2016 Form 10-K Financial Statement

#000102537817000016 Filed on February 24, 2017

View on sec.gov

Income Statement

Concept 2016 2015 Q4 2015 Q3
Revenue $941.5M $265.3M $214.7M
YoY Change 0.34% 6.6% 8.96%
Cost Of Revenue $91.87M $59.80M $32.50M
YoY Change -40.19% 4.55% -8.71%
Gross Profit $849.7M $205.4M $182.1M
YoY Change 8.26% 7.48% 12.83%
Gross Profit Margin 90.24% 77.44% 84.83%
Selling, General & Admin $100.4M $29.70M $26.80M
YoY Change -19.55% -21.01% -4.96%
% of Gross Profit 11.82% 14.46% 14.72%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $142.7M $75.50M $35.70M
YoY Change 3.93% 3.0% -50.89%
% of Gross Profit 16.79% 36.76% 19.6%
Operating Expenses $376.8M $104.0M $102.4M
YoY Change -6.99% 4.94% 16.63%
Operating Profit $472.9M $101.4M $79.70M
YoY Change 125.3% 10.22% 8.29%
Interest Expense $183.4M -$39.80M $49.68M
YoY Change -5.62% 14.7% 6.77%
% of Operating Profit 38.79% -39.25% 62.34%
Other Income/Expense, Net -$41.71M -$4.700M -$30.44M
YoY Change -70.46% 193.75% -24.02%
Pretax Income $278.1M $69.90M $25.16M
YoY Change 28.53% 94.71% -12.54%
Income Tax $3.288M $17.30M $3.361M
% Of Pretax Income 1.18% 24.75% 13.36%
Net Earnings $267.7M $51.05M $21.75M
YoY Change 55.43% 58.18% -20.46%
Net Earnings / Revenue 28.44% 19.25% 10.13%
Basic Earnings Per Share $2.50 $0.48 $0.20
Diluted Earnings Per Share $2.49 $0.48 $0.20
COMMON SHARES
Basic Shares Outstanding 106.7M shares 104.4M shares 105.8M shares
Diluted Shares Outstanding 107.1M shares 106.3M shares

Balance Sheet

Concept 2016 2015 Q4 2015 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $155.0M $157.0M $191.0M
YoY Change -1.27% -21.11% -63.96%
Cash & Equivalents $155.0M $157.2M $191.3M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $455.0M $219.0M $339.0M
YoY Change 107.76% -6.01% -39.03%
LONG-TERM ASSETS
Property, Plant & Equipment $4.801B $5.011B $5.029B
YoY Change -4.19% 3.68% 13.96%
Goodwill $681.8M $684.6M
YoY Change -1.53% -2.59%
Intangibles
YoY Change
Long-Term Investments $299.0M $275.5M $275.9M
YoY Change 8.73% 10.45% 26.49%
Other Assets $26.00M $59.00M $5.000M
YoY Change -55.93% 742.86%
Total Long-Term Assets $7.999B $8.523B $8.549B
YoY Change -6.15% 1.28% 7.6%
TOTAL ASSETS
Total Short-Term Assets $455.0M $219.0M $339.0M
Total Long-Term Assets $7.999B $8.523B $8.549B
Total Assets $8.454B $8.742B $8.888B
YoY Change -3.29% 1.08% 4.55%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $267.0M $342.0M $299.0M
YoY Change -21.93% 16.33% 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 $445.0M $401.0M
YoY Change -15.96% 12.94% 5.8%
LONG-TERM LIABILITIES
Long-Term Debt $4.441B $4.480B $4.600B
YoY Change -0.87% 9.56% 20.45%
Other Long-Term Liabilities $122.0M $154.0M $166.0M
YoY Change -20.78% -12.0% -13.99%
Total Long-Term Liabilities $4.563B $4.634B $4.766B
YoY Change -1.53% 8.68% 18.79%
TOTAL LIABILITIES
Total Short-Term Liabilities $374.0M $445.0M $401.0M
Total Long-Term Liabilities $4.563B $4.634B $4.766B
Total Liabilities $5.152B $5.166B $5.253B
YoY Change -3.07% 8.71% 17.08%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock $104.0K $105.0K
YoY Change 0.0% 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 $3.427B $3.486B
YoY Change
Total Liabilities & Shareholders Equity $8.454B $8.742B $8.888B
YoY Change -3.29% 1.08% 4.55%

Cashflow Statement

Concept 2016 2015 Q4 2015 Q3
OPERATING ACTIVITIES
Net Income $267.7M $51.05M $21.75M
YoY Change 55.43% 58.18% -20.46%
Depreciation, Depletion And Amortization $142.7M $75.50M $35.70M
YoY Change 3.93% 3.0% -50.89%
Cash From Operating Activities $546.8M $177.6M $114.8M
YoY Change 7.52% 45.69% 5.71%
INVESTING ACTIVITIES
Capital Expenditures -$596.1M -$146.9M -$102.8M
YoY Change -16.23% -78.03% -40.41%
Acquisitions
YoY Change
Other Investing Activities $847.0K $126.9M $600.0K
YoY Change -146.54% -812.92% -99.31%
Cash From Investing Activities -$284.7M -$20.00M -$102.3M
YoY Change -55.87% -97.09% 19.65%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net -$84.06M
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$282.0M -188.1M -53.30M
YoY Change -332.55% -177.09% -117.65%
NET CHANGE
Cash From Operating Activities $546.8M 177.6M 114.8M
Cash From Investing Activities -$284.7M -20.00M -102.3M
Cash From Financing Activities -$282.0M -188.1M -53.30M
Net Change In Cash -$27.30M -30.50M -40.80M
YoY Change 77.63% -90.48% -112.55%
FREE CASH FLOW
Cash From Operating Activities $546.8M $177.6M $114.8M
Capital Expenditures -$596.1M -$146.9M -$102.8M
Free Cash Flow $1.143B $324.5M $217.6M
YoY Change -6.33% -58.94% -22.59%

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CY2016 us-gaap Deferred Foreign Income Tax Expense Benefit
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DeferredIncomeTaxExpenseBenefit
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CY2016 us-gaap Deferred Income Tax Expense Benefit
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CY2015 us-gaap Deferred State And Local Income Tax Expense Benefit
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1158000 USD
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35525000 USD
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33100000 USD
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65841000 USD
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6975000 USD
CY2016Q4 us-gaap Deferred Tax Assets Investments
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28324000 USD
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12600000 USD
CY2016Q4 us-gaap Deferred Tax Assets Liabilities Net
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14000000 USD
CY2015Q4 us-gaap Deferred Tax Assets Net
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36095000 USD
CY2016Q4 us-gaap Deferred Tax Assets Net
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71015000 USD
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19553000 USD
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31381000 USD
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3788000 USD
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5560000 USD
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27350000 USD
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CY2016Q4 us-gaap Deferred Tax Liabilities
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76854000 USD
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19925000 USD
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17282000 USD
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8654000 USD
CY2016Q4 us-gaap Deferred Tax Liabilities Tax Deferred Income
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CY2016 us-gaap Depreciation
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142700000 USD
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248549000 USD
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287835000 USD
CY2016 us-gaap Depreciation Amortization And Accretion Net
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279693000 USD
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237123000 USD
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280315000 USD
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276510000 USD
CY2015Q4 us-gaap Derivative Asset Collateral Obligation To Return Cash Offset
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0 USD
CY2016Q4 us-gaap Derivative Asset Collateral Obligation To Return Cash Offset
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0 USD
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7374000 USD
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2996000 USD
CY2015Q4 us-gaap Derivative Fair Value Of Derivative Asset
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50320000 USD
CY2016Q4 us-gaap Derivative Fair Value Of Derivative Asset
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58418000 USD
CY2014 us-gaap Derivative Instruments Gain Loss Recognized In Other Comprehensive Income Effective Portion Net
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23395000 USD
CY2015 us-gaap Derivative Instruments Gain Loss Recognized In Other Comprehensive Income Effective Portion Net
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29317000 USD
CY2016 us-gaap Derivative Instruments Gain Loss Recognized In Other Comprehensive Income Effective Portion Net
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8581000 USD
CY2014 us-gaap Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
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4081000 USD
CY2015 us-gaap Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet
4965000 USD
CY2016 us-gaap Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
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4330000 USD
CY2015Q4 us-gaap Derivative Net Liability Position Aggregate Fair Value
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8200000 USD
CY2016Q4 us-gaap Derivative Net Liability Position Aggregate Fair Value
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3300000 USD
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P77M
CY2014 us-gaap Diluted Earnings Per Share Pro Forma
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1.31
CY2014 us-gaap Dilutive Securities
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-77000 USD
CY2015 us-gaap Dilutive Securities
DilutiveSecurities
0 USD
CY2016 us-gaap Dilutive Securities
DilutiveSecurities
0 USD
CY2016Q4 us-gaap Disposal Group Including Discontinued Operation Deferred Tax Liabilities
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2500000 USD
CY2014 us-gaap Dividends
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379835000 USD
CY2015 us-gaap Dividends
Dividends
406219000 USD
CY2016 us-gaap Dividends
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102715000 USD
CY2016Q4 us-gaap Dividends Payable Current And Noncurrent
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107090000 USD
CY2015Q4 us-gaap Due From Affiliates
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62218000 USD
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299610000 USD
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2.42
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0.34
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0.60
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0.20
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0.48
CY2015 us-gaap Earnings Per Share Basic
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1.62
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0.54
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0.48
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1.03
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0.44
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2.50
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2.39
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0.34
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0.59
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0.20
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0.48
CY2015 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.61
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EarningsPerShareDiluted
0.54
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0.48
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1.03
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0.44
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2.49
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-20842000 USD
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-26085000 USD
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-6906000 USD
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17300000 USD
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12500000 USD
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6700000 USD
CY2016 us-gaap Employee Service Share Based Compensation Tax Benefit Realized From Exercise Of Stock Options
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1600000 USD
CY2014 us-gaap Equity Method Investment Dividends Or Distributions
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42809000 USD
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51435000 USD
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64650000 USD
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298893000 USD
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5641000 USD
CY2015 us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
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12522000 USD
CY2016 us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
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6711000 USD
CY2014 us-gaap Federal Income Tax Expense Benefit Continuing Operations
FederalIncomeTaxExpenseBenefitContinuingOperations
11936000 USD
CY2015 us-gaap Federal Income Tax Expense Benefit Continuing Operations
FederalIncomeTaxExpenseBenefitContinuingOperations
12452000 USD
CY2016 us-gaap Federal Income Tax Expense Benefit Continuing Operations
FederalIncomeTaxExpenseBenefitContinuingOperations
4804000 USD
CY2016 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.
