2024 Q2 Form 10-Q Financial Statement
#000102537824000081 Filed on May 01, 2024
Income Statement
Concept | 2024 Q2 | 2024 Q1 |
---|---|---|
Revenue | $389.7M | $389.8M |
YoY Change | -13.9% | -8.88% |
Cost Of Revenue | $46.50M | $43.10M |
YoY Change | -12.16% | 42569.31% |
Gross Profit | $343.2M | $346.7M |
YoY Change | -14.13% | -18.94% |
Gross Profit Margin | 88.07% | 88.94% |
Selling, General & Admin | $33.07M | $36.72M |
YoY Change | -2.11% | 7.34% |
% of Gross Profit | 9.64% | 10.59% |
Research & Development | ||
YoY Change | ||
% of Gross Profit | ||
Depreciation & Amortization | $137.5M | $118.8M |
YoY Change | -7.53% | -24.07% |
% of Gross Profit | 40.06% | 34.26% |
Operating Expenses | $170.6M | $155.5M |
YoY Change | -3.82% | -18.43% |
Operating Profit | $172.6M | $191.2M |
YoY Change | -22.35% | -19.34% |
Interest Expense | -$58.67M | $68.65M |
YoY Change | -18.78% | 2.17% |
% of Operating Profit | -33.99% | 35.9% |
Other Income/Expense, Net | -$7.589M | -$19.00M |
YoY Change | -274.98% | -114.78% |
Pretax Income | $149.1M | $167.8M |
YoY Change | -3.64% | -45.81% |
Income Tax | $6.219M | $8.674M |
% Of Pretax Income | 4.17% | 5.17% |
Net Earnings | $142.9M | $159.2M |
YoY Change | -1.19% | -45.91% |
Net Earnings / Revenue | 36.67% | 40.85% |
Basic Earnings Per Share | ||
Diluted Earnings Per Share | $0.65 | $0.72 |
COMMON SHARES | ||
Basic Shares Outstanding | 218.8M shares | 218.7M shares |
Diluted Shares Outstanding | 220.2M shares | 220.1M shares |
Balance Sheet
Concept | 2024 Q2 | 2024 Q1 |
---|---|---|
SHORT-TERM ASSETS | ||
Cash & Short-Term Investments | $1.086B | $777.0M |
YoY Change | 432.07% | 425.19% |
Cash & Equivalents | $1.086B | $777.0M |
Short-Term Investments | ||
Other Short-Term Assets | ||
YoY Change | ||
Inventory | $7.743M | $0.00 |
Prepaid Expenses | ||
Receivables | ||
Other Receivables | ||
Total Short-Term Assets | $1.094B | $777.0M |
YoY Change | 342.61% | 304.47% |
LONG-TERM ASSETS | ||
Property, Plant & Equipment | $10.48B | $10.45B |
YoY Change | -20.14% | -16.89% |
Goodwill | $973.2M | $974.1M |
YoY Change | -6.15% | -6.14% |
Intangibles | ||
YoY Change | ||
Long-Term Investments | $356.2M | $355.7M |
YoY Change | 4.68% | 4.25% |
Other Assets | $143.7M | $327.1M |
YoY Change | 74.86% | 294.56% |
Total Long-Term Assets | $16.68B | $16.83B |
YoY Change | -11.44% | -9.69% |
TOTAL ASSETS | ||
Total Short-Term Assets | $1.094B | $777.0M |
Total Long-Term Assets | $16.68B | $16.83B |
Total Assets | $17.77B | $17.61B |
YoY Change | -6.85% | -6.48% |
SHORT-TERM LIABILITIES | ||
YoY Change | ||
Accounts Payable | $548.4M | $575.8M |
YoY Change | -14.82% | -15.25% |
Accrued Expenses | ||
YoY Change | ||
Deferred Revenue | ||
YoY Change | ||
Short-Term Debt | $0.00 | $0.00 |
YoY Change | ||
Long-Term Debt Due | ||
YoY Change | ||
Total Short-Term Liabilities | $742.9M | $768.8M |
YoY Change | -15.22% | -15.61% |
LONG-TERM LIABILITIES | ||
Long-Term Debt | $8.102B | $7.873B |
YoY Change | -5.96% | -4.66% |
Other Long-Term Liabilities | $128.7M | $131.5M |
YoY Change | -18.4% | -18.74% |
Total Long-Term Liabilities | $8.231B | $8.005B |
YoY Change | -6.18% | -4.93% |
TOTAL LIABILITIES | ||
Total Short-Term Liabilities | $742.9M | $768.8M |
Total Long-Term Liabilities | $8.231B | $8.005B |
Total Liabilities | $9.130B | $8.932B |
YoY Change | -7.27% | -6.1% |
SHAREHOLDERS EQUITY | ||
Retained Earnings | ||
YoY Change | ||
Common Stock | $219.0K | $219.0K |
YoY Change | 2.34% | 2.34% |
Preferred Stock | ||
YoY Change | ||
Treasury Stock (at cost) | ||
YoY Change | ||
Treasury Stock Shares | ||
Shareholders Equity | $8.633B | $8.673B |
YoY Change | ||
Total Liabilities & Shareholders Equity | $17.77B | $17.61B |
YoY Change | -6.85% | -6.48% |
Cashflow Statement
Concept | 2024 Q2 | 2024 Q1 |
---|---|---|
OPERATING ACTIVITIES | ||
Net Income | $142.9M | $159.2M |
YoY Change | -1.19% | -45.91% |
Depreciation, Depletion And Amortization | $137.5M | $118.8M |
YoY Change | -7.53% | -24.07% |
Cash From Operating Activities | $221.0M | $1.036B |
YoY Change | -10.73% | 266.27% |
INVESTING ACTIVITIES | ||
Capital Expenditures | $282.0M | $213.3M |
YoY Change | -63.77% | 19.25% |
Acquisitions | ||
YoY Change | ||
Other Investing Activities | $131.8M | $693.0K |
YoY Change | -71.34% | -162.94% |
Cash From Investing Activities | -$150.2M | -$237.0M |
YoY Change | -52.82% | -59.65% |
FINANCING ACTIVITIES | ||
Cash Dividend Paid | ||
YoY Change | ||
Common Stock Issuance & Retirement, Net | ||
YoY Change | ||
Debt Paid & Issued, Net | ||
YoY Change | ||
Cash From Financing Activities | 61.02M | -$379.0M |
YoY Change | -52.46% | -223.4% |
NET CHANGE | ||
Cash From Operating Activities | 221.0M | $1.036B |
Cash From Investing Activities | -150.2M | -$237.0M |
Cash From Financing Activities | 61.02M | -$379.0M |
Net Change In Cash | 131.9M | $412.1M |
YoY Change | 128.92% | 6059.22% |
FREE CASH FLOW | ||
Cash From Operating Activities | $221.0M | $1.036B |
Capital Expenditures | $282.0M | $213.3M |
Free Cash Flow | -$60.95M | $822.2M |
YoY Change | -88.52% | 691.68% |
Facts In Submission
Frame | Concept Type | Concept / XBRL Key | Value | Unit |
---|---|---|---|---|
CY2024Q1 | us-gaap |
Revenues
Revenues
|
389798000 | usd |
CY2023Q1 | us-gaap |
Revenues
Revenues
|
427790000 | usd |
CY2024Q1 | us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
118768000 | usd |
CY2023Q1 | us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
