2016 Q4 Form 10-Q Financial Statement

#000102537816000099 Filed on November 03, 2016

View on sec.gov

Income Statement

Concept 2016 Q4 2016 Q3 2015 Q3
Revenue $228.8M $225.2M $214.7M
YoY Change -13.75% 4.93% 8.96%
Cost Of Revenue $45.20M $39.10M $32.50M
YoY Change -24.41% 20.31% -8.71%
Gross Profit $183.6M $186.1M $182.1M
YoY Change -10.61% 2.2% 12.83%
Gross Profit Margin 80.25% 82.62% 84.83%
Selling, General & Admin $27.30M $20.10M $26.80M
YoY Change -8.08% -25.0% -4.96%
% of Gross Profit 14.87% 10.8% 14.72%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $63.70M $35.40M $35.70M
YoY Change -15.63% -0.84% -50.89%
% of Gross Profit 34.69% 19.02% 19.6%
Operating Expenses $89.90M $83.00M $102.4M
YoY Change -13.56% -18.95% 16.63%
Operating Profit $93.70M $103.1M $79.70M
YoY Change -7.59% 29.36% 8.29%
Interest Expense -$30.40M $44.35M $49.68M
YoY Change -23.62% -10.74% 6.77%
% of Operating Profit -32.44% 43.02% 62.34%
Other Income/Expense, Net -$700.0K -$22.45M -$30.44M
YoY Change -85.11% -26.26% -24.02%
Pretax Income $53.00M $66.30M $25.16M
YoY Change -24.18% 163.51% -12.54%
Income Tax $7.800M $3.154M $3.361M
% Of Pretax Income 14.72% 4.76% 13.36%
Net Earnings $47.70M $110.9M $21.75M
YoY Change -6.55% 410.2% -20.46%
Net Earnings / Revenue 20.85% 49.25% 10.13%
Basic Earnings Per Share $0.44 $1.03 $0.20
Diluted Earnings Per Share $0.44 $1.03 $0.20
COMMON SHARES
Basic Shares Outstanding 106.3M shares 107.2M shares 105.8M shares
Diluted Shares Outstanding 107.5M shares 106.3M shares

Balance Sheet

Concept 2016 Q4 2016 Q3 2015 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $155.0M $209.0M $191.0M
YoY Change -1.27% 9.42% -63.96%
Cash & Equivalents $155.5M $209.5M $191.3M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $455.0M $261.0M $339.0M
YoY Change 107.76% -23.01% -39.03%
LONG-TERM ASSETS
Property, Plant & Equipment $4.801B $4.848B $5.029B
YoY Change -4.19% -3.6% 13.96%
Goodwill $635.9M $640.3M $684.6M
YoY Change -6.73% -6.47% -2.59%
Intangibles
YoY Change
Long-Term Investments $298.9M $294.7M $275.9M
YoY Change 8.5% 6.82% 26.49%
Other Assets $26.00M $128.0M $5.000M
YoY Change -55.93% 2460.0%
Total Long-Term Assets $7.999B $8.207B $8.549B
YoY Change -6.15% -4.0% 7.6%
TOTAL ASSETS
Total Short-Term Assets $455.0M $261.0M $339.0M
Total Long-Term Assets $7.999B $8.207B $8.549B
Total Assets $8.454B $8.468B $8.888B
YoY Change -3.3% -4.73% 4.55%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $267.0M $259.0M $299.0M
YoY Change -21.93% -13.38% 6.79%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $374.0M $366.0M $401.0M
YoY Change -15.96% -8.73% 5.8%
LONG-TERM LIABILITIES
Long-Term Debt $4.441B $4.392B $4.600B
YoY Change -0.87% -4.52% 20.45%
Other Long-Term Liabilities $122.0M $126.0M $166.0M
YoY Change -20.78% -24.1% -13.99%
Total Long-Term Liabilities $4.563B $4.518B $4.766B
YoY Change -1.53% -5.2% 18.79%
TOTAL LIABILITIES
Total Short-Term Liabilities $374.0M $366.0M $401.0M
Total Long-Term Liabilities $4.563B $4.518B $4.766B
Total Liabilities $5.028B $4.955B $5.253B
YoY Change -2.67% -5.68% 17.08%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock $106.0K $106.0K $105.0K
YoY Change 1.92% 0.95% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $60.95M
YoY Change 0.0%
Treasury Stock Shares 1.044M shares
Shareholders Equity $3.302B $3.384B $3.486B
YoY Change
Total Liabilities & Shareholders Equity $8.454B $8.468B $8.888B
YoY Change -3.3% -4.73% 4.55%

Cashflow Statement

Concept 2016 Q4 2016 Q3 2015 Q3
OPERATING ACTIVITIES
Net Income $47.70M $110.9M $21.75M
YoY Change -6.55% 410.2% -20.46%
Depreciation, Depletion And Amortization $63.70M $35.40M $35.70M
YoY Change -15.63% -0.84% -50.89%
Cash From Operating Activities $179.3M $116.8M $114.8M
YoY Change 0.96% 1.74% 5.71%
INVESTING ACTIVITIES
Capital Expenditures -$161.5M -$26.10M -$102.8M
YoY Change 9.94% -74.61% -40.41%
Acquisitions
YoY Change
Other Investing Activities -$80.40M $212.7M $600.0K
YoY Change -163.36% 35350.0% -99.31%
Cash From Investing Activities -$241.8M $186.6M -$102.3M
YoY Change 1109.0% -282.4% 19.65%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 16.40M -267.4M -53.30M
YoY Change -108.72% 401.69% -117.65%
NET CHANGE
Cash From Operating Activities 179.3M 116.8M 114.8M
Cash From Investing Activities -241.8M 186.6M -102.3M
Cash From Financing Activities 16.40M -267.4M -53.30M
Net Change In Cash -46.10M 36.00M -40.80M
YoY Change 51.15% -188.24% -112.55%
FREE CASH FLOW
Cash From Operating Activities $179.3M $116.8M $114.8M
Capital Expenditures -$161.5M -$26.10M -$102.8M
Free Cash Flow $340.8M $142.9M $217.6M
YoY Change 5.02% -34.33% -22.59%

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DividendsPayableCurrentAndNoncurrent
102715000 USD
CY2016Q3 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
106545000 USD
CY2015Q4 us-gaap Due From Affiliates
DueFromAffiliates
62218000 USD
CY2016Q3 us-gaap Due From Affiliates
DueFromAffiliates
51508000 USD
us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
-22449000 USD
us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
860000 USD
CY2016Q3 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
27300000 USD
us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P2Y0M26D
us-gaap Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
35854000 USD
us-gaap Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
48303000 USD
CY2015Q4 us-gaap Equity Method Investments
EquityMethodInvestments
275473000 USD
CY2016Q3 us-gaap Equity Method Investments
EquityMethodInvestments
294690000 USD
us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
7028000 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 third quarter of 2016.
