2014 Q4 Form 10-Q Financial Statement

#000102537814000045 Filed on November 06, 2014

View on sec.gov

Income Statement

Concept 2014 Q4 2014 Q3 2013 Q3
Revenue $248.8M $197.0M $132.6M
YoY Change 79.0% 48.58% 103.1%
Cost Of Revenue $57.20M $35.60M $33.90M
YoY Change 69.23% 5.01% 54.79%
Gross Profit $191.1M $161.4M $98.70M
YoY Change 81.65% 63.53% 108.67%
Gross Profit Margin 76.8% 81.93% 74.44%
Selling, General & Admin $37.60M $28.20M $23.60M
YoY Change 19.37% 19.49% -18.34%
% of Gross Profit 19.68% 17.47% 23.91%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $73.30M $72.70M $50.70M
YoY Change 69.68% 43.39% 585.14%
% of Gross Profit 38.36% 45.04% 51.37%
Operating Expenses $99.10M $87.80M $54.10M
YoY Change 55.57% 62.29% 47.41%
Operating Profit $92.00M $73.60M $44.60M
YoY Change 121.69% 65.02% 320.75%
Interest Expense -$34.70M $46.53M $26.26M
YoY Change 35.02% 77.19% 234.76%
% of Operating Profit -37.72% 63.23% 58.88%
Other Income/Expense, Net -$1.600M -$40.07M -$14.30M
YoY Change -159.26% 180.1% -159.15%
Pretax Income $35.90M $28.77M $26.66M
YoY Change 229.36% 7.89% 196.03%
Income Tax $6.400M $901.0K $5.391M
% Of Pretax Income 17.83% 3.13% 20.22%
Net Earnings $32.27M $27.34M $18.51M
YoY Change 40.18% 47.72% 615.07%
Net Earnings / Revenue 12.97% 13.88% 13.96%
Basic Earnings Per Share $0.31 $0.27 $0.27
Diluted Earnings Per Share $0.30 $0.27 $0.27
COMMON SHARES
Basic Shares Outstanding 104.0M shares 100.3M shares 68.40M shares
Diluted Shares Outstanding 101.1M shares 69.40M shares

Balance Sheet

Concept 2014 Q4 2014 Q3 2013 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $199.0M $530.0M $94.00M
YoY Change 68.64% 463.83% -60.34%
Cash & Equivalents $198.7M $530.3M $93.62M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $233.0M $556.0M $136.0M
YoY Change 55.33% 308.82% -49.06%
LONG-TERM ASSETS
Property, Plant & Equipment $4.833B $4.413B $2.429B
YoY Change 105.4% 81.68% 3.58%
Goodwill $692.4M $702.8M $328.0M
YoY Change 97.72% 114.28% -3.13%
Intangibles
YoY Change
Long-Term Investments $249.4M $218.1M $558.0M
YoY Change -52.94% -60.91% -2.99%
Other Assets $7.000M $0.00 $18.00M
YoY Change -91.95% -100.0%
Total Long-Term Assets $8.415B $7.945B $4.590B
YoY Change 85.82% 73.09% 1.66%
TOTAL ASSETS
Total Short-Term Assets $233.0M $556.0M $136.0M
Total Long-Term Assets $8.415B $7.945B $4.590B
Total Assets $8.648B $8.501B $4.726B
YoY Change 84.84% 79.87% -1.17%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $294.0M $280.0M $282.0M
YoY Change 102.76% -0.71% 2.17%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $394.0M $379.0M $353.0M
YoY Change 84.98% 7.37% 1.73%
LONG-TERM LIABILITIES
Long-Term Debt $4.089B $3.819B $2.176B
YoY Change 97.82% 75.51% 1.87%
Other Long-Term Liabilities $175.0M $193.0M
YoY Change 16.67%
Total Long-Term Liabilities $4.264B $4.012B $2.176B
YoY Change 92.33% 84.38% 1.87%
TOTAL LIABILITIES
Total Short-Term Liabilities $394.0M $379.0M $353.0M
Total Long-Term Liabilities $4.264B $4.012B $2.176B
Total Liabilities $4.752B $4.487B $2.529B
YoY Change 92.47% 77.45% 1.87%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock $104.0K $105.0K $69.00K
YoY Change 50.72% 52.17%
Preferred Stock
YoY Change
Treasury Stock (at cost) $60.95M $60.95M $60.27M
YoY Change 1.12% 1.12% 141.08%
Treasury Stock Shares 1.044M shares 1.044M shares
Shareholders Equity $3.751B $3.863B $1.929B
YoY Change
Total Liabilities & Shareholders Equity $8.648B $8.501B $4.726B
YoY Change 84.84% 79.87% -1.17%

Cashflow Statement

Concept 2014 Q4 2014 Q3 2013 Q3
OPERATING ACTIVITIES
Net Income $32.27M $27.34M $18.51M
YoY Change 40.18% 47.72% 615.07%
Depreciation, Depletion And Amortization $73.30M $72.70M $50.70M
YoY Change 69.68% 43.39% 585.14%
Cash From Operating Activities $121.9M $108.6M $74.80M
YoY Change 97.89% 45.19% 275.88%
INVESTING ACTIVITIES
Capital Expenditures -$668.5M -$172.5M -$70.10M
YoY Change 3259.3% 146.08% 1744.74%
Acquisitions
YoY Change
Other Investing Activities -$17.80M $87.00M $9.500M
YoY Change -110.3% 815.79% -78.89%
Cash From Investing Activities -$686.3M -$85.50M -$60.70M
YoY Change -548.86% 40.86% -247.33%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 244.0M 302.0M 14.40M
YoY Change -227.35% 1997.22% -89.39%
NET CHANGE
Cash From Operating Activities 121.9M 108.6M 74.80M
Cash From Investing Activities -686.3M -85.50M -60.70M
Cash From Financing Activities 244.0M 302.0M 14.40M
Net Change In Cash -320.4M 325.1M 28.50M
YoY Change -1499.13% 1040.7% -85.52%
FREE CASH FLOW
Cash From Operating Activities $121.9M $108.6M $74.80M
Capital Expenditures -$668.5M -$172.5M -$70.10M
Free Cash Flow $790.4M $281.1M $144.9M
YoY Change 869.82% 94.0% 511.39%

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DescriptionOfNewAccountingPronouncementsNotYetAdopted
<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%;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;">ASU 2014-12, Compensation &#8212; Stock Compensation (Topic 718). </font><font style="font-family:inherit;font-size:10pt;">ASU 2014-12 provides guidance on share-based payment awards, in which a performance target that affects vesting and that could be achieved after the requisite vesting period be treated as a performance condition. ASU 2014-12 is effective for periods beginning after December&#160;15, 2015 and early adoption is permitted. We are currently evaluating the impact of ASU 2014-12 on our consolidated financial statements.</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 lease 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 beginning 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 pre-tax 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="#sA98BB2E41C85904D6FDBD09190C55ACF"><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 net with 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