156409000 | usd |
CY2024Q1 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
27868000 | usd |
CY2023Q1 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
26549000 | usd |
CY2024Q1 | wpc |
Operating Property Expenses
OperatingPropertyExpenses
|
17950000 | usd |
CY2023Q1 | wpc |
Operating Property Expenses
OperatingPropertyExpenses
|
21249000 | usd |
CY2024Q1 | wpc |
Reimbursable Tenant Expense
ReimbursableTenantExpense
|
12973000 | usd |
CY2023Q1 | wpc |
Reimbursable Tenant Expense
ReimbursableTenantExpense
|
21976000 | usd |
CY2024Q1 | us-gaap |
Occupancy Net
OccupancyNet
|
12173000 | usd |
CY2023Q1 | us-gaap |
Occupancy Net
OccupancyNet
|
12772000 | usd |
CY2024Q1 | wpc |
Allocated Stock Based Compensation Expense Excluding Restructuring Expense
AllocatedStockBasedCompensationExpenseExcludingRestructuringExpense
|
8856000 | usd |
CY2023Q1 | wpc |
Allocated Stock Based Compensation Expense Excluding Restructuring Expense
AllocatedStockBasedCompensationExpenseExcludingRestructuringExpense
|
7766000 | usd |
CY2024Q1 | wpc |
Merger And Other Expenses Operating
MergerAndOtherExpensesOperating
|
4452000 | usd |
CY2023Q1 | wpc |
Merger And Other Expenses Operating
MergerAndOtherExpensesOperating
|
24000 | usd |
CY2024Q1 | us-gaap |
Costs And Expenses
CostsAndExpenses
|
203040000 | usd |
CY2023Q1 | us-gaap |
Costs And Expenses
CostsAndExpenses
|
246745000 | usd |
CY2024Q1 | us-gaap |
Interest Expense
InterestExpense
|
68651000 | usd |
CY2023Q1 | us-gaap |
Interest Expense
InterestExpense
|
67196000 | usd |
CY2024Q1 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
15505000 | usd |
CY2023Q1 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
4626000 | usd |
CY2024Q1 | us-gaap |
Gain Loss On Sale Of Properties
GainLossOnSaleOfProperties
|
15445000 | usd |
CY2023Q1 | us-gaap |
Gain Loss On Sale Of Properties
GainLossOnSaleOfProperties
|
177749000 | usd |
CY2024Q1 | us-gaap |
Other Nonoperating Gains Losses
OtherNonoperatingGainsLosses
|
13839000 | usd |
CY2023Q1 | us-gaap |
Other Nonoperating Gains Losses
OtherNonoperatingGainsLosses
|
8100000 | usd |
CY2024Q1 | us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
4864000 | usd |
CY2023Q1 | us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
5236000 | usd |
CY2024Q1 | us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
-18998000 | usd |
CY2023Q1 | us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
128515000 | usd |
CY2024Q1 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
167760000 | usd |
CY2023Q1 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
309560000 | usd |
CY2024Q1 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
8674000 | usd |
CY2023Q1 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
15119000 | usd |
CY2024Q1 | us-gaap |
Profit Loss
ProfitLoss
|
159086000 | usd |
CY2023Q1 | us-gaap |
Profit Loss
ProfitLoss
|
294441000 | usd |
CY2024Q1 | us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
-137000 | usd |
CY2023Q1 | us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
61000 | usd |
CY2024Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
159223000 | usd |
CY2023Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
294380000 | usd |
CY2024Q1 | us-gaap |
Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
|
0.72 | |
CY2023Q1 | us-gaap |
Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
|
1.39 | |
CY2024Q1 | us-gaap |
Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
|
0.72 | |
CY2023Q1 | us-gaap |
Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
|
1.39 | |
CY2024Q1 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
220031597 | shares |
CY2023Q1 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
211951930 | shares |
CY2024Q1 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
220129870 | shares |
CY2023Q1 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
212345047 | shares |
CY2024Q1 | us-gaap |
Profit Loss
ProfitLoss
|
159086000 | usd |
CY2023Q1 | us-gaap |
Profit Loss
ProfitLoss
|
294441000 | usd |
CY2024Q1 | us-gaap |
Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
|
6432000 | usd |
CY2023Q1 | us-gaap |
Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
|
-7263000 | usd |
CY2024Q1 | us-gaap |
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
-4338000 | usd |
CY2023Q1 | us-gaap |
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
6457000 | usd |
CY2024Q1 | us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
2094000 | usd |
CY2023Q1 | us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
-806000 | usd |
CY2024Q1 | us-gaap |
Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
|
161180000 | usd |
CY2023Q1 | us-gaap |
Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
|
293635000 | usd |
CY2024Q1 | us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
-137000 | usd |
CY2023Q1 | us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
61000 | usd |
CY2024Q1 | us-gaap |
Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToNoncontrollingInterest
|
-257000 | usd |
CY2023Q1 | us-gaap |
Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToNoncontrollingInterest
|
-28000 | usd |
CY2024Q1 | us-gaap |
Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
|
-394000 | usd |
CY2023Q1 | us-gaap |
Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
|
33000 | usd |
CY2024Q1 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
161574000 | usd |