CY2016 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 fourth quarter of 2016.
CY2016 us-gaap Financing Receivable Reclassification To Held For Sale
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-26200000 USD
CY2015Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
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512392000 USD
CY2016Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
539495000 USD
CY2016Q4 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
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519890000 USD
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148834000 USD
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108988000 USD
CY2016Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
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120336000 USD
CY2016Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
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136173000 USD
CY2016Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
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143115000 USD
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160318000 USD
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54422000 USD
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-400000 USD
CY2015 us-gaap Foreign Currency Transaction Gain Loss Realized
ForeignCurrencyTransactionGainLossRealized
-800000 USD
CY2016 us-gaap Foreign Currency Transaction Gain Loss Realized
ForeignCurrencyTransactionGainLossRealized
-3700000 USD
CY2014 us-gaap Foreign Income Tax Expense Benefit Continuing Operations
ForeignIncomeTaxExpenseBenefitContinuingOperations
-3056000 USD
CY2015 us-gaap Foreign Income Tax Expense Benefit Continuing Operations
ForeignIncomeTaxExpenseBenefitContinuingOperations
14936000 USD
CY2016 us-gaap Foreign Income Tax Expense Benefit Continuing Operations
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-6504000 USD
CY2014 us-gaap Gain Loss On Sale Of Properties
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29250000 USD
CY2015 us-gaap Gain Loss On Sale Of Properties
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6487000 USD
CY2016 us-gaap Gain Loss On Sale Of Properties
GainLossOnSaleOfProperties
71318000 USD
CY2014 us-gaap Gain Loss On Sale Of Properties Net Of Applicable Income Taxes
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1581000 USD
CY2015 us-gaap Gain Loss On Sale Of Properties Net Of Applicable Income Taxes
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6487000 USD
CY2016 us-gaap Gain Loss On Sale Of Properties Net Of Applicable Income Taxes
GainLossOnSaleOfPropertiesNetOfApplicableIncomeTaxes
71318000 USD
CY2016Q3 us-gaap Gains Losses On Sales Of Investment Real Estate
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49100000 USD
CY2014 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
91588000 USD
CY2015 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
103172000 USD
CY2016 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
82352000 USD
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Goodwill
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CY2014Q4 us-gaap Goodwill
Goodwill
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CY2015Q4 us-gaap Goodwill
Goodwill
681809000 USD
CY2016Q4 us-gaap Goodwill
Goodwill
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GoodwillForeignCurrencyTranslationGainLoss
-14258000 USD
CY2015 us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
-10548000 USD
CY2016 us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
-1293000 USD
CY2016 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
10191000 USD
CY2014 us-gaap Goodwill Other Increase Decrease
GoodwillOtherIncreaseDecrease
13585000 USD
CY2015 us-gaap Goodwill Other Increase Decrease
GoodwillOtherIncreaseDecrease
1704000 USD
CY2014 us-gaap Goodwill Written Off Related To Sale Of Business Unit
GoodwillWrittenOffRelatedToSaleOfBusinessUnit
3762000 USD
CY2015 us-gaap Goodwill Written Off Related To Sale Of Business Unit
GoodwillWrittenOffRelatedToSaleOfBusinessUnit
1762000 USD
CY2016 us-gaap Goodwill Written Off Related To Sale Of Business Unit
GoodwillWrittenOffRelatedToSaleOfBusinessUnit
34405000 USD
CY2014 us-gaap Impairment Of Real Estate
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23067000 USD
CY2015 us-gaap Impairment Of Real Estate
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29906000 USD
CY2016 us-gaap Impairment Of Real Estate
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59303000 USD
CY2016 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
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892000 USD
CY2014 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
206329000 USD
CY2015 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
172258000 USD
CY2016 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
267747000 USD
CY2014 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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228779000 USD
CY2015 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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216361000 USD
CY2016 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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206777000 USD
CY2014 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
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211170000 USD
CY2015 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
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178740000 USD
CY2016 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
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203489000 USD
CY2014 us-gaap Income Loss From Continuing Operations Per Basic Share
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2.08
CY2015 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
1.62
CY2016 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
2.50
CY2014 us-gaap Income Loss From Continuing Operations Per Diluted Share
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2.06
CY2015 us-gaap Income Loss From Continuing Operations Per Diluted Share
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1.61
CY2016 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
2.49
CY2014 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
33318000 USD
CY2015 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
0 USD
CY2016 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
0 USD
CY2014 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
33497000 USD
CY2015 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
0 USD
CY2016 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
0 USD
CY2014 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
0.34
CY2015 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
0.00
CY2016 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
0.00
CY2014 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
0.33
CY2015 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
0.00
CY2016 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
0.00
CY2014 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
44116000 USD
CY2015 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
51020000 USD
CY2016 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
64719000 USD
CY2014 us-gaap Income Loss From Equity Method Investments Net Of Dividends Or Distributions
IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions
44116000 USD
CY2015 us-gaap Income Loss From Equity Method Investments Net Of Dividends Or Distributions
IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions
51020000 USD
CY2016 us-gaap Income Loss From Equity Method Investments Net Of Dividends Or Distributions
IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions
64719000 USD
CY2014 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
17609000 USD
CY2015 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
37621000 USD
CY2016 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
3288000 USD
CY2015 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
9074000 USD
CY2016 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
6477000 USD
CY2015 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
-10589000 USD
CY2014 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
7396000 USD
CY2015 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
25244000 USD
CY2016 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
-5380000 USD
CY2015 us-gaap Income Tax Reconciliation Nondeductible Expense
IncomeTaxReconciliationNondeductibleExpense
6982000 USD
CY2016 us-gaap Income Tax Reconciliation Nondeductible Expense
IncomeTaxReconciliationNondeductibleExpense
3111000 USD
CY2014 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
893000 USD
CY2015 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
6234000 USD
CY2016 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
838000 USD
CY2014 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
2296000 USD
CY2015 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
6151000 USD
CY2016 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
2749000 USD
CY2015 us-gaap Income Tax Reconciliation Tax Exempt Income
IncomeTaxReconciliationTaxExemptIncome
5475000 USD
CY2016 us-gaap Income Tax Reconciliation Tax Exempt Income
IncomeTaxReconciliationTaxExemptIncome
5399000 USD
CY2014 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
25200000 USD
CY2015 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
49200000 USD
CY2016 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
19300000 USD
CY2014 us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
-23352000 USD
CY2015 us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
17696000 USD
CY2016 us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
-20674000 USD
CY2014 us-gaap Increase Decrease In Restricted Cash
IncreaseDecreaseInRestrictedCash
23731000 USD
CY2015 us-gaap Increase Decrease In Restricted Cash
IncreaseDecreaseInRestrictedCash
-26610000 USD
CY2016 us-gaap Increase Decrease In Restricted Cash
IncreaseDecreaseInRestrictedCash
-15188000 USD
CY2015Q4 us-gaap Intangible Assets Net Including Goodwill
IntangibleAssetsNetIncludingGoodwill
2105263000 USD
CY2016Q4 us-gaap Intangible Assets Net Including Goodwill
IntangibleAssetsNetIncludingGoodwill
1923589000 USD
CY2014 us-gaap Interest Expense
InterestExpense
178122000 USD
CY2015 us-gaap Interest Expense
InterestExpense
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183409000 USD
CY2014 us-gaap Interest Income Related Party
InterestIncomeRelatedParty
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CY2015 us-gaap Interest Income Related Party
InterestIncomeRelatedParty
1639000 USD
CY2016 us-gaap Interest Income Related Party
InterestIncomeRelatedParty
740000 USD
CY2014 us-gaap Interest Paid
InterestPaid
156300000 USD
CY2015 us-gaap Interest Paid
InterestPaid
174500000 USD
CY2016 us-gaap Interest Paid
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182200000 USD
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-2752000 USD
CY2014 us-gaap Investment Advisory Management And Administrative Fees
