2017 Q4 Form 10-Q Financial Statement
#000102537817000062 Filed on November 03, 2017
Income Statement
Concept | 2017 Q4 | 2017 Q3 | 2016 Q3 |
---|---|---|---|
Revenue | $197.0M | $210.8M | $225.2M |
YoY Change | -13.91% | -6.43% | 4.93% |
Cost Of Revenue | $23.20M | $11.61M | $39.10M |
YoY Change | -48.67% | -70.31% | 20.31% |
Gross Profit | $173.8M | $199.1M | $186.1M |
YoY Change | -5.34% | 7.01% | 2.2% |
Gross Profit Margin | 88.24% | 94.49% | 82.62% |
Selling, General & Admin | $22.00M | $21.90M | $20.10M |
YoY Change | -19.41% | 8.96% | -25.0% |
% of Gross Profit | 12.66% | 11.0% | 10.8% |
Research & Development | |||
YoY Change | |||
% of Gross Profit | |||
Depreciation & Amortization | $66.10M | $36.30M | $35.40M |
YoY Change | 3.77% | 2.54% | -0.84% |
% of Gross Profit | 38.03% | 18.23% | 19.02% |
Operating Expenses | $86.00M | $86.00M | $83.00M |
YoY Change | -4.34% | 3.61% | -18.95% |
Operating Profit | $87.80M | $113.1M | $103.1M |
YoY Change | -6.3% | 9.74% | 29.36% |
Interest Expense | -$23.30M | $41.18M | $44.35M |
YoY Change | -23.36% | -7.14% | -10.74% |
% of Operating Profit | -26.54% | 36.4% | 43.02% |
Other Income/Expense, Net | $35.00M | -$29.43M | -$22.45M |
YoY Change | -5100.0% | 31.13% | -26.26% |
Pretax Income | $97.00M | $66.16M | $66.30M |
YoY Change | 83.02% | -0.22% | 163.51% |
Income Tax | $7.600M | $1.760M | $3.154M |
% Of Pretax Income | 7.84% | 2.66% | 4.76% |
Net Earnings | $75.21M | $80.28M | $110.9M |
YoY Change | 57.66% | -27.64% | 410.2% |
Net Earnings / Revenue | 38.18% | 38.09% | 49.25% |
Basic Earnings Per Share | $0.69 | $0.74 | $1.03 |
Diluted Earnings Per Share | $0.69 | $0.74 | $1.03 |
COMMON SHARES | |||
Basic Shares Outstanding | 106.9M shares | 108.0M shares | 107.2M shares |
Diluted Shares Outstanding | 108.1M shares | 107.5M shares |
Balance Sheet
Concept | 2017 Q4 | 2017 Q3 | 2016 Q3 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $162.0M | $170.0M | $209.0M |
YoY Change | 4.52% | -18.66% | 9.42% |
Cash & Equivalents | $162.3M | $169.8M | $209.5M |
Short-Term Investments | |||
Other Short-Term Assets | |||
YoY Change | |||
Inventory | $0.00 | $11.00M | |
Prepaid Expenses | |||
Receivables | |||
Other Receivables | |||
Total Short-Term Assets | $267.0M | $335.0M | $261.0M |
YoY Change | -41.32% | 28.35% | -23.01% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $4.827B | $4.835B | $4.848B |
YoY Change | 0.54% | -0.27% | -3.6% |
Goodwill | $644.0M | $643.3M | $640.3M |
YoY Change | 1.26% | 0.47% | -6.47% |
Intangibles | |||
YoY Change | |||
Long-Term Investments | $341.5M | $327.6M | $294.7M |
YoY Change | 14.24% | 11.17% | 6.82% |
Other Assets | $128.0M | ||
YoY Change | 2460.0% | ||
Total Long-Term Assets | $7.964B | $7.999B | $8.207B |
YoY Change | -0.43% | -2.53% | -4.0% |
TOTAL ASSETS | |||
Total Short-Term Assets | $267.0M | $335.0M | $261.0M |
Total Long-Term Assets | $7.964B | $7.999B | $8.207B |
Total Assets | $8.231B | $8.334B | $8.468B |
YoY Change | -2.63% | -1.58% | -4.73% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $263.0M | $250.0M | $259.0M |
YoY Change | -1.5% | -3.47% | -13.38% |
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 | $373.0M | $359.0M | $366.0M |
YoY Change | -0.27% | -1.91% | -8.73% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $4.265B | $4.315B | $4.392B |
YoY Change | -3.96% | -1.75% | -4.52% |
Other Long-Term Liabilities | $114.0M | $123.0M | $126.0M |
YoY Change | -6.56% | -2.38% | -24.1% |
Total Long-Term Liabilities | $4.379B | $4.438B | $4.518B |
YoY Change | -4.03% | -1.77% | -5.2% |
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $373.0M | $359.0M | $366.0M |
Total Long-Term Liabilities | $4.379B | $4.438B | $4.518B |
Total Liabilities | $4.819B | $4.883B | $4.955B |
YoY Change | -4.15% | -1.45% | -5.68% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | |||
YoY Change | |||
Common Stock | $107.0K | $107.0K | $106.0K |
YoY Change | 0.94% | 0.94% | 0.95% |
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | $3.192B | $3.229B | $3.384B |
YoY Change | |||
Total Liabilities & Shareholders Equity | $8.231B | $8.334B | $8.468B |
YoY Change | -2.63% | -1.58% | -4.73% |
Cashflow Statement
Concept | 2017 Q4 | 2017 Q3 | 2016 Q3 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | $75.21M | $80.28M | $110.9M |
YoY Change | 57.66% | -27.64% | 410.2% |
Depreciation, Depletion And Amortization | $66.10M | $36.30M | $35.40M |
YoY Change | 3.77% | 2.54% | -0.84% |
Cash From Operating Activities | $134.7M | $138.2M | $116.8M |
YoY Change | -24.87% | 18.32% | 1.74% |
INVESTING ACTIVITIES | |||
Capital Expenditures | -$56.40M | -$19.00M | -$26.10M |
YoY Change | -65.08% | -27.2% | -74.61% |
Acquisitions | |||
YoY Change | |||
Other Investing Activities | $104.8M | $5.400M | $212.7M |
YoY Change | -230.35% | -97.46% | 35350.0% |
Cash From Investing Activities | $48.40M | -$13.60M | $186.6M |
YoY Change | -120.02% | -107.29% | -282.4% |
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | |||
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | -194.2M | -133.4M | -267.4M |
YoY Change | -1284.15% | -50.11% | 401.69% |
NET CHANGE | |||
Cash From Operating Activities | 134.7M | 138.2M | 116.8M |
Cash From Investing Activities | 48.40M | -13.60M | 186.6M |
Cash From Financing Activities | -194.2M | -133.4M | -267.4M |
Net Change In Cash | -11.10M | -8.800M | 36.00M |
YoY Change | -75.92% | -124.44% | -188.24% |
FREE CASH FLOW | |||
Cash From Operating Activities | $134.7M | $138.2M | $116.8M |
Capital Expenditures | -$56.40M | -$19.00M | -$26.10M |
Free Cash Flow | $191.1M | $157.2M | $142.9M |
YoY Change | -43.93% | 10.01% | -34.33% |
Facts In Submission
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DeferredOtherTaxExpenseBenefit
|
-1200000 | USD |
us-gaap |
Deferred Other Tax Expense Benefit
DeferredOtherTaxExpenseBenefit
|
-8200000 | USD | |
CY2016Q4 | us-gaap |
Deferred Tax Liabilities
DeferredTaxLiabilities
|
90825000 | USD |
CY2017Q3 | us-gaap |
Deferred Tax Liabilities
DeferredTaxLiabilities
|
86581000 | USD |
CY2016Q3 | us-gaap |
Depreciation
Depreciation
|
35400000 | USD |
us-gaap |
Depreciation
Depreciation
|
107300000 | USD | |
CY2017Q3 | us-gaap |
Depreciation
Depreciation
|
36300000 | USD |
us-gaap |
Depreciation
Depreciation
|
107500000 | USD | |
us-gaap |
Depreciation Amortization And Accretion Net
DepreciationAmortizationAndAccretionNet
|
216002000 | USD | |
us-gaap |
Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
|
22732000 | USD | |
CY2017Q3 | us-gaap |
Derivative Instruments Gain Loss Recognized In Other Comprehensive Income Effective Portion Net
DerivativeInstrumentsGainLossRecognizedInOtherComprehensiveIncomeEffectivePortionNet
|
-11088000 | USD |
us-gaap |
Derivative Instruments Gain Loss Recognized In Other Comprehensive Income Effective Portion Net
DerivativeInstrumentsGainLossRecognizedInOtherComprehensiveIncomeEffectivePortionNet
|
-37018000 | USD | |
CY2016Q3 | us-gaap |
Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet
|
898000 | USD |
us-gaap |
Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet
|
3573000 | USD | |
us-gaap |
Depreciation Amortization And Accretion Net
DepreciationAmortizationAndAccretionNet
|
195298000 | USD | |
CY2016Q3 | us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
62802000 | USD |
us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
213835000 | USD | |
CY2017Q3 | us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
64040000 | USD |
us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
189319000 | USD | |
CY2016Q4 | us-gaap |
Derivative Asset Collateral Obligation To Return Cash Offset
DerivativeAssetCollateralObligationToReturnCashOffset
|
0 | USD |
CY2017Q3 | us-gaap |
Derivative Asset Collateral Obligation To Return Cash Offset
DerivativeAssetCollateralObligationToReturnCashOffset
|
0 | USD |
CY2016Q4 | us-gaap |
Derivative Asset Fair Value Gross Liability
DerivativeAssetFairValueGrossLiability
|
2996000 | USD |
CY2017Q3 | us-gaap |
Derivative Asset Fair Value Gross Liability
DerivativeAssetFairValueGrossLiability
|
6294000 | USD |
CY2016Q4 | us-gaap |
Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
|
58418000 | USD |
CY2017Q3 | us-gaap |
Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
|
25289000 | USD |
CY2016Q3 | us-gaap |
Derivative Instruments Gain Loss Recognized In Other Comprehensive Income Effective Portion Net
DerivativeInstrumentsGainLossRecognizedInOtherComprehensiveIncomeEffectivePortionNet
|
-5329000 | USD |
us-gaap |
Derivative Instruments Gain Loss Recognized In Other Comprehensive Income Effective Portion Net
DerivativeInstrumentsGainLossRecognizedInOtherComprehensiveIncomeEffectivePortionNet
|
-9126000 | USD | |
CY2017Q3 | us-gaap |
Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet
|
18000 | USD |
us-gaap |
Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet
|
-558000 | USD | |
CY2016Q4 | us-gaap |
Derivative Net Liability Position Aggregate Fair Value
DerivativeNetLiabilityPositionAggregateFairValue
|
3300000 | USD |
CY2017Q3 | us-gaap |
Derivative Net Liability Position Aggregate Fair Value
DerivativeNetLiabilityPositionAggregateFairValue
|
6500000 | USD |
us-gaap |
Derivative Remaining Maturity1
DerivativeRemainingMaturity1
|
P77M | ||
CY2016Q4 | us-gaap |
Disposal Group Including Discontinued Operation Deferred Tax Liabilities
DisposalGroupIncludingDiscontinuedOperationDeferredTaxLiabilities
|
2500000 | USD |
CY2017Q1 | us-gaap |
Disposal Group Including Discontinued Operation Property Plant And Equipment Noncurrent
DisposalGroupIncludingDiscontinuedOperationPropertyPlantAndEquipmentNoncurrent
|
31300000 | USD |
CY2017Q3 | us-gaap |
Dividend Payable Date To Be Paid Day Month And Year
DividendPayableDateToBePaidDayMonthAndYear
|
2017-10-16 | |
us-gaap |
Dividends
Dividends
|
314339000 | USD | |
us-gaap |
Dividends
Dividends
|
324463000 | USD | |
CY2016Q4 | us-gaap |
Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
|
107090000 | USD |
CY2017Q3 | us-gaap |
Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
|
109187000 | USD |
CY2016Q4 | us-gaap |
Due From Affiliates
DueFromAffiliates
|
299610000 | USD |
CY2017Q3 | us-gaap |
Due From Affiliates
DueFromAffiliates
|
154336000 | USD |
us-gaap |
Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
|
860000 | USD | |
us-gaap |
Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
|
6834000 | USD | |
CY2017Q3 | us-gaap |
Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
|
21400000 | USD |
us-gaap |
Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
|
P1Y10M25D | ||
us-gaap |
Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
|
48303000 | USD | |
us-gaap |
Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
|
49365000 | USD | |
CY2016Q4 | us-gaap |
Equity Method Investments
EquityMethodInvestments
|
298893000 | USD |
CY2017Q3 | us-gaap |
Equity Method Investments
EquityMethodInvestments
|
327598000 | USD |
us-gaap |
Financing Receivable Credit Quality Additional Information
FinancingReceivableCreditQualityAdditionalInformation
|
We generally seek investments in facilities that we believe are critical to a tenant’s business and that we believe have a low risk of tenant default. | ||
us-gaap |
Financing Receivable Credit Quality Range Of Dates Ratings Updated
FinancingReceivableCreditQualityRangeOfDatesRatingsUpdated
|
The credit quality evaluation of our finance receivables was last updated in the third quarter of 2017. | ||
CY2016Q4 | us-gaap |
Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
|
539495000 | USD |
CY2017Q3 | us-gaap |
Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
|
662446000 | USD |
CY2017Q3 | us-gaap |
Foreign Currency Cash Flow Hedge Derivative At Fair Value Net
ForeignCurrencyCashFlowHedgeDerivativeAtFairValueNet
|
17001000 | USD |
CY2016Q3 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
15733000 | USD |
us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
58122000 | USD | |
us-gaap |
Gain Loss On Sale Of Properties
GainLossOnSaleOfProperties
|
22732000 | USD | |
CY2016Q3 | us-gaap |
Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
|
49126000 | USD |
us-gaap |
Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
|
68070000 | USD | |
CY2017Q3 | us-gaap |
Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
|
19257000 | USD |
us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
6294000 | USD | |
us-gaap |
Gain Loss On Sale Of Properties
GainLossOnSaleOfProperties
|
68070000 | USD | |
CY2017Q3 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
17236000 | USD |
us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
53189000 | USD | |
CY2016Q4 | us-gaap |
Goodwill
Goodwill
|
635920000 | USD |
CY2017Q3 | us-gaap |
Goodwill
Goodwill
|
643321000 | USD |
CY2016Q3 | us-gaap |
Impairment Of Real Estate
ImpairmentOfRealEstate
|
14441000 | USD |
us-gaap |
Impairment Of Real Estate
ImpairmentOfRealEstate
|
49870000 | USD | |
CY2017Q3 | us-gaap |
Impairment Of Real Estate
ImpairmentOfRealEstate
|
0 | USD |
us-gaap |
Impairment Of Real Estate
ImpairmentOfRealEstate
|
0 | USD | |
CY2016Q3 | us-gaap |
Income Loss Before Gain Or Loss On Sale Of Properties Extraordinary Items And Cumulative Effects Of Accounting Changes
IncomeLossBeforeGainOrLossOnSaleOfPropertiesExtraordinaryItemsAndCumulativeEffectsOfAccountingChanges
|
66330000 | USD |
us-gaap |
Income Loss Before Gain Or Loss On Sale Of Properties Extraordinary Items And Cumulative Effects Of Accounting Changes
IncomeLossBeforeGainOrLossOnSaleOfPropertiesExtraordinaryItemsAndCumulativeEffectsOfAccountingChanges
|
153729000 | USD | |
CY2017Q3 | us-gaap |
Income Loss Before Gain Or Loss On Sale Of Properties Extraordinary Items And Cumulative Effects Of Accounting Changes
IncomeLossBeforeGainOrLossOnSaleOfPropertiesExtraordinaryItemsAndCumulativeEffectsOfAccountingChanges
|
66157000 | USD |
us-gaap |
Income Loss Before Gain Or Loss On Sale Of Properties Extraordinary Items And Cumulative Effects Of Accounting Changes
IncomeLossBeforeGainOrLossOnSaleOfPropertiesExtraordinaryItemsAndCumulativeEffectsOfAccountingChanges
|
190781000 | USD | |
CY2016Q3 | us-gaap |
Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
|
110943000 | USD |
us-gaap |
Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
|
220043000 | USD | |
CY2017Q3 | us-gaap |
Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
|
80278000 | USD |
us-gaap |
Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
|
202080000 | USD | |
CY2016Q3 | us-gaap |
Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
|
63176000 | USD |
us-gaap |
Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
|
158267000 | USD | |
CY2017Q3 | us-gaap |
Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
|
64397000 | USD |
us-gaap |
Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
|
187878000 | USD | |
CY2016Q3 | us-gaap |
Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
|
1.03 | |
us-gaap |
Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
|
2.06 | ||
CY2017Q3 | us-gaap |
Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
|
0.74 | |
us-gaap |
Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
|
1.87 | ||
CY2016Q3 | us-gaap |
Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
|
1.03 | |
us-gaap |
Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
|
2.05 | ||
CY2017Q3 | us-gaap |
Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
|
0.74 | |
us-gaap |
Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
|
1.87 | ||
CY2016Q3 | us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
16803000 | USD |
us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
48243000 | USD | |
CY2017Q3 | us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
16318000 | USD |
us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
47820000 | USD | |
us-gaap |
Income Loss From Equity Method Investments Net Of Dividends Or Distributions
IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions
|
48243000 | USD | |
us-gaap |
Income Loss From Equity Method Investments Net Of Dividends Or Distributions
IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions
|
47820000 | USD | |
CY2016Q3 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
3154000 | USD |
us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
-4538000 | USD | |
CY2017Q3 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
1760000 | USD |
us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
2903000 | USD | |
us-gaap |
Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
|
15771000 | USD | |
us-gaap |
Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
|
4526000 | USD | |
us-gaap |
Increase Decrease In Restricted Cash
IncreaseDecreaseInRestrictedCash
|
-7775000 | USD | |
us-gaap |
Increase Decrease In Restricted Cash
IncreaseDecreaseInRestrictedCash
|
-9588000 | USD | |
CY2016Q4 | us-gaap |
Intangible Assets Net Including Goodwill
IntangibleAssetsNetIncludingGoodwill
|
1923589000 | USD |
CY2017Q3 | us-gaap |
Intangible Assets Net Including Goodwill
IntangibleAssetsNetIncludingGoodwill
|
1847409000 | USD |
CY2016Q3 | us-gaap |
Interest Expense
InterestExpense
|
44349000 | USD |
us-gaap |
Interest Expense
InterestExpense
|
139496000 | USD | |
CY2017Q3 | us-gaap |
Interest Expense
InterestExpense
|
41182000 | USD |
us-gaap |
Interest Expense
InterestExpense
|
125374000 | USD | |
CY2016Q3 | us-gaap |
Interest Income Related Party
InterestIncomeRelatedParty
|
130000 | USD |
us-gaap |
Interest Income Related Party
InterestIncomeRelatedParty
|
492000 | USD | |
CY2017Q3 | us-gaap |
Interest Income Related Party
InterestIncomeRelatedParty
|
447000 | USD |
us-gaap |
Interest Income Related Party
InterestIncomeRelatedParty
|
1464000 | USD | |
CY2017Q3 | us-gaap |
Interest Rate Derivatives At Fair Value Net
InterestRateDerivativesAtFairValueNet
|
-1557000 | USD |
CY2016Q4 | us-gaap |
Interest Receivable
InterestReceivable
|
100000 | USD |
CY2017Q3 | us-gaap |
Interest Receivable
InterestReceivable
|
900000 | USD |
CY2016Q3 | us-gaap |
Investment Advisory Management And Administrative Fees
InvestmentAdvisoryManagementAndAdministrativeFees
|
45176000 | USD |
us-gaap |
Investment Advisory Management And Administrative Fees
InvestmentAdvisoryManagementAndAdministrativeFees
|
128859000 | USD | |
CY2017Q3 | us-gaap |
Investment Advisory Management And Administrative Fees
InvestmentAdvisoryManagementAndAdministrativeFees
|
34170000 | USD |
us-gaap |
Investment Advisory Management And Administrative Fees
InvestmentAdvisoryManagementAndAdministrativeFees
|
131968000 | USD | |
CY2016Q4 | us-gaap |
Liabilities
Liabilities
|
5027849000 | USD |
CY2017Q3 | us-gaap |
Liabilities
Liabilities
|
4883497000 | USD |
CY2016Q4 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
8453954000 | USD |
CY2017Q3 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
8334411000 | USD |
CY2016Q4 | us-gaap |
Line Of Credit
LineOfCredit
|
676715000 | USD |
CY2017Q3 | us-gaap |
Line Of Credit
LineOfCredit
|
224213000 | USD |
CY2017Q3 | us-gaap |
Line Of Credit Facility Maximum Borrowing Capacity
LineOfCreditFacilityMaximumBorrowingCapacity
|
2350000000.00 | USD |
CY2016Q4 | us-gaap |
Loans And Leases Receivable Related Parties
LoansAndLeasesReceivableRelatedParties
|
237500000 | USD |
CY2017Q3 | us-gaap |
Loans And Leases Receivable Related Parties
LoansAndLeasesReceivableRelatedParties
|
131296000 | USD |
CY2016Q4 | us-gaap |
Long Term Debt
LongTermDebt
|
4440814000 | USD |
CY2017Q3 | us-gaap |
Long Term Debt
LongTermDebt
|
4314838000 | USD |
CY2017Q3 | us-gaap |
Long Term Debt Maturities Repayments Of Principal After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
|
3320040000 | USD |
CY2017Q3 | us-gaap |
Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
|
384004000 | USD |
CY2017Q3 | us-gaap |
Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
|
221547000 | USD |
CY2017Q3 | us-gaap |
Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
|
99384000 | USD |
CY2017Q3 | us-gaap |
Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
