2012 Q2 Form 10-Q Financial Statement
#000119312512339974 Filed on August 07, 2012
Income Statement
Concept | 2012 Q2 | 2011 Q2 |
---|---|---|
Revenue | $62.41M | $114.7M |
YoY Change | -45.58% | 68.88% |
Cost Of Revenue | $23.50M | $19.50M |
YoY Change | 20.51% | 14.04% |
Gross Profit | $41.90M | $96.80M |
YoY Change | -56.71% | 86.15% |
Gross Profit Margin | 67.14% | 84.41% |
Selling, General & Admin | $21.90M | $24.60M |
YoY Change | -10.98% | 32.26% |
% of Gross Profit | 52.27% | 25.41% |
Research & Development | ||
YoY Change | ||
% of Gross Profit | ||
Depreciation & Amortization | $7.200M | $7.300M |
YoY Change | -1.37% | 21.67% |
% of Gross Profit | 17.18% | 7.54% |
Operating Expenses | $28.40M | $53.51M |
YoY Change | -46.92% | 26.37% |
Operating Profit | $13.50M | $43.29M |
YoY Change | -68.82% | 348.26% |
Interest Expense | $7.128M | $5.355M |
YoY Change | 33.11% | 42.23% |
% of Operating Profit | 52.8% | 12.37% |
Other Income/Expense, Net | $22.59M | $42.89M |
YoY Change | -47.34% | 907.85% |
Pretax Income | $30.74M | $106.4M |
YoY Change | -71.1% | 246.5% |
Income Tax | -$1.900M | $24.76M |
% Of Pretax Income | -6.18% | 23.28% |
Net Earnings | $31.78M | $81.44M |
YoY Change | -60.98% | 247.57% |
Net Earnings / Revenue | 50.92% | 71.02% |
Basic Earnings Per Share | $0.78 | $2.02 |
Diluted Earnings Per Share | $0.77 | $1.99 |
COMMON SHARES | ||
Basic Shares Outstanding | 40.05M shares | 39.78M shares |
Diluted Shares Outstanding | 40.76M shares | 40.24M shares |
Balance Sheet
Concept | 2012 Q2 | 2011 Q2 |
---|---|---|
SHORT-TERM ASSETS | ||
Cash & Short-Term Investments | $40.00M | $26.00M |
YoY Change | 53.85% | -33.33% |
Cash & Equivalents | $39.80M | $26.46M |
Short-Term Investments | ||
Other Short-Term Assets | ||
YoY Change | ||
Inventory | ||
Prepaid Expenses | ||
Receivables | $34.00M | $32.00M |
Other Receivables | $0.00 | $0.00 |
Total Short-Term Assets | $74.00M | $58.00M |
YoY Change | 27.59% | -14.71% |
LONG-TERM ASSETS | ||
Property, Plant & Equipment | $579.0M | $628.0M |
YoY Change | -7.8% | 18.05% |
Goodwill | ||
YoY Change | ||
Intangibles | ||
YoY Change | ||
Long-Term Investments | $552.6M | $528.0M |
YoY Change | 4.65% | 68.69% |
Other Assets | ||
YoY Change | ||
Total Long-Term Assets | $1.365B | $1.402B |
YoY Change | -2.65% | 32.74% |
TOTAL ASSETS | ||
Total Short-Term Assets | $74.00M | $58.00M |
Total Long-Term Assets | $1.365B | $1.402B |
Total Assets | $1.439B | $1.460B |
YoY Change | -1.44% | 29.87% |
SHORT-TERM LIABILITIES | ||
YoY Change | ||
Accounts Payable | $63.00M | $65.00M |
YoY Change | -3.08% | 41.3% |
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 | $124.0M | $145.0M |
YoY Change | -14.48% | 36.79% |
LONG-TERM LIABILITIES | ||
Long-Term Debt | $580.0M | $576.0M |
YoY Change | 0.69% | 52.38% |
Other Long-Term Liabilities | ||
YoY Change | ||
Total Long-Term Liabilities | $580.0M | $576.0M |
YoY Change | 0.69% | 52.38% |
TOTAL LIABILITIES | ||
Total Short-Term Liabilities | $124.0M | $145.0M |
Total Long-Term Liabilities | $580.0M | $576.0M |
Total Liabilities | $703.3M | $720.9M |
YoY Change | -2.45% | 41.91% |
SHAREHOLDERS EQUITY | ||
Retained Earnings | ||
YoY Change | ||
Common Stock | ||
YoY Change | ||
Preferred Stock | ||
YoY Change | ||
Treasury Stock (at cost) | ||
YoY Change | ||
Treasury Stock Shares | ||
Shareholders Equity | $695.0M | $693.3M |
YoY Change | ||
Total Liabilities & Shareholders Equity | $1.439B | $1.460B |
YoY Change | -1.44% | 29.87% |
Cashflow Statement
Concept | 2012 Q2 | 2011 Q2 |
---|---|---|
OPERATING ACTIVITIES | ||
Net Income | $31.78M | $81.44M |
YoY Change | -60.98% | 247.57% |
Depreciation, Depletion And Amortization | $7.200M | $7.300M |
YoY Change | -1.37% | 21.67% |
Cash From Operating Activities | $15.90M | $41.90M |
YoY Change | -62.05% | 84.58% |
