2016 Q2 Form 10-Q Financial Statement
#000102537816000085 Filed on August 04, 2016
Income Statement
Concept | 2016 Q2 | 2015 Q2 |
---|---|---|
Revenue | $217.3M | $238.1M |
YoY Change | -8.74% | -6.05% |
Cost Of Revenue | $33.50M | $31.30M |
YoY Change | 7.03% | -53.7% |
Gross Profit | $183.8M | $206.8M |
YoY Change | -11.12% | 11.3% |
Gross Profit Margin | 84.6% | 86.86% |
Selling, General & Admin | $25.00M | $31.50M |
YoY Change | -20.63% | 16.24% |
% of Gross Profit | 13.6% | 15.23% |
Research & Development | ||
YoY Change | ||
% of Gross Profit | ||
Depreciation & Amortization | $37.00M | $76.50M |
YoY Change | -51.63% | -3.41% |
% of Gross Profit | 20.13% | 36.99% |
Operating Expenses | $91.50M | $96.60M |
YoY Change | -5.28% | 6.62% |
Operating Profit | $92.30M | $110.2M |
YoY Change | -16.24% | 15.76% |
Interest Expense | $46.75M | $47.69M |
YoY Change | -1.97% | -0.08% |
% of Operating Profit | 50.65% | 43.28% |
Other Income/Expense, Net | -$29.90M | -$25.78M |
YoY Change | 15.97% | -35.0% |
Pretax Income | $26.67M | $81.92M |
YoY Change | -67.44% | 56.35% |
Income Tax | -$8.217M | $15.01M |
% Of Pretax Income | -30.81% | 18.32% |
Net Earnings | $51.66M | $63.35M |
YoY Change | -18.45% | -2.15% |
Net Earnings / Revenue | 23.78% | 26.61% |
Basic Earnings Per Share | $0.48 | $0.60 |
Diluted Earnings Per Share | $0.48 | $0.59 |
COMMON SHARES | ||
Basic Shares Outstanding | 106.3M shares | 105.8M shares |
Diluted Shares Outstanding | 106.5M shares | 106.3M shares |
Balance Sheet
Concept | 2016 Q2 | 2015 Q2 |
---|---|---|
SHORT-TERM ASSETS | ||
Cash & Short-Term Investments | $173.0M | $234.0M |
YoY Change | -26.07% | 8.84% |
Cash & Equivalents | $173.3M | $233.6M |
Short-Term Investments | ||
Other Short-Term Assets | ||
YoY Change | ||
Inventory | ||
Prepaid Expenses | ||
Receivables | ||
Other Receivables | ||
Total Short-Term Assets | $230.0M | $411.0M |
YoY Change | -44.04% | 61.18% |
LONG-TERM ASSETS | ||
Property, Plant & Equipment | $4.893B | $5.057B |
YoY Change | -3.24% | 15.85% |
Goodwill | $640.6M | $687.1M |
YoY Change | -6.77% | -1.69% |
Intangibles | ||
YoY Change | ||
Long-Term Investments | $286.8M | $263.4M |
YoY Change | 8.87% | 24.71% |
Other Assets | $276.0M | $0.00 |
YoY Change | ||
Total Long-Term Assets | $8.453B | $8.557B |
YoY Change | -1.22% | 6.44% |
TOTAL ASSETS | ||
Total Short-Term Assets | $230.0M | $411.0M |
Total Long-Term Assets | $8.453B | $8.557B |
Total Assets | $8.683B | $8.968B |
YoY Change | -3.18% | 8.12% |
SHORT-TERM LIABILITIES | ||
YoY Change | ||
Accounts Payable | $271.0M | $313.0M |
YoY Change | -13.42% | 16.36% |
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 | $376.0M | $415.0M |
YoY Change | -9.4% | 15.28% |
LONG-TERM LIABILITIES | ||
Long-Term Debt | $4.642B | $4.545B |
YoY Change | 2.13% | 19.67% |
Other Long-Term Liabilities | $128.0M | $172.0M |
YoY Change | -25.58% | -17.7% |
Total Long-Term Liabilities | $4.770B | $4.717B |
YoY Change | 1.12% | 17.72% |
TOTAL LIABILITIES | ||
Total Short-Term Liabilities | $376.0M | $415.0M |
Total Long-Term Liabilities | $4.770B | $4.717B |
Total Liabilities | $5.219B | $5.219B |
YoY Change | -0.01% | 17.13% |
SHAREHOLDERS EQUITY | ||
Retained Earnings | ||
YoY Change | ||
Common Stock | $105.0K | $105.0K |
YoY Change | 0.0% | 5.0% |
Preferred Stock | ||
YoY Change | ||
Treasury Stock (at cost) | $60.95M | |
YoY Change | 0.0% | |
Treasury Stock Shares | 1.044M shares | |
Shareholders Equity | $3.332B | $3.599B |
YoY Change | ||
Total Liabilities & Shareholders Equity | $8.683B | $8.968B |
YoY Change | -3.18% | 8.12% |
Cashflow Statement
Concept | 2016 Q2 | 2015 Q2 |
---|---|---|
OPERATING ACTIVITIES | ||
Net Income | $51.66M | $63.35M |
YoY Change | -18.45% | -2.15% |
Depreciation, Depletion And Amortization | $37.00M | $76.50M |
YoY Change | -51.63% | -3.41% |
Cash From Operating Activities | $124.3M | $135.2M |
YoY Change | -8.06% | 8.25% |
INVESTING ACTIVITIES | ||
Capital Expenditures | -$402.2M | -$64.60M |
YoY Change | 522.6% | 16.82% |
Acquisitions | ||
YoY Change | ||
Other Investing Activities | $93.40M | -$93.00M |
YoY Change | -200.43% | -256.83% |
Cash From Investing Activities | -$308.8M | -$157.5M |
YoY Change | 96.06% | -4037.5% |
FINANCING ACTIVITIES | ||
Cash Dividend Paid | ||
YoY Change | ||
Common Stock Issuance & Retirement, Net | ||
YoY Change | ||
Debt Paid & Issued, Net | ||
YoY Change | ||
Cash From Financing Activities | 94.70M | 43.90M |
YoY Change | 115.72% | -139.06% |
NET CHANGE | ||
Cash From Operating Activities | 124.3M | 135.2M |
Cash From Investing Activities | -308.8M | -157.5M |
Cash From Financing Activities | 94.70M | 43.90M |
Net Change In Cash | -89.80M | 21.60M |
YoY Change | -515.74% | 30.91% |
FREE CASH FLOW | ||
Cash From Operating Activities | $124.3M | $135.2M |
Capital Expenditures | -$402.2M | -$64.60M |
Free Cash Flow | $526.5M | $199.8M |
YoY Change | 163.51% | 10.88% |
Facts In Submission
Frame | Concept Type | Concept / XBRL Key | Value | Unit |
---|---|---|---|---|
dei |
Document Fiscal Period Focus
DocumentFiscalPeriodFocus
|
Q2 | ||
dei |
Document Fiscal Year Focus
DocumentFiscalYearFocus
|
2016 | ||
dei |
Amendment Flag
AmendmentFlag
|
false | ||
dei |
Current Fiscal Year End Date
CurrentFiscalYearEndDate
|
--12-31 | ||
dei |
Document Period End Date
DocumentPeriodEndDate
|
2016-06-30 | ||
dei |
Document Type
DocumentType
|
10-Q | ||
dei |
Entity Central Index Key
EntityCentralIndexKey
|
0001025378 | ||
CY2016Q3 | dei |
Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
|
105733727 | shares |
dei |
Entity Filer Category
EntityFilerCategory
|
Large Accelerated Filer | ||
dei |
Entity Registrant Name
EntityRegistrantName
|
W. P. Carey Inc. | ||
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Accounts And Notes Receivable Net
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Accounts Payable And Accrued Liabilities Current And Noncurrent
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Accounts Payable And Accrued Liabilities Current And Noncurrent
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Accounts Receivable Related Parties
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Accounts Receivable Related Parties
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Accumulated Distributions In Excess Of Net Income
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738652000 | USD |
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Accumulated Distributions In Excess Of Net Income
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Accumulated Other Comprehensive Income Loss Net Of Tax
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Accumulated Other Comprehensive Income Loss Net Of Tax
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Additional Paid In Capital
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Adjustments To Additional Paid In Capital Tax Effect From Share Based Compensation
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Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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Asset Impairment Charges
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Depreciation Amortization And Accretion Net
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|
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Depreciation Amortization And Accretion Net
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Depreciation And Amortization
DepreciationAndAmortization
|
65166000 | USD |
us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
130566000 | USD | |
CY2016Q2 | us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
66581000 | USD |
us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
151033000 | USD | |
CY2015Q4 | us-gaap |
Derivative Fair Value Of Derivative Asset Amount Not Offset Against Collateral
DerivativeFairValueOfDerivativeAssetAmountNotOffsetAgainstCollateral
|
50320000 | USD |
CY2016Q2 | us-gaap |
Derivative Fair Value Of Derivative Asset Amount Not Offset Against Collateral
DerivativeFairValueOfDerivativeAssetAmountNotOffsetAgainstCollateral
|
49012000 | USD |
CY2015Q4 | us-gaap |
Derivative Fair Value Of Derivative Liability Amount Not Offset Against Collateral
DerivativeFairValueOfDerivativeLiabilityAmountNotOffsetAgainstCollateral
|
7374000 | USD |
CY2016Q2 | us-gaap |
Derivative Fair Value Of Derivative Liability Amount Not Offset Against Collateral