CY2015Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
512392000 USD
CY2016Q3 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
507447000 USD
CY2016Q3 us-gaap Foreign Currency Cash Flow Hedge Derivative At Fair Value Net
ForeignCurrencyCashFlowHedgeDerivativeAtFairValueNet
39434000 USD
us-gaap Gain Loss On Sale Of Properties
GainLossOnSaleOfProperties
2980000 USD
us-gaap Gain Loss On Sale Of Properties
GainLossOnSaleOfProperties
68070000 USD
CY2015Q3 us-gaap Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
1779000 USD
us-gaap Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
2980000 USD
CY2016Q3 us-gaap Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
49126000 USD
us-gaap Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
68070000 USD
CY2015Q3 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
22842000 USD
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
78987000 USD
CY2016Q3 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
15733000 USD
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
58122000 USD
CY2015Q4 us-gaap Goodwill
Goodwill
681809000 USD
CY2016Q3 us-gaap Goodwill
Goodwill
640305000 USD
us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
2668000 USD
us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
10191000 USD
us-gaap Goodwill Written Off Related To Sale Of Business Unit
GoodwillWrittenOffRelatedToSaleOfBusinessUnit
33981000 USD
CY2015Q3 us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
19438000 USD
us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
22711000 USD
CY2016Q3 us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
14441000 USD
us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
49870000 USD
CY2015Q3 us-gaap Income Loss Before Gain Or Loss On Sale Of Properties Extraordinary Items And Cumulative Effects Of Accounting Changes
IncomeLossBeforeGainOrLossOnSaleOfPropertiesExtraordinaryItemsAndCumulativeEffectsOfAccountingChanges
25160000 USD
us-gaap Income Loss Before Gain Or Loss On Sale Of Properties Extraordinary Items And Cumulative Effects Of Accounting Changes
IncomeLossBeforeGainOrLossOnSaleOfPropertiesExtraordinaryItemsAndCumulativeEffectsOfAccountingChanges
146455000 USD
CY2016Q3 us-gaap Income Loss Before Gain Or Loss On Sale Of Properties Extraordinary Items And Cumulative Effects Of Accounting Changes
IncomeLossBeforeGainOrLossOnSaleOfPropertiesExtraordinaryItemsAndCumulativeEffectsOfAccountingChanges
66330000 USD
us-gaap Income Loss Before Gain Or Loss On Sale Of Properties Extraordinary Items And Cumulative Effects Of Accounting Changes
IncomeLossBeforeGainOrLossOnSaleOfPropertiesExtraordinaryItemsAndCumulativeEffectsOfAccountingChanges
153729000 USD
CY2015Q3 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
21745000 USD
us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
121209000 USD
CY2016Q3 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
110943000 USD
us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
220043000 USD
CY2015Q3 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
21799000 USD
us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
126103000 USD
CY2016Q3 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
63176000 USD
us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
158267000 USD
CY2016Q3 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
2471905000 USD
CY2016Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
219767000 USD
CY2015Q3 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
0.20
us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
1.14
CY2016Q3 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
1.03
us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
2.06
CY2015Q3 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.20
us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
1.13
CY2016Q3 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
1.03
us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
2.05
CY2015Q3 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
12635000 USD
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
38630000 USD
CY2016Q3 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
16803000 USD
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
48243000 USD
us-gaap Income Loss From Equity Method Investments Net Of Dividends Or Distributions
IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions
38630000 USD
us-gaap Income Loss From Equity Method Investments Net Of Dividends Or Distributions
IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions
48243000 USD
CY2015Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
3361000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
20352000 USD
CY2016Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
3154000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-4538000 USD
us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
28826000 USD
us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
15771000 USD
us-gaap Increase Decrease In Restricted Cash
IncreaseDecreaseInRestrictedCash
-24607000 USD
us-gaap Increase Decrease In Restricted Cash
IncreaseDecreaseInRestrictedCash
-7775000 USD
CY2015Q4 us-gaap Intangible Assets Net Including Goodwill
IntangibleAssetsNetIncludingGoodwill
2105263000 USD
CY2016Q3 us-gaap Intangible Assets Net Including Goodwill
IntangibleAssetsNetIncludingGoodwill
1906101000 USD
CY2015Q3 us-gaap Interest Expense
InterestExpense
49683000 USD
us-gaap Interest Expense
InterestExpense
145325000 USD
CY2016Q3 us-gaap Interest Expense
InterestExpense
44349000 USD
us-gaap Interest Expense
InterestExpense
139496000 USD
CY2015Q3 us-gaap Interest Income Related Party
InterestIncomeRelatedParty
576000 USD
us-gaap Interest Income Related Party
InterestIncomeRelatedParty
1172000 USD
CY2016Q3 us-gaap Interest Income Related Party
InterestIncomeRelatedParty
130000 USD
us-gaap Interest Income Related Party
InterestIncomeRelatedParty
492000 USD
CY2016Q3 us-gaap Interest Rate Derivatives At Fair Value Net
InterestRateDerivativesAtFairValueNet
-5871000 USD
CY2015Q3 us-gaap Investment Advisory Management And Administrative Fees
InvestmentAdvisoryManagementAndAdministrativeFees
33490000 USD
us-gaap Investment Advisory Management And Administrative Fees
