EX-99.1

Important Disclosures About this Report

Important Note Regarding Non-GAAP Financial Measures

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

Forward-looking Statements

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

SECTION: CORPORATE PROFILE

W. P. CAREY & CO. LLC
Full Year & Fourth Quarter Ended December 31, 2006 Results

Financial Results

Net income for the fourth quarter of 2006 was $43.6 million, compared to $11.5 million in 2005. For 2006, net income was $86.3 million, a 78% increase from $48.6 million in 2005. This increase was primarily due to the merger, gains on sale of investments, lower impairment charges, and lower general and administrative costs.

Diluted earnings per share (EPS) for the fourth quarter increased to $1.12 as compared to $0.30 for the same period in 2005. Diluted EPS for 2006 increased 78% to $2.22 as compared to $1.25 for 2005.

Funds from Operations (FFO) for the fourth quarter was $54.9 million, or $1.39 per diluted share, as compared to $24.2 million, or $0.63 per diluted share, for the comparable period in 2005. FFO for 2006 increased 30% to $128.5 million, or $3.29 per diluted share, as compared to $98.6 million, or $2.53 per diluted share, for 2005.

Cash flows from operating activities for 2006 were $119.9 million, as compared to $52.7 million during 2005.

Dividend Increase

The Board of Directors raised the quarterly cash distribution to $0.458 per share, which was paid on January 12, 2007 to shareholders of record on December 31, 2006.

Investment Highlights

For the fourth quarter of 2006, the Company structured 12 investments on behalf of its managed CPA^® REITs totaling $269 million, as compared to $85 million during the fourth quarter of 2005. For 2006, the Company structured 25 investments on behalf of the CPA^® REITs totaling approximately $720 million, as compared to $865 million in 2005. Of the total investments in 2006, four were build-to-suit projects with combined estimated construction costs of $103 million. In 2006, approximately 76% of investments were made on behalf of CPA^®:16 — Global and approximately 48% were international transactions.

In November 2006, the Company formed a subsidiary focused on investing in the U.S. self-storage industry. This subsidiary acquired six properties for $24.8 million in the fourth quarter of 2006.



Ticker: WPC	6	www.wpcarey.com

SECTION: FINANCIAL ANALYSIS

W. P. CAREY & CO. LLC
Reconciliation of Net Income to Funds From Operations (FFO) & FAD Analysis
(in thousands, except share and per share data)


	For the Year			For the Year			For the Year
	Ended			Ended			Ended
	December 31, 2006			December 31, 2005			December 31, 2004
Net income	$	86,303		$	48,604		$	65,841
Gain on sale of real estate		(3,452	)		(12,474	)		(92	)
FFO of equity investees in excess of equity income		9,802			10,358			7,010
Depreciation, amortization, deferred taxes and other non-cash charges		29,022			27,094			39,113
FFO applicable to minority investees in excess of minority income		(794	)		(602	)		(555	)
Straight-line rents		3,152			3,821			1,724
Impairment charges and loan losses		4,504			21,770			22,098

Funds From Operations (FFO)	$	128,537		$	98,571		$	135,139


Weighted Average Listed Shares Outstanding Basic
Basic		37,668,920			37,688,835			37,417,918
Diluted		39,093,897			39,020,801			38,961,748
FFO per Share
Basic	$	3.41		$	2.62		$	3.61
Diluted	$	3.29		$	2.53		$	3.47
Pay Out Ratio (Dividend/FFO)		55.3	%		70.7	%		50.6	%

Funds From Operations (FFO)		128,537			98,571			135,139
Recurring and non-revenue enhancing capital expenditure		(714	)		(939	)		(215	)

Funds Available For Distribution (FAD)	$	127,824		$	97,632		$	134,924


FAD Per Share
Basic	$	3.39		$	2.59		$	3.61
Diluted	$	3.27		$	2.50		$	3.46
Pay Out Ratio (Dividend/FAD)		55.7	%		71.5	%		50.8	%



Ticker: WPC	9	www.wpcarey.com

SECTION: FINANCIAL ANALYSIS

W. P. CAREY & CO. LLC
Revenue Stability Analysis (GAAP Modified)
(in thousands except per share data)


			*Diluted*
	*Three Months Ended*		*Per*
*Revenue Type*	*December 31, 2006*		*Share*		%
Rents⁽¹⁾	$	22,009	$	0.56
Management revenue ⁽²⁾		14,155	$	0.36

Rents and Management Revenue⁽³⁾		36,164	$	0.92		40	%

Structuring revenue ⁽³⁾		6,719	$	0.17
Disposition / termination revenue ⁽⁴⁾		46,018	$	1.17
Other real estate income		671	$	0.02

Structuring Revenue & Other Income		53,407	$	1.36		60	%

Total^{(5) (6)}	$	89,571	$	2.27		100	%

Revenue Stability
Three Months Ended December 31, 2006


			*Diluted*
	*Year Ended*		*Per*
*Revenue Type*	*December 31, 2006*		*Share*		%
Rents⁽¹⁾	$	85,488	$	2.19
Management revenue ⁽²⁾		57,633	$	1.47

Rents and Management Revenue ⁽³⁾		143,121	$	3.66		67	%

Structuring revenue ⁽³⁾		22,506	$	0.58
Disposition / termination revenue ⁽⁴⁾		46,018	$	1.18
Other real estate income		2,608	$	0.07

Structuring Revenue & Other Income		71,132	$	1.82		33	%

Total^{(5) (6)}	$	214,253	$	5.48		100	%

Revenue Stability
Year Ended December 31, 2006


(1)		Rents (continuing and discontinued operations) = lease revenues + other real estate income + other interest income.

(2)		Management revenues include management and performance revenues earned from CPA^ÒREITs under management.

(3)		Structuring revenue includes structuring fees and deferred structuring fees.

(4)		Disposition and termination revenues related to CPA^Ò: 12 and 14 merger.

(5)		Numbers may not add up due to rounding.

(6)		Excludes reimbursement of expenses of $26,976 and $63,630 for the quarter and year ended 12/31/06.



Ticker: WPC	13	www.wpcarey.com

SECTION: FINANCIAL ANALYSIS

W. P. CAREY & CO. LLC
Selected Financial Ratios Analysis
December 31, 2006


	For the Year			For the Year			For the Year
	Ended			Ended			Ended
	December 31, 2006			December 31, 2005			December 31, 2004
Financial Strength
*Leverage*
Recourse debt/Book value of equity		0.3	%		2.5	%		16.5	%
Total debt/Total market capitalization		23.3	%		23.5	%		21.4	%
Total debt/EBITDA		1.99			2.41			1.95
FFO/Total debt		34.6	%		32.1	%		38.2	%
*Coverage*
EBITDA/Total interest expense		8.94			6.00			9.67
Fixed charge coverage ratio		5.49			4.08			6.34
FFO/Total interest expense		6.15			4.63			7.21

Valuation Ratios
Price/Earnings		14.1			20.5			19.7
Price/FFO		9.5			10.1			9.6
Price/Revenues		5.7			5.5			5.5
Price/Book Value of Equity		1.9			1.6			2.1

Per Share Data
Earnings	$	2.22		$	1.25		$	1.69
FFO	$	3.29		$	2.53		$	3.47
Revenues	$	5.48		$	4.64		$	6.04
Book Value of Equity	$	16.17		$	15.57		$	15.90

Definitions

(1)		Recourse debt = Company level indebtedness that is not secured by a lien.

(2)		Total debt = long-term debt = recourse debt + limited recourse mortgage debt, including adjustments for joint ventures (“JV’s”).

(3)		Total market capitalization = equity market capitalization + debt capitalization.

(4)		Fixed charge coverage ratio = EBITDA/(interest expense + scheduled principal amortization + preferred dividends (if any) + adjustments for JVs).

(5)		EBITDA = net income + interest + taxes + depreciation + amortization +/- extraordinary loss (gain) + noncash charges / gains + adjustments for JVs.

(6)		Price = Closing Price as of February 15, 2007.

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



Ticker: WPC	14	www.wpcarey.com

SECTION: FINANCIAL ANALYSIS

W. P. CAREY & CO. LLC
Portfolio Debt Summary
(pro rata basis)
December 31, 2006




Tenant/Lease Guarantor	Fixed / Variable	Original Balance		Current Balance⁽¹¹⁾		Interest Rate	Maturity Date

Quebecor Printing USA (GA)	Fixed	$	7,000,000	$	6,171,815	6.82%	Aug-07
Amerisure Insurance (Michigan Mutual)	Fixed		9,500,000		9,601,141	8.80%	Dec-07
Billipp Portfolio	Variable⁽¹⁾		5,000,000		5,000,005	5.92%	Dec-08
SICOR, Inc. (50%)	Fixed		6,500,000		1,457,867	8.13%	Jan-09
Orbital Sciences Corporation	Fixed		15,000,000		12,911,674	7.38%	Jun-09
America West Holdings Corporation (74.58%)	Fixed		25,000,000		16,080,135	7.23%	Aug-09
Retail Distribution Group (40%)	Fixed		2,397,578		2,250,510	8.51%	Sep-09
Bell South Telecommunications	Fixed		5,995,498		3,943,049	8.11%	Jan-10
Hibbett Sports	Fixed		5,139,462		4,722,475	7.50%	Apr-10
Detroit Diesel Corporation	Fixed		25,000,000		8,635,848	7.96%	Jun-10
EnviroWorks, Inc.	Fixed		3,563,292		2,621,398	10.13%	Oct-10
Federal Express Corporation (40%)	Fixed		18,000,000		16,810,784	7.50%	Jan-11
Autozone- Series A	Fixed		4,099,504		1,842,615	6.85%	Jan-11
Childtime Childcare, Inc. (33.93%)	Fixed		2,522,816		2,350,709	7.50%	Jan-11
Information Resources, Inc. (33.33%)	Fixed		8,665,800		7,863,371	7.60%	Jan-11
Pioneer Credit Recovery, Inc.	Fixed		6,000,000		5,636,940	7.34%	Jan-11
Autozone, Inc. — Series B	Fixed		6,289,699		2,863,170	6.85%	Feb-11
Brown/Career Education	Fixed		7,385,836		7,010,996	7.58%	Jun-11
24 Hour Fitness (Austin)	Fixed		3,282,994		3,014,502	7.50%	Aug-11
Sprint Spectrum, LP	Fixed		8,753,000		8,318,515	7.64%	Aug-11
Qwest Communications, Inc.	Fixed		1,594,023		1,513,396	7.50%	Jun-12
Autozone- Series C	Fixed		2,033,191		1,108,829	6.85%	Aug-12
BE Aerospace, Inc.	Fixed		9,200,000		8,738,516	6.11%	Nov-12
Faurecia (AP Parts)	Fixed		2,675,000		2,618,429	5.16%	Nov-12
Anthony, Inc. Industry	Fixed		9,285,000		9,087,095	5.11%	Nov-12
Alstom & Werner	Fixed		10,750,000		10,541,887	5.18%	Dec-12
SAS Pantin Invest France (75%) ⁽²⁾	Fixed		12,683,000		8,468,061	4.92%	Jul-13
Autozone- Series D	Fixed		4,667,621		2,779,062	6.85%	Aug-13
Aviva France (fka Tellit Assurances -SA) (75%) ⁽²⁾	Fixed⁽⁷⁾		3,300,750		2,502,143	4.49%	Aug-13
Direction Regional des Affaires Sanitaires et Sociales (aka SCI Le Mail) (75%) ⁽²⁾	Fixed		1,341,000		920,849	4.60%	Aug-13
SARL S3T (aka SAS Immo Invest) (80%) ⁽²⁾	Variable ⁽⁸⁾		1,786,372		1,332,077	3.86%	May-14
DSM Food Specialties (aka SAS Immo Invest) (80%) ⁽²⁾	Variable ⁽⁸⁾		1,477,451		1,101,718	4.56%	May-14
Carrefour France, SAS (49.625%)	Fixed		58,216,840		59,492,420	5.55%	Dec-14
Lowe’s Home Improvement Warehouse (fka Eagle Hardware)	Fixed		9,725,000		9,674,847	4.87%	Sep-15
Bouygues Telecom, S.A. (Tours) (95%) ⁽²⁾	Variable ⁽⁹⁾		8,853,375		8,260,467	3.86%	Oct-15
Dr. Pepper	Fixed		33,950,000		33,228,636	5.13%	Nov-15
CheckFree Holdings, Inc. (50%)	Fixed		15,000,000		15,000,000	6.18%	Jun-16
Bouygues Telecom, S.A. (Illkirch-Graffenstaden) (75%) ⁽²⁾	Fixed⁽¹⁰⁾		11,690,752		14,921,148	4.77%	Oct-16
Consolidated Systems (60%)	Fixed		7,200,000		7,192,652	5.87%	Nov-16
Western Union	Fixed		6,000,000		6,000,000	5.50%	Jan-17
Medica France, SA (35%)	Fixed		11,936,640		14,531,318	5.63%	Oct-17
Hologic, Inc. (36%)	Fixed		6,660,000		6,023,385	6.40%	May-23

