2014 Q2 Form 10-Q Financial Statement

#000102537814000036 Filed on August 07, 2014

View on sec.gov

Income Statement

Concept 2014 Q2 2013 Q2
Revenue $253.4M $112.2M
YoY Change 125.82% 79.83%
Cost Of Revenue $67.60M $24.90M
YoY Change 171.49% 5.96%
Gross Profit $185.8M $87.30M
YoY Change 112.83% 108.35%
Gross Profit Margin 73.32% 77.79%
Selling, General & Admin $27.10M $23.00M
YoY Change 17.83% 5.02%
% of Gross Profit 14.59% 26.35%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $79.20M $33.90M
YoY Change 133.63% 370.83%
% of Gross Profit 42.63% 38.83%
Operating Expenses $90.60M $52.80M
YoY Change 71.59% 85.92%
Operating Profit $95.20M $34.50M
YoY Change 175.94% 155.56%
Interest Expense $47.73M $25.75M
YoY Change 85.37% 261.25%
% of Operating Profit 50.14% 74.64%
Other Income/Expense, Net -$39.66M $9.241M
YoY Change -529.16% -59.09%
Pretax Income $52.40M $40.65M
YoY Change 28.89% 32.23%
Income Tax $8.021M -$1.134M
% Of Pretax Income 15.31% -2.79%
Net Earnings $64.74M $43.17M
YoY Change 49.97% 35.84%
Net Earnings / Revenue 25.55% 38.47%
Basic Earnings Per Share $0.64 $0.63
Diluted Earnings Per Share $0.64 $0.62
COMMON SHARES
Basic Shares Outstanding 100.2M shares 68.41M shares
Diluted Shares Outstanding 101.0M shares 69.49M shares

Balance Sheet

Concept 2014 Q2 2013 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $215.0M $63.00M
YoY Change 241.27% 57.5%
Cash & Equivalents $215.0M $62.77M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables $29.00M
Other Receivables $0.00
Total Short-Term Assets $255.0M $92.00M
YoY Change 177.17% 24.32%
LONG-TERM ASSETS
Property, Plant & Equipment $4.365B $2.385B
YoY Change 83.02% 311.92%
Goodwill $698.9M $328.0M
YoY Change 113.07%
Intangibles
YoY Change
Long-Term Investments $211.2M $559.4M
YoY Change -62.24% 1.23%
Other Assets $0.00 $21.00M
YoY Change -100.0%
Total Long-Term Assets $8.039B $4.543B
YoY Change 76.93% 232.94%
TOTAL ASSETS
Total Short-Term Assets $255.0M $92.00M
Total Long-Term Assets $8.039B $4.543B
Total Assets $8.294B $4.635B
YoY Change 78.92% 222.21%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $269.0M $273.0M
YoY Change -1.47% 333.33%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $360.0M $344.0M
YoY Change 4.65% 177.42%
LONG-TERM LIABILITIES
Long-Term Debt $3.798B $2.071B
YoY Change 83.39% 257.07%
Other Long-Term Liabilities $209.0M
YoY Change
Total Long-Term Liabilities $4.007B $2.071B
YoY Change 93.48% 257.07%
TOTAL LIABILITIES
Total Short-Term Liabilities $360.0M $344.0M
Total Long-Term Liabilities $4.007B $2.071B
Total Liabilities $4.456B $2.415B
YoY Change 84.49% 243.44%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock $100.0K $69.00K
YoY Change 44.93%
Preferred Stock
YoY Change
Treasury Stock (at cost) $60.95M $60.27M
YoY Change 1.12%
Treasury Stock Shares 1.044M shares
Shareholders Equity $3.681B $1.952B
YoY Change
Total Liabilities & Shareholders Equity $8.294B $4.635B
YoY Change 78.92% 222.21%

Cashflow Statement

Concept 2014 Q2 2013 Q2
OPERATING ACTIVITIES
Net Income $64.74M $43.17M
YoY Change 49.97% 35.84%
Depreciation, Depletion And Amortization $79.20M $33.90M
YoY Change 133.63% 370.83%
Cash From Operating Activities $124.9M $54.00M
YoY Change 131.3% 239.62%
INVESTING ACTIVITIES
Capital Expenditures -$55.30M -$116.4M
YoY Change -52.49% 38700.0%
Acquisitions
YoY Change
Other Investing Activities $59.30M $45.50M
YoY Change 30.33% 40.87%
Cash From Investing Activities $4.000M -$70.90M
YoY Change -105.64% -322.26%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $40.00M
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -112.4M -32.50M
YoY Change 245.85% -15.14%
NET CHANGE
Cash From Operating Activities 124.9M 54.00M
Cash From Investing Activities 4.000M -70.90M
Cash From Financing Activities -112.4M -32.50M
Net Change In Cash 16.50M -49.40M
YoY Change -133.4% -620.0%
FREE CASH FLOW
Cash From Operating Activities $124.9M $54.00M
Capital Expenditures -$55.30M -$116.4M
Free Cash Flow $180.2M $170.4M
YoY Change 5.75% 951.85%

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<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Recent Accounting Requirements</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The following Accounting Standards Updates, or ASUs, promulgated by the Financial Accounting Standards Board are applicable to us:</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">ASU 2014-09</font><font style="font-family:inherit;font-size:10pt;">, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Revenue from Contracts with Customers (Topic 606)</font><font style="font-family:inherit;font-size:10pt;">. ASU 2014-09 is a comprehensive new revenue recognition model requiring a company to recognize revenue to depict the transfer of goods or services to a customer at an amount reflecting the consideration it expects to receive in exchange for those goods or services. ASU 2014-09 does not apply to our rental revenues, but will apply to reimbursed tenant costs and revenues generated from our operating properties and our Investment Management business. Additionally, this guidance modifies disclosures regarding the nature, amount, timing and uncertainty of revenue and cash flows arising from contracts with customers. ASU 2014-09 is effective for us in 2017, and early adoption is not permitted. In adopting ASU 2014-09, companies may use either a full retrospective or a modified retrospective approach. We are currently evaluating the impact of ASU 2014-09 on our consolidated financial statements and have not yet determined the method by which we will adopt the standard in 2017.</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">ASU 2014-08, Presentation of Financial Statements (Topic 205) and Property, Plant, and Equipment (Topic 360)</font><font style="font-family:inherit;font-size:10pt;">. ASU 2014-08 changes the requirements for reporting discontinued operations. A discontinued operation may include a component of an entity or a group of components of an entity, or a business. Under this new guidance, a disposal of a component of an entity or a group of components of an entity is required to be reported in discontinued operations if the disposal represents a &#8220;strategic shift that has or will have a major effect on an entity&#8217;s operations and financial results.&#8221; The new guidance also requires disclosures including pretax profit or loss and significant gains or losses arising from dispositions that represent an &#8220;individually significant component of an entity,&#8221; but do not meet the criteria to be reported as discontinued operations under ASU 2014-08. In the ordinary course of business we sell properties, which, under prior accounting guidance, we generally reported as discontinued operations; however, under ASU 2014-08 such property dispositions typically would not meet the criteria to be reported as discontinued operations. We elected to early adopt ASU 2014-08 prospectively for all dispositions after December 31, 2013. Consequently, individually significant properties that were sold or classified as held-for-sale during 2014 were not reclassified to discontinued operations in the consolidated financial statements, but have been disclosed in </font><a style="font-family:inherit;font-size:10pt;" href="#s718B0C536341E587673AFBF81CB994F0"><font style="font-family:inherit;font-size:10pt;">Note 15</font></a><font style="font-family:inherit;font-size:10pt;"> to the consolidated financial statements. By contrast, and as required by the new guidance, the results for the current and prior year period reflect as discontinued operations in the consolidated financial statements all dispositions and assets classified as held-for-sale through December 31, 2013 that were deemed under the prior accounting guidance to be discontinued operations, as well as those assets classified as held-for-sale as part of the CPA</font><font style="font-family:inherit;font-size:10pt;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">&#174;</sup></font><font style="font-family:inherit;font-size:10pt;">:16 Merger. This ASU did not have a significant impact on our financial position or results of operations for any of the periods presented. </font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">ASU 2013-11, Income Taxes (Topic 740): Presentation of an Unrecognized Tax Benefit when a Net Operating Loss Carryforward, a Similar Tax Loss, or a Tax Credit Carryforward Exists. </font><font style="font-family:inherit;font-size:10pt;">ASU 2013-11 requires an entity to present an unrecognized tax benefit relating to a net operating loss carryforward, a similar tax loss or a tax credit carryforward as a reduction to a deferred tax asset except in certain situations. To the extent the net operating loss carryforward, similar tax loss or tax credit carryforward is not available as of the reporting date under the governing tax law to settle any additional income taxes that would result from the disallowance of the tax position, or the governing tax law does not require the entity to use and the entity does not intend to use the deferred tax asset for such purpose, the unrecognized tax benefit should be presented as a liability and should not be netted against a deferred tax asset. ASU 2013-11 became effective for us at the beginning of 2014. The adoption of ASU 2013-11 did not have a material impact on our financial condition or results of operations.