InvestmentAdvisoryManagementAndAdministrativeFees
135279000 USD
CY2016Q3 us-gaap Investment Advisory Management And Administrative Fees
InvestmentAdvisoryManagementAndAdministrativeFees
45176000 USD
us-gaap Investment Advisory Management And Administrative Fees
InvestmentAdvisoryManagementAndAdministrativeFees
128859000 USD
CY2015Q4 us-gaap Liabilities
Liabilities
5165717000 USD
CY2016Q3 us-gaap Liabilities
Liabilities
4955239000 USD
CY2015Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
8742089000 USD
CY2016Q3 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
8468285000 USD
CY2015Q4 us-gaap Line Of Credit
LineOfCredit
485021000 USD
CY2016Q3 us-gaap Line Of Credit
LineOfCredit
378358000 USD
CY2015Q4 us-gaap Long Term Debt
LongTermDebt
249683000 USD
CY2016Q3 us-gaap Long Term Debt
LongTermDebt
249915000 USD
CY2016Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
99962000 USD
CY2016Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
649558000 USD
CY2016Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
878564000 USD
CY2016Q3 us-gaap Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year
LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear
94036000 USD
CY2015Q3 us-gaap Management Fees Revenue
ManagementFeesRevenue
13004000 USD
us-gaap Management Fees Revenue
ManagementFeesRevenue
36236000 USD
CY2016Q3 us-gaap Management Fees Revenue
ManagementFeesRevenue
15978000 USD
us-gaap Management Fees Revenue
ManagementFeesRevenue
45596000 USD
CY2015Q4 us-gaap Minority Interest
MinorityInterest
134185000 USD
CY2016Q3 us-gaap Minority Interest
MinorityInterest
128230000 USD
us-gaap Minority Interest Change In Redemption Value
MinorityInterestChangeInRedemptionValue
-8551000 USD
us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
10116000 USD
us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
13418000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
309382000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-282153000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-625201000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-27984000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
330903000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
361533000 USD
CY2015Q3 us-gaap Net Income Loss
NetIncomeLoss
21745000 USD
us-gaap Net Income Loss
NetIncomeLoss
121209000 USD
CY2016Q3 us-gaap Net Income Loss
NetIncomeLoss
110943000 USD
us-gaap Net Income Loss
NetIncomeLoss
220043000 USD
CY2015Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
1833000 USD
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
7874000 USD
CY2016Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
1359000 USD
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
6294000 USD
CY2015Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
21672000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
120801000 USD
CY2016Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
110557000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
219277000 USD
us-gaap Noncontrolling Interest Decrease From Deconsolidation
NoncontrollingInterestDecreaseFromDeconsolidation
14184000 USD
CY2015Q4 us-gaap Noncurrent Assets
NoncurrentAssets
6102017000 USD
CY2016Q3 us-gaap Noncurrent Assets
NoncurrentAssets
6011935000 USD
CY2015Q3 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-30440000 USD
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-96751000 USD
CY2016Q3 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-22445000 USD
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-81855000 USD
CY2015Q4 us-gaap Notes Receivable Net
NotesReceivableNet
767036000 USD
CY2016Q3 us-gaap Notes Receivable Net
NotesReceivableNet
751182000 USD
us-gaap Number Of Operating Segments
NumberOfOperatingSegments
2 segment
CY2015Q3 us-gaap Occupancy Net
OccupancyNet
11120000 USD
us-gaap Occupancy Net
OccupancyNet
31504000 USD
CY2016Q3 us-gaap Occupancy Net
OccupancyNet
10193000 USD
us-gaap Occupancy Net
OccupancyNet
38475000 USD
CY2015Q4 us-gaap Other Assets
OtherAssets
360898000 USD
CY2016Q3 us-gaap Other Assets
OtherAssets
331658000 USD
CY2015Q3 us-gaap Other Comprehensive Income Derivatives Qualifying As Hedges Net Of Tax Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeDerivativesQualifyingAsHedgesNetOfTaxPortionAttributableToNoncontrollingInterest
0 USD
us-gaap Other Comprehensive Income Derivatives Qualifying As Hedges Net Of Tax Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeDerivativesQualifyingAsHedgesNetOfTaxPortionAttributableToNoncontrollingInterest
0 USD
CY2016Q3 us-gaap Other Comprehensive Income Derivatives Qualifying As Hedges Net Of Tax Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeDerivativesQualifyingAsHedgesNetOfTaxPortionAttributableToNoncontrollingInterest
-17000 USD
us-gaap Other Comprehensive Income Derivatives Qualifying As Hedges Net Of Tax Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeDerivativesQualifyingAsHedgesNetOfTaxPortionAttributableToNoncontrollingInterest
-17000 USD
CY2015Q3 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToNoncontrollingInterest
43000 USD
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToNoncontrollingInterest
-3515000 USD
CY2016Q3 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToNoncontrollingInterest
218000 USD
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToNoncontrollingInterest
1051000 USD
CY2015Q3 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-37138000 USD
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-103127000 USD
CY2016Q3 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-11824000 USD
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-41999000 USD
CY2015Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-35849000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-84625000 USD
CY2016Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-14924000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-48001000 USD
CY2015Q3 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
1289000 USD
us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
18488000 USD
CY2016Q3 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
-3093000 USD
us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
-5999000 USD
CY2015Q3 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
