8-K

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): May 10, 2007

W. P. Carey & Co. LLC

(Exact name of registrant as specified in its charter)

Delaware	001-13779	13-3912578
(State or other jurisdiction of incorporation)	(Commission File Number)	(I.R.S. Employer Identification No.)
50 Rockefeller Plaza
New York, New York		10020
(Address of principal executive offices)		(Zip code)

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

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:

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o Pre-commencement communications pursuant to Rule 13e-4 (c) under the Exchange Act (17 CFR 240.13e-4(c))

ITEM 7.01 Regulation FD Disclosure.

On May 10, 2007, the registrant made available supplemental information (the “Supplemental Disclosure Report”) concerning its operations and portfolio as of March 31, 2007. A copy of this supplemental information is attached as Exhibit 99.1.

The information furnished pursuant to this “Item 7.01 Regulation FD Disclosure,” including Exhibit 99.1, shall not be deemed to be “filed” for the purposes of Section 18 of the Exchange Act, regardless of any general incorporation language in such filing.

ITEM 9.01 Financial Statements and Exhibits.

Exhibit 99.1 Supplemental Disclosure Report of the registrant for the quarter ended March 31, 2007.

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 & Co. LLC
Date: May 10, 2007	By:	/s/ Mark J. DeCesaris
		Mark J. DeCesaris
		Managing Director and acting Chief Financial Officer

EX-99.1

EXHIBIT 99.1

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

For the Three Months Ended
March 31, 2007

Important Disclosures About this Report

Important Note Regarding Non-GAAP Financial Measures

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

Forward-looking Statements

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

W. P. CAREY & CO. LLC
Supplemental Disclosure Report for the Three Months Ended March 31, 2007

Contents	Page
CORPORATE PROFILE:
Company Overview		5
First Quarter March 31, 2007 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:
2007 Acquisitions & Dispositions Update		18
PORTFOLIO ANALYSIS:
Portfolio Diversification Analysis by Rent Contribution		20
Portfolio Diversification Analysis by Property Type		21
Portfolio Diversification Analysis by Tenant Industry		22
Portfolio Diversification Analysis by Geography		23
Portfolio Lease Maturity Analysis		24
EXHIBITS:
Consolidated Balance Sheets	Exhibit A
Consolidated Statements of Income	Exhibit B
Consolidated Statements of Cash Flows	Exhibit C
Quarterly Reconciliation of Net Income to Funds from Operations	Exhibit D
Detailed Property Summary	Exhibit E

CORPORATE PROFILE

SECTION: CORPORATE PROFILE

W. P. CAREY & CO. LLC
Company Overview
March 31, 2007

STOCK DATA

Exchanges	NYSE
Ticker	WPC
Closing Price Range three months ended March 31, 2007	$	30.05 - $34.20
Listed Shares Outstanding as of March 31, 2007		38,442,298

BANKS

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

INDEPENDENT AUDITORS

PricewaterhouseCoopers LLP

COMPANY CONTACTS

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

EXECUTIVE OFFICES

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

Ticker: WPC www.wpcarey.com

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SECTION: CORPORATE PROFILE

W. P. CAREY & CO. LLC
First Quarter March 31, 2007 Results

Financial Results

Net income for the first quarter of 2007 was $10.8 million, as compared to $11.1 million for the same period in 2006.

Diluted earnings per share (EPS) for the first quarter 2007 was $0.27 as compared to $0.29 for the same period in 2006.

Funds from Operations (FFO) for the first quarter 2007 was $18.6 million, or $0.47 per diluted share, as compared to $21.8 million, or $0.57 per diluted share, for the comparable period in 2006.

Cash flows from operating activities were negative for the period as a result of payment in the first quarter of taxes totaling $21 million on revenue earned in the CPA®:12/CPA®:14 merger, income from which was recognized in the fourth quarter of 2006.

Dividend Increase

The Board of Directors raised the quarterly cash distribution to $0.462 per share, which was paid on April 16, 2007 to shareholders of record as of March 31, 2007.

Investment Highlights

In the first quarter of 2007, we structured five investments on behalf of our managed CPA^® REITs totaling approximately $167 million. Substantially all of these investments were made on behalf of CPA®:16 — Global, with 24% being international transactions.

Our investment volume reached $639 million through April, as compared with $303 million for the previous year, an increase of 111%. This volume increase reflects a substantial investment in Germany that closed during April.

CPA^®: 17 — Global

In February 2007, we formed CPA®:17 — Global for the purpose of investing in a diversified portfolio of income-producing commercial properties and other real estate assets both domestically and internationally. We expect to launch the up to $2.5 billion offering later this year.

Ticker: WPC www.wpcarey.com

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SECTION: CORPORATE PROFILE

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

	For the Three Months			For the Three Months			For the Year
	Ended			Ended			Ended
	March 31, 2007			March 31, 2006			December 31, 2006
Operations
Total Revenues from Continuing Operations	$	45,898		$	47,762		$	273,258
Net Income	$	10,800		$	11,065		$	86,303
Funds From Operations (FFO)	$	18,567		$	21,826		$	128,537
Per Share
FFO (Diluted)	$	0.47		$	0.57		$	3.29
Dividends Declared	$	0.462		$	0.452		$	1.82
Pay Out Ratio (Dividends Declared/FFO)		98.3	%		79.3	%		55.3	%
Weighted Average Listed Shares Outstanding (Diluted)		39,851,353			38,627,267			39,093,897
Balance Sheet	As of 3/31/07			As of 3/31/06			As of 12/31/06
Total Assets	$	1,107,457		$	1,000,075		$	1,093,010
Limited Recourse Mortgage Debt (1)	$	260,891		$	249,896		$	261,152
Unsecured Credit Facility	$	26,000		$	6,000		$	2,000
Secured Credit Facility (Self-Storage)	$	30,651		$	—		$	15,501
Members’ Equity	$	628,931		$	603,276		$	631,985
Stock Data
Price Range	$	30.05 - $34.20
Dividend Yield Range		5.40% - 6.15	%
Average Trading Volume		37,454
Price/TTM FFO (2)		10.92

(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 $34.63 on May 1, 2007 and trailing twelve months (TTM) FFO of $3.17

Ticker: WPC www.wpcarey.com

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FINANCIAL ANALYSIS

SECTION: FINANCIAL ANALYSIS

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

	For the Three Months			For the Three Months			For the Year
	Ended			Ended			Ended
	March 31, 2007			March 31, 2006			December 31, 2006
Net income	$	10,800		$	11,065		$	86,303
Gain on sale of real estate		—			—			(3,452	)
FFO of equity investees in excess of equity income		4,390			2,825			9,802
Depreciation, amortization, deferred taxes and other non-cash charges		2,747			4,125			29,022
FFO applicable to minority investees in excess of minority income		(203	)		(237	)		(794	)
Straight-line rent adjustments		833			691			3,152
Impairment charges and loan losses		—			3,357			4,504
Funds From Operations (FFO)	$	18,567		$	21,826		$	128,537
Weighted Average Shares Outstanding
Basic		37,930,777			37,727,782			37,668,920
Diluted		39,851,353			38,627,267			39,093,897
FFO per Share
Basic	$	0.49		$	0.58		$	3.41
Diluted	$	0.47		$	0.57		$	3.29
Pay Out Ratio (Dividend/FFO)		98.3	%		79.3	%		55.3	%
Funds From Operations (FFO)	$	18,567		$	21,826		$	128,537
Recurring and non-revenue enhancing capital expenditure		(70	)		—			(714	)
Funds Available For Distribution (FAD)	$	18,497		$	21,826		$	127,823
FAD Per Share
Basic	$	0.49		$	0.58		$	3.39
Diluted	$	0.46		$	0.57		$	3.27
Pay Out Ratio (Dividend/FAD diluted)		100.4	%		79.3	%		55.7	%

