WASHINGTON (dpa-AFX) - Net lease real estate investment trust W.P. Carey Inc. (WPC) announced Monday record investment volume for the 2021 full year of $1.73 billion, including investments totaling approximately $530 million completed during the fourth quarter.
From a geographical perspective, approximately 60% of its 2021 investment volume was in the U.S. and 40% was in Europe.
The company noted that investments completed in 2021 also continued to support internally-driven growth, with all leases providing either fixed rent escalations (averaging 2.3%) or rent increases tied to inflation, and enhanced portfolio quality, with a weighted-average lease term of approximately 20 years.
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