CY2023Q1 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
293602000 | usd |
CY2023Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
8706997000 | usd |
CY2024Q1 | us-gaap |
Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
|
-6861000 | usd |
CY2024Q1 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
8856000 | usd |
CY2024Q1 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Other Longterm Incentive Plans Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationOtherLongtermIncentivePlansRequisiteServicePeriodRecognition
|
0 | usd |
CY2024Q1 | us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
0.865 | |
CY2024Q1 | us-gaap |
Dividends
Dividends
|
190947000 | usd |
CY2024Q1 | us-gaap |
Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
|
50000 | usd |
CY2024Q1 | us-gaap |
Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
|
6432000 | usd |
CY2024Q1 | us-gaap |
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
-4338000 | usd |
CY2024Q1 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
8679175000 | usd |
CY2022Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
9008644000 | usd |
CY2023Q1 | us-gaap |
Stock Issued During Period Value Other
StockIssuedDuringPeriodValueOther
|
249863000 | usd |
CY2023Q1 | us-gaap |
Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
|
-13326000 | usd |
CY2023Q1 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
7766000 | usd |
CY2023Q1 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Other Longterm Incentive Plans Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationOtherLongtermIncentivePlansRequisiteServicePeriodRecognition
|
0 | usd |
CY2023Q1 | us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
1.067 | |
CY2023Q1 | us-gaap |
Dividends
Dividends
|
229970000 | usd |
CY2023Q1 | us-gaap |
Profit Loss
ProfitLoss
|
294441000 | usd |
CY2023Q1 | us-gaap |
Noncontrolling Interest Increase From Subsidiary Equity Issuance
NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance
|
2886000 | usd |
CY2023Q1 | us-gaap |
Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
|
136000 | usd |
CY2023Q1 | us-gaap |
Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
|
-7263000 | usd |
CY2023Q1 | us-gaap |
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
6457000 | usd |
CY2023Q1 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
9319362000 | usd |
CY2024Q1 | us-gaap |
Profit Loss
ProfitLoss
|
159086000 | usd |
CY2023Q1 | us-gaap |
Profit Loss
ProfitLoss
|
294441000 | usd |
CY2024Q1 | us-gaap |
Depreciation Amortization And Accretion Net
DepreciationAmortizationAndAccretionNet
|
123487000 | usd |
CY2023Q1 | us-gaap |
Depreciation Amortization And Accretion Net
DepreciationAmortizationAndAccretionNet
|
161314000 | usd |
CY2024Q1 | us-gaap |
Straight Line Rent Adjustments
StraightLineRentAdjustments
|
-20044000 | usd |
CY2023Q1 | us-gaap |
Straight Line Rent Adjustments
StraightLineRentAdjustments
|
-15948000 | usd |
CY2024Q1 | us-gaap |
Gain Loss On Sale Of Properties
GainLossOnSaleOfProperties
|
15445000 | usd |
CY2023Q1 | us-gaap |
Gain Loss On Sale Of Properties
GainLossOnSaleOfProperties
|
177749000 | usd |
CY2024Q1 | us-gaap |
Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
|
10650000 | usd |
CY2023Q1 | us-gaap |
Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
|
0 | usd |
CY2024Q1 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
8856000 | usd |
CY2023Q1 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
7766000 | usd |
CY2024Q1 | us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
4864000 | usd |
CY2023Q1 | us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
5236000 | usd |
CY2024Q1 | wpc |
Amortization Of Rent Related Intangibles And Deferred Rental Revenue
AmortizationOfRentRelatedIntangiblesAndDeferredRentalRevenue
|
4142000 | usd |
CY2023Q1 | wpc |
Amortization Of Rent Related Intangibles And Deferred Rental Revenue
AmortizationOfRentRelatedIntangiblesAndDeferredRentalRevenue
|
10765000 | usd |
CY2024Q1 | us-gaap |
Provision For Loan Lease And Other Losses
ProvisionForLoanLeaseAndOtherLosses
|
-4003000 | usd |
CY2023Q1 | us-gaap |
Provision For Loan Lease And Other Losses
ProvisionForLoanLeaseAndOtherLosses
|
-3420000 | usd |
CY2024Q1 | us-gaap |
Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
|
3687000 | usd |
CY2023Q1 | us-gaap |
Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
|
5248000 | usd |
CY2024Q1 | us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
-1373000 | usd |
CY2023Q1 | us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
4366000 | usd |
CY2024Q1 | wpc |
Realized Gain Loss On Foreign Currency Transactions And Other
RealizedGainLossOnForeignCurrencyTransactionsAndOther
|
-674000 | usd |
CY2023Q1 | wpc |
Realized Gain Loss On Foreign Currency Transactions And Other
RealizedGainLossOnForeignCurrencyTransactionsAndOther
|
4755000 | usd |
CY2024Q1 | wpc |
Proceeds From Sales Of Net Investments In Sales Type Leases Operating
ProceedsFromSalesOfNetInvestmentsInSalesTypeLeasesOperating
|
807544000 | usd |
CY2023Q1 | wpc |
Proceeds From Sales Of Net Investments In Sales Type Leases Operating
ProceedsFromSalesOfNetInvestmentsInSalesTypeLeasesOperating
|
0 | usd |
CY2024Q1 | us-gaap |
Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
|
15550000 | usd |
CY2023Q1 | us-gaap |
Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
|
-5935000 | usd |
