2015 Q2 Form 10-Q Financial Statement

#000102537815000036 Filed on August 07, 2015

View on sec.gov

Income Statement

Concept 2015 Q2 2014 Q2
Revenue $238.1M $253.4M
YoY Change -6.05% 125.82%
Cost Of Revenue $31.30M $67.60M
YoY Change -53.7% 171.49%
Gross Profit $206.8M $185.8M
YoY Change 11.3% 112.83%
Gross Profit Margin 86.86% 73.32%
Selling, General & Admin $31.50M $27.10M
YoY Change 16.24% 17.83%
% of Gross Profit 15.23% 14.59%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $76.50M $79.20M
YoY Change -3.41% 133.63%
% of Gross Profit 36.99% 42.63%
Operating Expenses $96.60M $90.60M
YoY Change 6.62% 71.59%
Operating Profit $110.2M $95.20M
YoY Change 15.76% 175.94%
Interest Expense $47.69M $47.73M
YoY Change -0.08% 85.37%
% of Operating Profit 43.28% 50.14%
Other Income/Expense, Net -$25.78M -$39.66M
YoY Change -35.0% -529.16%
Pretax Income $81.92M $52.40M
YoY Change 56.35% 28.89%
Income Tax $15.01M $8.021M
% Of Pretax Income 18.32% 15.31%
Net Earnings $63.35M $64.74M
YoY Change -2.15% 49.97%
Net Earnings / Revenue 26.61% 25.55%
Basic Earnings Per Share $0.60 $0.64
Diluted Earnings Per Share $0.59 $0.64
COMMON SHARES
Basic Shares Outstanding 105.8M shares 100.2M shares
Diluted Shares Outstanding 106.3M shares 101.0M shares

Balance Sheet

Concept 2015 Q2 2014 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $234.0M $215.0M
YoY Change 8.84% 241.27%
Cash & Equivalents $233.6M $215.0M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $411.0M $255.0M
YoY Change 61.18% 177.17%
LONG-TERM ASSETS
Property, Plant & Equipment $5.057B $4.365B
YoY Change 15.85% 83.02%
Goodwill $687.1M $698.9M
YoY Change -1.69% 113.07%
Intangibles
YoY Change
Long-Term Investments $263.4M $211.2M
YoY Change 24.71% -62.24%
Other Assets $0.00 $0.00
YoY Change -100.0%
Total Long-Term Assets $8.557B $8.039B
YoY Change 6.44% 76.93%
TOTAL ASSETS
Total Short-Term Assets $411.0M $255.0M
Total Long-Term Assets $8.557B $8.039B
Total Assets $8.968B $8.294B
YoY Change 8.12% 78.92%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $313.0M $269.0M
YoY Change 16.36% -1.47%
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 $415.0M $360.0M
YoY Change 15.28% 4.65%
LONG-TERM LIABILITIES
Long-Term Debt $4.545B $3.798B
YoY Change 19.67% 83.39%
Other Long-Term Liabilities $172.0M $209.0M
YoY Change -17.7%
Total Long-Term Liabilities $4.717B $4.007B
YoY Change 17.72% 93.48%
TOTAL LIABILITIES
Total Short-Term Liabilities $415.0M $360.0M
Total Long-Term Liabilities $4.717B $4.007B
Total Liabilities $5.219B $4.456B
YoY Change 17.13% 84.49%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock $105.0K $100.0K
YoY Change 5.0% 44.93%
Preferred Stock
YoY Change
Treasury Stock (at cost) $60.95M $60.95M
YoY Change 0.0% 1.12%
Treasury Stock Shares 1.044M shares 1.044M shares
Shareholders Equity $3.599B $3.681B
YoY Change
Total Liabilities & Shareholders Equity $8.968B $8.294B
YoY Change 8.12% 78.92%

Cashflow Statement

Concept 2015 Q2 2014 Q2
OPERATING ACTIVITIES
Net Income $63.35M $64.74M
YoY Change -2.15% 49.97%
Depreciation, Depletion And Amortization $76.50M $79.20M
YoY Change -3.41% 133.63%
Cash From Operating Activities $135.2M $124.9M
YoY Change 8.25% 131.3%
INVESTING ACTIVITIES
Capital Expenditures -$64.60M -$55.30M
YoY Change 16.82% -52.49%
Acquisitions
YoY Change
Other Investing Activities -$93.00M $59.30M
YoY Change -256.83% 30.33%
Cash From Investing Activities -$157.5M $4.000M
YoY Change -4037.5% -105.64%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 43.90M -112.4M
YoY Change -139.06% 245.85%
NET CHANGE
Cash From Operating Activities 135.2M 124.9M
Cash From Investing Activities -157.5M 4.000M
Cash From Financing Activities 43.90M -112.4M
Net Change In Cash 21.60M 16.50M
YoY Change 30.91% -133.4%
FREE CASH FLOW
Cash From Operating Activities $135.2M $124.9M
Capital Expenditures -$64.60M -$55.30M
Free Cash Flow $199.8M $180.2M
YoY Change 10.88% 5.75%

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us-gaap Discontinued Operation Gain Loss On Disposal Of Discontinued Operation Net Of Tax
DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax
27674000 USD
CY2015Q2 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
0 USD
CY2014Q2 us-gaap Disposal Group Including Discontinued Operation Operating Expense
DisposalGroupIncludingDiscontinuedOperationOperatingExpense
707000 USD
us-gaap Disposal Group Including Discontinued Operation Operating Expense
DisposalGroupIncludingDiscontinuedOperationOperatingExpense
2161000 USD
CY2015Q2 us-gaap Disposal Group Including Discontinued Operation Operating Expense
DisposalGroupIncludingDiscontinuedOperationOperatingExpense
0 USD
us-gaap Disposal Group Including Discontinued Operation Operating Expense
DisposalGroupIncludingDiscontinuedOperationOperatingExpense
0 USD
CY2014Q2 us-gaap Disposal Group Including Discontinued Operation Revenue
DisposalGroupIncludingDiscontinuedOperationRevenue
2302000 USD
us-gaap Disposal Group Including Discontinued Operation Revenue
DisposalGroupIncludingDiscontinuedOperationRevenue
8586000 USD
CY2015Q2 us-gaap Disposal Group Including Discontinued Operation Revenue
DisposalGroupIncludingDiscontinuedOperationRevenue
0 USD
us-gaap Disposal Group Including Discontinued Operation Revenue
DisposalGroupIncludingDiscontinuedOperationRevenue
0 USD
CY2015Q1 us-gaap Dividend Payable Date To Be Paid Day Month And Year
DividendPayableDateToBePaidDayMonthAndYear
2015-07-15
us-gaap Dividends
Dividends
180777000 USD
us-gaap Dividends
Dividends
202362000 USD
CY2014Q4 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
100078000 USD
CY2015Q2 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
101517000 USD
CY2014Q4 us-gaap Due From Affiliates
DueFromAffiliates
34477000 USD
CY2015Q2 us-gaap Due From Affiliates
DueFromAffiliates
176796000 USD
CY2014Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.64
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.89
CY2015Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.60
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.94
CY2014Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.64
CY2015Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.59
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.93
us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
99000 USD
us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
-20865000 USD
CY2015Q2 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
30400000 USD
us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P1Y11M16D
CY2014Q4 us-gaap Equity Method Investments
EquityMethodInvestments
249403000 USD
CY2015Q2 us-gaap Equity Method Investments
EquityMethodInvestments
263418000 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
6524000 USD
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, 2015 and December 31, 2014, 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 2015.