DerivativeFairValueOfDerivativeLiabilityAmountNotOffsetAgainstCollateral
|
7449000 | USD |
CY2015Q2 | us-gaap |
Derivative Instruments Gain Loss Recognized In Other Comprehensive Income Effective Portion Net
DerivativeInstrumentsGainLossRecognizedInOtherComprehensiveIncomeEffectivePortionNet
|
-10590000 | USD |
us-gaap |
Derivative Instruments Gain Loss Recognized In Other Comprehensive Income Effective Portion Net
DerivativeInstrumentsGainLossRecognizedInOtherComprehensiveIncomeEffectivePortionNet
|
19583000 | USD | |
CY2016Q2 | us-gaap |
Derivative Instruments Gain Loss Recognized In Other Comprehensive Income Effective Portion Net
DerivativeInstrumentsGainLossRecognizedInOtherComprehensiveIncomeEffectivePortionNet
|
9992000 | USD |
us-gaap |
Derivative Instruments Gain Loss Recognized In Other Comprehensive Income Effective Portion Net
DerivativeInstrumentsGainLossRecognizedInOtherComprehensiveIncomeEffectivePortionNet
|
-3797000 | USD | |
CY2015Q2 | us-gaap |
Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet
|
1074000 | USD |
us-gaap |
Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet
|
2239000 | USD | |
CY2016Q2 | us-gaap |
Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet
|
1759000 | USD |
us-gaap |
Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet
|
2675000 | USD | |
CY2015Q4 | us-gaap |
Derivative Net Liability Position Aggregate Fair Value
DerivativeNetLiabilityPositionAggregateFairValue
|
8200000 | USD |
CY2016Q2 | us-gaap |
Derivative Net Liability Position Aggregate Fair Value
DerivativeNetLiabilityPositionAggregateFairValue
|
8400000 | USD |
us-gaap |
Derivative Remaining Maturity1
DerivativeRemainingMaturity1
|
P6Y6M | ||
CY2016Q1 | us-gaap |
Dividend Payable Date To Be Paid Day Month And Year
DividendPayableDateToBePaidDayMonthAndYear
|
2016-04-15 | |
us-gaap |
Dividend Payable Date To Be Paid Day Month And Year
DividendPayableDateToBePaidDayMonthAndYear
|
2016-07-15 | ||
CY2016Q2 | us-gaap |
Dividends
Dividends
|
104000000 | USD |
us-gaap |
Dividends
Dividends
|
202362000 | USD | |
us-gaap |
Dividends
Dividends
|
208118000 | USD | |
CY2015Q4 | us-gaap |
Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
|
102715000 | USD |
CY2016Q2 | us-gaap |
Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
|
104911000 | USD |
CY2015Q4 | us-gaap |
Due From Affiliates
DueFromAffiliates
|
62218000 | USD |
CY2016Q2 | us-gaap |
Due From Affiliates
DueFromAffiliates
|
57353000 | USD |
us-gaap |
Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
|
-20865000 | USD | |
us-gaap |
Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
|
852000 | USD | |
CY2016Q2 | us-gaap |
Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
|
29300000 | USD |
us-gaap |
Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
|
P2Y2M13D | ||
us-gaap |
Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
|
24578000 | USD | |
us-gaap |
Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
|
32365000 | USD | |
CY2015Q4 | us-gaap |
Equity Method Investments
EquityMethodInvestments
|
275473000 | USD |
CY2016Q2 | us-gaap |
Equity Method Investments
EquityMethodInvestments
|
286775000 | USD |
us-gaap |
Excess Tax Benefit From Share Based Compensation Financing Activities
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
|
6524000 | USD | |
us-gaap |
Excess Tax Benefit From Share Based Compensation Financing Activities
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
|
0 | USD | |
CY2015 | us-gaap |
Extinguishment Of Debt Amount
ExtinguishmentOfDebtAmount
|
36500000 | USD |
CY2015 | us-gaap |
Extinguishment Of Debt Gain Loss Net Of Tax
ExtinguishmentOfDebtGainLossNetOfTax
|
-5300000 | 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. | ||
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 2016. | ||
CY2015Q4 | us-gaap |
Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
|
512392000 | USD |
CY2016Q2 | us-gaap |
Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
|
506463000 | USD |
CY2016Q2 | us-gaap |
Foreign Currency Cash Flow Hedge Derivative At Fair Value Net
ForeignCurrencyCashFlowHedgeDerivativeAtFairValueNet
|
45567000 | USD |
us-gaap |
Gain Loss On Sale Of Properties
GainLossOnSaleOfProperties
|
1201000 | USD | |
us-gaap |
Gain Loss On Sale Of Properties
GainLossOnSaleOfProperties
|
18944000 | 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 | |
CY2016Q2 | us-gaap |
Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
|
18282000 | USD |
us-gaap |
Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
|
18944000 | USD | |
CY2015Q2 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
26376000 | USD |
us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
56144000 | USD | |
CY2016Q2 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
20951000 | USD |
us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
42389000 | USD | |
CY2015Q4 | us-gaap |
Goodwill
Goodwill
|
681809000 | USD |
CY2016Q2 | us-gaap |
Goodwill
Goodwill
|
640588000 | USD |
us-gaap |
Goodwill Impairment Loss
GoodwillImpairmentLoss
|
10191000 | USD | |
us-gaap |
Goodwill Translation Adjustments
GoodwillTranslationAdjustments
|
2214000 | USD | |
us-gaap |
Goodwill Written Off Related To Sale Of Business Unit
GoodwillWrittenOffRelatedToSaleOfBusinessUnit
|
33244000 | USD | |
CY2015Q2 | us-gaap |
Impairment Of Real Estate
ImpairmentOfRealEstate
|
591000 | USD |
us-gaap |
Impairment Of Real Estate
ImpairmentOfRealEstate
|
3274000 | USD | |
CY2016Q2 | us-gaap |
Impairment Of Real Estate
ImpairmentOfRealEstate
|
35429000 | USD |
us-gaap |
Impairment Of Real Estate
ImpairmentOfRealEstate
|
35429000 | USD | |
CY2015Q2 | us-gaap |
Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
|
63348000 | USD |
us-gaap |
Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
|
99464000 | USD | |
CY2016Q2 | us-gaap |
Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
|
51661000 | USD |
us-gaap |
Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
|
109100000 | 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 | |
CY2016Q2 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
26672000 | USD |
us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
87399000 | 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 | |
CY2016Q2 | us-gaap |
Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
|
34889000 | USD |
us-gaap |
Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
|
95091000 | USD | |
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 | ||
CY2016Q2 | us-gaap |
Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
|
0.48 | |
us-gaap |
Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
|
1.02 | ||
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 | ||
CY2016Q2 | us-gaap |
Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
|
0.48 | |
us-gaap |
Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
|
1.02 | ||
CY2015Q2 | us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
14272000 | USD |
us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
25995000 | USD | |
CY2016Q2 | us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
16429000 | USD |
us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
31440000 | USD | |
us-gaap |
Income Loss From Equity Method Investments Net Of Dividends Or Distributions
IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions
|
25995000 | USD | |
us-gaap |
Income Loss From Equity Method Investments Net Of Dividends Or Distributions
IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions
|
31440000 | USD | |
CY2015Q2 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
15010000 | USD |
us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
16990000 | USD | |
CY2016Q2 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
-8217000 | USD |
us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
-7692000 | USD | |
us-gaap |
Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
|
24204000 | USD | |
us-gaap |
Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
|
6226000 | USD | |
us-gaap |
Increase Decrease In Restricted Cash
IncreaseDecreaseInRestrictedCash
|
-31692000 | USD | |
us-gaap |
Increase Decrease In Restricted Cash
IncreaseDecreaseInRestrictedCash
|
-6343000 | USD | |
CY2015Q4 | us-gaap |
Intangible Assets Net Including Goodwill
IntangibleAssetsNetIncludingGoodwill
|
2105263000 | USD |
CY2016Q2 | us-gaap |
Intangible Assets Net Including Goodwill
IntangibleAssetsNetIncludingGoodwill