|
278163000 | USD |
CY2017Q3 | us-gaap |
Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year
LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear
|
40784000 | USD |
CY2016Q3 | us-gaap |
Management Fees Revenue
ManagementFeesRevenue
|
15978000 | USD |
us-gaap |
Management Fees Revenue
ManagementFeesRevenue
|
45596000 | USD | |
CY2017Q3 | us-gaap |
Management Fees Revenue
ManagementFeesRevenue
|
17938000 | USD |
us-gaap |
Management Fees Revenue
ManagementFeesRevenue
|
53271000 | USD | |
CY2016Q4 | us-gaap |
Minority Interest
MinorityInterest
|
123473000 | USD |
CY2017Q3 | us-gaap |
Minority Interest
MinorityInterest
|
221373000 | USD |
us-gaap |
Minority Interest Change In Redemption Value
MinorityInterestChangeInRedemptionValue
|
561000 | USD | |
us-gaap |
Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
|
13418000 | USD | |
us-gaap |
Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
|
16910000 | USD | |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-298096000 | USD | |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-549728000 | USD | |
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-27984000 | USD | |
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
175305000 | USD | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
377476000 | USD | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
381877000 | USD | |
CY2016Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
110943000 | USD |
us-gaap |
Net Income Loss
NetIncomeLoss
|
220043000 | USD | |
CY2017Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
80278000 | USD |
CY2017Q3 | us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
3376000 | USD |
us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
8530000 | USD | |
CY2016Q3 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
110557000 | USD |
us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
219277000 | USD | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
202080000 | USD | |
CY2016Q3 | us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
1359000 | USD |
us-gaap |
Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
|
-260000 | USD | |
CY2017Q3 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
80039000 | USD |
us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
201480000 | USD | |
us-gaap |
Noncontrolling Interest Decrease From Deconsolidation
NoncontrollingInterestDecreaseFromDeconsolidation
|
14184000 | USD | |
us-gaap |
Noncontrolling Interest Increase From Subsidiary Equity Issuance
NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance
|
14319000 | USD | |
us-gaap |
Noncontrolling Interest Increase From Subsidiary Equity Issuance
NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance
|
90487000 | USD | |
CY2016Q3 | us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
-22445000 | USD |
us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
-81855000 | USD | |
CY2017Q3 | us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
-29433000 | USD |
us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
-82523000 | USD | |
CY2016Q4 | us-gaap |
Notes Receivable Net
NotesReceivableNet
|
694410000 | USD |
CY2017Q3 | us-gaap |
Notes Receivable Net
NotesReceivableNet
|
727254000 | USD |
CY2016Q4 | us-gaap |
Notes Receivable Related Parties Current
NotesReceivableRelatedPartiesCurrent
|
237613000 | USD |
CY2017Q3 | us-gaap |
Notes Receivable Related Parties Current
NotesReceivableRelatedPartiesCurrent
|
132210000 | USD |
us-gaap |
Number Of Operating Segments
NumberOfOperatingSegments
|
2 | segment | |
CY2016Q3 | us-gaap |
Occupancy Net
OccupancyNet
|
10193000 | USD |
us-gaap |
Occupancy Net
OccupancyNet
|
38475000 | USD | |
CY2017Q3 | us-gaap |
Occupancy Net
OccupancyNet
|
10556000 | USD |
us-gaap |
Occupancy Net
OccupancyNet
|
31196000 | USD | |
CY2016Q3 | us-gaap |
Other Asset Impairment Charges
OtherAssetImpairmentCharges
|
14400000 | USD |
CY2016Q4 | us-gaap |
Other Assets
OtherAssets
|
282149000 | USD |
CY2017Q3 | us-gaap |
Other Assets
OtherAssets
|
287481000 | USD |
CY2016Q3 | us-gaap |
Other Comprehensive Income Derivatives Qualifying As Hedges Net Of Tax Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeDerivativesQualifyingAsHedgesNetOfTaxPortionAttributableToNoncontrollingInterest
|
-17000 | USD |
us-gaap |
Other Comprehensive Income Derivatives Qualifying As Hedges Net Of Tax Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeDerivativesQualifyingAsHedgesNetOfTaxPortionAttributableToNoncontrollingInterest
|
-17000 | USD | |
CY2017Q3 | us-gaap |
Other Comprehensive Income Derivatives Qualifying As Hedges Net Of Tax Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeDerivativesQualifyingAsHedgesNetOfTaxPortionAttributableToNoncontrollingInterest
|
-8000 | USD |
us-gaap |
Other Comprehensive Income Derivatives Qualifying As Hedges Net Of Tax Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeDerivativesQualifyingAsHedgesNetOfTaxPortionAttributableToNoncontrollingInterest
|
-13000 | USD | |
CY2016Q3 | us-gaap |
Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToNoncontrollingInterest
|
218000 | USD |
us-gaap |
Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToNoncontrollingInterest
|
1051000 | USD | |
CY2017Q3 | us-gaap |
Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToNoncontrollingInterest
|
4716000 | USD |
us-gaap |
Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToNoncontrollingInterest
|
13961000 | USD | |
CY2016Q3 | us-gaap |
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
-11824000 | USD |
us-gaap |
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
-41999000 | USD | |
CY2017Q3 | us-gaap |
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
28979000 | USD |
us-gaap |
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
71686000 | USD | |
us-gaap |
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Reclassification Adjustment From Aoci Realized Upon Sale Or Liquidation Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationReclassificationAdjustmentFromAOCIRealizedUponSaleOrLiquidationNetOfTax
|
3600000 | USD | |
CY2016Q3 | us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
-14924000 | USD |
us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
-48001000 | USD | |
CY2017Q3 | us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
18775000 | USD |
us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
38852000 | USD | |
CY2016Q3 | us-gaap |
Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
|
-3093000 | USD |
us-gaap |
Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
|
-5999000 | USD | |
CY2017Q3 | us-gaap |
Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
|
-10270000 | USD |
us-gaap |
Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
|
-32574000 | USD | |
CY2016Q3 | us-gaap |
Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
|
-7000 | USD |
us-gaap |
Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
|
-3000 | USD | |
CY2017Q3 | us-gaap |
Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
|
66000 | USD |
CY2016Q3 | us-gaap |
Other Cost And Expense Operating
OtherCostAndExpenseOperating
|
0 | USD |
us-gaap |
Other Cost And Expense Operating
OtherCostAndExpenseOperating
|
5359000 | USD | |
CY2017Q3 | us-gaap |
Other Cost And Expense Operating
OtherCostAndExpenseOperating
|
65000 | USD |
us-gaap |
Other Cost And Expense Operating
OtherCostAndExpenseOperating
|
1138000 | USD | |
CY2016Q3 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
5101000 | USD |
us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
9398000 | USD | |
CY2017Q3 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
-4569000 | USD |
us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
-4969000 | USD | |
CY2016Q3 | us-gaap |
Other Real Estate Revenue
OtherRealEstateRevenue
|
8524000 | USD |
us-gaap |
Other Real Estate Revenue
OtherRealEstateRevenue
|
23696000 | USD | |
CY2017Q3 | us-gaap |
Other Real Estate Revenue
OtherRealEstateRevenue
|
8449000 | USD |
us-gaap |
Other Real Estate Revenue
OtherRealEstateRevenue
|
23652000 | USD | |
us-gaap |
Other Restructuring Costs
OtherRestructuringCosts
|
900000 | USD | |
CY2016Q3 | us-gaap |
Other Sales Revenue Net
OtherSalesRevenueNet
|
1224000 | USD |
us-gaap |
Other Sales Revenue Net
OtherSalesRevenueNet
|
34603000 | USD | |
CY2017Q3 | us-gaap |
Other Sales Revenue Net
OtherSalesRevenueNet
|
1227000 | USD |
us-gaap |
Other Sales Revenue Net
OtherSalesRevenueNet
|
4234000 | USD | |
us-gaap |
Payments For Advance To Affiliate
PaymentsForAdvanceToAffiliate
|
20000000 | USD | |
us-gaap |
Payments For Advance To Affiliate
PaymentsForAdvanceToAffiliate
|
123492000 | USD | |
us-gaap |
Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
|
-2549000 | USD | |
us-gaap |
Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
|
-5728000 | USD | |
us-gaap |
Payments For Proceeds From Productive Assets
PaymentsForProceedsFromProductiveAssets
|
846000 | USD | |
us-gaap |
Payments For Proceeds From Productive Assets
PaymentsForProceedsFromProductiveAssets
|
349000 | USD | |
us-gaap |
Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
|
310509000 | USD | |
us-gaap |
Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
|
322389000 | USD | |
us-gaap |
Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
|
13418000 | USD | |
us-gaap |
Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
|
16910000 | USD | |
us-gaap |
Payments Of Financing Costs
PaymentsOfFinancingCosts
|
2949000 | USD | |
us-gaap |
Payments Of Financing Costs
PaymentsOfFinancingCosts
|
12672000 | USD | |
us-gaap |
Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
|
15943000 | USD | |
us-gaap |
Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
|
11423000 | USD | |
us-gaap |
Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
|
6000 | USD | |
us-gaap |
Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
|
1291000 | USD | |
us-gaap |
Payments To Acquire Interest In Subsidiaries And Affiliates
PaymentsToAcquireInterestInSubsidiariesAndAffiliates