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263063000 USD
CY2015 us-gaap Investment Advisory Management And Administrative Fees
InvestmentAdvisoryManagementAndAdministrativeFees
202935000 USD
CY2016 us-gaap Investment Advisory Management And Administrative Fees
InvestmentAdvisoryManagementAndAdministrativeFees
186169000 USD
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5165717000 USD
CY2016Q4 us-gaap Liabilities
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5027849000 USD
CY2015Q4 us-gaap Liabilities And Stockholders Equity
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CY2016Q4 us-gaap Liabilities And Stockholders Equity
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CY2015Q4 us-gaap Line Of Credit
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CY2016Q4 us-gaap Line Of Credit
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CY2016Q4 us-gaap Long Term Debt
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2279751000 USD
CY2016Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
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768480000 USD
CY2016Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
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217044000 USD
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99566000 USD
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940391000 USD
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38063000 USD
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49984000 USD
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61971000 USD
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306000 USD
CY2015 us-gaap Minority Interest Change In Redemption Value
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-8873000 USD
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561000 USD
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19719000 USD
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14713000 USD
CY2016 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
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17030000 USD
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280936000 USD
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343140000 USD
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152537000 USD
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CY2016 us-gaap Net Cash Provided By Used In Investing Activities
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CY2014 us-gaap Net Cash Provided By Used In Operating Activities
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399092000 USD
CY2015 us-gaap Net Cash Provided By Used In Operating Activities
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477277000 USD
CY2016 us-gaap Net Cash Provided By Used In Operating Activities
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517771000 USD
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CY2015Q3 us-gaap Net Income Loss
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21745000 USD
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51049000 USD
CY2015 us-gaap Net Income Loss
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172258000 USD
CY2016Q1 us-gaap Net Income Loss
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57439000 USD
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51661000 USD
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110943000 USD
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47704000 USD
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3575000 USD
CY2015Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
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1833000 USD
CY2015Q4 us-gaap Net Income Loss Attributable To Noncontrolling Interest
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5095000 USD
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3425000 USD
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1510000 USD
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1359000 USD
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-142000 USD
CY2015 us-gaap Net Income Loss Attributable To Redeemable Noncontrolling Interest
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0 USD
CY2016Q4 us-gaap Net Income Loss Attributable To Noncontrolling Interest
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766000 USD
CY2016 us-gaap Net Income Loss Attributable To Noncontrolling Interest
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7060000 USD
CY2016 us-gaap Net Income Loss Attributable To Redeemable Noncontrolling Interest
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0 USD
CY2014 us-gaap Net Income Loss Available To Common Stockholders Basic
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238819000 USD
CY2015 us-gaap Net Income Loss Available To Common Stockholders Basic
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171679000 USD
CY2016 us-gaap Net Income Loss Available To Common Stockholders Basic
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266861000 USD
CY2014 us-gaap Net Income Loss Available To Common Stockholders Diluted
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238742000 USD
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171679000 USD
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266861000 USD
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NoncontrollingInterestDecreaseFromDeconsolidation
14184000 USD
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99757000 USD
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-141193000 USD
CY2016 us-gaap Nonoperating Income Expense
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694410000 USD
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0 USD
CY2016Q4 us-gaap Notes Receivable Related Parties Current
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237613000 USD
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2 segment
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37725000 USD
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52199000 USD
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CY2016Q4 us-gaap Operating Leases Future Minimum Payments Receivable Current
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585799000 USD
CY2016Q4 us-gaap Operating Leases Future Minimum Payments Receivable In Five Years
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506875000 USD
CY2016Q4 us-gaap Operating Leases Future Minimum Payments Receivable In Four Years
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533916000 USD
CY2016Q4 us-gaap Operating Leases Future Minimum Payments Receivable In Three Years
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565614000 USD
CY2016Q4 us-gaap Operating Leases Future Minimum Payments Receivable In Two Years
OperatingLeasesFutureMinimumPaymentsReceivableInTwoYears
575925000 USD
CY2016Q4 us-gaap Operating Leases Future Minimum Payments Receivable Thereafter
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360898000 USD
CY2016Q4 us-gaap Other Assets
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304774000 USD
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0 USD
CY2015 us-gaap Other Comprehensive Income Derivatives Qualifying As Hedges Net Of Tax Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeDerivativesQualifyingAsHedgesNetOfTaxPortionAttributableToNoncontrollingInterest
0 USD
CY2016 us-gaap Other Comprehensive Income Derivatives Qualifying As Hedges Net Of Tax Portion Attributable To Noncontrolling Interest
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CY2015 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Noncontrolling Interest
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CY2016 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Noncontrolling Interest
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-1081000 USD
CY2014 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
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CY2015 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-125447000 USD
CY2016 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
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CY2014 us-gaap Other Comprehensive Income Loss Net Of Tax
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CY2015 us-gaap Other Comprehensive Income Loss Net Of Tax
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CY2014 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
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21085000 USD
CY2015 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
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24053000 USD
CY2016 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
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9278000 USD
CY2014 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
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-10000 USD
CY2015 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
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15000 USD
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2113000 USD
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5667000 USD
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28925000 USD
CY2015 us-gaap Other Real Estate Revenue
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30515000 USD
CY2016 us-gaap Other Real Estate Revenue
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30767000 USD
CY2014 us-gaap Other Sales Revenue Net
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17767000 USD
CY2015 us-gaap Other Sales Revenue Net
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25145000 USD
CY2016 us-gaap Other Sales Revenue Net
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35696000 USD
CY2014 us-gaap Payments For Advance To Affiliate
PaymentsForAdvanceToAffiliate
11000000 USD
CY2015 us-gaap Payments For Advance To Affiliate
PaymentsForAdvanceToAffiliate
185447000 USD
CY2016 us-gaap Payments For Advance To Affiliate
PaymentsForAdvanceToAffiliate
257500000 USD
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CY2014 us-gaap Payments For Proceeds From Productive Assets
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18262000 USD
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4321000 USD
CY2016 us-gaap Payments For Proceeds From Productive Assets
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1016000 USD
CY2014Q1 us-gaap Payments For Repurchase Of Common Stock
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700000 USD
CY2014 us-gaap Payments For Repurchase Of Common Stock
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679000 USD
CY2015 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
0 USD
CY2016 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
0 USD
CY2016 us-gaap Payments For Repurchase Of Redeemable Noncontrolling Interest
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13418000 USD
CY2014 us-gaap Payments Of Dividends Common Stock
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347902000 USD
CY2015 us-gaap Payments Of Dividends Common Stock