1.01
CY2014Q3 us-gaap Diluted Earnings Per Share Pro Forma
DilutedEarningsPerShareProForma
0.26
us-gaap Diluted Earnings Per Share Pro Forma
DilutedEarningsPerShareProForma
1.36
CY2013Q3 us-gaap Diluted Earnings Per Share Pro Forma
DilutedEarningsPerShareProForma
0.25
us-gaap Dilutive Securities
DilutiveSecurities
74000 USD
CY2014Q3 us-gaap Dilutive Securities
DilutiveSecurities
-8000 USD
CY2013Q3 us-gaap Dilutive Securities
DilutiveSecurities
128000 USD
us-gaap Dilutive Securities
DilutiveSecurities
77000 USD
CY2013Q3 us-gaap Discontinued Operation Gain Loss On Disposal Of Discontinued Operation Net Of Tax
DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax
239000 USD
us-gaap Discontinued Operation Gain Loss On Disposal Of Discontinued Operation Net Of Tax
DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax
622000 USD
CY2014Q3 us-gaap Discontinued Operation Gain Loss On Disposal Of Discontinued Operation Net Of Tax
DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax
0 USD
us-gaap Discontinued Operation Gain Loss On Disposal Of Discontinued Operation Net Of Tax
DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax
27672000 USD
us-gaap Disposal Group Including Discontinued Operation Operating Expense
DisposalGroupIncludingDiscontinuedOperationOperatingExpense
17382000 USD
CY2014Q3 us-gaap Disposal Group Including Discontinued Operation Operating Expense
DisposalGroupIncludingDiscontinuedOperationOperatingExpense
142000 USD
CY2013Q3 us-gaap Disposal Group Including Discontinued Operation Operating Expense
DisposalGroupIncludingDiscontinuedOperationOperatingExpense
5391000 USD
CY2013Q3 us-gaap Disposal Group Including Discontinued Operation Revenue
DisposalGroupIncludingDiscontinuedOperationRevenue
6946000 USD
CY2014Q3 us-gaap Disposal Group Including Discontinued Operation Revenue
DisposalGroupIncludingDiscontinuedOperationRevenue
377000 USD
us-gaap Disposal Group Including Discontinued Operation Revenue
DisposalGroupIncludingDiscontinuedOperationRevenue
8586000 USD
us-gaap Disposal Group Including Discontinued Operation Revenue
DisposalGroupIncludingDiscontinuedOperationRevenue
25094000 USD
us-gaap Dividend Payable Date To Be Paid Day Month And Year
DividendPayableDateToBePaidDayMonthAndYear
2014-10-15
us-gaap Dividends
Dividends
279770000 USD
CY2013 us-gaap Dividends
Dividends
244734000 USD
CY2014Q3 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
98996000 USD
CY2013Q4 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
67746000 USD
CY2014Q3 us-gaap Due From Affiliates
DueFromAffiliates
26075000 USD
CY2013Q4 us-gaap Due From Affiliates
DueFromAffiliates
32034000 USD
CY2014Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.27
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.12
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.10
CY2013Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.27
CY2014Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.27
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.10
CY2013Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.27
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.08
us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
1627000 USD
us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
-9617000 USD
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
1.511
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.477
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
0.681
us-gaap Effective Income Tax Rate Reconciliation Disposition Of Assets
EffectiveIncomeTaxRateReconciliationDispositionOfAssets
0.000
us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Amortization
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseAmortization
0.000
us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Amortization
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseAmortization
0.002
us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Other
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseOther
0.127
us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Other
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseOther
0.020
us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.109
us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.109
CY2014Q3 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
31400000 USD
us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P1Y8M1D
us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
17300000 USD
us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
16000000 USD
CY2013Q3 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
0 USD
CY2014Q3 us-gaap Equity Method Investments
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218103000 USD
CY2013Q4 us-gaap Equity Method Investments
EquityMethodInvestments
530020000 USD
us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
5449000 USD
us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
11614000 USD
us-gaap Extinguishment Of Debt Gain Loss Net Of Tax
ExtinguishmentOfDebtGainLossNetOfTax
410000 USD
us-gaap Extinguishment Of Debt Gain Loss Net Of Tax
ExtinguishmentOfDebtGainLossNetOfTax
-36000 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 September 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 third quarter of 2014.
