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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 8-K
CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of report (Date of earliest event reported): January 4, 2021
WPC-20210104_G1.JPG
W. P. Carey Inc.
(Exact Name of Registrant as Specified in its Charter)
Maryland 001-13779 45-4549771
(State of incorporation) (Commission File Number) (IRS Employer Identification No.)
One Manhattan West, 395 9th Avenue, 58th Floor
New York, New York 10001
(Address of principal executive offices) (Zip Code)

Registrant’s telephone number, including area code: (212) 492-1100

50 Rockefeller Plaza,
New York, New York 10020
(Former address)
Securities registered pursuant to Section 12(b) of the Act:
Title of each class Trading Symbol(s) Name of each exchange on which registered
Common Stock, $0.001 Par Value WPC New York Stock Exchange

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
☐ Emerging growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐


Item 7.01 Regulation FD Disclosure.

On January 4, 2021, W. P. Carey Inc. made available certain unaudited supplemental financial information. A copy of this supplemental information is attached as Exhibit 99.1.

The information furnished pursuant to this Item 7.01, including Exhibit 99.1, shall not be deemed to be “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liability of that Section, and shall not be incorporated by reference into any filing under the Securities Act of 1933, as amended, or the Exchange Act.

Item 8.01 Other Events.

As an update to previous disclosure, effective January 1, 2021, the Company’s principal executive office for the transaction of business and the location of its books and records has been moved to One Manhattan West, 395 9th Avenue, 58th Floor, New York, NY 10001.

Item 9.01 Financial Statements and Exhibits.
Exhibit No. Description
99.1
104 Cover Page Interactive Data File (embedded within the Inline XBRL document).



SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this Report to be signed on its behalf by the undersigned, thereunto duly authorized.
W. P. Carey Inc.
Date: January 4, 2021 By: /s/ ToniAnn Sanzone
ToniAnn Sanzone
Chief Financial Officer

Investing for the long run® COVID-19 Update January 4, 2021

 
Investing for the Long Run® | 2 Rent Paid 99% Rent Deferred — Rent Not Paid 1% 99% 1% December Rent Payment Status Total December Rent Due % of total ABR % of December rent due and paid (1) Industrial 24% 100% Warehouse 23% 100% Office 23% 100% Retail 17% 98% Fitness, Theater and Restaurants (2) 1% 56% Self Storage (net lease) 5% 100% Other (3) 7% 96% Total 100% 99% % of total ABR % of December rent due and paid (1) U.S. 63% 99% Europe 35% 99% Other (4) 2% 100% Total 100% 99% WPC has collected 99% of December rent due Property Type Geography Note: ABR presented as of September 30, 2020, unless otherwise noted. Percentages may not add to totals due to rounding. (1) Reflects payments from tenants with rental payments due from November 20, 2020 to December 19, 2020 expressed as a percentage of ABR. Excludes rent paid in advance of the December collection period. (2) ABR is based on revised rent schedules and excludes rent from properties vacated prior to September 30, 2020. The decline in the percentage of rent due and paid compared to November primarily reflects quarterly-scheduled rents (which are therefore excluded from both the numerator and denominator in December). (3) Includes net lease lodging assets, education facilities, laboratories and student housing properties. (4) Includes Canada, Mexico and Japan. % of ABR from December rent due (1)

 
Investing for the Long Run® | 3 Disclosures The following non-GAAP financial measures are used in this presentation: Pro Rata Metrics This presentation contains certain metrics prepared under the pro rata consolidation method. We refer to these metrics as pro rata metrics. We have a number of investments, usually with our affiliates, in which our economic ownership is less than 100%. Under the full consolidation method, we report 100% of the assets, liabilities, revenues and expenses of those investments that are deemed to be under our control or for which we are deemed to be the primary beneficiary, even if our ownership is less than 100%. Also, for all other jointly owned investments, which we do not control, we report our net investment and our net income or loss from that investment. Under the pro rata consolidation method, we present our proportionate share, based on our economic ownership of these jointly owned investments, of the assets, liabilities, revenues and expenses of those investments. Multiplying each of our jointly owned investments’ financial statement line items by our percentage ownership and adding or subtracting those amounts from our totals, as applicable, may not accurately depict the legal and economic implications of holding an ownership interest of less than 100% in our jointly owned investments. ABR ABR represents contractual minimum annualized base rent for our net-leased properties and reflects exchange rates as of September 30, 2020. If there is a rent abatement, we annualize the first monthly contractual base rent following the free rent period. ABR is not applicable to operating properties and is presented on a pro rata basis. Note: Given the significant uncertainty regarding the duration and severity of the impact of the COVID-19 pandemic, the Company is unable to predict its tenants’ continued ability to pay rent. Therefore, information provided regarding historical rent collections should not serve as an indication of expected future rent collections. Amounts may not sum to totals due to rounding. Past performance does not guarantee future results.