|
14861000 | USD | |
us-gaap |
Payments To Acquire Interest In Subsidiaries And Affiliates
PaymentsToAcquireInterestInSubsidiariesAndAffiliates
|
0 | USD | |
us-gaap |
Payments To Acquire Real Estate
PaymentsToAcquireRealEstate
|
385835000 | USD | |
us-gaap |
Payments To Acquire Real Estate
PaymentsToAcquireRealEstate
|
6000000 | USD | |
us-gaap |
Payments To Develop Real Estate Assets
PaymentsToDevelopRealEstateAssets
|
7104000 | USD | |
us-gaap |
Payments To Develop Real Estate Assets
PaymentsToDevelopRealEstateAssets
|
10819000 | USD | |
CY2016Q4 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.001 | |
CY2017Q3 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.001 | |
CY2016Q4 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
50000000 | shares |
CY2017Q3 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
50000000 | shares |
CY2016Q4 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
0 | shares |
CY2017Q3 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
0 | shares |
CY2016Q4 | us-gaap |
Preferred Stock Value
PreferredStockValue
|
0 | USD |
CY2017Q3 | us-gaap |
Preferred Stock Value
PreferredStockValue
|
0 | USD |
CY2015Q4 | us-gaap |
Proceeds From Deposits On Real Estate Sales
ProceedsFromDepositsOnRealEstateSales
|
12700000 | USD |
us-gaap |
Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
|
3522000 | USD | |
us-gaap |
Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
|
6482000 | USD | |
us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
84093000 | USD | |
us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
22833000 | USD | |
us-gaap |
Proceeds From Issuance Of Secured Debt
ProceedsFromIssuanceOfSecuredDebt
|
33935000 | USD | |
us-gaap |
Proceeds From Issuance Of Secured Debt
ProceedsFromIssuanceOfSecuredDebt
|
969000 | USD | |
us-gaap |
Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
|
204000 | USD | |
us-gaap |
Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
|
149000 | USD | |
us-gaap |
Proceeds From Issuance Of Unsecured Debt
ProceedsFromIssuanceOfUnsecuredDebt
|
348887000 | USD | |
us-gaap |
Proceeds From Issuance Of Unsecured Debt
ProceedsFromIssuanceOfUnsecuredDebt
|
530456000 | USD | |
us-gaap |
Proceeds From Payments To Minority Shareholders
ProceedsFromPaymentsToMinorityShareholders
|
135000 | USD | |
us-gaap |
Proceeds From Payments To Minority Shareholders
ProceedsFromPaymentsToMinorityShareholders
|
90487000 | USD | |
us-gaap |
Proceeds From Repayments Of Restricted Cash Financing Activities
ProceedsFromRepaymentsOfRestrictedCashFinancingActivities
|
926000 | USD | |
us-gaap |
Proceeds From Repayments Of Restricted Cash Financing Activities
ProceedsFromRepaymentsOfRestrictedCashFinancingActivities
|
-2097000 | USD | |
us-gaap |
Proceeds From Sale Of Real Estate Heldforinvestment
ProceedsFromSaleOfRealEstateHeldforinvestment
|
392867000 | USD | |
us-gaap |
Proceeds From Sale Of Real Estate Heldforinvestment
ProceedsFromSaleOfRealEstateHeldforinvestment
|
102503000 | USD | |
us-gaap |
Proceeds From Unsecured Lines Of Credit
ProceedsFromUnsecuredLinesOfCredit
|
720568000 | USD | |
us-gaap |
Proceeds From Unsecured Lines Of Credit
ProceedsFromUnsecuredLinesOfCredit
|
1189591000 | USD | |
CY2016Q3 | us-gaap |
Profit Loss
ProfitLoss
|
112302000 | USD |
us-gaap |
Profit Loss
ProfitLoss
|
226337000 | USD | |
CY2017Q3 | us-gaap |
Profit Loss
ProfitLoss
|
83654000 | USD |
us-gaap |
Profit Loss
ProfitLoss
|
210610000 | USD | |
us-gaap |
Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
|
7064000 | USD | |
us-gaap |
Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
|
0 | USD | |
CY2016Q4 | us-gaap |
Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
|
1018864000 | USD |
CY2017Q3 | us-gaap |
Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
|
1249024000 | USD |
CY2016Q4 | us-gaap |
Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
|
7800764000 | USD |
CY2017Q3 | us-gaap |
Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
|
8000929000 | USD |
CY2016Q4 | us-gaap |
Real Estate Investments
RealEstateInvestments
|
6781900000 | USD |
CY2017Q3 | us-gaap |
Real Estate Investments
RealEstateInvestments
|
6751905000 | USD |
CY2016Q3 | us-gaap |
Real Estate Revenue Net
RealEstateRevenueNet
|
163786000 | USD |
us-gaap |
Real Estate Revenue Net
RealEstateRevenueNet
|
506358000 | USD | |
CY2017Q3 | us-gaap |
Real Estate Revenue Net
RealEstateRevenueNet
|
161511000 | USD |
us-gaap |
Real Estate Revenue Net
RealEstateRevenueNet
|
475547000 | USD | |
CY2016Q4 | us-gaap |
Redeemable Noncontrolling Interest Equity Carrying Amount
RedeemableNoncontrollingInterestEquityCarryingAmount
|
965000 | USD |
CY2017Q3 | us-gaap |
Redeemable Noncontrolling Interest Equity Carrying Amount
RedeemableNoncontrollingInterestEquityCarryingAmount
|
965000 | USD |
CY2016Q3 | us-gaap |
Reimbursement Revenue
ReimbursementRevenue
|
6537000 | USD |
us-gaap |
Reimbursement Revenue
ReimbursementRevenue
|
19237000 | USD | |
CY2017Q3 | us-gaap |
Reimbursement Revenue
ReimbursementRevenue
|
5397000 | USD |
us-gaap |
Reimbursement Revenue
ReimbursementRevenue
|
15940000 | USD | |
us-gaap |
Repayment Of Notes Receivable From Related Parties
RepaymentOfNotesReceivableFromRelatedParties
|
37053000 | USD | |
us-gaap |
Repayment Of Notes Receivable From Related Parties
RepaymentOfNotesReceivableFromRelatedParties
|
229696000 | USD | |
us-gaap |
Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
|
837575000 | USD | |
us-gaap |
Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
|
1557814000 | USD | |
us-gaap |
Repayments Of Secured Debt
RepaymentsOfSecuredDebt
|
113420000 | USD | |
us-gaap |
Repayments Of Secured Debt
RepaymentsOfSecuredDebt
|
303538000 | USD | |
CY2016Q3 | us-gaap |
Restructuring Charges
RestructuringCharges
|
0 | USD |
us-gaap |
Restructuring Charges
RestructuringCharges
|
11925000 | USD | |
CY2017Q3 | us-gaap |
Restructuring Charges
RestructuringCharges
|
1356000 | USD |
us-gaap |
Restructuring Charges
RestructuringCharges
|
9074000 | USD | |
CY2017Q3 | us-gaap |
Restructuring Reserve
RestructuringReserve
|
4800000 | USD |
CY2016Q3 | us-gaap |
Revenue From Related Parties
RevenueFromRelatedParties
|
56159000 | USD |
us-gaap |
Revenue From Related Parties
RevenueFromRelatedParties
|
161308000 | USD | |
CY2017Q3 | us-gaap |
Revenue From Related Parties
RevenueFromRelatedParties
|
46664000 | USD |
us-gaap |
Revenue From Related Parties
RevenueFromRelatedParties
|
168000000 | USD | |
CY2016Q3 | us-gaap |
Revenues
Revenues
|
225247000 | USD |
us-gaap |
Revenues
Revenues
|
712753000 | USD | |
CY2017Q3 | us-gaap |
Revenues
Revenues
|
210754000 | USD |
us-gaap |
Revenues
Revenues
|
651341000 | USD | |
CY2016Q4 | us-gaap |
Secured Debt
SecuredDebt
|
1706921000 | USD |
CY2017Q3 | us-gaap |
Secured Debt
SecuredDebt
|
1253051000 | USD |
CY2016Q4 | us-gaap |
Senior Notes
SeniorNotes
|
1807200000 | USD |
CY2017Q3 | us-gaap |
Senior Notes
SeniorNotes
|
2455383000 | USD |
us-gaap |
Severance Costs1
SeveranceCosts1
|
8200000 | USD | |
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Total Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodTotalFairValue
|
20500000 | USD | |
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
|
0 | ||
CY2017Q3 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
|
10324 | shares |
CY2017Q3 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
|
100000 | USD |
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
|
4000000 | USD | |
CY2017Q3 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
|
10324 | shares |
CY2017Q3 | us-gaap |
Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
|
2475 | shares |
us-gaap |
Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
|
134709 | shares | |
us-gaap |
Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
|
14505000 | USD | |
us-gaap |
Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
|
9678000 | USD | |
us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
83786000 | USD | |
us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
22857000 | USD | |
us-gaap |
Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
|
1491000 | USD | |
us-gaap |
Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
|
-1595000 | USD | |
CY2016Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
3301667000 | USD |
CY2017Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
3228576000 | USD |
CY2015Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
3561428000 | USD |
CY2016Q3 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
3512081000 | USD |
CY2016Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
3425140000 | USD |
CY2017Q3 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
3449949000 | USD |
us-gaap |
Straight Line Rent Adjustments
StraightLineRentAdjustments
|
-12138000 | USD | |
us-gaap |
Straight Line Rent Adjustments
StraightLineRentAdjustments
|
-13511000 | USD | |
CY2016Q4 | us-gaap |
Treasury Stock Deferred Employee Stock Ownership Plan
TreasuryStockDeferredEmployeeStockOwnershipPlan
|
50222000 | USD |
CY2017Q3 | us-gaap |
Treasury Stock Deferred Employee Stock Ownership Plan
TreasuryStockDeferredEmployeeStockOwnershipPlan
|
46711000 | USD |
CY2016Q3 | us-gaap |
Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
|
386000 | USD |
us-gaap |
Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
|
766000 | USD | |
CY2017Q3 | us-gaap |
Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
|
239000 | USD |
us-gaap |
Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
|
600000 | USD | |
CY2016Q4 | us-gaap |
Unsecured Debt
UnsecuredDebt
|
249978000 | USD |
CY2017Q3 | us-gaap |
Unsecured Debt
UnsecuredDebt
|
382191000 | USD |
CY2016Q4 | us-gaap |
Variable Interest Entity Entity Maximum Loss Exposure Amount
VariableInterestEntityEntityMaximumLossExposureAmount
|
152900000 | USD |
CY2017Q3 | us-gaap |
Variable Interest Entity Entity Maximum Loss Exposure Amount
VariableInterestEntityEntityMaximumLossExposureAmount
|
152800000 | USD |
CY2016Q3 | us-gaap |
Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
|
246361 | shares |
us-gaap |
Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
|
360029 | shares | |
CY2017Q3 | us-gaap |
Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
|
124402 | shares |
us-gaap |
Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
|
195818 | shares | |
CY2016Q3 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
107468029 | shares |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
106853174 | shares | |
CY2017Q3 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
108143694 | shares |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
107947490 | shares | |
CY2016Q3 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
107221668 | shares |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
106493145 | shares | |
CY2017Q3 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
108019292 | shares |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
107751672 | shares | |
wpc |
Accrued Noncash Investing Activities
AccruedNoncashInvestingActivities
|
6800000 | USD | |
CY2015Q4 | wpc |
Additional Lease Term
AdditionalLeaseTerm
|
P15Y | |
CY2016Q3 | wpc |
Advisory Expense
AdvisoryExpense
|
4842000 | USD |
wpc |
Advisory Expense
AdvisoryExpense
|
10010000 | USD | |
CY2017Q3 | wpc |
Advisory Expense
AdvisoryExpense
|
5206000 | USD |
wpc |
Advisory Expense
AdvisoryExpense
|
11598000 | USD | |
CY2016Q3 | wpc |
Affiliates Reimbursement Revenue
AffiliatesReimbursementRevenue
|
14540000 | USD |
wpc |
Affiliates Reimbursement Revenue
AffiliatesReimbursementRevenue
|
46372000 | USD | |
CY2017Q3 | wpc |
Affiliates Reimbursement Revenue
AffiliatesReimbursementRevenue
|
6211000 | USD |
wpc |
Affiliates Reimbursement Revenue
AffiliatesReimbursementRevenue
|
45390000 | USD | |
CY2017Q3 | wpc |
Aggregate Distributions Declared
AggregateDistributionsDeclared
|
107400000 | USD |
wpc |
Aggregate Distributions Declared
AggregateDistributionsDeclared
|
320300000 | USD | |
CY2016Q3 | wpc |
Allocated Stock Based Compensation Expense Excluding Restructuring Expense
AllocatedStockBasedCompensationExpenseExcludingRestructuringExpense
|
4356000 | USD |
wpc |
Allocated Stock Based Compensation Expense Excluding Restructuring Expense
AllocatedStockBasedCompensationExpenseExcludingRestructuringExpense
|
14964000 | USD | |
CY2017Q3 | wpc |
Allocated Stock Based Compensation Expense Excluding Restructuring Expense
AllocatedStockBasedCompensationExpenseExcludingRestructuringExpense
|
4635000 | USD |
wpc |
Allocated Stock Based Compensation Expense Excluding Restructuring Expense
AllocatedStockBasedCompensationExpenseExcludingRestructuringExpense
|
14649000 | USD | |
wpc |
Amortization Of Rent Related Intangiblesand Deferred Rental Revenue
AmortizationOfRentRelatedIntangiblesandDeferredRentalRevenue
|
-8796000 | USD | |
wpc |
Amortization Of Rent Related Intangiblesand Deferred Rental Revenue
AmortizationOfRentRelatedIntangiblesandDeferredRentalRevenue
|
37210000 | USD | |
CY2016Q4 | wpc |
Asset Management Fees Receivable
AssetManagementFeesReceivable
|
2449000 | USD |
CY2017Q3 | wpc |
Asset Management Fees Receivable
AssetManagementFeesReceivable
|
539000 | USD |
CY2016 | wpc |
Construction In Progress Placed Into Service
ConstructionInProgressPlacedIntoService
|
35500000 | USD |
wpc |
Construction In Progress Placed Into Service
ConstructionInProgressPlacedIntoService
|
59000000 | USD | |
CY2015 | wpc |
Contract Termination Income
ContractTerminationIncome
|
15000000 | USD |
wpc |
Contract Termination Income
ContractTerminationIncome
|
32200000 | USD | |
CY2016Q4 | wpc |
Current Acquisition Fees Receivable
CurrentAcquisitionFeesReceivable
|
8024000 | USD |
CY2017Q3 | wpc |
Current Acquisition Fees Receivable
CurrentAcquisitionFeesReceivable
|
1508000 | USD |
CY2016Q3 | wpc |
Dealer Manager Feesand Expenses
DealerManagerFeesandExpenses
|
3028000 | USD |
wpc |
Dealer Manager Feesand Expenses
DealerManagerFeesandExpenses
|
9000000 | USD | |
CY2017Q3 | wpc |
Dealer Manager Feesand Expenses
DealerManagerFeesandExpenses
|
462000 | USD |
wpc |
Dealer Manager Feesand Expenses
DealerManagerFeesandExpenses
|
6544000 | USD | |
wpc |
Deconsolidationof Affiliates Cash Transferredto Entity
DeconsolidationofAffiliatesCashTransferredtoEntity
|
15408000 | USD | |
wpc |
Deconsolidationof Affiliates Cash Transferredto Entity
DeconsolidationofAffiliatesCashTransferredtoEntity
|
0 | USD | |
wpc |
Deferred Acquisition Revenue Received
DeferredAcquisitionRevenueReceived
|
18161000 | USD | |
wpc |
Deferred Acquisition Revenue Received
DeferredAcquisitionRevenueReceived
|
15256000 | USD | |
CY2016Q4 | wpc |
Deferredacquisitionfeesreceivable
Deferredacquisitionfeesreceivable
|
21967000 | USD |
CY2017Q3 | wpc |
Deferredacquisitionfeesreceivable
Deferredacquisitionfeesreceivable
|
10720000 | USD |
CY2017Q1 | wpc |
Disposal Group Including Discontinued Operation Gain Lossonthe Saleof Real Estate
DisposalGroupIncludingDiscontinuedOperationGainLossontheSaleofRealEstate
|
-100000 | USD |
CY2017Q1 | wpc |
Disposal Group Including Discontinued Operation Non Current Debt
DisposalGroupIncludingDiscontinuedOperationNonCurrentDebt
|
28100000 | USD |
CY2017Q1 | wpc |
Disposal Group Including Discontinued Operation Restricted Cashand Cash Equivalents
DisposalGroupIncludingDiscontinuedOperationRestrictedCashandCashEquivalents
|
3800000 | USD |
CY2016Q4 | wpc |
Distributionand Shareholder Servicing Fee Receivable
DistributionandShareholderServicingFeeReceivable
|
19341000 | USD |
CY2017Q3 | wpc |
Distributionand Shareholder Servicing Fee Receivable
DistributionandShareholderServicingFeeReceivable
|
0 | USD |
CY2016Q3 | wpc |
Distributionof Available Cash From Managed Reits
DistributionofAvailableCashFromManagedReits
|
10876000 | USD |
wpc |
Distributionof Available Cash From Managed Reits
DistributionofAvailableCashFromManagedReits
|
32018000 | USD | |
CY2017Q3 | wpc |
Distributionof Available Cash From Managed Reits
DistributionofAvailableCashFromManagedReits
|
12047000 | USD |
wpc |
Distributionof Available Cash From Managed Reits
DistributionofAvailableCashFromManagedReits
|
34568000 | USD | |
CY2015 | wpc |
Effective Income Tax Rate Reconciliation Sharebased Compensation Excess Tax Benefit Amount
EffectiveIncomeTaxRateReconciliationSharebasedCompensationExcessTaxBenefitAmount
|
12500000 | USD |
CY2016 | wpc |
Effective Income Tax Rate Reconciliation Sharebased Compensation Excess Tax Benefit Amount
EffectiveIncomeTaxRateReconciliationSharebasedCompensationExcessTaxBenefitAmount
|
6700000 | USD |
CY2017Q3 | wpc |
Effective Income Tax Rate Reconciliation Sharebased Compensation Excess Tax Benefit Amount
EffectiveIncomeTaxRateReconciliationSharebasedCompensationExcessTaxBenefitAmount
|
600000 | USD |
wpc |
Effective Income Tax Rate Reconciliation Sharebased Compensation Excess Tax Benefit Amount
EffectiveIncomeTaxRateReconciliationSharebasedCompensationExcessTaxBenefitAmount
|
3600000 | USD | |
CY2016Q4 | wpc |
Finite Lived Intangible Asset Acquired In Place Leases Net
FiniteLivedIntangibleAssetAcquiredInPlaceLeasesNet
|
1172238000 | USD |
CY2017Q3 | wpc |
Finite Lived Intangible Asset Acquired In Place Leases Net
FiniteLivedIntangibleAssetAcquiredInPlaceLeasesNet
|
1204770000 | USD |
CY2016Q4 | wpc |
Finite Lived Intangible Asset Off Market Lease Favorable Net
FiniteLivedIntangibleAssetOffMarketLeaseFavorableNet
|
632383000 | USD |
CY2017Q3 | wpc |
Finite Lived Intangible Asset Off Market Lease Favorable Net
FiniteLivedIntangibleAssetOffMarketLeaseFavorableNet
|
639140000 | USD |
CY2016Q4 | wpc |
Finite Lived Intangible Liabilities Accumulated Amortization
FiniteLivedIntangibleLiabilitiesAccumulatedAmortization
|
40593000 | USD |
CY2017Q3 | wpc |
Finite Lived Intangible Liabilities Accumulated Amortization
FiniteLivedIntangibleLiabilitiesAccumulatedAmortization
|
49256000 | USD |
CY2016Q4 | wpc |
Finite Lived Intangible Liabilities Gross
FiniteLivedIntangibleLiabilitiesGross
|
146085000 | USD |
CY2017Q3 | wpc |
Finite Lived Intangible Liabilities Gross
FiniteLivedIntangibleLiabilitiesGross
|
149525000 | USD |
CY2016Q4 | wpc |
Finite Lived Intangible Liabilities Net
FiniteLivedIntangibleLiabilitiesNet
|
105492000 | USD |
CY2017Q3 | wpc |
Finite Lived Intangible Liabilities Net
FiniteLivedIntangibleLiabilitiesNet
|
100269000 | USD |
wpc |
Funds Capitalized For Construction In Progress
FundsCapitalizedForConstructionInProgress
|
43500000 | USD | |
CY2016Q3 | wpc |
Incentive Termination And Subordinated Disposition Revenue
IncentiveTerminationAndSubordinatedDispositionRevenue
|
522000 | USD |
wpc |
Incentive Termination And Subordinated Disposition Revenue
IncentiveTerminationAndSubordinatedDispositionRevenue
|
522000 | USD | |
CY2017Q3 | wpc |
Incentive Termination And Subordinated Disposition Revenue
IncentiveTerminationAndSubordinatedDispositionRevenue
|
99000 | USD |
wpc |
Incentive Termination And Subordinated Disposition Revenue
IncentiveTerminationAndSubordinatedDispositionRevenue
|
896000 | USD | |
wpc |
Increase Decrease In Structuring Revenue Receivable
IncreaseDecreaseInStructuringRevenueReceivable
|
5310000 | USD | |
wpc |
Increase Decrease In Structuring Revenue Receivable
IncreaseDecreaseInStructuringRevenueReceivable
|
3697000 | USD | |
wpc |
Increase Decreasein Direct Financing Lease
IncreaseDecreaseinDirectFinancingLease
|
-1700000 | USD | |
CY2016Q4 | wpc |
Indefinite Lived Intangible Asset
IndefiniteLivedIntangibleAsset
|
636786000 | USD |
CY2017Q3 | wpc |
Indefinite Lived Intangible Asset
IndefiniteLivedIntangibleAsset
|
644291000 | USD |
CY2016Q4 | wpc |
Intangible Assets Gross Including Goodwill
IntangibleAssetsGrossIncludingGoodwill
|
2463084000 | USD |
CY2017Q3 | wpc |
Intangible Assets Gross Including Goodwill
IntangibleAssetsGrossIncludingGoodwill
|
2509855000 | USD |
CY2016Q4 | wpc |
Intangible Liabilities Gross
IntangibleLiabilitiesGross
|
162796000 | USD |
CY2017Q3 | wpc |
Intangible Liabilities Gross
IntangibleLiabilitiesGross
|
166236000 | USD |