CY2014Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
341672000 USD
CY2015Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
427078000 USD
CY2015Q2 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
647231000 USD
CY2015Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
83242000 USD
CY2015Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
135870000 USD
CY2015Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
145015000 USD
CY2015Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
157732000 USD
CY2015Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
164320000 USD
us-gaap Finitelived Intangible Assets Acquired1
FinitelivedIntangibleAssetsAcquired1
70841000 USD
CY2015Q2 us-gaap Foreign Currency Cash Flow Hedge Derivative At Fair Value Net
ForeignCurrencyCashFlowHedgeDerivativeAtFairValueNet
36189000 USD
CY2014Q4 us-gaap Foreign Currency Exchange Rate Translation1
ForeignCurrencyExchangeRateTranslation1
1.2156
CY2015Q2 us-gaap Foreign Currency Exchange Rate Translation1
ForeignCurrencyExchangeRateTranslation1
1.1189
us-gaap Gain Loss On Sale Of Properties
GainLossOnSaleOfProperties
23930000 USD
us-gaap Gain Loss On Sale Of Properties
GainLossOnSaleOfProperties
1201000 USD
CY2014Q2 us-gaap Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
-3823000 USD
us-gaap Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
-3743000 USD
CY2015Q2 us-gaap Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
16000 USD
us-gaap Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
1201000 USD
CY2014Q2 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
19134000 USD
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
41804000 USD
CY2015Q2 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
26376000 USD
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
56144000 USD
CY2014Q4 us-gaap Goodwill
Goodwill
692415000 USD
CY2015Q2 us-gaap Goodwill
Goodwill
687084000 USD
us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
1704000 USD
us-gaap Goodwill Translation Adjustments
GoodwillTranslationAdjustments
-6732000 USD
us-gaap Goodwill Written Off Related To Sale Of Business Unit
GoodwillWrittenOffRelatedToSaleOfBusinessUnit
303000 USD
CY2014Q2 us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
2066000 USD
us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
2066000 USD
CY2015Q2 us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
591000 USD
us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
3274000 USD
CY2014Q2 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
38275000 USD
us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
147211000 USD
CY2015Q2 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
63348000 USD
us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
99464000 USD
CY2014Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
52395000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
165478000 USD
CY2015Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
81917000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
121294000 USD
CY2014Q2 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
44374000 USD
us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
155204000 USD
CY2015Q2 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
66907000 USD
us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
104304000 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
1.55
CY2015Q2 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
0.60
us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
0.94
CY2014Q2 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.38
us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
1.53
CY2015Q2 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.59
us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.93
CY2014Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
26421000 USD
us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
32828000 USD
CY2015Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
0 USD
us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
0 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
CY2015Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Noncontrolling Interest
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToNoncontrollingInterest
0 USD
us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Noncontrolling Interest
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToNoncontrollingInterest
0 USD
CY2014Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
26464000 USD
us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
33006000 USD
CY2015Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
0 USD
us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
0 USD
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
0.34
CY2015Q2 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
0.00
CY2014Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
0.26
us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
0.34
CY2015Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
0.00
us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
0.00
CY2014Q2 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
9452000 USD
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
23714000 USD
CY2015Q2 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
14272000 USD
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
25995000 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
1417000 USD
CY2014Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
8021000 USD
CY2015Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
15010000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
10274000 USD
CY2015Q2 us-gaap Interest Expense
InterestExpense
47693000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
16990000 USD
us-gaap Increase Decrease In Deferred Compensation
IncreaseDecreaseInDeferredCompensation
0 USD
us-gaap Increase Decrease In Deferred Compensation
IncreaseDecreaseInDeferredCompensation
0 USD
us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
11737000 USD
us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
27668000 USD
us-gaap Increase Decrease In Restricted Cash
IncreaseDecreaseInRestrictedCash
103116000 USD
us-gaap Increase Decrease In Restricted Cash
IncreaseDecreaseInRestrictedCash
-31692000 USD
CY2014Q4 us-gaap Intangible Assets Net Including Goodwill
IntangibleAssetsNetIncludingGoodwill
2247900000 USD
CY2015Q2 us-gaap Intangible Assets Net Including Goodwill
IntangibleAssetsNetIncludingGoodwill
2179302000 USD
CY2014Q2 us-gaap Interest Expense
InterestExpense
47733000 USD
us-gaap Interest Expense
InterestExpense
86808000 USD
us-gaap Interest Expense
InterestExpense
95642000 USD
CY2014Q2 us-gaap Interest Income Related Party
InterestIncomeRelatedParty
163000 USD
us-gaap Interest Income Related Party
InterestIncomeRelatedParty
337000 USD
CY2015Q2 us-gaap Interest Income Related Party
InterestIncomeRelatedParty
442000 USD
us-gaap Interest Income Related Party
InterestIncomeRelatedParty
596000 USD
CY2015Q2 us-gaap Interest Rate Derivatives At Fair Value Net
InterestRateDerivativesAtFairValueNet
-9496000 USD
CY2014Q2 us-gaap Investment Advisory Management And Administrative Fees
InvestmentAdvisoryManagementAndAdministrativeFees
76173000 USD
us-gaap Investment Advisory Management And Administrative Fees
InvestmentAdvisoryManagementAndAdministrativeFees
150110000 USD
CY2015Q2 us-gaap Investment Advisory Management And Administrative Fees
InvestmentAdvisoryManagementAndAdministrativeFees
57827000 USD
us-gaap Investment Advisory Management And Administrative Fees
InvestmentAdvisoryManagementAndAdministrativeFees
101790000 USD
CY2014Q4 us-gaap Liabilities
Liabilities
4751673000 USD
CY2015Q2 us-gaap Liabilities
Liabilities
5219125000 USD