CY2016Q3 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
-7000 USD
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
-3000 USD
CY2015Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
6608000 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
9944000 USD
CY2016Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
5101000 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
9398000 USD
CY2015Q3 us-gaap Other Real Estate Revenue
OtherRealEstateRevenue
8107000 USD
us-gaap Other Real Estate Revenue
OtherRealEstateRevenue
23645000 USD
CY2016Q3 us-gaap Other Real Estate Revenue
OtherRealEstateRevenue
8524000 USD
us-gaap Other Real Estate Revenue
OtherRealEstateRevenue
23696000 USD
CY2015Q3 us-gaap Other Sales Revenue Net
OtherSalesRevenueNet
2988000 USD
us-gaap Other Sales Revenue Net
OtherSalesRevenueNet
9319000 USD
CY2016Q3 us-gaap Other Sales Revenue Net
OtherSalesRevenueNet
1224000 USD
us-gaap Other Sales Revenue Net
OtherSalesRevenueNet
34603000 USD
us-gaap Payments For Advance To Affiliate
PaymentsForAdvanceToAffiliate
155447000 USD
us-gaap Payments For Advance To Affiliate
PaymentsForAdvanceToAffiliate
20000000 USD
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
-1486000 USD
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
-2223000 USD
us-gaap Payments For Proceeds From Productive Assets
PaymentsForProceedsFromProductiveAssets
3482000 USD
us-gaap Payments For Proceeds From Productive Assets
PaymentsForProceedsFromProductiveAssets
846000 USD
us-gaap Payments For Repurchase Of Redeemable Noncontrolling Interest
PaymentsForRepurchaseOfRedeemableNoncontrollingInterest
13418000 USD
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
302205000 USD
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
310509000 USD
us-gaap Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
10116000 USD
us-gaap Payments To Acquire Interest In Subsidiaries And Affiliates
PaymentsToAcquireInterestInSubsidiariesAndAffiliates
0 USD
us-gaap Payments To Acquire Interest In Subsidiaries And Affiliates
PaymentsToAcquireInterestInSubsidiariesAndAffiliates
14861000 USD
us-gaap Payments To Acquire Real Estate
PaymentsToAcquireRealEstate
529812000 USD
us-gaap Payments To Acquire Real Estate
PaymentsToAcquireRealEstate
385835000 USD
us-gaap Payments To Develop Real Estate Assets
PaymentsToDevelopRealEstateAssets
3416000 USD
us-gaap Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
13418000 USD
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
10878000 USD
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
2949000 USD
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
16443000 USD
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
15943000 USD
us-gaap Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
15903000 USD
us-gaap Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
6000 USD
CY2015Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.001
CY2016Q3 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.001
CY2015Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
50000000 shares
CY2016Q3 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
50000000 shares
CY2015Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2016Q3 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2015Q4 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
CY2016Q3 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
us-gaap Proceeds From Collection Of Notes Receivable
ProceedsFromCollectionOfNotesReceivable
10258000 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
5798000 USD
us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
3522000 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
0 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
84093000 USD
us-gaap Proceeds From Issuance Of Secured Debt
ProceedsFromIssuanceOfSecuredDebt
22667000 USD
us-gaap Proceeds From Issuance Of Secured Debt
ProceedsFromIssuanceOfSecuredDebt
33935000 USD
us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
360000 USD
us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
204000 USD
us-gaap Proceeds From Issuance Of Unsecured Debt
ProceedsFromIssuanceOfUnsecuredDebt
1022303000 USD
us-gaap Proceeds From Issuance Of Unsecured Debt
ProceedsFromIssuanceOfUnsecuredDebt
348887000 USD
us-gaap Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
586000 USD
us-gaap Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
14319000 USD
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
0 USD
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-125000 USD
us-gaap Proceeds From Payments To Minority Shareholders
ProceedsFromPaymentsToMinorityShareholders
586000 USD
us-gaap Proceeds From Payments To Minority Shareholders
ProceedsFromPaymentsToMinorityShareholders
135000 USD
us-gaap Proceeds From Repayments Of Restricted Cash Financing Activities
ProceedsFromRepaymentsOfRestrictedCashFinancingActivities
-10406000 USD
us-gaap Proceeds From Repayments Of Restricted Cash Financing Activities
ProceedsFromRepaymentsOfRestrictedCashFinancingActivities
1051000 USD
us-gaap Proceeds From Sale Of Real Estate Heldforinvestment
ProceedsFromSaleOfRealEstateHeldforinvestment
28949000 USD
us-gaap Proceeds From Sale Of Real Estate Heldforinvestment
ProceedsFromSaleOfRealEstateHeldforinvestment
392867000 USD
us-gaap Proceeds From Unsecured Lines Of Credit
ProceedsFromUnsecuredLinesOfCredit
758665000 USD
us-gaap Proceeds From Unsecured Lines Of Credit
ProceedsFromUnsecuredLinesOfCredit
720568000 USD
CY2015Q3 us-gaap Profit Loss
ProfitLoss
23578000 USD
us-gaap Profit Loss
ProfitLoss
129083000 USD
CY2016Q3 us-gaap Profit Loss
ProfitLoss
112302000 USD
us-gaap Profit Loss
ProfitLoss
226337000 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
CY2016Q3 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
455613000 USD
CY2015Q4 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
5011145000 USD
CY2016Q3 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
4848038000 USD
CY2015Q4 us-gaap Real Estate Investments
RealEstateInvestments
5826544000 USD
CY2016Q3 us-gaap Real Estate Investments
RealEstateInvestments
5717245000 USD
CY2015Q4 us-gaap Real Estate Investments Other
RealEstateInvestmentsOther
82749000 USD
CY2016Q3 us-gaap Real Estate Investments Other