Ticker: WPC www.wpcarey.com

9

SECTION: FINANCIAL ANALYSIS

W. P. CAREY & CO. LLC
Debt Structure Analysis
(in thousands)

Debt Structure

December 31, 2006
Limited Recourse Mortgage Debt (1)	$	354,144	95	%
Unsecured Credit Facility		2,000	1	%
Secured Credit Facility (Self-Storage)		15,501	4	%
Total Debt (2)	$	371,645	100	%

March 31, 2007
Limited Recourse Mortgage Debt (1)	$	353,409	86	%
Unsecured Credit Facility		26,000	6	%
Secured Credit Facility (Self-Storage)		30,651	7	%
Total Debt (2)	$	410,060	100	%

(1)	Adjusted for pro rata mortgage debt of equity investments and minority interests. See Portfolio Debt Summary on page 15 for details.
(2)	Numbers may not add up due to rounding.

Ticker: WPC www.wpcarey.com

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SECTION: FINANCIAL ANALYSIS

W. P. CAREY & CO. LLC
Total Capitalization Analysis
March 31, 2007
(in thousands)

Total Market Capitalization Analysis
Equity Market Capitalization of Listed Shares (1)	$	1,380,052	77	%
Limited Recourse Mortgage Debt (2)		353,409	20	%
Unsecured Credit Facility		26,000	1	%
Secured Credit Facility (Self-Storage)		30,651	2	%
Total Debt (3)		410,060	23	%
Total Market Capitalization (3)	$	1,790,111	100	%

Total Book Value Capitalization Analysis
Members’ Equity	$	628,931	61	%
Limited Recourse Mortgage Debt (2)		353,409	34	%
Unsecured Credit Facility		26,000	3	%
Secured Credit Facility (Self-Storage)		30,651	3	%
Total Debt (3)		410,060	39	%
Total Book Value Capitalization (3)	$	1,038,991	100	%

(1)	Stock price of $34.63 is as of May 1, 2007. Diluted shares outstanding of 39,851,353 for the three months ended March 31, 2007.
(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.

Ticker: WPC www.wpcarey.com

11

SECTION: FINANCIAL ANALYSIS

W. P. CAREY & CO. LLC
Revenue Diversification Analysis (GAAP Modified)
(in thousands)

Year Ended
December 31, 2006
Revenues from Real Estate Operations (1)	$	85,242	40	%
Revenues from Management Services Operations (2)		129,010	60	%
Total Revenues (3)	$	214,252	100	%

Three Months Ended
March 31, 2007
Revenues from Real Estate Operations (1)	$	23,121	53	%
Revenues from Management Services Operations (2)		20,144	47	%
Total Revenues (3)	$	43,265	100	%

Definitions
(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 + other interest income + merger-related revenue of $46,018 earned in connection with the CPAÒ: 12 and 14 merger in December 2006.
(3)	Total revenues exclude reimbursements of costs received from affiliated CPAÒ REITs as they have no impact on net income.

Ticker: WPC www.wpcarey.com

12

SECTION: FINANCIAL ANALYSIS

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

			Diluted
	Year Ended		Per
Revenue Type	December 31, 2006		Share		%
Rents (1)	$	82,634	$	2.11
Management revenue (2)		60,486	$	1.55
Rents and Management Revenue		143,120	$	3.66		67	%
Structuring revenue (3)		22,506	$	0.58
Disposition / termination revenue (4)		46,018	$	1.18
Other real estate income (lease terminations and other settlements)		2,608	$	0.07
Structuring Revenue & Other Income		71,132	$	1.82		33	%
Total (5)(6)	$	214,252	$	5.48		100	%

			Diluted
	Three Months Ended		Per
Revenue Type	March 31, 2007		Share		%
Rents (1)	$	22,317	$	0.56
Management revenue (2)		15,561	$	0.39
Rents and Management Revenue		37,878	$	0.95		88	%
Structuring revenue (3)		4,583	$	0.11
Disposition / termination revenue		—	$	—
Other real estate income (lease terminations and other settlements)		804	$	0.02
Structuring Revenue & Other Income		5,386	$	0.14		12	%
Total (5)(7)	$	43,265	$	1.09		100	%

(1)	Rents (continuing and discontinued operations) = lease revenues + revenues from other business operations + other interest income.
(2)	Management revenues include management and performance revenues and interest income earned from CPAÒ REITs under management.
(3)	Structuring revenue includes structuring fees and deferred structuring fees.
(4)	Disposition and termination revenues related to CPAÒ: 12 and 14 merger.
(5)	Numbers may not add up due to rounding.
(6)	Excludes reimbursement of expenses of $63,630 for the year ended 12/31/06.
(7)	Excludes reimbursement of expenses of $3,475 for the three months ended 3/31/07.

Ticker: WPC www.wpcarey.com

13

SECTION: FINANCIAL ANALYSIS

W. P. CAREY & CO. LLC
Selected Financial Ratios Analysis
March 31, 2007

	For the Three Months			For the Three Months			For the Year
	Ended			Ended			Ended
	March 31, 2007			March 31, 2006			December 31, 2006
Financial Strength
Leverage
Recourse debt/Book value of equity		4.1	%		1.0	%		0.3	%
Total debt/Total market capitalization		22.9	%		22.0	%		23.3	%
Total debt/EBITDA		3.22			2.23			1.99
FFO/Total debt		18.2	%		29.4	%		34.6	%
Coverage
EBITDA/Total interest expense		5.84			6.43			8.94
Fixed charge coverage ratio		3.95			3.99			5.49
FFO/Total interest expense		3.42			4.22			6.15
Valuation Ratios
Price/Earnings*		32.1			23.4			14.1
Price/FFO*		18.4			11.9			9.5
Price/Revenues*		9.4			5.3			5.7
Price/Book Value of Equity		2.2			1.7			1.9
Per Share Data
Earnings*	$	1.08		$	1.16		$	2.22
FFO*	$	1.88		$	2.28		$	3.29
Revenues*	$	3.68		$	5.10		$	5.48
Book Value of Equity	$	15.80		$	15.62		$	16.17

*	Quarterly ratios are based on annualized earnings, FFO & revenues.
Definitions
(1)	Recourse debt = company level indebtedness that is not secured by a lien.
(2)	Total debt = long-term debt = recourse debt + limited recourse mortgage debt, including adjustments for joint ventures (“JV’s”).
(3)	Total market capitalization = equity market capitalization + debt capitalization.
(4)	Fixed charge coverage ratio = EBITDA/(interest expense + scheduled principal amortization + preferred dividends (if any) + adjustments for JVs).
(5)	EBITDA = net income + interest + taxes + depreciation + amortization +/- extraordinary loss (gain) + noncash charges / gains + adjustments for JVs.
(6)	Price = closing price as of May 1, 2007.
(7)	Revenues = revenue from continuing operations + revenue from discontinued operations + interest income.