INVESTING ACTIVITIES | ||
Capital Expenditures | -$300.0K | -$24.80M |
YoY Change | -98.79% | -12.68% |
Acquisitions | ||
YoY Change | ||
Other Investing Activities | $32.30M | -$112.1M |
YoY Change | -128.81% | -18783.33% |
Cash From Investing Activities | $31.90M | -$136.9M |
YoY Change | -123.3% | 392.45% |
FINANCING ACTIVITIES | ||
Cash Dividend Paid | ||
YoY Change | ||
Common Stock Issuance & Retirement, Net | ||
YoY Change | ||
Debt Paid & Issued, Net | ||
YoY Change | ||
Cash From Financing Activities | -38.30M | 87.20M |
YoY Change | -143.92% | 626.67% |
NET CHANGE | ||
Cash From Operating Activities | 15.90M | 41.90M |
Cash From Investing Activities | 31.90M | -136.9M |
Cash From Financing Activities | -38.30M | 87.20M |
Net Change In Cash | 9.500M | -7.800M |
YoY Change | -221.79% | -213.04% |
FREE CASH FLOW | ||
Cash From Operating Activities | $15.90M | $41.90M |
Capital Expenditures | -$300.0K | -$24.80M |
Free Cash Flow | $16.20M | $66.70M |
YoY Change | -75.71% | 30.53% |
Facts In Submission
Frame | Concept Type | Concept / XBRL Key | Value | Unit |
---|---|---|---|---|
us-gaap |
Management Fees Revenue
ManagementFeesRevenue
|
31238000 | USD | |
us-gaap |
Investment Banking Revenue
InvestmentBankingRevenue
|
11260000 | USD | |
wpc |
Wholesaling Revenue
WholesalingRevenue
|
7867000 | USD | |
us-gaap |
Reimbursement Revenue
ReimbursementRevenue
|
39221000 | USD | |
wpc |
Lease Revenues
LeaseRevenues
|
34859000 | USD | |
us-gaap |
Other Real Estate Revenue
OtherRealEstateRevenue
|
12984000 | USD | |
us-gaap |
Revenues
Revenues
|
137429000 | USD | |
us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
53491000 | USD | |
us-gaap |
Cost Of Reimbursable Expense
CostOfReimbursableExpense
|
39221000 | USD | |
us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
13528000 | USD | |
us-gaap |
Other Cost Of Operating Revenue
OtherCostOfOperatingRevenue
|
4930000 | USD | |
us-gaap |
Costs And Expenses
CostsAndExpenses
|
120819000 | USD | |
us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
42331000 | USD | |
us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
1524000 | USD | |
us-gaap |
Interest Expense
InterestExpense
|
14591000 | USD | |
us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
29922000 | USD | |
us-gaap |
Management Fees Revenue
ManagementFeesRevenue
|
36439000 | USD | |
us-gaap |
Investment Banking Revenue
InvestmentBankingRevenue
|
21680000 | USD | |
wpc |
Wholesaling Revenue
WholesalingRevenue
|
6202000 | USD | |
us-gaap |
Reimbursement Revenue
ReimbursementRevenue
|
34778000 | USD | |
wpc |
Lease Revenues
LeaseRevenues
|
30089000 | USD | |
us-gaap |
Other Real Estate Revenue
OtherRealEstateRevenue
|
10992000 | USD | |
us-gaap |
Revenues
Revenues
|
192695000 | USD | |
us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
45908000 | USD | |
us-gaap |
Cost Of Reimbursable Expense
CostOfReimbursableExpense
|
34778000 | USD | |
us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
10501000 | USD | |
us-gaap |
Other Cost Of Operating Revenue
OtherCostOfOperatingRevenue
|
5499000 | USD | |
us-gaap |
Costs And Expenses
CostsAndExpenses
|
102394000 | USD | |
us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
21288000 | USD | |
dei |
Document Type
DocumentType
|
10-Q | ||
dei |
Document Period End Date
DocumentPeriodEndDate
|
2012-06-30 | ||
dei |
Amendment Flag
AmendmentFlag
|
false | ||
dei |
Document Fiscal Year Focus
DocumentFiscalYearFocus
|
2012 | ||
dei |
Entity Central Index Key
EntityCentralIndexKey
|
0001025378 | ||
dei |
Current Fiscal Year End Date
CurrentFiscalYearEndDate
|
--12-31 | ||
dei |
Entity Current Reporting Status
EntityCurrentReportingStatus
|
Yes | ||
dei |
Entity Filer Category
EntityFilerCategory
|
Large Accelerated Filer | ||
dei |
Entity Registrant Name
EntityRegistrantName
|
W P CAREY & CO LLC | ||