RealEstateInvestmentsOther
81665000 USD
CY2015Q3 us-gaap Real Estate Revenue Net
RealEstateRevenueNet
164741000 USD
us-gaap Real Estate Revenue Net
RealEstateRevenueNet
487480000 USD
CY2016Q3 us-gaap Real Estate Revenue Net
RealEstateRevenueNet
163786000 USD
us-gaap Real Estate Revenue Net
RealEstateRevenueNet
506358000 USD
CY2015Q4 us-gaap Redeemable Noncontrolling Interest Equity Carrying Amount
RedeemableNoncontrollingInterestEquityCarryingAmount
14944000 USD
CY2016Q3 us-gaap Redeemable Noncontrolling Interest Equity Carrying Amount
RedeemableNoncontrollingInterestEquityCarryingAmount
965000 USD
CY2015Q3 us-gaap Reimbursement Revenue
ReimbursementRevenue
5340000 USD
us-gaap Reimbursement Revenue
ReimbursementRevenue
17409000 USD
CY2016Q3 us-gaap Reimbursement Revenue
ReimbursementRevenue
6537000 USD
us-gaap Reimbursement Revenue
ReimbursementRevenue
19237000 USD
CY2015Q4 us-gaap Rental Properties
RentalProperties
5309925000 USD
CY2016Q3 us-gaap Rental Properties
RentalProperties
5221986000 USD
us-gaap Repayment Of Notes Receivable From Related Parties
RepaymentOfNotesReceivableFromRelatedParties
50000000 USD
us-gaap Repayment Of Notes Receivable From Related Parties
RepaymentOfNotesReceivableFromRelatedParties
37053000 USD
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
1104522000 USD
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
837575000 USD
us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
54422000 USD
us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
113420000 USD
CY2015Q3 us-gaap Restructuring Charges
RestructuringCharges
0 USD
us-gaap Restructuring Charges
RestructuringCharges
0 USD
CY2016Q3 us-gaap Restructuring Charges
RestructuringCharges
0 USD
us-gaap Restructuring Charges
RestructuringCharges
11925000 USD
CY2016Q3 us-gaap Restructuring Reserve
RestructuringReserve
4300000 USD
CY2015Q3 us-gaap Revenue From Related Parties
RevenueFromRelatedParties
44225000 USD
us-gaap Revenue From Related Parties
RevenueFromRelatedParties
164626000 USD
CY2016Q3 us-gaap Revenue From Related Parties
RevenueFromRelatedParties
56159000 USD
us-gaap Revenue From Related Parties
RevenueFromRelatedParties
161308000 USD
CY2015Q3 us-gaap Revenues
Revenues
214666000 USD
us-gaap Revenues
Revenues
673132000 USD
CY2016Q3 us-gaap Revenues
Revenues
225247000 USD
us-gaap Revenues
Revenues
712753000 USD
CY2015Q4 us-gaap Secured Debt
SecuredDebt
2269421000 USD
CY2016Q3 us-gaap Secured Debt
SecuredDebt
1926331000 USD
CY2015Q4 us-gaap Senior Notes
SeniorNotes
1476084000 USD
CY2016Q3 us-gaap Senior Notes
SeniorNotes
1837216000 USD
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Total Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodTotalFairValue
27600000 USD
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0
CY2016Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
144573 shares
CY2016Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
200000 USD
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
3500000 USD
CY2016Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
154831 shares
CY2016Q3 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
6396 shares
us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
103694 shares
us-gaap Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
14695000 USD
us-gaap Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
14505000 USD
us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
83786000 USD
us-gaap Stock Issued During Period Value Share Based Compensation Gross
StockIssuedDuringPeriodValueShareBasedCompensationGross
1388000 USD
CY2015Q4 us-gaap Stockholders Equity
StockholdersEquity
3427243000 USD
CY2016Q3 us-gaap Stockholders Equity
StockholdersEquity
3383851000 USD
CY2014Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
3890735000 USD
CY2015Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
3620322000 USD
CY2015Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
3561428000 USD
CY2016Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
3512081000 USD
CY2015Q3 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
73000 USD
us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
408000 USD
CY2016Q3 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
386000 USD
us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
766000 USD
CY2015Q4 us-gaap Variable Interest Entity Entity Maximum Loss Exposure Amount
VariableInterestEntityEntityMaximumLossExposureAmount
154800000 USD
CY2016Q3 us-gaap Variable Interest Entity Entity Maximum Loss Exposure Amount
VariableInterestEntityEntityMaximumLossExposureAmount
153600000 USD
CY2015Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
523803 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
830072 shares
CY2016Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
246361 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
360029 shares
CY2015Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
106337040 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
106457495 shares
CY2016Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
107468029 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
106853174 shares
CY2015Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
105813237 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
105627423 shares
CY2016Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
107221668 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
106493145 shares
wpc Accrued Noncash Investing Activities
AccruedNoncashInvestingActivities
8600000 USD
CY2015Q4 wpc Additional Lease Term
AdditionalLeaseTerm
P15Y
CY2015Q3 wpc Advisory Expense
AdvisoryExpense
1748000 USD
wpc Advisory Expense
AdvisoryExpense
8555000 USD
CY2016Q3 wpc Advisory Expense
AdvisoryExpense
4842000 USD
wpc Advisory Expense
AdvisoryExpense
10010000 USD
CY2015Q3 wpc Affiliates Reimbursement Revenue
AffiliatesReimbursementRevenue
11155000 USD
wpc Affiliates Reimbursement Revenue
AffiliatesReimbursementRevenue
28401000 USD
CY2016Q3 wpc Affiliates Reimbursement Revenue
AffiliatesReimbursementRevenue
14540000 USD
wpc Affiliates Reimbursement Revenue
AffiliatesReimbursementRevenue
46372000 USD
CY2015Q3 wpc Allocated Stock Based Compensation Expense Excluding Restructuring Expense