Total Limited Recourse Debt⁽⁶⁾		$	405,121,494	$	354,144,454	6.18%⁽³⁾


		LLC Credit Facility ⁽⁴⁾		$	2,000,000	6.47%	May-07
		Self-Storage Credit Facility			15,500,700	7.57%	Dec-08

		Total Debt		$	371,645,154	6.24%⁽⁵⁾


(1)		Fixed LIBO rate plus 1.25%

(2)		Debt balance calculated using an exchange rate of 1.3203 USD/EUR at December 31, 2006.

(3)		Reflects weighted average interest rate for the mortgage debt only.

(4)		Indicated interest rate is based on Libor + 110 bps and represents the weighted average on outstanding tranches at December 31, 2006. Floating rate subject to change depending on leverage ratios and debt ratings (if applicable).

(5)		Reflects weighted average interest rate for the entire portfolio including the line of credit debt.

(6)		Numbers may not add up due to rounding.

(7)		Loan resets itself to a 5 year French Franc swap rate index plus 85 bps every five years. Current term is fixed until 2008.

(8)		Euribor 3-month from 2 “Target days” (when target payment system is open) before each interest period, increased by 130 bps.

(9)		Euribor 3-month base index on last working day preceding quarterly payment plus 85 bps.

(10)		Loan resets itself to VDP 5-year index plus 85 bps every five years. Current rate changed in October 2006 to 4.723%.

(11)		Loan balances may be higher than the original balance due to fair value adjustments.



Ticker: WPC	15	www.wpcarey.com

SECTION: ACQUISITIONS/DISPOSITIONS

W. P. CAREY & CO. LLC

2006 Acquisitions Update

Purchase Price

Gross Square

Portfolio(s)

Tenant/Lease Guarantor

Property Location

(000s)

Closing Date

Property Type

Footage

Real Estate Business

W. P. Carey & Co. LLC

Consolidated Systems

Columbia, SC

10,530

October-06

Manufacturing

338,766

Subtotal

10,530

338,766

Management Business

CPA®:16 - Global

Corinthian Laramie ⁽¹⁾

Laramie, WY

26,020

January-06

Residential

200,440

CPA®:16 - Global

Utex Industries, Inc.

Houston, TX

14,730

March-06

Industrial

347,910

CPA®:15

OTC Expansion⁽¹⁾

La Vista, NE

14,660

March-06

Warehouse/Manufacturing

137,000

CPA®:15, 16 - Global

OBI Group

16 locations throughout Poland

183,300

March-06

Retail

1,621,773

CPA®:16 - Global

Datastream Systems, Inc

Greenville, SC

16,308

March-06

Office

124,836

CPA®:16 - Global

Kings Super Markets, Inc.

6 locations in New Jersey

48,398

April-06

Retail

136,856

CPA®:16 - Global

Hilite International

Marktheidenfeld, Germany

24,343

May-06

Manufacturing

194,220

CPA®:16 - Global

The Cheese Works Limited

Ringwood, NJ and Alameda, CA

10,521

June-06

Warehouse/Distribution

74,832

CPA®:16 - Global

Good Time Stores (Alon USA)

El Paso, TX

23,677

July-06

Warehouse

62,274

CPA®:16 - Global

International Imaging Materials (IIMAK)

Amherst, NY

15,782

August-06

Manufacturing

271,123

CPA®:16 - Global

Bob’s Discount Furniture Expansion ⁽¹⁾

Norwich, CT

13,089

September-06

Warehouse/Distribution

213,000

CPA®:16 - Global

IDS Malaysia

Shah Alam, Malaysia

11,013

September-06

Manufacturing

351,947

CPA®:16 - Global

Hotel Operator ⁽¹⁾

Bloomington, MN

49,507

September-06

Hospitality

169,827

CPA®:16 - Global

Consolidated Systems

Columbia, SC

7,351

October-06

Manufacturing

225,843

CPA®:16 - Global

Provo Craft & Novelty, Inc.

Spanish Fork, UT

12,596

October-06

Warehouse/Distribution

212,685

CPA®:16 - Global

LifePort, Inc.

Woodland, WA & Georgetown, TX

6,806

October-06

Industrial & Office

69,849

CPA®:16 - Global, CPA®:15

Görtz & Schiele (US)

Auburn Hills, MI

24,415

November-06

Industrial

218,174

CPA®:16 - Global

TRW Vehicle Safety Systems, Inc.

Washington Township, MI

40,545

November-06

Office

279,625

CPA®:16 - Global, CPA®:15

Görtz & Schiele (Germany)

Puttlingen and St. Ingbert, Germany

17,559

December-06

Industrial

189,382

CPA®:16 - Global

Optronics

Flora, MS and Muskogee, OK

5,890

December-06

Warehouse/Distribution

159,573

CPA®:16 - Global

Fraikin

61 properties throughout France

68,009

December-06

Other Properties

832,323

CPA®:16 - Global

Tecnofarma

Fort Collins, CO

13,613

December-06

Industrial

64,994

CPA®:16 - Global

Contract Research Solutions

St. Charles, MO

21,641

December-06

Industrial

102,699

CPA®:16 - Global

Metro Waste

Salt Lake City, UT

10,471

December-06

Industrial

120,360

CPA®:16 - Global

Performance Fibers

Bad Hersfeld, Germany

39,708

December-06

Industrial

858,960

Subtotal ⁽²⁾

719,951

7,240,505

Self-Storage Fund

Self-Storage Fund

Stor-U-Self 5 Asset Portfolio

Massachusetts and Connecticut

19,850

December-06

Other Properties

281,956

Self-Storage Fund

Aces Killeen

Killeen, TX

4,950

December-06

Other Properties

95,000

Subtotal ⁽²⁾

24,800

376,956

Total ^{(2) (3)}

755,281

7,956,227


(1)		Represents a build-to-suit transaction or facility expansion. Gross Square Footage and Costs are estimates.

(2)		Numbers may not add up due to rounding.

(3)		Does not include acquisitions of properties by LLC during CPA^Ò : 12 liquidation.

SECTION: ACQUISITIONS/DISPOSITIONS

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


				*Gross Sale Price*
*Portfolio(s)*	*Tenant/Lease Guarantor*	*Property Location(s)*	*Disposition Date*	*(000s)*

Real Estate Business

WPC LLC	Quebecor	Olive Branch, MS	Apr-06	$	7,646
WPC LLC	Winn Dixie	Bay Minette, AL	May-06		520
WPC LLC	Gibson Greeting	Amberley Village, OH	Jun-06		6,250
WPC LLC	Red Bank	Cincinnati, OH	Sep-06		10,001
WPC LLC	Excel	Reno, NV	Oct-06		8,000

	Subtotal			$	32,417

Management Business

CPA^®:12	Rheometric	Piscataway, NJ	Feb-06	$	3,850
CPA^®:15	Trends	Miami, FL	Mar-06		17,980
CPA^®:14	Celestica (Mayo Clinic)	Rochester, MN	May-06		36,875
CPA^®:12	Remec — Spectrian (Java Drive)	Sunnyvale, CA	May-06		10,400
CPA^®:15	Clear Channel	New York, NY	Jun-06		208,000
CPA^®:15	UK Logic	Rotherham, UK	Jun-06		5,197
CPA^®:12, 14, 15	Starmark Camhood LLC (Wellbridge)	Burnsville, MN	Jul-06		4,082
CPA^®:12, 14, 15	Starmark Camhood LLC (Wellbridge)	Brooklyn Center, MN	Jul-06		2,017
CPA^®:12, 14, 15	Starmark Camhood LLC (Wellbridge)	Bloomington, MN	Jul-06		3,686
CPA^®:12, 14, 15	Starmark Camhood LLC (Wellbridge)	Minnetonka, MN	Jul-06		215
CPA^®:12, 14	Etec Systems (Applied Materials)	Hayward, CA	Oct-06		98,693
CPA^®:12	Balanced Care	Mechanicsburg, PA	Oct-06		7,000
CPA^®:12	Milford Manufacturing (PAGG)	Milford, MA	Nov-06		4,125
CPA^®:15	Affina Corporation	Peoria, IL	Nov-06		16,500
CPA^®:14	Burlington Motors	Daleville, IN	Dec-06		2,250

	Subtotal			$	420,870

	Total			$	453,287

EXHIBIT A

W. P. CAREY & CO. LLC

Consolidated Balance Sheets
(in thousands except share amounts)


	December 31, 2006			December 31, 2005			December 31, 2004
*ASSETS:*
Real estate, net	$	540,504		$	454,478		$	476,365
Net investment in direct financing leases		108,581			131,975			190,644
Equity investments in real estate		166,147			134,567			110,379
Operating real estate, net		33,606			7,865			9,140
Assets held for sale		1,269			18,815			12,802
Cash and cash equivalents		22,108			13,014			16,715
Due from affiliates		88,884			82,933			63,471
Goodwill		63,607			63,607			63,607
Intangible assets, net		43,742			40,700			50,501
Other assets, net		24,562			35,308			19,915

Total assets	$	1,093,010		$	983,262		$	1,013,539


*LIABILITIES AND MEMBERS’ EQUITY:*
Liabilities:
Limited recourse mortgage notes payable	$	261,152		$	226,701		$	190,698
Limited recourse mortgage notes payable on assets held for sale		—			4,412			—
Unsecured credit facility		2,000			15,000			102,000
Secured credit facility		15,501			—			—
Accrued interest		1,974			2,036			1,389
Distributions payable		17,482			16,963			16,626
Due to affiliates		1,239			2,994			2,033
Deferred revenue		40,490			23,085			—
Accounts payable and accrued expense		32,073			23,002			19,838
Prepaid and deferred rental income and security deposits		5,548			4,414			4,881
Accrued income taxes		21,935			634			3,909
Deferred income taxes, net		41,527			39,908			38,359
Other liabilities		12,339			12,956			11,748

Total liabilities		453,260			372,105			391,481

Minority interest in consolidated entities		7,765			3,689			1,407

Commitments and contingencies
Members’ equity:
Listed shares, no par value		745,969			740,593			734,658
Distributions in excess of accumulated earnings		(114,008	)		(131,178	)		(112,441	)
Unearned compensation		—			(5,119	)		(5,366	)
Accumulated other comprehensive income		24			3,172			3,800

