Qwest Communications, Inc. Total									4,460		274		0.29	%
Deloro Satellite Company, Inc.		100	%	Goshen, IN	Industrial	Mining, Metals, and Primary Metal Industries	Midwest		52,000		265		0.28	%	Fixed	Feb-2018	Feb-2023
Multi-Tenant Building		100	%	Broomfield, CO	Office	Various	West		69,288		232		0.25	%	Various	Various	Various
Fairpoint Communications, Inc.		100	%	Milton, VT	Industrial	Telecommunications	East		30,624		221		0.24	%	Fixed	Feb-2013	Feb-2013
United Space Alliance, LLC		100	%	Webster, TX	Warehouse/Distribution	Business and Commercial Services	South		36,629		211		0.22	%	None	Sep-2013	Sep-2013
United Space Alliance, LLC		100	%	Webster, TX	Warehouse/Distribution	Business and Commercial Services	South		32,503		—		0.00	%	None	Sep-2015	Sep-2020
United Space Alliance, LLC									69,132		211		0.22	%
Lincoln Technical Institute, Inc.		100	%	Moorestown, NJ	Office	Healthcare, Education and Childcare	East		35,567		209		0.22	%	Fixed	Apr-2025	Apr-2025

WPC 9/30/2011 Supplemental 8-K — 30

										Annualized
										Contractual
										Minimum Base
	Percent							Square		Rent (in		Percentage of			Increase	Lease	Maximum
Tenant/Lease Guarantor	Ownership			Property Location	Property Type	Tenant Industry	Region	Footage(e)		thousands)		Total Rent(e)			Factor	Expiration	Term
Continental Airlines, Inc.		100	%	Houston, TX	Warehouse/Distribution	Transportation - Personal	South		25,125		207		0.22	%	Fixed	Jul-2013	Jul-2013
Continental Airlines, Inc.		100	%	Houston, TX	Land	Transportation - Personal	South		1		—		0.00	%	Fixed	Jul-2013	Jul-2013
Continental Airlines, Inc.									25,126		207		0.22	%
Candle Lamp Company, LLC		100	%	Memphis, TN	Warehouse/Distribution	Consumer Non-durable Goods	South		75,000		190		0.20	%	CPI	Mar-2014	Mar-2014
Xerox Corporation		100	%	Hot Springs, AR	Retail	Machinery	South		36,850		179		0.19	%	Fixed	Mar-2014	Mar-2017
SUPINFO International University		75	%	Illkirch-Graffenstaden, France	Office	N/A	Europe		6,999		119		0.13	%	None	Mar-2019	Mar-2019
Golder Associates Inc.		100	%	Houston, TX	Office	Business and Commercial Services	South		8,066		56		0.06	%	Fixed	Oct-2017	Oct-2022
Golder Associates Inc.		100	%	Houston, TX	Office	Business and Commercial Services	South		7,730		54		0.06	%	Fixed	Oct-2017	Oct-2022
Golder Associates Inc. Total									15,796		110		0.12	%
Kenyon International Emergency Services		100	%	Houston, TX	Warehouse/Distribution	Healthcare, Education and Childcare	South		17,725		96		0.10	%	None	Oct-2014	Oct-2019
Raytheon Company		100	%	Webster, TX	Industrial	Business and Commercial Services	South		9,138		91		0.10	%	Fixed	Jul-2012	Sep-2016
Moran Foods, Inc.		100	%	Montgomery, AL	Retail	Beverages, Food, and Tobacco	South		32,690		53		0.06	%	None	Oct-2017	Oct-2037
Olmsted Kirk Paper Co.		100	%	Beaumont, TX	Office	Forest Products and Paper	South		5,760		47		0.05	%	Fixed	Dec-2017	Dec-2022
SBH Holdings, LLC		100	%	Houston, TX	Office	Healthcare, Education and Childcare	South		5,632		45		0.05	%	Fixed	Aug-2013	Aug-2016
Jerry Prater Trucking Incorporated		100	%	Salisbury, NC	Industrial	Transportation - Cargo	East		13,284		28		0.03	%	Fixed	MTM	MTM
RGIS, LLC		100	%	Bloomingdale, IL	Office	Business and Commercial Services	Midwest		2,550		23		0.02	%	Fixed	Nov-2014	Nov-2014
Knight Security Systems		100	%	Houston, TX	Office	Business and Commercial Services	South		4,456		13		0.01	%	Fixed	Jun-2016	Jun-2021
Classic Cuisines Catering		100	%	Bloomingdale, IL	Office	Hotels and Gaming	Midwest		1,000		10		0.01	%	None	Apr-2012	Apr-2012