AllocatedStockBasedCompensationExpenseExcludingRestructuringExpense
3966000 USD
wpc Allocated Stock Based Compensation Expense Excluding Restructuring Expense
AllocatedStockBasedCompensationExpenseExcludingRestructuringExpense
16063000 USD
CY2016Q3 wpc Allocated Stock Based Compensation Expense Excluding Restructuring Expense
AllocatedStockBasedCompensationExpenseExcludingRestructuringExpense
4356000 USD
wpc Allocated Stock Based Compensation Expense Excluding Restructuring Expense
AllocatedStockBasedCompensationExpenseExcludingRestructuringExpense
14964000 USD
CY2015Q4 wpc Asset Management Fees Receivable
AssetManagementFeesReceivable
2172000 USD
CY2016Q3 wpc Asset Management Fees Receivable
AssetManagementFeesReceivable
2529000 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
CY2016Q3 wpc Current Acquisition Fees Receivable
CurrentAcquisitionFeesReceivable
828000 USD
CY2015Q3 wpc Dealer Manager Feesand Expenses
DealerManagerFeesandExpenses
3185000 USD
wpc Dealer Manager Feesand Expenses
DealerManagerFeesandExpenses
7884000 USD
CY2016Q3 wpc Dealer Manager Feesand Expenses
DealerManagerFeesandExpenses
3028000 USD
wpc Dealer Manager Feesand Expenses
DealerManagerFeesandExpenses
9000000 USD
wpc Deconsolidationof Affiliates Cash Transferredto Entity
DeconsolidationofAffiliatesCashTransferredtoEntity
0 USD
wpc Deconsolidationof Affiliates Cash Transferredto Entity
DeconsolidationofAffiliatesCashTransferredtoEntity
15408000 USD
wpc Deferred Acquisition Revenue Received
DeferredAcquisitionRevenueReceived
20105000 USD
wpc Deferred Acquisition Revenue Received
DeferredAcquisitionRevenueReceived
18161000 USD
CY2015Q4 wpc Deferredacquisitionfeesreceivable
Deferredacquisitionfeesreceivable
33386000 USD
CY2016Q3 wpc Deferredacquisitionfeesreceivable
Deferredacquisitionfeesreceivable
20599000 USD
CY2015Q3 wpc Distributionof Available Cash From Managed Reits
DistributionofAvailableCashFromManagedReits
10182000 USD
wpc Distributionof Available Cash From Managed Reits
DistributionofAvailableCashFromManagedReits
28244000 USD
CY2016Q3 wpc Distributionof Available Cash From Managed Reits
DistributionofAvailableCashFromManagedReits
10876000 USD
wpc Distributionof Available Cash From Managed Reits
DistributionofAvailableCashFromManagedReits
32018000 USD
CY2015Q4 wpc Finite Lived Intangible Asset Acquired In Place Leases Net
FiniteLivedIntangibleAssetAcquiredInPlaceLeasesNet
902848000 USD
CY2016Q3 wpc Finite Lived Intangible Asset Acquired In Place Leases Net
FiniteLivedIntangibleAssetAcquiredInPlaceLeasesNet
817151000 USD
CY2015Q4 wpc Finite Lived Intangible Asset Off Market Lease Favorable Net
FiniteLivedIntangibleAssetOffMarketLeaseFavorableNet
475072000 USD
CY2016Q3 wpc Finite Lived Intangible Asset Off Market Lease Favorable Net
FiniteLivedIntangibleAssetOffMarketLeaseFavorableNet
406245000 USD
CY2015Q4 wpc Finite Lived Intangible Liabilities Accumulated Amortization
FiniteLivedIntangibleLiabilitiesAccumulatedAmortization
46647000 USD
CY2016Q3 wpc Finite Lived Intangible Liabilities Accumulated Amortization
FiniteLivedIntangibleLiabilitiesAccumulatedAmortization
38206000 USD
CY2015Q4 wpc Finite Lived Intangible Liabilities Gross
FiniteLivedIntangibleLiabilitiesGross
184251000 USD
CY2016Q3 wpc Finite Lived Intangible Liabilities Gross
FiniteLivedIntangibleLiabilitiesGross
147285000 USD
CY2015Q4 wpc Finite Lived Intangible Liabilities Net
FiniteLivedIntangibleLiabilitiesNet
137604000 USD
CY2016Q3 wpc Finite Lived Intangible Liabilities Net
FiniteLivedIntangibleLiabilitiesNet
109079000 USD
wpc Funds Capitalized For Construction In Progress
FundsCapitalizedForConstructionInProgress
46400000 USD
CY2015Q3 wpc Incentive Termination And Subordinated Disposition Revenue
IncentiveTerminationAndSubordinatedDispositionRevenue
0 USD
wpc Incentive Termination And Subordinated Disposition Revenue
IncentiveTerminationAndSubordinatedDispositionRevenue
203000 USD
CY2016Q3 wpc Incentive Termination And Subordinated Disposition Revenue
IncentiveTerminationAndSubordinatedDispositionRevenue
522000 USD
wpc Incentive Termination And Subordinated Disposition Revenue
IncentiveTerminationAndSubordinatedDispositionRevenue
522000 USD
wpc Increase Decrease In Structuring Revenue Receivable
IncreaseDecreaseInStructuringRevenueReceivable
21574000 USD
wpc Increase Decrease In Structuring Revenue Receivable
IncreaseDecreaseInStructuringRevenueReceivable
5310000 USD
wpc Vat Paid In Connection With Acquisition Of Real Estate
VatPaidInConnectionWithAcquisitionOfRealEstate
1004000 USD
CY2015Q4 wpc Indefinite Lived Intangible Asset
IndefiniteLivedIntangibleAsset
686679000 USD
CY2016Q3 wpc Indefinite Lived Intangible Asset
IndefiniteLivedIntangibleAsset
645197000 USD
CY2015Q4 wpc Intangible Assets Gross Including Goodwill
IntangibleAssetsGrossIncludingGoodwill
2617655000 USD
CY2016Q3 wpc Intangible Assets Gross Including Goodwill
IntangibleAssetsGrossIncludingGoodwill
2413548000 USD
CY2015Q4 wpc Intangible Liabilities Gross
IntangibleLiabilitiesGross
200962000 USD
CY2016Q3 wpc Intangible Liabilities Gross
IntangibleLiabilitiesGross
163996000 USD
CY2015Q4 wpc Intangible Liabilities Net
IntangibleLiabilitiesNet
154315000 USD
CY2016Q3 wpc Intangible Liabilities Net
IntangibleLiabilitiesNet
125790000 USD
CY2016Q1 wpc Lease Termination Fee
LeaseTerminationFee
22200000 USD
CY2016Q3 wpc Long Term Debt Before Unamortized Discount
LongTermDebtBeforeUnamortizedDiscount
4413792000 USD
wpc Management Income Received In Shares Of Affiliates
ManagementIncomeReceivedInSharesOfAffiliates
16808000 USD
wpc Management Income Received In Shares Of Affiliates
ManagementIncomeReceivedInSharesOfAffiliates
22088000 USD
CY2016Q3 wpc Maximum Cash Distribution Per Credit Agreement
MaximumCashDistributionPerCreditAgreement
100000000 USD
wpc Net Income Loss Including Portion Attributable To Redeemable Noncontrolling Interest
NetIncomeLossIncludingPortionAttributableToRedeemableNoncontrollingInterest
129083000 USD
wpc Net Income Loss Including Portion Attributable To Redeemable Noncontrolling Interest
NetIncomeLossIncludingPortionAttributableToRedeemableNoncontrollingInterest
226337000 USD
wpc Number Of Construction Projects During Period
NumberOfConstructionProjectsDuringPeriod
3 property
CY2015Q4 wpc Organization And Offering Costs Receivable