Total members’ equity		631,985			607,468			620,651

Total liabilities and members’ equity	$	1,093,010		$	983,262		$	1,013,539


Ticker: WPC		www.wpcarey.com

EXHIBIT B

W. P. CAREY & CO. LLC

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


	For the Year			For the Year			For the Year
	Ended			Ended			Ended
	December 31, 2006			December 31, 2005			December 31, 2004
REVENUES:
Asset management revenue	$	57,633		$	52,332		$	45,806
Structuring revenue		22,506			28,197			33,675
Incentive, termination and subordinated disposition revenue from mergers		46,018			—			53,588
Reimbursed costs from affiliates		63,630			9,962			15,388
Lease revenues		74,090			67,215			59,747
Other real estate income		9,381			11,078			11,348

		273,258			168,784			219,552

OPERATING EXPENSES:
General and administrative		(41,494	)		(45,219	)		(35,597	)
Reimbursable costs		(63,630	)		(9,962	)		(15,388	)
Depreciation and amortization		(26,048	)		(20,952	)		(21,173	)
Property expenses		(7,046	)		(6,932	)		(5,329	)
Impairment charges		(1,147	)		(5,704	)		(12,899	)
Other real estate expenses		(5,881	)		(6,327	)		(6,261	)

		(145,246	)		(95,096	)		(96,647	)

OTHER INCOME AND EXPENSES:
Other interest income		3,433			3,511			3,092
Income from equity investments in real estate		7,608			5,182			5,308
Minority interest in income in real estate		(812	)		(264	)		(1,499	)
Gain on foreign currency transactions and other gains, net		12,943			1,305			1,222
Interest expense		(18,139	)		(16,787	)		(14,453	)

		5,033			(7,053	)		(6,330	)

Income from continuing operations before income taxes		133,045			66,635			116,575
Provision for income taxes		(45,491	)		(19,390	)		(50,983	)

Income from continuing operations		87,554			47,245			65,592

DISCONTINUED OPERATIONS:
(Loss) income from operations of discontinued properties		(1,346	)		6,951			9,359
Gain on sale of real estate, net		3,452			10,474			89
Impairment charges on assets held for sale		(3,357	)		(16,066	)		(9,199	)

(Loss) income from discontinued operations		(1,251	)		1,359			249

NET INCOME	$	86,303		$	48,604		$	65,841

BASIC EARNINGS PER SHARE:
Income from continuing operations	$	2.32		$	1.25		$	1.75
(Loss) income from discontinued operations		(0.03	)		0.04			0.01

Net income	$	2.29		$	1.29		$	1.76

DILUTED EARNINGS PER SHARE:
Income from continuing operations	$	2.25		$	1.21		$	1.68
(Loss) income from discontinued operations		(0.03	)		0.04			0.01

Net income	$	2.22		$	1.25		$	1.69

DISTRIBUTIONS DECLARED PER SHARE:	$	1.82		$	1.79		$	1.760

WEIGHTED AVERAGE SHARES OUTSTANDING:
Basic		37,668,920			37,688,835			37,417,918

Diluted		39,093,897			39,020,801			38,961,748


Ticker: WPC		www.wpcarey.com

EXHIBIT C

W. P. CAREY & CO. LLC
Consolidated Statements of Cash Flows
(in thousands)


	For the Year			For the Year			For the Year
	Ended			Ended			Ended
	December 31, 2006			December 31, 2005			December 31, 2004
Cash flows from operating activities:
Net income	$	86,303		$	48,604		$	65,841
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization of intangible assets and deferred financing costs		22,207			21,623			22,546
Income from equity investments in real estate in excess of distributions received		(160	)		479			(793	)
Gain on sale of real estate and investments, net		(14,774	)		(10,570	)		(90	)
Minority interest in income		812			264			1,499
Recognition of deferred gain on completion of development project		—			(2,000	)		—
Straight-line rent adjustments		3,152			3,776			1,732
Management income received in shares of affiliates		(31,020	)		(31,858	)		(20,999	)
Costs paid by issuance of shares		—			201			168
Unrealized (gain) loss on foreign currency transactions, warrants and securities		(1,128	)		779			(790	)
Impairment charges and loan losses		4,504			21,770			22,098
Deferred income taxes		1,620			1,549			8,827
Realized (gain) loss on foreign currency transactions		(488	)		19			(430	)
Increase (decrease) in accrued income taxes		21,301			(3,274	)		2,099
Decrease in prepaid income taxes		1,390			—			—
Tax charge — share incentive plan		—			604			3,423
Increase in structuring revenue receivable		(3,459	)		(5,304	)		(14,860	)
Deferred acquisition fees received		12,543			8,961			5,978
Stock-based compensation expense		3,453			3,936			3,768
Net changes in other operating assets and liabilities		8,684			(6,852	)		(1,168	)

Net cash provided by operating activities		119,940			52,707			98,849


Cash flows from investing activities:
Distributions received from equity investments in real estate in excess of equity income		13,286			6,164			6,933
Purchases of real estate and equity investments in real estate		(102,049	)		—			(115,522	)
Capital expenditures		(4,937	)		(2,975	)		(1,596	)
Payment of deferred acquisition revenue to an affiliate		(524	)		(524	)		(524	)
Purchase of investment		(150	)		(465	)		—
Loan to affiliate		(108,000	)		—			—
Proceeds from repayment of loan to affiliate		108,000			—			—
Proceeds from sales of property and investments		50,053			45,542			6,548
Funds placed in escrow in connection with the sale of property and investments		(10,374	)		—			—
Release of funds from escrow in connection with the sale of property		10,134			—			7,185

Net cash provided by investing activities		(44,561	)		47,742			(96,976	)


Cash flows from financing activities:
Distributions paid		(68,615	)		(67,004	)		(65,073	)
Contributions from minority interests		2,345			1,539			—
Distributions to minority interests		(6,226	)		(355	)		(1,101	)
Scheduled payments of mortgage principal		(11,742	)		(9,229	)		(9,428	)
Proceeds from mortgages and credit facility		174,501			121,764			170,000
Prepayments of mortgages principal and credit facility		(166,660	)		(151,893	)		(106,962	)
Release of funds from escrow in connection with the financing of properties		4,031			—			—
Payment of financing costs		(1,601	)		(797	)		(1,238	)
Proceeds from issuance of shares		8,660			4,400			6,649
Excess tax benefits associated with stock based compensation awards		626			—			—
Repurchase and retirement of shares		(1,937	)		(2,206	)		(2,543	)

Net cash used in financing activities:		(66,618	)		(103,781	)		(9,696	)

Effect of exchange rate changes on cash		333			(369	)		179

Net increase (decrease) in cash and cash equivalents		9,094			(3,701	)		(7,644	)
Cash and cash equivalents, beginning of year		13,014			16,715			24,359