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Ticker: WPC

www.wpcarey.com

SECTION: FINANCIAL ANALYSIS

W. P. CAREY & CO. LLC
Portfolio Debt Summary
(pro rata basis)
March 31, 2007

Tenant/Lease Guarantor	Fixed / Variable	Original Balance		Current Balance (10)		Interest Rate			Maturity Date
Quebecor Printing USA (GA)	Fixed	$	7,000,000	$	6,116,177		6.82	%	Aug-07
Amerisure Insurance (Michigan Mutual)	Fixed		9,500,000		9,573,557		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		1,295,816		8.13	%	Jan-09
Orbital Sciences Corporation	Fixed		15,000,000		12,820,278		7.38	%	Jun-09
America West Holdings Corporation (74.58%)	Fixed		25,000,000		15,966,502		7.23	%	Aug-09
Retail Distribution Group (40%)	Fixed		2,397,578		2,237,557		8.51	%	Sep-09
Bell South Telecommunications	Fixed		5,995,498		3,811,723		8.11	%	Jan-10
Hibbett Sports	Fixed		5,139,462		4,703,279		7.50	%	Apr-10
Detroit Diesel Corporation	Fixed		25,000,000		8,094,865		7.96	%	Jun-10
EnviroWorks, Inc.	Fixed		3,563,292		2,477,634		10.13	%	Oct-10
Federal Express Corporation (40%)	Fixed		18,000,000		16,748,020		7.50	%	Jan-11
Autozone- Series A	Fixed		4,099,504		1,743,964		6.85	%	Jan-11
Childtime Childcare, Inc. (33.93%)	Fixed		2,522,816		2,338,780		7.50	%	Jan-11
Information Resources, Inc. (33.33%)	Fixed		8,665,800		7,818,720		7.60	%	Jan-11
Pioneer Credit Recovery, Inc.	Fixed		6,000,000		5,616,385		7.34	%	Jan-11
Autozone, Inc. — Series B	Fixed		6,289,699		2,713,393		6.85	%	Feb-11
Brown/Career Education	Fixed		7,385,836		6,986,802		7.58	%	Jun-11
24 Hour Fitness (Austin)	Fixed		3,282,994		3,001,364		7.50	%	Aug-11
Sprint Spectrum, LP	Fixed		8,753,000		8,291,133		7.64	%	Aug-11
Qwest Communications, Inc.	Fixed		1,594,023		1,504,561		7.50	%	Jun-12
Autozone- Series C	Fixed		2,033,191		1,068,425		6.85	%	Aug-12
BE Aerospace, Inc.	Fixed		9,200,000		8,704,418		6.11	%	Nov-12
Faurecia (AP Parts)	Fixed		2,675,000		2,604,489		5.16	%	Nov-12
Anthony, Inc. Industry	Fixed		9,285,000		9,038,371		5.11	%	Nov-12
Alstom & Werner	Fixed		10,750,000		10,486,264		5.18	%	Dec-12
SAS Pantin Invest France (75%) (2)	Variable		12,683,000		8,399,401		4.54	%	Jul-13
Autozone- Series D	Fixed		4,667,621		2,696,074		6.85	%	Aug-13
Aviva France (fka Tellit Assurances -SA) (75%) (2)	Fixed (7)		3,300,750		2,477,606		4.49	%	Aug-13
Direction Regional des Affaires Sanitaires et Sociales (aka SCI Le Mail) (75%) (2)	Fixed		1,341,000		909,091		4.60	%	Aug-13
SARL S3T (aka SAS Immo Invest) (80%) (2)	Variable (8)		1,786,372		2,872,204		4.56	%	May-14
DSM Food Specialties (aka SAS Immo Invest) (80%) (2)	Variable (8)		1,477,451		1,085,898		4.56	%	May-14
Carrefour France, SAS (49.625%)	Variable (8)		58,216,840		59,684,026		5.50	%	Dec-14
Lowe’s Home Improvement Warehouse	Fixed		9,725,000		9,624,081		4.87	%	Sep-15
Bouygues Telecom, S.A. (Tours) (95%) (2)	Variable (9)		8,853,375		8,204,002		3.86	%	Oct-15
Dr. Pepper	Fixed		33,950,000		33,050,975		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)	Variable		11,690,752		14,923,575		5.25	%	Oct-16
Consolidated Systems (60%)	Fixed		7,200,000		7,170,413		5.87	%	Nov-16
Western Union	Fixed		6,000,000		6,000,000		5.50	%	Jan-17
Medica France, SA (35%) (2)	Fixed		11,936,640		14,577,102		5.63	%	Oct-17
Hologic, Inc. (36%)	Fixed		6,660,000		5,971,719		6.40	%	May-23
Total Limited Recourse Debt (6)		$	405,121,494	$	353,408,651		6.18	% (3)
LLC Credit Facility (4)				$	26,000,000		6.48	%	Jul-07
Self-Storage Credit Facility (11)					30,651,000		7.57	%	Dec-08
Total Debt				$	410,059,651		6.30	% (5)

(1)	Fixed LIBO rate plus 1.25%
(2)	Debt balance calculated using an exchange rate of 1.3335 USD/EUR at March 31, 2007.
(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 March 31, 2007. 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 balances may be higher or lower than the original balance due to fair value adjustments.
(11)	Indicated interest rate is based on 1-month Libor + 225 bps and represents rate as of March 31, 2007.

15

Ticker: WPC

www.wpcarey.com

SECTION: FINANCIAL ANALYSIS

W. P. CAREY & CO. LLC
Mortgage Debt Maturity Profile
(pro rata basis)
March 31, 2007

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		5,214,122
2014		40,581,262
2015		36,034,695
2016		25,255,895
2017		13,100,413
2018		—
2019		—
2020		—
2021		—
2022		—
2023		231,984
Total	$	251,939,551

(1)	Balloon payments calculated using an exchange rate of 1.3335 USD/EUR at March 31, 2007 (where applicable).
(2)	Excludes outstanding credit facilities.

16

Ticker: WPC

www.wpcarey.com

ACQUISITIONS & DISPOSITIONS

SECTION: ACQUISITIONS/DISPOSITIONS

W. P. CAREY & CO. LLC
2007 Acquisitions Update

			Purchase Price				Gross Square
Portfolio(s)	Tenant/Lease Guarantor	Property Location(s)	(000s)		Closing Date	Property Type	Footage (1)
Management Business
CPA®:16 - Global	Nordic Cold Storage	Atlanta, GA		87,478	February-07	Warehouse/Distribution		1,306,533
CPA®:16 - Global	Holopack (2)	Columbia, SC		39,791	March-07	Industrial		78,200
CPA®:16 - Global	Fraikin SAS	10 locations throughout France		8,877	March-07	Industrial		127,419
CPA®:15, 16 - Global	OBI	Rybnik, Poland		10,955	March-07	Retail		22,873
CPA®:16 - Global	PaloDEx	Tuulsula, Finland		19,714	March-07	Industrial		159,802
	Subtotal (3)		$	166,815				1,694,827
Self-Storage Fund
Self-Storage Fund	Rohnert Park	Rohnert Park, CA		6,905	January-07	Other Properties		70,900
Self-Storage Fund	Noah's Ark	Fort Worth, TX		5,490	January-07	Other Properties		77,500
Self-Storage Fund	Ameristor	Augusta, GA		3,506	February-07	Other Properties		82,000
Self-Storage Fund	Beltline (Garland)	Garland, TX		4,070	February-07	Other Properties		78,700
Self-Storage Fund	Lawrenceville	Lawrenceville, GA		6,030	March-07	Other Properties		90,500
	Subtotal (3)		$	26,001				399,600
	Total (3)		$	192,816				2,094,427

(1)	Self-Storage properties denoted in net rentable square feet.
(2)	Includes a $7 M build-to-suit transaction. Gross Square Footage and Costs are estimates.
(3)	Numbers may not add up due to rounding.