CY2016Q4 | wpc |
Intangible Liabilities Net
IntangibleLiabilitiesNet
|
122203000 | USD |
CY2017Q3 | wpc |
Intangible Liabilities Net
IntangibleLiabilitiesNet
|
116980000 | USD |
CY2016Q4 | wpc |
Land Investment Buildingand Building Improvements
LandInvestmentBuildingandBuildingImprovements
|
5285837000 | USD |
CY2017Q3 | wpc |
Land Investment Buildingand Building Improvements
LandInvestmentBuildingandBuildingImprovements
|
5429239000 | USD |
CY2016Q1 | wpc |
Lease Termination Fee
LeaseTerminationFee
|
22200000 | USD |
CY2017Q3 | wpc |
Long Term Debt Before Unamortized Discount
LongTermDebtBeforeUnamortizedDiscount
|
4343922000 | USD |
wpc |
Management Income Received In Shares Of Affiliates
ManagementIncomeReceivedInSharesOfAffiliates
|
22088000 | USD | |
wpc |
Management Income Received In Shares Of Affiliates
ManagementIncomeReceivedInSharesOfAffiliates
|
53170000 | USD | |
wpc |
Net Income Loss Including Portion Attributable To Redeemable Noncontrolling Interest
NetIncomeLossIncludingPortionAttributableToRedeemableNoncontrollingInterest
|
226337000 | USD | |
wpc |
Net Income Loss Including Portion Attributable To Redeemable Noncontrolling Interest
NetIncomeLossIncludingPortionAttributableToRedeemableNoncontrollingInterest
|
210610000 | USD | |
CY2016 | wpc |
Number Of Construction Projects During Period
NumberOfConstructionProjectsDuringPeriod
|
3 | property |
wpc |
Number Of Construction Projects During Period
NumberOfConstructionProjectsDuringPeriod
|
5 | property | |
CY2016Q4 | wpc |
Organization And Offering Costs Receivable
OrganizationAndOfferingCostsReceivable
|
784000 | USD |
CY2017Q3 | wpc |
Organization And Offering Costs Receivable
OrganizationAndOfferingCostsReceivable
|
58000 | USD |
wpc |
Other Comprehensive Income Loss Unrealized Gain Loss On Derivatives Arising During Period Including Portion Attributable To Noncontrolling Interest And Redeemable Noncontrolling Interest Net Of Tax
OtherComprehensiveIncomeLossUnrealizedGainLossOnDerivativesArisingDuringPeriodIncludingPortionAttributableToNoncontrollingInterestAndRedeemableNoncontrollingInterestNetOfTax
|
-5999000 | USD | |
wpc |
Other Comprehensive Income Loss Unrealized Gain Loss On Derivatives Arising During Period Including Portion Attributable To Noncontrolling Interest And Redeemable Noncontrolling Interest Net Of Tax
OtherComprehensiveIncomeLossUnrealizedGainLossOnDerivativesArisingDuringPeriodIncludingPortionAttributableToNoncontrollingInterestAndRedeemableNoncontrollingInterestNetOfTax
|
-32574000 | USD | |
wpc |
Other Comprehensive Income Loss Unrealized Gain Loss On Derivatives Arising During Period Including Portion Attributable To Noncontrolling Interest Redeemable Noncontrolling Interest Net Of Tax
OtherComprehensiveIncomeLossUnrealizedGainLossOnDerivativesArisingDuringPeriodIncludingPortionAttributableToNoncontrollingInterestRedeemableNoncontrollingInterestNetOfTax
|
-41999000 | USD | |
wpc |
Other Comprehensive Income Loss Unrealized Gain Loss On Derivatives Arising During Period Including Portion Attributable To Noncontrolling Interest Redeemable Noncontrolling Interest Net Of Tax
OtherComprehensiveIncomeLossUnrealizedGainLossOnDerivativesArisingDuringPeriodIncludingPortionAttributableToNoncontrollingInterestRedeemableNoncontrollingInterestNetOfTax
|
71686000 | USD | |
wpc |
Other Comprehensive Income Lossunrealizedholding Gain Loss On Securities Arising During Period Including Portion Attributable To Redeemable Noncontrolling Interest Net Of Tax
OtherComprehensiveIncomeLossunrealizedholdingGainLossOnSecuritiesArisingDuringPeriodIncludingPortionAttributableToRedeemableNoncontrollingInterestNetOfTax
|
-3000 | USD | |
wpc |
Other Comprehensive Income Lossunrealizedholding Gain Loss On Securities Arising During Period Including Portion Attributable To Redeemable Noncontrolling Interest Net Of Tax
OtherComprehensiveIncomeLossunrealizedholdingGainLossOnSecuritiesArisingDuringPeriodIncludingPortionAttributableToRedeemableNoncontrollingInterestNetOfTax
|
-260000 | USD | |
wpc |
Payments To Acquire Real Estate Under Construction
PaymentsToAcquireRealEstateUnderConstruction
|
41874000 | USD | |
wpc |
Payments To Acquire Real Estate Under Construction
PaymentsToAcquireRealEstateUnderConstruction
|
36741000 | USD | |
wpc |
Percentage Of Available Cash Distribution To Advisor
PercentageOfAvailableCashDistributionToAdvisor
|
0.1 | ||
wpc |
Prepayment Of Mortgage Principal
PrepaymentOfMortgagePrincipal
|
193030000 | USD | |
wpc |
Prepayment Of Mortgage Principal
PrepaymentOfMortgagePrincipal
|
157370000 | USD | |
wpc |
Proceeds From Shares Issuedby Affiliates
ProceedsFromSharesIssuedbyAffiliates
|
14184000 | USD | |
wpc |
Proceeds From Shares Issuedby Affiliates
ProceedsFromSharesIssuedbyAffiliates
|
0 | USD | |
CY2016Q3 | wpc |
Real Estate Revenueand Other
RealEstateRevenueandOther
|
180071000 | USD |
wpc |
Real Estate Revenueand Other
RealEstateRevenueandOther
|
583894000 | USD | |
CY2017Q3 | wpc |
Real Estate Revenueand Other
RealEstateRevenueandOther
|
176584000 | USD |
wpc |
Real Estate Revenueand Other
RealEstateRevenueandOther
|
519373000 | USD | |
wpc |
Realized Gain Loss On Foreign Currency Transactions And Other
RealizedGainLossOnForeignCurrencyTransactionsAndOther
|
6921000 | USD | |
wpc |
Realized Gain Loss On Foreign Currency Transactions And Other
RealizedGainLossOnForeignCurrencyTransactionsAndOther
|
-13112000 | USD | |
CY2016Q3 | wpc |
Related Party Reimbursement Revenue
RelatedPartyReimbursementRevenue
|
14540000 | USD |
wpc |
Related Party Reimbursement Revenue
RelatedPartyReimbursementRevenue
|
46372000 | USD | |
CY2017Q3 | wpc |
Related Party Reimbursement Revenue
RelatedPartyReimbursementRevenue
|
6211000 | USD |
wpc |
Related Party Reimbursement Revenue
RelatedPartyReimbursementRevenue
|
45390000 | USD | |
CY2016Q4 | wpc |
Related Party Reimbursement Revenue Receivable
RelatedPartyReimbursementRevenueReceivable
|
4427000 | USD |
CY2017Q3 | wpc |
Related Party Reimbursement Revenue Receivable
RelatedPartyReimbursementRevenueReceivable
|
3943000 | USD |
CY2017Q3 | wpc |
Required Distributionof Organizationand Offering Cost Receivedby Subadvisor
RequiredDistributionofOrganizationandOfferingCostReceivedbySubadvisor
|
0.5 | |
wpc |
Shares Issuedto Third Partyin Connectionwiththe Redemptionof Redeemable Noncontrolling Interest
SharesIssuedtoThirdPartyinConnectionwiththeRedemptionofRedeemableNoncontrollingInterest
|
13418000 | USD | |
CY2016Q3 | wpc |
Structuring Revenue
StructuringRevenue
|
12301000 | USD |
wpc |
Structuring Revenue
StructuringRevenue
|
30990000 | USD | |
CY2017Q3 | wpc |
Structuring Revenue
StructuringRevenue
|
9817000 | USD |
wpc |
Structuring Revenue
StructuringRevenue
|
27981000 | USD | |
CY2016Q4 | wpc |
Unfunded Commitment
UnfundedCommitment
|
135200000 | USD |
CY2017Q3 | wpc |
Unfunded Commitment
UnfundedCommitment
|
109600000 | USD |
CY2017Q3 | wpc |
Variable Interest Entities Consolidated Count
VariableInterestEntitiesConsolidatedCount
|
21 | vie |
CY2017Q3 | wpc |
Variable Interest Entities Count
VariableInterestEntitiesCount
|
28 | vie |
CY2016Q4 | wpc |
Variable Interest Entities Unconsolidated Count
VariableInterestEntitiesUnconsolidatedCount
|
7 | vie |
CY2017Q3 | wpc |
Variable Interest Entities Unconsolidated Count
VariableInterestEntitiesUnconsolidatedCount
|
7 | vie |
CY2016Q3 | wpc |
Wholesaling Revenue
WholesalingRevenue
|
1835000 | USD |
wpc |
Wholesaling Revenue
WholesalingRevenue
|
5379000 | USD | |
CY2017Q3 | wpc |
Wholesaling Revenue
WholesalingRevenue
|
105000 | USD |
wpc |
Wholesaling Revenue
WholesalingRevenue
|
4430000 | USD | |
us-gaap |
Description Of New Accounting Pronouncements Not Yet Adopted
DescriptionOfNewAccountingPronouncementsNotYetAdopted
|
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Recent Accounting Pronouncements</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In May 2014, the Financial Accounting Standards Board, or 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 primarily apply to revenues generated from our operating properties and our Investment Management business. We will adopt this guidance for our interim and annual 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 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. In addition, it also requires lessors to record gross revenues and expenses associated with activities that do not transfer services to the lessee (such as real estate taxes and insurance). Additionally, the new standard requires extensive quantitative and qualitative disclosures. Early application will be permitted for all entities. The new standard must be adopted using a modified retrospective transition of the new guidance and provides for certain practical expedients. Transition will require application of the new model at the beginning of the earliest comparative period presented. We will adopt this guidance for our interim and annual periods beginning January 1, 2019. 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 2016-09, Improvements to Employee Share-Based Payment Accounting. </font><font style="font-family:inherit;font-size:10pt;">ASU 2016-09 amends Accounting Standards Codification, or ASC, Topic 718, Compensation-Stock Based Compensation to simplify various aspects of how share-based payments are accounted for and presented in the financial statements including (i) reflecting income tax effects of share-based payments through the income statement, (ii) allowing statutory tax withholding requirements at the employees’ maximum individual tax rate without requiring awards to be classified as liabilities, and (iii) permitting an entity to make an accounting policy election for the impact of forfeitures on the recognition of expense. ASU 2016-09 is effective for public business entities for annual reporting periods beginning after December 15, 2016, and interim periods within that reporting period, with early adoption permitted.