Cash and cash equivalents, end of year	$	22,108		$	13,014		$	16,715


Ticker: WPC		www.wpcarey.com

EXHIBIT E

W. P. CAREY & CO. LLC
Detailed Property Summary
December 31, 2006

Square

Percentage of

Increase

Lease

Maximum

Tenant/Lease Guarantor

Property Location

Property Type

Tenant Type

Region

Footage

Annualized Rent

Total Rent

Factor

Expiration

Term

Carrefour France, SAS ⁽⁴⁾

Crepy en Valois, France

Warehouse/Distribution

Retail Trade

Europe

109,696

780,358

0.78

INSEE ⁽²⁾

December-11

Carrefour France, SAS ⁽⁴⁾

Crepy en Valois, France

Warehouse/Distribution

Retail Trade

Europe

165,078

1,174,332

1.17

INSEE ⁽²⁾

December-11

Carrefour France, SAS ⁽⁴⁾

Lens, France

Warehouse/Distribution

Retail Trade

Europe

137,515

950,956

0.95

INSEE ⁽²⁾

December-11

Carrefour France, SAS ⁽⁴⁾

Lens, France

Warehouse/Distribution

Retail Trade

Europe

2,815

19,468

0.02

INSEE ⁽²⁾

December-11

Carrefour France, SAS ⁽⁴⁾

Lens, France

Warehouse/Distribution

Retail Trade

Europe

4,711

32,581

0.03

INSEE ⁽²⁾

December-11

Carrefour France, SAS ⁽⁴⁾

Nîmes, France

Warehouse/Distribution

Retail Trade

Europe

146,195

834,727

0.83

INSEE ⁽²⁾

December-11

Carrefour France, SAS ⁽⁴⁾

Nîmes, France

Warehouse/Distribution

Retail Trade

Europe

2,767

15,799

0.02

INSEE ⁽²⁾

December-11

Carrefour France, SAS ⁽⁴⁾

Nîmes, France

Warehouse/Distribution

Retail Trade

Europe

646

3,689

0.00

INSEE ⁽²⁾

December-11

Carrefour France, SAS ⁽⁴⁾

Colomiers, France

Warehouse/Distribution

Retail Trade

Europe

188,800

1,206,514

1.21

INSEE ⁽²⁾

December-11

Carrefour France, SAS ⁽⁴⁾

Colomiers, France

Warehouse/Distribution

Retail Trade

Europe

65,323

417,441

0.42

INSEE ⁽²⁾

December-11

Carrefour France, SAS ⁽⁴⁾

Colomiers, France

Warehouse/Distribution

Retail Trade

Europe

8,151

52,091

0.05

INSEE ⁽²⁾

December-11

Carrefour France, SAS ⁽⁴⁾

Colomiers, France

Warehouse/Distribution

Retail Trade

Europe

3,141

20,071

0.02

INSEE ⁽²⁾

December-11

Carrefour France, SAS ⁽⁴⁾

Thuit Hebert, France

Warehouse/Distribution

Retail Trade

Europe

116,966

600,379

0.60

INSEE ⁽²⁾

December-11

Carrefour France, SAS ⁽⁴⁾

Thuit Hebert, France

Warehouse/Distribution

Retail Trade

Europe

74,190

380,813

0.38

INSEE ⁽²⁾

December-11

Carrefour France, SAS ⁽⁴⁾

Ploufragan, France

Warehouse/Distribution

Retail Trade

Europe

132,820

727,814

0.73

INSEE ⁽²⁾

December-11

Carrefour France, SAS ⁽⁴⁾

Cholet, France

Warehouse/Distribution

Retail Trade

Europe

107,543

625,020

0.63

INSEE ⁽²⁾

December-11

Carrefour France, SAS ⁽⁴⁾

Nîmes, France

Warehouse/Distribution

Retail Trade

Europe

192,619

1,254,410

1.25

INSEE ⁽²⁾

November-12

Carrefour France, SAS ⁽⁴⁾ Total

1,458,976

9,096,463

9.10

Dr Pepper/Seven Up Bottling Group

Irving, TX

Industrial

Manufacturing

South

459,497

2,841,153

2.84

CPI

June-14

Dr Pepper/Seven Up Bottling Group

Houston, TX

Industrial

Manufacturing

South

262,450

1,842,584

1.84

CPI

June-14

Dr Pepper/Seven Up Bottling Group Total

721,947

4,683,737

4.68

Detroit Diesel Corporation

Detroit, MI

Industrial

Manufacturing

Midwest

2,730,750

4,634,253

4.63

PPI

June-20

June-30

Detroit Diesel Corporation Total

2,730,750

4,634,253

4.63

Bouygues Telecom, S.A.⁽¹⁾

Tours, France

Office

Information

Europe

102,237

1,478,475

1.48

INSEE ⁽²⁾

September-09

Bouygues Telecom, S.A.⁽³⁾

Illkirch-Graffenstaden, France

Office

Information

Europe

80,729

2,507,844

2.51

INSEE ⁽²⁾

December-08

July-13

Bouygues Telecom, S.A. Total

182,966

3,986,319

3.99

Orbital Sciences Corporation

Chandler, AZ

Industrial

Manufacturing

West

335,307

3,022,947

3.02

CPI

September-09

September-29

Orbital Sciences Corporation Total

335,307

3,022,947

3.02

Federal Express Corporation⁽⁵⁾

Collierville, TN

Office

Transportation and Warehousing

South

39,038

686,632

0.69

CPI

August-19

November-29

Federal Express Corporation⁽⁵⁾

Collierville, TN

Office

Transportation and Warehousing

South

39,038

686,632

0.69

CPI

August-19

November-29

Federal Express Corporation⁽⁵⁾

Collierville, TN

Office

Transportation and Warehousing

South

39,038

686,632

0.69

CPI

August-19

November-29

Federal Express Corporation⁽⁵⁾

Collierville, TN

Office

Transportation and Warehousing

South

39,038

686,632

0.69

CPI

August-19

November-29

Federal Express Corporation⁽⁵⁾

College Station, TX

Warehouse/Distribution

Transportation and Warehousing

South

12,080

68,400

0.07

Stated

April-07

Federal Express Corporation⁽⁵⁾

Corpus Christi, TX

Warehouse/Distribution

Transportation and Warehousing

South

30,212

201,037

0.20

Stated

May-07

May-12

Federal Express Corporation ⁽⁵⁾ Total

198,444

3,015,965

3.02

Titan Corporation, The

San Diego, CA

Office

Manufacturing

West

166,403

2,862,068

2.86

CPI

July-12

July-17

Titan Corporation, The Total

166,403

2,862,068

2.86

America West Holdings Corporation ⁽⁶⁾

Tempe, AZ

Office

Transportation and Warehousing

West

167,913

2,837,889

2.84

CPI

April-14

November-29

America West Holdings Corporation⁽⁶⁾Total

167,913

2,837,889

2.84

CheckFree Holdings, Inc. ⁽⁷⁾

Norcross, GA

Office

Information

South

50,063

899,886

0.90

CPI

December-15

December-30

CheckFree Holdings, Inc.⁽⁷⁾

Norcross, GA

Office

Information

South

34,150

763,523

0.76

CPI

December-15

December-30

CheckFree Holdings, Inc.⁽⁷⁾

Norcross, GA

Office

Information

South

26,125

575,991

0.58

CPI

December-15

December-30

CheckFree Holdings, Inc.⁽⁷⁾

Norcross, GA

Land

Information

South

62,368

0.06

CPI

December-15

December-30

CheckFree Holdings, Inc. ⁽⁷⁾ Total

110,339

2,301,768

2.30


Ticker: WPC		www.wpcarey.com

EXHIBIT E

Square

Percentage of

Increase

Lease

Maximum

Tenant/Lease Guarantor

Property Location

Property Type

Tenant Type

Region

Footage

Annualized Rent

Total Rent

Factor

Expiration

Term

AutoZone, Inc.

Decatur, AL

Retail

Retail Trade

South

5,400

44,620

0.04

% Sales

February-11

February-26

AutoZone, Inc.

Bessemer, AL

Retail

Retail Trade

South

5,400

32,158

0.03

% Sales

February-11

February-26

AutoZone, Inc.

Phenix City, AL

Retail

Retail Trade

South

5,400

44,620

0.04

% Sales

February-11

February-26

AutoZone, Inc.

Mobile, AL

Retail

Retail Trade

South

5,400

44,620

0.04

% Sales

February-11

February-26

AutoZone, Inc.

Chickasaw, AL

Retail

Retail Trade

South

5,400

43,414

0.04

% Sales

February-11

February-26

AutoZone, Inc.

Montgomery, AL

Retail

Retail Trade

South

5,400

43,414

0.04

% Sales

February-11

February-26

AutoZone, Inc.

Panama City, FL

Retail

Retail Trade

South

5,401

35,345

0.04

% Sales

August-12

August-37

AutoZone, Inc.

Jacksonville, FL

Retail

Retail Trade

South

5,000

34,867

0.03

% Sales

August-12

August-37

AutoZone, Inc.

Jacksonville, FL

Retail

Retail Trade

South

5,400

47,772

0.05

% Sales

August-13

December-38

AutoZone, Inc.

Jacksonville, FL

Retail

Retail Trade

South

5,400

54,379

0.05

% Sales

August-13

December-38

AutoZone, Inc.

Columbus, GA

Retail

Retail Trade

South

5,400

43,414

0.04

% Sales

February-11

February-26

AutoZone, Inc.

Albany, GA

Retail

Retail Trade

South

5,400

43,262

0.04

% Sales

August-13

December-38

AutoZone, Inc.

Brunswick, GA

Retail

Retail Trade

South

5,400

39,854

0.04

% Sales

August-13

December-38

AutoZone, Inc.

Augusta, GA

Retail

Retail Trade

South

5,400

34,138

0.03

% Sales

August-13

December-38

AutoZone, Inc.

Macon, GA

Retail

Retail Trade

South

5,400

49,503

0.05

% Sales

August-13

December-38

AutoZone, Inc.

Collinsville, IL

Retail

Retail Trade

Midwest

5,400

36,178

0.04

% Sales

February-11

February-26

AutoZone, Inc.

Alton, IL

Retail

Retail Trade

Midwest

5,400

44,620

0.04

% Sales

February-11

February-26

AutoZone, Inc.

Wood River, IL

Retail

Retail Trade

Midwest

5,400

36,178

0.04

% Sales

February-11

February-26

AutoZone, Inc.

Belleville, IL

Retail

Retail Trade

Midwest

5,400

44,620

0.04

% Sales

February-11

February-26

AutoZone, Inc.

West Monroe, LA

Retail

Retail Trade

South

5,400

43,414

0.04

% Sales

February-11

February-26

AutoZone, Inc.

Baton Rouge, LA

Retail

Retail Trade

South

5,400

43,414

0.04

% Sales

February-11

February-26

AutoZone, Inc.

Lake Charles, LA

Retail

Retail Trade

South

6,480

43,414

0.04

% Sales

February-11

February-26

AutoZone, Inc.

Lake Charles, LA

Retail

Retail Trade

South

6,480

43,414

0.04

% Sales

February-11

February-26

AutoZone, Inc.

Baton Rouge, LA

Retail

Retail Trade

South

6,600

21,567

0.02

% Sales

March-09

March-14

AutoZone, Inc.

Baton Rouge, LA

Retail

Retail Trade

South

5,401

23,124

0.02

% Sales

April-09

AutoZone, Inc.

Hammond, LA

Retail

Retail Trade

South

6,480

40,121

0.04

% Sales

August-12

December-37

AutoZone, Inc.

Maplewood, MO

Retail

Retail Trade

Midwest

6,480

43,414

0.04

% Sales

February-11

February-26

AutoZone, Inc.

Overland, MO

Retail

Retail Trade

Midwest

6,480

43,414

0.04

% Sales

February-11

February-26

AutoZone, Inc.

St. Louis, MO

Retail

Retail Trade

Midwest

5,400

36,178

0.04

% Sales

February-11

February-26

AutoZone, Inc.

Breckenridge, MO

Retail

Retail Trade

Midwest

5,400

44,151

0.04

% Sales

February-11

February-26

AutoZone, Inc.

St. Peters, MO

Retail

Retail Trade

Midwest

5,400

48,957

0.05

% Sales

August-12

December-37

AutoZone, Inc.

St. Peters, MO

Retail

Retail Trade

Midwest

6,660

48,718

0.05

% Sales

August-12

December-37

AutoZone, Inc.

Gastonia, NC

Retail

Retail Trade

East

5,400

52,149

0.05

% Sales

January-11

February-26

AutoZone, Inc.

Charlotte, NC

Retail

Retail Trade

East

5,400

42,283

0.04

% Sales

January-11

February-26

AutoZone, Inc.

Statesville, NC

Retail

Retail Trade

East

5,400

50,739

0.05

% Sales

January-11

February-26

AutoZone, Inc.

Lenoir, NC

Retail

Retail Trade

East

5,400

50,739

0.05

% Sales

January-11

February-26

AutoZone, Inc.

Shelby, NC

Retail

Retail Trade

East

6,660

30,807

0.03

% Sales

August-12

December-37

AutoZone, Inc.

Kannapolis, NC

Retail

Retail Trade

East

6,408

24,069

0.02

% Sales

October-10

October-15

AutoZone, Inc.

Morgantown, NC

Retail

Retail Trade

East

5,400

19,451

0.02

% Sales

October-10

AutoZone, Inc.

Albuquerque, NM

Retail

Retail Trade

West

5,400

54,642

0.05

% Sales

August-13

December-38

AutoZone, Inc.

Farmington, NM

Retail

Retail Trade

West

5,400

41,479

0.04

% Sales

August-13

December-38

AutoZone, Inc.

Lexington, SC

Retail

Retail Trade

East

5,400

50,079

0.05

% Sales

August-13

December-38

AutoZone, Inc.

East Ridge, TN

Retail

Retail Trade

South

6,480

20,602

0.02

% Sales

October-08

October-13

AutoZone, Inc.

Knoxville, TN

Retail

Retail Trade

South

6,660

23,008

0.02

% Sales

May-09

May-14

AutoZone, Inc.

Austin, TX

Retail

Retail Trade

South

4,000

31,321

0.03

% Sales

January-11

February-26

AutoZone, Inc.

Waco, TX

Retail

Retail Trade

South

4,800

37,585

0.04

% Sales

January-11

February-26

AutoZone, Inc.

Corpus Christi, TX

Retail

Retail Trade

South

6,600

51,679

0.05

% Sales

January-11

February-26

AutoZone, Inc.

Corpus Christi, TX

Retail

Retail Trade

South

6,480

50,739

0.05

% Sales

January-11

February-26

AutoZone, Inc.

Victoria, TX

Retail

Retail Trade

South

6,480

50,739

0.05

% Sales

January-11

February-26

AutoZone, Inc.

San Antonio, TX

Retail

Retail Trade

South

5,400

42,283

0.04

% Sales

January-11

February-26

AutoZone, Inc.

Nederland, TX

Retail

Retail Trade

South

4,000

31,321

0.03

% Sales

January-11

February-26

AutoZone, Inc.

West Orange, TX

Retail

Retail Trade

South

4,000

31,321

0.03

% Sales

January-11

February-26

AutoZone, Inc.

Houston, TX

Retail

Retail Trade

South

5,400

53,488

0.05

% Sales

August-13

December-38

AutoZone, Inc.

San Antonio, TX

Retail

Retail Trade

South

5,400

55,795

0.06

% Sales

August-13

December-38

AutoZone, Inc. Total

302,230

2,216,594

2.22

Semacs SA ⁽¹⁴⁾

Chatou, France

Other

Health Care and Social Assistance

Europe

18,848

281,157

0.28

INSEE ⁽²⁾

June-10

Semacs SA ⁽¹⁴⁾

Poissy, France

Other

Health Care and Social Assistance

Europe

18,792

307,515

0.31

INSEE ⁽²⁾

June-10

Semacs SA ⁽¹⁴⁾

Rosny sous Bois, France

Other

Health Care and Social Assistance

Europe

16,693

260,509

0.26

INSEE ⁽²⁾

June-10

Semacs SA ⁽¹⁴⁾

Paris, France

Other

Health Care and Social Assistance

Europe

18,927

395,376

0.40

INSEE ⁽²⁾

June-10

Semacs SA ⁽¹⁴⁾

Rueil Malmaison, France

Other

Health Care and Social Assistance

Europe

18,197

372,093

0.37

INSEE ⁽²⁾

June-10

Semacs SA ⁽¹⁴⁾

Sarcelles, France

Other

Health Care and Social Assistance

Europe

26,454

465,666

0.47

INSEE ⁽²⁾

June-10

Semacs SA ⁽¹⁴⁾Total

117,911

2,082,316

2.08

BellSouth Telecommunications

Lafayette, LA

Office

Information

South

66,846

1,351,150

1.35

Stated

December-09

December-39

BellSouth Entertainment, Inc.