</font></div></div>
us-gaap Diluted Earnings Per Share Pro Forma
DilutedEarningsPerShareProForma
0.75
CY2014Q2 us-gaap Diluted Earnings Per Share Pro Forma
DilutedEarningsPerShareProForma
0.38
us-gaap Diluted Earnings Per Share Pro Forma
DilutedEarningsPerShareProForma
1.12
CY2013Q2 us-gaap Diluted Earnings Per Share Pro Forma
DilutedEarningsPerShareProForma
0.39
CY2013Q2 us-gaap Dilutive Securities
DilutiveSecurities
-24000 USD
CY2014Q2 us-gaap Dilutive Securities
DilutiveSecurities
-60000 USD
us-gaap Dilutive Securities
DilutiveSecurities
-53000 USD
us-gaap Dilutive Securities
DilutiveSecurities
82000 USD
CY2013Q2 us-gaap Discontinued Operation Gain Loss On Disposal Of Discontinued Operation Net Of Tax
DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax
1312000 USD
us-gaap Discontinued Operation Gain Loss On Disposal Of Discontinued Operation Net Of Tax
DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax
382000 USD
CY2014Q2 us-gaap Discontinued Operation Gain Loss On Disposal Of Discontinued Operation Net Of Tax
DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax
24587000 USD
us-gaap Discontinued Operation Gain Loss On Disposal Of Discontinued Operation Net Of Tax
DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax
27685000 USD
us-gaap Disposal Group Including Discontinued Operation Operating Expense
DisposalGroupIncludingDiscontinuedOperationOperatingExpense
11990000 USD
CY2014Q2 us-gaap Disposal Group Including Discontinued Operation Operating Expense
DisposalGroupIncludingDiscontinuedOperationOperatingExpense
389000 USD
CY2013Q2 us-gaap Disposal Group Including Discontinued Operation Operating Expense
DisposalGroupIncludingDiscontinuedOperationOperatingExpense
5844000 USD
us-gaap Disposal Group Including Discontinued Operation Operating Expense
DisposalGroupIncludingDiscontinuedOperationOperatingExpense
1791000 USD
CY2013Q2 us-gaap Disposal Group Including Discontinued Operation Revenue
DisposalGroupIncludingDiscontinuedOperationRevenue
10539000 USD
CY2014Q2 us-gaap Disposal Group Including Discontinued Operation Revenue
DisposalGroupIncludingDiscontinuedOperationRevenue
2013000 USD
us-gaap Disposal Group Including Discontinued Operation Revenue
DisposalGroupIncludingDiscontinuedOperationRevenue
8230000 USD
us-gaap Disposal Group Including Discontinued Operation Revenue
DisposalGroupIncludingDiscontinuedOperationRevenue
18148000 USD
us-gaap Dividend Payable Date To Be Paid Day Month And Year
DividendPayableDateToBePaidDayMonthAndYear
2014-07-15
us-gaap Dividends
Dividends
180777000 USD
CY2013 us-gaap Dividends
Dividends
244734000 USD
CY2014Q2 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
90610000 USD
CY2013Q4 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
67746000 USD
CY2014Q2 us-gaap Due From Affiliates
DueFromAffiliates
39516000 USD
CY2013Q4 us-gaap Due From Affiliates
DueFromAffiliates
32034000 USD
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.83
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.88
CY2013Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.63
CY2014Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.64
CY2013Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.62
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.86
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.81
CY2014Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.64
us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
-554000 USD
us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
99000 USD
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
1.261
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.486
us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.350
us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.350
us-gaap Effective Income Tax Rate Reconciliation Disposition Of Assets
EffectiveIncomeTaxRateReconciliationDispositionOfAssets
0.000
us-gaap Effective Income Tax Rate Reconciliation Disposition Of Assets
EffectiveIncomeTaxRateReconciliationDispositionOfAssets
0.545
us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Amortization
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseAmortization
0.000
us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Amortization
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseAmortization
-0.014
us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Other
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseOther
0.060
us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Other
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseOther
0.132
us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.110
us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.018
CY2014Q2 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
37300000 USD
us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P1Y9M11D
us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
16000000 USD
us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
17300000 USD
CY2014Q2 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
0 USD
CY2013Q2 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
0 USD
CY2014Q2 us-gaap Equity Method Investments
EquityMethodInvestments
211225000 USD
CY2013Q4 us-gaap Equity Method Investments
EquityMethodInvestments
530020000 USD
us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
11556000 USD
us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
5449000 USD
us-gaap Extinguishment Of Debt Gain Loss Net Of Tax
ExtinguishmentOfDebtGainLossNetOfTax
-181000 USD
us-gaap Extinguishment Of Debt Gain Loss Net Of Tax
ExtinguishmentOfDebtGainLossNetOfTax
344000 USD
us-gaap Fair Value Measurements Valuation Techniques
FairValueMeasurementsValuationTechniques
•Discount rates applied to the estimated net operating income of each property ranged from approximately 4.75% to 15.25%;•Discount rates applied to the estimated residual value of each property ranged from approximately 4.75% to 14.00%;•Residual capitalization rates applied to the properties ranged from approximately 5.00% to 12.50%;•The fair market value of the property level debt was determined based upon available market data for comparable liabilities and by applying selected discount rates to the stream of future debt payments; and•Discount rates applied to the property level debt cash flows ranged from approximately 1.80% to 8.75%.
us-gaap Financing Receivable Credit Quality Additional Information
FinancingReceivableCreditQualityAdditionalInformation
We generally seek investments in facilities that we believe are critical to a tenant’s business and that we believe have a low risk of tenant default. At both June 30, 2014 and December 31, 2013, none of the balances of our finance receivables were past due and we had not established any allowances for credit losses.
us-gaap Financing Receivable Credit Quality Range Of Dates Ratings Updated
FinancingReceivableCreditQualityRangeOfDatesRatingsUpdated
The credit quality evaluation of our finance receivables was last updated in the second quarter of 2014.
