2015 Q4 Form 10-Q Financial Statement

#000102537815000049 Filed on November 05, 2015

View on sec.gov

Income Statement

Concept 2015 Q4 2015 Q3 2014 Q4
Revenue $265.3M $214.7M $248.8M
YoY Change 6.6% 8.96% 79.0%
Cost Of Revenue $59.80M $32.50M $57.20M
YoY Change 4.55% -8.71% 69.23%
Gross Profit $205.4M $182.1M $191.1M
YoY Change 7.48% 12.83% 81.65%
Gross Profit Margin 77.44% 84.83% 76.8%
Selling, General & Admin $29.70M $26.80M $37.60M
YoY Change -21.01% -4.96% 19.37%
% of Gross Profit 14.46% 14.72% 19.68%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $75.50M $35.70M $73.30M
YoY Change 3.0% -50.89% 69.68%
% of Gross Profit 36.76% 19.6% 38.36%
Operating Expenses $104.0M $102.4M $99.10M
YoY Change 4.94% 16.63% 55.57%
Operating Profit $101.4M $79.70M $92.00M
YoY Change 10.22% 8.29% 121.69%
Interest Expense -$39.80M $49.68M -$34.70M
YoY Change 14.7% 6.77% 35.02%
% of Operating Profit -39.25% 62.34% -37.72%
Other Income/Expense, Net -$4.700M -$30.44M -$1.600M
YoY Change 193.75% -24.02% -159.26%
Pretax Income $69.90M $25.16M $35.90M
YoY Change 94.71% -12.54% 229.36%
Income Tax $17.30M $3.361M $6.400M
% Of Pretax Income 24.75% 13.36% 17.83%
Net Earnings $51.05M $21.75M $32.27M
YoY Change 58.18% -20.46% 40.18%
Net Earnings / Revenue 19.25% 10.13% 12.97%
Basic Earnings Per Share $0.48 $0.20 $0.31
Diluted Earnings Per Share $0.48 $0.20 $0.30
COMMON SHARES
Basic Shares Outstanding 104.4M shares 105.8M shares 104.0M shares
Diluted Shares Outstanding 106.3M shares

Balance Sheet

Concept 2015 Q4 2015 Q3 2014 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $157.0M $191.0M $199.0M
YoY Change -21.11% -63.96% 68.64%
Cash & Equivalents $157.2M $191.3M $198.7M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $219.0M $339.0M $233.0M
YoY Change -6.01% -39.03% 55.33%
LONG-TERM ASSETS
Property, Plant & Equipment $5.011B $5.029B $4.833B
YoY Change 3.68% 13.96% 105.4%
Goodwill $681.8M $684.6M $692.4M
YoY Change -1.53% -2.59% 97.72%
Intangibles
YoY Change
Long-Term Investments $275.5M $275.9M $249.4M
YoY Change 10.45% 26.49% -52.94%
Other Assets $59.00M $5.000M $7.000M
YoY Change 742.86% -91.95%
Total Long-Term Assets $8.523B $8.549B $8.415B
YoY Change 1.28% 7.6% 85.82%
TOTAL ASSETS
Total Short-Term Assets $219.0M $339.0M $233.0M
Total Long-Term Assets $8.523B $8.549B $8.415B
Total Assets $8.742B $8.888B $8.648B
YoY Change 1.08% 4.55% 84.84%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $342.0M $299.0M $294.0M
YoY Change 16.33% 6.79% 102.76%
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 $445.0M $401.0M $394.0M
YoY Change 12.94% 5.8% 84.98%
LONG-TERM LIABILITIES
Long-Term Debt $4.480B $4.600B $4.089B
YoY Change 9.56% 20.45% 97.82%
Other Long-Term Liabilities $154.0M $166.0M $175.0M
YoY Change -12.0% -13.99% 16.67%
Total Long-Term Liabilities $4.634B $4.766B $4.264B
YoY Change 8.68% 18.79% 92.33%
TOTAL LIABILITIES
Total Short-Term Liabilities $445.0M $401.0M $394.0M
Total Long-Term Liabilities $4.634B $4.766B $4.264B
Total Liabilities $5.166B $5.253B $4.752B
YoY Change 8.71% 17.08% 92.47%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock $104.0K $105.0K $104.0K
YoY Change 0.0% 0.0% 50.72%
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 $3.427B $3.486B $3.751B
YoY Change
Total Liabilities & Shareholders Equity $8.742B $8.888B $8.648B
YoY Change 1.08% 4.55% 84.84%

Cashflow Statement

Concept 2015 Q4 2015 Q3 2014 Q4
OPERATING ACTIVITIES
Net Income $51.05M $21.75M $32.27M
YoY Change 58.18% -20.46% 40.18%
Depreciation, Depletion And Amortization $75.50M $35.70M $73.30M
YoY Change 3.0% -50.89% 69.68%
Cash From Operating Activities $177.6M $114.8M $121.9M
YoY Change 45.69% 5.71% 97.89%
INVESTING ACTIVITIES
Capital Expenditures -$146.9M -$102.8M -$668.5M
YoY Change -78.03% -40.41% 3259.3%
Acquisitions
YoY Change
Other Investing Activities $126.9M $600.0K -$17.80M
YoY Change -812.92% -99.31% -110.3%
Cash From Investing Activities -$20.00M -$102.3M -$686.3M
YoY Change -97.09% 19.65% -548.86%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -188.1M -53.30M 244.0M
YoY Change -177.09% -117.65% -227.35%
NET CHANGE
Cash From Operating Activities 177.6M 114.8M 121.9M
Cash From Investing Activities -20.00M -102.3M -686.3M
Cash From Financing Activities -188.1M -53.30M 244.0M
Net Change In Cash -30.50M -40.80M -320.4M
YoY Change -90.48% -112.55% -1499.13%
FREE CASH FLOW
Cash From Operating Activities $177.6M $114.8M $121.9M
Capital Expenditures -$146.9M -$102.8M -$668.5M
Free Cash Flow $324.5M $217.6M $790.4M