dei |
Entity Voluntary Filers
EntityVoluntaryFilers
|
No | ||
dei |
Document Fiscal Period Focus
DocumentFiscalPeriodFocus
|
Q2 | ||
us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
5239000 | USD | |
us-gaap |
Interest Expense
InterestExpense
|
9671000 | USD | |
us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
45950000 | USD | |
us-gaap |
Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
|
46719000 | USD | |
dei |
Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
|
Yes | ||
us-gaap |
Discontinued Operation Income Loss From Discontinued Operation During Phase Out Period Net Of Tax
DiscontinuedOperationIncomeLossFromDiscontinuedOperationDuringPhaseOutPeriodNetOfTax
|
-273000 | USD | |
us-gaap |
Discontinued Operation Gain Loss On Disposal Of Discontinued Operation Net Of Tax
DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax
|
-479000 | USD | |
CY2012Q3 | dei |
Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
|
40358186 | shares |
CY2012Q2 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
100000000 | shares |
CY2012Q2 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
40358186 | shares |
CY2012Q2 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
40358186 | shares |
CY2011Q4 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
100000000 | shares |
CY2011Q4 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
39729018 | shares |
CY2011Q4 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
39729018 | shares |
CY2012Q2 | us-gaap |
Real Estate Investments Other
RealEstateInvestmentsOther
|
110028000 | USD |
CY2012Q2 | us-gaap |
Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
|
127139000 | USD |
CY2012Q2 | us-gaap |
Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
|
578809000 | USD |
CY2012Q2 | us-gaap |
Capital Leases Net Investment In Direct Financing Leases
CapitalLeasesNetInvestmentInDirectFinancingLeases
|
57872000 | USD |
CY2012Q2 | us-gaap |
Equity Method Investments
EquityMethodInvestments
|
552552000 | USD |
CY2012Q2 | wpc |
Net Investments In Real Estate
NetInvestmentsInRealEstate
|
1189233000 | USD |
CY2012Q2 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
39800000 | USD |
CY2012Q2 | us-gaap |
Due From Affiliates
DueFromAffiliates
|
33908000 | USD |
CY2012Q2 | us-gaap |
Other Assets
OtherAssets
|
54272000 | USD |
CY2012Q2 | us-gaap |
Assets
Assets
|
1438615000 | USD |
CY2011Q4 | us-gaap |
Rental Properties
RentalProperties
|
646482000 | USD |
CY2011Q4 | us-gaap |
Real Estate Investments Other
RealEstateInvestmentsOther
|
109875000 | USD |
CY2011Q4 | us-gaap |
Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
|
135175000 | USD |
CY2011Q4 | us-gaap |
Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
|
621182000 | USD |
CY2011Q4 | us-gaap |
Capital Leases Net Investment In Direct Financing Leases
CapitalLeasesNetInvestmentInDirectFinancingLeases
|
58000000 | USD |
CY2011Q4 | us-gaap |
Equity Method Investments
EquityMethodInvestments
|
538749000 | USD |
CY2011Q4 | wpc |
Net Investments In Real Estate
NetInvestmentsInRealEstate
|
1217931000 | USD |
CY2011Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
29297000 | USD |
CY2011Q4 | us-gaap |
Due From Affiliates
DueFromAffiliates
|
38369000 | USD |
CY2011Q4 | us-gaap |
Other Assets
OtherAssets
|
51069000 | USD |
CY2011Q4 | us-gaap |
Assets
Assets
|
1462623000 | USD |
CY2012Q2 | us-gaap |
Secured Debt
SecuredDebt
|
346532000 | USD |
CY2012Q2 | us-gaap |
Line Of Credit
LineOfCredit
|
233160000 | USD |
CY2012Q2 | wpc |
Income Taxes Net
IncomeTaxesNet
|
37652000 | USD |
CY2012Q2 | us-gaap |
Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
|
22960000 | USD |
CY2012Q2 | us-gaap |
Liabilities
Liabilities
|
703252000 | USD |
CY2012Q2 | us-gaap |
Temporary Equity Redemption Value
TemporaryEquityRedemptionValue
|
6788000 | USD |
