2017 Q4 Form 10-Q Financial Statement

#000102537817000062 Filed on November 03, 2017

View on sec.gov

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%

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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
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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
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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
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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&#8217; maximum individual tax rate without requiring awards to be classified as liabilities, and (iii) permitting an entity to make an accounting policy election for the impact of forfeitures on the recognition of expense. ASU 2016-09 is effective for public business entities for annual reporting periods beginning after December 15, 2016, and interim periods within that reporting period, with early adoption permitted.</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">We adopted ASU 2016-09 as of January 1, 2017 and elected to account for forfeitures as they occur, rather than to account for them based on an estimate of expected forfeitures. This election 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 &#8212; Credit Losses. </font><font style="font-family:inherit;font-size:10pt;">ASU 2016-13 introduces a new model for estimating credit losses based on current expected credit losses for certain types of financial instruments, including loans receivable, held-to-maturity debt securities, and net investments in direct financing leases, amongst other financial instruments. ASU 2016-13 also modifies the impairment model for available-for-sale debt securities and expands the disclosure requirements regarding an entity&#8217;s assumptions, models, and methods for estimating the allowance for losses. ASU 2016-13 will be effective for public business entities in fiscal years beginning after December 15, 2019, including interim periods within those fiscal years, with early application of the guidance permitted. We are in the process of evaluating the impact of adopting ASU 2016-13 on our consolidated financial statements.</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In August 2016, the FASB issued </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">ASU 2016-15, Statement of Cash Flows (Topic 230): Classification of Certain Cash Receipts and Cash Payments</font><font style="font-family:inherit;font-size:10pt;">. ASU 2016-15 intends to reduce diversity in practice for certain cash flow classifications, including, but not limited to (i) debt prepayment or debt extinguishment costs, (ii) contingent consideration payments made after a business combination, (iii) proceeds from the settlement of insurance claims, and (iv) distributions received from equity method investees. ASU 2016-15 will be effective for public business entities in fiscal years beginning after December 15, 2017, including interim periods within those fiscal years, with early application of the guidance permitted. We are in the process of evaluating the impact of adopting ASU 2016-15 on our consolidated financial statements 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&#8217;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&#160;(Topic 805): Clarifying the Definition of a Business</font><font style="font-family:inherit;font-size:10pt;">. ASU 2017-01 intends to clarify the definition of a business with the objective of adding guidance to assist entities with evaluating whether transactions should be accounted for as acquisitions (or disposals) of assets or businesses. Under the current implementation guidance in Topic 805, there are three elements of a business: inputs, processes, and outputs. While an integrated set of assets and activities, collectively referred to as a &#8220;set,&#8221; that is a business usually has outputs, outputs are not required to be present.&#160;ASU 2017-01 provides a screen to determine when a set is not a business. The screen requires that when substantially all of the fair value of the gross assets acquired (or disposed of) is concentrated in a single identifiable asset or a group of similar identifiable assets, the set is not a business.&#160;ASU 2017-01 will be effective for public business entities in fiscal years beginning after December 15, 2017, including interim periods within those fiscal years, with early adoption permitted. We elected to early adopt ASU 2017-01 on January 1, 2017 on a prospective basis. While our acquisitions have historically been classified as either business combinations or asset acquisitions, certain acquisitions that were classified as business combinations by us likely would have been considered asset acquisitions under the new standard. As a result, 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 &#8212; Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment</font><font style="font-family:inherit;font-size:10pt;">. ASU 2017-04 removes step 2 of the goodwill impairment test, which requires a hypothetical purchase price allocation. A goodwill impairment will now be the amount by which a reporting unit&#8217;s carrying value exceeds its fair value, not to exceed the carrying amount of goodwill. All other goodwill impairment guidance will remain largely unchanged. Entities will continue to have the option to perform a qualitative assessment to determine if a quantitative impairment test is necessary. ASU 2017-04 will be effective for public business entities in fiscal years beginning after December 15, 2019, including interim periods within those fiscal years in which a goodwill impairment test is performed, with early adoption permitted. We 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&#160;</font><font style="font-family:inherit;font-size:10pt;font-style:italic;">ASU 2017-05, Other Income &#8212; 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 &#8220;in substance nonfinancial asset,&#8221; 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 &#8212; 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&#8217; 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>
us-gaap Nature Of Operations
NatureOfOperations
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Business and Organization</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">W. P. Carey Inc., or W. P. Carey, is, together with its consolidated subsidiaries, a REIT that provides long-term financing via sale-leaseback and build-to-suit transactions for companies worldwide and manages a global investment portfolio. We invest primarily in commercial properties domestically and internationally. We earn revenue principally by leasing the properties we own to single corporate tenants, 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">&#174;</sup></font><font style="font-family:inherit;font-size:10pt;">:15 Merger. On January 31, 2014, Corporate Property Associates 16 &#8211; Global Incorporated, or CPA</font><font style="font-family:inherit;font-size:10pt;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">&#174;</sup></font><font style="font-family:inherit;font-size:10pt;">:16 &#8211; Global, merged with and into us, which we refer to as the CPA</font><font style="font-family:inherit;font-size:10pt;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">&#174;</sup></font><font style="font-family:inherit;font-size:10pt;">:16 Merger. Our shares of common stock are listed on the New York Stock Exchange under the symbol &#8220;WPC.&#8221;</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">We have elected to be taxed as a REIT under Section&#160;856 through 860 of the Internal Revenue Code. As a REIT, we are not generally subject to United States federal income taxation other than from our taxable REIT subsidiaries, or TRSs, as long as we satisfy certain requirements, principally relating to the nature of our income and the level of our distributions, as well as other factors. We 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">&#174;</sup></font><font style="font-family:inherit;font-size:10pt;">,</font><font style="font-family:inherit;font-size:10pt;"><sup style="vertical-align:top;line-height:120%;font-size:7pt"> </sup></font><font style="font-family:inherit;font-size:10pt;">brand name and invest in similar properties. At </font><font style="font-family:inherit;font-size:10pt;">September&#160;30, 2017</font><font style="font-family:inherit;font-size:10pt;">, we were the advisor to Corporate Property Associates 17 &#8211; Global Incorporated, or CPA</font><font style="font-family:inherit;font-size:10pt;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">&#174;</sup></font><font style="font-family:inherit;font-size:10pt;">:17 &#8211; Global, and Corporate Property Associates 18 &#8211; Global Incorporated, or CPA</font><font style="font-family:inherit;font-size:10pt;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">&#174;</sup></font><font style="font-family:inherit;font-size:10pt;">:18 &#8211; Global. We refer to CPA</font><font style="font-family:inherit;font-size:10pt;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">&#174;</sup></font><font style="font-family:inherit;font-size:10pt;">:17 &#8211; Global and CPA</font><font style="font-family:inherit;font-size:10pt;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">&#174;</sup></font><font style="font-family:inherit;font-size:10pt;">:18 &#8211; Global together as the CPA</font><font style="font-family:inherit;font-size:10pt;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">&#174;</sup></font><font style="font-family:inherit;font-size:10pt;"> REITs. </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&#160;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">&#174;</sup></font><font style="font-family:inherit;font-size:10pt;"> REITs, as the Managed REITs (</font><a style="font-family:inherit;font-size:10pt;" href="#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&#160;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&#8217;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&#8217;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;">&#160;</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&#8217;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;"> &#8212; 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&#160;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;"> &#8212; 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&#8217; 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&#8217;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&#160;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">&#174; </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>

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