CY2013Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
168840000 USD
CY2014Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
262297000 USD
CY2014Q2 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
672894000 USD
CY2014Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
91770000 USD
CY2014Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
146595000 USD
CY2014Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
152500000 USD
CY2014Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
160303000 USD
CY2014Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
181909000 USD
us-gaap Finitelived Intangible Assets Acquired1
FinitelivedIntangibleAssetsAcquired1
981901000 USD
us-gaap Gain Loss On Sale Of Properties
GainLossOnSaleOfProperties
50000 USD
us-gaap Gain Loss On Sale Of Properties
GainLossOnSaleOfProperties
23930000 USD
us-gaap Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
-3742000 USD
us-gaap Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
-332000 USD
CY2013Q2 us-gaap Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
-333000 USD
CY2014Q2 us-gaap Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
-3821000 USD
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
31596000 USD
CY2014Q2 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
19133000 USD
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
41802000 USD
CY2013Q2 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
14545000 USD
CY2014Q2 us-gaap Goodwill
Goodwill
698891000 USD
CY2013Q4 us-gaap Goodwill
Goodwill
350208000 USD
us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
343960000 USD
us-gaap Goodwill Subsequent Recognition Of Deferred Tax Asset
GoodwillSubsequentRecognitionOfDeferredTaxAsset
-7212000 USD
us-gaap Goodwill Translation Adjustments
GoodwillTranslationAdjustments
254000 USD
us-gaap Goodwill Written Off Related To Sale Of Business Unit
GoodwillWrittenOffRelatedToSaleOfBusinessUnit
2743000 USD
CY2013Q2 us-gaap Impairment Of Long Lived Assets To Be Disposed Of
ImpairmentOfLongLivedAssetsToBeDisposedOf
1671000 USD
us-gaap Impairment Of Long Lived Assets To Be Disposed Of
ImpairmentOfLongLivedAssetsToBeDisposedOf
0 USD
us-gaap Impairment Of Long Lived Assets To Be Disposed Of
ImpairmentOfLongLivedAssetsToBeDisposedOf
4950000 USD
CY2014Q2 us-gaap Impairment Of Long Lived Assets To Be Disposed Of
ImpairmentOfLongLivedAssetsToBeDisposedOf
0 USD
us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
2066000 USD
CY2014Q2 us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
2066000 USD
us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
0 USD
CY2013Q2 us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
0 USD
us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
56268000 USD
CY2014Q2 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
38236000 USD
CY2013Q2 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
39133000 USD
us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
145884000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
164169000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
57958000 USD
CY2013Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
40651000 USD
CY2014Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
52386000 USD
CY2013Q2 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
41785000 USD
us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
153876000 USD
us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
60299000 USD
CY2014Q2 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
44333000 USD
CY2014Q2 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
0.38
us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
0.81
us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
1.53
CY2013Q2 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
0.57
us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
1.52
CY2014Q2 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.38
CY2013Q2 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.56
us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.80
CY2014Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
26460000 USD
us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
32853000 USD
CY2013Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
4364000 USD
us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Noncontrolling Interest
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToNoncontrollingInterest
-608000 USD
CY2013Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Noncontrolling Interest
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToNoncontrollingInterest
-330000 USD
CY2014Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Noncontrolling Interest
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToNoncontrollingInterest
43000 USD
us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Noncontrolling Interest
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToNoncontrollingInterest
178000 USD
CY2013Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
4034000 USD
CY2014Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
26503000 USD
us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
33031000 USD
us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
1080000 USD
us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
0.02
CY2014Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
0.26
us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
0.35
CY2013Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
0.06
CY2014Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
0.26
CY2013Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
0.06
us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
0.34
us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
0.01
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
23714000 USD
CY2014Q2 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
9452000 USD
CY2013Q2 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
32541000 USD
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
43197000 USD
us-gaap Income Loss From Equity Method Investments Net Of Dividends Or Distributions
IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions
1815000 USD
us-gaap Income Loss From Equity Method Investments Net Of Dividends Or Distributions
IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions
22338000 USD
CY2014Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
8053000 USD
CY2013Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-1134000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-2341000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
10293000 USD
us-gaap Income Tax Reconciliation Disposition Of Assets
IncomeTaxReconciliationDispositionOfAssets
4848000 USD
us-gaap Income Tax Reconciliation Disposition Of Assets
IncomeTaxReconciliationDispositionOfAssets
0 USD
us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
-2972000 USD
us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
3113000 USD
us-gaap Income Tax Reconciliation Nondeductible Expense Amortization
IncomeTaxReconciliationNondeductibleExpenseAmortization
0 USD
us-gaap Income Tax Reconciliation Nondeductible Expense Amortization
IncomeTaxReconciliationNondeductibleExpenseAmortization
121000 USD
us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
-1120000 USD
us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
536000 USD
us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
-157000 USD
us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
978000 USD
us-gaap Increase Decrease In Income Taxes
IncreaseDecreaseInIncomeTaxes
-11507000 USD
us-gaap Increase Decrease In Income Taxes
IncreaseDecreaseInIncomeTaxes
-12538000 USD
us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
11706000 USD
us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
4920000 USD
us-gaap Increase Decrease In Prepaid Taxes
IncreaseDecreaseInPrepaidTaxes
-5721000 USD
us-gaap Increase Decrease In Prepaid Taxes
IncreaseDecreaseInPrepaidTaxes
16143000 USD
us-gaap Increase In Restricted Cash
IncreaseInRestrictedCash
242370000 USD
us-gaap Increase In Restricted Cash
IncreaseInRestrictedCash
73993000 USD
CY2013Q4 us-gaap Intangible Assets Net Including Goodwill
IntangibleAssetsNetIncludingGoodwill
1075865000 USD
CY2014Q2 us-gaap Intangible Assets Net Including Goodwill
IntangibleAssetsNetIncludingGoodwill
2272490000 USD
us-gaap Interest Expense
InterestExpense
86808000 USD
CY2014Q2 us-gaap Interest Expense
InterestExpense
47733000 USD
us-gaap Interest Expense
InterestExpense
51334000 USD
CY2013Q2 us-gaap Interest Expense
InterestExpense
25750000 USD
us-gaap Interest Income Related Party
InterestIncomeRelatedParty
479000 USD
us-gaap Interest Income Related Party
InterestIncomeRelatedParty
337000 USD
CY2014Q2 us-gaap Interest Income Related Party
InterestIncomeRelatedParty
163000 USD
CY2013Q2 us-gaap Interest Income Related Party
InterestIncomeRelatedParty
224000 USD
CY2014Q2 us-gaap Interest Rate Derivatives At Fair Value Net
InterestRateDerivativesAtFairValueNet
-15810000 USD
us-gaap Investment Advisory Management And Administrative Fees
InvestmentAdvisoryManagementAndAdministrativeFees
150110000 USD
CY2013Q2 us-gaap Investment Advisory Management And Administrative Fees
InvestmentAdvisoryManagementAndAdministrativeFees
34564000 USD
us-gaap Investment Advisory Management And Administrative Fees
InvestmentAdvisoryManagementAndAdministrativeFees
64110000 USD
CY2014Q2 us-gaap Investment Advisory Management And Administrative Fees
InvestmentAdvisoryManagementAndAdministrativeFees
76173000 USD
CY2014Q2 us-gaap Liabilities
Liabilities
4455767000 USD
CY2013Q4 us-gaap Liabilities
Liabilities
2468783000 USD
CY2014Q2 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