YoY Change -58.94% -22.59% 869.82%

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us-gaap Derivative Instruments Gain Loss Recognized In Other Comprehensive Income Effective Portion Net
DerivativeInstrumentsGainLossRecognizedInOtherComprehensiveIncomeEffectivePortionNet
11321000 USD
CY2015Q3 us-gaap Derivative Instruments Gain Loss Recognized In Other Comprehensive Income Effective Portion Net
DerivativeInstrumentsGainLossRecognizedInOtherComprehensiveIncomeEffectivePortionNet
6415000 USD
us-gaap Derivative Instruments Gain Loss Recognized In Other Comprehensive Income Effective Portion Net
DerivativeInstrumentsGainLossRecognizedInOtherComprehensiveIncomeEffectivePortionNet
25997000 USD
CY2014Q3 us-gaap Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet
1275000 USD
us-gaap Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet
2126000 USD
CY2015Q3 us-gaap Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet
1552000 USD
us-gaap Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet
3789000 USD
CY2014Q4 us-gaap Derivative Net Liability Position Aggregate Fair Value
DerivativeNetLiabilityPositionAggregateFairValue
14200000 USD
CY2015Q3 us-gaap Derivative Net Liability Position Aggregate Fair Value
DerivativeNetLiabilityPositionAggregateFairValue
11500000 USD
CY2014Q3 us-gaap Diluted Earnings Per Share Pro Forma
DilutedEarningsPerShareProForma
0.26
us-gaap Diluted Earnings Per Share Pro Forma
DilutedEarningsPerShareProForma
1.01
CY2014Q3 us-gaap Dilutive Securities
DilutiveSecurities
-8000 USD
us-gaap Dilutive Securities
DilutiveSecurities
74000 USD
CY2015Q3 us-gaap Dilutive Securities
DilutiveSecurities
0 USD
us-gaap Dilutive Securities
DilutiveSecurities
0 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
CY2015Q3 us-gaap Discontinued Operation Gain Loss On Disposal Of Discontinued Operation Net Of Tax
DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax
0 USD
CY2014Q3 us-gaap Disposal Group Including Discontinued Operation Operating Expense
DisposalGroupIncludingDiscontinuedOperationOperatingExpense
187000 USD
us-gaap Disposal Group Including Discontinued Operation Operating Expense
DisposalGroupIncludingDiscontinuedOperationOperatingExpense
1973000 USD
CY2015Q3 us-gaap Disposal Group Including Discontinued Operation Operating Expense
DisposalGroupIncludingDiscontinuedOperationOperatingExpense
0 USD
us-gaap Disposal Group Including Discontinued Operation Operating Expense
DisposalGroupIncludingDiscontinuedOperationOperatingExpense
0 USD
CY2014Q3 us-gaap Disposal Group Including Discontinued Operation Revenue
DisposalGroupIncludingDiscontinuedOperationRevenue
377000 USD
CY2015Q3 us-gaap Disposal Group Including Discontinued Operation Revenue
DisposalGroupIncludingDiscontinuedOperationRevenue
0 USD
us-gaap Disposal Group Including Discontinued Operation Revenue
DisposalGroupIncludingDiscontinuedOperationRevenue
0 USD
CY2015Q3 us-gaap Dividend Payable Date To Be Paid Day Month And Year
DividendPayableDateToBePaidDayMonthAndYear
2015-10-15
us-gaap Dividends
Dividends
281072000 USD
us-gaap Dividends
Dividends
303798000 USD
CY2014Q4 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
100078000 USD
CY2015Q3 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
101645000 USD
CY2014Q4 us-gaap Due From Affiliates
DueFromAffiliates
34477000 USD
CY2015Q3 us-gaap Due From Affiliates
DueFromAffiliates
147700000 USD
CY2014Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.27
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.14
CY2015Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.20
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.14
CY2014Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.27
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.12
CY2015Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.20
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.13
us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
-9617000 USD
us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
-22449000 USD
CY2015Q3 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
24500000 USD
us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P1Y9M14D
CY2014Q4 us-gaap Equity Method Investments
EquityMethodInvestments
249403000 USD
CY2015Q3 us-gaap Equity Method Investments
EquityMethodInvestments
275883000 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
7028000 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 September 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 third quarter of 2015.