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403555000 USD
CY2016 us-gaap Payments Of Dividends Common Stock
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416655000 USD
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20646000 USD
CY2015 us-gaap Payments Of Dividends Minority Interest
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14713000 USD
CY2016 us-gaap Payments Of Dividends Minority Interest
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17030000 USD
CY2014 us-gaap Payments Of Financing Costs
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12321000 USD
CY2015 us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
10878000 USD
CY2016 us-gaap Payments Of Financing Costs
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3619000 USD
CY2014 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
17165000 USD
CY2015 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
18742000 USD
CY2016 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
16291000 USD
CY2014 us-gaap Payments To Acquire Businesses Gross
PaymentsToAcquireBusinessesGross
1338000 USD
CY2015 us-gaap Payments To Acquire Businesses Gross
PaymentsToAcquireBusinessesGross
0 USD
CY2016 us-gaap Payments To Acquire Businesses Gross
PaymentsToAcquireBusinessesGross
0 USD
CY2014 us-gaap Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
25468000 USD
CY2015 us-gaap Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
16229000 USD
CY2016 us-gaap Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
147000 USD
CY2014 us-gaap Payments To Acquire Interest In Subsidiaries And Affiliates
PaymentsToAcquireInterestInSubsidiariesAndAffiliates
0 USD
CY2015 us-gaap Payments To Acquire Interest In Subsidiaries And Affiliates
PaymentsToAcquireInterestInSubsidiariesAndAffiliates
0 USD
CY2016 us-gaap Payments To Acquire Interest In Subsidiaries And Affiliates
PaymentsToAcquireInterestInSubsidiariesAndAffiliates
14861000 USD
CY2014 us-gaap Payments To Acquire Marketable Securities
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7664000 USD
CY2015 us-gaap Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
0 USD
CY2016 us-gaap Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
0 USD
CY2014 us-gaap Payments To Acquire Real Estate
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898162000 USD
CY2015 us-gaap Payments To Acquire Real Estate
PaymentsToAcquireRealEstate
674808000 USD
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PaymentsToAcquireRealEstate
531694000 USD
CY2014 us-gaap Payments To Develop Real Estate Assets
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5757000 USD
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4415000 USD
CY2016 us-gaap Payments To Develop Real Estate Assets
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7884000 USD
CY2015Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.001
CY2016Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.001
CY2015Q4 us-gaap Preferred Stock Shares Authorized
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50000000 shares
CY2016Q4 us-gaap Preferred Stock Shares Authorized
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50000000 shares
CY2015Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2016Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2015Q4 us-gaap Preferred Stock Value
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0 USD
CY2016Q4 us-gaap Preferred Stock Value
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0 USD
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102360038 shares
CY2014 us-gaap Proceeds From Collection Of Notes Receivable
ProceedsFromCollectionOfNotesReceivable
1915000 USD
CY2015 us-gaap Proceeds From Collection Of Notes Receivable
ProceedsFromCollectionOfNotesReceivable
10441000 USD
CY2016 us-gaap Proceeds From Collection Of Notes Receivable
ProceedsFromCollectionOfNotesReceivable
409000 USD
CY2014 us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
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13101000 USD
CY2015 us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
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8200000 USD
CY2016 us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
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6498000 USD
CY2014Q3 us-gaap Proceeds From Issuance Initial Public Offering
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CY2014 us-gaap Proceeds From Issuance Initial Public Offering
ProceedsFromIssuanceInitialPublicOffering
282162000 USD
CY2015 us-gaap Proceeds From Issuance Initial Public Offering
ProceedsFromIssuanceInitialPublicOffering
0 USD
CY2016 us-gaap Proceeds From Issuance Initial Public Offering
ProceedsFromIssuanceInitialPublicOffering
0 USD
CY2014 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
0 USD
CY2015 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
0 USD
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84063000 USD
CY2014 us-gaap Proceeds From Issuance Of Secured Debt
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20354000 USD
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33935000 USD
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1890000 USD
CY2015 us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
515000 USD
CY2016 us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
482000 USD
CY2014 us-gaap Proceeds From Issuance Of Unsecured Debt
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498195000 USD
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1022303000 USD
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348887000 USD
CY2014 us-gaap Proceeds From Minority Shareholders
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570000 USD
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730000 USD
CY2016 us-gaap Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
14530000 USD
CY2014 us-gaap Proceeds From Payments To Minority Shareholders
ProceedsFromPaymentsToMinorityShareholders
693000 USD
CY2015 us-gaap Proceeds From Payments To Minority Shareholders
ProceedsFromPaymentsToMinorityShareholders
730000 USD
CY2016 us-gaap Proceeds From Payments To Minority Shareholders
ProceedsFromPaymentsToMinorityShareholders
346000 USD
CY2014 us-gaap Proceeds From Repayments Of Restricted Cash Financing Activities
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-588000 USD
CY2015 us-gaap Proceeds From Repayments Of Restricted Cash Financing Activities
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-9811000 USD
CY2016 us-gaap Proceeds From Repayments Of Restricted Cash Financing Activities
ProceedsFromRepaymentsOfRestrictedCashFinancingActivities
2734000 USD
CY2014 us-gaap Proceeds From Sale Of Real Estate Heldforinvestment
ProceedsFromSaleOfRealEstateHeldforinvestment
285742000 USD
CY2015 us-gaap Proceeds From Sale Of Real Estate Heldforinvestment
ProceedsFromSaleOfRealEstateHeldforinvestment
35557000 USD
CY2016 us-gaap Proceeds From Sale Of Real Estate Heldforinvestment
ProceedsFromSaleOfRealEstateHeldforinvestment
542422000 USD
CY2014 us-gaap Proceeds From Unsecured Lines Of Credit
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1757151000 USD
CY2015 us-gaap Proceeds From Unsecured Lines Of Credit
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1044767000 USD
CY2016 us-gaap Proceeds From Unsecured Lines Of Credit
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1154157000 USD
CY2014 us-gaap Profit Loss
ProfitLoss
246069000 USD
CY2015Q1 us-gaap Profit Loss
ProfitLoss
38582000 USD
CY2015Q2 us-gaap Profit Loss
ProfitLoss
66923000 USD
CY2015Q3 us-gaap Profit Loss
ProfitLoss
23578000 USD
CY2015Q4 us-gaap Profit Loss
ProfitLoss
56144000 USD
CY2015 us-gaap Profit Loss
ProfitLoss
185227000 USD
CY2016Q1 us-gaap Profit Loss
ProfitLoss
60864000 USD
CY2016Q2 us-gaap Profit Loss
ProfitLoss
53171000 USD
CY2016Q3 us-gaap Profit Loss
ProfitLoss
112302000 USD
CY2016Q4 us-gaap Profit Loss
ProfitLoss
48470000 USD
CY2016 us-gaap Profit Loss
ProfitLoss
274807000 USD
CY2014 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
0 USD
CY2015 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
8748000 USD
CY2016 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
7064000 USD
CY2016 us-gaap Real Estate And Accumulated Depreciation Life Used For Depreciation1
RealEstateAndAccumulatedDepreciationLifeUsedForDepreciation1
CY2016Q4 us-gaap Real Estate Federal Income Tax Basis
RealEstateFederalIncomeTaxBasis
6900000000 USD
CY2015Q4 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
381529000 USD
CY2016Q4 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
484437000 USD
CY2015Q4 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
5011145000 USD
CY2016Q4 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
4801400000 USD
CY2015Q4 us-gaap Real Estate Investments
RealEstateInvestments
5826544000 USD
CY2016Q4 us-gaap Real Estate Investments
RealEstateInvestments
5511706000 USD
CY2015Q4 us-gaap Real Estate Investments Other
RealEstateInvestmentsOther
82749000 USD
CY2016Q4 us-gaap Real Estate Investments Other
RealEstateInvestmentsOther
81711000 USD
CY2014 us-gaap Real Estate Revenue Net
RealEstateRevenueNet
573829000 USD
CY2015 us-gaap Real Estate Revenue Net
RealEstateRevenueNet
656956000 USD
CY2016 us-gaap Real Estate Revenue Net
RealEstateRevenueNet
663463000 USD
CY2014 us-gaap Real Estate Tax Expense
RealEstateTaxExpense
59800000 USD
CY2015 us-gaap Real Estate Tax Expense
RealEstateTaxExpense
57700000 USD
CY2016 us-gaap Real Estate Tax Expense
RealEstateTaxExpense
56000000 USD
CY2014 us-gaap Recognition Of Deferred Revenue
RecognitionOfDeferredRevenue
786000 USD
CY2015 us-gaap Recognition Of Deferred Revenue
RecognitionOfDeferredRevenue
0 USD
CY2016 us-gaap Recognition Of Deferred Revenue
RecognitionOfDeferredRevenue
0 USD
CY2015Q4 us-gaap Redeemable Noncontrolling Interest Equity Carrying Amount
RedeemableNoncontrollingInterestEquityCarryingAmount
14944000 USD
CY2016Q4 us-gaap Redeemable Noncontrolling Interest Equity Carrying Amount
RedeemableNoncontrollingInterestEquityCarryingAmount
965000 USD
CY2014 us-gaap Reimbursement Revenue
ReimbursementRevenue
24862000 USD
CY2015 us-gaap Reimbursement Revenue
ReimbursementRevenue
22832000 USD
CY2016 us-gaap Reimbursement Revenue
ReimbursementRevenue
25438000 USD
CY2015Q4 us-gaap Rental Properties
RentalProperties
5309925000 USD
CY2016Q4 us-gaap Rental Properties
RentalProperties
5204126000 USD
CY2014 us-gaap Repayment Of Notes Receivable From Related Parties
RepaymentOfNotesReceivableFromRelatedParties
11000000 USD
CY2015 us-gaap Repayment Of Notes Receivable From Related Parties
RepaymentOfNotesReceivableFromRelatedParties
185447000 USD
CY2016 us-gaap Repayment Of Notes Receivable From Related Parties
RepaymentOfNotesReceivableFromRelatedParties
37053000 USD
CY2014 us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
1415000000 USD
CY2015 us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
1330122000 USD
CY2016 us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
954006000 USD
CY2014 us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