8293748000 USD
CY2013Q4 us-gaap Liabilities And Stockholders Equity
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<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Business and Organization</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">W. P. Carey Inc., or W. P. Carey, is, together with its consolidated subsidiaries and predecessors, a real estate investment trust, or REIT, that provides long-term financing via sale-leaseback and build-to-suit transactions for companies worldwide and manages a global investment portfolio. We invest primarily in commercial properties domestically and internationally. We earn revenue principally by leasing the properties we own to single corporate tenants, primarily on a triple-net lease basis, which requires each tenant to pay substantially all of the costs associated with operating and maintaining the property. Through our taxable REIT subsidiaries, or TRSs, we also earn revenue as the advisor to publicly-owned, non-listed REITs under the Corporate Property Associates, or CPA</font><font style="font-family:inherit;font-size:10pt;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">&#174;</sup></font><font style="font-family:inherit;font-size:10pt;">, brand name, which invest in similar properties. At </font><font style="font-family:inherit;font-size:10pt;">June&#160;30, 2014</font><font style="font-family:inherit;font-size:10pt;">, we were the advisor to Corporate Property Associates 17 &#8211; Global Incorporated, or CPA</font><font style="font-family:inherit;font-size:10pt;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">&#174;</sup></font><font style="font-family:inherit;font-size:10pt;">:17 &#8211; Global, and Corporate Property Associates 18 &#8211; Global Incorporated, or CPA</font><font style="font-family:inherit;font-size:10pt;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">&#174;</sup></font><font style="font-family:inherit;font-size:10pt;">:18 &#8211; Global. We were also the advisor to Corporate Property Associates 16 &#8211; Global Incorporated, or CPA</font><font style="font-family:inherit;font-size:10pt;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">&#174;</sup></font><font style="font-family:inherit;font-size:10pt;">:16 &#8211; Global, until its merger with us on January 31, 2014. We refer to CPA</font><font style="font-family:inherit;font-size:10pt;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">&#174;</sup></font><font style="font-family:inherit;font-size:10pt;">:16 &#8211; Global, CPA</font><font style="font-family:inherit;font-size:10pt;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">&#174;</sup></font><font style="font-family:inherit;font-size:10pt;">:17 &#8211; Global, and CPA</font><font style="font-family:inherit;font-size:10pt;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">&#174;</sup></font><font style="font-family:inherit;font-size:10pt;">:18 &#8211; Global as the CPA</font><font style="font-family:inherit;font-size:10pt;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">&#174;</sup></font><font style="font-family:inherit;font-size:10pt;"> REITs. We are also the advisor to Carey Watermark Investors Incorporated, or CWI, and together with CPA</font><font style="font-family:inherit;font-size:10pt;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">&#174;</sup></font><font style="font-family:inherit;font-size:10pt;"> REITs, the Managed REITs, a publicly-owned, non-listed REIT that invests in lodging and lodging-related properties.</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Originally founded in 1973, we reorganized as a REIT in September 2012 in connection with our merger with Corporate Property Associates 15 Incorporated, or CPA</font><font style="font-family:inherit;font-size:10pt;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">&#174;</sup></font><font style="font-family:inherit;font-size:10pt;">:15. We refer to that merger as the CPA</font><font style="font-family:inherit;font-size:10pt;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">&#174;</sup></font><font style="font-family:inherit;font-size:10pt;">:15 Merger. Our shares of common stock are listed on the New York Stock Exchange under the symbol &#8220;WPC.&#8221;</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">On January 31, 2014, CPA</font><font style="font-family:inherit;font-size:10pt;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">&#174;</sup></font><font style="font-family:inherit;font-size:10pt;">:16 &#8211; Global merged with and into us based on a merger agreement, dated as of July 25, 2013, which we refer to as the CPA</font><font style="font-family:inherit;font-size:10pt;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">&#174;</sup></font><font style="font-family:inherit;font-size:10pt;">:16 Merger (</font><a style="font-family:inherit;font-size:10pt;" href="#s833F3DC36AED9548982DFBF819FE91C9"><font style="font-family:inherit;font-size:10pt;">Note 3</font></a><font style="font-family:inherit;font-size:10pt;">). </font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">We have elected to be taxed as a REIT under Section&#160;856 through 860 of the Internal Revenue Code. As a REIT, we are not generally subject to United States, or U.S., federal income taxation as long as we satisfy certain requirements, principally relating to the nature of our income and the level of our distributions, as well as other factors. We hold all of our real estate assets attributable to our Real Estate Ownership segment under the REIT structure, while the activities conducted by our Investment Management segment subsidiaries have been organized under TRSs.</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Reportable Segments</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Real Estate Ownership</font><font style="font-family:inherit;font-size:10pt;"> &#8212; We own and invest in commercial properties principally in the U.S. and the European Union that are then leased to companies, primarily on a triple-net lease basis. We have also invested in several operating properties, such as lodging and self-storage properties. We earn lease revenues from our wholly-owned and co-owned real estate investments that we control. In addition, we generate equity income through co-owned real estate investments that we do not control and our investments in the shares of the Managed REITs (</font><a style="font-family:inherit;font-size:10pt;" href="#s3B5F04D01CC1B0DCD9EFFBF81B2F23FF"><font style="font-family:inherit;font-size:10pt;">Note 7</font></a><font style="font-family:inherit;font-size:10pt;">). Through our special member interests in the operating partnerships of the Managed REITs, we also participate in their cash flows (</font><a style="font-family:inherit;font-size:10pt;" href="#sE7104C18E10FA66ECE41FBF81A8C3498"><font style="font-family:inherit;font-size:10pt;">Note 4</font></a><font style="font-family:inherit;font-size:10pt;">). At </font><font style="font-family:inherit;font-size:10pt;">June&#160;30, 2014</font><font style="font-family:inherit;font-size:10pt;">, our owned portfolio was comprised of our full or partial ownership interests in </font><font style="font-family:inherit;font-size:10pt;">686</font><font style="font-family:inherit;font-size:10pt;"> properties, substantially all of which were net leased to </font><font style="font-family:inherit;font-size:10pt;">216</font><font style="font-family:inherit;font-size:10pt;"> tenants, with an occupancy rate of </font><font style="font-family:inherit;font-size:10pt;">98.5%</font><font style="font-family:inherit;font-size:10pt;">, and totaled approximately </font><font style="font-family:inherit;font-size:10pt;">81.8 million</font><font style="font-family:inherit;font-size:10pt;"> square feet. Collectively, at </font><font style="font-family:inherit;font-size:10pt;">June&#160;30, 2014</font><font style="font-family:inherit;font-size:10pt;">, CPA</font><font style="font-family:inherit;font-size:10pt;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">&#174;</sup></font><font style="font-family:inherit;font-size:10pt;">:17 &#8211; Global and CPA</font><font style="font-family:inherit;font-size:10pt;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">&#174;</sup></font><font style="font-family:inherit;font-size:10pt;">:18 &#8211; Global owned all or a portion of </font><font style="font-family:inherit;font-size:10pt;">375</font><font style="font-family:inherit;font-size:10pt;"> properties, including certain properties in which we have an ownership interest. Substantially all of these properties, totaling approximately </font><font style="font-family:inherit;font-size:10pt;">39.6 million</font><font style="font-family:inherit;font-size:10pt;"> square feet, were net leased to </font><font style="font-family:inherit;font-size:10pt;">119</font><font style="font-family:inherit;font-size:10pt;"> tenants, with an average occupancy rate of approximately </font><font style="font-family:inherit;font-size:10pt;">99.96%</font><font style="font-family:inherit;font-size:10pt;">. CPA</font><font style="font-family:inherit;font-size:10pt;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">&#174;</sup></font><font style="font-family:inherit;font-size:10pt;">:17 &#8211; Global, CPA</font><font style="font-family:inherit;font-size:10pt;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">&#174;</sup></font><font style="font-family:inherit;font-size:10pt;">:18 &#8211; Global and CWI also had interests in </font><font style="font-family:inherit;font-size:10pt;">100</font><font style="font-family:inherit;font-size:10pt;"> operating properties for an aggregate of approximately </font><font style="font-family:inherit;font-size:10pt;">10.6 million</font><font style="font-family:inherit;font-size:10pt;"> square feet at </font><font style="font-family:inherit;font-size:10pt;">June&#160;30, 2014</font><font style="font-family:inherit;font-size:10pt;">.