2007 Dispositions Update

			Gross Sale Price				Gross Square
Portfolio(s)	Tenant/Lease Guarantor	Property Location(s)	(000s)		Disposition Date	Property Type	Footage
Management Business
CPA®:14	PW Eagle (excess land)	West Jordan, UT		1,850	Jan-07	Land		N/A
	Total		$	1,850

18

Ticker: WPC

www.wpcarey.com

PORTFOLIO ANALYSIS

SECTION: PORTFOLIO ANALYSIS

W. P. CAREY & CO. LLC
Portfolio Diversification Analysis by Rent Contribution
March 31, 2007

Based on Ongoing Rental Income

						Percentage of
	Annualized		Percentage of Total			Annualized Revenue
Top Ten Tenants/Lease Guarantors	Rent		Annualized Rent			(1)
Carrefour France, S.A.	$	9,187,408		9.2	%		5.3	%
Dr Pepper/Seven Up Bottling Group		4,683,737		4.7	%		2.7	%
Detroit Diesel Corporation		4,634,253		4.6	%		2.7	%
Bouygues Telecom, S.A.		4,403,645		4.4	%		2.5	%
Orbital Sciences Corporation		3,022,947		3.0	%		1.7	%
Federal Express Corporation		3,015,965		3.0	%		1.7	%
The Titan Corporation		2,862,068		2.9	%		1.7	%
America West Holdings Corporation		2,837,889		2.8	%		1.6	%
CheckFree Holdings, Inc.		2,357,753		2.4	%		1.4	%
AutoZone, Inc.		2,216,594		2.2	%		1.3	%

Percentage of Total	Number of Tenants/Lease
Annualized Rent	Guarantors
10.0% < rent		0
10.0% > , ³ 7.5%		1
7.5% > , ³5.0%		0
5.0% > , ³2.5%		7
2.5% > rent		101

Percentage of
Annualized Revenue	Number of Tenants/Lease
(1)	Guarantors
10.0% < rent		0
10.0% > , ³ 7.5%		0
7.5% > , ³5.0%		1
5.0% > , ³2.5%		3
2.5% > rent		105

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

Ticker: WPC www.wpcarey.com

20

SECTION: PORTFOLIO ANALYSIS

W. P. CAREY & CO. LLC
Portfolio Diversification Analysis by Property Type
March 31, 2007

Property Type	Square Footage (2)		Percent
Industrial		9,017,092		49.9	%
Warehouse/Distribution		5,303,419		29.3	%
Office		2,256,378		12.5	%
Retail		1,011,777		5.6	%
Other Properties (3)		326,866		1.8	%
Hospitality		158,000		0.9	%
Total (4)		18,073,532		100.0	%

Property Type	Annualized Rent(1)		Percent
Industrial	$	35,211,926		35.2	%
Office		31,781,020		31.7	%
Warehouse/Distribution		21,354,102		21.3	%
Other Properties (3)		5,460,986		5.5	%
Retail		5,137,003		5.1	%
Hospitality		1,200,000		1.2	%
Total (4)	$	100,145,037		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.

Ticker: WPC www.wpcarey.com

21

SECTION: PORTFOLIO ANALYSIS

W. P. CAREY & CO. LLC
Portfolio Diversification Analysis by Tenant Industry
March 31, 2007

	Annualized		Percentage of
Industry Type (1)	Rent		Rent(2)
Retail Stores	$	13,552,477		13.5	%
Business and Commercial Services		10,822,512		10.8	%
Telecommunications		10,657,691		10.6	%
Healthcare, Education and Childcare		8,211,527		8.2	%
Electronics		6,968,258		7.0	%
Beverages, Food, and Tobacco		5,349,158		5.3	%
Machinery		5,281,856		5.3	%
Aerospace and Defense		4,869,550		4.9	%
Forest Products and Paper		4,414,264		4.4	%
Consumer Non-durable Goods		3,134,632		3.1	%
Transportation — Cargo		3,015,965		3.0	%
Transportation — Personal		2,995,089		3.0	%
Mining, Metals, and Primary Metal Industries		2,751,750		2.7	%
Consumer and Durable Goods		2,647,229		2.6	%
Construction and Building		2,529,149		2.5	%
Insurance		2,207,069		2.2	%
Federal, State and Local Government		2,119,215		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		978,153		1.0	%
Leisure, Amusement, Entertainment		854,462		0.9	%
Other (3)		1,917,665		1.9	%
Total (4)	$	100,145,037		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.

Ticker: WPC www.wpcarey.com

22

SECTION: PORTFOLIO ANALYSIS

W. P. CAREY & CO. LLC
Portfolio Diversification Analysis by Geography
March 31, 2007

Region	Square Footage (2)		Percentage
South		5,015,925		27.8	%
Midwest		4,983,541		27.6	%
East		3,809,017		21.1	%
West		2,321,016		12.8	%
Europe		1,944,033		10.8	%
Total (3)		18,073,532		100.0	%

Region	Annualized Rent(1)		Percentage
South	$	28,787,467		28.7	%
West		21,177,280		21.1	%
Midwest		19,168,751		19.1	%
East		12,901,548		12.9	%
Europe		18,109,991		18.1	%
Total (3)	$	100,145,037		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)	Numbers may not add up due to rounding.

Ticker: WPC www.wpcarey.com

23

SECTION: PORTFOLIO ANALYSIS

W. P. CAREY & CO. LLC
Portfolio Lease Maturity Analysis
March 31, 2007

Year of	Number of		Annualized		Percentage of Total			Average Years to
Lease Expiration	Leases		Rents (1)		Annualized Rents			Maturity
2007		26		5,774,047		5.8	%		0.75
2008		18		5,615,933		5.6	%		1.75
2009		18		12,614,899		12.6	%		2.75
2010		40		15,191,109		15.2	%		3.75
2011		61		18,017,775		18.0	%		4.75
2012		20		7,052,633		7.0	%		5.75
2013		20		6,275,178		6.3	%		6.75
2014		7		9,235,377		9.2	%		7.75
2015		6		3,394,166		3.4	%		8.75
2016		15		1,652,870		1.7	%		9.75
2017		8		2,358,579		2.4	%		10.75
2018		3		3,161,852		3.2	%		11.75
2019		4		2,746,528		2.7	%		12.75
2020		1		4,634,253		4.6	%		13.75
2021		—		—		0.0	%		14.75
2022		3		1,472,138		1.5	%		15.75
2023		—		—		0.0	%		16.75
2024		—		—		0.0	%		17.75
2025		—		—		0.0	%		18.75
2026		4		947,700		0.9	%		19.75
Total (2)		254	$	100,145,037		100	%

Weighted Average Years to Maturity: 5.94

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

Ticker: WPC www.wpcarey.com

24

EXHIBITS ⁽¹⁾

(1) Sources for Exhibits A, B, C and D include a) March 31, 2007 Form 10-Q b) March 31, 2006 Form 10-Q c) December 31, 2006 Form 10-K and d) Company Press Releases