CY2014Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
341672000 USD
CY2015Q3 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
475032000 USD
CY2015Q3 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
660456000 USD
CY2015Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
41995000 USD
CY2015Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
137629000 USD
CY2015Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
147070000 USD
CY2015Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
159495000 USD
CY2015Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
165497000 USD
us-gaap Finitelived Intangible Assets Acquired1
FinitelivedIntangibleAssetsAcquired1
106928000 USD
CY2015Q3 us-gaap Foreign Currency Cash Flow Hedge Derivative At Fair Value Net
ForeignCurrencyCashFlowHedgeDerivativeAtFairValueNet
44825000 USD
CY2014Q4 us-gaap Foreign Currency Exchange Rate Translation1
ForeignCurrencyExchangeRateTranslation1
1.2156
CY2015Q3 us-gaap Foreign Currency Exchange Rate Translation1
ForeignCurrencyExchangeRateTranslation1
1.1203
us-gaap Gain Loss On Sale Of Properties
GainLossOnSaleOfProperties
24188000 USD
us-gaap Gain Loss On Sale Of Properties
GainLossOnSaleOfProperties
2980000 USD
CY2014Q3 us-gaap Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
260000 USD
us-gaap Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
-3482000 USD
CY2015Q3 us-gaap Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
1779000 USD
us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
0.00
us-gaap Goodwill Written Off Related To Sale Of Business Unit
GoodwillWrittenOffRelatedToSaleOfBusinessUnit
1213000 USD
CY2014Q3 us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
4225000 USD
CY2014Q3 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
20261000 USD
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
62066000 USD
CY2015Q3 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
22842000 USD
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
78987000 USD
CY2014Q4 us-gaap Goodwill
Goodwill
692415000 USD
CY2015Q3 us-gaap Goodwill
Goodwill
684576000 USD
us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
1704000 USD
us-gaap Goodwill Translation Adjustments
GoodwillTranslationAdjustments
-8330000 USD
CY2015Q3 us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
19438000 USD
us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
22711000 USD
CY2014Q3 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
27151000 USD
us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
174362000 USD
CY2015Q3 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
21745000 USD
us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
121209000 USD
CY2014Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
28767000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
194244000 USD
CY2015Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
25160000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
146455000 USD
CY2014Q3 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
27866000 USD
us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
183069000 USD
CY2015Q3 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
21799000 USD
us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
126103000 USD
CY2014Q3 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
0.27
us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
1.80
CY2015Q3 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
0.20
us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
1.14
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
1.78
CY2015Q3 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.20
us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
1.13
CY2014Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
190000 USD
us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
33018000 USD
CY2015Q3 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
CY2014Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Noncontrolling Interest
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToNoncontrollingInterest
-4000 USD
us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Noncontrolling Interest
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToNoncontrollingInterest
174000 USD
CY2015Q3 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
CY2014Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
186000 USD
us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
33192000 USD
CY2015Q3 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
CY2014Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
0.00
CY2014Q3 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
11610000 USD
us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
0.34
CY2015Q3 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
CY2014Q3 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
0.34
CY2015Q3 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
CY2015Q3 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
12635000 USD
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
38630000 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
2776000 USD
CY2014Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
901000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
11175000 USD
CY2015Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
3361000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
20352000 USD
us-gaap Increase Decrease In Deferred Compensation
IncreaseDecreaseInDeferredCompensation
0 USD
us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
33363000 USD
us-gaap Increase Decrease In Restricted Cash
IncreaseDecreaseInRestrictedCash
29219000 USD
us-gaap Increase Decrease In Restricted Cash
IncreaseDecreaseInRestrictedCash
-24607000 USD
CY2014Q4 us-gaap Intangible Assets Net Including Goodwill
IntangibleAssetsNetIncludingGoodwill
2247900000 USD
CY2015Q3 us-gaap Intangible Assets Net Including Goodwill
IntangibleAssetsNetIncludingGoodwill
2149629000 USD
CY2014Q3 us-gaap Interest Expense
InterestExpense
46534000 USD
us-gaap Interest Expense
InterestExpense
133342000 USD
CY2015Q3 us-gaap Interest Expense
InterestExpense
49683000 USD
us-gaap Interest Expense
InterestExpense
145325000 USD
CY2014Q3 us-gaap Interest Income Related Party
InterestIncomeRelatedParty
172000 USD
us-gaap Interest Income Related Party
InterestIncomeRelatedParty
515000 USD
CY2015Q3 us-gaap Interest Income Related Party
InterestIncomeRelatedParty
576000 USD
us-gaap Interest Income Related Party
InterestIncomeRelatedParty
1172000 USD
CY2015Q3 us-gaap Interest Rate Derivatives At Fair Value Net
InterestRateDerivativesAtFairValueNet
-10120000 USD
CY2014Q3 us-gaap Investment Advisory Management And Administrative Fees
InvestmentAdvisoryManagementAndAdministrativeFees
31733000 USD
us-gaap Investment Advisory Management And Administrative Fees
InvestmentAdvisoryManagementAndAdministrativeFees
181843000 USD
CY2015Q3 us-gaap Investment Advisory Management And Administrative Fees
InvestmentAdvisoryManagementAndAdministrativeFees
33490000 USD
us-gaap Investment Advisory Management And Administrative Fees
InvestmentAdvisoryManagementAndAdministrativeFees
135279000 USD
CY2014Q4 us-gaap Liabilities
Liabilities
4751673000 USD
CY2015Q3 us-gaap Liabilities
Liabilities
5253484000 USD
CY2014Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
8648479000 USD
CY2015Q3 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
8888428000 USD
CY2014Q4 us-gaap Line Of Credit
LineOfCredit
807518000 USD
CY2015Q3 us-gaap Line Of Credit
LineOfCredit
435489000 USD
CY2014Q4 us-gaap Long Term Debt
LongTermDebt
250000000 USD