|
1950270000 | USD |
CY2015Q2 | us-gaap |
Interest Expense
InterestExpense
|
47693000 | USD |
us-gaap |
Interest Expense
InterestExpense
|
95642000 | USD | |
CY2016Q2 | us-gaap |
Interest Expense
InterestExpense
|
46752000 | USD |
us-gaap |
Interest Expense
InterestExpense
|
95147000 | USD | |
CY2015Q2 | us-gaap |
Interest Income Related Party
InterestIncomeRelatedParty
|
442000 | USD |
us-gaap |
Interest Income Related Party
InterestIncomeRelatedParty
|
596000 | USD | |
CY2016Q2 | us-gaap |
Interest Income Related Party
InterestIncomeRelatedParty
|
168000 | USD |
us-gaap |
Interest Income Related Party
InterestIncomeRelatedParty
|
362000 | USD | |
CY2016Q2 | us-gaap |
Interest Rate Derivatives At Fair Value Net
InterestRateDerivativesAtFairValueNet
|
-7421000 | USD |
CY2015Q2 | us-gaap |
Investment Advisory Management And Administrative Fees
InvestmentAdvisoryManagementAndAdministrativeFees
|
57827000 | USD |
us-gaap |
Investment Advisory Management And Administrative Fees
InvestmentAdvisoryManagementAndAdministrativeFees
|
101790000 | USD | |
CY2016Q2 | us-gaap |
Investment Advisory Management And Administrative Fees
InvestmentAdvisoryManagementAndAdministrativeFees
|
34439000 | USD |
us-gaap |
Investment Advisory Management And Administrative Fees
InvestmentAdvisoryManagementAndAdministrativeFees
|
83683000 | USD | |
CY2015Q4 | us-gaap |
Liabilities
Liabilities
|
5165717000 | USD |
CY2016Q2 | us-gaap |
Liabilities
Liabilities
|
5218606000 | USD |
CY2015Q4 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
8742089000 | USD |
CY2016Q2 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
8682571000 | USD |
CY2015Q4 | us-gaap |
Line Of Credit
LineOfCredit
|
485021000 | USD |
CY2016Q2 | us-gaap |
Line Of Credit
LineOfCredit
|
793770000 | USD |
CY2015Q4 | us-gaap |
Long Term Debt
LongTermDebt
|
249683000 | USD |
CY2016Q2 | us-gaap |
Long Term Debt
LongTermDebt
|
249853000 | USD |
CY2016Q2 | us-gaap |
Long Term Debt Maturities Repayments Of Principal After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
|
2088518000 | USD |
CY2016Q2 | us-gaap |
Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
|
222553000 | USD |
CY2016Q2 | us-gaap |
Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
|
99882000 | USD |
CY2016Q2 | us-gaap |
Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
|
1062407000 | USD |
CY2016Q2 | us-gaap |
Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
|
922333000 | USD |
CY2016Q2 | us-gaap |
Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year
LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear
|
262527000 | USD |
CY2015Q2 | us-gaap |
Management Fees Revenue
ManagementFeesRevenue
|
12073000 | USD |
us-gaap |
Management Fees Revenue
ManagementFeesRevenue
|
23232000 | USD | |
CY2016Q2 | us-gaap |
Management Fees Revenue
ManagementFeesRevenue
|
15005000 | USD |
us-gaap |
Management Fees Revenue
ManagementFeesRevenue
|
29618000 | USD | |
CY2015Q4 | us-gaap |
Minority Interest
MinorityInterest
|
134185000 | USD |
CY2016Q2 | us-gaap |
Minority Interest
MinorityInterest
|
130737000 | USD |
us-gaap |
Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
|
6652000 | USD | |
us-gaap |
Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
|
9328000 | USD | |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
362708000 | USD | |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-6360000 | USD | |
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-522949000 | USD | |
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-214628000 | USD | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
216052000 | USD | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
236214000 | USD | |
CY2015Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
63348000 | USD |
us-gaap |
Net Income Loss
NetIncomeLoss
|
99464000 | USD | |
CY2016Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
51661000 | USD |
us-gaap |
Net Income Loss
NetIncomeLoss
|
109100000 | 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 | |
CY2016Q2 | us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
1510000 | USD |
us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
4935000 | 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 | |
CY2016Q2 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
51487000 | USD |
us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
108732000 | USD | |
CY2015Q4 | us-gaap |
Noncurrent Assets
NoncurrentAssets
|
6102017000 | USD |
CY2016Q2 | us-gaap |
Noncurrent Assets
NoncurrentAssets
|
6197190000 | USD |
CY2015Q2 | us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
-25780000 | USD |
us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
-66312000 | USD | |
CY2016Q2 | us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
-29897000 | USD |
us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
-59410000 | USD | |
CY2015Q4 | us-gaap |
Notes Receivable Net
NotesReceivableNet
|
767036000 | USD |
CY2016Q2 | us-gaap |
Notes Receivable Net
NotesReceivableNet
|
751608000 | USD |
us-gaap |
Number Of Operating Segments
NumberOfOperatingSegments
|
2 | segment | |
CY2015Q2 | us-gaap |
Occupancy Net
OccupancyNet
|
11020000 | USD |
us-gaap |
Occupancy Net
OccupancyNet
|
20384000 | USD | |
CY2016Q2 | us-gaap |
Occupancy Net
OccupancyNet
|
10510000 | USD |
us-gaap |
Occupancy Net
OccupancyNet
|
28282000 | USD | |
CY2015Q4 | us-gaap |
Other Assets
OtherAssets
|
360898000 | USD |
CY2016Q2 | us-gaap |
Other Assets
OtherAssets
|
348233000 | 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 |
Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToNoncontrollingInterest
|
-3558000 | USD | |
CY2016Q2 | us-gaap |
Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToNoncontrollingInterest
|
-1037000 | USD |
us-gaap |
Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToNoncontrollingInterest
|
833000 | 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 | |
CY2016Q2 | us-gaap |
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
-44208000 | USD |
us-gaap |
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
-30175000 | 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 | |
CY2016Q2 | us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
-35335000 | USD |
us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
-33077000 | USD | |
CY2015Q2 | us-gaap |
Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
|
-9619000 | USD |
us-gaap |
Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
|
17199000 | USD | |
CY2016Q2 | us-gaap |
Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
|
8869000 | USD |
us-gaap |
Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
|
-2906000 | USD | |
CY2015Q2 | us-gaap |
Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
|
0 | USD |
us-gaap |
Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
|
14000 | USD | |
CY2016Q2 | us-gaap |
Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
|
4000 | USD |
us-gaap |
Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
|
4000 | USD | |
CY2015Q2 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
7641000 | USD |
us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
3335000 | USD | |
CY2016Q2 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
426000 | USD |
us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
4297000 | USD | |
CY2015Q2 | us-gaap |
Other Real Estate Revenue
OtherRealEstateRevenue
|
8426000 | USD |
us-gaap |
Other Real Estate Revenue
OtherRealEstateRevenue
|
15538000 | USD | |
CY2016Q2 | us-gaap |
Other Real Estate Revenue
OtherRealEstateRevenue
|
8270000 | USD |
us-gaap |
Other Real Estate Revenue
OtherRealEstateRevenue
|
15172000 | USD | |
CY2015Q2 | us-gaap |
Other Sales Revenue Net
OtherSalesRevenueNet
|
3122000 | USD |
us-gaap |
Other Sales Revenue Net
OtherSalesRevenueNet
|
6331000 | USD | |
CY2016Q2 | us-gaap |
Other Sales Revenue Net
OtherSalesRevenueNet
|
838000 | USD |
us-gaap |
Other Sales Revenue Net
OtherSalesRevenueNet
|
33379000 | USD | |
us-gaap |
Payments For Advance To Affiliate
PaymentsForAdvanceToAffiliate
|
122447000 | USD | |
us-gaap |
Payments For Advance To Affiliate
PaymentsForAdvanceToAffiliate
|
20000000 | USD | |
us-gaap |
Payments For Capital Improvements
PaymentsForCapitalImprovements
|
0 | USD | |
us-gaap |
Payments For Capital Improvements
PaymentsForCapitalImprovements
|
14861000 | USD | |
us-gaap |
Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