EXHIBIT A

W. P. CAREY & CO. LLC
Consolidated Balance Sheets (Unaudited)

(in thousands)

	March 31, 2007			(NOTE) December 31, 2006
ASSETS:
Real estate, net	$	534,159		$	540,504
Net investment in direct financing leases		108,387			108,581
Equity investments in real estate		175,390			166,147
Operating real estate, net		62,019			33,606
Assets held for sale		4,845			1,269
Cash and cash equivalents		13,300			22,108
Due from affiliates		78,648			88,884
Goodwill		63,607			63,607
Intangible assets, net		41,259			43,742
Other assets, net		25,843			24,562
Total assets	$	1,107,457		$	1,093,010
LIABILITIES AND MEMBERS’ EQUITY:
Liabilities:
Limited recourse mortgage notes payable	$	260,891		$	261,152
Unsecured credit facility		26,000			2,000
Secured credit facility		30,651			15,501
Deferred revenue		45,919			40,490
Accounts payable and accrued expenses		25,701			34,047
Income taxes, net		45,624			63,462
Other liabilities		18,224			19,127
Distributions payable		17,716			17,481
Total liabilities		470,726			453,260
Minority interest in consolidated entities		7,800			7,765
Commitments and contingencies
Members’ equity:
Listed shares, no par value		748,379			745,969
Distributions in excess of accumulated earnings		(119,873	)		(114,008	)
Accumulated other comprehensive income		425			24
Total members’ equity		628,931			631,985
Total liabilities and members’ equity	$	1,107,457		$	1,093,010

Note: The consolidated balance sheet at December 31, 2006 has been derived from the audited consolidated financial statements at that date.

Ticker: WPC www.wpcarey.com

EXHIBIT B

W. P. CAREY & CO. LLC
Consolidated Statements of Income (Unaudited)

(in thousands, except share and per share amounts)

	For the Three Months			For the Three Months
	Ended			Ended
	March 31, 2007			March 31, 2006
REVENUES:
Asset management revenue	$	15,034		$	14,362
Structuring revenue		4,583			9,892
Reimbursed costs from affiliates		3,475			2,998
Lease revenues		19,632			18,127
Other real estate income		3,174			2,383
		45,898			47,762
OPERATING EXPENSES:
General and administrative		(12,237	)		(11,158	)
Reimbursable costs		(3,475	)		(2,998	)
Depreciation and amortization		(6,944	)		(5,970	)
Property expenses		(1,420	)		(1,668	)
Other real estate expenses		(2,524	)		(1,567	)
		(26,600	)		(23,361	)
OTHER INCOME AND EXPENSES:
Other interest income		598			727
Income from equity investments in real estate		2,438			1,550
Minority interest in income		(331	)		(862	)
Gain on sale of securities, foreign currency transactions and other gains, net		186			250
Interest expense		(4,863	)		(4,388	)
		(1,972	)		(2,723	)
Income from continuing operations before income taxes		17,326			21,678
Provision for income taxes		(6,378	)		(6,722	)
Income from continuing operations		10,948			14,956
DISCONTINUED OPERATIONS:
Loss from operations of discontinued properties		(148	)		(534	)
Impairment charges on assets held for sale		—			(3,357	)
Loss from discontinued operations		(148	)		(3,891	)
NET INCOME	$	10,800		$	11,065
BASIC EARNINGS (LOSS) PER SHARE:
Income from continuing operations	$	0.28		$	0.40
Loss from discontinued operations		—			(0.10	)
Net income	$	0.28		$	0.30
DILUTED EARNINGS (LOSS) PER SHARE:
Income from continuing operations	$	0.27		$	0.39
Loss from discontinued operations		—			(0.10	)
Net income	$	0.27		$	0.29
DISTRIBUTIONS DECLARED PER SHARE:	$	0.462		$	0.452
WEIGHTED AVERAGE SHARES OUTSTANDING:
Basic		37,930,777			37,727,782
Diluted		39,851,353			38,627,267

Ticker: WPC www.wpcarey.com

EXHIBIT C

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

(in thousands)

	For the Three Months			For the Three Months
	Ended			Ended
	March 31, 2007			March 31, 2006
Cash Flows — Operating Activities
Net income	$	10,800		$	11,065
Adjustments to reconcile net income to net cash (used in) provided by operating activities:
Depreciation and amortization of intangible assets and deferred financing costs		7,308			6,229
Income from equity investments in real estate in excess of distributions received		(32	)		(247	)
Minority interest in income		331			862
Straight-line rent adjustments		850			732
Management income received in shares of affiliates		(8,467	)		(7,892	)
Unrealized gain on foreign currency transactions, warrants, and securities		(160	)		(165	)
Impairment charges		—			3,357
(Decrease) increase in income taxes, net		(17,786	)		4,329
Realized gain on foreign currency transactions		(26	)		(85	)
Stock-based compensation expense		923			719
Deferred acquisition revenue received		13,882			12,543
Increase in structuring revenue receivable		(158	)		(3,039	)
Net changes in other operating assets and liabilities		(7,744	)		(3,061	)
Net cash (used in) provided by operating activities		(279	)		25,347
Cash Flows — Investing Activities
Distributions received from equity investments in real estate in excess of equity income		1,093			1,400
Purchases of real estate and equity investments in real estate		(27,710	)		—
Capital expenditures		(3,881	)		(674	)
Release of funds from escrow in connection with the sale of property		465			—
Payment of deferred acquisition revenue to affiliate		(536	)		(524	)
Net cash (used in) provided by investing activities		(30,569	)		202
Cash Flows — Financing Activities
Distributions paid		(17,484	)		(16,965	)
Contributions from minority interests		206			506
Distributions to minority interests		(577	)		(136	)
Scheduled payments of mortgage principal		(2,618	)		(2,916	)
Proceeds from mortgages and credit facilities		54,059			10,000
Prepayments of mortgage principal and credit facilities		(13,000	)		(19,000	)
Release of funds from escrow in connection with the financing of properties		—			4,031
Payment of financing costs		(69	)		(217	)
Proceeds from issuance of shares		1,000			1,323
Excess tax benefits associated with stock based compensation awards		487			77
Repurchase and retirement of shares		—			(482	)
Net cash provided by (used in) financing activities		22,004			(23,779	)
Change in Cash and Cash Equivalents During the Period
Effect of exchange rate changes on cash		36			49
Net (decrease) increase in cash and cash equivalents		(8,808	)		1,819
Cash and cash equivalents, beginning of period		22,108			13,014
Cash and cash equivalents, end of period	$	13,300		$	14,833

Ticker: WPC www.wpcarey.com

EXHIBIT D

W. P. CAREY & CO. LLC
Quarterly Reconciliation of Net Income to Funds from Operations

(in thousands, except share and per share amounts)