</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Investment Management</font><font style="font-family:inherit;font-size:10pt;"> &#8212; Through our TRSs, we structure and negotiate investments and debt placement transactions for the Managed REITs, for which we earn structuring revenue, and manage their portfolios of real estate investments, for which we earn asset-based management revenue. We earn disposition revenue when we negotiate and structure the sale of properties on behalf of the Managed REITs, and we may also earn incentive revenue and receive other compensation in connection with providing liquidity events for the Managed REITs&#8217; stockholders. We are currently considering alternatives for expanding our investment management operations by raising funds in addition to the existing Managed REITs, although there can be no assurance that we will pursue any of these initiatives.&#160; These new funds could invest primarily in assets other than net-lease real estate and include funds raised through publicly traded vehicles, either in the U.S. or internationally.</font></div></div>
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us-gaap Payments To Acquire Businesses Gross
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1338000 USD
us-gaap Payments To Acquire Businesses Gross
PaymentsToAcquireBusinessesGross
0 USD
us-gaap Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
459000 USD
us-gaap Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
1455000 USD
us-gaap Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
0 USD
us-gaap Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
7664000 USD
us-gaap Payments To Acquire Real Estate
PaymentsToAcquireRealEstate
183554000 USD
us-gaap Payments To Acquire Real Estate
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88334000 USD
us-gaap Payments To Develop Real Estate Assets
PaymentsToDevelopRealEstateAssets
13477000 USD
us-gaap Payments To Develop Real Estate Assets
PaymentsToDevelopRealEstateAssets
5806000 USD
us-gaap Payments To Fund Longterm Loans To Related Parties
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11000000 USD
us-gaap Payments To Fund Longterm Loans To Related Parties
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0 USD
CY2014Q2 us-gaap Preferred Stock Par Or Stated Value Per Share
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0.001
CY2013Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
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0.001
CY2013Q4 us-gaap Preferred Stock Shares Authorized
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50000000 shares
CY2014Q2 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
50000000 shares
CY2014Q2 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2013Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2013Q4 us-gaap Preferred Stock Value
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0 USD
CY2014Q2 us-gaap Preferred Stock Value
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0 USD
CY2014Q2 us-gaap Pro Forma Weighted Average Shares Outstanding Diluted
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100995225 shares
us-gaap Pro Forma Weighted Average Shares Outstanding Diluted
ProFormaWeightedAverageSharesOutstandingDiluted
100600727 shares
CY2013Q2 us-gaap Pro Forma Weighted Average Shares Outstanding Diluted
ProFormaWeightedAverageSharesOutstandingDiluted
100223780 shares
us-gaap Pro Forma Weighted Average Shares Outstanding Diluted
ProFormaWeightedAverageSharesOutstandingDiluted
100875283 shares
us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
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8889000 USD
us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
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21907000 USD
us-gaap Proceeds From Issuance Of Secured Debt
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99000000 USD
us-gaap Proceeds From Issuance Of Secured Debt
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6550000 USD
us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
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1970000 USD
us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
1184000 USD
us-gaap Proceeds From Issuance Of Unsecured Debt
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498195000 USD
us-gaap Proceeds From Issuance Of Unsecured Debt
ProceedsFromIssuanceOfUnsecuredDebt
0 USD
CY2013 us-gaap Proceeds From Minority Shareholders
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65145000 USD
us-gaap Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
2830000 USD
us-gaap Proceeds From Minority Shareholders
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314000 USD
us-gaap Proceeds From Sale Of Real Estate Heldforinvestment
ProceedsFromSaleOfRealEstateHeldforinvestment
48902000 USD
us-gaap Proceeds From Sale Of Real Estate Heldforinvestment
ProceedsFromSaleOfRealEstateHeldforinvestment
280795000 USD
us-gaap Proceeds From Unsecured Lines Of Credit
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1042627000 USD
us-gaap Proceeds From Unsecured Lines Of Credit
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230000000 USD
us-gaap Profit Loss
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182987000 USD
CY2013Q2 us-gaap Profit Loss
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45816000 USD
us-gaap Profit Loss
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61655000 USD
CY2014Q2 us-gaap Profit Loss
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66972000 USD
CY2014Q2 us-gaap Real Estate Investment Property Accumulated Depreciation
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217155000 USD
CY2013Q4 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
168958000 USD
CY2013Q4 us-gaap Real Estate Investment Property Net
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2353391000 USD
CY2014Q2 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
4365388000 USD
CY2014Q2 us-gaap Real Estate Investments
RealEstateInvestments
5456613000 USD
CY2013Q4 us-gaap Real Estate Investments
RealEstateInvestments
3333654000 USD
CY2013Q4 us-gaap Real Estate Investments Other
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6024000 USD
CY2014Q2 us-gaap Real Estate Investments Other
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84544000 USD
us-gaap Real Estate Revenue Net
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146444000 USD
CY2013Q2 us-gaap Real Estate Revenue Net
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73984000 USD
us-gaap Real Estate Revenue Net
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271320000 USD
CY2014Q2 us-gaap Real Estate Revenue Net
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148253000 USD
CY2014Q2 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
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-1234000 USD
us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
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-1271000 USD
CY2013Q2 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
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-780000 USD
us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
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-2438000 USD
us-gaap Recognition Of Deferred Revenue
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4718000 USD
us-gaap Recognition Of Deferred Revenue
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786000 USD
CY2013Q4 us-gaap Redeemable Noncontrolling Interest Equity Carrying Amount
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7436000 USD
CY2014Q2 us-gaap Redeemable Noncontrolling Interest Equity Carrying Amount
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6418000 USD
us-gaap Reimbursement Revenue
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11763000 USD
CY2013Q2 us-gaap Reimbursement Revenue
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3040000 USD
CY2014Q2 us-gaap Reimbursement Revenue
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5749000 USD
us-gaap Reimbursement Revenue
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6157000 USD
CY2014Q2 us-gaap Rental Properties
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4497999000 USD
CY2013Q4 us-gaap Rental Properties
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2516325000 USD
us-gaap Repayment Of Notes Receivable From Related Parties
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0 USD
us-gaap Repayment Of Notes Receivable From Related Parties
RepaymentOfNotesReceivableFromRelatedParties
1155000 USD
us-gaap Repayments Of Lines Of Credit
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1310000000 USD
us-gaap Repayments Of Lines Of Credit
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98000000 USD
us-gaap Repayments Of Secured Debt
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61608000 USD
us-gaap Repayments Of Secured Debt
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81344000 USD
us-gaap Revenue From Related Parties
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166868000 USD
CY2014Q2 us-gaap Revenue From Related Parties
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81548000 USD
us-gaap Revenue From Related Parties
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85358000 USD