|
-977000 | USD | |
us-gaap |
Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
|
-475000 | USD | |
us-gaap |
Payments For Proceeds From Productive Assets
PaymentsForProceedsFromProductiveAssets
|
2312000 | USD | |
us-gaap |
Payments For Proceeds From Productive Assets
PaymentsForProceedsFromProductiveAssets
|
803000 | USD | |
us-gaap |
Payments For Repurchase Of Redeemable Noncontrolling Interest
PaymentsForRepurchaseOfRedeemableNoncontrollingInterest
|
13418000 | USD | |
us-gaap |
Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
|
200915000 | USD | |
us-gaap |
Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
|
205922000 | USD | |
us-gaap |
Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
|
6652000 | USD | |
us-gaap |
Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
|
9328000 | USD | |
us-gaap |
Payments Of Financing Costs
PaymentsOfFinancingCosts
|
10886000 | USD | |
us-gaap |
Payments Of Financing Costs
PaymentsOfFinancingCosts
|
255000 | USD | |
us-gaap |
Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
|
15402000 | USD | |
us-gaap |
Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
|
8450000 | USD | |
us-gaap |
Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
|
8643000 | USD | |
us-gaap |
Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
|
6000 | USD | |
us-gaap |
Payments To Acquire Real Estate
PaymentsToAcquireRealEstate
|
435915000 | USD | |
us-gaap |
Payments To Acquire Real Estate
PaymentsToAcquireRealEstate
|
385835000 | USD | |
us-gaap |
Payments To Develop Real Estate Assets
PaymentsToDevelopRealEstateAssets
|
2026000 | USD | |
us-gaap |
Payments To Develop Real Estate Assets
PaymentsToDevelopRealEstateAssets
|
4553000 | USD | |
CY2015Q4 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.001 | |
CY2016Q2 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.001 | |
CY2015Q4 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
50000000 | shares |
us-gaap |
Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
|
136000 | USD | |
CY2016Q2 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
50000000 | shares |
CY2015Q4 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
0 | shares |
CY2016Q2 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
0 | shares |
CY2015Q4 | us-gaap |
Preferred Stock Value
PreferredStockValue
|
0 | USD |
CY2016Q2 | us-gaap |
Preferred Stock Value
PreferredStockValue
|
0 | USD |
us-gaap |
Proceeds From Collection Of Notes Receivable
ProceedsFromCollectionOfNotesReceivable
|
9964000 | USD | |
us-gaap |
Proceeds From Collection Of Notes Receivable
ProceedsFromCollectionOfNotesReceivable
|
293000 | USD | |
CY2015Q4 | us-gaap |
Proceeds From Deposits On Real Estate Sales
ProceedsFromDepositsOnRealEstateSales
|
12700000 | USD |
us-gaap |
Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
|
3383000 | USD | |
us-gaap |
Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
|
2174000 | USD | |
us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
0 | USD | |
us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
18890000 | USD | |
us-gaap |
Proceeds From Issuance Of Secured Debt
ProceedsFromIssuanceOfSecuredDebt
|
17778000 | USD | |
us-gaap |
Proceeds From Issuance Of Secured Debt
ProceedsFromIssuanceOfSecuredDebt
|
0 | USD | |
us-gaap |
Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
|
256000 | USD | |
us-gaap |
Proceeds From Issuance Of Unsecured Debt
ProceedsFromIssuanceOfUnsecuredDebt
|
1022303000 | USD | |
us-gaap |
Proceeds From Issuance Of Unsecured Debt
ProceedsFromIssuanceOfUnsecuredDebt
|
0 | USD | |
us-gaap |
Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
|
483000 | USD | |
us-gaap |
Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
|
112000 | USD | |
us-gaap |
Proceeds From Payments To Minority Shareholders
ProceedsFromPaymentsToMinorityShareholders
|
483000 | USD | |
us-gaap |
Proceeds From Payments To Minority Shareholders
ProceedsFromPaymentsToMinorityShareholders
|
112000 | USD | |
us-gaap |
Proceeds From Repayments Of Restricted Cash Financing Activities
ProceedsFromRepaymentsOfRestrictedCashFinancingActivities
|
-342000 | USD | |
us-gaap |
Proceeds From Repayments Of Restricted Cash Financing Activities
ProceedsFromRepaymentsOfRestrictedCashFinancingActivities
|
807000 | USD | |
us-gaap |
Proceeds From Sale Of Real Estate Heldforinvestment
ProceedsFromSaleOfRealEstateHeldforinvestment
|
24016000 | USD | |
us-gaap |
Proceeds From Sale Of Real Estate Heldforinvestment
ProceedsFromSaleOfRealEstateHeldforinvestment
|
200575000 | USD | |
us-gaap |
Proceeds From Unsecured Lines Of Credit
ProceedsFromUnsecuredLinesOfCredit
|
484122000 | USD | |
us-gaap |
Proceeds From Unsecured Lines Of Credit
ProceedsFromUnsecuredLinesOfCredit
|
575568000 | USD | |
CY2015Q2 | us-gaap |
Profit Loss
ProfitLoss
|
66923000 | USD |
us-gaap |
Profit Loss
ProfitLoss
|
105505000 | USD | |
CY2016Q2 | us-gaap |
Profit Loss
ProfitLoss
|
53171000 | USD |
us-gaap |
Profit Loss
ProfitLoss
|
114035000 | USD | |
us-gaap |
Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
|
0 | USD | |
us-gaap |
Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
|
7064000 | USD | |
CY2015Q4 | us-gaap |
Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
|
381529000 | USD |
CY2016Q2 | us-gaap |
Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
|
420420000 | USD |
CY2015Q4 | us-gaap |
Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
|
5011145000 | USD |
CY2016Q2 | us-gaap |
Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
|
4892894000 | USD |
CY2015Q4 | us-gaap |
Real Estate Investments
RealEstateInvestments
|
5826544000 | USD |
CY2016Q2 | us-gaap |
Real Estate Investments
RealEstateInvestments
|
5910415000 | USD |
CY2015Q4 | us-gaap |
Real Estate Investments Other
RealEstateInvestmentsOther
|
82749000 | USD |
CY2016Q2 | us-gaap |
Real Estate Investments Other
RealEstateInvestmentsOther
|
81508000 | USD |
CY2015Q2 | us-gaap |
Real Estate Revenue Net
RealEstateRevenueNet
|
162574000 | USD |
us-gaap |
Real Estate Revenue Net
RealEstateRevenueNet
|
322739000 | USD | |
CY2016Q2 | us-gaap |
Real Estate Revenue Net
RealEstateRevenueNet
|
167328000 | USD |
us-gaap |
Real Estate Revenue Net
RealEstateRevenueNet
|
342572000 | USD | |
CY2015Q4 | us-gaap |
Redeemable Noncontrolling Interest Equity Carrying Amount
RedeemableNoncontrollingInterestEquityCarryingAmount
|
14944000 | USD |
CY2016Q2 | us-gaap |
Redeemable Noncontrolling Interest Equity Carrying Amount
RedeemableNoncontrollingInterestEquityCarryingAmount
|
965000 | USD |
CY2015Q2 | us-gaap |
Reimbursement Revenue
ReimbursementRevenue
|
6130000 | USD |
us-gaap |
Reimbursement Revenue
ReimbursementRevenue
|
12069000 | USD | |
CY2016Q2 | us-gaap |
Reimbursement Revenue
ReimbursementRevenue
|
6391000 | USD |
us-gaap |
Reimbursement Revenue
ReimbursementRevenue
|
12700000 | USD | |
CY2015Q4 | us-gaap |
Rental Properties
RentalProperties
|
5309925000 | USD |
CY2016Q2 | us-gaap |
Rental Properties
RentalProperties
|
5231806000 | USD |
us-gaap |
Repayment Of Notes Receivable From Related Parties
RepaymentOfNotesReceivableFromRelatedParties
|
0 | USD | |
us-gaap |
Repayment Of Notes Receivable From Related Parties
RepaymentOfNotesReceivableFromRelatedParties
|
20000000 | USD | |
us-gaap |
Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
|
913868000 | USD | |
us-gaap |
Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
|
274967000 | USD | |
us-gaap |
Repayments Of Secured Debt
RepaymentsOfSecuredDebt
|
36095000 | USD | |
us-gaap |
Repayments Of Secured Debt
RepaymentsOfSecuredDebt
|
43905000 | USD | |
CY2015Q2 | us-gaap |
Restructuring Charges
RestructuringCharges
|
0 | USD |
us-gaap |
Restructuring Charges
RestructuringCharges
|
0 | USD | |
CY2016Q2 | us-gaap |
Restructuring Charges
RestructuringCharges
|
452000 | USD |
us-gaap |
Restructuring Charges
RestructuringCharges
|
11925000 | USD | |
CY2016Q2 | us-gaap |
Restructuring Reserve
RestructuringReserve
|
6500000 | USD |
CY2015Q2 | us-gaap |
Revenue From Related Parties
RevenueFromRelatedParties
|
67525000 | USD |
us-gaap |
Revenue From Related Parties
RevenueFromRelatedParties
|
120401000 | USD | |
CY2016Q2 | us-gaap |
Revenue From Related Parties
RevenueFromRelatedParties
|
44753000 | USD |
us-gaap |
Revenue From Related Parties
RevenueFromRelatedParties
|
105149000 | USD | |
CY2015Q2 | us-gaap |
Revenues
Revenues
|
238079000 | USD |