	For the Three Months			For the Three Months			For the Three Months			For the Three Months
	Ended			Ended			Ended			Ended
	March 31, 2007			December 31, 2006			September 30, 2006			June 30, 2006
Net income	$	10,800		$	43,629		$	14,305		$	17,304
(Gain) loss on sale of real estate, net		—			(3,637	)		185			—
FFO of equity investees in excess of equity income		4,390			2,155			1,646			3,175
Depreciation, amortization, deferred taxes and other non-cash charges		2,747			10,977			6,529			7,270
FFO applicable to minority investees in excess of minority income		(203	)		(197	)		(178	)		(181	)
Straight-line rent adjustments		833			809			786			866
Impairment charges and loan losses		—			1,147			—			—
Funds From Operations (FFO)	$	18,567		$	54,883		$	23,273		$	28,434
Weighted Average Shares Outstanding
Basic		37,930,777			38,078,951			38,034,590			37,670,305
Diluted		39,851,353			39,414,532			39,303,948			39,346,537
FFO per Share
Basic	$	0.49		$	1.44		$	0.61		$	0.75
Diluted	$	0.47		$	1.39		$	0.59		$	0.72

Ticker: WPC www.wpcarey.com

EXHIBIT E

W. P. CAREY & CO. LLC
Detailed Property Summary
March 31, 2007

Square

Percentage of

Tenant/Lease Guarantor

Property Location

Property Type

Tenant Type

Region

Footage

Annualized Rent

Total Rent

Increase Factor

Lease Expiration

Maximum Term

Carrefour France, SAS (4)

Crepy en Valois, France

Warehouse/Distribution

Retail Trade

Europe

109,696

$

788,160

0.79

%

INSEE (2)

December-11

December-11

Carrefour France, SAS (4)

Crepy en Valois, France

Warehouse/Distribution

Retail Trade

Europe

165,078

1,186,073

1.18

%

INSEE (2)

December-11

December-11

Carrefour France, SAS (4)

Lens, France

Warehouse/Distribution

Retail Trade

Europe

137,515

960,464

0.96

%

INSEE (2)

December-11

December-11

Carrefour France, SAS (4)

Lens, France

Warehouse/Distribution

Retail Trade

Europe

2,815

19,663

0.02

%

INSEE (2)

December-11

December-11

Carrefour France, SAS (4)

Lens, France

Warehouse/Distribution

Retail Trade

Europe

4,711

32,906

0.03

%

INSEE (2)

December-11

December-11

Carrefour France, SAS (4)

Nîmes, France

Warehouse/Distribution

Retail Trade

Europe

146,195

843,072

0.84

%

INSEE (2)

December-11

December-11

Carrefour France, SAS (4)

Nîmes, France

Warehouse/Distribution

Retail Trade

Europe

2,767

15,957

0.02

%

INSEE (2)

December-11

December-11

Carrefour France, SAS (4)

Nîmes, France

Warehouse/Distribution

Retail Trade

Europe

646

3,726

0.00

%

INSEE (2)

December-11

December-11

Carrefour France, SAS (4)

Colomiers, France

Warehouse/Distribution

Retail Trade

Europe

188,800

1,218,576

1.22

%

INSEE (2)

December-11

December-11

Carrefour France, SAS (4)

Colomiers, France

Warehouse/Distribution

Retail Trade

Europe

65,323

421,614

0.42

%

INSEE (2)

December-11

December-11

Carrefour France, SAS (4)

Colomiers, France

Warehouse/Distribution

Retail Trade

Europe

8,151

52,612

0.05

%

INSEE (2)

December-11

December-11

Carrefour France, SAS (4)

Colomiers, France

Warehouse/Distribution

Retail Trade

Europe

3,141

20,271

0.02

%

INSEE (2)

December-11

December-11

Carrefour France, SAS (4)

Thuit Hebert, France

Warehouse/Distribution

Retail Trade

Europe

116,966

606,382

0.61

%

INSEE (2)

December-11

December-11

Carrefour France, SAS (4)

Thuit Hebert, France

Warehouse/Distribution

Retail Trade

Europe

74,190

384,621

0.38

%

INSEE (2)

December-11

December-11

Carrefour France, SAS (4)

Ploufragan, France

Warehouse/Distribution

Retail Trade

Europe

132,820

735,091

0.73

%

INSEE (2)

December-11

December-11

Carrefour France, SAS (4)

Cholet, France

Warehouse/Distribution

Retail Trade

Europe

107,543

631,269

0.63

%

INSEE (2)

December-11

December-11

Carrefour France, SAS (4)

Nîmes, France

Warehouse/Distribution

Retail Trade

Europe

192,619

1,266,951

1.27

%

INSEE (2)

November-12

November-12

Carrefour France, SAS (4) Total

1,458,976

9,187,408

9.17

%

Dr Pepper/Seven Up Bottling Group

Irving, TX

Industrial

Manufacturing

South

459,497

2,841,153

2.84

%

CPI

June-14

June-14

Dr Pepper/Seven Up Bottling Group

Houston, TX

Industrial

Manufacturing

South

262,450

1,842,584

1.84

%

CPI

June-14

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

1,719,202

1.72

%

INSEE (2)

September-09

September-09

Bouygues Telecom, S.A.(3)

Illkirch-Graffenstaden, France

Office

Information

Europe

80,729

2,684,443

2.68

%

INSEE (2)

July-13

July-13

Bouygues Telecom, S.A. Total

182,966

4,403,645

4.40

%

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

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

3.01

%

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

2.83

%

CPI

April-14

November-29

America West Holdings Corporation (6) Total

167,913

2,837,889

2.83

%

CheckFree Holdings, Inc. (7)

Norcross, GA

Office

Professional, Scientific and Technical Services

South

50,063

922,383

0.92

%

CPI

December-15

December-30

CheckFree Holdings, Inc. (7)

Norcross, GA

Office

Professional, Scientific and Technical Services

South

34,150

782,611

0.78

%

CPI

December-15

December-30

CheckFree Holdings, Inc. (7)

Norcross, GA

Office

Professional, Scientific and Technical Services

South

26,125

590,391

0.59

%

CPI

December-15

December-30

CheckFree Holdings, Inc. (7)

Norcross, GA

Land

Professional, Scientific and Technical Services

South

1

62,368

0.06

%

CPI

December-15

December-30

CheckFree Holdings, Inc. (7) Total

110,339

2,357,753

2.35

%

Ticker: WPC

www.wpcarey.com

EXHIBIT E

Square

Percentage of

Tenant/Lease Guarantor

Property Location

Property Type

Tenant Type

Region

Footage

Annualized Rent

Total Rent

Increase Factor

Lease Expiration

Maximum 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

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

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

2.21

%

Semacs SA (14)

Chatou, France

Other

Health Care and Social Assistance

Europe

18,848

283,968

0.28

%

INSEE (2)

June-10

June-10

Semacs SA (14)

Poissy, France

Other

Health Care and Social Assistance

Europe

18,792

310,589

0.31

%

INSEE (2)

June-10

June-10

Semacs SA (14)

Rosny sous Bois, France

Other

Health Care and Social Assistance

Europe

16,693

263,114

0.26

%

INSEE (2)

June-10

June-10

Semacs SA (14)

Paris, France

Other

Health Care and Social Assistance

Europe

18,927

399,329

0.40

%

INSEE (2)

June-10

June-10

Semacs SA (14)

Rueil Malmaison, France

Other

Health Care and Social Assistance

Europe

18,197

375,813

0.38

%

INSEE (2)

June-10

June-10

Semacs SA (14)

Sarcelles, France

Other

Health Care and Social Assistance

Europe

26,454

470,321

0.47

%

INSEE (2)

June-10

June-10

Semacs SA (14) Total

117,911

2,103,134

2.10

%

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

Tenant/Lease Guarantor

Property Location

Property Type

Tenant Type

Region

Footage

Annualized Rent

Total Rent

Factor

Lease Expiration

Maximum 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

1.76

%

Brodart Company

Williamsport, PA

Industrial

Wholesale Trade

East

309,030

1,015,205

1.01

%

CPI

June-08

June-28

Brodart Company

Williamsport, PA

Industrial

Wholesale Trade

East

212,210

705,481

0.70

%

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

0.83

%

CPI

July-09

July-49

SICOR, Inc.