CY2015Q3 us-gaap Long Term Debt
LongTermDebt
250000000 USD
CY2015Q3 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
2326746000 USD
CY2015Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
99128000 USD
CY2015Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
704286000 USD
CY2015Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
722388000 USD
CY2015Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
583195000 USD
CY2015Q3 us-gaap Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year
LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear
167413000 USD
CY2014Q3 us-gaap Management Fees Revenue
ManagementFeesRevenue
9088000 USD
us-gaap Management Fees Revenue
ManagementFeesRevenue
27910000 USD
CY2015Q3 us-gaap Management Fees Revenue
ManagementFeesRevenue
13004000 USD
us-gaap Management Fees Revenue
ManagementFeesRevenue
36236000 USD
CY2014Q4 us-gaap Minority Interest
MinorityInterest
139846000 USD
CY2015Q3 us-gaap Minority Interest
MinorityInterest
134675000 USD
us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
15270000 USD
us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
10116000 USD
us-gaap Minority Interest Decrease From Redemptions
MinorityInterestDecreaseFromRedemptions
280936000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
99139000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
309382000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
46081000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-625201000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
277154000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
330903000 USD
CY2014Q3 us-gaap Net Income Loss
NetIncomeLoss
27337000 USD
us-gaap Net Income Loss
NetIncomeLoss
207554000 USD
CY2015Q3 us-gaap Net Income Loss
NetIncomeLoss
21745000 USD
us-gaap Net Income Loss
NetIncomeLoss
121209000 USD
CY2014Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
993000 USD
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
4914000 USD
CY2015Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
1833000 USD
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
7874000 USD
CY2014Q3 us-gaap Net Income Loss Attributable To Redeemable Noncontrolling Interest
NetIncomeLossAttributableToRedeemableNoncontrollingInterest
-14000 USD
us-gaap Net Income Loss Attributable To Redeemable Noncontrolling Interest
NetIncomeLossAttributableToRedeemableNoncontrollingInterest
137000 USD
CY2015Q3 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
CY2014Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
27224000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
206699000 USD
CY2015Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
21672000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
120801000 USD
CY2014Q3 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
27216000 USD
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
206773000 USD
CY2015Q3 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
21672000 USD
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
120801000 USD
us-gaap Noncontrolling Interest Increase From Business Combination
NoncontrollingInterestIncreaseFromBusinessCombination
99757000 USD
CY2014Q4 us-gaap Noncurrent Assets
NoncurrentAssets
5905958000 USD
CY2015Q3 us-gaap Noncurrent Assets
NoncurrentAssets
6089749000 USD
CY2014Q3 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-40065000 USD
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-4229000 USD
CY2015Q3 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-30440000 USD
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-96751000 USD
CY2014Q4 us-gaap Notes Receivable Net
NotesReceivableNet
837074000 USD
CY2015Q3 us-gaap Notes Receivable Net
NotesReceivableNet
790996000 USD
CY2014Q4 us-gaap Notes Receivable Related Parties
NotesReceivableRelatedParties
0 USD
CY2015Q3 us-gaap Notes Receivable Related Parties
NotesReceivableRelatedParties
106005000 USD
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToNoncontrollingInterest
-3515000 USD
CY2014Q3 us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
-39383000 USD
us-gaap Number Of Operating Segments
NumberOfOperatingSegments
2 segment
CY2015Q3 us-gaap Number Of Real Estate Properties
NumberOfRealEstateProperties
854 property
CY2014Q3 us-gaap Occupancy Net
OccupancyNet
10346000 USD
us-gaap Occupancy Net
OccupancyNet
29976000 USD
CY2015Q3 us-gaap Occupancy Net
OccupancyNet
11120000 USD
us-gaap Occupancy Net
OccupancyNet
31504000 USD
CY2014Q4 us-gaap Other Assets
OtherAssets
300330000 USD
CY2015Q3 us-gaap Other Assets
OtherAssets
353369000 USD
CY2014Q3 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToNoncontrollingInterest
-3504000 USD
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToNoncontrollingInterest
-3951000 USD
CY2015Q3 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToNoncontrollingInterest
43000 USD
us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
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CY2015Q3 us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
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us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
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CY2014Q3 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
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us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
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CY2015Q3 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
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us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
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CY2014Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
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us-gaap Other Comprehensive Income Loss Net Of Tax
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us-gaap Other Comprehensive Income Loss Net Of Tax
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CY2014Q3 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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CY2015Q3 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Noncontrolling Interest
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43000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Noncontrolling Interest
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16151000 USD
us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
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11587000 USD
CY2015Q3 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
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1289000 USD
us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
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18488000 USD
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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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0 USD
CY2015Q3 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
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us-gaap Other Nonoperating Income Expense
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CY2015Q3 us-gaap Other Nonoperating Income Expense
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6608000 USD
us-gaap Other Nonoperating Income Expense
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9944000 USD
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129113000 USD
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19243000 USD
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8344000 USD
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5798000 USD