Ft. Lauderdale, FL

Warehouse/Distribution

Information

South

80,450

593,664

0.59

Stated

June-09

June-19

BellSouth Corporation Total

147,296

1,944,814

1.94

Quebecor Printing USA

Doraville, GA

Industrial

Manufacturing

South

432,559

1,940,625

1.94

CPI

December-09

December-34

Quebecor Printing USA Total

432,559

1,940,625

1.94

Lucent Technologies, Inc.

Charlotte, NC

Industrial

Wholesale Trade

East

568,670

1,918,333

1.92

Fixed

March-07

March-12

Lucent Technologies, Inc. Total

568,670

1,918,333

1.92

Career Education Corporation (Brown Institute)

Mendota Heights, MN

Other

Educational Services

Midwest

136,400

1,892,831

1.89

Fixed

May-11

May-19

Career Education Corporation (Brown Institute) Total

136,400

1,892,831

1.89


Ticker: WPC		www.wpcarey.com

EXHIBIT E

Square

Percentage of

Increase

Lease

Maximum

Tenant/Lease Guarantor

Property Location

Property Type

Tenant Type

Region

Footage

Annualized Rent

Total Rent

Factor

Expiration

Term

Information Resources, Inc.⁽⁸⁾

Chicago, IL

Office

Professional, Scientific and Technical Services

Midwest

30,797

683,141

0.68

CPI

October-13

October-23

Information Resources, Inc.⁽⁸⁾

Chicago, IL

Office

Professional, Scientific and Technical Services

Midwest

53,195

1,179,801

1.18

CPI

October-13

October-15

Information Resources, Inc. ⁽⁸⁾ Total

83,992

1,862,942

1.86

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

Glendora, CA

Office

Manufacturing

West

25,000

489,246

0.49

CPI

December-18

December-43

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

Romulus, MI

Industrial

Manufacturing

Midwest

220,000

1,281,052

1.28

CPI

December-18

December-43

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

245,000

1,770,298

1.77

Unisource Worldwide, Inc.

Anchorage, AK

Warehouse/Distribution

Wholesale Trade

West

44,712

344,803

0.34

Stated

December-09

December-29

Unisource Worldwide, Inc.

Commerce, CA

Warehouse/Distribution

Wholesale Trade

West

411,561

1,422,080

1.42

Stated

April-10

April-30

Unisource Worldwide, Inc. Total

456,273

1,766,883

1.77

Brodart Company

Williamsport, PA

Industrial

Wholesale Trade

East

309,030

1,015,205

1.02

CPI

June-08

June-28

Brodart Company

Williamsport, PA

Industrial

Wholesale Trade

East

212,210

705,481

0.71

CPI

June-08

June-28

Brodart Company Total

521,240

1,720,686

1.72

Fiskars, Inc. (aka enviroWorks)

Apopka, FL

Industrial

Manufacturing

South

260,160

1,192,284

1.19

CPI

March-10

March-35

Fiskars, Inc. (aka enviroWorks)

Apopka, FL

Industrial

Manufacturing

South

109,377

501,237

0.50

CPI

March-10

March-35

Fiskars, Inc. (aka enviroWorks)

Apopka, FL

Industrial

Manufacturing

South

5,292

24,220

0.02

CPI

March-10

March-35

Fiskars, Inc. (aka enviroWorks) Total

374,829

1,717,741

1.72

SICOR, Inc.

San Diego, CA

Office

Manufacturing

West

35,951

835,705

0.84

CPI

July-09

July-49

SICOR, Inc.

San Diego, CA

Industrial

Manufacturing

West

36,205

835,705

0.84

CPI

July-09

July-49

SICOR, Inc. Total

72,156

1,671,410

1.67

Wal-Mart Stores, Inc.

West Mifflin, PA

Retail

Retail Trade

East

121,053

1,017,233

1.02

CPI

January-07

January-37

Wal-Mart Stores, Inc.

Greenfield, IN

Warehouse/Distribution

Retail Trade

Midwest

82,620

567,745

0.57

None

January-10

January-20

Wal-Mart Stores, Inc. Total

203,673

1,584,978

1.58

CSS Industries, Inc. (Cleo, Inc)

Memphis, TN

Warehouse/Distribution

Manufacturing

South

614,274

958,496

0.96

CPI

December-10

December-15

CSS Industries, Inc. (Cleo, Inc)

Memphis, TN

Warehouse/Distribution

Manufacturing

South

391,896

611,504

0.61

CPI

December-10

December-15

CSS Industries, Inc. (Cleo, Inc) Total

1,006,170

1,570,000

1.57

BE Aerospace, Inc.

Lenexa, KS

Industrial

Manufacturing

Midwest

130,094

627,066

0.63

Stated

September-17

September-37

BE Aerospace, Inc.

Winston-Salem, NC

Warehouse/Distribution

Manufacturing

East

90,800

252,185

0.25

Stated

September-17

September-37

BE Aerospace, Inc.

Winston-Salem, NC

Industrial

Manufacturing

East

74,026

205,591

0.21

Stated

September-17

September-37

BE Aerospace, Inc.

Winston-Salem, NC

Industrial

Manufacturing

East

50,200

139,424

0.14

Stated

September-17

September-37

BE Aerospace, Inc.

Winston-Salem, NC

Office

Manufacturing

East

43,788

121,610

0.12

Stated

September-17

September-37

BE Aerospace, Inc.

Winston-Salem, NC

Industrial

Manufacturing

East

15,402

42,778

0.04

Stated

September-17

September-37

BE Aerospace, Inc.

Dallas, TX

Industrial

Manufacturing

South

22,680

119,441

0.12

Stated

September-17

September-37

BE Aerospace, Inc. Total

426,990

1,508,095

1.51

Sprint Spectrum, L.P.

Rio Rancho, NM

Office

Information

West

94,730

1,424,561

1.42

Stated

May-11

May-21

Sprint Spectrum, L.P. Total

94,730

1,424,561

1.42

Lowe’s Home Improvement Warehouse

Bellevue, WA

Retail

Wholesale Trade

West

143,352

1,391,554

1.39

CPI & % Sales

August-18

Lowe’s Home Improvement Warehouse Total

143,352

1,391,554

1.39

Amerisure Mutual Insurance Co.

Charleston, SC

Office

Finance and Insurance

East

67,160

729,195

0.73

None

December-07

December-28

Amerisure Mutual Insurance Co.

Charleston, SC

Office

Finance and Insurance

East

22,557

246,235

0.25

None

December-07

December-28

Amerisure Mutual Insurance Co.

Charleston, SC

Office

Finance and Insurance

East

38,037

406,826

0.41

None

December-07

December-28

Amerisure Mutual Insurance Co. Total

127,754

1,382,256

1.38

AT&T Corporation

Bridgeton, MO

Industrial

Information

Midwest

85,510

1,257,410

1.26

Stated

September-11

June-21

AT&T Corporation Total

85,510

1,257,410

1.26

Livho Inc. (Holiday Inn)

Livonia, MI

Hospitality

Accomodation and Food Services

Midwest

158,000

1,200,000

1.20

Stated

January-07

January-08

Livho Inc. Total

158,000

1,200,000

1.20

Omnicom Group, Inc.

Venice, CA

Office

Professional, Scientific and Technical Services

West

77,719

1,193,661

1.19

Stated

September-10

September-30

Omnicom Group, Inc. Total

77,719

1,193,661

1.19

United States Postal Service (Bloomington, IL)

Bloomingdale, IL

Office

Transportation and Warehousing

Midwest

60,000

1,170,000

1.17

Stated

April-11

United States Postal Service (Bloomington, IL) Total

60,000

1,170,000

1.17

Hologic, Inc.⁽⁹⁾

Danbury, CT

Industrial

Manufacturing

East

22,335

210,526

0.21

CPI

August-22

August-42

Hologic, Inc.⁽⁹⁾

Bedford, MA

Industrial

Manufacturing

East

74,520

925,612

0.93

CPI

August-22

August-42

Hologic, Inc. ⁽⁹⁾ Total

96,855

1,136,138

1.14


Ticker: WPC		www.wpcarey.com

EXHIBIT E


					Square				Percentage of			Increase	Lease	Maximum
Tenant/Lease Guarantor	Property Location	Property Type	Tenant Type	Region	Footage		Annualized Rent		Total Rent			Factor	Expiration	Term

Anthony’s Manufacturing Company, Inc.	San Fernando, CA	Industrial	Wholesale Trade	West		7,220		43,127		0.04	%	CPI/Market	May-12	May-12
Anthony’s Manufacturing Company, Inc.	San Fernando, CA	Industrial	Wholesale Trade	West		40,285		240,527		0.24	%	CPI/Market	May-12	May-12
Anthony’s Manufacturing Company, Inc.	San Fernando, CA	Industrial	Wholesale Trade	West		39,920		238,343		0.24	%	CPI/Market	May-12	May-12
Anthony’s Manufacturing Company, Inc.	San Fernando, CA	Industrial	Wholesale Trade	West		95,420		569,819		0.57	%	CPI/Market	May-12	May-12

Anthony’s Manufacturing Company, Inc. Total						182,845		1,091,816		1.09	%

United Space Alliance LLC	Webster, TX	Warehouse/Distribution	Professional, Scientific and Technical Services	South		91,800		572,832		0.57	%	Stated	September-10	September-12
United Space Alliance LLC	Webster, TX	Industrial	Professional, Scientific and Technical Services	South		38,150		381,500		0.38	%	None	April-07	April-11
United Space Alliance LLC	Webster, TX	Industrial	Professional, Scientific and Technical Services	South		7,151		71,508		0.07	%	None	April-07	April-11
United Space Alliance LLC	Webster, TX	Industrial	Professional, Scientific and Technical Services	South		6,104		61,040		0.06	%	None	April-07	April-11

United Space Alliance LLC Total						143,205		1,086,880		1.09	%

Lockheed Martin Corporation	King of Prussia, PA	Office	Professional, Scientific and Technical Services	East		88,578		819,347		0.82	%	Stated	July-08	July-08
Lockheed Martin Corporation	Webster, TX	Industrial	Professional, Scientific and Technical Services	South		30,176		241,416		0.24	%	Stated	December-07	December-07

Lockheed Martin Corporation Total						118,754		1,060,763		1.06	%

Werner Co.	Erlanger, KY	Warehouse/Distribution	Manufacturing	East		409,600		762,048		0.76	%	CPI	July-15	July-21
Werner Co.	Erlanger, KY	Warehouse/Distribution	Manufacturing	East		162,604		274,365		0.27	%	CPI	July-15	July-21

Werner Co. Total						572,204		1,036,413		1.04	%

United Stationers Supply Company	New Orleans, LA	Warehouse/Distribution	Wholesale Trade	South		59,000		366,539		0.37	%	CPI	March-10	March-30
United Stationers Supply Company	Memphis, TN	Warehouse/Distribution	Wholesale Trade	South		75,000		317,385		0.32	%	CPI	March-10	March-30
United Stationers Supply Company	San Antonio, TX	Warehouse/Distribution	Wholesale Trade	South		63,098		350,913		0.35	%	CPI	March-10	March-30

United Stationers Supply Company Total						197,098		1,034,837		1.03	%

Cree Microwave, LLC	Sunnyvale, CA	Industrial	Manufacturing	West		50,311		1,026,297		1.03	%	CPI	November-11	November-26

Cree Microwave, LLC Total						50,311		1,026,297		1.03	%

GATX Logistics, Inc. (aka Sears logistics services)	Jacksonville, FL	Warehouse/Distribution	Wholesale Trade	South		240,000		969,946		0.97	%	None	February-08	February-08

GATX Logistics, Inc. (aka Sears logistics services) Total						240,000		969,946		0.97	%

Swat-Fame, Inc. (City of Industry, CA)	City of Industry, CA	Industrial	Manufacturing	West		233,205		949,663		0.95	%	CPI	December-10	December-20