CY2014Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
8648479000 USD
CY2015Q2 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
8967604000 USD
CY2014Q4 us-gaap Line Of Credit
LineOfCredit
807518000 USD
CY2015Q2 us-gaap Line Of Credit
LineOfCredit
350234000 USD
CY2014Q4 us-gaap Long Term Debt
LongTermDebt
250000000 USD
CY2015Q2 us-gaap Long Term Debt
LongTermDebt
250000000 USD
CY2015Q2 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
2328401000 USD
CY2015Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
99257000 USD
CY2015Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
619622000 USD
CY2015Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
726514000 USD
CY2015Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
584246000 USD
CY2015Q2 us-gaap Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year
LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear
189265000 USD
CY2014Q2 us-gaap Management Fees Revenue
ManagementFeesRevenue
9045000 USD
us-gaap Management Fees Revenue
ManagementFeesRevenue
18822000 USD
CY2015Q2 us-gaap Management Fees Revenue
ManagementFeesRevenue
12073000 USD
us-gaap Management Fees Revenue
ManagementFeesRevenue
23232000 USD
CY2014Q4 us-gaap Minority Interest
MinorityInterest
139846000 USD
CY2015Q2 us-gaap Minority Interest
MinorityInterest
136160000 USD
us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
11185000 USD
us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
6652000 USD
us-gaap Minority Interest Decrease From Redemptions
MinorityInterestDecreaseFromRedemptions
280936000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
677000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-202904000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
362708000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
131620000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-522949000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
168637000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
216052000 USD
CY2014Q2 us-gaap Net Income Loss
NetIncomeLoss
64739000 USD
us-gaap Net Income Loss
NetIncomeLoss
180217000 USD
CY2015Q2 us-gaap Net Income Loss
NetIncomeLoss
63348000 USD
us-gaap Net Income Loss
NetIncomeLoss
99464000 USD
CY2014Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
2344000 USD
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
3921000 USD
CY2015Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
3575000 USD
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
6041000 USD
CY2014Q2 us-gaap Net Income Loss Attributable To Redeemable Noncontrolling Interest
NetIncomeLossAttributableToRedeemableNoncontrollingInterest
-111000 USD
us-gaap Net Income Loss Attributable To Redeemable Noncontrolling Interest
NetIncomeLossAttributableToRedeemableNoncontrollingInterest
151000 USD
CY2015Q2 us-gaap Net Income Loss Attributable To Redeemable Noncontrolling Interest
NetIncomeLossAttributableToRedeemableNoncontrollingInterest
0 USD
us-gaap Net Income Loss Attributable To Redeemable Noncontrolling Interest
NetIncomeLossAttributableToRedeemableNoncontrollingInterest
0 USD
CY2014Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
64462000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
179447000 USD
CY2015Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
63130000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
99122000 USD
CY2014Q2 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
64402000 USD
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
179529000 USD
CY2015Q2 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
63130000 USD
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
99122000 USD
us-gaap Noncontrolling Interest Increase From Business Combination
NoncontrollingInterestIncreaseFromBusinessCombination
99947000 USD
CY2014Q4 us-gaap Noncurrent Assets
NoncurrentAssets
5905958000 USD
CY2015Q2 us-gaap Noncurrent Assets
NoncurrentAssets
6104405000 USD
CY2014Q2 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-39659000 USD
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
35834000 USD
CY2015Q2 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-25780000 USD
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-66312000 USD
CY2014Q4 us-gaap Notes Receivable Net
NotesReceivableNet
837074000 USD
CY2015Q2 us-gaap Notes Receivable Net
NotesReceivableNet
794662000 USD
CY2014Q4 us-gaap Notes Receivable Related Parties
NotesReceivableRelatedParties
0 USD
CY2015Q2 us-gaap Notes Receivable Related Parties
NotesReceivableRelatedParties
122724000 USD
CY2015Q1 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
2 segment
CY2015Q2 us-gaap Number Of Real Estate Properties
NumberOfRealEstateProperties
852 property
CY2014Q2 us-gaap Occupancy Net
OccupancyNet
11211000 USD
us-gaap Occupancy Net
OccupancyNet
19630000 USD
CY2015Q2 us-gaap Occupancy Net
OccupancyNet
11020000 USD
us-gaap Occupancy Net
OccupancyNet
20384000 USD
CY2014Q4 us-gaap Other Assets
OtherAssets
300330000 USD
CY2015Q2 us-gaap Other Assets
OtherAssets
318397000 USD
CY2014Q2 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToNoncontrollingInterest
-113000 USD
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToNoncontrollingInterest
-448000 USD
CY2015Q2 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToNoncontrollingInterest
1585000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
0 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-1596000 USD
CY2015Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
38471000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-48776000 USD
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToNoncontrollingInterest
-3558000 USD
CY2014Q2 us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
-4596000 USD
us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
-4034000 USD
CY2015Q2 us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
40095000 USD
us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
-45907000 USD
CY2014Q2 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-1590000 USD
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
2956000 USD
CY2015Q2 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
48090000 USD
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-65989000 USD
CY2014Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-3362000 USD
CY2014Q2 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Noncontrolling Interest
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us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Noncontrolling Interest
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-475000 USD
CY2015Q2 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Noncontrolling Interest
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1585000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Noncontrolling Interest
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-3558000 USD
CY2014Q2 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
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us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
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CY2015Q2 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
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us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
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17199000 USD
CY2014Q2 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
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us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
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12000 USD
CY2015Q2 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
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0 USD