us-gaap Proceeds From Issuance Initial Public Offering
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282586000 USD
us-gaap Proceeds From Issuance Initial Public Offering
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0 USD
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12330000 USD
us-gaap Other Real Estate Revenue
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21586000 USD
CY2015Q3 us-gaap Other Real Estate Revenue
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8107000 USD
us-gaap Other Real Estate Revenue
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23645000 USD
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1415000 USD
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17590000 USD
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2988000 USD
us-gaap Other Sales Revenue Net
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9319000 USD
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11000000 USD
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155447000 USD
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us-gaap Payments For Proceeds From Other Investing Activities
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700000 USD
us-gaap Payments For Repurchase Of Common Stock
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679000 USD
us-gaap Payments For Software
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16696000 USD
us-gaap Payments For Software
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3482000 USD
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248918000 USD
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302205000 USD
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16194000 USD
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10116000 USD
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12187000 USD
us-gaap Payments Of Financing Costs
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10878000 USD
us-gaap Payments Related To Tax Withholding For Share Based Compensation
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16585000 USD
us-gaap Payments Related To Tax Withholding For Share Based Compensation
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16443000 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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468000 USD
us-gaap Payments To Acquire Equity Method Investments
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15903000 USD
us-gaap Payments To Acquire Marketable Securities
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7664000 USD
us-gaap Payments To Acquire Marketable Securities
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0 USD
us-gaap Payments To Acquire Real Estate
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246593000 USD
us-gaap Payments To Acquire Real Estate
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529812000 USD
us-gaap Payments To Develop Real Estate Assets
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3139000 USD
us-gaap Payments To Develop Real Estate Assets
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3416000 USD
CY2014Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
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0.001
CY2015Q3 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.001
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50000000 shares
CY2015Q3 us-gaap Preferred Stock Shares Authorized
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50000000 shares
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0 shares
CY2015Q3 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
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0 USD
CY2015Q3 us-gaap Preferred Stock Value
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101130448 shares
us-gaap Pro Forma Weighted Average Shares Outstanding Diluted
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101118305 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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10258000 USD
us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
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10057000 USD
us-gaap Proceeds From Issuance Of Secured Debt
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22667000 USD
us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
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1220000 USD
us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
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360000 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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379000 USD
us-gaap Proceeds From Minority Shareholders
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586000 USD
us-gaap Proceeds From Payments To Minority Shareholders
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502000 USD
us-gaap Proceeds From Payments To Minority Shareholders
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586000 USD
us-gaap Proceeds From Repayments Of Restricted Cash Financing Activities
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us-gaap Proceeds From Sale Of Real Estate Heldforinvestment
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281164000 USD
us-gaap Proceeds From Sale Of Real Estate Heldforinvestment
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28949000 USD
us-gaap Proceeds From Unsecured Lines Of Credit
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1285286000 USD
us-gaap Proceeds From Unsecured Lines Of Credit
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758665000 USD
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28316000 USD
us-gaap Profit Loss
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212605000 USD
CY2015Q3 us-gaap Profit Loss
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23578000 USD
us-gaap Profit Loss
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129083000 USD
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258493000 USD
CY2015Q3 us-gaap Real Estate Investment Property Accumulated Depreciation
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351666000 USD
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4833074000 USD
CY2015Q3 us-gaap Real Estate Investment Property Net
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CY2014Q4 us-gaap Real Estate Investments
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5656555000 USD
CY2015Q3 us-gaap Real Estate Investments
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5813866000 USD
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84885000 USD
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82648000 USD
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149243000 USD
us-gaap Real Estate Revenue Net
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420563000 USD
CY2015Q3 us-gaap Real Estate Revenue Net
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164741000 USD
us-gaap Real Estate Revenue Net
RealEstateRevenueNet
487480000 USD
CY2014Q3 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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CY2015Q3 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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3838000 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
CY2014Q4 us-gaap Redeemable Noncontrolling Interest Equity Carrying Amount
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CY2015Q3 us-gaap Redeemable Noncontrolling Interest Equity Carrying Amount
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6271000 USD
us-gaap Reimbursement Revenue