CY2013Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
168840000 USD
CY2014Q3 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
302413000 USD
CY2014Q3 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
688800000 USD
CY2014Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
41895000 USD
CY2014Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
146099000 USD
CY2014Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
152750000 USD
CY2014Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
160033000 USD
CY2014Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
165971000 USD
us-gaap Finitelived Intangible Assets Acquired1
FinitelivedIntangibleAssetsAcquired1
1006519000 USD
us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
5608000 USD
us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-3128000 USD
us-gaap Gain Loss On Sale Of Properties
GainLossOnSaleOfProperties
290000 USD
us-gaap Gain Loss On Sale Of Properties
GainLossOnSaleOfProperties
24188000 USD
us-gaap Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
-3482000 USD
CY2014Q3 us-gaap Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
260000 USD
CY2013Q3 us-gaap Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
0 USD
us-gaap Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
-332000 USD
CY2013Q3 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
15739000 USD
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
62066000 USD
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
47336000 USD
CY2014Q3 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
20261000 USD
CY2014Q3 us-gaap Goodwill
Goodwill
702791000 USD
CY2013Q4 us-gaap Goodwill
Goodwill
350208000 USD
us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
348876000 USD
us-gaap Goodwill Subsequent Recognition Of Deferred Tax Asset
GoodwillSubsequentRecognitionOfDeferredTaxAsset
-14137000 USD
us-gaap Goodwill Translation Adjustments
GoodwillTranslationAdjustments
-7687000 USD
us-gaap Goodwill Written Off Related To Sale Of Business Unit
GoodwillWrittenOffRelatedToSaleOfBusinessUnit
2743000 USD
CY2013Q3 us-gaap Impairment Of Long Lived Assets To Be Disposed Of
ImpairmentOfLongLivedAssetsToBeDisposedOf
1416000 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
6366000 USD
CY2014Q3 us-gaap Impairment Of Long Lived Assets To Be Disposed Of
ImpairmentOfLongLivedAssetsToBeDisposedOf
0 USD
us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
0 USD
us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
6291000 USD
CY2014Q3 us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
4225000 USD
CY2013Q3 us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
0 USD
CY2014Q3 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
27107000 USD
us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
74809000 USD
us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
173016000 USD
CY2013Q3 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
18541000 USD
CY2014Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
28722000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
192897000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
84621000 USD
CY2013Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
26663000 USD
CY2013Q3 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
21272000 USD
us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
1.78
CY2014Q3 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
27821000 USD
us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
81571000 USD
us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
181722000 USD
us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
1.08
CY2013Q3 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
0.27
CY2014Q3 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
0.27
CY2014Q3 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.27
us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
1.76
us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
1.06
CY2013Q3 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.27
CY2013Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
378000 USD
us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
33063000 USD
us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
2066000 USD
CY2014Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
235000 USD
us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Noncontrolling Interest
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToNoncontrollingInterest
-1021000 USD
CY2014Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Noncontrolling Interest
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToNoncontrollingInterest
-5000 USD
CY2013Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Noncontrolling Interest
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToNoncontrollingInterest
-413000 USD
us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Noncontrolling Interest
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToNoncontrollingInterest
173000 USD
us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
1045000 USD
us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
33236000 USD
CY2014Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
230000 USD
CY2013Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
-35000 USD
us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
0.34
CY2014Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
0.00
CY2013Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
0.00
us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
0.02
us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
0.02
us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
0.34
CY2013Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
0.00