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
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14000 USD
CY2014Q2 us-gaap Other Nonoperating Income Expense
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us-gaap Other Nonoperating Income Expense
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CY2015Q2 us-gaap Other Nonoperating Income Expense
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7641000 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
3335000 USD
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8074000 USD
us-gaap Other Operating Income Expense Net
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122642000 USD
CY2015Q2 us-gaap Other Operating Income Expense Net
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21913000 USD
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29330000 USD
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8251000 USD
us-gaap Other Real Estate Revenue
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13244000 USD
CY2015Q2 us-gaap Other Real Estate Revenue
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8426000 USD
us-gaap Other Real Estate Revenue
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15538000 USD
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14988000 USD
us-gaap Other Sales Revenue Net
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16175000 USD
CY2015Q2 us-gaap Other Sales Revenue Net
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3122000 USD
us-gaap Other Sales Revenue Net
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6331000 USD
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11000000 USD
us-gaap Payments For Advance To Affiliate
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122447000 USD
us-gaap Payments For Proceeds From Other Investing Activities
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-740000 USD
us-gaap Payments For Proceeds From Other Investing Activities
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700000 USD
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8637000 USD
us-gaap Payments For Software
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2312000 USD
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158312000 USD
us-gaap Payments Of Dividends Common Stock
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200915000 USD
us-gaap Payments Of Dividends Minority Interest
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12026000 USD
us-gaap Payments Of Dividends Minority Interest
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6652000 USD
us-gaap Payments Of Financing Costs
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12192000 USD
us-gaap Payments Of Financing Costs
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10886000 USD
us-gaap Payments Related To Tax Withholding For Share Based Compensation
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16271000 USD
us-gaap Payments Related To Tax Withholding For Share Based Compensation
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15402000 USD
us-gaap Payments To Acquire Businesses Gross
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1338000 USD
us-gaap Payments To Acquire Businesses Gross
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0 USD
us-gaap Payments To Acquire Equity Method Investments
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459000 USD
us-gaap Payments To Acquire Equity Method Investments
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8643000 USD
us-gaap Payments To Acquire Real Estate
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88334000 USD
us-gaap Payments To Acquire Real Estate
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435915000 USD
us-gaap Payments To Develop Real Estate Assets
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2005000 USD
us-gaap Payments To Develop Real Estate Assets
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2026000 USD
CY2014Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
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0.001
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0.001
CY2014Q4 us-gaap Preferred Stock Shares Authorized
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50000000 shares
CY2015Q2 us-gaap Preferred Stock Shares Authorized
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50000000 shares
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0 shares
CY2015Q2 us-gaap Preferred Stock Shares Issued
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0 shares
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0 USD
CY2015Q2 us-gaap Preferred Stock Value
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0 USD
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100995225 shares
us-gaap Pro Forma Weighted Average Shares Outstanding Diluted
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100875283 shares
us-gaap Proceeds From Collection Of Notes Receivable
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0 USD
us-gaap Proceeds From Collection Of Notes Receivable
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9964000 USD
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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3383000 USD
us-gaap Proceeds From Issuance Of Secured Debt
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6550000 USD
us-gaap Proceeds From Issuance Of Secured Debt
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17778000 USD
us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
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1184000 USD
us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
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256000 USD
us-gaap Proceeds From Issuance Of Unsecured Debt
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498195000 USD
us-gaap Proceeds From Issuance Of Unsecured Debt
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1022303000 USD
us-gaap Proceeds From Minority Shareholders
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483000 USD
us-gaap Proceeds From Payments To Minority Shareholders
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314000 USD
us-gaap Proceeds From Payments To Minority Shareholders
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483000 USD
us-gaap Proceeds From Repayments Of Restricted Cash Financing Activities
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-588000 USD
us-gaap Proceeds From Repayments Of Restricted Cash Financing Activities
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-342000 USD
us-gaap Proceeds From Sale Of Real Estate Heldforinvestment
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280795000 USD
us-gaap Proceeds From Sale Of Real Estate Heldforinvestment
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24016000 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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484122000 USD
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66972000 USD
us-gaap Profit Loss
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184289000 USD
CY2015Q2 us-gaap Profit Loss
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66923000 USD
us-gaap Profit Loss
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105505000 USD
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258493000 USD
CY2015Q2 us-gaap Real Estate Investment Property Accumulated Depreciation
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324136000 USD
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4833074000 USD
CY2015Q2 us-gaap Real Estate Investment Property Net
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5057155000 USD
CY2014Q4 us-gaap Real Estate Investments