OrganizationAndOfferingCostsReceivable
461000 USD
CY2016Q3 wpc Organization And Offering Costs Receivable
OrganizationAndOfferingCostsReceivable
1809000 USD
wpc Other Comprehensive Income Loss Unrealized Gain Loss On Derivatives Arising During Period Including Portion Attributable To Noncontrolling Interest And Redeemable Noncontrolling Interest Net Of Tax
OtherComprehensiveIncomeLossUnrealizedGainLossOnDerivativesArisingDuringPeriodIncludingPortionAttributableToNoncontrollingInterestAndRedeemableNoncontrollingInterestNetOfTax
18488000 USD
wpc Other Comprehensive Income Loss Unrealized Gain Loss On Derivatives Arising During Period Including Portion Attributable To Noncontrolling Interest And Redeemable Noncontrolling Interest Net Of Tax
OtherComprehensiveIncomeLossUnrealizedGainLossOnDerivativesArisingDuringPeriodIncludingPortionAttributableToNoncontrollingInterestAndRedeemableNoncontrollingInterestNetOfTax
-5999000 USD
wpc Other Comprehensive Income Loss Unrealized Gain Loss On Derivatives Arising During Period Including Portion Attributable To Noncontrolling Interest Redeemable Noncontrolling Interest Net Of Tax
OtherComprehensiveIncomeLossUnrealizedGainLossOnDerivativesArisingDuringPeriodIncludingPortionAttributableToNoncontrollingInterestRedeemableNoncontrollingInterestNetOfTax
-103127000 USD
wpc Other Comprehensive Income Loss Unrealized Gain Loss On Derivatives Arising During Period Including Portion Attributable To Noncontrolling Interest Redeemable Noncontrolling Interest Net Of Tax
OtherComprehensiveIncomeLossUnrealizedGainLossOnDerivativesArisingDuringPeriodIncludingPortionAttributableToNoncontrollingInterestRedeemableNoncontrollingInterestNetOfTax
-41999000 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 Other Comprehensive Income Lossunrealizedholding Gain Loss On Securities Arising During Period Including Portion Attributable To Redeemable Noncontrolling Interest Net Of Tax
OtherComprehensiveIncomeLossunrealizedholdingGainLossOnSecuritiesArisingDuringPeriodIncludingPortionAttributableToRedeemableNoncontrollingInterestNetOfTax
-3000 USD
wpc Payments To Acquire Real Estate Under Construction
PaymentsToAcquireRealEstateUnderConstruction
27976000 USD
wpc Payments To Acquire Real Estate Under Construction
PaymentsToAcquireRealEstateUnderConstruction
41874000 USD
wpc Percentage Of Available Cash Distribution To Advisor
PercentageOfAvailableCashDistributionToAdvisor
0.1
wpc Prepayment Of Mortgage Principal
PrepaymentOfMortgagePrincipal
9678000 USD
wpc Prepayment Of Mortgage Principal
PrepaymentOfMortgagePrincipal
193030000 USD
wpc Proceeds From Shares Issuedby Affiliates
ProceedsFromSharesIssuedbyAffiliates
0 USD
wpc Proceeds From Shares Issuedby Affiliates
ProceedsFromSharesIssuedbyAffiliates
14184000 USD
CY2015Q3 wpc Real Estate Revenueand Other
RealEstateRevenueandOther
181176000 USD
wpc Real Estate Revenueand Other
RealEstateRevenueandOther
537853000 USD
CY2016Q3 wpc Real Estate Revenueand Other
RealEstateRevenueandOther
180071000 USD
wpc Real Estate Revenueand Other
RealEstateRevenueandOther
583894000 USD
wpc Realized Gain Loss On Foreign Currency Transactions And Other
RealizedGainLossOnForeignCurrencyTransactionsAndOther
3368000 USD
wpc Realized Gain Loss On Foreign Currency Transactions And Other
RealizedGainLossOnForeignCurrencyTransactionsAndOther
6921000 USD
CY2015Q3 wpc Related Party Reimbursement Revenue
RelatedPartyReimbursementRevenue
11155000 USD
wpc Related Party Reimbursement Revenue
RelatedPartyReimbursementRevenue
28401000 USD
CY2016Q3 wpc Related Party Reimbursement Revenue
RelatedPartyReimbursementRevenue
14540000 USD
wpc Related Party Reimbursement Revenue
RelatedPartyReimbursementRevenue
46372000 USD
CY2015Q4 wpc Related Party Reimbursement Revenue Receivable
RelatedPartyReimbursementRevenueReceivable
5579000 USD
CY2016Q3 wpc Related Party Reimbursement Revenue Receivable
RelatedPartyReimbursementRevenueReceivable
3840000 USD
wpc Straight Line Rent Adjustments And Amortization Of Rent Related Intangibles
StraightLineRentAdjustmentsAndAmortizationOfRentRelatedIntangibles
27980000 USD
wpc Straight Line Rent Adjustments And Amortization Of Rent Related Intangibles
StraightLineRentAdjustmentsAndAmortizationOfRentRelatedIntangibles
-20934000 USD
CY2015Q3 wpc Structuring Revenue
StructuringRevenue
8207000 USD
wpc Vat Refunded In Connection With Acquisitions In Real Estate
VatRefundedInConnectionWithAcquisitionsInRealEstate
0 USD
wpc Structuring Revenue
StructuringRevenue
67735000 USD
wpc Vat Refunded In Connection With Acquisitions In Real Estate
VatRefundedInConnectionWithAcquisitionsInRealEstate
1037000 USD
CY2016Q3 wpc Structuring Revenue
StructuringRevenue
12301000 USD
wpc Structuring Revenue
StructuringRevenue
30990000 USD
CY2015Q4 wpc Unfunded Commitment
UnfundedCommitment
12200000 USD
CY2016Q3 wpc Unfunded Commitment
UnfundedCommitment
119200000 USD
CY2016Q3 wpc Variable Interest Entities Consolidated Count
VariableInterestEntitiesConsolidatedCount
26 vie
CY2016Q3 wpc Variable Interest Entities Count
VariableInterestEntitiesCount
33 vie
CY2015Q4 wpc Variable Interest Entities Unconsolidated Count
VariableInterestEntitiesUnconsolidatedCount
7 vie
CY2016Q3 wpc Variable Interest Entities Unconsolidated Count
VariableInterestEntitiesUnconsolidatedCount
7 vie
wpc Vat Paid In Connection With Acquisition Of Real Estate
VatPaidInConnectionWithAcquisitionOfRealEstate
10263000 USD
CY2015Q3 wpc Wholesaling Revenue
WholesalingRevenue
1124000 USD
wpc Wholesaling Revenue
WholesalingRevenue
2704000 USD
CY2016Q3 wpc Wholesaling Revenue
WholesalingRevenue
1835000 USD
wpc Wholesaling Revenue
WholesalingRevenue
5379000 USD
us-gaap Debt Instrument Covenant Compliance
DebtInstrumentCovenantCompliance
