2016 Q2 Form 10-Q Financial Statement

#000102537816000085 Filed on August 04, 2016

View on sec.gov

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

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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
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us-gaap Reimbursement Revenue
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6391000 USD
us-gaap Reimbursement Revenue
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12700000 USD
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us-gaap Repayment Of Notes Receivable From Related Parties
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us-gaap Restructuring Charges
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120401000 USD
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44753000 USD
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238079000 USD
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0
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150969 shares
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218000 USD
us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
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342000 USD
CY2016Q2 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
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174000 USD
us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
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368000 USD
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153500000 USD
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517951 shares
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822426 shares
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219674 shares
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379345 shares
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106504226 shares
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us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
105532976 shares
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106310362 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
106124881 shares
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P15Y
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wpc Advisory Expense
AdvisoryExpense
6808000 USD
CY2016Q2 wpc Advisory Expense
AdvisoryExpense
1875000 USD
wpc Advisory Expense
AdvisoryExpense
5168000 USD
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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
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5089000 USD
wpc Allocated Stock Based Compensation Expense Excluding Restructuring Expense
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12098000 USD
CY2016Q2 wpc Allocated Stock Based Compensation Expense Excluding Restructuring Expense
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4001000 USD
wpc Allocated Stock Based Compensation Expense Excluding Restructuring Expense
AllocatedStockBasedCompensationExpenseExcludingRestructuringExpense
10608000 USD
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2172000 USD
CY2016Q2 wpc Asset Management Fees Receivable
AssetManagementFeesReceivable
2378000 USD
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15000000 USD
CY2016Q1 wpc Contract Termination Income
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32200000 USD
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4909000 USD
CY2016Q2 wpc Current Acquisition Fees Receivable
CurrentAcquisitionFeesReceivable
1396000 USD
CY2015Q2 wpc Dealer Manager Feesand Expenses
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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
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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
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9256000 USD
wpc Distributionof Available Cash From Managed Reits
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18062000 USD
CY2016Q2 wpc Distributionof Available Cash From Managed Reits
DistributionofAvailableCashFromManagedReits
10161000 USD
wpc Distributionof Available Cash From Managed Reits
DistributionofAvailableCashFromManagedReits
21142000 USD
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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
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17896000 USD
wpc Increase Decrease In Structuring Revenue Receivable
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4298000 USD
CY2015Q4 wpc Indefinite Lived Intangible Asset
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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
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5 property
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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
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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&#160;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&#8217; 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.&#160;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&#8217;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;">&#160;</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">W. P. Carey Inc., or W. P. Carey, is, together with its consolidated subsidiaries, a REIT that provides long-term financing via sale-leaseback and build-to-suit transactions for companies worldwide and manages a global investment portfolio. We invest primarily in commercial properties domestically and internationally. We earn revenue principally by leasing the properties we own to single corporate tenants, primarily on a triple-net lease basis, which generally requires each tenant to pay substantially all of the costs associated with operating and maintaining the property.</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Originally founded in 1973, we reorganized as a REIT in September 2012 in connection with our merger with Corporate Property Associates 15 Incorporated. We refer to that merger as the CPA</font><font style="font-family:inherit;font-size:10pt;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">&#174;</sup></font><font style="font-family:inherit;font-size:10pt;">:15 Merger. On January 31, 2014, Corporate Property Associates 16 &#8211; Global Incorporated, or CPA</font><font style="font-family:inherit;font-size:10pt;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">&#174;</sup></font><font style="font-family:inherit;font-size:10pt;">:16 &#8211; Global, merged with and into us, which we refer to as the CPA</font><font style="font-family:inherit;font-size:10pt;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">&#174;</sup></font><font style="font-family:inherit;font-size:10pt;">:16 Merger. Our shares of common stock are listed on the New York Stock Exchange under the symbol &#8220;WPC.&#8221;</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">We have elected to be taxed as a REIT under Section&#160;856 through 860 of the Internal Revenue Code. As a REIT, we are not generally subject to United States federal income taxation other than from our taxable REIT subsidiaries, or TRSs, as long as we satisfy certain requirements, principally relating to the nature of our income and the level of our distributions, as well as other factors. We hold all of our real estate assets attributable to our 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">&#174;</sup></font><font style="font-family:inherit;font-size:10pt;">,</font><font style="font-family:inherit;font-size:10pt;"><sup style="vertical-align:top;line-height:120%;font-size:7pt"> </sup></font><font style="font-family:inherit;font-size:10pt;">brand name and invest in similar properties. At </font><font style="font-family:inherit;font-size:10pt;">June&#160;30, 2016</font><font style="font-family:inherit;font-size:10pt;">, we were the advisor to Corporate Property Associates 17 &#8211; Global Incorporated, or CPA</font><font style="font-family:inherit;font-size:10pt;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">&#174;</sup></font><font style="font-family:inherit;font-size:10pt;">:17 &#8211; Global, and Corporate Property Associates 18 &#8211; Global Incorporated, or CPA</font><font style="font-family:inherit;font-size:10pt;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">&#174;</sup></font><font style="font-family:inherit;font-size:10pt;">:18 &#8211; Global. We refer to CPA</font><font style="font-family:inherit;font-size:10pt;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">&#174;</sup></font><font style="font-family:inherit;font-size:10pt;">:17 &#8211; Global and CPA</font><font style="font-family:inherit;font-size:10pt;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">&#174;</sup></font><font style="font-family:inherit;font-size:10pt;">:18 &#8211; Global together as the CPA</font><font style="font-family:inherit;font-size:10pt;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">&#174;</sup></font><font style="font-family:inherit;font-size:10pt;"> REITs. At </font><font style="font-family:inherit;font-size:10pt;">June&#160;30, 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">&#174;</sup></font><font style="font-family:inherit;font-size:10pt;"> REITs, as the Managed REITs (</font><a style="font-family:inherit;font-size:10pt;" href="#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&#160;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 &#8211; Global Incorporated, or CPA</font><font style="font-family:inherit;font-size:10pt;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">&#174;</sup></font><font style="font-family:inherit;font-size:10pt;">:19 &#8211; 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">&#174;</sup></font><font style="font-family:inherit;font-size:10pt;">:19 &#8211; Global&#8217;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">&#174;</sup></font><font style="font-family:inherit;font-size:10pt;">:19 &#8211; Global&#8217;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&#160;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">&#174;</sup></font><font style="font-family:inherit;font-size:10pt;">:19 &#8211; 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">&#174;</sup></font><font style="font-family:inherit;font-size:10pt;">:19 &#8211; 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;">&#160;</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Owned Real Estate</font><font style="font-family:inherit;font-size:10pt;"> &#8212; 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&#160;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;"> &#8212; Through our TRSs, we structure and negotiate investments and debt placement transactions for the Managed REITs, for which we earn structuring revenue, and manage their portfolios of real estate investments, for which we earn asset 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&#8217; stockholders. At </font><font style="font-family:inherit;font-size:10pt;">June&#160;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">&#174;</sup></font><font style="font-family:inherit;font-size:10pt;">:17 &#8211; Global and CPA</font><font style="font-family:inherit;font-size:10pt;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">&#174;</sup></font><font style="font-family:inherit;font-size:10pt;">:18 &#8211; Global collectively owned all or a portion of </font><font style="font-family:inherit;font-size:10pt;">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>

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