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18034000 USD
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5340000 USD
us-gaap Reimbursement Revenue
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17409000 USD
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us-gaap Repayment Of Notes Receivable From Related Parties
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11000000 USD
us-gaap Repayment Of Notes Receivable From Related Parties
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50000000 USD
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39774000 USD
us-gaap Revenue From Related Parties
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206648000 USD
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44225000 USD
us-gaap Revenue From Related Parties
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164626000 USD
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us-gaap Revenues
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659616000 USD
CY2015Q3 us-gaap Revenues
Revenues
214666000 USD
us-gaap Revenues
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673132000 USD
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SecuredDebt
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us-gaap Share Based Compensation
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us-gaap Share Based Compensation
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us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Total Fair Value
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0
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
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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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CY2015Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
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360000 USD
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282162000 USD
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us-gaap Stock Issued During Period Value Share Based Compensation Gross
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CY2014Q1 us-gaap Stock Repurchased During Period Shares
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3890735000 USD
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3620322000 USD
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306000 USD
us-gaap Temporary Equity Accretion To Redemption Value
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us-gaap Temporary Equity Foreign Currency Translation Adjustments
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CY2015Q3 us-gaap Temporary Equity Foreign Currency Translation Adjustments
TemporaryEquityForeignCurrencyTranslationAdjustments
0 USD
us-gaap Temporary Equity Foreign Currency Translation Adjustments
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0 USD
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TreasuryStockShares
1044416 shares
CY2015Q3 us-gaap Treasury Stock Shares
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60948000 USD
CY2015Q3 us-gaap Treasury Stock Value
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60948000 USD
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113000 USD
us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
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855000 USD
CY2015Q3 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
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73000 USD
us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
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408000 USD
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us-gaap Weighted Average Basic Shares Outstanding Pro Forma
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100080000 shares
CY2014Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
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848366 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
1038306 shares
CY2015Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
523803 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
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830072 shares
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101130448 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2015Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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106337040 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2014Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
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100282082 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
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96690675 shares
CY2015Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
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105813237 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
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105627423 shares
CY2014Q4 wpc Accounts Receivable Billed Under Direct Financing Leases
AccountsReceivableBilledUnderDirectFinancingLeases
1400000 USD
CY2015Q3 wpc Accounts Receivable Billed Under Direct Financing Leases
AccountsReceivableBilledUnderDirectFinancingLeases
1900000 USD
CY2014Q3 wpc Advisory Expense
AdvisoryExpense
381000 USD
wpc Advisory Expense
AdvisoryExpense
2850000 USD
CY2015Q3 wpc Advisory Expense
AdvisoryExpense
1748000 USD
wpc Advisory Expense
AdvisoryExpense
8555000 USD
CY2014Q3 wpc Affiliates Reimbursement Revenue
AffiliatesReimbursementRevenue
14722000 USD
wpc Affiliates Reimbursement Revenue
AffiliatesReimbursementRevenue
96379000 USD
CY2015Q3 wpc Affiliates Reimbursement Revenue
AffiliatesReimbursementRevenue
11155000 USD
wpc Affiliates Reimbursement Revenue
AffiliatesReimbursementRevenue
28401000 USD
CY2014Q4 wpc Asset Management Fees Receivable
AssetManagementFeesReceivable
0 USD
CY2015Q3 wpc Asset Management Fees Receivable
AssetManagementFeesReceivable
2157000 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
102449000 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
BusinessAcquisitionsProFormaNetIncomeLossFromContinuingOperationsAttributableToRedeemableNoncontrollingInterest
137000 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
3909000 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
106495000 USD
CY2014Q4 wpc Capital Leases Net Investment In Direct Financing Leases Excluding Unearned Income
CapitalLeasesNetInvestmentInDirectFinancingLeasesExcludingUnearnedIncome
1723122000 USD
CY2015Q3 wpc Capital Leases Net Investment In Direct Financing Leases Excluding Unearned Income
CapitalLeasesNetInvestmentInDirectFinancingLeasesExcludingUnearnedIncome
1614384000 USD
CY2014Q4 wpc Carrying Value Of Collateral Mortgaged Real Estate
CarryingValueOfCollateralMortgagedRealEstate
3300000000 USD
CY2015Q3 wpc Carrying Value Of Collateral Mortgaged Real Estate
CarryingValueOfCollateralMortgagedRealEstate
3200000000 USD
wpc Change From Net Income To Transfers To Noncontrolling Interest
ChangeFromNetIncomeToTransfersToNoncontrollingInterest
166180000 USD
wpc Change From Net Income To Transfers To Noncontrolling Interest
ChangeFromNetIncomeToTransfersToNoncontrollingInterest
121209000 USD
CY2015Q2 wpc Common Stock Maximum Offering Value
CommonStockMaximumOfferingValue
400000000 USD
CY2014Q3 wpc Comprehensive Income Attributable To Redeemable Noncontrolling Interests
ComprehensiveIncomeAttributableToRedeemableNoncontrollingInterests
18000 USD
wpc Comprehensive Income Attributable To Redeemable Noncontrolling Interests
ComprehensiveIncomeAttributableToRedeemableNoncontrollingInterests