CY2013Q2 us-gaap Revenue From Related Parties
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45564000 USD
CY2014Q2 us-gaap Revenues
Revenues
252907000 USD
us-gaap Revenues
Revenues
461916000 USD
CY2013Q2 us-gaap Revenues
Revenues
112221000 USD
us-gaap Revenues
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218251000 USD
CY2013Q4 us-gaap Secured Debt
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1492410000 USD
CY2014Q2 us-gaap Secured Debt
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2823415000 USD
us-gaap Share Based Compensation
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15000000 USD
us-gaap Share Based Compensation
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17578000 USD
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Total Fair Value
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23900000 USD
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
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0.2589
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
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0.0065
CY2014Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
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495169 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
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1700000 USD
CY2014Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
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566880 shares
us-gaap Stock Issued During Period Shares Stock Options Exercised
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51900 shares
us-gaap Stock Issued During Period Value Acquisitions
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1815521000 USD
us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
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1184000 USD
CY2013 us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
2312000 USD
us-gaap Stock Issued During Period Value Issued For Services
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15736000 USD
us-gaap Stock Issued During Period Value Share Based Compensation Gross
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534000 USD
CY2013 us-gaap Stock Issued During Period Value Share Based Compensation Gross
StockIssuedDuringPeriodValueShareBasedCompensationGross
9183000 USD
CY2014Q1 us-gaap Stock Repurchased During Period Shares
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11037 shares
CY2013Q2 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
616971 shares
CY2013 us-gaap Stock Repurchased During Period Value
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40000000 USD
us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
678000 USD
CY2014Q2 us-gaap Stockholders Equity
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3680570000 USD
CY2013Q4 us-gaap Stockholders Equity
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1904415000 USD
CY2014Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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3831563000 USD
CY2013Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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2202731000 USD
CY2012Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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2257323000 USD
us-gaap Temporary Equity Accretion To Redemption Value
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306000 USD
CY2014Q2 us-gaap Temporary Equity Carrying Amount Including Portion Attributable To Noncontrolling Interests
TemporaryEquityCarryingAmountIncludingPortionAttributableToNoncontrollingInterests
0 USD
CY2013Q4 us-gaap Temporary Equity Carrying Amount Including Portion Attributable To Noncontrolling Interests
TemporaryEquityCarryingAmountIncludingPortionAttributableToNoncontrollingInterests
0 USD
CY2013Q2 us-gaap Temporary Equity Carrying Amount Including Portion Attributable To Noncontrolling Interests
TemporaryEquityCarryingAmountIncludingPortionAttributableToNoncontrollingInterests
0 USD
CY2012Q4 us-gaap Temporary Equity Carrying Amount Including Portion Attributable To Noncontrolling Interests
TemporaryEquityCarryingAmountIncludingPortionAttributableToNoncontrollingInterests
40000000 USD
us-gaap Temporary Equity Foreign Currency Translation Adjustments
TemporaryEquityForeignCurrencyTranslationAdjustments
21000 USD
CY2014Q2 us-gaap Temporary Equity Foreign Currency Translation Adjustments
TemporaryEquityForeignCurrencyTranslationAdjustments
21000 USD
CY2013Q2 us-gaap Temporary Equity Foreign Currency Translation Adjustments
TemporaryEquityForeignCurrencyTranslationAdjustments
-2000 USD
us-gaap Temporary Equity Foreign Currency Translation Adjustments
TemporaryEquityForeignCurrencyTranslationAdjustments
27000 USD
CY2013Q4 us-gaap Treasury Stock Shares
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1033379 shares
CY2014Q2 us-gaap Treasury Stock Shares
TreasuryStockShares
1044416 shares
CY2013Q4 us-gaap Treasury Stock Value
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60270000 USD
CY2014Q2 us-gaap Treasury Stock Value
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60948000 USD
CY2013Q2 us-gaap Undistributed Earnings Allocated To Participating Securities
UndistributedEarningsAllocatedToParticipatingSecurities
316000 USD
us-gaap Undistributed Earnings Allocated To Participating Securities
UndistributedEarningsAllocatedToParticipatingSecurities
765000 USD
us-gaap Undistributed Earnings Allocated To Participating Securities
UndistributedEarningsAllocatedToParticipatingSecurities
419000 USD
CY2014Q2 us-gaap Undistributed Earnings Allocated To Participating Securities
UndistributedEarningsAllocatedToParticipatingSecurities
277000 USD
us-gaap Unrealized Gain Loss On Derivatives
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1412000 USD
us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
3220000 USD
CY2014Q2 us-gaap Weighted Average Basic Shares Outstanding Pro Forma
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100236362 shares
us-gaap Weighted Average Basic Shares Outstanding Pro Forma
WeightedAverageBasicSharesOutstandingProForma
99505986 shares
us-gaap Weighted Average Basic Shares Outstanding Pro Forma
WeightedAverageBasicSharesOutstandingProForma
99976714 shares
CY2013Q2 us-gaap Weighted Average Basic Shares Outstanding Pro Forma
WeightedAverageBasicSharesOutstandingProForma
99136649 shares
CY2014Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
758863 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
1002849 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
1094741 shares
CY2013Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
1087131 shares
CY2013Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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69493902 shares
CY2014Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
100995225 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
69870849 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
95857916 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
94855067 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
68776108 shares
CY2013Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
68406771 shares
CY2014Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
100236362 shares
CY2013Q4 wpc Accounts Receivable Billed Under Direct Financing Leases
AccountsReceivableBilledUnderDirectFinancingLeases
100000 USD
CY2014Q2 wpc Accounts Receivable Billed Under Direct Financing Leases
AccountsReceivableBilledUnderDirectFinancingLeases
2300000 USD
wpc Acquired Finite Lived Intangible Liabilities Amount
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59986000 USD
wpc Advisory Expense
AdvisoryExpense
2469000 USD
CY2014Q2 wpc Advisory Expense
AdvisoryExpense
2451000 USD
wpc Advisory Expense
AdvisoryExpense
1670000 USD
CY2013Q2 wpc Advisory Expense
AdvisoryExpense
985000 USD
CY2014Q2 wpc Asset Management Fees Receivable
AssetManagementFeesReceivable
0 USD
CY2013Q4 wpc Asset Management Fees Receivable
AssetManagementFeesReceivable
1451000 USD
wpc Business Acquisitions Pro Forma Net Income Loss From Continuing Operations
BusinessAcquisitionsProFormaNetIncomeLossFromContinuingOperations
75342000 USD
CY2014Q2 wpc Business Acquisitions Pro Forma Net Income Loss From Continuing Operations
BusinessAcquisitionsProFormaNetIncomeLossFromContinuingOperations
38236000 USD
wpc Business Acquisitions Pro Forma Net Income Loss From Continuing Operations
BusinessAcquisitionsProFormaNetIncomeLossFromContinuingOperations
112766000 USD
CY2013Q2 wpc Business Acquisitions Pro Forma Net Income Loss From Continuing Operations
BusinessAcquisitionsProFormaNetIncomeLossFromContinuingOperations
39069000 USD
wpc Business Acquisitions Pro Forma Net Income Loss From Continuing Operations Attributable To Redeemable Noncontrolling Interest
BusinessAcquisitionsProFormaNetIncomeLossFromContinuingOperationsAttributableToRedeemableNoncontrollingInterest
151000 USD
CY2014Q2 wpc Business Acquisitions Pro Forma Net Income Loss From Continuing Operations Attributable To Redeemable Noncontrolling Interest
BusinessAcquisitionsProFormaNetIncomeLossFromContinuingOperationsAttributableToRedeemableNoncontrollingInterest
-111000 USD
wpc Business Acquisitions Pro Forma Net Income Loss From Continuing Operations Attributable To Redeemable Noncontrolling Interest
BusinessAcquisitionsProFormaNetIncomeLossFromContinuingOperationsAttributableToRedeemableNoncontrollingInterest
-1602000 USD
CY2013Q2 wpc Business Acquisitions Pro Forma Net Income Loss From Continuing Operations Attributable To Redeemable Noncontrolling Interest
BusinessAcquisitionsProFormaNetIncomeLossFromContinuingOperationsAttributableToRedeemableNoncontrollingInterest