CY2014Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
0.00
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
35324000 USD
CY2014Q3 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
11610000 USD
CY2013Q3 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
9180000 USD
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
52377000 USD
us-gaap Income Loss From Equity Method Investments Net Of Dividends Or Distributions
IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions
1915000 USD
us-gaap Income Loss From Equity Method Investments Net Of Dividends Or Distributions
IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions
22138000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
11175000 USD
CY2013Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
5391000 USD
CY2014Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
901000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
3050000 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
2490000 USD
us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
-3604000 USD
us-gaap Income Tax Reconciliation Nondeductible Expense Amortization
IncomeTaxReconciliationNondeductibleExpenseAmortization
23000 USD
us-gaap Income Tax Reconciliation Nondeductible Expense Amortization
IncomeTaxReconciliationNondeductibleExpenseAmortization
0 USD
us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
904000 USD
us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
-209000 USD
us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
775000 USD
us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
-1122000 USD
us-gaap Increase Decrease In Income Taxes
IncreaseDecreaseInIncomeTaxes
-14207000 USD
us-gaap Increase Decrease In Income Taxes
IncreaseDecreaseInIncomeTaxes
-13673000 USD
us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
-5986000 USD
us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
466000 USD
us-gaap Increase Decrease In Prepaid Taxes
IncreaseDecreaseInPrepaidTaxes
9257000 USD
us-gaap Increase Decrease In Prepaid Taxes
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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;">September&#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, a publicly-owned, non-listed REIT that invests in lodging and lodging-related properties, which is referred to as, 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.</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="#sF9F88319C171B7B98851D0918E49EE95"><font style="font-family:inherit;font-size:10pt;">Note 3</font></a><font style="font-family:inherit;font-size:10pt;">). In September 2014, we completed a public offering of </font><font style="font-family:inherit;font-size:10pt;">4,600,000</font><font style="font-family:inherit;font-size:10pt;"> shares of our common stock, </font><font style="font-family:inherit;font-size:10pt;">$0.001</font><font style="font-family:inherit;font-size:10pt;"> par value per share, at a price of </font><font style="font-family:inherit;font-size:10pt;">$64.00</font><font style="font-family:inherit;font-size:10pt;"> per share (</font><a style="font-family:inherit;font-size:10pt;" href="#sD92EB0CB4909556E5EABD091903002F2"><font style="font-family:inherit;font-size:10pt;">Note 13</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;">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., the European Union and Asia 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="#s15731C96C949FF45F31AD0918ED53F2D"><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="#s0639B27EBFBF1EA9D57DD0918E8A59A2"><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;">September&#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;">688</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;">215</font><font style="font-family:inherit;font-size:10pt;"> tenants, with an occupancy rate of </font><font style="font-family:inherit;font-size:10pt;">98.1%</font><font style="font-family:inherit;font-size:10pt;">, and totaled approximately </font><font style="font-family:inherit;font-size:10pt;">80.8 million</font><font style="font-family:inherit;font-size:10pt;"> square feet. Collectively, at </font><font style="font-family:inherit;font-size:10pt;">September&#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;">384</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;">40.9 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;">150</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;">99.9%</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;">105</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;">11.0 million</font><font style="font-family:inherit;font-size:10pt;"> square feet at </font><font style="font-family:inherit;font-size:10pt;">September&#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. These new funds could invest primarily in assets other than net-lease real estate and could include funds raised through publicly traded vehicles, either in the U.S. or internationally.</font></div></div>
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7530000 USD
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3700000 USD
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248000 USD
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706000 USD
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21580000 USD
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15841000 USD
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236000 USD
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360000 USD
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1319000 USD
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1633000 USD
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218000 USD
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5000 USD