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5656555000 USD
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5840987000 USD
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84885000 USD
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85237000 USD
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148253000 USD
us-gaap Real Estate Revenue Net
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271320000 USD
CY2015Q2 us-gaap Real Estate Revenue Net
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162574000 USD
us-gaap Real Estate Revenue Net
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322739000 USD
CY2014Q2 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
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us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
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1624000 USD
us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
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2869000 USD
us-gaap Recognition Of Deferred Revenue
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786000 USD
us-gaap Recognition Of Deferred Revenue
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0 USD
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13374000 USD
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5749000 USD
us-gaap Reimbursement Revenue
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11763000 USD
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6130000 USD
us-gaap Reimbursement Revenue
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12069000 USD
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us-gaap Repayment Of Notes Receivable From Related Parties
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1155000 USD
us-gaap Repayment Of Notes Receivable From Related Parties
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0 USD
us-gaap Repayments Of Lines Of Credit
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1310000000 USD
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913868000 USD
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61608000 USD
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36095000 USD
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81548000 USD
us-gaap Revenue From Related Parties
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166868000 USD
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67525000 USD
us-gaap Revenue From Related Parties
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120401000 USD
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us-gaap Revenues
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us-gaap Revenues
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56400000 USD
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0
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0.202
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0.010
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us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
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4600000 USD
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339347 shares
us-gaap Stock Issued During Period Shares Stock Options Exercised
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us-gaap Stock Issued During Period Value Acquisitions
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us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
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1184000 USD
us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
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256000 USD
us-gaap Stock Issued During Period Value Issued For Services
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15736000 USD
us-gaap Stock Issued During Period Value Issued For Services
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14533000 USD
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534000 USD
us-gaap Stock Issued During Period Value Share Based Compensation Gross
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870000 USD
CY2014Q1 us-gaap Stock Repurchased During Period Shares
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678000 USD
CY2014Q4 us-gaap Stockholders Equity
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CY2015Q2 us-gaap Stockholders Equity
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CY2013Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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CY2014Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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3832865000 USD
CY2014Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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3890735000 USD
CY2015Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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3735105000 USD
us-gaap Temporary Equity Accretion To Redemption Value
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306000 USD
us-gaap Temporary Equity Accretion To Redemption Value
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CY2014Q2 us-gaap Temporary Equity Foreign Currency Translation Adjustments
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21000 USD
us-gaap Temporary Equity Foreign Currency Translation Adjustments
TemporaryEquityForeignCurrencyTranslationAdjustments
27000 USD
CY2015Q2 us-gaap Temporary Equity Foreign Currency Translation Adjustments
TemporaryEquityForeignCurrencyTranslationAdjustments
0 USD
us-gaap Temporary Equity Foreign Currency Translation Adjustments
TemporaryEquityForeignCurrencyTranslationAdjustments
0 USD
CY2014Q4 us-gaap Treasury Stock Shares
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1044416 shares
CY2015Q2 us-gaap Treasury Stock Shares
TreasuryStockShares
1044416 shares
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60948000 USD
CY2015Q2 us-gaap Treasury Stock Value
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60948000 USD
CY2014Q2 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
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277000 USD
us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
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770000 USD
CY2015Q2 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
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218000 USD
us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
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342000 USD
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us-gaap Weighted Average Basic Shares Outstanding Pro Forma
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CY2014Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
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758863 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
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1002849 shares
CY2015Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
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517951 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
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822426 shares
CY2014Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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100995225 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
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95857916 shares
CY2015Q2 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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106355402 shares
CY2014Q2 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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94855067 shares
CY2015Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