Swat-Fame, Inc. (City of Industry, CA) Total						233,205		949,663		0.95	%

Consolidated Systems, Inc. ⁽¹³⁾	Columbia, SC	Office	Manufacturing	East		24,459		68,424		0.07	%	Fixed	October-26	October-46
Consolidated Systems, Inc. ⁽¹³⁾	Columbia, SC	Industrial	Manufacturing	East		294,249		823,165		0.82	%	Fixed	October-26	October-46
Consolidated Systems, Inc. ⁽¹³⁾	Columbia, SC	Warehouse/Distribution	Manufacturing	East		13,792		38,582		0.04	%	Fixed	October-26	October-46
Consolidated Systems, Inc. ⁽¹³⁾	Columbia, SC	Warehouse/Distribution	Manufacturing	East		6,266		17,529		0.02	%	Fixed	October-26	October-46

Consolidated Systems, Inc. ⁽¹³⁾ Total						338,766		947,700		0.95	%

Pre Finish Metals, Inc.	Walbridge, OH	Industrial	Manufacturing	Midwest		313,704		892,091		0.89	%	CPI	June-08	June-28

Pre Finish Metals, Inc. Total						313,704		892,091		0.89	%

24 Hour Fitness	Austin, TX	Other	Arts, Entertainment & Recreation	South		43,935		850,484		0.85	%	CPI	June-17	June-33

24 Hour Fitness Total						43,935		850,484		0.85	%

Pharmaco International, Inc.	Austin, TX	Industrial	Professional, Scientific and Technical Services	South		65,160		582,071		0.58	%	CPI	November-10	November-30
Pharmaco International, Inc.	Austin, TX	Office	Professional, Scientific and Technical Services	South		8,500		84,203		0.08	%	CPI	November-10	November-30
Pharmaco International, Inc.	Austin, TX	Office	Professional, Scientific and Technical Services	South		8,525		84,464		0.08	%	CPI	November-10	November-30
Pharmaco International, Inc.	Austin, TX	Office	Professional, Scientific and Technical Services	South		8,500		84,203		0.08	%	CPI	November-10	November-30

Pharmaco International, Inc. Total						90,685		834,941		0.83	%

NVR L.P. (aka NV Ryan, Inc.)	Thurmont, MD	Industrial	Construction	East		150,468		687,992		0.69	%	CPI	March-14	March-30
NVR L.P. (aka NV Ryan, Inc.)	Farmington, NY	Industrial	Construction	East		29,273		132,805		0.13	%	CPI	March-14	March-30

NVR L.P. (aka NV Ryan, Inc.) Total						179,741		820,797		0.82	%

Hibbett Sporting Goods, Inc.	Birmingham, AL	Warehouse/Distribution	Retail Trade	South		219,312		819,935		0.82	%	CPI	December-14	December-29

Hibbett Sporting Goods, Inc. Total						219,312		819,935		0.82	%

AMS Holding Group (Vertafore, Inc.)	College Station, TX	Office	Information	South		52,552		765,101		0.77	%	Stated	December-09	December-15

AMS Holding Group (Vertafore, Inc.) Total						52,552		765,101		0.77	%

Western Union Financial Services, Inc.	Bridgeton, MO	Office	Finance and Insurance	Midwest		78,080		624,640		0.62	%	Stated	November-16	November-26

Western Union Financial Services, Inc. Total						78,080		624,640		0.62	%

Aviva France (fka Tellit Assurances — Sun Alliance)⁽³⁾	Rouen, France	Office	Finance and Insurance	Europe		27,593		604,729		0.60	%	INSEE ⁽²⁾	September-10	September-10

Aviva France (fka Tellit Assurances — Sun Alliance) ⁽³⁾Total						27,593		604,729		0.60	%

Deloro Stellite (DS) Group Ltd. Total	Goshen, IN	Industrial	Manufacturing	Midwest		52,000		563,715		0.56	%	CPI	February-10	February-35

Deloro Stellite (DS) Group Ltd. Total Total						52,000		563,715		0.56	%

Yale Security, Inc.	Lemont, IL	Industrial	Manufacturing	Midwest		113,133		519,000		0.52	%	Stated	March-11	March-11

Yale Security, Inc. Total						113,133		519,000		0.52	%


Ticker: WPC		www.wpcarey.com

EXHIBIT E


					Square				Percentage of			Increase	Lease	Maximum
Tenant/Lease Guarantor	Property Location	Property Type	Tenant Type	Region	Footage		Annualized Rent		Total Rent			Factor	Expiration	Term

Childtime Childcare, Inc.⁽¹⁰⁾	Chandler, AZ	Other Properties	Health Care and Social Assistance	West		2,026		35,254		0.04	%	CPI	January-16	January-41
Childtime Childcare, Inc.⁽¹⁰⁾	Tucson, AZ	Other Properties	Health Care and Social Assistance	West		2,165		36,751		0.04	%	CPI	January-16	January-41
Childtime Childcare, Inc.⁽¹⁰⁾	Alhambra, CA	Other Properties	Health Care and Social Assistance	West		2,262		53,011		0.05	%	CPI	January-16	January-41
Childtime Childcare, Inc.⁽¹⁰⁾	Chino, CA	Other Properties	Health Care and Social Assistance	West		2,166		46,300		0.05	%	CPI	January-16	January-41
Childtime Childcare, Inc.⁽¹⁰⁾	Garden Grove, CA	Other Properties	Health Care and Social Assistance	West		2,848		45,526		0.05	%	CPI	January-16	January-41
Childtime Childcare, Inc.⁽¹⁰⁾	Tustin, CA	Other Properties	Health Care and Social Assistance	West		2,264		52,598		0.05	%	CPI	January-16	January-41
Childtime Childcare, Inc.⁽¹⁰⁾	Westland, MI	Other Properties	Health Care and Social Assistance	Midwest		2,472		26,376		0.03	%	CPI	January-16	January-41
Childtime Childcare, Inc.⁽¹⁰⁾	Canton, MI	Other Properties	Health Care and Social Assistance	Midwest		2,311		47,797		0.05	%	CPI	January-16	January-41
Childtime Childcare, Inc.⁽¹⁰⁾	Westland, MI	Other Properties	Health Care and Social Assistance	Midwest		2,787		34,583		0.03	%	CPI	January-16	January-41
Childtime Childcare, Inc.⁽¹⁰⁾	Carrollton, TX	Other Properties	Health Care and Social Assistance	South		2,438		45,991		0.05	%	CPI	January-16	January-41
Childtime Childcare, Inc.⁽¹⁰⁾	Duncanville, TX	Other Properties	Health Care and Social Assistance	South		2,438		45,991		0.05	%	CPI	January-16	January-41
Childtime Childcare, Inc.⁽¹⁰⁾	Lewisville, TX	Other Properties	Health Care and Social Assistance	South		2,440		45,991		0.05	%	CPI	January-16	January-41

Childtime Childcare, Inc. ⁽¹⁰⁾ Total						28,617		516,169		0.52	%

ALCOA Inc	Salisbury, NC	Warehouse/Distribution	Manufacturing	East		200,000		471,082		0.47	%	Stated	June-10	June-20

ALCOA Inc Total						200,000		471,082		0.47	%

Jada Toys, Inc.	City of Industry, CA	Industrial	Manufacturing	West		92,595		444,000		0.44	%	None	April-12	April-17

Jada Toys, Inc. Total						92,595		444,000		0.44	%

Alstom Power Inc.	Erlanger, KY	Warehouse/Distribution	Professional, Scientific and Technical Services	East		197,400		443,370		0.44	%	Stated	May-13	May-13

Alstom Power Inc. Total						197,400		443,370		0.44	%

Laboratoires Nycomed Amersham⁽³⁾	Paris, France	Office	Manufacturing	Europe		15,404		423,706		0.42	%	INSEE ⁽²⁾	January-10	June-15

Laboratoires Nycomed Amersham ⁽³⁾Total						15,404		423,706		0.42	%

Affiliated Foods Southwest, Inc.	Hope, AR	Retail	Retail Trade	South		35,784		85,882		0.09	%	CPI	March-12	March-37
Affiliated Foods Southwest, Inc.	Little Rock, AR	Retail	Retail Trade	South		21,932		34,745		0.03	%	CPI	March-12	March-22
Affiliated Foods Southwest, Inc.	Little Rock, AR	Retail	Retail Trade	South		64,358		295,611		0.30	%	Fixed	January-09	January-24

Affiliated Foods Southwest, Inc. Total						122,074		416,238		0.42	%

Kmart Corporation	Citrus Heights, CA	Retail	Retail Trade	West		89,760		180,000		0.18	%	None	May-11	May-26
Kmart Corporation	Drayton Plains, MI	Retail	Retail Trade	Midwest		103,018		210,000		0.21	%	None	March-11	March-26

Kmart Corporation Total						192,778		390,000		0.39	%

The Retail Distribution Group	Grand Rapids, MI	Warehouse/Distribution	Wholesale Trade	Midwest		71,784		371,884		0.37	%	Fixed	August-09	August-13

The Retail Distribution Group Total						71,784		371,884		0.37	%

Industrial Data Systems Corp. (aka Petrocon Engineering, Inc.)	Beaumont, TX	Office	Professional, Scientific and Technical Services	South		34,300		296,352		0.30	%	Stated	December-11	December-14
Industrial Data Systems Corp. (aka Petrocon Engineering, Inc.)	Beaumont, TX	Office	Professional, Scientific and Technical Services	South		8,580		74,217		0.07	%	Stated	December-11	December-14

Industrial Data Systems Corp. (aka Petrocon Engineering, Inc.) Total						42,880		370,569		0.37	%

Faurecia Exhaust Systems, Inc. (fka AP Parts Manufacturing, Co.)	Toledo, OH	Office	Manufacturing	Midwest		61,000		336,000		0.34	%	CPI	November-22	November-22

Faurecia Exhaust Systems, Inc. (fka AP Parts Manufacturing, Co.) Total						61,000		336,000		0.34	%

Pioneer Credit Recovery, Inc.	Moorestown, NJ	Office	Administrative and Support and Waste Management and Remediation Services	East		30,000		330,000		0.33	%	Fixed	April-12	April-18

Pioneer Credit Recovery, Inc. Total						30,000		330,000		0.33	%

Direction Regional des Affaires Sanitaires et Sociales(DRASS)⁽³⁾	Rouen, France	Office	Public Administration	Europe		19,214		294,086		0.29	%	INSEE ⁽²⁾	December-13	December-13

Direction Regional des Affaires Sanitaires et Sociales ⁽³⁾Total						19,214		294,086		0.29	%

SARL S3T⁽¹¹⁾	Joue Les Tours, France	Warehouse/Distribution	Information	Europe		55,594		292,856		0.29	%	INSEE ⁽²⁾	May-08	May-08

SARL S3T ⁽¹¹⁾ Total						55,594		292,856		0.29	%

S&ME, Inc.	Raleigh, NC	Office	Professional, Scientific and Technical Services	East		27,770		291,204		0.29	%	Stated	July-16	July-26

S&ME, Inc. Total						27,770		291,204		0.29	%

Roof Center, Inc., The	Manassas, VA	Industrial	Wholesale Trade	East		60,446		285,115		0.29	%	Fixed	July-09	July-09

Roof Center, Inc., The Total						60,446		285,115		0.29	%

DSM Food Specialties⁽¹¹⁾	Phalempin, France	Warehouse/Distribution	Wholesale Trade	Europe		29,870		279,586		0.28	%	INSEE ⁽²⁾	May-08	May-08

DSM Food Specialties ⁽¹¹⁾ Total						29,870		279,586		0.28	%

Winn-Dixie, Inc.	Montgomery, AL	Retail	Retail Trade	South		32,690		138,933		0.14	%	None	March-08	March-38
Winn-Dixie, Inc.	Brewton, AL	Retail	Retail Trade	South		30,625		134,500		0.13	%	None	October-10	October-30

