Jason Fox, CEO of W. P. Carey Inc. (NYSE: WPC), participated in a video interview in conjunction with Nareit’s REITworld: 2021 Annual Conference.
W. P. Carey has already hit a record for deal volume in 2021, Fox said. He noted that this year has established “a new chapter of externally-driven growth” for the company, and ample liquidity and continued access to well-priced capital will ensure that the current pace of investment activity is maintained.
Fox also discussed the topic of higher inflation and how it impacts W.P. Carey. He said the REIT is “uniquely positioned” to benefit from an uptick in inflation as it can directly negotiate the lease structure, including rent bumps tied to inflation.
Meanwhile, W. P. Carey is among the first net lease REITs to complete a green bond offering. Fox discussed how W. P. Carey is approaching ESG, especially given the nature of net lease, where the tenant controls the asset.