CY2024Q1 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
1035547000 | usd |
CY2023Q1 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
282727000 | usd |
CY2024Q1 | us-gaap |
Payments To Acquire Real Estate
PaymentsToAcquireRealEstate
|
193744000 | usd |
CY2023Q1 | us-gaap |
Payments To Acquire Real Estate
PaymentsToAcquireRealEstate
|
143645000 | usd |
CY2024Q1 | us-gaap |
Payments To Acquire Loans Receivable
PaymentsToAcquireLoansReceivable
|
83731000 | usd |
CY2023Q1 | us-gaap |
Payments To Acquire Loans Receivable
PaymentsToAcquireLoansReceivable
|
0 | usd |
CY2024Q1 | us-gaap |
Proceeds From Sale Of Real Estate Heldforinvestment
ProceedsFromSaleOfRealEstateHeldforinvestment
|
60868000 | usd |
CY2023Q1 | us-gaap |
Proceeds From Sale Of Real Estate Heldforinvestment
ProceedsFromSaleOfRealEstateHeldforinvestment
|
41025000 | usd |
CY2024Q1 | wpc |
Value Added Taxes Paid In Connection With Acquisition Of Real Estate
ValueAddedTaxesPaidInConnectionWithAcquisitionOfRealEstate
|
27197000 | usd |
CY2023Q1 | wpc |
Value Added Taxes Paid In Connection With Acquisition Of Real Estate
ValueAddedTaxesPaidInConnectionWithAcquisitionOfRealEstate
|
2622000 | usd |
CY2024Q1 | us-gaap |
Proceeds From Collection Of Loans Receivable
ProceedsFromCollectionOfLoansReceivable
|
24000000 | usd |
CY2023Q1 | us-gaap |
Proceeds From Collection Of Loans Receivable
ProceedsFromCollectionOfLoansReceivable
|
0 | usd |
CY2024Q1 | wpc |
Payments To Acquire Real Estate Under Construction
PaymentsToAcquireRealEstateUnderConstruction
|
19557000 | usd |
CY2023Q1 | wpc |
Payments To Acquire Real Estate Under Construction
PaymentsToAcquireRealEstateUnderConstruction
|
35221000 | usd |
CY2024Q1 | wpc |
Payments To Acquire Refunded And Develop Real Estate
PaymentsToAcquireRefundedAndDevelopRealEstate
|
4504000 | usd |
CY2023Q1 | wpc |
Payments To Acquire Refunded And Develop Real Estate
PaymentsToAcquireRefundedAndDevelopRealEstate
|
3332000 | usd |
CY2024Q1 | us-gaap |
Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
|
1835000 | usd |
CY2023Q1 | us-gaap |
Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
|
13716000 | usd |
CY2024Q1 | us-gaap |
Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
|
693000 | usd |
CY2023Q1 | us-gaap |
Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
|
-391000 | usd |
CY2024Q1 | us-gaap |
Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
|
413000 | usd |
CY2023Q1 | us-gaap |
Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
|
472000 | usd |
CY2024Q1 | wpc |
Payments For Deposits Investing Activities
PaymentsForDepositsInvestingActivities
|
0 | usd |
CY2023Q1 | wpc |
Payments For Deposits Investing Activities
PaymentsForDepositsInvestingActivities
|
467075000 | usd |
CY2024Q1 | wpc |
Tenant Funded Escrow For Investing Activities
TenantFundedEscrowForInvestingActivities
|
0 | usd |
CY2023Q1 | wpc |
Tenant Funded Escrow For Investing Activities
TenantFundedEscrowForInvestingActivities
|
29787000 | usd |
CY2024Q1 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-236972000 | usd |
CY2023Q1 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-587272000 | usd |
CY2024Q1 | us-gaap |
Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
|
740453000 | usd |
CY2023Q1 | us-gaap |
Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
|
635648000 | usd |
CY2024Q1 | us-gaap |
Proceeds From Unsecured Lines Of Credit
ProceedsFromUnsecuredLinesOfCredit
|
637587000 | usd |
CY2023Q1 | us-gaap |
Proceeds From Unsecured Lines Of Credit
ProceedsFromUnsecuredLinesOfCredit
|
1018971000 | usd |
CY2024Q1 | us-gaap |
Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
|
190331000 | usd |
CY2023Q1 | us-gaap |
Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
|
226697000 | usd |
CY2024Q1 | us-gaap |
Repayments Of Secured Debt
RepaymentsOfSecuredDebt
|
69276000 | usd |
CY2023Q1 | us-gaap |
Repayments Of Secured Debt
RepaymentsOfSecuredDebt
|
90263000 | usd |
CY2024Q1 | us-gaap |
Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
|
-9653000 | usd |
CY2023Q1 | us-gaap |
Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
|
1444000 | usd |
CY2024Q1 | us-gaap |
Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
|
6862000 | usd |
CY2023Q1 | us-gaap |
Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
|
13326000 | usd |
CY2024Q1 | us-gaap |
Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
|
50000 | usd |
CY2023Q1 | us-gaap |
Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
|
136000 | usd |
CY2024Q1 | us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
0 | usd |
CY2023Q1 | us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
249943000 | usd |
CY2024Q1 | us-gaap |
Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
|
0 | usd |
CY2023Q1 | us-gaap |
Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
|
2886000 | usd |
CY2024Q1 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-379038000 | usd |
CY2023Q1 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
307174000 | usd |
CY2024Q1 | us-gaap |
Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
-7485000 | usd |
CY2023Q1 | us-gaap |
Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
4061000 | usd |
CY2024Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
412052000 | usd |
CY2023Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
6690000 | usd |
CY2023Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
691971000 | usd |