142000 USD
CY2015Q3 wpc Comprehensive Income Attributable To Redeemable Noncontrolling Interests
ComprehensiveIncomeAttributableToRedeemableNoncontrollingInterests
0 USD
wpc Comprehensive Income Attributable To Redeemable Noncontrolling Interests
ComprehensiveIncomeAttributableToRedeemableNoncontrollingInterests
0 USD
wpc Construction In Progress Placed Into Service
ConstructionInProgressPlacedIntoService
51300000 USD
wpc Contract Selling Price
ContractSellingPrice
5000000 USD
CY2014Q4 wpc Current Acquisition Fees Receivable
CurrentAcquisitionFeesReceivable
2463000 USD
CY2015Q3 wpc Current Acquisition Fees Receivable
CurrentAcquisitionFeesReceivable
528000 USD
CY2014Q3 wpc Dealer Manager Feesand Expenses
DealerManagerFeesandExpenses
3847000 USD
wpc Dealer Manager Feesand Expenses
DealerManagerFeesandExpenses
15557000 USD
CY2015Q3 wpc Dealer Manager Feesand Expenses
DealerManagerFeesandExpenses
3185000 USD
wpc Dealer Manager Feesand Expenses
DealerManagerFeesandExpenses
7884000 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 Deferred Acquisition Revenue Received
DeferredAcquisitionRevenueReceived
12693000 USD
wpc Deferred Acquisition Revenue Received
DeferredAcquisitionRevenueReceived
20105000 USD
CY2014Q3 wpc Deferred Revenue Recognized
DeferredRevenueRecognized
0 USD
wpc Deferred Revenue Recognized
DeferredRevenueRecognized
786000 USD
CY2015Q3 wpc Deferred Revenue Recognized
DeferredRevenueRecognized
0 USD
wpc Deferred Revenue Recognized
DeferredRevenueRecognized
0 USD
CY2014Q4 wpc Deferredacquisitionfeesreceivable
Deferredacquisitionfeesreceivable
26913000 USD
CY2015Q3 wpc Deferredacquisitionfeesreceivable
Deferredacquisitionfeesreceivable
28382000 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
CY2015Q3 wpc Discontinued Operation Gains Losseson Extinguishmentof Debt Netof Tax
DiscontinuedOperationGainsLossesonExtinguishmentofDebtNetofTax
0 USD
wpc Discontinued Operation Gains Losseson Extinguishmentof Debt Netof Tax
DiscontinuedOperationGainsLossesonExtinguishmentofDebtNetofTax
0 USD
CY2014Q3 wpc Distributionof Available Cash From Managed Reits
DistributionofAvailableCashFromManagedReits
7893000 USD
wpc Distributionof Available Cash From Managed Reits
DistributionofAvailableCashFromManagedReits
23574000 USD
CY2015Q3 wpc Distributionof Available Cash From Managed Reits
DistributionofAvailableCashFromManagedReits
10182000 USD
wpc Distributionof Available Cash From Managed Reits
DistributionofAvailableCashFromManagedReits
28244000 USD
CY2014Q4 wpc Finite Lived Intangible Asset Acquired In Place Leases Net
FiniteLivedIntangibleAssetAcquiredInPlaceLeasesNet
993819000 USD
CY2015Q3 wpc Finite Lived Intangible Asset Acquired In Place Leases Net
FiniteLivedIntangibleAssetAcquiredInPlaceLeasesNet
928962000 USD
CY2014Q4 wpc Finite Lived Intangible Asset Off Market Lease Favorable Net
FiniteLivedIntangibleAssetOffMarketLeaseFavorableNet
522797000 USD
CY2015Q3 wpc Finite Lived Intangible Asset Off Market Lease Favorable Net
FiniteLivedIntangibleAssetOffMarketLeaseFavorableNet
492754000 USD
CY2015Q3 wpc Finite Lived Intangible Assets Liabilities Net
FiniteLivedIntangibleAssetsLiabilitiesNet
1312142000 USD
CY2014Q4 wpc Finite Lived Intangible Liabilities Accumulated Amortization
FiniteLivedIntangibleLiabilitiesAccumulatedAmortization
24183000 USD
CY2015Q3 wpc Finite Lived Intangible Liabilities Accumulated Amortization
FiniteLivedIntangibleLiabilitiesAccumulatedAmortization
35990000 USD
CY2014Q4 wpc Finite Lived Intangible Liabilities Gross
FiniteLivedIntangibleLiabilitiesGross
182542000 USD
CY2015Q3 wpc Finite Lived Intangible Liabilities Gross
FiniteLivedIntangibleLiabilitiesGross
184926000 USD
CY2014Q4 wpc Finite Lived Intangible Liabilities Net
FiniteLivedIntangibleLiabilitiesNet
158359000 USD
CY2015Q3 wpc Finite Lived Intangible Liabilities Net
FiniteLivedIntangibleLiabilitiesNet
148936000 USD
wpc Foreign Currency Translation Adjustment Attributable To Noncontrolling Interest
ForeignCurrencyTranslationAdjustmentAttributableToNoncontrollingInterest
50000 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
CY2014Q3 wpc Gain On Change In Control Of Interests
GainOnChangeInControlOfInterests
0 USD
wpc Gain On Change In Control Of Interests
GainOnChangeInControlOfInterests
105947000 USD
CY2015Q3 wpc Gain On Change In Control Of Interests
GainOnChangeInControlOfInterests
0 USD
wpc Gain On Change In Control Of Interests
GainOnChangeInControlOfInterests
0 USD
CY2014Q3 wpc Incentive Termination And Subordinated Disposition Revenue
IncentiveTerminationAndSubordinatedDispositionRevenue
0 USD
wpc Incentive Termination And Subordinated Disposition Revenue
IncentiveTerminationAndSubordinatedDispositionRevenue
0 USD
CY2015Q3 wpc Incentive Termination And Subordinated Disposition Revenue
IncentiveTerminationAndSubordinatedDispositionRevenue
0 USD
wpc Incentive Termination And Subordinated Disposition Revenue
IncentiveTerminationAndSubordinatedDispositionRevenue
203000 USD
CY2015Q3 wpc Increase Decrease In Foreign Currency Exchange Rate
IncreaseDecreaseInForeignCurrencyExchangeRate
-0.078
wpc Increase Decrease In Structuring Revenue Receivable
IncreaseDecreaseInStructuringRevenueReceivable
13398000 USD
wpc Increase Decrease In Structuring Revenue Receivable
IncreaseDecreaseInStructuringRevenueReceivable
21574000 USD
CY2014Q4 wpc Indefinite Lived Intangible Asset
IndefiniteLivedIntangibleAsset
696390000 USD
CY2015Q3 wpc Indefinite Lived Intangible Asset
IndefiniteLivedIntangibleAsset
688551000 USD
CY2014Q4 wpc Intangible Assets Gross Including Goodwill
IntangibleAssetsGrossIncludingGoodwill
2589572000 USD
CY2015Q3 wpc Intangible Assets Gross Including Goodwill
IntangibleAssetsGrossIncludingGoodwill
2624661000 USD
CY2014Q4 wpc Intangible Liabilities Gross
IntangibleLiabilitiesGross
199253000 USD
CY2015Q3 wpc Intangible Liabilities Gross
IntangibleLiabilitiesGross
201637000 USD
CY2014Q4 wpc Intangible Liabilities Net
IntangibleLiabilitiesNet
175070000 USD
CY2015Q3 wpc Intangible Liabilities Net
IntangibleLiabilitiesNet
165647000 USD
CY2015Q3 wpc Long Term Debt Before Unamortized Discount
LongTermDebtBeforeUnamortizedDiscount
4603156000 USD
wpc Management Income Received In Shares Of Affiliates
ManagementIncomeReceivedInSharesOfAffiliates
27933000 USD
wpc Management Income Received In Shares Of Affiliates
ManagementIncomeReceivedInSharesOfAffiliates
16808000 USD
wpc Net Income Loss Including Portion Attributable To Redeemable Noncontrolling Interest
NetIncomeLossIncludingPortionAttributableToRedeemableNoncontrollingInterest
212468000 USD
wpc Net Income Loss Including Portion Attributable To Redeemable Noncontrolling Interest
NetIncomeLossIncludingPortionAttributableToRedeemableNoncontrollingInterest
129083000 USD
wpc Net Transfers To Noncontrolling Interest
NetTransfersToNoncontrollingInterest
-41374000 USD
wpc Net Transfers To Noncontrolling Interest
NetTransfersToNoncontrollingInterest
0 USD
CY2015Q3 wpc Number Of Tenants
NumberOfTenants
221 tenant
wpc Occupancy Rate
OccupancyRate
0.988
CY2014Q4 wpc Organization And Offering Costs Receivable
OrganizationAndOfferingCostsReceivable
2120000 USD
CY2015Q3 wpc Organization And Offering Costs Receivable
OrganizationAndOfferingCostsReceivable
1405000 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
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
18488000 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
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
-103127000 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
7879000 USD
wpc Payments To Acquire Real Estate Under Construction