</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 was 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 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 restricted share awards, or RSAs, restricted share units, or RSUs, and performance share units, or 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. Under the former accounting guidance, windfall tax benefits related to stock-based compensation were recognized within Additional paid-in capital in our consolidated financial statements. Under ASU 2016-09, these amounts are reflected as a reduction to Provision for income taxes. For reference, windfall tax benefits related to stock-based compensation recorded in Additional paid-in capital for the years ended December 31, 2016 and 2015 were </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;">, respectively. Windfall tax benefits related to stock-based compensation recorded as a deferred tax benefit for the three and </font><font style="font-family:inherit;font-size:10pt;">nine months ended September 30, 2017</font><font style="font-family:inherit;font-size:10pt;"> were </font><font style="font-family:inherit;font-size:10pt;">$0.6 million</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">$3.6 million</font><font style="font-family:inherit;font-size:10pt;">, respectively.</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In June 2016, the FASB issued </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">ASU 2016-13, Financial Instruments — Credit Losses. </font><font style="font-family:inherit;font-size:10pt;">ASU 2016-13 introduces a new model for estimating credit losses 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’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 and will retrospectively adopt the standard for the fiscal year beginning January 1, 2018.</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In October 2016, the FASB issued </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">ASU 2016-17, Consolidation (Topic 810): Interests Held through Related Parties That Are under Common Control.</font><font style="font-family:inherit;font-size:10pt;"> ASU 2016-17 changes how a reporting entity that is a decision maker should consider indirect interests in a VIE held through an entity under common control. If a decision maker must evaluate whether it is the primary beneficiary of a VIE, it will only need to consider its proportionate indirect interest in the VIE held through a common control party. ASU 2016-17 amends ASU 2015-02, which we adopted on January 1, 2016, and which currently directs the decision maker to treat the common control party’s interest in the VIE as if the decision maker held the interest itself. ASU 2016-17 is effective for public business entities in fiscal years beginning after December 15, 2016, including interim periods within those fiscal years. We adopted ASU 2016-17 as of January 1, 2017 on a prospective basis. The adoption of this standard did not have a material impact on our consolidated financial statements.</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;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 and will retrospectively adopt the standard for the fiscal year beginning January 1, 2018.</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 (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 “set,” that is a business usually has outputs, outputs are not required to be present. 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. 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, 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%;text-align:left;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 — 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’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 adopted ASU 2017-04 as of April 1, 2017 on a prospective basis. The adoption of this standard did not have a material impact on our consolidated financial statements.</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In February 2017, the FASB issued </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">ASU 2017-05, Other Income — Gains and Losses from the Derecognition of Nonfinancial Assets (Subtopic 610-20)</font><font style="font-family:inherit;font-size:10pt;">. ASU 2017-05 clarifies that a financial asset is within the scope of Subtopic 610-20 if it meets the definition of an in substance nonfinancial asset. The amendments define the term “in substance nonfinancial asset,” in part, as a financial asset promised to a counterparty in a contract if substantially all of the fair value of the assets (recognized and unrecognized) that are promised to the counterparty in the contract is concentrated in nonfinancial assets. If substantially all of the fair value of the assets that are promised to the counterparty in a contract is concentrated in nonfinancial assets, then all of the financial assets promised to the counterparty are in substance nonfinancial assets within the scope of Subtopic 610-20. This amendment also clarifies that nonfinancial assets within the scope of Subtopic 610-20 may include nonfinancial assets transferred within a legal entity to a counterparty. For example, a parent company may transfer control of nonfinancial assets by transferring ownership interests in a consolidated subsidiary. ASU 2017-05 is effective for periods beginning after December 15, 2017, with early application permitted for fiscal years beginning after December 15, 2016. We are in the process of evaluating the impact of ASU 2017-05 on our consolidated financial statements and will adopt the standard for the fiscal year beginning January 1, 2018.</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 May 2017, the FASB issued </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">ASU 2017-09, Compensation — Stock Compensation (Topic 718): Scope of Modification Accounting</font><font style="font-family:inherit;font-size:10pt;">. ASU 2017-09 clarifies when to account for a change to the terms and conditions of a share-based payment award as a modification. Under the new guidance, modification accounting is required only if the fair value, vesting conditions, or classification of the award (as equity or liability) changes as a result of the change in terms or conditions. ASU 2017-09 will be effective 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 2017-09 on our consolidated financial statements and will adopt the standard for the fiscal year beginning January 1, 2018.</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 2017, the FASB issued </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">ASU 2017-12, Derivatives and Hedging (Topic 815): Targeted Improvements to Accounting for Hedging Activities</font><font style="font-family:inherit;font-size:10pt;">. ASU 2017-12 will make more financial and nonfinancial hedging strategies eligible for hedge accounting. It also amends the presentation and disclosure requirements and changes how companies assess hedge effectiveness. It is intended to more closely align hedge accounting with companies’ risk management strategies, simplify the application of hedge accounting, and increase transparency as to the scope and results of hedging programs. ASU 2017-12 will be effective in fiscal years beginning after December 15, 2018, including interim periods within those fiscal years, with early adoption permitted. We are in the process of evaluating the impact of adopting ASU 2017-12 on our consolidated financial statements.</font></div></div> | ||
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<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Business and Organization</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">W. P. Carey Inc., or W. P. Carey, is, together with its consolidated subsidiaries, a REIT that provides long-term financing via sale-leaseback and build-to-suit transactions for companies worldwide and manages a global investment portfolio. We invest primarily in commercial properties domestically and internationally. We earn revenue principally by leasing the properties we own to single corporate tenants, on a triple-net lease basis, which generally requires each tenant to pay the costs associated with operating and maintaining the property.</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Originally founded in 1973, we reorganized as a REIT in September 2012 in connection with our merger with Corporate Property Associates 15 Incorporated. We refer to that merger as the CPA</font><font style="font-family:inherit;font-size:10pt;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">®</sup></font><font style="font-family:inherit;font-size:10pt;">:15 Merger. On January 31, 2014, Corporate Property Associates 16 – Global Incorporated, or CPA</font><font style="font-family:inherit;font-size:10pt;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">®</sup></font><font style="font-family:inherit;font-size:10pt;">:16 – Global, merged with and into us, which we refer to as the CPA</font><font style="font-family:inherit;font-size:10pt;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">®</sup></font><font style="font-family:inherit;font-size:10pt;">:16 Merger. Our shares of common stock are listed on the New York Stock Exchange under the symbol “WPC.”</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">We have elected to be taxed as a REIT under Section 856 through 860 of the Internal Revenue Code. As a REIT, we are not generally subject to United States federal income taxation other than from our taxable REIT subsidiaries, or TRSs, as long as we satisfy certain requirements, principally relating to the nature of our income and the level of our distributions, as well as other factors. We also own real property in jurisdictions outside the United States through foreign subsidiaries and are subject to income taxes on our pre-tax income earned from properties in such countries. We hold all of our real estate assets attributable to our Owned Real Estate segment under the REIT structure, while the activities conducted by our Investment Management segment subsidiaries have been organized under TRSs.