CY2022Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
224141000 | usd |
CY2024Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
1104023000 | usd |
CY2023Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
230831000 | usd |
CY2024Q1 | us-gaap |
Nature Of Operations
NatureOfOperations
|
Business and Organization<div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">W. P. Carey Inc. (“W. P. Carey”) is a REIT that, together with our consolidated subsidiaries, invests primarily in operationally-critical, single-tenant commercial real estate properties located in the United States and Northern and Western Europe that are leased on a long-term basis. We earn revenue principally by leasing the properties we own to companies on a triple-net lease basis, which generally requires each tenant to pay the costs associated with operating and maintaining the property.</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Founded in 1973, our shares of common stock are listed on the New York Stock Exchange under the symbol “WPC.”</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We elected to be taxed as a REIT under Section 856 through 860 of the Internal Revenue Code effective as of February 15, 2012. As a REIT, we are not subject to federal income taxes on income and gains that we distribute to our stockholders 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.</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">In September 2023, we announced a plan to exit the office assets within our portfolio by (i) spinning off 59 office properties into Net Lease Office Properties (“NLOP”), so that it became a separate publicly-traded real estate investment trust (the “Spin-Off”), and (ii) implementing an asset sale program to dispose of 87 office properties retained by us (the “Office Sale Program”), which is targeted to be substantially completed in the first half of 2024.</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">On November 1, 2023, we completed the Spin-Off, contributing 59 office properties to NLOP. Following the closing of the Spin-Off, NLOP operates as a separate publicly-traded REIT, which we externally manage pursuant to certain advisory agreements (the “NLOP Advisory Agreements”). Through the date of this Report, we have disposed of 80 of the 87 office properties subject to the Office Sale Program (</span><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;text-decoration:underline"><a href="#i73da19c84baa4d8bb2adb623bb106dfe_85" style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;text-decoration:underline">Note </a><a href="#i73da19c84baa4d8bb2adb623bb106dfe_85" style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;text-decoration:underline">14</a></span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">).</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Effective January 1, 2024, we no longer separately analyze our business between real estate operations and investment management operations, and instead view the business as one reportable segment, since our investment management operations have been determined to be both quantitatively and qualitatively insignificant to the Company’s business. Our business is characterized as investing in operationally-critical, single-tenant commercial real estate properties that are leased on a long-term basis. These economic characteristics are similar across various property types, geographic locations, and industries in which our tenants operate and therefore considered one operating segment. The operating results of both the real estate and investment management activities are regularly reviewed, in the aggregate, by our chief operating decision maker to evaluate performance and allocate resources. Accordingly, all operations have been considered to represent one reportable segment, which are reported on our consolidated statements of income and our consolidated balance sheets. As a result of this change, we have conformed prior period segment information to reflect how we currently view our business.</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Lease revenues from our real estate investments generate the vast majority of our earnings. We invest primarily in commercial properties located in the United States and Northern and Western Europe, which are leased to companies on a triple-net lease basis. At March 31, 2024, our portfolio was comprised of our full or partial ownership interests in 1,282 properties, totaling approximately 168 million square feet, substantially all of which were net leased to 335 tenants, with a weighted-average lease term of 12.2 years and an occupancy rate of 99.1%. In addition, at March 31, 2024, our portfolio was comprised of full or partial ownership interests in 96 operating properties, including 89 self-storage properties, five hotels, and two student housing properties, totaling approximately 7.3 million square feet.</span></div> | |
CY2024Q1 | wpc |
Variable Interest Entities Declassified Count
VariableInterestEntitiesDeclassifiedCount
|
10 | entity |
CY2024Q1 | wpc |
Variable Interest Entities Count
VariableInterestEntitiesCount
|
11 | vie |
CY2023Q4 | wpc |
Variable Interest Entities Count
VariableInterestEntitiesCount
|
21 | vie |
CY2024Q1 | wpc |
Variable Interest Entities Consolidated Count
VariableInterestEntitiesConsolidatedCount
|
6 | vie |
CY2023Q4 | wpc |
Variable Interest Entities Consolidated Count