us-gaap |
Revenues
Revenues
|
458467000 | USD | |
CY2016Q2 | us-gaap |
Revenues
Revenues
|
217266000 | USD |
us-gaap |
Revenues
Revenues
|
487506000 | USD | |
CY2015Q4 | us-gaap |
Secured Debt
SecuredDebt
|
2269421000 | USD |
CY2016Q2 | us-gaap |
Secured Debt
SecuredDebt
|
2110441000 | USD |
CY2015Q4 | us-gaap |
Senior Notes
SeniorNotes
|
1476084000 | USD |
CY2016Q2 | us-gaap |
Senior Notes
SeniorNotes
|
1487864000 | USD |
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Total Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodTotalFairValue
|
26100000 | USD | |
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
|
0 | ||
CY2016Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
|
150969 | shares |
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
|
1900000 | USD | |
CY2016Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
|
161227 | shares |
us-gaap |
Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
|
54336 | shares | |
us-gaap |
Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
|
14533000 | USD | |
us-gaap |
Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
|
7059000 | USD | |
us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
18610000 | USD | |
us-gaap |
Stock Issued During Period Value Share Based Compensation Gross
StockIssuedDuringPeriodValueShareBasedCompensationGross
|
614000 | USD | |
us-gaap |
Stock Issued During Period Value Share Based Compensation Gross
StockIssuedDuringPeriodValueShareBasedCompensationGross
|
1397000 | USD | |
CY2015Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
3427243000 | USD |
CY2016Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
3332263000 | USD |
CY2014Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
3890735000 | USD |
CY2015Q2 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
3735105000 | USD |
CY2015Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
3561428000 | USD |
CY2016Q2 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
3463000000 | USD |
us-gaap |
Temporary Equity Accretion To Redemption Value
TemporaryEquityAccretionToRedemptionValue
|
-7303000 | USD | |
us-gaap |
Temporary Equity Accretion To Redemption Value
TemporaryEquityAccretionToRedemptionValue
|
561000 | USD | |
CY2015Q2 | us-gaap |
Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
|
218000 | USD |
us-gaap |
Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
|
342000 | USD | |
CY2016Q2 | us-gaap |
Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
|
174000 | USD |
us-gaap |
Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
|
368000 | USD | |
CY2015Q4 | us-gaap |
Variable Interest Entity Entity Maximum Loss Exposure Amount
VariableInterestEntityEntityMaximumLossExposureAmount
|
154800000 | USD |
CY2016Q2 | us-gaap |
Variable Interest Entity Entity Maximum Loss Exposure Amount
VariableInterestEntityEntityMaximumLossExposureAmount
|
153500000 | USD |
CY2015Q2 | us-gaap |
Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
|
517951 | shares |
us-gaap |
Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
|
822426 | shares | |
CY2016Q2 | us-gaap |
Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
|
219674 | shares |
us-gaap |
Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
|
379345 | shares | |
CY2015Q2 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
106281983 | shares |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
106355402 | shares | |
CY2016Q2 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
106530036 | shares |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
106504226 | shares | |
CY2015Q2 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
105764032 | shares |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
105532976 | shares | |
CY2016Q2 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
106310362 | shares |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
106124881 | shares | |
CY2015Q4 | wpc |
Additional Lease Term
AdditionalLeaseTerm
|
P15Y | |
CY2015Q2 | wpc |
Advisory Expense
AdvisoryExpense
|
4147000 | USD |
wpc |
Advisory Expense
AdvisoryExpense
|
6808000 | USD | |
CY2016Q2 | wpc |
Advisory Expense
AdvisoryExpense
|
1875000 | USD |
wpc |
Advisory Expense
AdvisoryExpense
|
5168000 | USD | |
CY2015Q2 | wpc |
Affiliates Reimbursement Revenue
AffiliatesReimbursementRevenue
|
7639000 | USD |
wpc |
Affiliates Reimbursement Revenue
AffiliatesReimbursementRevenue
|
17246000 | USD | |
CY2016Q2 | wpc |
Affiliates Reimbursement Revenue
AffiliatesReimbursementRevenue
|
12094000 | USD |
wpc |
Affiliates Reimbursement Revenue
AffiliatesReimbursementRevenue
|
31832000 | USD | |
CY2015Q2 | wpc |
Allocated Stock Based Compensation Expense Excluding Restructuring Expense
AllocatedStockBasedCompensationExpenseExcludingRestructuringExpense
|
5089000 | USD |
wpc |
Allocated Stock Based Compensation Expense Excluding Restructuring Expense
AllocatedStockBasedCompensationExpenseExcludingRestructuringExpense
|
12098000 | USD | |
CY2016Q2 | wpc |
Allocated Stock Based Compensation Expense Excluding Restructuring Expense
AllocatedStockBasedCompensationExpenseExcludingRestructuringExpense
|
4001000 | USD |
wpc |
Allocated Stock Based Compensation Expense Excluding Restructuring Expense
AllocatedStockBasedCompensationExpenseExcludingRestructuringExpense
|
10608000 | USD | |
CY2015Q4 | wpc |
Asset Management Fees Receivable
AssetManagementFeesReceivable
|
2172000 | USD |
CY2016Q2 | wpc |
Asset Management Fees Receivable
AssetManagementFeesReceivable
|
2378000 | USD |
CY2015 | wpc |
Contract Termination Income
ContractTerminationIncome
|
15000000 | USD |
CY2016Q1 | wpc |
Contract Termination Income
ContractTerminationIncome
|
32200000 | USD |
CY2015Q4 | wpc |
Current Acquisition Fees Receivable
CurrentAcquisitionFeesReceivable
|
4909000 | USD |
CY2016Q2 | wpc |
Current Acquisition Fees Receivable
CurrentAcquisitionFeesReceivable
|
1396000 | USD |
CY2015Q2 | wpc |
Dealer Manager Feesand Expenses
DealerManagerFeesandExpenses
|
2327000 | USD |
wpc |
Dealer Manager Feesand Expenses
DealerManagerFeesandExpenses
|
4699000 | USD | |
CY2016Q2 | wpc |
Dealer Manager Feesand Expenses
DealerManagerFeesandExpenses
|
2620000 | USD |
wpc |
Dealer Manager Feesand Expenses
DealerManagerFeesandExpenses
|
5972000 | USD | |
wpc |
Deferred Acquisition Revenue Received
DeferredAcquisitionRevenueReceived
|
14084000 | USD | |
wpc |
Deferred Acquisition Revenue Received
DeferredAcquisitionRevenueReceived
|
11833000 | USD | |
CY2015Q4 | wpc |
Deferredacquisitionfeesreceivable
Deferredacquisitionfeesreceivable
|
33386000 | USD |
CY2016Q2 | wpc |
Deferredacquisitionfeesreceivable
Deferredacquisitionfeesreceivable
|
25912000 | USD |
CY2015Q2 | wpc |
Distributionof Available Cash From Managed Reits
DistributionofAvailableCashFromManagedReits
|
9256000 | USD |
wpc |
Distributionof Available Cash From Managed Reits
DistributionofAvailableCashFromManagedReits
|
18062000 | USD | |
CY2016Q2 | wpc |
Distributionof Available Cash From Managed Reits
DistributionofAvailableCashFromManagedReits
|
10161000 | USD |
wpc |
Distributionof Available Cash From Managed Reits
DistributionofAvailableCashFromManagedReits
|
21142000 | USD | |
CY2015Q4 | wpc |
Finite Lived Intangible Asset Acquired In Place Leases Net
FiniteLivedIntangibleAssetAcquiredInPlaceLeasesNet
|
902848000 | USD |
CY2016Q2 | wpc |
Finite Lived Intangible Asset Acquired In Place Leases Net
FiniteLivedIntangibleAssetAcquiredInPlaceLeasesNet
|
843154000 | USD |
CY2015Q4 | wpc |
Finite Lived Intangible Asset Off Market Lease Favorable Net
FiniteLivedIntangibleAssetOffMarketLeaseFavorableNet
|
475072000 | USD |
CY2016Q2 | wpc |
Finite Lived Intangible Asset Off Market Lease Favorable Net
FiniteLivedIntangibleAssetOffMarketLeaseFavorableNet
|
422748000 | USD |
CY2015Q4 | wpc |
Finite Lived Intangible Liabilities Accumulated Amortization
FiniteLivedIntangibleLiabilitiesAccumulatedAmortization
|
46647000 | USD |
CY2016Q2 | wpc |
Finite Lived Intangible Liabilities Accumulated Amortization
FiniteLivedIntangibleLiabilitiesAccumulatedAmortization
|
37639000 | USD |
CY2015Q4 | wpc |
Finite Lived Intangible Liabilities Gross
FiniteLivedIntangibleLiabilitiesGross
|
184251000 | USD |
CY2016Q2 | wpc |
Finite Lived Intangible Liabilities Gross
FiniteLivedIntangibleLiabilitiesGross
|
149394000 | USD |
CY2015Q4 | wpc |
Finite Lived Intangible Liabilities Net
FiniteLivedIntangibleLiabilitiesNet
|
137604000 | USD |