San Diego, CA

Industrial

Manufacturing

West

36,205

835,705

0.83

%

CPI

July-09

July-49

SICOR, Inc. Total

72,156

1,671,410

1.67

%

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

Warehouse/Distribution

Professional, Scientific and Technical Services

South

17,588

165,612

0.17

%

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.

Austin, TX

Office

Professional, Scientific and Technical Services

South

40,560

376,791

0.38

%

CPI

November-10

November-30

Pharmaco International, Inc.

Austin, TX

Office

Professional, Scientific and Technical Services

South

24,603

237,521

0.24

%

CPI

November-10

November-30

Pharmaco International, Inc. Total

173,436

1,614,865

1.61

%

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

%

Fixed

September-17

September-37

BE Aerospace, Inc.

Winston-Salem, NC

Warehouse/Distribution

Manufacturing

East

90,800

252,185

0.25

%

Fixed

September-17

September-37

BE Aerospace, Inc.

Winston-Salem, NC

Industrial

Manufacturing

East

74,026

205,591

0.21

%

Fixed

September-17

September-37

BE Aerospace, Inc.

Winston-Salem, NC

Industrial

Manufacturing

East

50,200

139,424

0.14

%

Fixed

September-17

September-37

BE Aerospace, Inc.

Winston-Salem, NC

Office

Manufacturing

East

43,788

121,610

0.12

%

Fixed

September-17

September-37

BE Aerospace, Inc.

Winston-Salem, NC

Industrial

Manufacturing

East

15,402

42,778

0.04

%

Fixed

September-17

September-37

BE Aerospace, Inc.

Dallas, TX

Industrial

Manufacturing

South

22,680

119,441

0.12

%

Fixed

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

%

Fixed

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

August-18

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

%

Fixed

December-07

December-28

Amerisure Mutual Insurance Co.

Charleston, SC

Office

Finance and Insurance

East

22,557

246,235

0.25

%

Fixed

December-07

December-28

Amerisure Mutual Insurance Co.

Charleston, SC

Office

Finance and Insurance

East

38,037

406,826

0.41

%

Fixed

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

%

Fixed

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

%

Fixed

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

%

Fixed

April-11

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

0.92

%

CPI

August-22

August-42

Hologic, Inc. (9) Total

96,855

1,136,138

1.13

%

Ticker: WPC

www.wpcarey.com

EXHIBIT E

					Square				Percentage of			Increase
Tenant/Lease Guarantor	Property Location	Property Type	Tenant Type	Region	Footage		Annualized Rent		Total Rent			Factor	Lease Expiration	Maximum 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	%	None	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	%	Fixed	July-08	July-08
Lockheed Martin Corporation	Webster, TX	Industrial	Professional, Scientific and Technical Services	South		30,176		241,416		0.24	%	Fixed	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	%	Fixed	July-15	July-21
Werner Co.	Erlanger, KY	Warehouse/Distribution	Manufacturing	East		162,604		274,365		0.27	%	Fixed	July-15	July-21
Werner Co. Total						572,204		1,036,413		1.03	%
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		1.02	%	CPI	November-11	November-26
Cree Microwave, LLC Total						50,311		1,026,297		1.02	%
Swat-Fame, Inc. (City of Industry, CA)	City of Industry, CA	Industrial	Manufacturing	West		233,205		978,153		0.98	%	CPI	December-10	December-20
Swat-Fame, Inc. (City of Industry, CA) Total						233,205		978,153		0.98	%
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	%
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	%
Hibbett Sporting Goods, Inc.	Birmingham, AL	Warehouse/Distribution	Retail Trade	South		219,312		876,900		0.88	%	CPI	December-14	December-29
Hibbett Sporting Goods, Inc. Total						219,312		876,900		0.88	%
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	%
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	%
AMS Holding Group (Vertafore, Inc.)	College Station, TX	Office	Information	South		52,552		783,915		0.78	%	Fixed	December-09	December-15
AMS Holding Group (Vertafore, Inc.) Total						52,552		783,915		0.78	%
Deloro Stellite (DS) Group Ltd. Total	Goshen, IN	Industrial	Manufacturing	Midwest		52,000		643,069		0.64	%	CPI	February-10	February-35
Deloro Stellite (DS) Group Ltd. Total Total						52,000		643,069		0.64	%
Western Union Financial Services, Inc.	Bridgeton, MO	Office	Finance and Insurance	Midwest		78,080		624,640		0.62	%	Fixed	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		610,775		0.61	%	INSEE (2)	September-10	September-10
Aviva France (fka Tellit Assurances — Sun Alliance) (3) Total						27,593		610,775		0.61	%
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						82,620		567,745		0.57	%
Yale Security, Inc.	Lemont, IL	Industrial	Manufacturing	Midwest		113,133		519,000		0.52	%	Fixed	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
Tenant/Lease Guarantor	Property Location	Property Type	Tenant Type	Region	Footage		Annualized Rent		Total Rent			Factor	Lease Expiration	Maximum 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	%	Fixed	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	%	Fixed	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	%	Fixed	May-13	May-13
Alstom Power Inc. Total						197,400		443,370		0.44	%
Affiliated Foods Southwest, Inc.	Hope, AR	Retail	Retail Trade	South		35,784		75,144		0.08	%	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		405,500		0.40	%
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		383,040		0.38	%	Fixed	August-09	August-13
The Retail Distribution Group Total						71,784		383,040		0.38	%
Industrial Data Systems Corp. (aka Petrocon Engineering, Inc.)	Beaumont, TX	Office	Professional, Scientific and Technical Services	South		34,300		296,352		0.30	%	Fixed	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	%	Fixed	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	%
SARL S3T (11)	Joue Les Tours, France	Warehouse/Distribution	Information	Europe		55,594		324,534		0.32	%	INSEE (2)	May-08	May-08
SARL S3T (11) Total						55,594		324,534		0.32	%
S&ME, Inc.	Raleigh, NC	Office	Professional, Scientific and Technical Services	East		27,770		299,940		0.30	%	Fixed	July-16	July-26
S&ME, Inc. Total						27,770		299,940		0.30	%
Direction Regional des Affaires Sanitaires et Sociales(DRASS) (3)	Rouen, France	Office	Public Administration	Europe		17,486		272,430		0.27	%	INSEE (2)	December-13	December-13
Direction Regional des Affaires Sanitaires et Sociales(DRASS) (3)	Rouen, France	Office	Public Administration	Europe		468		7,295		0.01	%	INSEE (2)	December-13	December-13
Direction Regional des Affaires Sanitaires et Sociales(DRASS) (3)	Rouen, France	Office	Public Administration	Europe		1,259		17,302		0.02	%	INSEE (2)	December-13	December-13
Direction Regional des Affaires Sanitaires et Sociales (3) Total						19,213		297,027		0.30	%
Roof Center, Inc., The	Manassas, VA	Industrial	Wholesale Trade	East		60,446		285,115		0.28	%	Fixed	July-09	July-09
Roof Center, Inc., The Total						60,446		285,115		0.28	%
DSM Food Specialties (11)	Phalempin, France	Warehouse/Distribution	Wholesale Trade	Europe		29,870		282,381		0.28	%	INSEE (2)	May-08	May-08
DSM Food Specialties (11) Total						29,870		282,381		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-12	February-17
US WEST Communications, Inc. (Qwest Communications)	Scottsdale, AZ	Industrial	Information	West		1,560		94,535		0.09	%	Fixed	February-12	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
Tenant/Lease Guarantor	Property Location	Property Type	Tenant Type	Region	Footage		Annualized Rent		Total Rent			Increase Factor	Lease Expiration	Maximum Term
Department de Seine St. Denis (3)	Paris, France	Office	Public Administration	Europe		8,451		263,892		0.26	%	INSEE (2)	December-11	December-11
Department de Seine St. Denis (3) Total						8,451		263,892		0.26	%
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	%
La Region Ile de France (3)	Paris, France	Office	Public Administration	Europe		7,613		224,786		0.22	%	INSEE (2)	October-12	October-12
La Region Ile de France (3) Total						7,613		224,786		0.22	%
GIE Groupe Vauban (3)	Paris, France	Office	Finance and Insurance	Europe		7,613		214,038		0.21	%	INSEE (2)	September-12	September-12
GIE Groupe Vauban (3) Total						7,613		214,038		0.21	%
Ace Hardware (Bay Area Blvd, Houston TX)	Houston, TX	Retail	Retail Trade	South		23,569		212,121		0.21	%	Fixed	March-16	March-26
Ace Hardware (Bay Area Blvd, Houston TX) Total						23,569		212,121		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		58,200		0.06	%	Fixed	December-08	December-11
Custom Training Group Total						11,704		99,372		0.10	%
L’Agence Nationale Pour L’Emploi (ANPE) (3)	Paris, France	Office	Public Administration	Europe		3,633		83,099		0.08	%	INSEE (2)	June-07	June-15
L’Agence Nationale Pour L’Emploi (3) Total						3,633		83,099		0.08	%
Richard Millburn Academy	Houston, TX	Office	Educational Services	South		7,860		80,220		0.08	%	Fixed	September-08	September-13
Richard Millburn Academy Total						7,860		80,220		0.08	%
The Boeing Company	Houston, TX	Warehouse/Distribution	Manufacturing	South		10,960		73,680		0.07	%	Fixed	January-09	January-13
The Boeing Company Total						10,960		73,680		0.07	%
Bike Barn Holding Company, Inc. (Bay Area Blvd, Houston, TX)	Houston, TX	Retail	Retail Trade	South		6,216		71,280		0.07	%	Fixed	August-10	August-15
Bike Barn Holding Company, Inc. Total						6,216		71,280		0.07	%
AFPOLS (3)	Paris, France	Office	Public Administration	Europe		3,488		70,066		0.07	%	INSEE (2)	June-08	June-08
AFPOLS (3) Total						3,488		70,066		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	%
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	%
Olmsted Kirk Paper Company (Beaumont, TX)	Beaumont, TX	Office	Wholesale Trade	South		5,760		42,544		0.04	%	Fixed	December-07	December-07
Olmsted Kirk Paper Company (Beaumont, TX) Total						5,760		42,544		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	%	Fixed	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		16,054		0.02	%	INSEE (2)	December-14	December-14
CGEC Keter Total						2,301		16,054		0.02	%
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