Winn-Dixie, Inc. Total						63,315		273,433		0.27	%

US WEST Communications, Inc. (Qwest Communications)	Scottsdale, AZ	Industrial	Information	West		2,900		175,735		0.18	%	Fixed	February-07	February-17
US WEST Communications, Inc. (Qwest Communications)	Scottsdale, AZ	Industrial	Information	West		1,560		94,535		0.09	%	Fixed	February-07	February-17

US WEST Communications, Inc. (Qwest Communications) Total						4,460		270,270		0.27	%

Penberthy Products, Inc.	Prophetstown, IL	Industrial	Manufacturing	Midwest		161,878		268,890		0.27	%	CPI	April-11	April-26

Penberthy Products, Inc. Total						161,878		268,890		0.27	%

Honeywell, Inc.	Houston, TX	Land	Manufacturing	South		1		36,000		0.04	%	None	September-10	September-10
Honeywell, Inc.	Houston, TX	Warehouse/Distribution	Manufacturing	South		32,320		228,828		0.23	%	None	September-10	September-10

Honeywell, Inc. Total						32,321		264,828		0.26	%


Ticker: WPC		www.wpcarey.com

EXHIBIT E


					Square				Percentage of			Increase	Lease	Maximum
Tenant/Lease Guarantor	Property Location	Property Type	Tenant Type	Region	Footage		Annualized Rent		Total Rent			Factor	Expiration	Term

Northern Tube, Inc. (Tubular Metal Systems)	Pinconning, MI	Industrial	Manufacturing	Midwest		220,588		254,538		0.25	%	CPI	July-13	December-22

Northern Tube, Inc. Total						220,588		254,538		0.25	%

Department de Seine St. Denis ⁽³⁾	Paris, France	Office	Public Administration	Europe		8,451		244,901		0.24	%	INSEE ⁽²⁾	December-11	December-11

Department de Seine St. Denis ⁽³⁾ Total						8,451		244,901		0.24	%

La Region Ile de France ⁽³⁾	Paris, France	Office	Public Administration	Europe		7,613		221,517		0.22	%	INSEE ⁽²⁾	October-12	October-12

La Region Ile de France ⁽³⁾ Total						7,613		221,517		0.22	%

Ace Hardware (Bay Area Blvd, Houston TX)	Houston, TX	Retail	Retail Trade	South		23,569		212,121		0.21	%	Stated	March-16	March-26

Ace Hardware (Bay Area Blvd, Houston TX) Total						23,569		212,121		0.21	%

GIE Groupe Vauban ⁽³⁾	Paris, France	Office	Finance and Insurance	Europe		7,613		211,919		0.21	%	INSEE ⁽²⁾	September-12	September-12

GIE Groupe Vauban ⁽³⁾ Total						7,613		211,919		0.21	%

Verizon Communications, Inc.	Milton, VT	Industrial	Information	East		30,624		208,467		0.21	%	Fixed	February-13	February-13

Verizon Communications, Inc. Total						30,624		208,467		0.21	%

Xerox Corporation	Hot Springs, AR	Retail	Manufacturing	South		36,850		171,721		0.17	%	Fixed	May-11	May-21

Xerox Corporation Total						36,850		171,721		0.17	%

Continental Airlines, Inc.	Houston, TX	Warehouse/Distribution	Transportation and Warehousing	South		25,125		157,200		0.16	%	Fixed	July-08	July-08

Continental Airlines, Inc. Total						25,125		157,200		0.16	%

Golder Associates Inc.	Houston, TX	Office	Professional, Scientific and Technical Services	South		3,330		30,768		0.03	%	Fixed	October-10	October-20
Golder Associates Inc.	Houston, TX	Office	Professional, Scientific and Technical Services	South		8,066		72,600		0.07	%	None	October-10	October-20

Golder Associates Inc. Total						11,396		103,368		0.10	%

Custom Training Group	Houston, TX	Office	Educational Services	South		4,456		41,172		0.04	%	Fixed	December-08	December-08
Custom Training Group	Houston, TX	Office	Educational Services	South		7,248		59,400		0.06	%	Fixed	December-08	December-11

Custom Training Group Total						11,704		100,572		0.10	%

L’Agence Nationale Pour L’Emploi (ANPE)⁽³⁾	Paris, France	Office	Public Administration	Europe		3,633		82,276		0.08	%	INSEE ⁽²⁾	June-07	June-15

L’Agence Nationale Pour L’Emploi ⁽³⁾Total						3,633		82,276		0.08	%

Richard Millburn Academy	Houston, TX	Office	Educational Services	South		7,860		80,220		0.08	%	Stated	September-08	September-13

Richard Millburn Academy Total						7,860		80,220		0.08	%

Bike Barn Holding Company, Inc. (Bay Area Blvd, Houston, TX)	Houston, TX	Retail	Retail Trade	South		6,216		71,280		0.07	%	Stated	August-10	August-15

Bike Barn Holding Company, Inc. Total						6,216		71,280		0.07	%

The Boeing Company	Houston, TX	Warehouse/Distribution	Manufacturing	South		10,960		71,040		0.07	%	Fixed	January-09	January-13

The Boeing Company Total						10,960		71,040		0.07	%

Kenyon International Emergency Services (Pepsi)	Houston, TX	Warehouse/Distribution	Health Care and Social Assistance	South		17,725		70,014		0.07	%	None	October-09	October-19

Kenyon International Emergency Services (Pepsi) Total						17,725		70,014		0.07	%

AFPOLS⁽³⁾	Paris, France	Office	Public Administration	Europe		3,488		69,373		0.07	%	INSEE ⁽²⁾	June-08	June-08

AFPOLS ⁽³⁾ Total						3,488		69,373		0.07	%

Raytheon Company	Webster, TX	Industrial	Professional, Scientific and Technical Services	South		9,138		65,796		0.07	%	Fixed	July-10	July-25

Raytheon Company Total						9,138		65,796		0.07	%

Trans American Automation Inc.	Houston, TX	Office	Manufacturing	South		5,632		48,660		0.05	%	Fixed	February-07	February-07

Trans American Automation Inc. Total						5,632		48,660		0.05	%

Olmsted Kirk Paper Company (Beaumont, TX)	Beaumont, TX	Office	Wholesale Trade	South		5,760		41,305		0.04	%	Stated	December-07	December-07

Olmsted Kirk Paper Company (Beaumont, TX) Total						5,760		41,305		0.04	%

Cardinal Communications	Broomfield, CO	Office	Construction	West		9,401		28,203		0.03	%	None	October-07	October-08

Cardinal Communications Total						9,401		28,203		0.03	%

G.T. of the Front Range	Broomfield, CO	Office	Retail Trade	West		5,488		20,580		0.02	%	Stated	June-11	June-11

G.T. of the Front Range Total						5,488		20,580		0.02	%

CGEC Keter	Paris, France	Office	Real Estate and Rental and Leasing	Europe		2,301		14,853		0.01	%	INSEE ⁽²⁾	December-14	December-14

CGEC Keter Total						2,301		14,853		0.01	%

Marathon System Service	Broomfield, CO	Office	Information	West		2,283		14,680		0.01	%	None	November-07	November-07

Marathon System Service Total						2,283		14,680		0.01	%

Sundew Technologies	Broomfield, CO	Office	Administrative and Support and Waste Management and Remediation Services	West		3,745		12,805		0.01	%	None	October-07	October-07

Sundew Technologies Total						3,745		12,805		0.01	%

Appointment Quest	Broomfield, CO	Office	Information	West		1,670		12,024		0.01	%	Fixed	May-09	May-09

Appointment Quest Total						1,670		12,024		0.01	%


Ticker: WPC		www.wpcarey.com

EXHIBIT E

Square

Percentage of

Increase

Lease

Maximum

Tenant/Lease Guarantor

Property Location

Property Type

Tenant Type

Region

Footage

Annualized Rent

Total Rent

Factor

Expiration

Term

Red Cloud Telecom Products, Inc. ⁽¹²⁾

Broomfield, CO

Office

Information

West

2,093

12,000

0.01

Fixed

N/A

Red Cloud Telecom Products, Inc. Total ⁽¹²⁾

2,093

12,000

0.01

Abilis ⁽³⁾

Paris, France

Office

Other Services (except Public Administration)

Europe

10,855

0.01

INSEE ⁽²⁾

February-07

January-08

Abilis ⁽³⁾ Total

10,855

0.01

Aardvark IT Solutions

Broomfield, CO

Office

Professional, Scientific and Technical Services

West

3,069

10,742

0.01

None

April-08

N/A

Aardvark IT Solutions Total

3,069

10,742

0.01

Ass Comite Dept du Tourisme ⁽³⁾

Paris, France

Office

Public Administration

Europe

10,243

0.01

INSEE ⁽²⁾

June-07

Ass Comite Dept du Tourisme ⁽³⁾ Total

10,243

0.01

Rhino Linings

Broomfield, CO

Office

Retail Trade

West

2,532

9,849

0.01

Fixed

June-08

Rhino Linings Total

2,532

9,849

0.01

Classic Cuisines Catering

Bloomingdale, IL

Office

Accomodation and Food Services

Midwest

1,000

9,000

0.01

None

October-08

Classic Cuisines Catering Total

1,000

9,000

0.01

Fine Art Mannequins, LLC

Broomfield, CO

Office

Professional, Scientific and Technical Services

West

2,209

8,836

0.01

None

April-07

April-09

Fine Art Mannequins, LLC Total

2,209

8,836

0.01

AT&T Wireless Service ⁽¹²⁾

Broomfield, CO

Office

Information

West

730

8,208

0.01

Fixed

N/A

AT&T Wireless Service Total ⁽¹²⁾

730

8,208

0.01

Remote Access Diagnostic Radiography

Broomfield, CO

Office

Health Care and Social Assistance

West

2,093

7,765

0.01

Fixed

October-06

Remote Access Diagnostic Radiography Total

2,093

7,765

0.01

Orange ⁽³⁾

Paris, France

Office

Information

Europe

7,765

0.01

None

June-15

N/A

Orange ⁽³⁾Total

7,765

0.01

EarthRoamer.com

Broomfield, CO

Office

Manufacturing

West

7,500

0.01

None

April-07

EarthRoamer.com Total

7,500

0.01

Photo Center ⁽¹²⁾

Hot Springs, AR

Retail

Manufacturing

South

340

4,800

0.00

None

N/A

Photo Center ⁽¹²⁾ Total

340

4,800

0.00

Byron Jacquot ⁽¹²⁾

Broomfield, CO

Office

Arts, Entertainment & Recreation

West

1,105

3,978

0.00

None

N/A

Byron Jacquot Total⁽¹²⁾

1,105

3,978

0.00

DLH Management Corporation

Broomfield, CO

Office

Construction

West

1,510

2,280

0.00

None

February-07

DLH Management Corporation Total

1,510

2,280

0.00

Tempered Air Services, Inc.

Broomfield, CO

Office

Construction

West

1,200

0.00

None

December-06

Tempered Air Services, Inc. Total

1,200

0.00

Vacant

Houston, TX

Office

N/A

South

5,742

—

N/A

Vacant

Bloomingdale, IL

Office

N/A

Midwest

14,084

—

N/A

Vacant

Travelers Rest, SC

Industrial

N/A

East

181,700

—

N/A

Vacant

Bloomingdale, IL

Office

N/A

Midwest

40,916

—

N/A

Vacant

Moorestown, NJ

Office

N/A

East

35,567

—

N/A

Vacant

Webster, TX

Industrial

N/A

South

17,859

—

N/A

Vacant

Houston, TX

Office

N/A

South

7,306

—

N/A

Vacant

Salisbury, NC

Various

N/A

East

110,965

—

N/A

Vacant

Broomfield, CO

Office

N/A

West

57,827

—

N/A

Vacant

San Leandro, CA

Land

N/A

West

—

N/A

Vacant

Chattanooga, TN

Industrial

N/A

South

242,317

—

N/A

Vacant

Paris, France

Office

N/A

Europe

3,407

—

N/A

Vacant Total

717,691

Grand Total

17,990,782

100,003,023

100


(1)		WPC LLC owns 95% of this property. Rents reflect a conversion rate of 1.3203 USD/EUR as of December 31, 2006.