VariableInterestEntitiesConsolidatedCount
|
15 | vie |
CY2024Q1 | wpc |
Variable Interest Entities Unconsolidated Count
VariableInterestEntitiesUnconsolidatedCount
|
5 | vie |
CY2023Q4 | wpc |
Variable Interest Entities Unconsolidated Count
VariableInterestEntitiesUnconsolidatedCount
|
6 | vie |
CY2024Q1 | us-gaap |
Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
|
<div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Reclassifications</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Certain prior period amounts have been reclassified to conform to the current period presentation.</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Reimbursable costs from affiliates (revenues) are now included within Other advisory income and reimbursements. Reimbursable affiliate costs (expenses) are now included within General and administrative expenses. Previously, such amounts were presented in their own financial statement line items on the consolidated statements of income.</span></div> | |
CY2024Q1 | us-gaap |
Revenue Recognition Leases
RevenueRecognitionLeases
|
<div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Revenue Recognition</span></div>There have been no significant changes in our policies for revenue from contracts under Accounting Standards Codification (“ASC”) 606 from what was disclosed in the 2023 Annual Report. ASC 606 does not apply to our lease revenues, which constitute a majority of our revenues, but primarily applies to (i) revenues generated from our hotel operating properties and (ii) investment management revenues. | |
CY2024Q1 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
776966000 | usd |
CY2023Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
633860000 | usd |
CY2024Q1 | us-gaap |
Restricted Cash
RestrictedCash
|
327057000 | usd |
CY2023Q4 | us-gaap |
Restricted Cash
RestrictedCash
|
58111000 | usd |
CY2024Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
1104023000 | usd |
CY2023Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
691971000 | usd |
CY2024Q1 | wpc |
Change In Restricted Cash
ChangeInRestrictedCash
|
283800000 | usd |
CY2024Q1 | wpc |
Number Of Jointly Owned Investments
NumberOfJointlyOwnedInvestments
|
8 | investment |
CY2024Q1 | wpc |
Number Of Jointly Owned Investments Equity Method Investments
NumberOfJointlyOwnedInvestmentsEquityMethodInvestments
|
4 | investment |
CY2024Q1 | wpc |
Funds Capitalized For Construction In Progress
FundsCapitalizedForConstructionInProgress
|
9400000 | usd |
CY2024Q1 | wpc |
Number Of Construction Projects During Period
NumberOfConstructionProjectsDuringPeriod
|
10 | property |
CY2023 | wpc |
Number Of Construction Projects During Period
NumberOfConstructionProjectsDuringPeriod
|
11 | property |
CY2024Q1 | wpc |
Unfunded Commitment
UnfundedCommitment
|
107500000 | usd |
CY2023Q4 | wpc |
Unfunded Commitment
UnfundedCommitment
|
71800000 | usd |
CY2024Q1 | us-gaap |
Other Commitment
OtherCommitment
|
44100000 | usd |
CY2024Q1 | us-gaap |
Interest Costs Capitalized
InterestCostsCapitalized
|
300000 | usd |
CY2023Q1 | us-gaap |
Interest Costs Capitalized
InterestCostsCapitalized
|
100000 | usd |
CY2024Q1 | wpc |
End Of Lease Payments
EndOfLeasePayments
|
1800000 | usd |
CY2023Q1 | us-gaap |
Gain Loss On Termination Of Lease
GainLossOnTerminationOfLease
|
11400000 | usd |
CY2023Q1 | wpc |
End Of Lease Payments
EndOfLeasePayments
|
1300000 | usd |
CY2024Q1 | wpc |
Assets Held For Sale Not Part Of Disposal Group Accumulated Depreciation
AssetsHeldForSaleNotPartOfDisposalGroupAccumulatedDepreciation
|
0 | usd |
CY2023Q4 | wpc |
Assets Held For Sale Not Part Of Disposal Group Accumulated Depreciation
AssetsHeldForSaleNotPartOfDisposalGroupAccumulatedDepreciation
|
23460000 | usd |
CY2024Q1 | wpc |
Real Estate Investments Net Including Real Estate Held For Sale
RealEstateInvestmentsNetIncludingRealEstateHeldForSale
|
0 | usd |
CY2023Q4 | wpc |
Real Estate Investments Net Including Real Estate Held For Sale
RealEstateInvestmentsNetIncludingRealEstateHeldForSale
|
37122000 | usd |
CY2024Q1 | us-gaap |
Sales Type Lease Net Investment In Lease After Allowance For Credit Loss
SalesTypeLeaseNetInvestmentInLeaseAfterAllowanceForCreditLoss
|
312903000 | usd |
CY2023Q4 | us-gaap |
Sales Type Lease Net Investment In Lease After Allowance For Credit Loss
SalesTypeLeaseNetInvestmentInLeaseAfterAllowanceForCreditLoss
|
236611000 | usd |
CY2024Q1 | wpc |
Mortgage Loans Receivable Net
MortgageLoansReceivableNet
|
0 | usd |
CY2023Q4 | wpc |
Mortgage Loans Receivable Net
MortgageLoansReceivableNet
|
11250000 | usd |
CY2024Q1 | wpc |
Net Investment In Lease And Loans Receivable Before Allowance For Credit Loss
NetInvestmentInLeaseAndLoansReceivableBeforeAllowanceForCreditLoss
|
660585000 | usd |
CY2023Q4 | wpc |
Net Investment In Lease And Loans Receivable Before Allowance For Credit Loss
NetInvestmentInLeaseAndLoansReceivableBeforeAllowanceForCreditLoss
|
1514923000 | usd |
CY2023Q4 | wpc |
Loans Receivable Sales Type Lease Allowance For Credit Loss
LoansReceivableSalesTypeLeaseAllowanceForCreditLoss
|
2100000 | usd |
CY2024Q1 | us-gaap |
Direct Financing Lease Lease Receivable
DirectFinancingLeaseLeaseReceivable
|
206230000 | usd |
CY2023Q4 | us-gaap |
Direct Financing Lease Lease Receivable
DirectFinancingLeaseLeaseReceivable
|
285512000 | usd |
CY2024Q1 | us-gaap |
Direct Financing Lease Unguaranteed Residual Asset