CY2016Q2 | wpc |
Finite Lived Intangible Liabilities Net
FiniteLivedIntangibleLiabilitiesNet
|
111755000 | USD |
wpc |
Funds Capitalized For Construction In Progress
FundsCapitalizedForConstructionInProgress
|
28800000 | USD | |
CY2015Q2 | wpc |
Incentive Termination And Subordinated Disposition Revenue
IncentiveTerminationAndSubordinatedDispositionRevenue
|
0 | USD |
wpc |
Incentive Termination And Subordinated Disposition Revenue
IncentiveTerminationAndSubordinatedDispositionRevenue
|
203000 | USD | |
CY2016Q2 | wpc |
Incentive Termination And Subordinated Disposition Revenue
IncentiveTerminationAndSubordinatedDispositionRevenue
|
0 | USD |
wpc |
Incentive Termination And Subordinated Disposition Revenue
IncentiveTerminationAndSubordinatedDispositionRevenue
|
0 | USD | |
wpc |
Increase Decrease In Structuring Revenue Receivable
IncreaseDecreaseInStructuringRevenueReceivable
|
17896000 | USD | |
wpc |
Increase Decrease In Structuring Revenue Receivable
IncreaseDecreaseInStructuringRevenueReceivable
|
4298000 | USD | |
CY2015Q4 | wpc |
Indefinite Lived Intangible Asset
IndefiniteLivedIntangibleAsset
|
686679000 | USD |
CY2016Q2 | wpc |
Indefinite Lived Intangible Asset
IndefiniteLivedIntangibleAsset
|
645475000 | USD |
CY2015Q4 | wpc |
Intangible Assets Gross Including Goodwill
IntangibleAssetsGrossIncludingGoodwill
|
2617655000 | USD |
CY2016Q2 | wpc |
Intangible Assets Gross Including Goodwill
IntangibleAssetsGrossIncludingGoodwill
|
2456733000 | USD |
CY2015Q4 | wpc |
Intangible Liabilities Gross
IntangibleLiabilitiesGross
|
200962000 | USD |
CY2016Q2 | wpc |
Intangible Liabilities Gross
IntangibleLiabilitiesGross
|
166105000 | USD |
CY2015Q4 | wpc |
Intangible Liabilities Net
IntangibleLiabilitiesNet
|
154315000 | USD |
CY2016Q2 | wpc |
Intangible Liabilities Net
IntangibleLiabilitiesNet
|
128466000 | USD |
CY2016Q1 | wpc |
Lease Termination Fee
LeaseTerminationFee
|
22200000 | USD |
CY2016Q2 | wpc |
Long Term Debt Before Unamortized Discount
LongTermDebtBeforeUnamortizedDiscount
|
4658220000 | USD |
wpc |
Management Income Received In Shares Of Affiliates
ManagementIncomeReceivedInSharesOfAffiliates
|
10699000 | USD | |
wpc |
Management Income Received In Shares Of Affiliates
ManagementIncomeReceivedInSharesOfAffiliates
|
13973000 | USD | |
CY2016Q2 | wpc |
Maximum Cash Distribution Per Credit Agreement
MaximumCashDistributionPerCreditAgreement
|
100000000 | USD |
wpc |
Net Income Loss Including Portion Attributable To Redeemable Noncontrolling Interest
NetIncomeLossIncludingPortionAttributableToRedeemableNoncontrollingInterest
|
105505000 | USD | |
wpc |
Net Income Loss Including Portion Attributable To Redeemable Noncontrolling Interest
NetIncomeLossIncludingPortionAttributableToRedeemableNoncontrollingInterest
|
114035000 | USD | |
wpc |
Number Of Construction Projects During Period
NumberOfConstructionProjectsDuringPeriod
|
5 | property | |
CY2015Q4 | wpc |
Organization And Offering Costs Receivable
OrganizationAndOfferingCostsReceivable
|
461000 | USD |
CY2016Q2 | wpc |
Organization And Offering Costs Receivable
OrganizationAndOfferingCostsReceivable
|
1860000 | 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 And Redeemable Noncontrolling Interest Net Of Tax
OtherComprehensiveIncomeLossUnrealizedGainLossOnDerivativesArisingDuringPeriodIncludingPortionAttributableToNoncontrollingInterestAndRedeemableNoncontrollingInterestNetOfTax
|
-2906000 | 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 Loss Unrealized Gain Loss On Derivatives Arising During Period Including Portion Attributable To Noncontrolling Interest Redeemable Noncontrolling Interest Net Of Tax
OtherComprehensiveIncomeLossUnrealizedGainLossOnDerivativesArisingDuringPeriodIncludingPortionAttributableToNoncontrollingInterestRedeemableNoncontrollingInterestNetOfTax
|
-30175000 | 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 |
Percentage Of Available Cash Distribution To Advisor
PercentageOfAvailableCashDistributionToAdvisor
|
0.1 | ||
wpc |
Other Comprehensive Income Lossunrealizedholding Gain Loss On Securities Arising During Period Including Portion Attributable To Redeemable Noncontrolling Interest Net Of Tax
OtherComprehensiveIncomeLossunrealizedholdingGainLossOnSecuritiesArisingDuringPeriodIncludingPortionAttributableToRedeemableNoncontrollingInterestNetOfTax
|
4000 | USD | |
wpc |
Payments To Acquire Real Estate Under Construction
PaymentsToAcquireRealEstateUnderConstruction
|
21638000 | USD | |
wpc |
Payments To Acquire Real Estate Under Construction
PaymentsToAcquireRealEstateUnderConstruction
|
18430000 | USD | |
wpc |
Prepayment Of Mortgage Principal
PrepaymentOfMortgagePrincipal
|
0 | USD | |
wpc |
Prepayment Of Mortgage Principal
PrepaymentOfMortgagePrincipal
|
67496000 | USD | |
CY2015Q2 | wpc |
Real Estate Revenueand Other
RealEstateRevenueandOther
|
180252000 | USD |
wpc |
Real Estate Revenueand Other
RealEstateRevenueandOther
|
356677000 | USD | |
CY2016Q2 | wpc |
Real Estate Revenueand Other
RealEstateRevenueandOther
|
182827000 | USD |
wpc |
Real Estate Revenueand Other
RealEstateRevenueandOther
|
403823000 | USD | |
wpc |
Realized Gain Loss On Foreign Currency Transactions And Other
RealizedGainLossOnForeignCurrencyTransactionsAndOther
|
-1452000 | USD | |
wpc |
Realized Gain Loss On Foreign Currency Transactions And Other
RealizedGainLossOnForeignCurrencyTransactionsAndOther
|
2202000 | USD | |
CY2015Q2 | wpc |
Related Party Reimbursement Revenue
RelatedPartyReimbursementRevenue
|
7639000 | USD |
wpc |
Related Party Reimbursement Revenue
RelatedPartyReimbursementRevenue
|
17246000 | USD | |
CY2016Q2 | wpc |
Related Party Reimbursement Revenue
RelatedPartyReimbursementRevenue
|
12094000 | USD |
wpc |
Related Party Reimbursement Revenue
RelatedPartyReimbursementRevenue
|
31832000 | USD | |
CY2015Q4 | wpc |
Related Party Reimbursement Revenue Receivable
RelatedPartyReimbursementRevenueReceivable
|
5579000 | USD |
CY2016Q2 | wpc |
Related Party Reimbursement Revenue Receivable
RelatedPartyReimbursementRevenueReceivable
|
3813000 | USD |
wpc |
Straight Line Rent Adjustments And Amortization Of Rent Related Intangibles
StraightLineRentAdjustmentsAndAmortizationOfRentRelatedIntangibles
|
19793000 | USD | |
wpc |
Straight Line Rent Adjustments And Amortization Of Rent Related Intangibles
StraightLineRentAdjustmentsAndAmortizationOfRentRelatedIntangibles
|
-27381000 | USD | |
CY2015Q2 | wpc |
Structuring Revenue
StructuringRevenue
|
37808000 | USD |
wpc |
Structuring Revenue
StructuringRevenue
|
59528000 | USD | |
CY2016Q2 | wpc |
Structuring Revenue
StructuringRevenue
|
5968000 | USD |
wpc |
Structuring Revenue
StructuringRevenue
|
18689000 | USD | |
CY2015Q4 | wpc |
Unfunded Commitment
UnfundedCommitment
|
12200000 | USD |
CY2016Q2 | wpc |
Unfunded Commitment
UnfundedCommitment
|
129600000 | USD |
CY2016Q2 | wpc |
Variable Interest Entities Consolidated Count
VariableInterestEntitiesConsolidatedCount
|
29 | vie |
CY2016Q2 | wpc |
Variable Interest Entities Count
VariableInterestEntitiesCount
|
36 | vie |
CY2016Q2 | wpc |
Variable Interest Entities Unconsolidated Count
VariableInterestEntitiesUnconsolidatedCount
|
7 | vie |
CY2015Q2 | wpc |
Wholesaling Revenue
WholesalingRevenue
|
307000 | USD |
wpc |
Wholesaling Revenue
WholesalingRevenue
|
1581000 | USD | |
CY2016Q2 | wpc |
Wholesaling Revenue
WholesalingRevenue
|
1372000 | USD |
wpc |
Wholesaling Revenue
WholesalingRevenue
|