349000 USD
wpc Business Acquisitions Pro Forma Net Income Loss From Continuing Operations Attributableto Noncontrolling Interests
BusinessAcquisitionsProFormaNetIncomeLossFromContinuingOperationsAttributabletoNoncontrollingInterests
2916000 USD
CY2014Q2 wpc Business Acquisitions Pro Forma Net Income Loss From Continuing Operations Attributableto Noncontrolling Interests
BusinessAcquisitionsProFormaNetIncomeLossFromContinuingOperationsAttributabletoNoncontrollingInterests
2344000 USD
wpc Business Acquisitions Pro Forma Net Income Loss From Continuing Operations Attributableto Noncontrolling Interests
BusinessAcquisitionsProFormaNetIncomeLossFromContinuingOperationsAttributabletoNoncontrollingInterests
2536000 USD
CY2013Q2 wpc Business Acquisitions Pro Forma Net Income Loss From Continuing Operations Attributableto Noncontrolling Interests
BusinessAcquisitionsProFormaNetIncomeLossFromContinuingOperationsAttributabletoNoncontrollingInterests
1807000 USD
wpc Business Acquisitions Pro Forma Net Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interests
BusinessAcquisitionsProFormaNetIncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterests
78409000 USD
CY2013Q2 wpc Business Acquisitions Pro Forma Net Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interests
BusinessAcquisitionsProFormaNetIncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterests
41225000 USD
CY2014Q2 wpc Business Acquisitions Pro Forma Net Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interests
BusinessAcquisitionsProFormaNetIncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterests
40469000 USD
wpc Business Acquisitions Pro Forma Net Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interests
BusinessAcquisitionsProFormaNetIncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterests
113700000 USD
CY2014Q2 wpc Capital Leases Net Investment In Direct Financing Leases Excluding Unearned Income
CapitalLeasesNetInvestmentInDirectFinancingLeasesExcludingUnearnedIncome
1899497000 USD
CY2013Q4 wpc Capital Leases Net Investment In Direct Financing Leases Excluding Unearned Income
CapitalLeasesNetInvestmentInDirectFinancingLeasesExcludingUnearnedIncome
830085000 USD
CY2014Q2 wpc Carrying Value Of Collateral Mortgage Loans
CarryingValueOfCollateralMortgageLoans
3700000000 USD
CY2013Q4 wpc Carrying Value Of Collateral Mortgage Loans
CarryingValueOfCollateralMortgageLoans
1900000000 USD
wpc Change From Net Income To Transfers To Noncontrolling Interest
ChangeFromNetIncomeToTransfersToNoncontrollingInterest
137541000 USD
wpc Change From Net Income To Transfers To Noncontrolling Interest
ChangeFromNetIncomeToTransfersToNoncontrollingInterest
57348000 USD
CY2013Q2 wpc Common Stock Share Valueon Exercise Date
CommonStockShareValueonExerciseDate
64.83
wpc Comprehensive Income Attributable To Redeemable Noncontrolling Interests
ComprehensiveIncomeAttributableToRedeemableNoncontrollingInterests
124000 USD
CY2014Q2 wpc Comprehensive Income Attributable To Redeemable Noncontrolling Interests
ComprehensiveIncomeAttributableToRedeemableNoncontrollingInterests
-132000 USD
CY2013Q2 wpc Comprehensive Income Attributable To Redeemable Noncontrolling Interests
ComprehensiveIncomeAttributableToRedeemableNoncontrollingInterests
-41000 USD
wpc Comprehensive Income Attributable To Redeemable Noncontrolling Interests
ComprehensiveIncomeAttributableToRedeemableNoncontrollingInterests
-114000 USD
CY2014Q2 wpc Credit Derivative Maximum Exposure Undiscounted Single Counterparty
CreditDerivativeMaximumExposureUndiscountedSingleCounterparty
100000 USD
CY2013Q4 wpc Current Acquisition Fees Receivable
CurrentAcquisitionFeesReceivable
4149000 USD
CY2014Q2 wpc Current Acquisition Fees Receivable
CurrentAcquisitionFeesReceivable
3242000 USD
CY2014Q2 wpc Dealer Manager Feesand Expenses
DealerManagerFeesandExpenses
6285000 USD
wpc Dealer Manager Feesand Expenses
DealerManagerFeesandExpenses
5126000 USD
CY2013Q2 wpc Dealer Manager Feesand Expenses
DealerManagerFeesandExpenses
3163000 USD
wpc Dealer Manager Feesand Expenses
DealerManagerFeesandExpenses
11710000 USD
wpc Decrease In Additional Paid In Capital For Purchases
DecreaseInAdditionalPaidInCapitalForPurchases
41374000 USD
wpc Decrease In Additional Paid In Capital For Purchases
DecreaseInAdditionalPaidInCapitalForPurchases
0 USD
wpc Decrease In Rental Revenue After Year Five
DecreaseInRentalRevenueAfterYearFive
-182014000 USD
wpc Decrease In Rental Revenue Year Five
DecreaseInRentalRevenueYearFive
-47686000 USD
wpc Decrease In Rental Revenue Year Four
DecreaseInRentalRevenueYearFour
-50549000 USD
wpc Decrease In Rental Revenue Year Three
DecreaseInRentalRevenueYearThree
-54320000 USD
wpc Decrease In Rental Revenue Year Two
DecreaseInRentalRevenueYearTwo
-55989000 USD
wpc Deferred Acquisition Revenue Received
DeferredAcquisitionRevenueReceived
12402000 USD
wpc Deferred Acquisition Revenue Received
DeferredAcquisitionRevenueReceived
11153000 USD
CY2014Q2 wpc Deferred Compensation Shares
DeferredCompensationShares
889863 shares
CY2014Q2 wpc Deferred Revenue Recognized
DeferredRevenueRecognized
0 USD
CY2013Q2 wpc Deferred Revenue Recognized
DeferredRevenueRecognized
2123000 USD
wpc Deferred Revenue Recognized
DeferredRevenueRecognized
786000 USD
wpc Deferred Revenue Recognized
DeferredRevenueRecognized
4246000 USD
CY2013Q4 wpc Deferredacquisitionfeesreceivable
Deferredacquisitionfeesreceivable
19684000 USD
CY2014Q2 wpc Deferredacquisitionfeesreceivable
Deferredacquisitionfeesreceivable
18515000 USD
wpc Discontinued Operation Gains Losseson Extinguishmentof Debt Netof Tax
DiscontinuedOperationGainsLossesonExtinguishmentofDebtNetofTax
98000 USD
CY2013Q2 wpc Discontinued Operation Gains Losseson Extinguishmentof Debt Netof Tax
DiscontinuedOperationGainsLossesonExtinguishmentofDebtNetofTax
28000 USD
CY2014Q2 wpc Discontinued Operation Gains Losseson Extinguishmentof Debt Netof Tax
DiscontinuedOperationGainsLossesonExtinguishmentofDebtNetofTax
249000 USD
wpc Discontinued Operation Gains Losseson Extinguishmentof Debt Netof Tax
DiscontinuedOperationGainsLossesonExtinguishmentofDebtNetofTax
-1271000 USD
wpc Distributionof Available Cash From Managed Reits
DistributionofAvailableCashFromManagedReits
15681000 USD
CY2013Q2 wpc Distributionof Available Cash From Managed Reits
DistributionofAvailableCashFromManagedReits
8677000 USD
wpc Distributionof Available Cash From Managed Reits
DistributionofAvailableCashFromManagedReits
16568000 USD
CY2014Q2 wpc Distributionof Available Cash From Managed Reits
DistributionofAvailableCashFromManagedReits
5235000 USD
wpc Effective Income Tax Rate Reconciliation Nondeductible Expense Interest Amount
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseInterestAmount
1739000 USD
wpc Effective Income Tax Rate Reconciliation Nondeductible Expense Interest Amount
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseInterestAmount
0 USD
wpc Effective Income Tax Rate Reconciliation Nondeductible Expense Interest Percent
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseInterestPercent
0.000
wpc Effective Income Tax Rate Reconciliation Nondeductible Expense Interest Percent
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseInterestPercent
0.196
CY2013Q4 wpc Finite Lived Intangible Asset Acquired In Place Leases Net
FiniteLivedIntangibleAssetAcquiredInPlaceLeasesNet
467127000 USD
CY2014Q2 wpc Finite Lived Intangible Asset Acquired In Place Leases Net
FiniteLivedIntangibleAssetAcquiredInPlaceLeasesNet
966406000 USD
CY2014Q2 wpc Finite Lived Intangible Asset Off Market Lease Favorable Net
FiniteLivedIntangibleAssetOffMarketLeaseFavorableNet
570498000 USD
CY2013Q4 wpc Finite Lived Intangible Asset Off Market Lease Favorable Net
FiniteLivedIntangibleAssetOffMarketLeaseFavorableNet
241975000 USD
CY2014Q2 wpc Finite Lived Intangible Assets Liabilities Net
FiniteLivedIntangibleAssetsLiabilitiesNet
1405971000 USD
CY2013Q4 wpc Finite Lived Intangible Liabilities Accumulated Amortization
FiniteLivedIntangibleLiabilitiesAccumulatedAmortization
12344000 USD
CY2014Q2 wpc Finite Lived Intangible Liabilities Accumulated Amortization
FiniteLivedIntangibleLiabilitiesAccumulatedAmortization
18686000 USD
CY2014Q2 wpc Finite Lived Intangible Liabilities Gross
FiniteLivedIntangibleLiabilitiesGross
182339000 USD
CY2013Q4 wpc Finite Lived Intangible Liabilities Gross
FiniteLivedIntangibleLiabilitiesGross
123835000 USD
CY2013Q4 wpc Finite Lived Intangible Liabilities Net
FiniteLivedIntangibleLiabilitiesNet
111491000 USD
CY2014Q2 wpc Finite Lived Intangible Liabilities Net
FiniteLivedIntangibleLiabilitiesNet
163653000 USD
wpc Foreign Currency Translation Adjustment Attributable To Noncontrolling Interest
ForeignCurrencyTranslationAdjustmentAttributableToNoncontrollingInterest
4000 USD
CY2013 wpc Foreign Currency Translation Adjustment Attributable To Noncontrolling Interest
ForeignCurrencyTranslationAdjustmentAttributableToNoncontrollingInterest
-5000 USD
wpc Gain Loss On Change In Control Of Interests Excluding Allocation Of Profit Sharing Interest
GainLossOnChangeInControlOfInterestsExcludingAllocationOfProfitSharingInterest
0 USD
wpc Gain Loss On Change In Control Of Interests Excluding Allocation Of Profit Sharing Interest
GainLossOnChangeInControlOfInterestsExcludingAllocationOfProfitSharingInterest
104645000 USD
wpc Gain On Change In Control Of Interests
GainOnChangeInControlOfInterests
0 USD
CY2014Q2 wpc Gain On Change In Control Of Interests
GainOnChangeInControlOfInterests
0 USD
CY2013Q2 wpc Gain On Change In Control Of Interests
GainOnChangeInControlOfInterests
0 USD
wpc Gain On Change In Control Of Interests
GainOnChangeInControlOfInterests