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40000000 USD
us-gaap Payments For Repurchase Of Common Stock
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700000 USD
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40000000 USD
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20427000 USD
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2202000 USD
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1945000 USD
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7664000 USD
us-gaap Payments To Acquire Marketable Securities
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us-gaap Payments To Acquire Real Estate
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246593000 USD
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27714000 USD
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10164000 USD
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CY2014Q3 us-gaap Preferred Stock Shares Authorized
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CY2014Q3 us-gaap Preferred Stock Value
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us-gaap Pro Forma Weighted Average Shares Outstanding Diluted
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100576198 shares
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10057000 USD
us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
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32982000 USD
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0 USD
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113000000 USD
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12330000 USD
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1220000 USD
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1970000 USD
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498195000 USD
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0 USD
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379000 USD
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65145000 USD
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2830000 USD
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502000 USD
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56495000 USD
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281164000 USD
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1285286000 USD
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585000000 USD
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21650000 USD
us-gaap Profit Loss
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211303000 USD
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243639000 USD
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168958000 USD
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5469846000 USD
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3333654000 USD
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6024000 USD
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420563000 USD
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149243000 USD
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CY2013Q3 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
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9781000 USD
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11000000 USD
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657861000 USD
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0
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CY2013 us-gaap Stock Repurchased During Period Value
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0 USD
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CY2013Q3 us-gaap Temporary Equity Carrying Amount Including Portion Attributable To Noncontrolling Interests
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0 USD
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40000000 USD
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570000 USD
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139000 USD
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113000 USD
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1600000 USD
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us-gaap Weighted Average Basic Shares Outstanding Pro Forma
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1127056 shares
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848366 shares
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1038306 shares
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us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2014Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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us-gaap Weighted Average Number Of Diluted Shares Outstanding
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us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2014Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
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us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2013Q4 wpc Accounts Receivable Billed Under Direct Financing Leases
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100000 USD
CY2014Q3 wpc Accounts Receivable Billed Under Direct Financing Leases
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1700000 USD
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63377000 USD
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381000 USD
wpc Advisory Expense
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2537000 USD
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2850000 USD
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867000 USD
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23259000 USD
CY2014Q3 wpc Affiliates Reimbursement Revenue