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105764032 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
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105532976 shares
CY2014Q4 wpc Accounts Receivable Billed Under Direct Financing Leases
AccountsReceivableBilledUnderDirectFinancingLeases
1400000 USD
CY2015Q2 wpc Accounts Receivable Billed Under Direct Financing Leases
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1600000 USD
CY2014Q2 wpc Advisory Expense
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2451000 USD
wpc Advisory Expense
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2469000 USD
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4147000 USD
wpc Advisory Expense
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6808000 USD
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41925000 USD
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AffiliatesReimbursementRevenue
81657000 USD
CY2015Q2 wpc Affiliates Reimbursement Revenue
AffiliatesReimbursementRevenue
7639000 USD
wpc Affiliates Reimbursement Revenue
AffiliatesReimbursementRevenue
17246000 USD
CY2014Q4 wpc Asset Management Fees Receivable
AssetManagementFeesReceivable
0 USD
CY2015Q2 wpc Asset Management Fees Receivable
AssetManagementFeesReceivable
3092000 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
75342000 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
151000 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
2916000 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
78409000 USD
CY2014Q4 wpc Capital Leases Net Investment In Direct Financing Leases Excluding Unearned Income
CapitalLeasesNetInvestmentInDirectFinancingLeasesExcludingUnearnedIncome
1723122000 USD
CY2015Q2 wpc Capital Leases Net Investment In Direct Financing Leases Excluding Unearned Income
CapitalLeasesNetInvestmentInDirectFinancingLeasesExcludingUnearnedIncome
1638114000 USD
CY2014Q4 wpc Carrying Value Of Collateral Mortgaged Real Estate
CarryingValueOfCollateralMortgagedRealEstate
3300000000 USD
CY2015Q2 wpc Carrying Value Of Collateral Mortgaged Real Estate
CarryingValueOfCollateralMortgagedRealEstate
3200000000 USD
wpc Change From Net Income To Transfers To Noncontrolling Interest
ChangeFromNetIncomeToTransfersToNoncontrollingInterest
138843000 USD
wpc Change From Net Income To Transfers To Noncontrolling Interest
ChangeFromNetIncomeToTransfersToNoncontrollingInterest
99464000 USD
CY2015Q2 wpc Common Stock Maximum Offering Value
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400000000 USD
CY2014Q2 wpc Comprehensive Income Attributable To Redeemable Noncontrolling Interests
ComprehensiveIncomeAttributableToRedeemableNoncontrollingInterests
-132000 USD
wpc Comprehensive Income Attributable To Redeemable Noncontrolling Interests
ComprehensiveIncomeAttributableToRedeemableNoncontrollingInterests
124000 USD
CY2015Q2 wpc Comprehensive Income Attributable To Redeemable Noncontrolling Interests
ComprehensiveIncomeAttributableToRedeemableNoncontrollingInterests
0 USD
wpc Comprehensive Income Attributable To Redeemable Noncontrolling Interests
ComprehensiveIncomeAttributableToRedeemableNoncontrollingInterests
0 USD
CY2014Q4 wpc Current Acquisition Fees Receivable
CurrentAcquisitionFeesReceivable
2463000 USD
CY2015Q2 wpc Current Acquisition Fees Receivable
CurrentAcquisitionFeesReceivable
6650000 USD
CY2014Q2 wpc Dealer Manager Feesand Expenses
DealerManagerFeesandExpenses
6285000 USD
wpc Dealer Manager Feesand Expenses
DealerManagerFeesandExpenses
11710000 USD
CY2015Q2 wpc Dealer Manager Feesand Expenses
DealerManagerFeesandExpenses
2327000 USD
wpc Dealer Manager Feesand Expenses
DealerManagerFeesandExpenses
4699000 USD
wpc Decrease In Additional Paid In Capital For Purchases
DecreaseInAdditionalPaidInCapitalForPurchases
41374000 USD
wpc Decrease In Additional Paid In Capital For Purchases
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0 USD
CY2014Q2 wpc Incentive Termination And Subordinated Disposition Revenue
IncentiveTerminationAndSubordinatedDispositionRevenue
0 USD
wpc Deferred Acquisition Revenue Received
DeferredAcquisitionRevenueReceived
11153000 USD
wpc Deferred Acquisition Revenue Received
DeferredAcquisitionRevenueReceived
14084000 USD
CY2014Q2 wpc Deferred Revenue Recognized
DeferredRevenueRecognized
0 USD
wpc Deferred Revenue Recognized
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786000 USD
CY2015Q2 wpc Deferred Revenue Recognized
DeferredRevenueRecognized
0 USD
wpc Deferred Revenue Recognized
DeferredRevenueRecognized
0 USD
CY2014Q4 wpc Deferredacquisitionfeesreceivable
Deferredacquisitionfeesreceivable
26913000 USD
CY2015Q2 wpc Deferredacquisitionfeesreceivable
Deferredacquisitionfeesreceivable
30725000 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
CY2015Q2 wpc Discontinued Operation Gains Losseson Extinguishmentof Debt Netof Tax
DiscontinuedOperationGainsLossesonExtinguishmentofDebtNetofTax
0 USD
wpc Discontinued Operation Gains Losseson Extinguishmentof Debt Netof Tax
DiscontinuedOperationGainsLossesonExtinguishmentofDebtNetofTax
0 USD
CY2014Q2 wpc Distributionof Available Cash From Managed Reits
DistributionofAvailableCashFromManagedReits
5235000 USD
wpc Distributionof Available Cash From Managed Reits
DistributionofAvailableCashFromManagedReits
15681000 USD
CY2015Q2 wpc Distributionof Available Cash From Managed Reits
DistributionofAvailableCashFromManagedReits
9256000 USD
wpc Distributionof Available Cash From Managed Reits
DistributionofAvailableCashFromManagedReits
18062000 USD
CY2014Q4 wpc Finite Lived Intangible Asset Acquired In Place Leases Net
FiniteLivedIntangibleAssetAcquiredInPlaceLeasesNet
993819000 USD
CY2015Q2 wpc Finite Lived Intangible Asset Acquired In Place Leases Net
FiniteLivedIntangibleAssetAcquiredInPlaceLeasesNet
948547000 USD
CY2014Q4 wpc Finite Lived Intangible Asset Off Market Lease Favorable Net
FiniteLivedIntangibleAssetOffMarketLeaseFavorableNet
522797000 USD
CY2015Q2 wpc Finite Lived Intangible Asset Off Market Lease Favorable Net
FiniteLivedIntangibleAssetOffMarketLeaseFavorableNet
498746000 USD
CY2015Q2 wpc Finite Lived Intangible Assets Liabilities Net
FiniteLivedIntangibleAssetsLiabilitiesNet
1333410000 USD
CY2014Q4 wpc Finite Lived Intangible Liabilities Accumulated Amortization
FiniteLivedIntangibleLiabilitiesAccumulatedAmortization
24183000 USD
CY2015Q2 wpc Finite Lived Intangible Liabilities Accumulated Amortization
FiniteLivedIntangibleLiabilitiesAccumulatedAmortization
30506000 USD
CY2014Q4 wpc Finite Lived Intangible Liabilities Gross
FiniteLivedIntangibleLiabilitiesGross
182542000 USD
CY2015Q2 wpc Finite Lived Intangible Liabilities Gross
FiniteLivedIntangibleLiabilitiesGross
185339000 USD
CY2014Q4 wpc Finite Lived Intangible Liabilities Net
FiniteLivedIntangibleLiabilitiesNet
158359000 USD
CY2015Q2 wpc Finite Lived Intangible Liabilities Net
FiniteLivedIntangibleLiabilitiesNet
154833000 USD
wpc Foreign Currency Translation Adjustment Attributable To Noncontrolling Interest
ForeignCurrencyTranslationAdjustmentAttributableToNoncontrollingInterest
4000 USD
wpc Gain Loss On Change In Control Of Interests Excluding Allocation Of Profit Sharing Interest
GainLossOnChangeInControlOfInterestsExcludingAllocationOfProfitSharingInterest
105947000 USD
wpc Gain Loss On Change In Control Of Interests Excluding Allocation Of Profit Sharing Interest
GainLossOnChangeInControlOfInterestsExcludingAllocationOfProfitSharingInterest
0 USD
CY2014Q2 wpc Gain On Change In Control Of Interests
GainOnChangeInControlOfInterests
0 USD
wpc Gain On Change In Control Of Interests
GainOnChangeInControlOfInterests
105947000 USD
CY2015Q2 wpc Gain On Change In Control Of Interests
GainOnChangeInControlOfInterests
0 USD
wpc Gain On Change In Control Of Interests