205024000 USD
CY2015 us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
90328000 USD
CY2016 us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
161104000 USD
CY2014 us-gaap Restructuring Charges
RestructuringCharges
0 USD
CY2015 us-gaap Restructuring Charges
RestructuringCharges
0 USD
CY2016 us-gaap Restructuring Charges
RestructuringCharges
11925000 USD
CY2016Q4 us-gaap Restructuring Reserve
RestructuringReserve
3300000 USD
CY2014 us-gaap Revenue From Related Parties
RevenueFromRelatedParties
295492000 USD
CY2015 us-gaap Revenue From Related Parties
RevenueFromRelatedParties
242888000 USD
CY2016 us-gaap Revenue From Related Parties
RevenueFromRelatedParties
231938000 USD
CY2014 us-gaap Revenues
Revenues
908446000 USD
CY2015Q1 us-gaap Revenues
Revenues
220388000 USD
CY2015Q2 us-gaap Revenues
Revenues
238079000 USD
CY2015Q3 us-gaap Revenues
Revenues
214666000 USD
CY2015Q4 us-gaap Revenues
Revenues
265250000 USD
CY2015 us-gaap Revenues
Revenues
938383000 USD
CY2016Q1 us-gaap Revenues
Revenues
270240000 USD
CY2016Q2 us-gaap Revenues
Revenues
217266000 USD
CY2016Q3 us-gaap Revenues
Revenues
225247000 USD
CY2016Q4 us-gaap Revenues
Revenues
228780000 USD
CY2016 us-gaap Revenues
Revenues
941533000 USD
CY2015Q4 us-gaap Secured Debt
SecuredDebt
2269421000 USD
CY2016Q4 us-gaap Secured Debt
SecuredDebt
1706921000 USD
CY2015Q4 us-gaap Senior Notes
SeniorNotes
1476084000 USD
CY2016Q4 us-gaap Senior Notes
SeniorNotes
1807200000 USD
CY2014 us-gaap Severance Costs1
SeveranceCosts1
1000000 USD
CY2015 us-gaap Severance Costs1
SeveranceCosts1
800000 USD
CY2016 us-gaap Severance Costs1
SeveranceCosts1
500000 USD
CY2014 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Total Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodTotalFairValue
56400000 USD
CY2015 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Total Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodTotalFairValue
58100000 USD
CY2016 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Total Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodTotalFairValue
27800000 USD
CY2014Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
421656 shares
CY2015Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
236112 shares
CY2016Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
145033 shares
CY2014Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
29.75
CY2015Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
30.99
CY2016Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
33.27
CY2014 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod
3118 shares
CY2015 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod
3499 shares
CY2016 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod
752 shares
CY2014 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice
32.99
CY2015 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice
28.71
CY2016 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice
28.42
CY2016Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
3745163 USD
CY2013Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
619601 shares
CY2014Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
475765 shares
CY2015Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
258787 shares
CY2016Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
145033 shares
CY2013Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
30.30
CY2014Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
29.95
CY2015Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
31.10
CY2016Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
33.27
CY2016Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableWeightedAverageExercisePrice
33.27
CY2016Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingAggregateIntrinsicValue
3745163 USD
CY2016Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingNumber
145033 shares
CY2014 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
31.41
CY2015 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
28.57
CY2016 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
28.34
CY2014Q3 us-gaap Share Price
SharePrice
64
CY2016Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
3745163 USD
CY2016 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P0Y3M18D
CY2014 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P1Y9M
CY2015 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P1Y0M22D
CY2016 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P0Y3M18D
CY2016 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1
P0Y3M18D
CY2014 us-gaap State And Local Income Tax Expense Benefit Continuing Operations
StateAndLocalIncomeTaxExpenseBenefitContinuingOperations
8729000 USD
CY2015 us-gaap State And Local Income Tax Expense Benefit Continuing Operations
StateAndLocalIncomeTaxExpenseBenefitContinuingOperations
10233000 USD
CY2016 us-gaap State And Local Income Tax Expense Benefit Continuing Operations
StateAndLocalIncomeTaxExpenseBenefitContinuingOperations
4988000 USD
CY2014Q3 us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
4600000 shares
CY2014 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
140718 shares
CY2015 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
213479 shares
CY2016 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
113002 shares
CY2014 us-gaap Stock Issued During Period Value Acquisitions
StockIssuedDuringPeriodValueAcquisitions
1815521000 USD
CY2014 us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
-462000 USD
CY2015 us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
2735000 USD
CY2016 us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
1210000 USD
CY2014 us-gaap Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
15737000 USD
CY2015 us-gaap Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
15493000 USD
CY2016 us-gaap Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
14599000 USD
CY2014 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
282162000 USD
CY2016 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
83766000 USD
CY2014Q1 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
11037 shares
CY2014 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
678000 USD
CY2015Q4 us-gaap Stockholders Equity
StockholdersEquity
3427243000 USD
CY2016Q4 us-gaap Stockholders Equity
StockholdersEquity
3301667000 USD
CY2013Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2202731000 USD
CY2014Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
3890735000 USD
CY2015Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
3561428000 USD
CY2016Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
3425140000 USD
CY2014 us-gaap Temporary Equity Foreign Currency Translation Adjustments
TemporaryEquityForeignCurrencyTranslationAdjustments
-9000 USD
CY2015 us-gaap Temporary Equity Foreign Currency Translation Adjustments
TemporaryEquityForeignCurrencyTranslationAdjustments
0 USD
CY2016 us-gaap Temporary Equity Foreign Currency Translation Adjustments
TemporaryEquityForeignCurrencyTranslationAdjustments
0 USD
CY2015Q4 us-gaap Treasury Stock Deferred Employee Stock Ownership Plan
TreasuryStockDeferredEmployeeStockOwnershipPlan
56040000 USD
CY2016Q4 us-gaap Treasury Stock Deferred Employee Stock Ownership Plan
TreasuryStockDeferredEmployeeStockOwnershipPlan
50222000 USD
CY2014 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
1007000 USD
CY2015 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
579000 USD
CY2016 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
886000 USD
CY2014Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
2055000 USD
CY2015Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
4304000 USD
CY2016Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
5586000 USD
CY2015 us-gaap Unrecognized Tax Benefits Decreases Resulting From Foreign Currency Translation
UnrecognizedTaxBenefitsDecreasesResultingFromForeignCurrencyTranslation
136000 USD
CY2016 us-gaap Unrecognized Tax Benefits Decreases Resulting From Foreign Currency Translation
UnrecognizedTaxBenefitsDecreasesResultingFromForeignCurrencyTranslation
22000 USD
CY2016Q4 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
1100000 USD
CY2015 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
1510000 USD
CY2016 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
137000 USD
CY2015 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
1447000 USD
CY2016 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
1264000 USD
CY2015 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
572000 USD
CY2016 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
97000 USD
CY2015Q4 us-gaap Variable Interest Entity Entity Maximum Loss Exposure Amount
VariableInterestEntityEntityMaximumLossExposureAmount
154800000 USD
CY2016Q4 us-gaap Variable Interest Entity Entity Maximum Loss Exposure Amount
VariableInterestEntityEntityMaximumLossExposureAmount
152900000 USD
CY2014 us-gaap Weighted Average Basic Shares Outstanding Pro Forma
WeightedAverageBasicSharesOutstandingProForma
101296847 shares
CY2014 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
1063192 shares
CY2015 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
831960 shares
CY2016 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
330191 shares
CY2014 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
99827356 shares
CY2015 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
106507652 shares
CY2016 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
107073203 shares
CY2014 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
98764164 shares
CY2015 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
105675692 shares
CY2016 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
106743012 shares
CY2016 wpc Accrued Noncash Investing Activities
AccruedNoncashInvestingActivities
2100000 USD
CY2014 wpc Advisory Expense
AdvisoryExpense
5501000 USD
CY2015 wpc Advisory Expense
AdvisoryExpense
11303000 USD
CY2016 wpc Advisory Expense
AdvisoryExpense
14141000 USD
CY2014 wpc Affiliates Reimbursement Revenue
AffiliatesReimbursementRevenue
130212000 USD
CY2014 wpc Effective Income Tax Rate Reconciliation Deferred Revenue Amount
EffectiveIncomeTaxRateReconciliationDeferredRevenueAmount
4833000 USD
CY2014 wpc Effective Income Tax Rate Reconciliation Income From Managed Entities Amount
EffectiveIncomeTaxRateReconciliationIncomeFromManagedEntitiesAmount
939000 USD
CY2014 wpc Effective Income Tax Rate Reconciliation Nondeductible Expense Interest Amount
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseInterestAmount
2111000 USD
CY2015 wpc Affiliates Reimbursement Revenue
AffiliatesReimbursementRevenue
55837000 USD
CY2016 wpc Affiliates Reimbursement Revenue
AffiliatesReimbursementRevenue
66433000 USD
CY2014 wpc Allocated Stock Based Compensation Expense Excluding Restructuring Expense
AllocatedStockBasedCompensationExpenseExcludingRestructuringExpense
31075000 USD
CY2015 wpc Allocated Stock Based Compensation Expense Excluding Restructuring Expense
AllocatedStockBasedCompensationExpenseExcludingRestructuringExpense
21626000 USD
CY2016 wpc Allocated Stock Based Compensation Expense Excluding Restructuring Expense