PaymentsToAcquireRealEstateUnderConstruction
27976000 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
216065000 USD
wpc Prepayment Of Mortgage Principal
PrepaymentOfMortgagePrincipal
9678000 USD
CY2014Q3 wpc Real Estate Revenueand Other
RealEstateRevenueandOther
165273000 USD
wpc Real Estate Revenueand Other
RealEstateRevenueandOther
477773000 USD
CY2015Q3 wpc Real Estate Revenueand Other
RealEstateRevenueandOther
181176000 USD
wpc Real Estate Revenueand Other
RealEstateRevenueandOther
537853000 USD
wpc Realized Gain Loss On Foreign Currency Transactions And Other
RealizedGainLossOnForeignCurrencyTransactionsAndOther
-2718000 USD
wpc Realized Gain Loss On Foreign Currency Transactions And Other
RealizedGainLossOnForeignCurrencyTransactionsAndOther
3368000 USD
CY2014Q3 wpc Related Party Reimbursement Revenue
RelatedPartyReimbursementRevenue
14722000 USD
wpc Related Party Reimbursement Revenue
RelatedPartyReimbursementRevenue
96379000 USD
CY2015Q3 wpc Related Party Reimbursement Revenue
RelatedPartyReimbursementRevenue
11155000 USD
wpc Related Party Reimbursement Revenue
RelatedPartyReimbursementRevenue
28401000 USD
CY2014Q4 wpc Related Party Reimbursement Revenue Receivable
RelatedPartyReimbursementRevenueReceivable
301000 USD
CY2015Q3 wpc Related Party Reimbursement Revenue Receivable
RelatedPartyReimbursementRevenueReceivable
5140000 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
StraightLineRentAdjustmentsAndAmortizationOfRentRelatedIntangibles
-35229000 USD
wpc Straight Line Rent Adjustments And Amortization Of Rent Related Intangibles
StraightLineRentAdjustmentsAndAmortizationOfRentRelatedIntangibles
-27980000 USD
CY2014Q3 wpc Structuring Revenue
StructuringRevenue
5487000 USD
wpc Structuring Revenue
StructuringRevenue
40492000 USD
CY2015Q3 wpc Structuring Revenue
StructuringRevenue
8207000 USD
wpc Structuring Revenue
StructuringRevenue
67735000 USD
CY2015Q3 wpc Variable Interest Entities Count
VariableInterestEntitiesCount
18
wpc Vat Paid In Connection With Acquisition Of Real Estate
VatPaidInConnectionWithAcquisitionOfRealEstate
0 USD
wpc Vat Paid In Connection With Acquisition Of Real Estate
VatPaidInConnectionWithAcquisitionOfRealEstate
10263000 USD
CY2014Q3 wpc Wholesaling Revenue
WholesalingRevenue
2436000 USD
wpc Wholesaling Revenue
WholesalingRevenue
17062000 USD
CY2015Q3 wpc Wholesaling Revenue
WholesalingRevenue
1124000 USD
wpc Wholesaling Revenue
WholesalingRevenue
2704000 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;">September&#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%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">ASU 2015-16, Business Combinations (Topic 805) </font><font style="font-family:inherit;font-size:10pt;">&#8212;</font><font style="font-family:inherit;font-size:10pt;font-style:italic;"> </font><font style="font-family:inherit;font-size:10pt;">ASU 2015-16&#160;requires that an acquirer recognize adjustments identified during the business combination measurement period in the reporting period in which the adjustment amounts are determined. The effects&#160;on earnings due to changes in depreciation, amortization, or other income effects as a result of the change are also recognized in the same period&#8217;s financial statements.&#160;ASU 2015-16 also requires that acquirers present separately on the face of the income statement or disclose in the notes to the financial statements the portion of the amount recorded in current-period earnings that would have been recorded in previous reporting periods if the adjustment had been recognized as of the acquisition date.&#160;ASU 2015-16 is effective for fiscal years beginning after December 15, 2015, including interim periods within those fiscal years, early adoption is permitted, and prospective application is required for adjustments that are identified after the effective date of this update. We elected to early adopt ASU 2015-16 and implemented the standard prospectively beginning July 1, 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;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 August 2015, the Financial Accounting Standards Board issued ASU 2015-14, which defers the effective date of ASU 2014-09 for all entities by one year, until years beginning in 2018, with early adoption 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.</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. On January 31, 2014, 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, merged with and into us (</font><a style="font-family:inherit;font-size:10pt;" href="#sD5D58957BC015B198A2BDBBD8F18629D"><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. 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%;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 taxable REIT subsidiaries, or 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;">Through our 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;">September&#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 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;">September&#160;30, 2015</font><font style="font-family:inherit;font-size:10pt;">, we were also the advisor to Carey Watermark Investors Incorporated, referred to as CWI or 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 1 and CWI 2 together 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="#s88892656CD3B5028B7FA74457697B592"><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="#s87EA7F7E1B4D582DB42D21C18D97697A"><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, which 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 July 2015, two registration statements on Form N-2 for two feeder funds of CCIF, or the CCIF Feeder Funds, were declared effective by the SEC.&#160;The CCIF Feeder Funds intend to invest the proceeds that they raise in their respective public offerings into the master fund, CCIF. The advisor to CCIF is wholly owned by us. We refer to CCIF and the CCIF Feeder Funds collectively as the Managed BDCs and, together with the Managed REITs, as the Managed Programs.</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="#s87EA7F7E1B4D582DB42D21C18D97697A"><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="#s88892656CD3B5028B7FA74457697B592"><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;">September&#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;">854</font><font style="font-family:inherit;font-size:10pt;"> properties, totaling approximately </font><font style="font-family:inherit;font-size:10pt;">89.8 million</font><font style="font-family:inherit;font-size:10pt;"> square feet, substantially all of which were net leased to </font><font style="font-family:inherit;font-size:10pt;">221</font><font style="font-family:inherit;font-size:10pt;"> tenants, with an occupancy rate of </font><font style="font-family:inherit;font-size:10pt;">98.8%</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 may 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;">September&#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;">421</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;">47.5 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;">199</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;">157</font><font style="font-family:inherit;font-size:10pt;"> operating properties, totaling approximately </font><font style="font-family:inherit;font-size:10pt;">18.2 million</font><font style="font-family:inherit;font-size:10pt;"> square feet. We continue 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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