WPC 9/30/2011 Supplemental 8-K — 31

Annualized

Contractual

Minimum Base

Percent

Square

Rent (in

Percentage of

Increase

Lease

Maximum

Tenant/Lease Guarantor

Ownership

Property Location

Property Type

Tenant Industry

Region

Footage(e)

thousands)

Total Rent(e)

Factor

Expiration

Term

Action Buys Cars, Inc.(c)

100

%

Montgomery, AL

Retail

Retail Trade

South

1

10

0.01

%

None

MTM

MTM

LIVHO, Inc.

100

%

Livonia, MI

Hospitality

Hotels and Gaming

Midwest

158,000

—

0.00

%

Fixed

Jan-2014

Jan-2014

Google, Inc.

100

%

Venice, CA

Office

Telecommunications

West

67,681

—

0.00

%

Fixed

Oct-2025

Oct-2035

Common Area Space(c)

100

%

Bloomingdale, IL

Office

N/A

Midwest

15,000

—

0.00

%

None

Apr-2016

Apr-2016

EnGlobal U.S.

100

%

Beaumont, TX

Office

N/A

South

8,580

—

0.00

%

N/A

Sep-2014

Sep-2024

Common Area(c)

75

%

Illkirch-Graffens, France

Office

N/A

Europe

7,637

—

0.00

%

None

Mar-2020

Mar-2020

Common Area(c)

95

%

Tours, France

Office

N/A

Europe

5,828

—

0.00

%

None

Sep-2012

Sep-2012

Vacant

100

%

Charlotte, NC

Industrial

N/A

East

437,500

—

—

N/A

N/A

N/A

Vacant

100

%

Salisbury, NC

Warehouse/Distribution

N/A

East

288,000

—

—

N/A

N/A

N/A

Vacant

100

%

Jacksonville, FL

Warehouse/Distribution

N/A

South

240,000

—

—

N/A

N/A

N/A

Vacant

100

%

Bridgeton, MO

Office

N/A

Midwest

78,080

—

—

N/A

N/A

N/A

Vacant

100

%

Webster, TX

Warehouse/Distribution & Industrial

N/A

South

34,804

—

—

N/A

N/A

N/A

Vacant

100

%

Broomfield, CO

Office

N/A

West

43,449

—

—

N/A

N/A

N/A

Vacant

95

%

Tours, France

Office

N/A

Europe

38,940

—

—

N/A

N/A

N/A

Vacant

100

%

Bloomingdale, IL

Office

N/A

Midwest

37,450

—

—

N/A

N/A

N/A

Vacant

100

%

Brewton, AL

Retail

N/A

South

30,625

—

—

N/A

N/A

N/A

Vacant

100

%

Houston, TX

Office

N/A

South

23,756

—

—

N/A

N/A

N/A

Vacant Total

1,252,604

—

—

Grand Total(d)

13,724,504

$

93,116

100

%

(a)	Rents reflect a conversion rate of 1.3598 EUR/USD as of September 30, 2011.
(b)	INSEE construction index, an index published quarterly by the French Government.
(c)	Tenant is occupying property on a month-to-month (MTM) basis.
(d)	Excludes 21 domestic self-storage properties in our Carey Storage subsidiary, totaling approximately 1.5 million square feet.
(e)	Numbers may not add due to rounding.

WPC 9/30/2011 Supplemental 8-K — 32