AllocatedStockBasedCompensationExpenseExcludingRestructuringExpense
18015000 USD
CY2015Q4 wpc Asset Management Fees Receivable
AssetManagementFeesReceivable
2172000 USD
CY2016Q4 wpc Asset Management Fees Receivable
AssetManagementFeesReceivable
2449000 USD
CY2014 wpc Business Acquisitions Pro Forma Net Income Loss From Continuing Operations
BusinessAcquisitionsProFormaNetIncomeLossFromContinuingOperations
134460000 USD
CY2014 wpc Business Acquisitions Pro Forma Net Income Loss From Continuing Operations Attributable To Redeemable Noncontrolling Interest
BusinessAcquisitionsProFormaNetIncomeLossFromContinuingOperationsAttributableToRedeemableNoncontrollingInterest
-142000 USD
CY2014 wpc Business Acquisitions Pro Forma Net Income Loss From Continuing Operations Attributableto Noncontrolling Interests
BusinessAcquisitionsProFormaNetIncomeLossFromContinuingOperationsAttributabletoNoncontrollingInterests
5380000 USD
CY2014 wpc Business Acquisitions Pro Forma Net Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interests
BusinessAcquisitionsProFormaNetIncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterests
139698000 USD
CY2015Q4 wpc Capital Leases Net Investment In Direct Financing Leases Excluding Unearned Income
CapitalLeasesNetInvestmentInDirectFinancingLeasesExcludingUnearnedIncome
1497879000 USD
CY2016Q4 wpc Capital Leases Net Investment In Direct Financing Leases Excluding Unearned Income
CapitalLeasesNetInvestmentInDirectFinancingLeasesExcludingUnearnedIncome
1258016000 USD
CY2014 wpc Comprehensive Income Attributable To Redeemable Noncontrolling Interests
ComprehensiveIncomeAttributableToRedeemableNoncontrollingInterests
-133000 USD
CY2015 wpc Comprehensive Income Attributable To Redeemable Noncontrolling Interests
ComprehensiveIncomeAttributableToRedeemableNoncontrollingInterests
0 USD
CY2016 wpc Comprehensive Income Attributable To Redeemable Noncontrolling Interests
ComprehensiveIncomeAttributableToRedeemableNoncontrollingInterests
0 USD
CY2015Q3 wpc Construction In Progress Placed Into Service
ConstructionInProgressPlacedIntoService
53200000 USD
CY2016Q1 wpc Contract Termination Income
ContractTerminationIncome
32200000 USD
CY2015Q4 wpc Current Acquisition Fees Receivable
CurrentAcquisitionFeesReceivable
4909000 USD
CY2016Q4 wpc Current Acquisition Fees Receivable
CurrentAcquisitionFeesReceivable
8024000 USD
CY2014 wpc Current Foreign Tax Expense Benefit Excluding Portion Attributableto Taxable Subsidiary
CurrentForeignTaxExpenseBenefitExcludingPortionAttributabletoTaxableSubsidiary
6869000 USD
CY2014 wpc Dealer Manager Feesand Expenses
DealerManagerFeesandExpenses
21760000 USD
CY2015 wpc Dealer Manager Feesand Expenses
DealerManagerFeesandExpenses
11403000 USD
CY2016 wpc Dealer Manager Feesand Expenses
DealerManagerFeesandExpenses
12808000 USD
CY2014 wpc Deconsolidationof Affiliates Cash Transferredto Entity
DeconsolidationofAffiliatesCashTransferredtoEntity
0 USD
CY2015 wpc Deconsolidationof Affiliates Cash Transferredto Entity
DeconsolidationofAffiliatesCashTransferredtoEntity
0 USD
CY2016 wpc Deconsolidationof Affiliates Cash Transferredto Entity
DeconsolidationofAffiliatesCashTransferredtoEntity
15408000 USD
CY2014 wpc Decrease In Additional Paid In Capital For Purchases
DecreaseInAdditionalPaidInCapitalForPurchases
41374000 USD
CY2015 wpc Decrease In Additional Paid In Capital For Purchases
DecreaseInAdditionalPaidInCapitalForPurchases
0 USD
CY2016 wpc Decrease In Additional Paid In Capital For Purchases
DecreaseInAdditionalPaidInCapitalForPurchases
0 USD
CY2014 wpc Deferred Acquisition Revenue Received
DeferredAcquisitionRevenueReceived
15724000 USD
CY2015 wpc Deferred Acquisition Revenue Received
DeferredAcquisitionRevenueReceived
23469000 USD
CY2016 wpc Deferred Acquisition Revenue Received
DeferredAcquisitionRevenueReceived
20695000 USD
CY2014 wpc Deferred Revenue Recognized
DeferredRevenueRecognized
786000 USD
CY2015 wpc Deferred Revenue Recognized
DeferredRevenueRecognized
0 USD
CY2016 wpc Deferred Revenue Recognized
DeferredRevenueRecognized
0 USD
CY2015Q4 wpc Deferred Tax Liability Basis Difference
DeferredTaxLiabilityBasisDifference
81058000 USD
CY2016Q4 wpc Deferred Tax Liability Basis Difference
DeferredTaxLiabilityBasisDifference
123269000 USD
CY2015Q4 wpc Deferredacquisitionfeesreceivable
Deferredacquisitionfeesreceivable
33386000 USD
CY2016Q4 wpc Deferredacquisitionfeesreceivable
Deferredacquisitionfeesreceivable
21967000 USD
CY2015Q4 wpc Distributionand Shareholder Servicing Fee Receivable
DistributionandShareholderServicingFeeReceivable
11801000 USD
CY2016Q4 wpc Distributionand Shareholder Servicing Fee Receivable
DistributionandShareholderServicingFeeReceivable
19341000 USD
CY2014 wpc Distributionof Available Cash From Managed Reits
DistributionofAvailableCashFromManagedReits
31052000 USD
CY2015 wpc Distributionof Available Cash From Managed Reits
DistributionofAvailableCashFromManagedReits
38406000 USD
CY2016 wpc Distributionof Available Cash From Managed Reits
DistributionofAvailableCashFromManagedReits
45121000 USD
CY2015Q4 wpc Finite Lived Intangible Asset Acquired In Place Leases Net
FiniteLivedIntangibleAssetAcquiredInPlaceLeasesNet
902848000 USD
CY2016Q4 wpc Finite Lived Intangible Asset Acquired In Place Leases Net
FiniteLivedIntangibleAssetAcquiredInPlaceLeasesNet
826113000 USD
CY2015Q4 wpc Finite Lived Intangible Asset Off Market Lease Favorable Net
FiniteLivedIntangibleAssetOffMarketLeaseFavorableNet
475072000 USD
CY2016Q4 wpc Finite Lived Intangible Asset Off Market Lease Favorable Net
FiniteLivedIntangibleAssetOffMarketLeaseFavorableNet
421456000 USD
CY2016Q4 wpc Finite Lived Intangible Assets Liabilities Net
FiniteLivedIntangibleAssetsLiabilitiesNet
1177336000 USD
CY2015Q4 wpc Finite Lived Intangible Liabilities Accumulated Amortization
FiniteLivedIntangibleLiabilitiesAccumulatedAmortization
46647000 USD
CY2016Q4 wpc Finite Lived Intangible Liabilities Accumulated Amortization
FiniteLivedIntangibleLiabilitiesAccumulatedAmortization
40593000 USD
CY2015Q4 wpc Finite Lived Intangible Liabilities Gross
FiniteLivedIntangibleLiabilitiesGross
184251000 USD
CY2016Q4 wpc Finite Lived Intangible Liabilities Gross
FiniteLivedIntangibleLiabilitiesGross
146085000 USD
CY2015Q4 wpc Finite Lived Intangible Liabilities Net
FiniteLivedIntangibleLiabilitiesNet
137604000 USD
CY2016Q4 wpc Finite Lived Intangible Liabilities Net
FiniteLivedIntangibleLiabilitiesNet
105492000 USD
CY2014 wpc Foreign Currency Translation Adjustment Attributable To Noncontrolling Interest
ForeignCurrencyTranslationAdjustmentAttributableToNoncontrollingInterest
76000 USD
CY2016 wpc Funds Capitalized For Construction In Progress
FundsCapitalizedForConstructionInProgress
58700000 USD
CY2014 wpc Gain Loss On Change In Control Of Interests Excluding Allocation Of Profit Sharing Interest
GainLossOnChangeInControlOfInterestsExcludingAllocationOfProfitSharingInterest
105947000 USD
CY2015 wpc Gain Loss On Change In Control Of Interests Excluding Allocation Of Profit Sharing Interest
GainLossOnChangeInControlOfInterestsExcludingAllocationOfProfitSharingInterest
0 USD
CY2016 wpc Gain Loss On Change In Control Of Interests Excluding Allocation Of Profit Sharing Interest
GainLossOnChangeInControlOfInterestsExcludingAllocationOfProfitSharingInterest
0 USD
CY2014 wpc Gain On Change In Control Of Interests
GainOnChangeInControlOfInterests
105947000 USD
CY2015 wpc Gain On Change In Control Of Interests
GainOnChangeInControlOfInterests
0 USD
CY2016 wpc Gain On Change In Control Of Interests
GainOnChangeInControlOfInterests
0 USD
CY2014 wpc Incentive Termination And Subordinated Disposition Revenue
IncentiveTerminationAndSubordinatedDispositionRevenue
0 USD
CY2015 wpc Incentive Termination And Subordinated Disposition Revenue
IncentiveTerminationAndSubordinatedDispositionRevenue
203000 USD
CY2016 wpc Incentive Termination And Subordinated Disposition Revenue
IncentiveTerminationAndSubordinatedDispositionRevenue
2435000 USD
CY2014 wpc Increase Decrease In Structuring Revenue Receivable
IncreaseDecreaseInStructuringRevenueReceivable
23713000 USD
CY2015 wpc Increase Decrease In Structuring Revenue Receivable
IncreaseDecreaseInStructuringRevenueReceivable
29327000 USD
CY2016 wpc Increase Decrease In Structuring Revenue Receivable
IncreaseDecreaseInStructuringRevenueReceivable
8951000 USD
CY2015Q4 wpc Indefinite Lived Intangible Asset
IndefiniteLivedIntangibleAsset
686679000 USD
CY2016Q4 wpc Indefinite Lived Intangible Asset
IndefiniteLivedIntangibleAsset
640761000 USD
CY2015Q4 wpc Intangible Assets Gross Including Goodwill
IntangibleAssetsGrossIncludingGoodwill
2617655000 USD
CY2016Q4 wpc Intangible Assets Gross Including Goodwill
IntangibleAssetsGrossIncludingGoodwill
2463084000 USD
CY2015Q4 wpc Intangible Liabilities Gross
IntangibleLiabilitiesGross
200962000 USD
CY2016Q4 wpc Intangible Liabilities Gross
IntangibleLiabilitiesGross
162796000 USD
CY2015Q4 wpc Intangible Liabilities Net
IntangibleLiabilitiesNet
154315000 USD
CY2016Q4 wpc Intangible Liabilities Net
IntangibleLiabilitiesNet
122203000 USD
CY2016Q4 wpc Long Term Debt Before Unamortized Discount
LongTermDebtBeforeUnamortizedDiscount
4462217000 USD
CY2014 wpc Management Income Received In Shares Of Affiliates
ManagementIncomeReceivedInSharesOfAffiliates
39866000 USD
CY2015 wpc Management Income Received In Shares Of Affiliates
ManagementIncomeReceivedInSharesOfAffiliates
23266000 USD
CY2016 wpc Management Income Received In Shares Of Affiliates
ManagementIncomeReceivedInSharesOfAffiliates
31786000 USD
CY2016Q4 wpc Maximum Cash Distribution Per Credit Agreement
MaximumCashDistributionPerCreditAgreement
100000000.0 USD
CY2014 wpc Net Income Loss Including Portion Attributable To Redeemable Noncontrolling Interest
NetIncomeLossIncludingPortionAttributableToRedeemableNoncontrollingInterest
246211000 USD
CY2015 wpc Net Income Loss Including Portion Attributable To Redeemable Noncontrolling Interest
NetIncomeLossIncludingPortionAttributableToRedeemableNoncontrollingInterest
185227000 USD
CY2016 wpc Net Income Loss Including Portion Attributable To Redeemable Noncontrolling Interest
NetIncomeLossIncludingPortionAttributableToRedeemableNoncontrollingInterest
274807000 USD
CY2014 wpc Net Transfers To Noncontrolling Interest
NetTransfersToNoncontrollingInterest
198452000 USD
CY2015 wpc Net Transfers To Noncontrolling Interest
NetTransfersToNoncontrollingInterest
172258000 USD
CY2016 wpc Net Transfers To Noncontrolling Interest
NetTransfersToNoncontrollingInterest
267747000 USD
CY2016 wpc Numberof Properties Disposed Of
NumberofPropertiesDisposedOf
15 property
CY2016Q3 wpc Numberof Properties Sold
NumberofPropertiesSold
4 property
CY2015Q4 wpc Organization And Offering Costs Receivable
OrganizationAndOfferingCostsReceivable
461000 USD
CY2016Q4 wpc Organization And Offering Costs Receivable
OrganizationAndOfferingCostsReceivable
784000 USD
CY2014 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
21085000 USD
CY2015 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