CY2012Q2 | us-gaap |
Accumulated Distributions In Excess Of Net Income
AccumulatedDistributionsInExcessOfNetIncome
|
99653000 | USD |
CY2012Q2 | us-gaap |
Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
-11096000 | USD |
CY2012Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
694978000 | USD |
CY2012Q2 | us-gaap |
Minority Interest
MinorityInterest
|
33597000 | USD |
CY2012Q2 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
728575000 | USD |
CY2012Q2 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
1438615000 | USD |
CY2011Q4 | us-gaap |
Secured Debt
SecuredDebt
|
356209000 | USD |
CY2011Q4 | us-gaap |
Line Of Credit
LineOfCredit
|
233160000 | USD |
CY2011Q4 | wpc |
Income Taxes Net
IncomeTaxesNet
|
44783000 | USD |
CY2011Q4 | us-gaap |
Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
|
22314000 | USD |
CY2011Q4 | us-gaap |
Liabilities
Liabilities
|
738521000 | USD |
CY2011Q4 | us-gaap |
Temporary Equity Redemption Value
TemporaryEquityRedemptionValue
|
7700000 | USD |
CY2011Q4 | us-gaap |
Accumulated Distributions In Excess Of Net Income
AccumulatedDistributionsInExcessOfNetIncome
|
95046000 | USD |
CY2011Q4 | us-gaap |
Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
-8507000 | USD |
CY2011Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
682581000 | USD |
CY2011Q4 | us-gaap |
Minority Interest
MinorityInterest
|
33821000 | USD |
CY2011Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
716402000 | USD |
CY2011Q4 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
1462623000 | USD |
CY2012Q2 | us-gaap |
Rental Properties
RentalProperties
|
595920000 | USD |
CY2012Q2 | wpc |
Listed Shares
ListedShares
|
798036000 | USD |
CY2011Q4 | wpc |
Listed Shares
ListedShares
|
779071000 | USD |
CY2012Q2 | us-gaap |
Deferred Compensation Equity
DeferredCompensationEquity
|
-7691000 | USD |
CY2011Q4 | us-gaap |
Deferred Compensation Equity
DeferredCompensationEquity
|
-7063000 | USD |
CY2012Q2 | wpc |
Intangible Assets Net Including Goodwill
IntangibleAssetsNetIncludingGoodwill
|
121402000 | USD |
CY2011Q4 | wpc |
Intangible Assets Net Including Goodwill
IntangibleAssetsNetIncludingGoodwill
|
125957000 | USD |
CY2011Q4 | us-gaap |
Accounts Payable And Accrued Liabilities Current And Noncurrent
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
|
82055000 | USD |
CY2012Q2 | us-gaap |
Accounts Payable And Accrued Liabilities Current And Noncurrent
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
|
62948000 | USD |
CY2012Q2 | us-gaap |
Commitments And Contingencies
CommitmentsAndContingencies
|
0 | USD |
CY2011Q4 | us-gaap |
Commitments And Contingencies
CommitmentsAndContingencies
|
0 | USD |
us-gaap |
Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
|
1.17 | ||
us-gaap |
Discontinued Operation Provision For Loss Gain On Disposal Net Of Tax
DiscontinuedOperationProvisionForLossGainOnDisposalNetOfTax
|
3068000 | USD | |
us-gaap |
Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
|
-3820000 | USD | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
44067000 | USD | |
CY2011Q2 | us-gaap |
Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
|
2.03 | |
CY2012Q2 | us-gaap |
Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
|
-0.01 | |
us-gaap |
Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
|
-0.09 | ||
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
1.08 | ||
us-gaap |
Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
|
1.15 | ||
us-gaap |
Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
|
-0.09 | ||
us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
1.06 | ||
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
40218677 | shares | |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
40828646 | shares | |
us-gaap |
Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
|
-3820000 | USD | |