(2)		INSEE construction index, an index published quarterly by the French Government.

(3)		WPC LLC owns 75% of this property. Rents reflect a conversion rate of 1.3203 USD/EUR as of December 31, 2006.

(4)		WPC LLC owns 49.625% of this property. Rents reflect a conversion rate of 1.3203 USD/EUR as of December 31, 2006.

(5)		WPC LLC owns 40% of this property.

(6)		WPC LLC owns 74.583% of this property.

(7)		WPC LLC owns 50% of this property.

(8)		WPC LLC owns 33.33% of this property.

(9)		WPC LLC owns 36.00% of this property.

(10)		WPC LLC owns 33.93% of this property.

(11)		WPC LLC owns 80% of this property. Rents reflect a conversion rate of 1.3203 USD/EUR as of December 31, 2006.

(12)		Tenant is occupying property on a month-to-month basis.

(13)		WPC LLC owns 60% of this property.

(14)		WPC LLC owns 35% of this property.


Ticker: WPC		www.wpcarey.com


Contents	Page
*CORPORATE PROFILE:*
Company Overview		5
Full Year and Fourth Quarter Ended December 31, 2006 Results		6
Financial Highlights		7

*FINANCIAL ANALYSIS:*
Reconciliation of Net Income to FFO and FAD Analysis		9
Debt Structure Analysis		10
Total Capitalization Analysis		11
Revenue Diversification Analysis		12
Revenue Stability Analysis		13
Selected Financial Ratios Analysis		14
Portfolio Debt Summary		15
Mortgage Debt Maturity Profile		16

*ACQUISITIONS & DISPOSITIONS:*
2006 Acquisitions Update		18
2006 Dispositions Update		19

*PORTFOLIO ANALYSIS:*
Portfolio Diversification Analysis by Rent Contribution		21
Portfolio Diversification Analysis by Property Type		22
Portfolio Diversification Analysis by Tenant Industry		23
Portfolio Diversification Analysis by Geography		24
Portfolio Lease Maturity Analysis		25

*EXHIBITS:*
Consolidated Balance Sheets	*Exhibit A*
Consolidated Statements of Income	*Exhibit B*
Consolidated Statements of Cash Flows	*Exhibit C*
Quarterly Reconciliation of Net Income to Funds from Operations	*Exhibit D*
Detailed Property Summary	*Exhibit E*



Exchanges		NYSE & PCX
Ticker		WPC
Closing Price Range three months ended December 31, 2006		$27.66-$30.82
Listed Shares Outstanding as of December 31, 2006		38,262,157


Revenues from Real Estate Operations ⁽¹⁾	$	88,095	41	%
Revenues from Management Services Operations ⁽²⁾		126,157	59	%

Total Revenues ⁽³⁾	$	214,252	100	%


*Year*	*Balloon Payments* ^{(1) (2)}

2007	$	15,540,508
2008		5,000,000
2009		28,927,325
2010		6,612,173
2011		47,181,128
2012		28,260,046
2013		5,162,508
2014		40,179,558
2015		36,005,515
2016		25,198,546
2017		13,023,955
2018		—
2019		—
2020		—
2021		—
2022		—
2023		231,984

Total	$	251,323,246


*Percentage of Total*	*Number of Tenants/Lease*
*Annualized Rent*	*Guarantors*

10.0% < rent		0
10.0% > , ³ 7.5%		1
7.5% > , ³ 5.0%		0
5.0% > , ³ 2.5%		7
2.5% > rent		103


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

(2)		Based on a stock price of $31.30 on February 15, 2007 and 2006 analyst FFO forecast of $2.75.


Limited Recourse Mortgage Debt ⁽¹⁾	$	287,837	100	%
Unsecured Credit Facility		—	0	%
Secured Credit Facility (Self-Storage)		—	0	%

Total Debt	$	287,837	100	%


Limited Recourse Mortgage Debt ⁽¹⁾	$	354,144	95	%
Unsecured Credit Facility		2,000	1	%
Secured Credit Facility (Self-Storage)		15,501	4	%

Total Debt	$	371,645	100	%


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


Equity Market Capitalization of Listed Shares⁽¹⁾	$	1,223,639	77	%
Limited Recourse Mortgage Debt⁽²⁾		354,144	22	%
Unsecured Credit Facility		2,000	0	%
Secured Credit Facility (Self-Storage)		15,501	1	%

Total Debt		371,645	23	%


Total Market Capitalization⁽³⁾	$	1,595,283	100	%


Members’ Equity	$	631,985	63	%
Limited Recourse Mortgage Debt⁽²⁾		354,144	35	%
Unsecured Credit Facility		2,000	0	%
Secured Credit Facility (Self-Storage)		15,501	2	%

Total Debt		371,645	37	%


Total Book Value Capitalization⁽³⁾	$	1,003,630	100	%


(1)		Stock price of $31.30 is as of February 15, 2007. Diluted shares outstanding of 39,093,897 for the year ended December 31, 2006.

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

(3)		Numbers may not add up due to rounding.

(1)		Revenues from Real Estate Operations (continuing and discontinued operations) = lease revenues + other real estate income + other interest income.

(2)		Revenues from Management Services Operations = asset management revenue + structuring revenue + merger-related revenue of $46,018 earned in connection with the CPA^Ò: 12/14 merger in December 2006.

(3)		Total revenues exclude reimbursements of costs received from affiliated CPA^ÒREITs as they have no impact on net income.


(1)		Balloon payments calculated using an exchange rate of 1.3203 USD/EUR at December 31, 2006 (where applicable).

(2)		Excludes outstanding credit facilities.


	*Annualized*		*Percentage of Total*			*Percentage of*
*Top Ten Tenants/Lease Guarantors*	*Rent*		*Annualized Rent*			*Revenue*⁽¹⁾

Carrefour France, S.A.		9,096,463		9.1	%		4.2	%
Dr Pepper/Seven Up Bottling Group		4,683,737		4.7	%		2.2	%
Detroit Diesel Corporation		4,634,253		4.6	%		2.2	%
Bouygues Telecom, S.A.		3,986,319		4.0	%		1.9	%
Orbital Sciences Corporation		3,022,947		3.0	%		1.4	%
Federal Express Corporation		3,015,966		3.0	%		1.4	%
The Titan Corporation		2,862,068		2.9	%		1.3	%
America West Holdings Corporation		2,837,889		2.8	%		1.3	%
CheckFree Holdings, Inc.		2,301,768		2.3	%		1.1	%
AutoZone, Inc.		2,216,594		2.2	%		1.0	%


*Property Type*	*Square Footage* ⁽²⁾		*Percent*

Industrial		9,017,092		50.1	%
Warehouse/Distribution		5,285,831		29.4	%
Office		2,191,216		12.2	%
Retail		1,011,777		5.6	%
Hospitality		158,000		0.9	%
Other ⁽³⁾		326,866		1.8	%

Total⁽⁴⁾		17,990,782		100.0	%


*Property Type*	*Annualized Rent⁽¹⁾*		*Percent*

Industrial	$	35,104,082		35.1	%
Office		31,101,488		31.1	%
Warehouse/Distribution		20,992,311		21.0	%
Retail		6,164,974		6.2	%
Hospitality		1,200,000		1.2	%
Other⁽³⁾		5,440,168		5.4	%

Total⁽⁴⁾	$	100,003,023		100.0	%


(1)		Rents reflect current annualized rents on a pro rata basis.

(2)		Square footage for jointly owned properties shown on a pro rata basis.

(3)		Reflects land used for education, child care, and social services; health care; leisure, amusement, and recreation; unoccupied land.
(4)		Numbers may not add up due to rounding.


	*Annualized*		*Percentage*
*Industry Type*⁽¹⁾	*Rent*		*of Rent*⁽²⁾

Retail	$	14,421,800		14.4	%
Telecommunications		12,491,563		12.5	%
Health Care, Education, and Child Care		8,615,301		8.6	%
Business and Commercial Services		7,675,990		7.7	%
Electronics		7,016,918		7.0	%
Transportation — Personal		6,011,054		6.0	%
Consumer Non-durable Goods		5,781,861		5.8	%
Beverages, Food, and Tobacco		5,335,207		5.3	%
Machinery		5,281,856		5.3	%
Aerospace and Defense		4,866,910		4.9	%
Forest Products and Paper		4,413,025		4.4	%
Mining, Metals, and Primary Metal Industries		2,672,396		2.7	%
Construction and Building		2,529,149		2.5	%
Insurance		2,198,904		2.2	%
Federal, State, and Local Government		2,092,396		2.1	%
Media: Printing and Publishing		1,940,625		1.9	%
Chemicals, Plastics, Rubber, and Glass		1,717,741		1.7	%
Hotels and Gaming		1,209,000		1.2	%
Textiles, Leather, and Apparel		949,663		0.9	%
Leisure, Amusement, and Entertainment		854,462		0.9	%
Other ⁽³⁾		1,927,202		1.9	%

Total ⁽⁴⁾	$	100,003,023		100.0	%


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

(2)		Rents reflect current annualized rents on a pro rata basis.

(3)		Reflects properties with tenants in the industries of grocery, banking, automobile, and buildings and real estate

(4)		Numbers may not add up due to rounding.


*Region*	*Square Footage*⁽²⁾		*Percentage*

Midwest		4,983,541		27.7	%
South		4,933,174		27.4	%
East		3,809,017		21.2	%
West		2,321,016		12.9	%
Europe		1,944,034		10.8	%


Total ⁽³⁾		17,990,782		100.0	%


*Region*	*Annualized Rent*⁽¹⁾		*Percentage*

South	$	27,932,498		27.9	%
West		21,148,476		21.1	%
Midwest		19,078,241		19.1	%
East		13,910,045		13.9	%
Europe		17,933,763		17.9	%


Total ⁽³⁾	$	100,003,023		100.0	%


*Year of*	*Number of*		*Annualized*		*Percentage of Total*			*Average Years to*
*Lease Expiration*	*Leases*		*Rents*⁽¹⁾		*Annualized Rents*			*Maturity*

2006		8	$	59,049		0.1	%		0.00
2007		23		7,059,538		7.1	%		1.00
2008		17		5,571,003		5.6	%		2.00
2009		18		12,341,562		12.3	%		3.00
2010		25		14,692,340		14.7	%		4.00
2011		59		17,920,380		17.9	%		5.00
2012		18		6,775,172		6.8	%		6.00
2013		17		6,095,638		6.1	%		7.00
2014		7		9,177,211		9.2	%		8.00
2015		7		3,345,946		3.3	%		9.00
2016		15		1,644,134		1.6	%		10.00
2017		7		2,358,579		2.4	%		11.00
2018		3		3,161,852		3.2	%		12.00
2019		4		2,746,528		2.7	%		13.00
2020		1		4,634,253		4.6	%		14.00
2021		—		—		0.0	%		15.00
2022		3		1,472,138		1.5	%		16.00
2023		—		—		0.0	%		17.00
2024		—		—		0.0	%		18.00
2025		—		—		0.0	%		19.00
2026		1		947,700		0.9	%		20.00

Total⁽²⁾		233	$	100,003,023		100	%


(1)		Month to month properties are counted in current year’s revenue stream.

(2)		Numbers may not add up due to rounding.


(1)		Sources for Exhibits A, B, C and D include a) Forms 10-K for the years 2004, 2005 & 2006 b) Company Press Releases