NEW YORK CITY-W.P. Carey, based here, which specializes in corporate real estate financing via sale-leaseback, announced three month FFO of $19.5 million or 57 cents per share, an increase of 9.6% per share compared to last year’s Q3 performance of $13.4 million or 52 cents per share. FFO for the first nine months of 2000 rose from $39.3 million ($1.54 per share) to $46.7 million ($1.65 per diluted share), an increase of just over 7% on a per share basis.

Third-quarter highlights include $95 million in sale-leaseback and build-to-suit transactions for facilities leased to Celestica, U.S. Home Corp., Buffets Inc., AdvancePCS and Transcore Holdings Inc. on behalf of Corporate Property Associates. It also completed a $3.3 million sale-leaseback of a property leased to Universal Technical Institute on behalf of Carey Institutional properties, a REIT managed by W.P. Carey.

In addition, on July 18, Carey sold three AutoZone stores, a Southland Corp. property and four Payless ShoeSource retail outlets as part of the company’s efforts to maximize shareholder value.

W.P. Carey, the world’s largest publicly traded LLC, owns and manages more than 42 million sf of property in the US and Europe.

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