24053000 USD
CY2016 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
9278000 USD
CY2014 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
-117947000 USD
CY2015 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
-125447000 USD
CY2016 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
-92434000 USD
CY2014 wpc Other Comprehensive Income Lossunrealizedholding Gain Loss On Securities Arising During Period Including Portion Attributable To Redeemable Noncontrolling Interest Net Of Tax
OtherComprehensiveIncomeLossunrealizedholdingGainLossOnSecuritiesArisingDuringPeriodIncludingPortionAttributableToRedeemableNoncontrollingInterestNetOfTax
-10000 USD
CY2015 wpc Other Comprehensive Income Lossunrealizedholding Gain Loss On Securities Arising During Period Including Portion Attributable To Redeemable Noncontrolling Interest Net Of Tax
OtherComprehensiveIncomeLossunrealizedholdingGainLossOnSecuritiesArisingDuringPeriodIncludingPortionAttributableToRedeemableNoncontrollingInterestNetOfTax
15000 USD
CY2016 wpc Other Comprehensive Income Lossunrealizedholding Gain Loss On Securities Arising During Period Including Portion Attributable To Redeemable Noncontrolling Interest Net Of Tax
OtherComprehensiveIncomeLossunrealizedholdingGainLossOnSecuritiesArisingDuringPeriodIncludingPortionAttributableToRedeemableNoncontrollingInterestNetOfTax
-126000 USD
CY2014 wpc Other Stateand Local Income Tax Expense Benefit
OtherStateandLocalIncomeTaxExpenseBenefit
2197000 USD
CY2016Q4 wpc Partially Completed Construction Projects Count
PartiallyCompletedConstructionProjectsCount
3 property
CY2014 wpc Payments To Acquire Real Estate Under Construction
PaymentsToAcquireRealEstateUnderConstruction
20647000 USD
CY2015 wpc Payments To Acquire Real Estate Under Construction
PaymentsToAcquireRealEstateUnderConstruction
28040000 USD
CY2016 wpc Payments To Acquire Real Estate Under Construction
PaymentsToAcquireRealEstateUnderConstruction
56557000 USD
CY2014Q1 wpc Per Share Closing Price
PerShareClosingPrice
59.08
CY2016 wpc Percentage Of Available Cash Distribution To Advisor
PercentageOfAvailableCashDistributionToAdvisor
0.1
CY2014 wpc Pre Tax Income From Taxable Subsidiaries
PreTaxIncomeFromTaxableSubsidiaries
21131000 USD
CY2015 wpc Pre Tax Income From Taxable Subsidiaries
PreTaxIncomeFromTaxableSubsidiaries
72343000 USD
CY2016 wpc Pre Tax Income From Taxable Subsidiaries
PreTaxIncomeFromTaxableSubsidiaries
-15374000 USD
CY2014 wpc Prepayment Of Mortgage Principal
PrepaymentOfMortgagePrincipal
220786000 USD
CY2015 wpc Prepayment Of Mortgage Principal
PrepaymentOfMortgagePrincipal
91560000 USD
CY2016 wpc Prepayment Of Mortgage Principal
PrepaymentOfMortgagePrincipal
321705000 USD
CY2014 wpc Proceeds From Shares Issuedby Affiliates
ProceedsFromSharesIssuedbyAffiliates
0 USD
CY2015 wpc Proceeds From Shares Issuedby Affiliates
ProceedsFromSharesIssuedbyAffiliates
0 USD
CY2016 wpc Proceeds From Shares Issuedby Affiliates
ProceedsFromSharesIssuedbyAffiliates
14184000 USD
CY2014 wpc Real Estate Revenueand Other
RealEstateRevenueandOther
645383000 USD
CY2015 wpc Real Estate Revenueand Other
RealEstateRevenueandOther
735448000 USD
CY2016 wpc Real Estate Revenueand Other
RealEstateRevenueandOther
755364000 USD
CY2014 wpc Realized Gain Loss On Foreign Currency Transactions And Other
RealizedGainLossOnForeignCurrencyTransactionsAndOther
-3012000 USD
CY2015 wpc Realized Gain Loss On Foreign Currency Transactions And Other
RealizedGainLossOnForeignCurrencyTransactionsAndOther
1978000 USD
CY2016 wpc Realized Gain Loss On Foreign Currency Transactions And Other
RealizedGainLossOnForeignCurrencyTransactionsAndOther
1314000 USD
CY2014 wpc Related Party Reimbursement Revenue
RelatedPartyReimbursementRevenue
130212000 USD
CY2015 wpc Related Party Reimbursement Revenue
RelatedPartyReimbursementRevenue
55837000 USD
CY2016 wpc Related Party Reimbursement Revenue
RelatedPartyReimbursementRevenue
66433000 USD
CY2015Q4 wpc Related Party Reimbursement Revenue Receivable
RelatedPartyReimbursementRevenueReceivable
5579000 USD
CY2016Q4 wpc Related Party Reimbursement Revenue Receivable
RelatedPartyReimbursementRevenueReceivable
4427000 USD
CY2014 wpc Straight Line Rent Adjustments And Amortization Of Rent Related Intangibles
StraightLineRentAdjustmentsAndAmortizationOfRentRelatedIntangibles
44843000 USD
CY2015 wpc Straight Line Rent Adjustments And Amortization Of Rent Related Intangibles
StraightLineRentAdjustmentsAndAmortizationOfRentRelatedIntangibles
16071000 USD
CY2016 wpc Straight Line Rent Adjustments And Amortization Of Rent Related Intangibles
StraightLineRentAdjustmentsAndAmortizationOfRentRelatedIntangibles
-14514000 USD
CY2014 wpc Structuring Revenue
StructuringRevenue
71256000 USD
CY2015 wpc Structuring Revenue
StructuringRevenue
92117000 USD
CY2016 wpc Structuring Revenue
StructuringRevenue
47328000 USD
CY2014 wpc Tax Provision Taxable Subsidiaries
TaxProvisionTaxableSubsidiaries
18468000 USD
CY2015Q4 wpc Unfunded Commitment
UnfundedCommitment
12200000 USD
CY2016Q4 wpc Unfunded Commitment
UnfundedCommitment
135200000 USD
CY2016Q4 wpc Variable Interest Entities Consolidated Count
VariableInterestEntitiesConsolidatedCount
25 vie
CY2016Q4 wpc Variable Interest Entities Count
VariableInterestEntitiesCount
32 vie
CY2015Q4 wpc Variable Interest Entities Unconsolidated Count
VariableInterestEntitiesUnconsolidatedCount
7 vie
CY2016Q4 wpc Variable Interest Entities Unconsolidated Count
VariableInterestEntitiesUnconsolidatedCount
7 vie
CY2014 wpc Vat Paid In Connection With Acquisition Of Real Estate
VatPaidInConnectionWithAcquisitionOfRealEstate
7036000 USD
CY2015 wpc Vat Paid In Connection With Acquisition Of Real Estate
VatPaidInConnectionWithAcquisitionOfRealEstate
10401000 USD
CY2016 wpc Vat Paid In Connection With Acquisition Of Real Estate
VatPaidInConnectionWithAcquisitionOfRealEstate
4550000 USD
CY2014 wpc Vat Refunded In Connection With Acquisitions In Real Estate
VatRefundedInConnectionWithAcquisitionsInRealEstate
0 USD
CY2015 wpc Vat Refunded In Connection With Acquisitions In Real Estate
VatRefundedInConnectionWithAcquisitionsInRealEstate
9997000 USD
CY2016 wpc Vat Refunded In Connection With Acquisitions In Real Estate
VatRefundedInConnectionWithAcquisitionsInRealEstate
1038000 USD
CY2014 wpc Wholesaling Revenue
WholesalingRevenue
23532000 USD
CY2015 wpc Wholesaling Revenue
WholesalingRevenue
4794000 USD
CY2016 wpc Wholesaling Revenue
WholesalingRevenue
8002000 USD
CY2016 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;"> </font><font style="font-family:inherit;font-size:10pt;">December&#160;31, 2016</font></div></div>
CY2016 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;font-weight:bold;">Recent Accounting Pronouncements</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;">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, which constitute a majority of our revenues, but will apply to reimbursed tenant costs and revenues generated from our operating properties and our Investment Management business. We will adopt this guidance for our annual and interim periods beginning January 1, 2018 using one of two methods: retrospective restatement for each reporting period presented at the time of adoption, or retrospectively with the cumulative effect of initially applying this guidance recognized at the date of initial application. We have not decided which method of adoption we will use. 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 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 over the managing member or substantive participating rights over the entity or VIE. 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 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. The ASU is expected to impact our consolidated financial statements as we have certain operating office and land lease arrangements for which we are the lessee. 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.</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;">We adopted ASU 2016-09 as of January 1, 2017 and elected to account for forfeitures as they occur, rather than to account for them based on an estimate of expected forfeitures. This election is to be adopted using a modified retrospective transition method, with a cumulative effect adjustment to retained earnings. The related financial statement impact of this adjustment is not expected to be material. Depending on several factors, such as the market price of our common stock, employee stock option exercise behavior, and corporate income tax rates, the excess tax benefits associated with the exercise of stock options and the vesting and delivery of RSAs, RSUs, and PSUs could generate a significant income tax benefit in a particular interim period, potentially creating volatility in Net income attributable to W. P. Carey and basic and diluted earnings per share between interim periods. We do not expect that the impact will be material to Net income attributable to W. P. Carey and basic and diluted earnings per share on an annual basis. Under the current accounting guidance, windfall tax benefits related to stock-based compensation were approximately </font><font style="font-family:inherit;font-size:10pt;">$6.7 million</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">$12.5 million</font><font style="font-family:inherit;font-size:10pt;"> during the years ended December 31, 2016 and 2015, respectively, and were recognized within Additional paid-in capital in our consolidated financial statements. If ASU 2016-09 had been adopted as of January 1, 2015, these amounts would have been reflected as a reduction to Provision for income taxes in those respective periods.</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 based on current expected 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%;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. The adoption of this standard is not expected to have a material impact on our consolidated financial statements.</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;">In November 2016, the FASB issued </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">ASU 2016-18, Statement of Cash Flows (Topic 230): Restricted Cash</font><font style="font-family:inherit;font-size:10pt;">. ASU 2016-18 intends to reduce diversity in practice for the classification and presentation of changes in restricted cash on the statement of cash flows. ASU 2016-18 requires that a statement of cash flows explain the change during the period in the total of cash, cash equivalents, and amounts generally described as restricted cash or restricted cash equivalents. Therefore, amounts generally described as restricted cash and restricted cash equivalents should be included with cash and cash equivalents when reconciling the beginning-of-period and end-of-period total amounts shown on the statement of cash flows. ASU 2016-18 will be effective for public business entities in fiscal years beginning after December 15, 2017, including interim periods within those fiscal years, with early adoption permitted. We are in the process of evaluating the impact of adopting ASU 2016-18 on our consolidated financial statements.