GainOnChangeInControlOfInterests
0 USD
wpc Incentive Termination And Subordinated Disposition Revenue
IncentiveTerminationAndSubordinatedDispositionRevenue
0 USD
CY2015Q2 wpc Incentive Termination And Subordinated Disposition Revenue
IncentiveTerminationAndSubordinatedDispositionRevenue
0 USD
wpc Incentive Termination And Subordinated Disposition Revenue
IncentiveTerminationAndSubordinatedDispositionRevenue
203000 USD
CY2015Q2 wpc Increase Decrease In Foreign Currency Exchange Rate
IncreaseDecreaseInForeignCurrencyExchangeRate
-0.080
wpc Increase Decrease In Structuring Revenue Receivable
IncreaseDecreaseInStructuringRevenueReceivable
10842000 USD
wpc Increase Decrease In Structuring Revenue Receivable
IncreaseDecreaseInStructuringRevenueReceivable
17896000 USD
CY2014Q4 wpc Indefinite Lived Intangible Asset
IndefiniteLivedIntangibleAsset
696390000 USD
CY2015Q2 wpc Indefinite Lived Intangible Asset
IndefiniteLivedIntangibleAsset
691059000 USD
wpc Installment Periodfor Deferred Acquisition Fee Receivable
InstallmentPeriodforDeferredAcquisitionFeeReceivable
three years
CY2014Q4 wpc Intangible Assets Gross Including Goodwill
IntangibleAssetsGrossIncludingGoodwill
2589572000 USD
CY2015Q2 wpc Intangible Assets Gross Including Goodwill
IntangibleAssetsGrossIncludingGoodwill
2606380000 USD
CY2014Q4 wpc Intangible Liabilities Gross
IntangibleLiabilitiesGross
199253000 USD
CY2015Q2 wpc Intangible Liabilities Gross
IntangibleLiabilitiesGross
202050000 USD
CY2014Q4 wpc Intangible Liabilities Net
IntangibleLiabilitiesNet
175070000 USD
CY2015Q2 wpc Intangible Liabilities Net
IntangibleLiabilitiesNet
171544000 USD
CY2015Q2 wpc Legal Fee Reimbursement Rate
LegalFeeReimbursementRate
0.0025
CY2015Q2 wpc Long Term Debt Before Unamortized Discount
LongTermDebtBeforeUnamortizedDiscount
4547305000 USD
wpc Management Income Received In Shares Of Affiliates
ManagementIncomeReceivedInSharesOfAffiliates
18045000 USD
wpc Management Income Received In Shares Of Affiliates
ManagementIncomeReceivedInSharesOfAffiliates
10699000 USD
CY2015Q2 wpc Maximum Personneland Overhead Reimbursement Percentage
MaximumPersonnelandOverheadReimbursementPercentage
0.024
wpc Net Income Loss Including Portion Attributable To Redeemable Noncontrolling Interest
NetIncomeLossIncludingPortionAttributableToRedeemableNoncontrollingInterest
184138000 USD
wpc Net Income Loss Including Portion Attributable To Redeemable Noncontrolling Interest
NetIncomeLossIncludingPortionAttributableToRedeemableNoncontrollingInterest
105505000 USD
wpc Net Transfers To Noncontrolling Interest
NetTransfersToNoncontrollingInterest
-41374000 USD
wpc Net Transfers To Noncontrolling Interest
NetTransfersToNoncontrollingInterest
0 USD
CY2015Q2 wpc Number Of Tenants
NumberOfTenants
217 tenant
wpc Occupancy Rate
OccupancyRate
0.986
CY2014Q4 wpc Organization And Offering Costs Receivable
OrganizationAndOfferingCostsReceivable
2120000 USD
CY2015Q2 wpc Organization And Offering Costs Receivable
OrganizationAndOfferingCostsReceivable
2937000 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
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
17199000 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 Loss Unrealized Gain Loss On Derivatives Arising During Period Including Portion Attributable To Noncontrolling Interest Redeemable Noncontrolling Interest Net Of Tax
OtherComprehensiveIncomeLossUnrealizedGainLossOnDerivativesArisingDuringPeriodIncludingPortionAttributableToNoncontrollingInterestRedeemableNoncontrollingInterestNetOfTax
-65989000 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
wpc Other Comprehensive Income Lossunrealizedholding Gain Loss On Securities Arising During Period Including Portion Attributable To Redeemable Noncontrolling Interest Net Of Tax
OtherComprehensiveIncomeLossunrealizedholdingGainLossOnSecuritiesArisingDuringPeriodIncludingPortionAttributableToRedeemableNoncontrollingInterestNetOfTax
14000 USD
wpc Payments To Acquire Real Estate Under Construction
PaymentsToAcquireRealEstateUnderConstruction
2835000 USD
wpc Payments To Acquire Real Estate Under Construction
PaymentsToAcquireRealEstateUnderConstruction
21638000 USD
CY2014Q1 wpc Per Share Closing Price
PerShareClosingPrice
59.08
wpc Percentage Of Available Cash Distribution To Advisor
PercentageOfAvailableCashDistributionToAdvisor
0.1
wpc Prepayment Of Mortgage Principal
PrepaymentOfMortgagePrincipal
201820000 USD
wpc Prepayment Of Mortgage Principal
PrepaymentOfMortgagePrincipal
0 USD
CY2014Q2 wpc Real Estate Revenueand Other
RealEstateRevenueandOther
177241000 USD
wpc Real Estate Revenueand Other
RealEstateRevenueandOther
312502000 USD
CY2015Q2 wpc Real Estate Revenueand Other
RealEstateRevenueandOther
180252000 USD
wpc Real Estate Revenueand Other
RealEstateRevenueandOther
356677000 USD
wpc Realized Gain Loss On Foreign Currency Transactions And Other
RealizedGainLossOnForeignCurrencyTransactionsAndOther
1756000 USD
wpc Realized Gain Loss On Foreign Currency Transactions And Other
RealizedGainLossOnForeignCurrencyTransactionsAndOther
-1452000 USD
CY2014Q2 wpc Related Party Reimbursement Revenue
RelatedPartyReimbursementRevenue
41925000 USD
wpc Related Party Reimbursement Revenue
RelatedPartyReimbursementRevenue
81657000 USD
CY2015Q2 wpc Related Party Reimbursement Revenue
RelatedPartyReimbursementRevenue
7639000 USD
wpc Related Party Reimbursement Revenue
RelatedPartyReimbursementRevenue
17246000 USD
CY2014Q4 wpc Related Party Reimbursement Revenue Receivable
RelatedPartyReimbursementRevenueReceivable
301000 USD
CY2015Q2 wpc Related Party Reimbursement Revenue Receivable
RelatedPartyReimbursementRevenueReceivable
5600000 USD
wpc Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate Peer Index
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRatePeerIndex
0.135
wpc Straight Line Rent Adjustments And Amortization Of Rent Related Intangibles
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-23350000 USD
wpc Straight Line Rent Adjustments And Amortization Of Rent Related Intangibles
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-19793000 USD
CY2014Q2 wpc Structuring Revenue
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17254000 USD
wpc Structuring Revenue
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35005000 USD
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37808000 USD
wpc Structuring Revenue
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59528000 USD
CY2015Q2 wpc Variable Interest Entities Count
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18
CY2014Q2 wpc Wholesaling Revenue
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7949000 USD
wpc Wholesaling Revenue
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14626000 USD
CY2015Q2 wpc Wholesaling Revenue
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307000 USD
wpc Wholesaling Revenue
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1581000 USD
us-gaap Debt Instrument Covenant Compliance
DebtInstrumentCovenantCompliance
<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;">We were in compliance with all of these covenants at </font><font style="font-family:inherit;font-size:10pt;">June&#160;30, 2015</font><font style="font-family:inherit;font-size:10pt;">.</font></div></div>
us-gaap Description Of New Accounting Pronouncements Not Yet Adopted