104645000 USD
wpc Income From Continuing Operations Before Income Taxes
IncomeFromContinuingOperationsBeforeIncomeTaxes
53651000 USD
wpc Income From Continuing Operations Before Income Taxes
IncomeFromContinuingOperationsBeforeIncomeTaxes
160097000 USD
wpc Increase Decrease In Structuring Revenue Receivable
IncreaseDecreaseInStructuringRevenueReceivable
10842000 USD
wpc Increase Decrease In Structuring Revenue Receivable
IncreaseDecreaseInStructuringRevenueReceivable
2285000 USD
wpc Increase In Amortization Expense Finite Lived Intangible Assets Liabilities
IncreaseInAmortizationExpenseFiniteLivedIntangibleAssetsLiabilities
986378000 USD
CY2014Q2 wpc Indefinite Lived Intangible Asset
IndefiniteLivedIntangibleAsset
702866000 USD
wpc Installment Periodfor Deferred Acquisition Fee Receivable
InstallmentPeriodforDeferredAcquisitionFeeReceivable
three years
CY2014Q2 wpc Intangible Assets Gross Including Goodwill
IntangibleAssetsGrossIncludingGoodwill
2534787000 USD
wpc Increase In Amortization Expense Next Twelve Months
IncreaseInAmortizationExpenseNextTwelveMonths
62735000 USD
wpc Increase In Amortization Expense Year After Year Five
IncreaseInAmortizationExpenseYearAfterYearFive
490880000 USD
wpc Increase In Amortization Expense Year Five
IncreaseInAmortizationExpenseYearFive
98909000 USD
wpc Increase In Amortization Expense Year Four
IncreaseInAmortizationExpenseYearFour
101951000 USD
wpc Increase In Amortization Expense Year Three
IncreaseInAmortizationExpenseYearThree
105983000 USD
wpc Increase In Amortization Expense Year Two
IncreaseInAmortizationExpenseYearTwo
125920000 USD
CY2013Q4 wpc Indefinite Lived Intangible Asset
IndefiniteLivedIntangibleAsset
354183000 USD
CY2013Q4 wpc Intangible Assets Gross Including Goodwill
IntangibleAssetsGrossIncludingGoodwill
1244705000 USD
CY2014Q2 wpc Intangible Liabilities Gross
IntangibleLiabilitiesGross
199050000 USD
CY2013Q4 wpc Intangible Liabilities Gross
IntangibleLiabilitiesGross
140546000 USD
CY2013Q4 wpc Intangible Liabilities Net
IntangibleLiabilitiesNet
128202000 USD
CY2014Q2 wpc Intangible Liabilities Net
IntangibleLiabilitiesNet
180364000 USD
CY2014Q2 wpc Long Term Debt Before Unamortized Discount
LongTermDebtBeforeUnamortizedDiscount
3795880000 USD
wpc Management Income Received In Shares Of Affiliates
ManagementIncomeReceivedInSharesOfAffiliates
20215000 USD
wpc Management Income Received In Shares Of Affiliates
ManagementIncomeReceivedInSharesOfAffiliates
18045000 USD
wpc Net Decrease In Rental Income
NetDecreaseInRentalIncome
-419593000 USD
wpc Net Decrease In Rental Revenue Next Twelve Months
NetDecreaseInRentalRevenueNextTwelveMonths
-29035000 USD
CY2013 wpc Net Income Loss Including Portion Attributable To Redeemable Noncontrolling Interest
NetIncomeLossIncludingPortionAttributableToRedeemableNoncontrollingInterest
131812000 USD
wpc Net Income Loss Including Portion Attributable To Redeemable Noncontrolling Interest
NetIncomeLossIncludingPortionAttributableToRedeemableNoncontrollingInterest
182836000 USD
wpc Net Transfers To Noncontrolling Interest
NetTransfersToNoncontrollingInterest
0 USD
wpc Net Transfers To Noncontrolling Interest
NetTransfersToNoncontrollingInterest
-41374000 USD
CY2014Q2 wpc Number Of Tenants
NumberOfTenants
216 tenant
wpc Occupancy Rate
OccupancyRate
0.985
CY2013Q4 wpc Organization And Offering Costs Receivable
OrganizationAndOfferingCostsReceivable
2700000 USD
CY2014Q2 wpc Organization And Offering Costs Receivable
OrganizationAndOfferingCostsReceivable
1926000 USD
wpc Other Comprehensive Income Loss Unrealized Gain Loss On Derivatives Arising During Period Including Portion Attributable To Noncontrolling Interest And Redeemable Noncontrolling Interest Net Of Tax
OtherComprehensiveIncomeLossUnrealizedGainLossOnDerivativesArisingDuringPeriodIncludingPortionAttributableToNoncontrollingInterestAndRedeemableNoncontrollingInterestNetOfTax
-4564000 USD
CY2013 wpc Other Comprehensive Income Loss Unrealized Gain Loss On Derivatives Arising During Period Including Portion Attributable To Noncontrolling Interest And Redeemable Noncontrolling Interest Net Of Tax
OtherComprehensiveIncomeLossUnrealizedGainLossOnDerivativesArisingDuringPeriodIncludingPortionAttributableToNoncontrollingInterestAndRedeemableNoncontrollingInterestNetOfTax
20000 USD
CY2013 wpc Other Comprehensive Income Loss Unrealized Gain Loss On Derivatives Arising During Period Including Portion Attributable To Noncontrolling Interest Redeemable Noncontrolling Interest Net Of Tax
OtherComprehensiveIncomeLossUnrealizedGainLossOnDerivativesArisingDuringPeriodIncludingPortionAttributableToNoncontrollingInterestRedeemableNoncontrollingInterestNetOfTax
21848000 USD
wpc Other Comprehensive Income Loss Unrealized Gain Loss On Derivatives Arising During Period Including Portion Attributable To Noncontrolling Interest Redeemable Noncontrolling Interest Net Of Tax
OtherComprehensiveIncomeLossUnrealizedGainLossOnDerivativesArisingDuringPeriodIncludingPortionAttributableToNoncontrollingInterestRedeemableNoncontrollingInterestNetOfTax
2983000 USD
wpc Other Comprehensive Income Lossunrealizedholding Gain Loss On Securities Arising During Period Including Portion Attributable To Redeemable Noncontrolling Interest Net Of Tax
OtherComprehensiveIncomeLossunrealizedholdingGainLossOnSecuritiesArisingDuringPeriodIncludingPortionAttributableToRedeemableNoncontrollingInterestNetOfTax
12000 USD
CY2014Q1 wpc Per Share Closing Price
PerShareClosingPrice
59.08
wpc Percentage Of Available Cash Distribution To Advisor
PercentageOfAvailableCashDistributionToAdvisor
0.1
wpc Pre Tax Income From Taxable Subsidiaries
PreTaxIncomeFromTaxableSubsidiaries
8894000 USD
wpc Pre Tax Income From Taxable Subsidiaries
PreTaxIncomeFromTaxableSubsidiaries
-8493000 USD
wpc Prepayment Of Mortgage Principal
PrepaymentOfMortgagePrincipal
201820000 USD
wpc Prepayment Of Mortgage Principal
PrepaymentOfMortgagePrincipal
40492000 USD
wpc Pretax Income From Passthrough Subsidiaries
PretaxIncomeFromPassthroughSubsidiaries
62144000 USD
wpc Pretax Income From Passthrough Subsidiaries
PretaxIncomeFromPassthroughSubsidiaries
151203000 USD
wpc Properties Soldor Reclassified During The Period
PropertiesSoldorReclassifiedDuringThePeriod
23 property
CY2014Q2 wpc Real Estate Revenueand Other
RealEstateRevenueandOther
176734000 USD
CY2013Q2 wpc Real Estate Revenueand Other
RealEstateRevenueandOther
77657000 USD
wpc Real Estate Revenueand Other
RealEstateRevenueandOther
154141000 USD
wpc Real Estate Revenueand Other
RealEstateRevenueandOther
311806000 USD
CY2013 wpc Reclassification Of Estate Shareholder Shares
ReclassificationOfEstateShareholderShares
40000000 USD
wpc Reclassification Of Redeemable Noncontrolling Interest
ReclassificationOfRedeemableNoncontrollingInterest
40000000 USD
wpc Reclassification Of Redeemable Noncontrolling Interest
ReclassificationOfRedeemableNoncontrollingInterest
0 USD
wpc Related Party Reimbursement Revenue
RelatedPartyReimbursementRevenue
27435000 USD
CY2014Q2 wpc Related Party Reimbursement Revenue
RelatedPartyReimbursementRevenue
41925000 USD
wpc Related Party Reimbursement Revenue
RelatedPartyReimbursementRevenue
81657000 USD
CY2013Q2 wpc Related Party Reimbursement Revenue
RelatedPartyReimbursementRevenue
15467000 USD
CY2013Q4 wpc Related Party Reimbursement Revenue Receivable
RelatedPartyReimbursementRevenueReceivable
334000 USD
CY2014Q2 wpc Related Party Reimbursement Revenue Receivable
RelatedPartyReimbursementRevenueReceivable
1208000 USD
wpc Repayment Of Tenant Security Deposits
RepaymentOfTenantSecurityDeposits
463000 USD
wpc Repayment Of Tenant Security Deposits
RepaymentOfTenantSecurityDeposits
588000 USD
wpc Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate Peer Index
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRatePeerIndex
0.2177
wpc Straight Line Rent Adjustments And Amortization Of Rent Related Intangibles
StraightLineRentAdjustmentsAndAmortizationOfRentRelatedIntangibles
-9646000 USD
wpc Straight Line Rent Adjustments And Amortization Of Rent Related Intangibles
StraightLineRentAdjustmentsAndAmortizationOfRentRelatedIntangibles
-23350000 USD
CY2013Q2 wpc Structuring Revenue
StructuringRevenue
6422000 USD
CY2014Q2 wpc Structuring Revenue
StructuringRevenue
17254000 USD
wpc Structuring Revenue
StructuringRevenue
12764000 USD
wpc Structuring Revenue
StructuringRevenue
35005000 USD
wpc Tax Provision Taxable Subsidiaries
TaxProvisionTaxableSubsidiaries
11214000 USD
wpc Tax Provision Taxable Subsidiaries
TaxProvisionTaxableSubsidiaries
-4128000 USD
CY2014Q2 wpc Tenancy In Common
TenancyInCommon
6 investment
wpc Variable Interest Entities Acquired
VariableInterestEntitiesAcquired
12 entity
wpc Wholesaling Revenue
WholesalingRevenue
14626000 USD
CY2014Q2 wpc Wholesaling Revenue
WholesalingRevenue
7949000 USD
CY2013Q2 wpc Wholesaling Revenue
WholesalingRevenue
2320000 USD
wpc Wholesaling Revenue
WholesalingRevenue
3542000 USD
dei Amendment Flag
AmendmentFlag
false
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q2
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2014
dei Document Period End Date
DocumentPeriodEndDate
2014-06-30
dei Document Type
DocumentType
10-Q
dei Entity Central Index Key
EntityCentralIndexKey
0001025378
CY2014Q3 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
99409854 shares
dei Entity Current Reporting Status
EntityCurrentReportingStatus
No
dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
dei Entity Registrant Name
EntityRegistrantName
W. P. Carey Inc.
dei Entity Voluntary Filers
EntityVoluntaryFilers
No
dei Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
Yes

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