3544000 | 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 30, 2016</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%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Recent Accounting Pronouncements</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 May 2014, the FASB issued</font><font style="font-family:inherit;font-size:10pt;font-style:italic;"> ASU 2014-09</font><font style="font-family:inherit;font-size:10pt;">, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Revenue from Contracts with Customers (Topic 606).</font><font style="font-family:inherit;font-size:10pt;"> ASU 2014-09 is a comprehensive new revenue recognition model requiring a company to recognize revenue to depict the transfer of goods or services to a customer at an amount reflecting the consideration it expects to receive in exchange for those goods or services. ASU 2014-09 does not apply to our lease revenues, but will apply to reimbursed tenant costs and revenues generated from our operating properties and our Investment Management business. Additionally, this guidance modifies disclosures regarding the nature, amount, timing and uncertainty of revenue and cash flows arising from contracts with customers. In August 2015, the FASB 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. 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 style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In February 2015, the FASB issued </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">ASU 2015-02, Consolidation (Topic 810).</font><font style="font-family:inherit;font-size:10pt;"> ASU 2015-02 amends the current consolidation guidance, including modification of the guidance for evaluating whether limited partnerships and similar legal entities are VIEs or voting interest entities. The guidance does not amend the existing disclosure requirements for VIEs or voting interest model entities. The guidance, however, modified the requirements to qualify under the voting interest model. Under the revised guidance, ASU 2015-02 requires an entity to classify a limited liability company or a limited partnership as a VIE unless the partnership provides partners with either substantive kick-out rights or substantive participating rights over the managing member or general partner. Refer to the discussion in the Basis of Consolidation section above.</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In April 2015, the FASB issued </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">ASU 2015-03, Interest-Imputation of Interest (Subtopic 835-30)</font><font style="font-family:inherit;font-size:10pt;">. ASU 2015-03 changes the presentation of debt issuance costs, which were previously recognized as an asset, and requires that they be presented in the balance sheet as a direct deduction from the carrying amount of that debt liability. 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, and retrospective application is required. We adopted ASU 2015-03 on January 1, 2016 and have disclosed the reclassification of our debt issuance costs in the Reclassifications section above.</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In September 2015, the FASB issued </font><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;"> ASU 2015-16 eliminates the requirement that an acquirer in a business combination account for measurement period adjustments retrospectively. Instead, an acquirer will recognize a measurement period adjustment during the period in which it determines the amount of the adjustment, including the effect on earnings of any amounts it would have recorded in previous periods if the accounting had been completed at the acquisition date. 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. The adoption and implementation of the standard did not have a material impact on our consolidated financial statements.</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In February 2016, the FASB issued </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">ASU 2016-02, Leases (Topic 842). </font><font style="font-family:inherit;font-size:10pt;">ASU 2016-02 outlines a new model for accounting by lessees, whereby their rights and obligations under substantially all leases, existing and new, would be capitalized and recorded on the balance sheet. For lessors, however, the accounting remains largely unchanged from the current model, with the distinction between operating and financing leases retained, but updated to align with certain changes to the lessee model and the new revenue recognition standard. The new standard also replaces existing sale-leaseback guidance with a new model applicable to both lessees and lessors. Additionally, the new standard requires extensive quantitative and qualitative disclosures. ASU 2016-02 is effective for U.S. GAAP public companies for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years; for all other entities, the final lease standard will be effective for fiscal years beginning after December 15, 2019, and interim periods within fiscal years beginning after December 15, 2020. Early application will be permitted for all entities. The new standard must be adopted using a modified retrospective transition of the new guidance and provides for certain practical expedients. Transition will require application of the new model at the beginning of the earliest comparative period presented. We are evaluating the impact of the new standard and have not yet determined if it will have a material impact on our business or our consolidated financial statements. </font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In March 2016, the FASB issued </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">ASU 2016-05, Derivatives and Hedging (Topic 815): Effect of derivative contract novations on existing hedge accounting relationships.</font><font style="font-family:inherit;font-size:10pt;"> ASU 2016-05 clarifies that a change in counterparty to a derivative contract, in and of itself, does not require the dedesignation of a hedging relationship. ASU 2016-05 is effective for fiscal years beginning after December 15, 2016, including interim periods within those years. Early adoption is permitted and entities have the option of adopting this guidance on a prospective basis to new derivative contracts or on a modified retrospective basis. We elected to early adopt ASU 2016-05 on January 1, 2016 on a prospective basis, and there was no impact on our consolidated financial statements.</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In March 2016, the FASB issued </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">ASU 2016-07, Investments - Equity Method and Joint Ventures (Topic 323). </font><font style="font-family:inherit;font-size:10pt;">ASU 2016-07 simplifies the transition to the equity method of accounting. ASU 2016-07 eliminates the requirement to apply the equity method of accounting retrospectively when a reporting entity obtains significant influence over a previously held investment. Instead the equity method of accounting will be applied prospectively from the date significant influence is obtained. The new standard should be applied prospectively for investments that qualify for the equity method of accounting in interim and annual periods beginning after December 15, 2016. Early adoption is permitted, and we elected to early adopt this standard as of January 1, 2016. The adoption of this standard had no impact on our consolidated financial statements.</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In March 2016, the FASB issued </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">ASU 2016-09, Improvements to Employee Share-Based Payment Accounting. </font><font style="font-family:inherit;font-size:10pt;">ASU 2016-09 amends Accounting Standards Codification Topic 718, Compensation-Stock Based Compensation to simplify various aspects of how share-based payments are accounted for and presented in the financial statements including (i) reflecting income tax effects of share-based payments through the income statement, (ii) allowing statutory tax withholding requirements at the employees’ maximum individual tax rate without requiring awards to be classified as liabilities and (iii) permitting an entity to make an accounting policy election for the impact of forfeitures on the recognition of expense. ASU 2016-09 is effective for public business entities for annual reporting periods beginning after December 15, 2016, and interim periods within that reporting period, with early adoption permitted. We are in the process of evaluating the impact of adopting ASU 2016-09 on our consolidated financial statements.</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In June 2016, the FASB issued </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">ASU 2016-13, Financial Instruments - Credit Losses. </font><font style="font-family:inherit;font-size:10pt;">ASU 2016-13 introduces a new model for estimating credit losses for certain types of financial instruments, including loans receivable, held-to-maturity debt securities, and net investments in direct financing leases, amongst other financial instruments. ASU 2016-13 also modifies the impairment model for available-for-sale debt securities and expands the disclosure requirements regarding an entity’s assumptions, models, and methods for estimating the allowance for losses. ASU 2016-13 will be effective for public business entities in fiscal years beginning after December 15, 2019, including interim periods within those fiscal years, with early application of the guidance permitted. We are in the process of evaluating the impact of adopting ASU 2016-13 on our consolidated financial statements.