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14722000 USD
wpc Affiliates Reimbursement Revenue
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50714000 USD
CY2014Q3 wpc Asset Management Fees Receivable
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0 USD
CY2013Q4 wpc Asset Management Fees Receivable
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1451000 USD
wpc Business Acquisitions Pro Forma Net Income Loss From Continuing Operations
BusinessAcquisitionsProFormaNetIncomeLossFromContinuingOperations
102449000 USD
CY2014Q3 wpc Business Acquisitions Pro Forma Net Income Loss From Continuing Operations
BusinessAcquisitionsProFormaNetIncomeLossFromContinuingOperations
27107000 USD
wpc Business Acquisitions Pro Forma Net Income Loss From Continuing Operations
BusinessAcquisitionsProFormaNetIncomeLossFromContinuingOperations
137797000 USD
CY2013Q3 wpc Business Acquisitions Pro Forma Net Income Loss From Continuing Operations
BusinessAcquisitionsProFormaNetIncomeLossFromContinuingOperations
25031000 USD
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137000 USD
CY2014Q3 wpc Business Acquisitions Pro Forma Net Income Loss From Continuing Operations Attributable To Redeemable Noncontrolling Interest
BusinessAcquisitionsProFormaNetIncomeLossFromContinuingOperationsAttributableToRedeemableNoncontrollingInterest
-14000 USD
wpc Business Acquisitions Pro Forma Net Income Loss From Continuing Operations Attributable To Redeemable Noncontrolling Interest
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CY2013Q3 wpc Business Acquisitions Pro Forma Net Income Loss From Continuing Operations Attributable To Redeemable Noncontrolling Interest
BusinessAcquisitionsProFormaNetIncomeLossFromContinuingOperationsAttributableToRedeemableNoncontrollingInterest
726000 USD
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BusinessAcquisitionsProFormaNetIncomeLossFromContinuingOperationsAttributabletoNoncontrollingInterests
3909000 USD
CY2014Q3 wpc Business Acquisitions Pro Forma Net Income Loss From Continuing Operations Attributableto Noncontrolling Interests
BusinessAcquisitionsProFormaNetIncomeLossFromContinuingOperationsAttributabletoNoncontrollingInterests
993000 USD
wpc Business Acquisitions Pro Forma Net Income Loss From Continuing Operations Attributableto Noncontrolling Interests
BusinessAcquisitionsProFormaNetIncomeLossFromContinuingOperationsAttributabletoNoncontrollingInterests
5225000 USD
CY2013Q3 wpc Business Acquisitions Pro Forma Net Income Loss From Continuing Operations Attributableto Noncontrolling Interests
BusinessAcquisitionsProFormaNetIncomeLossFromContinuingOperationsAttributabletoNoncontrollingInterests
2689000 USD
wpc Business Acquisitions Pro Forma Net Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interests
BusinessAcquisitionsProFormaNetIncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterests
106495000 USD
CY2013Q3 wpc Business Acquisitions Pro Forma Net Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interests
BusinessAcquisitionsProFormaNetIncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterests
28446000 USD
CY2014Q3 wpc Business Acquisitions Pro Forma Net Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interests
BusinessAcquisitionsProFormaNetIncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterests
28086000 USD
wpc Business Acquisitions Pro Forma Net Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interests
BusinessAcquisitionsProFormaNetIncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterests
142146000 USD
CY2014Q3 wpc Capital Leases Net Investment In Direct Financing Leases Excluding Unearned Income
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1793170000 USD
CY2013Q4 wpc Capital Leases Net Investment In Direct Financing Leases Excluding Unearned Income
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830085000 USD
CY2013Q4 wpc Carrying Value Of Collateral Mortgage Loans
CarryingValueOfCollateralMortgageLoans
1900000000 USD
CY2014Q3 wpc Carrying Value Of Collateral Mortgage Loans
CarryingValueOfCollateralMortgageLoans
3500000000 USD
wpc Change From Net Income To Transfers To Noncontrolling Interest
ChangeFromNetIncomeToTransfersToNoncontrollingInterest
164878000 USD
wpc Change From Net Income To Transfers To Noncontrolling Interest
ChangeFromNetIncomeToTransfersToNoncontrollingInterest
75854000 USD
CY2013Q2 wpc Common Stock Share Valueon Exercise Date
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64.83
wpc Comprehensive Income Attributable To Redeemable Noncontrolling Interests
ComprehensiveIncomeAttributableToRedeemableNoncontrollingInterests
142000 USD
CY2014Q3 wpc Comprehensive Income Attributable To Redeemable Noncontrolling Interests
ComprehensiveIncomeAttributableToRedeemableNoncontrollingInterests
18000 USD
CY2013Q3 wpc Comprehensive Income Attributable To Redeemable Noncontrolling Interests
ComprehensiveIncomeAttributableToRedeemableNoncontrollingInterests
253000 USD
wpc Comprehensive Income Attributable To Redeemable Noncontrolling Interests
ComprehensiveIncomeAttributableToRedeemableNoncontrollingInterests
139000 USD
CY2014Q3 wpc Credit Derivative Maximum Exposure Undiscounted Single Counterparty
CreditDerivativeMaximumExposureUndiscountedSingleCounterparty
1800000 USD
CY2014Q3 wpc Current Acquisition Fees Receivable
CurrentAcquisitionFeesReceivable
759000 USD
CY2013Q4 wpc Current Acquisition Fees Receivable
CurrentAcquisitionFeesReceivable
4149000 USD
wpc Dealer Manager Feesand Expenses
DealerManagerFeesandExpenses
9421000 USD
CY2014Q3 wpc Dealer Manager Feesand Expenses
DealerManagerFeesandExpenses
3847000 USD
CY2013Q3 wpc Dealer Manager Feesand Expenses
DealerManagerFeesandExpenses
4296000 USD