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">We were in compliance with all of these covenants at </font><font style="font-family:inherit;font-size:10pt;">September&#160;30, 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, 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. Please 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 &#8211; 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 &#8211; 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 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 August 2016, the FASB issued </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">ASU 2016-15, Statement of Cash Flows (Topic 230): Classification of Certain Cash Receipts and Cash Payments</font><font style="font-family:inherit;font-size:10pt;">. ASU 2016-15 intends to reduce diversity in practice for certain cash flow classifications, including, but not limited to (i) debt prepayment or debt extinguishment costs, (ii) contingent consideration payments made after a business combination, (iii) proceeds from the settlement of insurance claims, and (iv) distributions received from equity method investees. ASU 2016-15 will be effective for public business entities in fiscal years beginning after December 15, 2017, 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 2016-15 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 October 2016, the FASB issued </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">ASU 2016-17, Consolidation (Topic 810): Interests Held through Related Parties That Are under Common Control.</font><font style="font-family:inherit;font-size:10pt;"> ASU 2016-17 changes how a reporting entity that is a decision maker should consider indirect interests in a VIE held through an entity under common control. If a decision maker must evaluate whether it is the primary beneficiary of a VIE, it will only need to consider its proportionate indirect interest in the VIE held through a common control party. ASU 2016-17 amends ASU 2015-02, which we adopted on January 1, 2016, and which currently directs the decision maker to treat the common control party&#8217;s interest in the VIE as if the decision maker held the interest itself. ASU 2016-17 will be effective for public business entities in fiscal years beginning after December 15, 2016, including interim periods within those fiscal years, with early adoption permitted. We are in the process of evaluating the impact of adopting ASU 2016-17 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;">September&#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;">September&#160;30, 2016</font><font style="font-family:inherit;font-size:10pt;">, we were also the advisor to Carey Watermark Investors Incorporated, or CWI 1, and Carey Watermark Investors 2 Incorporated, or CWI 2, two publicly owned, non-listed REITs that invest in lodging and lodging-related properties. We refer to CWI 1 and CWI 2 together as the CWI REITs and, together with the CPA</font><font style="font-family:inherit;font-size:10pt;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">&#174;</sup></font><font style="font-family:inherit;font-size:10pt;"> REITs, as the Managed REITs (</font><a style="font-family:inherit;font-size:10pt;" href="#sD69412DE2967564B9A0BCCEA27E828B8"><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;">September&#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, and three feeder funds of CCIF, or the CCIF Feeder Funds, which are also BDCs (</font><a style="font-family:inherit;font-size:10pt;" href="#sE75516ED2D3F59AA96CCC313368AEC7B"><font style="font-family:inherit;font-size:10pt;">Note 6</font></a><font style="font-family:inherit;font-size:10pt;">). In May 2016, one of the CCIF Feeder Funds, Carey Credit Income Fund 2017 T, filed a registration statement on Form N-2 with the SEC to sell up to </font><font style="font-family:inherit;font-size:10pt;">106,382,978</font><font style="font-family:inherit;font-size:10pt;"> shares of its beneficial interest in an initial public offering, with the proceeds to be invested in shares of CCIF. The registration statement was declared effective by the SEC in October 2016 but fundraising has not yet commenced. We refer to CCIF and the CCIF Feeder Funds collectively as the Managed BDCs. At </font><font style="font-family:inherit;font-size:10pt;">September&#160;30, 2016</font><font style="font-family:inherit;font-size:10pt;">, we were also the advisor to Carey European Student Housing Fund I, L.P., or CESH I, a limited partnership we formed for the purpose of developing, owning, and operating student housing properties and similar investments in Europe. We refer to the Managed REITs, Managed BDCs, and CESH I collectively 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 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;">September&#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="#sE75516ED2D3F59AA96CCC313368AEC7B"><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="#sD69412DE2967564B9A0BCCEA27E828B8"><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;">September&#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;">910</font><font style="font-family:inherit;font-size:10pt;"> properties, totaling approximately </font><font style="font-family:inherit;font-size:10pt;">91.8 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;">222</font><font style="font-family:inherit;font-size:10pt;"> tenants, with an occupancy rate of </font><font style="font-family:inherit;font-size:10pt;">99.1%</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 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 earn asset management revenue from CCIF based on the average of its gross assets at fair value. We also earn asset management revenue from CESH I based on gross assets at fair value as determined on the last day of each calendar quarter. 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;">September&#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;">439</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;">50.1 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;">210</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;">99.7%</font><font style="font-family:inherit;font-size:10pt;">. The Managed REITs and CESH I also had interests in </font><font style="font-family:inherit;font-size:10pt;">156</font><font style="font-family:inherit;font-size:10pt;"> operating properties, totaling approximately </font><font style="font-family:inherit;font-size:10pt;">19.6 million</font><font style="font-family:inherit;font-size:10pt;"> square feet, in the aggregate. 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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