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%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">ASU 2015-03, Interest-Imputation of Interest</font><font style="font-family:inherit;font-size:10pt;"> </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">(Subtopic 835-30) </font><font style="font-family:inherit;font-size:10pt;">&#8212; ASU 2015-03 changes the presentation of debt issuance costs, which are currently recognized as a deferred charge (that is, an asset) and requires that debt issuance costs related to a recognized debt liability be presented in the balance sheet as a direct deduction from the carrying amount of that debt liability, consistent with debt discounts.&#160;ASU 2015-03 does not affect the recognition and measurement guidance for debt issuance costs. ASU 2015-03 is effective for periods beginning after December 15, 2015, early adoption is permitted and retrospective application is required. We are currently evaluating the impact of ASU 2015-03 on our consolidated financial statements.</font></div><div style="line-height:120%;text-align:left;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;"><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;">&#8212; 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. In April 2015, the Financial Accounting Standards Board issued a proposed ASU to defer the effective date of ASU 2014-09 by one year. In July 2015, the Financial Accounting Standards Board affirmed its proposal to defer the effective date of the new revenue standard for all entities by one year and directed the staff to draft a final ASU for vote by written ballot. Upon issuance of the final ASU deferring the effective date, ASU 2014-09 will be effective beginning in 2018, and early adoption is permitted but not before 2017, the original public company effective date.</font><font style="font-family:inherit;font-size:10pt;color:#3c3c3d;"> </font><font style="font-family:inherit;font-size:10pt;">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.</font></div></div>
us-gaap Nature Of Operations
NatureOfOperations
<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 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 generally 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, which are sponsored by us 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;">,</font><font style="font-family:inherit;font-size:10pt;"><sup style="vertical-align:top;line-height:120%;font-size:7pt"> </sup></font><font style="font-family:inherit;font-size:10pt;">brand name that invest in similar properties. At </font><font style="font-family:inherit;font-size:10pt;">June&#160;30, 2015</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 together 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. At </font><font style="font-family:inherit;font-size:10pt;">June&#160;30, 2015</font><font style="font-family:inherit;font-size:10pt;">, we were also the advisor to Carey Watermark Investors Incorporated, or CWI (which we also refer to as CWI 1), and Carey Watermark Investors 2 Incorporated, or CWI 2, two publicly-owned, non-listed REITs that invest in lodging and lodging-related properties. We refer to CWI and CWI 2 as the CWI REITs, and, together with 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, as the Managed REITs (</font><a style="font-family:inherit;font-size:10pt;" href="#sF7539E1D599C5999A6ABD6A731EB9021"><font style="font-family:inherit;font-size:10pt;">Note 5</font></a><font style="font-family:inherit;font-size:10pt;">). We have also invested in Carey Credit Income Fund, or CCIF, a newly formed business development company, or BDC (</font><a style="font-family:inherit;font-size:10pt;" href="#sE6C9EBA786C359FBB58E3CAC47212018"><font style="font-family:inherit;font-size:10pt;">Note 8</font></a><font style="font-family:inherit;font-size:10pt;">), with a third-party investment partner, that is the master fund in a master/feeder fund structure. </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;">In September 2014, we filed two registration statements on Form N-2, as amended, with the SEC regarding the organization of two feeder funds that are affiliated with CCIF.&#160; The registration statements enable each of the newly organized feeder funds to sell common shares up to </font><font style="font-family:inherit;font-size:10pt;">$1.0 billion</font><font style="font-family:inherit;font-size:10pt;"> each and to invest that equity capital into CCIF. The advisor to CCIF is wholly owned by us. We refer to CCIF and the two feeder funds collectively as the Managed BDCs and, together with the Managed REITs, as the Managed Programs. The registration statements were declared effective by the SEC in July 2015.</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;">Originally founded in 1973, we reorganized as a REIT in September 2012 in connection with our merger with Corporate Property Associates 15 Incorporated. 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 (</font><a style="font-family:inherit;font-size:10pt;" href="#s4B45F9B5A3FE541994270B39806F69D6"><font style="font-family:inherit;font-size:10pt;">Note 4</font></a><font style="font-family:inherit;font-size:10pt;">), 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></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;">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 federal income taxation other than from our TRSs 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 United States, Europe, 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 through our ownership of shares of the Managed REITs (</font><a style="font-family:inherit;font-size:10pt;" href="#sE6C9EBA786C359FBB58E3CAC47212018"><font style="font-family:inherit;font-size:10pt;">Note 8</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="#sF7539E1D599C5999A6ABD6A731EB9021"><font style="font-family:inherit;font-size:10pt;">Note 5</font></a><font style="font-family:inherit;font-size:10pt;">). At </font><font style="font-family:inherit;font-size:10pt;">June&#160;30, 2015</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;">852</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;">217</font><font style="font-family:inherit;font-size:10pt;"> tenants, with an occupancy rate of </font><font style="font-family:inherit;font-size:10pt;">98.6%</font><font style="font-family:inherit;font-size:10pt;">, and totaled approximately </font><font style="font-family:inherit;font-size:10pt;">89.3 million</font><font style="font-family:inherit;font-size:10pt;"> square feet. </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. At </font><font style="font-family:inherit;font-size:10pt;">June&#160;30, 2015</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 collectively owned all or a portion of </font><font style="font-family:inherit;font-size:10pt;">422</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;">47.3 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;">192</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;">. The Managed REITs also had interests in </font><font style="font-family:inherit;font-size:10pt;">149</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;">17.1 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, 2015</font><font style="font-family:inherit;font-size:10pt;">. We have begun to explore alternatives for expanding our investment management operations by raising funds beyond advising the existing Managed REITs. Any such expansion could involve the purchase of properties or other investments as principal, either for our owned portfolio or with the intention of transferring such investments to a newly-created fund, as well as the sponsorship of one or more funds to make investments other than primarily net lease investments, such as the CWI REITs and the Managed BDCs. These new funds could invest primarily in assets other than net-lease real estate and could include funds raised through private placements or publicly-traded vehicles, either in the United States or internationally.</font></div></div>

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