</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;"> </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, 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">®</sup></font><font style="font-family:inherit;font-size:10pt;">:15 Merger. On January 31, 2014, Corporate Property Associates 16 – Global Incorporated, or CPA</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;">:16 – Global, merged with and into us, 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">®</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 “WPC.”</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 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 Owned Real Estate 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">®</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 and invest in similar properties. At </font><font style="font-family:inherit;font-size:10pt;">June 30, 2016</font><font style="font-family:inherit;font-size:10pt;">, we were the advisor to Corporate Property Associates 17 – Global Incorporated, or CPA</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;">:17 – Global, and Corporate Property Associates 18 – Global Incorporated, or CPA</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;">:18 – Global. We refer to CPA</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;">:17 – Global and CPA</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;">:18 – 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">®</sup></font><font style="font-family:inherit;font-size:10pt;"> REITs. At </font><font style="font-family:inherit;font-size:10pt;">June 30, 2016</font><font style="font-family:inherit;font-size:10pt;">, we were also the advisor to Carey Watermark Investors Incorporated, referred 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 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">®</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="#s408806D789F7529CBA31B157D78EE7AE"><font style="font-family:inherit;font-size:10pt;">Note 3</font></a><font style="font-family:inherit;font-size:10pt;">). At </font><font style="font-family:inherit;font-size:10pt;">June 30, 2016</font><font style="font-family:inherit;font-size:10pt;">, we also served as the advisor to Carey Credit Income Fund, or CCIF, a business development company, or BDC (</font><a style="font-family:inherit;font-size:10pt;" href="#s60FC41508A355A9AB3816FC1A1723195"><font style="font-family:inherit;font-size:10pt;">Note 6</font></a><font style="font-family:inherit;font-size:10pt;">). We refer to CCIF and the two feeder funds of CCIF, or 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;">On April 20, 2016, we formed a limited partnership, Carey European Student Housing Fund I, L.P., or CESH I, for the purpose of developing, owning, and operating student housing properties and similar investments in Europe. CESH I commenced fundraising in July 2016 through a private placement offering with an initial aggregate offering of </font><font style="font-family:inherit;font-size:10pt;">$100.0 million</font><font style="font-family:inherit;font-size:10pt;"> and a maximum offering of </font><font style="font-family:inherit;font-size:10pt;">$150.0 million</font><font style="font-family:inherit;font-size:10pt;">. The financial results and balances of CESH I were included in our consolidated financial statements during the three and </font><font style="font-family:inherit;font-size:10pt;">six months ended June 30, 2016</font><font style="font-family:inherit;font-size:10pt;">. We will continue to consolidate the financial activity of CESH I until the point at which it has sufficient equity to finance its operations.</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;">On May 4, 2016, we filed a registration statement with the SEC for Corporate Property Associates 19 – Global Incorporated, or CPA</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;">:19 – Global, a diversified non-traded REIT, for a capital raise of up to </font><font style="font-family:inherit;font-size:10pt;">$2.0 billion</font><font style="font-family:inherit;font-size:10pt;">, which includes </font><font style="font-family:inherit;font-size:10pt;">$500.0 million</font><font style="font-family:inherit;font-size:10pt;"> of shares allocated to CPA</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;">:19 – Global’s distribution reinvestment plan. CPA</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;">:19 – Global’s registration statement remains subject to review by the SEC and state securities regulators, so there can be no assurances as to whether or when the related offering will commence. Through </font><font style="font-family:inherit;font-size:10pt;">June 30, 2016</font><font style="font-family:inherit;font-size:10pt;">, the financial activity of CPA</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;">:19 – Global, which has no significant assets, liabilities, or operations, was included in our consolidated financial statements. We will continue to consolidate the financial activity of CPA</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;">:19 – Global until the point at which it has sufficient equity to finance its operations.</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;"> </font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Owned Real Estate</font><font style="font-family:inherit;font-size:10pt;"> — We own and invest in commercial properties principally in the United States, Europe, Australia, 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 Programs (</font><a style="font-family:inherit;font-size:10pt;" href="#s60FC41508A355A9AB3816FC1A1723195"><font style="font-family:inherit;font-size:10pt;">Note 6</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="#s408806D789F7529CBA31B157D78EE7AE"><font style="font-family:inherit;font-size:10pt;">Note 3</font></a><font style="font-family:inherit;font-size:10pt;">). At </font><font style="font-family:inherit;font-size:10pt;">June 30, 2016</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;">914</font><font style="font-family:inherit;font-size:10pt;"> properties, totaling approximately </font><font style="font-family:inherit;font-size:10pt;">92.8 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;"> — 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 management revenue. We also earn asset management revenue from CCIF based on the average of its gross assets at fair value. 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 through our advisory agreements with certain of the Managed Programs, including in connection with providing liquidity events for the Managed REITs’ stockholders. At </font><font style="font-family:inherit;font-size:10pt;">June 30, 2016</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">®</sup></font><font style="font-family:inherit;font-size:10pt;">:17 – Global and CPA</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;">:18 – Global collectively owned all or a portion of </font><font style="font-family:inherit;font-size:10pt;">437</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;">49.5 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;">206</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;">99.8%</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;">174</font><font style="font-family:inherit;font-size:10pt;"> operating properties, totaling approximately </font><font style="font-family:inherit;font-size:10pt;">20.0 million</font><font style="font-family:inherit;font-size:10pt;"> square feet. We continue to explore alternatives for expanding our investment management operations beyond advising the existing Managed Programs. 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. These new funds could invest primarily in assets other than net-lease real estate and could include funds raised through private placements, such as CESH I, or publicly-traded vehicles, either in the United States or internationally.</font></div></div> |