wpc Dealer Manager Feesand Expenses
DealerManagerFeesandExpenses
15557000 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
-176103000 USD
wpc Decrease In Rental Revenue Year Five
DecreaseInRentalRevenueYearFive
-46703000 USD
wpc Decrease In Rental Revenue Year Four
DecreaseInRentalRevenueYearFour
-50318000 USD
wpc Decrease In Rental Revenue Year Three
DecreaseInRentalRevenueYearThree
-53738000 USD
wpc Decrease In Rental Revenue Year Two
DecreaseInRentalRevenueYearTwo
-55529000 USD
wpc Deferred Acquisition Revenue Received
DeferredAcquisitionRevenueReceived
12693000 USD
wpc Deferred Acquisition Revenue Received
DeferredAcquisitionRevenueReceived
13496000 USD
CY2014Q3 wpc Deferred Compensation Shares
DeferredCompensationShares
889863 shares
CY2013Q3 wpc Deferred Revenue Recognized
DeferredRevenueRecognized
2123000 USD
CY2014Q3 wpc Deferred Revenue Recognized
DeferredRevenueRecognized
0 USD
wpc Deferred Revenue Recognized
DeferredRevenueRecognized
786000 USD
wpc Deferred Revenue Recognized
DeferredRevenueRecognized
6369000 USD
CY2013Q4 wpc Deferredacquisitionfeesreceivable
Deferredacquisitionfeesreceivable
19684000 USD
CY2014Q3 wpc Deferredacquisitionfeesreceivable
Deferredacquisitionfeesreceivable
19585000 USD
wpc Discontinued Operation Gains Losseson Extinguishmentof Debt Netof Tax
DiscontinuedOperationGainsLossesonExtinguishmentofDebtNetofTax
98000 USD
CY2013Q3 wpc Discontinued Operation Gains Losseson Extinguishmentof Debt Netof Tax
DiscontinuedOperationGainsLossesonExtinguishmentofDebtNetofTax
0 USD
CY2014Q3 wpc Discontinued Operation Gains Losseson Extinguishmentof Debt Netof Tax
DiscontinuedOperationGainsLossesonExtinguishmentofDebtNetofTax
0 USD
wpc Discontinued Operation Gains Losseson Extinguishmentof Debt Netof Tax
DiscontinuedOperationGainsLossesonExtinguishmentofDebtNetofTax
-1267000 USD
CY2013Q3 wpc Distributionof Available Cash From Managed Reits
DistributionofAvailableCashFromManagedReits
7323000 USD
wpc Distributionof Available Cash From Managed Reits
DistributionofAvailableCashFromManagedReits
23574000 USD
wpc Distributionof Available Cash From Managed Reits
DistributionofAvailableCashFromManagedReits
23891000 USD
CY2014Q3 wpc Distributionof Available Cash From Managed Reits
DistributionofAvailableCashFromManagedReits
7893000 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
0.244
wpc Effective Income Tax Rate Reconciliation Nondeductible Expense Interest Percent
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseInterestPercent
0.000
CY2013Q4 wpc Finite Lived Intangible Asset Acquired In Place Leases Net
FiniteLivedIntangibleAssetAcquiredInPlaceLeasesNet
467127000 USD
CY2014Q3 wpc Finite Lived Intangible Asset Acquired In Place Leases Net
FiniteLivedIntangibleAssetAcquiredInPlaceLeasesNet
935008000 USD
CY2014Q3 wpc Finite Lived Intangible Asset Off Market Lease Favorable Net
FiniteLivedIntangibleAssetOffMarketLeaseFavorableNet
545462000 USD
CY2013Q4 wpc Finite Lived Intangible Asset Off Market Lease Favorable Net
FiniteLivedIntangibleAssetOffMarketLeaseFavorableNet
241975000 USD
CY2014Q3 wpc Finite Lived Intangible Assets Liabilities Net
FiniteLivedIntangibleAssetsLiabilitiesNet
1355548000 USD
CY2013Q4 wpc Finite Lived Intangible Liabilities Accumulated Amortization
FiniteLivedIntangibleLiabilitiesAccumulatedAmortization
12344000 USD
CY2014Q3 wpc Finite Lived Intangible Liabilities Accumulated Amortization
FiniteLivedIntangibleLiabilitiesAccumulatedAmortization
21845000 USD
CY2014Q3 wpc Finite Lived Intangible Liabilities Gross
FiniteLivedIntangibleLiabilitiesGross
183204000 USD
CY2013Q4 wpc Finite Lived Intangible Liabilities Gross
FiniteLivedIntangibleLiabilitiesGross
123835000 USD
CY2013Q4 wpc Finite Lived Intangible Liabilities Net
FiniteLivedIntangibleLiabilitiesNet
111491000 USD
CY2014Q3 wpc Finite Lived Intangible Liabilities Net
FiniteLivedIntangibleLiabilitiesNet
161359000 USD
CY2013Q4 wpc Foreign Currency Exchange Rate
ForeignCurrencyExchangeRate
1.3768
CY2014Q3 wpc Foreign Currency Exchange Rate
ForeignCurrencyExchangeRate
1.2687
wpc Foreign Currency Translation Adjustment Attributable To Noncontrolling Interest
ForeignCurrencyTranslationAdjustmentAttributableToNoncontrollingInterest
50000 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
CY2014Q3 wpc Gain On Change In Control Of Interests
GainOnChangeInControlOfInterests
0 USD
wpc Gain On Change In Control Of Interests
GainOnChangeInControlOfInterests
104645000 USD
CY2013Q3 wpc Gain On Change In Control Of Interests
GainOnChangeInControlOfInterests
0 USD
wpc Income From Continuing Operations Before Income Taxes
IncomeFromContinuingOperationsBeforeIncomeTaxes
77859000 USD
wpc Income From Continuing Operations Before Income Taxes
IncomeFromContinuingOperationsBeforeIncomeTaxes
184191000 USD
CY2014Q3 wpc Increase Decrease In Foreign Currency Exchange Rate
IncreaseDecreaseInForeignCurrencyExchangeRate
-0.079
wpc Increase Decrease In Structuring Revenue Receivable
IncreaseDecreaseInStructuringRevenueReceivable
3967000 USD
wpc Increase Decrease In Structuring Revenue Receivable
IncreaseDecreaseInStructuringRevenueReceivable
13398000 USD
wpc Increase In Amortization Expense Finite Lived Intangible Assets Liabilities
IncreaseInAmortizationExpenseFiniteLivedIntangibleAssetsLiabilities
959011000 USD
wpc Increase In Amortization Expense Next Twelve Months
IncreaseInAmortizationExpenseNextTwelveMonths
27749000 USD
wpc Increase In Amortization Expense Year After Year Five
IncreaseInAmortizationExpenseYearAfterYearFive
512697000 USD
wpc Increase In Amortization Expense Year Five
IncreaseInAmortizationExpenseYearFive
99396000 USD
wpc Increase In Amortization Expense Year Four
IncreaseInAmortizationExpenseYearFour
102432000 USD