DirectFinancingLeaseUnguaranteedResidualAsset
|
309214000 | usd |
CY2023Q4 | us-gaap |
Direct Financing Lease Unguaranteed Residual Asset
DirectFinancingLeaseUnguaranteedResidualAsset
|
434234000 | usd |
CY2024Q1 | wpc |
Direct Financing Lease Net Investment In Lease Excluding Deferred Selling Profit
DirectFinancingLeaseNetInvestmentInLeaseExcludingDeferredSellingProfit
|
515444000 | usd |
CY2023Q4 | wpc |
Direct Financing Lease Net Investment In Lease Excluding Deferred Selling Profit
DirectFinancingLeaseNetInvestmentInLeaseExcludingDeferredSellingProfit
|
719746000 | usd |
CY2024Q1 | us-gaap |
Direct Financing Lease Deferred Selling Profit
DirectFinancingLeaseDeferredSellingProfit
|
175997000 | usd |
CY2023Q4 | us-gaap |
Direct Financing Lease Deferred Selling Profit
DirectFinancingLeaseDeferredSellingProfit
|
251441000 | usd |
CY2024Q1 | us-gaap |
Direct Financing Lease Net Investment In Lease Allowance For Credit Loss
DirectFinancingLeaseNetInvestmentInLeaseAllowanceForCreditLoss
|
12857000 | usd |
CY2023Q4 | us-gaap |
Direct Financing Lease Net Investment In Lease Allowance For Credit Loss
DirectFinancingLeaseNetInvestmentInLeaseAllowanceForCreditLoss
|
36977000 | usd |
CY2024Q1 | us-gaap |
Direct Financing Lease Net Investment In Lease
DirectFinancingLeaseNetInvestmentInLease
|
326590000 | usd |
CY2023Q4 | us-gaap |
Direct Financing Lease Net Investment In Lease
DirectFinancingLeaseNetInvestmentInLease
|
431328000 | usd |
CY2024Q1 | wpc |
Loans Receivable Sales Type Lease Allowance For Credit Loss
LoansReceivableSalesTypeLeaseAllowanceForCreditLoss
|
17000000 | usd |
CY2024Q1 | us-gaap |
Direct Financing Lease Interest Income
DirectFinancingLeaseInterestIncome
|
8900000 | usd |
CY2023Q1 | us-gaap |
Direct Financing Lease Interest Income
DirectFinancingLeaseInterestIncome
|
12700000 | usd |
CY2024Q1 | us-gaap |
Proceeds From Collection Of Loans Receivable
ProceedsFromCollectionOfLoansReceivable
|
24000000 | usd |
CY2022Q3 | us-gaap |
Financing Receivable Allowance For Credit Losses Recovery
FinancingReceivableAllowanceForCreditLossesRecovery
|
2100000 | usd |
CY2024Q1 | us-gaap |
Proceeds From Interest Received
ProceedsFromInterestReceived
|
1400000 | usd |
CY2024Q1 | wpc |
Loans Receivable Sales Type Lease Interest Income
LoansReceivableSalesTypeLeaseInterestIncome
|
5900000 | usd |
CY2023Q1 | wpc |
Loans Receivable Sales Type Lease Interest Income
LoansReceivableSalesTypeLeaseInterestIncome
|
4800000 | usd |
CY2024Q1 | us-gaap |
Sales Type Lease Lease Receivable
SalesTypeLeaseLeaseReceivable
|
22253000 | usd |
CY2023Q4 | us-gaap |
Sales Type Lease Lease Receivable
SalesTypeLeaseLeaseReceivable
|
849881000 | usd |
CY2024Q1 | wpc |
Sales Type Lease Net Investment In Lease Excluding Deferred Selling Profit
SalesTypeLeaseNetInvestmentInLeaseExcludingDeferredSellingProfit
|
22253000 | usd |
CY2023Q4 | wpc |
Sales Type Lease Net Investment In Lease Excluding Deferred Selling Profit
SalesTypeLeaseNetInvestmentInLeaseExcludingDeferredSellingProfit
|
849881000 | usd |
CY2024Q1 | wpc |
Sales Type Lease Deferred Selling Profit
SalesTypeLeaseDeferredSellingProfit
|
1161000 | usd |
CY2023Q4 | wpc |
Sales Type Lease Deferred Selling Profit
SalesTypeLeaseDeferredSellingProfit
|
14147000 | usd |
CY2024Q1 | us-gaap |
Sales Type Lease Net Investment In Lease
SalesTypeLeaseNetInvestmentInLease
|
21092000 | usd |
CY2023Q4 | us-gaap |
Sales Type Lease Net Investment In Lease
SalesTypeLeaseNetInvestmentInLease
|
835734000 | usd |
CY2024Q1 | us-gaap |
Notes Receivable Net
NotesReceivableNet
|
679512000 | usd |
CY2023Q4 | us-gaap |
Notes Receivable Net
NotesReceivableNet
|
1554830000 | usd |
CY2024Q1 | wpc |
Intangible Assets Gross Including Goodwill
IntangibleAssetsGrossIncludingGoodwill
|
3810835000 | usd |
CY2024Q1 | us-gaap |
Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
|
1416984000 | usd |
CY2024Q1 | us-gaap |
Intangible Assets Net Including Goodwill
IntangibleAssetsNetIncludingGoodwill
|
2393851000 | usd |
CY2023Q4 | wpc |
Intangible Assets Gross Including Goodwill
IntangibleAssetsGrossIncludingGoodwill
|
3874546000 | usd |
CY2023Q4 | us-gaap |
Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
|
1435261000 | usd |
CY2023Q4 | us-gaap |
Intangible Assets Net Including Goodwill
IntangibleAssetsNetIncludingGoodwill
|
2439285000 | usd |
CY2024Q1 | wpc |
Intangible Liabilities Gross
IntangibleLiabilitiesGross
|
202807000 | usd |
CY2024Q1 | wpc |
Finite Lived Intangible Liabilities Accumulated Amortization
FiniteLivedIntangibleLiabilitiesAccumulatedAmortization
|
71290000 | usd |
CY2024Q1 | wpc |
Intangible Liabilities Net
IntangibleLiabilitiesNet
|
131517000 | usd |
CY2023Q4 | wpc |
Intangible Liabilities Gross
IntangibleLiabilitiesGross
|
203413000 | usd |
CY2023Q4 | wpc |
Finite Lived Intangible Liabilities Accumulated Amortization
FiniteLivedIntangibleLiabilitiesAccumulatedAmortization
|
66541000 | usd |
CY2023Q4 | wpc |
Intangible Liabilities Net
IntangibleLiabilitiesNet
|
136872000 | usd |
CY2024Q1 | us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
42600000 | usd |
CY2023Q1 | us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
67500000 | usd |
CY2024Q1 | us-gaap |
Derivative Asset Collateral Obligation To Return Cash Offset
DerivativeAssetCollateralObligationToReturnCashOffset
|
0 | usd |
CY2023Q4 | us-gaap |
Derivative Asset Collateral Obligation To Return Cash Offset
DerivativeAssetCollateralObligationToReturnCashOffset