</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Through our TRSs, we also earn revenue as the advisor to publicly owned, non-listed REITs, which are sponsored by us under the Corporate Property Associates, or CPA</font><font style="font-family:inherit;font-size:10pt;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">®</sup></font><font style="font-family:inherit;font-size:10pt;">,</font><font style="font-family:inherit;font-size:10pt;"><sup style="vertical-align:top;line-height:120%;font-size:7pt"> </sup></font><font style="font-family:inherit;font-size:10pt;">brand name and invest in similar properties. At </font><font style="font-family:inherit;font-size:10pt;">September 30, 2017</font><font style="font-family:inherit;font-size:10pt;">, we were the advisor to Corporate Property Associates 17 – Global Incorporated, or CPA</font><font style="font-family:inherit;font-size:10pt;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">®</sup></font><font style="font-family:inherit;font-size:10pt;">:17 – Global, and Corporate Property Associates 18 – Global Incorporated, or CPA</font><font style="font-family:inherit;font-size:10pt;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">®</sup></font><font style="font-family:inherit;font-size:10pt;">:18 – Global. We refer to CPA</font><font style="font-family:inherit;font-size:10pt;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">®</sup></font><font style="font-family:inherit;font-size:10pt;">:17 – Global and CPA</font><font style="font-family:inherit;font-size:10pt;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">®</sup></font><font style="font-family:inherit;font-size:10pt;">:18 – Global together as the CPA</font><font style="font-family:inherit;font-size:10pt;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">®</sup></font><font style="font-family:inherit;font-size:10pt;"> REITs. </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;">September 30, 2017</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">®</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="#sD407C99C1E2B54B8A8100D68513DAEF0"><font style="font-family:inherit;font-size:10pt;">Note 3</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;">September 30, 2017</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 (</font><a style="font-family:inherit;font-size:10pt;" href="#sD407C99C1E2B54B8A8100D68513DAEF0"><font style="font-family:inherit;font-size:10pt;">Note 3</font></a><font style="font-family:inherit;font-size:10pt;">). We refer to the Managed REITs and CESH I collectively as the Managed Programs.</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">On June 15, 2017, our board of directors, or the Board, approved a plan to exit all non-traded retail fundraising activities carried out by our wholly-owned broker-dealer subsidiary, Carey Financial LLC, or Carey Financial, as of June 30, 2017. We currently expect to continue to manage all existing Managed Programs through the end of their respective natural life cycles (</font><a style="font-family:inherit;font-size:10pt;" href="#sD407C99C1E2B54B8A8100D68513DAEF0"><font style="font-family:inherit;font-size:10pt;">Note 3</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;">In August 2017, we resigned as the advisor to Carey Credit Income Fund (known as Guggenheim Credit Income Fund since October 23, 2017), or CCIF, and by extension, its feeder funds, or the CCIF Feeder Funds, each of which is a business development company, or BDC (</font><a style="font-family:inherit;font-size:10pt;" href="#sD407C99C1E2B54B8A8100D68513DAEF0"><font style="font-family:inherit;font-size:10pt;">Note 3</font></a><font style="font-family:inherit;font-size:10pt;">). We refer to CCIF and the CCIF Feeder Funds collectively as the Managed BDCs. The board of trustees of CCIF approved our resignation and appointed CCIF’s subadvisor Guggenheim Partners Investment Management, LLC, or Guggenheim, as the interim sole advisor to CCIF, effective as of September 11, 2017. The shareholders of CCIF approved Guggenheim’s appointment as sole advisor on a permanent basis on October 20, 2017. The Managed BDCs were included in the Managed Programs prior to our resignation as their advisor.</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Reportable Segments</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">As a result of our Board’s decision to exit all non-traded retail fundraising activities, described above, we have revised how we view and present a component of our </font><font style="font-family:inherit;font-size:10pt;">two</font><font style="font-family:inherit;font-size:10pt;"> reportable segments. As such, beginning with the second quarter of 2017, we include equity income generated through our (i) ownership of shares and limited partnership units of the Managed Programs and (ii) special general partner interests in the operating partnerships of the Managed REITs in our Investment Management segment. Previously, these items were recognized within our Owned Real Estate segment. We also include our equity investments in the Managed Programs in our Investment Management segment. Both (i) earnings from our investment in CCIF and (ii) our investment in CCIF continue to be included in our Investment Management segment. Results of operations and assets by segment for prior periods have been reclassified to conform to the current period presentation.</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;font-style:italic;">Owned Real Estate</font><font style="font-family:inherit;font-size:10pt;"> — We own and invest in commercial properties principally in North America, Europe, Australia, and Asia, which are 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 (</font><a style="font-family:inherit;font-size:10pt;" href="#s3806F02F90FC599E9AE6993839F8E61C"><font style="font-family:inherit;font-size:10pt;">Note 7</font></a><font style="font-family:inherit;font-size:10pt;">). At </font><font style="font-family:inherit;font-size:10pt;">September 30, 2017</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;">890</font><font style="font-family:inherit;font-size:10pt;"> properties, totaling approximately </font><font style="font-family:inherit;font-size:10pt;">85.9 million</font><font style="font-family:inherit;font-size:10pt;"> square feet, substantially all of which were net leased to </font><font style="font-family:inherit;font-size:10pt;">211</font><font style="font-family:inherit;font-size:10pt;"> tenants, with an occupancy rate of </font><font style="font-family:inherit;font-size:10pt;">99.8%</font><font style="font-family:inherit;font-size:10pt;">. </font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Investment Management</font><font style="font-family:inherit;font-size:10pt;"> — Through our TRSs, we structure and negotiate investments and debt placement transactions for the Managed Programs, for which we earn structuring revenue, and manage their portfolios of real estate investments, for which we earn asset management revenue. We also earned asset management revenue from CCIF based on the average of its gross assets at fair value through the effective date of our resignation as its advisor. We may earn disposition revenue when we negotiate and structure the sale of properties on behalf of the Managed REITs, and we may also earn incentive revenue and receive other compensation through our advisory agreements with certain of the Managed Programs, including in connection with providing liquidity events for the Managed REITs’ stockholders. </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 addition, we generate equity income through our ownership of shares and limited partnership units of the Managed Programs (</font><a style="font-family:inherit;font-size:10pt;" href="#s3806F02F90FC599E9AE6993839F8E61C"><font style="font-family:inherit;font-size:10pt;">Note 7</font></a><font style="font-family:inherit;font-size:10pt;">). Through our special general partner 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="#sD407C99C1E2B54B8A8100D68513DAEF0"><font style="font-family:inherit;font-size:10pt;">Note 3</font></a><font style="font-family:inherit;font-size:10pt;">). Our Board’s decision to exit all non-traded retail fundraising activities through Carey Financial as of June 30, 2017, as discussed above, will not affect the continuation of these current revenue streams. At </font><font style="font-family:inherit;font-size:10pt;">September 30, 2017</font><font style="font-family:inherit;font-size:10pt;">, the CPA</font><font style="font-family:inherit;font-size:10pt;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">® </sup></font><font style="font-family:inherit;font-size:10pt;">REITs collectively owned all or a portion of </font><font style="font-family:inherit;font-size:10pt;">461</font><font style="font-family:inherit;font-size:10pt;"> properties (including certain properties in which we have an ownership interest), totaling approximately </font><font style="font-family:inherit;font-size:10pt;">54.1 million</font><font style="font-family:inherit;font-size:10pt;"> square feet, substantially all of which were net leased to </font><font style="font-family:inherit;font-size:10pt;">207</font><font style="font-family:inherit;font-size:10pt;"> tenants, with an occupancy rate of approximately </font><font style="font-family:inherit;font-size:10pt;">99.7%</font><font style="font-family:inherit;font-size:10pt;">. The Managed Programs also had interests in </font><font style="font-family:inherit;font-size:10pt;">166</font><font style="font-family:inherit;font-size:10pt;"> operating properties, totaling approximately </font><font style="font-family:inherit;font-size:10pt;">20.2 million</font><font style="font-family:inherit;font-size:10pt;"> square feet in the aggregate.</font></div></div> |