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W. P. Carey to remain diversified

W. P. CareyInc. is stickingwith its diversified business model.

The company has concluded its strategic review, in November 2015. Aspart of the process, W. P. Carey was evaluating whether it should separate its "corecompetencies into more focused entities with distinct strategies." FormerCEO Trevor Bond said at the time that such a split would provide enhanced growthopportunities.

Current CEO Mark DeCesaris, who from Bond in February, said ina release that W. P. Carey is putting in place a six-point business planfocused on growth, diversification, operational efficiency, balance sheetstrength and flexibility, proactive asset management and transparency. It hasalso identified annualized pretax estimate cost reductions totaling $20million.

W. P. Carey expects to generate AFFO between $5.00 per shareand $5.20 per share in 2016.