</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;">In January 2017, the FASB issued </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">ASU 2017-01, Business Combinations&#160;(Topic 805): Clarifying the Definition of a Business</font><font style="font-family:inherit;font-size:10pt;">. ASU 2017-01 intends to clarify the definition of a business with the objective of adding guidance to assist entities with evaluating whether transactions should be accounted for as acquisitions (or disposals) of assets or businesses. Under the current implementation guidance in Topic 805, there are three elements of a business: inputs, processes, and outputs. While an integrated set of assets and activities, collectively referred to as a &#8220;set,&#8221; that is a business usually has outputs, outputs are not required to be present.&#160;ASU 2017-01 provides a screen to determine when a set is not a business. The screen requires that when substantially all of the fair value of the gross assets acquired (or disposed of) is concentrated in a single identifiable asset or a group of similar identifiable assets, the set is not a business.&#160;ASU 2017-01 will be effective for public business entities in fiscal years beginning after December 15, 2017, including interim periods within those fiscal years, with early adoption permitted. We elected to early adopt ASU 2017-01 on January 1, 2017 on a prospective basis. While our acquisitions have historically been classified as either business combinations or asset acquisitions, certain acquisitions that were classified as business combinations by us likely would have been considered asset acquisitions under the new standard. As a result, future transaction costs are more likely to be capitalized since we expect most of our future acquisitions to be classified as asset acquisitions under this new standard. In addition, goodwill that was previously allocated to businesses that were sold or held for sale will no longer be allocated and written off upon sale if future sales were deemed to be sales of assets and not businesses.</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;">In January 2017, the FASB issued </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">ASU 2017-04, Intangibles &#8211; Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment</font><font style="font-family:inherit;font-size:10pt;">. ASU 2017-04 removes step 2 of the goodwill impairment test, which requires a hypothetical purchase price allocation. A goodwill impairment will now be the amount by which a reporting unit&#8217;s carrying value exceeds its fair value, not to exceed the carrying amount of goodwill. All other goodwill impairment guidance will remain largely unchanged. Entities will continue to have the option to perform a qualitative assessment to determine if a quantitative impairment test is necessary. ASU 2017-04 will be effective for public business entities in fiscal years beginning after December 15, 2019, including interim periods within those fiscal years in which a goodwill impairment test is performed, with early adoption permitted. We are in the process of evaluating the impact of adopting ASU 2017-04 on our consolidated financial statements.</font></div></div>
CY2016 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 (</font><a style="font-family:inherit;font-size:10pt;" href="#sA7760700978C5E5BA51E0ED87F130C94"><font style="font-family:inherit;font-size:10pt;">Note 3</font></a><font style="font-family:inherit;font-size:10pt;">), which we refer to as the CPA</font><font style="font-family:inherit;font-size:10pt;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">&#174;</sup></font><font style="font-family:inherit;font-size:10pt;">:16 Merger. Our shares of common stock are listed on the New York Stock Exchange under the symbol &#8220;WPC.&#8221;</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">We have elected to be taxed as a REIT under Section&#160;856 through 860 of the Internal Revenue Code. As a REIT, we are not generally subject to United States federal income taxation other than from our taxable REIT subsidiaries, or TRSs, as long as we satisfy certain requirements, principally relating to the nature of our income and the level of our distributions, as well as other factors. We hold all of our real estate assets attributable to our 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 that invest in similar properties. At </font><font style="font-family:inherit;font-size:10pt;">December&#160;31, 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 were also the advisor to CPA</font><font style="font-family:inherit;font-size:10pt;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">&#174;</sup></font><font style="font-family:inherit;font-size:10pt;">:16 &#8211; Global until its merger with us. We refer to CPA</font><font style="font-family:inherit;font-size:10pt;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">&#174;</sup></font><font style="font-family:inherit;font-size:10pt;">:16 &#8211; Global, CPA</font><font style="font-family:inherit;font-size:10pt;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">&#174;</sup></font><font style="font-family:inherit;font-size:10pt;">:17 &#8211; Global, and CPA</font><font style="font-family:inherit;font-size:10pt;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">&#174;</sup></font><font style="font-family:inherit;font-size:10pt;">:18 &#8211; Global together as the CPA</font><font style="font-family:inherit;font-size:10pt;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">&#174;</sup></font><font style="font-family:inherit;font-size:10pt;"> REITs. </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;">At </font><font style="font-family:inherit;font-size:10pt;">December&#160;31, 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="#s22A73C4C6E865EE382B4CD92F4011284"><font style="font-family:inherit;font-size:10pt;">Note 4</font></a><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;">At </font><font style="font-family:inherit;font-size:10pt;">December&#160;31, 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 feeder funds of CCIF, or the CCIF Feeder Funds, which are also BDCs (</font><a style="font-family:inherit;font-size:10pt;" href="#s22A73C4C6E865EE382B4CD92F4011284"><font style="font-family:inherit;font-size:10pt;">Note 4</font></a><font style="font-family:inherit;font-size:10pt;">). In May 2016, one of the CCIF Feeder Funds, Carey Credit Income Fund 2018 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;">102,564,103</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;">December&#160;31, 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 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%;text-align:left;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 included </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. We have decided to delay the introduction 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 due to regulatory uncertainty surrounding the adoption of the Fiduciary Rule and the resulting impact on the market with regard to product choices, pricing, and timing, which is currently in a state of flux. As a result, there can be no assurances as to whether or when 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 offering will commence. Through </font><font style="font-family:inherit;font-size:10pt;">December&#160;31, 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.</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 North America, Europe, Australia, and Asia that are then leased to companies, primarily on a triple-net lease basis. We also own </font><font style="font-family:inherit;font-size:10pt;">two</font><font style="font-family:inherit;font-size:10pt;"> hotels, which are considered operating 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 and limited partnership units of the Managed Programs (</font><a style="font-family:inherit;font-size:10pt;" href="#s303654C131F4552EA10E3669B9899118"><font style="font-family:inherit;font-size:10pt;">Note 7</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="#s22A73C4C6E865EE382B4CD92F4011284"><font style="font-family:inherit;font-size:10pt;">Note&#160;4</font></a><font style="font-family:inherit;font-size:10pt;">). At </font><font style="font-family:inherit;font-size:10pt;">December&#160;31, 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;">903</font><font style="font-family:inherit;font-size:10pt;"> properties, totaling approximately </font><font style="font-family:inherit;font-size:10pt;">87.9 million</font><font style="font-family:inherit;font-size:10pt;"> square feet (unaudited), substantially all of which were net leased to </font><font style="font-family:inherit;font-size:10pt;">217</font><font style="font-family:inherit;font-size:10pt;"> tenants, with an occupancy rate of </font><font style="font-family:inherit;font-size:10pt;">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 our TRSs, we structure and negotiate investments and debt placement transactions for the Managed REITs and CESH I, 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;">December&#160;31, 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;">446</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;">52.0 million</font><font style="font-family:inherit;font-size:10pt;"> square feet (unaudited), were net leased to </font><font style="font-family:inherit;font-size:10pt;">216</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 and CESH I also had interests in </font><font style="font-family:inherit;font-size:10pt;">160</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 (unaudited), 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 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>
CY2016 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<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;">Reclassifications </font><font style="font-family:inherit;font-size:10pt;background-color:#ffffff;">&#8212;</font><font style="font-family:inherit;font-size:10pt;"> </font><font style="font-family:inherit;font-size:10pt;">Certain prior period amounts have been reclassified to conform to the current period presentation.</font></div></div>
CY2016 us-gaap Use Of Estimates
UseOfEstimates
<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;">Use of Estimates </font><font style="font-family:inherit;font-size:10pt;background-color:#ffffff;">&#8212;</font><font style="font-family:inherit;font-size:10pt;"> </font><font style="font-family:inherit;font-size:10pt;">The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts and the disclosure of contingent amounts in our consolidated financial statements and the accompanying notes. Actual results could differ from those estimates.</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"></font></div></div>

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