Tenant/Lease Guarantor

Property Location

Property Type

Tenant Type

Region

Footage

Annualized Rent

Total Rent

Increase Factor

Lease Expiration

Maximum Term

Red Cloud Telecom Products, Inc. (12)

Broomfield, CO

Office

Information

West

2,093

12,000

0.01

%

Fixed

N/A

N/A

Red Cloud Telecom Products, Inc. Total (12)

2,093

12,000

0.01

%

Abilis (3)

Paris, France

Office

Administrative and Support and Waste Management and Remediation Services

Europe

0

10,964

0.01

%

INSEE (2)

January-08

January-08

Abilis (3) Total

0

10,964

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

0

10,345

0.01

%

INSEE (2)

June-07

June-07

Ass Comite Dept du Tourisme (3) Total

0

10,345

0.01

%

Rhino Linings

Broomfield, CO

Office

Retail Trade

West

2,532

9,849

0.01

%

Fixed

June-08

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

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

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

8,079

0.01

%

Fixed

April-07

April-07

Remote Access Diagnostic Radiography Total

2,093

8,079

0.01

%

Orange (3)

Paris, France

Office

Information

Europe

0

7,843

0.01

%

None

January-10

June-15

Orange (3) Total

0

7,843

0.01

%

EarthRoamer.com

Broomfield, CO

Office

Manufacturing

West

7,500

7,500

0.01

%

None

April-07

April-07

EarthRoamer.com Total

7,500

7,500

0.01

%

Photo Center (12)

Hot Springs, AR

Retail

Manufacturing

South

340

4,800

0.00

%

None

N/A

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

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

February-07

DLH Management Corporation Total

1,510

2,280

0.00

%

Tempered Air Services, Inc. (12)

Broomfield, CO

Office

Construction

West

1,200

1,200

0.00

%

None

N/A

N/A

Tempered Air Services, Inc. Total (12)

1,200

1,200

0.00

%

Vacant

Houston, TX

Office

N/A

South

5,632

—

—

N/A

N/A

N/A

Vacant

Paris, France

Office

N/A

Europe

15,404

—

—

N/A

N/A

N/A

Vacant

West Mifflin, PA

Retail

N/A

East

121,053

—

—

N/A

N/A

N/A

Vacant

Houston, TX

Office

N/A

South

5,742

—

—

N/A

N/A

N/A

Vacant

Bloomingdale, IL

Office

N/A

Midwest

14,084

—

—

N/A

N/A

N/A

Vacant

Travelers Rest, SC

Industrial

N/A

East

181,700

—

—

N/A

N/A

N/A

Vacant

Bloomingdale, IL

Office

N/A

Midwest

40,916

—

—

N/A

N/A

N/A

Vacant

Moorestown, NJ

Office

N/A

East

35,567

—

—

N/A

N/A

N/A

Vacant

Webster, TX

Industrial

N/A

South

17,859

—

—

N/A

N/A

N/A

Vacant

Houston, TX

Office

N/A

South

7,306

—

—

N/A

N/A

N/A

Vacant

Salisbury, NC

Various

N/A

East

110,965

—

—

N/A

N/A

N/A

Vacant

Broomfield, CO

Office

N/A

West

57,827

—

—

N/A

N/A

N/A

Vacant

San Leandro, CA

Land

N/A

West

1

—

—

N/A

N/A

N/A

Vacant

Chattanooga, TN

Industrial

N/A

South

242,317

—

—

N/A

N/A

N/A

Vacant

Paris, France

Office

N/A

Europe

3,407

—

—

N/A

N/A

N/A

Vacant Total

859,780

Grand Total

18,073,532

$

100,145,037

100

%

(1)	WPC LLC owns 95% of this property. Rents reflect a conversion rate of 1.3335 USD/EUR as of March 31, 2007.
(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 1.3335 USD/EUR as of March 31, 2007.
(4)	WPC LLC owns 49.625% of this property. Rents reflect a conversion rate of 1.3335 USD/EUR as of March 31, 2007.
(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 1.3335 USD/EUR as of March 31, 2007.
(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.

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