wpc Increase In Amortization Expense Year Three
IncreaseInAmortizationExpenseYearThree
106295000 USD
wpc Increase In Amortization Expense Year Two
IncreaseInAmortizationExpenseYearTwo
110442000 USD
CY2013Q4 wpc Indefinite Lived Intangible Asset
IndefiniteLivedIntangibleAsset
354183000 USD
CY2014Q3 wpc Indefinite Lived Intangible Asset
IndefiniteLivedIntangibleAsset
706766000 USD
wpc Installment Periodfor Deferred Acquisition Fee Receivable
InstallmentPeriodforDeferredAcquisitionFeeReceivable
three years
CY2014Q3 wpc Intangible Assets Gross Including Goodwill
IntangibleAssetsGrossIncludingGoodwill
2526086000 USD
CY2013Q4 wpc Intangible Assets Gross Including Goodwill
IntangibleAssetsGrossIncludingGoodwill
1244705000 USD
CY2014Q3 wpc Intangible Liabilities Gross
IntangibleLiabilitiesGross
199915000 USD
wpc Net Transfers To Noncontrolling Interest
NetTransfersToNoncontrollingInterest
0 USD
CY2013Q4 wpc Intangible Liabilities Gross
IntangibleLiabilitiesGross
140546000 USD
CY2013Q4 wpc Intangible Liabilities Net
IntangibleLiabilitiesNet
128202000 USD
CY2014Q3 wpc Intangible Liabilities Net
IntangibleLiabilitiesNet
178070000 USD
CY2014Q3 wpc Long Term Debt Before Unamortized Discount
LongTermDebtBeforeUnamortizedDiscount
3815402000 USD
wpc Management Income Received In Shares Of Affiliates
ManagementIncomeReceivedInSharesOfAffiliates
26709000 USD
wpc Management Income Received In Shares Of Affiliates
ManagementIncomeReceivedInSharesOfAffiliates
27933000 USD
wpc Net Decrease In Rental Income
NetDecreaseInRentalIncome
-396537000 USD
wpc Net Decrease In Rental Revenue Next Twelve Months
NetDecreaseInRentalRevenueNextTwelveMonths
-14146000 USD
wpc Net Income Loss Including Portion Attributable To Redeemable Noncontrolling Interest
NetIncomeLossIncludingPortionAttributableToRedeemableNoncontrollingInterest
211166000 USD
CY2013 wpc Net Income Loss Including Portion Attributable To Redeemable Noncontrolling Interest
NetIncomeLossIncludingPortionAttributableToRedeemableNoncontrollingInterest
131812000 USD
wpc Net Transfers To Noncontrolling Interest
NetTransfersToNoncontrollingInterest
-41374000 USD
CY2014Q3 wpc Number Of Tenants
NumberOfTenants
215 tenant
wpc Occupancy Rate
OccupancyRate
0.981
CY2013Q4 wpc Organization And Offering Costs Receivable
OrganizationAndOfferingCostsReceivable
2700000 USD
CY2014Q3 wpc Organization And Offering Costs Receivable
OrganizationAndOfferingCostsReceivable
1785000 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
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
11587000 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
-52145000 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
7114000 USD
wpc Pre Tax Income From Taxable Subsidiaries
PreTaxIncomeFromTaxableSubsidiaries
-10296000 USD
wpc Prepayment Of Mortgage Principal
PrepaymentOfMortgagePrincipal
216065000 USD
wpc Prepayment Of Mortgage Principal
PrepaymentOfMortgagePrincipal
0 USD
wpc Pretax Income From Passthrough Subsidiaries
PretaxIncomeFromPassthroughSubsidiaries
177077000 USD
wpc Pretax Income From Passthrough Subsidiaries
PretaxIncomeFromPassthroughSubsidiaries
88155000 USD
wpc Properties Soldor Reclassified During The Period
PropertiesSoldorReclassifiedDuringThePeriod
20 property
CY2013Q3 wpc Real Estate Revenueand Other
RealEstateRevenueandOther
79810000 USD
CY2014Q3 wpc Real Estate Revenueand Other
RealEstateRevenueandOther
164212000 USD
wpc Real Estate Revenueand Other
RealEstateRevenueandOther
233951000 USD
wpc Real Estate Revenueand Other
RealEstateRevenueandOther
476018000 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
96379000 USD
CY2013Q3 wpc Related Party Reimbursement Revenue
RelatedPartyReimbursementRevenue
23259000 USD
wpc Related Party Reimbursement Revenue
RelatedPartyReimbursementRevenue
50694000 USD
CY2014Q3 wpc Related Party Reimbursement Revenue
RelatedPartyReimbursementRevenue
14722000 USD
CY2014Q3 wpc Related Party Reimbursement Revenue Receivable
RelatedPartyReimbursementRevenueReceivable
2084000 USD
CY2013Q4 wpc Related Party Reimbursement Revenue Receivable
RelatedPartyReimbursementRevenueReceivable
334000 USD
wpc Repayment Of Tenant Security Deposits
RepaymentOfTenantSecurityDeposits
589000 USD
wpc Repayment Of Tenant Security Deposits
RepaymentOfTenantSecurityDeposits
1054000 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
-15684000 USD
wpc Straight Line Rent Adjustments And Amortization Of Rent Related Intangibles
StraightLineRentAdjustmentsAndAmortizationOfRentRelatedIntangibles
-35229000 USD
CY2014Q3 wpc Structuring Revenue
StructuringRevenue
5487000 USD
wpc Structuring Revenue
StructuringRevenue
40492000 USD
CY2013Q3 wpc Structuring Revenue
StructuringRevenue
14775000 USD
wpc Structuring Revenue
StructuringRevenue
27539000 USD
wpc Tax Provision Taxable Subsidiaries
TaxProvisionTaxableSubsidiaries
-4912000 USD
wpc Tax Provision Taxable Subsidiaries
TaxProvisionTaxableSubsidiaries
10756000 USD
CY2014Q3 wpc Tenancy In Common
TenancyInCommon
6 investment
CY2014Q3 wpc Wholesaling Revenue
WholesalingRevenue
2436000 USD
CY2013Q3 wpc Wholesaling Revenue
WholesalingRevenue
3787000 USD
wpc Wholesaling Revenue
WholesalingRevenue
17062000 USD
wpc Wholesaling Revenue
WholesalingRevenue
7329000 USD
dei Amendment Flag
AmendmentFlag
false
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q3
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2014
dei Document Period End Date
DocumentPeriodEndDate
2014-09-30
dei Document Type
DocumentType
10-Q
dei Entity Central Index Key
EntityCentralIndexKey
0001025378
CY2014Q4 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
104015348 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

Files In Submission

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