|
0 | usd |
CY2024Q1 | us-gaap |
Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
|
17979000 | usd |
CY2023Q4 | us-gaap |
Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
|
15098000 | usd |
CY2024Q1 | us-gaap |
Derivative Asset Fair Value Gross Liability
DerivativeAssetFairValueGrossLiability
|
1390000 | usd |
CY2023Q4 | us-gaap |
Derivative Asset Fair Value Gross Liability
DerivativeAssetFairValueGrossLiability
|
5924000 | usd |
CY2024Q1 | us-gaap |
Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAndTax
|
6958000 | usd |
CY2023Q1 | us-gaap |
Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAndTax
|
-6863000 | usd |
CY2024Q1 | us-gaap |
Gain Loss On Derivative Instruments Net Pretax
GainLossOnDerivativeInstrumentsNetPretax
|
560000 | usd |
CY2023Q1 | us-gaap |
Gain Loss On Derivative Instruments Net Pretax
GainLossOnDerivativeInstrumentsNetPretax
|
-744000 | usd |
CY2024Q1 | us-gaap |
Derivative Remaining Maturity1
DerivativeRemainingMaturity1
|
P59M | |
CY2024Q1 | us-gaap |
Foreign Currency Cash Flow Hedge Derivative At Fair Value Net
ForeignCurrencyCashFlowHedgeDerivativeAtFairValueNet
|
15679000 | usd |
CY2024Q1 | us-gaap |
Derivative Asset Collateral Obligation To Return Cash Offset
DerivativeAssetCollateralObligationToReturnCashOffset
|
0 | usd |
CY2024Q1 | us-gaap |
Credit Derivative Maximum Exposure Undiscounted
CreditDerivativeMaximumExposureUndiscounted
|
16700000 | usd |
CY2024Q1 | us-gaap |
Derivative Net Liability Position Aggregate Fair Value
DerivativeNetLiabilityPositionAggregateFairValue
|
1400000 | usd |
CY2023Q4 | us-gaap |
Derivative Net Liability Position Aggregate Fair Value
DerivativeNetLiabilityPositionAggregateFairValue
|
5900000 | usd |
CY2024Q1 | us-gaap |
Assets Needed For Immediate Settlement Aggregate Fair Value
AssetsNeededForImmediateSettlementAggregateFairValue
|
1400000 | usd |
CY2023Q4 | us-gaap |
Assets Needed For Immediate Settlement Aggregate Fair Value
AssetsNeededForImmediateSettlementAggregateFairValue
|
6000000 | usd |
CY2024Q1 | us-gaap |
Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
|
88400000 | usd |
CY2023Q1 | us-gaap |
Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
|
-71500000 | usd |
CY2024Q1 | us-gaap |
Line Of Credit Facility Maximum Borrowing Capacity
LineOfCreditFacilityMaximumBorrowingCapacity
|
4350000000 | usd |
CY2024Q1 | us-gaap |
Debt And Capital Lease Obligations
DebtAndCapitalLeaseObligations
|
1405968000 | usd |
CY2023Q4 | us-gaap |
Debt And Capital Lease Obligations
DebtAndCapitalLeaseObligations
|
1537166000 | usd |
CY2024Q1 | us-gaap |
Debt Weighted Average Interest Rate
DebtWeightedAverageInterestRate
|
0.046 | |
CY2024Q1 | us-gaap |
Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year
LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear
|
1164157000 | usd |
CY2024Q1 | us-gaap |
Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
|
704699000 | usd |
CY2024Q1 | us-gaap |
Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
|
1525222000 | usd |
CY2024Q1 | us-gaap |
Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
|
542493000 | usd |
CY2024Q1 | us-gaap |
Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
|
1144040000 | usd |
CY2024Q1 | wpc |
Long Term Debt Maturity After Year Four
LongTermDebtMaturityAfterYearFour
|
2841679000 | usd |
CY2024Q1 | wpc |
Long Term Debt Before Unamortized Discount
LongTermDebtBeforeUnamortizedDiscount
|
7922290000 | usd |
CY2024Q1 | us-gaap |
Debt Instrument Unamortized Discount Premium Net
DebtInstrumentUnamortizedDiscountPremiumNet
|
29033000 | usd |
CY2024Q1 | us-gaap |
Deferred Finance Costs Net
DeferredFinanceCostsNet
|
20042000 | usd |
CY2024Q1 | us-gaap |
Debt Longterm And Shortterm Combined Amount
DebtLongtermAndShorttermCombinedAmount
|
7873215000 | usd |
CY2024Q1 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
8900000 | usd |
CY2023Q1 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
7800000 | usd |
CY2024Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Total Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodTotalFairValue
|
38500000 | usd |
CY2024Q1 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
159223000 | usd |
CY2024Q1 | us-gaap |
Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
|
159223000 | usd |
CY2023Q1 | us-gaap |
Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
|
294380000 | usd |
CY2023Q1 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
294380000 | usd |
CY2024Q1 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
220031597 | shares |
CY2023Q1 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
211951930 | shares |
CY2024Q1 | us-gaap |
Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
|
98273 | shares |
CY2023Q1 | us-gaap |
Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
|
393117 | shares |
CY2024Q1 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
220129870 | shares |
CY2023Q1 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
212345047 | shares |
CY2024Q1 | us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
0.865 | |
CY2024Q1 | us-gaap |
Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
|
10000000 | usd |
CY2023Q1 | us-gaap |
Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
|
10800000 | usd |
CY2024Q1 | us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
-1400000 | usd |
CY2023Q1 | us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
4400000 | usd |