us-gaap |
Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
|
103654000 | USD | |
us-gaap |
Discontinued Operation Income Loss From Discontinued Operation During Phase Out Period Net Of Tax
DiscontinuedOperationIncomeLossFromDiscontinuedOperationDuringPhaseOutPeriodNetOfTax
|
403000 | USD | |
us-gaap |
Discontinued Operation Gain Loss On Disposal Of Discontinued Operation Net Of Tax
DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax
|
660000 | USD | |
us-gaap |
Discontinued Operation Provision For Loss Gain On Disposal Net Of Tax
DiscontinuedOperationProvisionForLossGainOnDisposalNetOfTax
|
41000 | USD | |
us-gaap |
Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
|
1022000 | USD | |
us-gaap |
Profit Loss
ProfitLoss
|
104676000 | USD | |
us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
-714000 | USD | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
104786000 | USD | |
us-gaap |
Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
|
2.57 | ||
us-gaap |
Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
|
0.03 | ||
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
2.60 | ||
us-gaap |
Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
|
2.55 | ||
us-gaap |
Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
|
0.03 | ||
us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
2.58 | ||
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
39760676 | shares | |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
40192418 | shares | |
us-gaap |
Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
|
1022000 | USD | |
us-gaap |
Net Income Loss Attributable To Redeemable Noncontrolling Interest
NetIncomeLossAttributableToRedeemableNoncontrollingInterest
|
604000 | USD | |
us-gaap |
Net Income Loss Attributable To Redeemable Noncontrolling Interest
NetIncomeLossAttributableToRedeemableNoncontrollingInterest
|
-110000 | USD | |
us-gaap |
Profit Loss
ProfitLoss
|
42899000 | USD | |
us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
-1058000 | USD | |
us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
1.132 | ||
us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
1.062 | ||
us-gaap |
Income Tax Expense Benefit Continuing Operations
IncomeTaxExpenseBenefitContinuingOperations
|
32597000 | USD | |
us-gaap |
Income Tax Expense Benefit Continuing Operations
IncomeTaxExpenseBenefitContinuingOperations
|
-187000 | USD | |
CY2011Q2 | us-gaap |
Occupancy Net
OccupancyNet
|
2819000 | USD |
CY2011Q2 | wpc |
Interest Income Other
InterestIncomeOther
|
560000 | USD |
CY2011Q2 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
106374000 | USD |
us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
46532000 | USD | |
us-gaap |
Occupancy Net
OccupancyNet
|
5989000 | USD | |
wpc |
Interest Income Other
InterestIncomeOther
|
658000 | USD | |
us-gaap |
Occupancy Net
OccupancyNet
|
5708000 | USD | |
us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
136251000 | USD | |
wpc |
Interest Income Other
InterestIncomeOther
|
1235000 | USD | |
CY2012Q2 | wpc |
Interest Income Other
InterestIncomeOther
|
155000 | USD |
CY2012Q2 | us-gaap |
Income Tax Expense Benefit Continuing Operations
IncomeTaxExpenseBenefitContinuingOperations
|
-1882000 | USD |
CY2012Q2 | us-gaap |
Costs And Expenses
CostsAndExpenses
|
60637000 | USD |
CY2012Q2 | us-gaap |
Management Fees Revenue
ManagementFeesRevenue
|
15636000 | USD |
CY2012Q2 | us-gaap |
Profit Loss
ProfitLoss
|
31230000 | USD |
CY2012Q2 | us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
6733000 | USD |
CY2012Q2 | us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
28345000 | USD |
CY2012Q2 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
29877000 | USD |
CY2012Q2 | us-gaap |
Revenues
Revenues
|
68042000 | USD |
CY2012Q2 | wpc |
Wholesaling Revenue
WholesalingRevenue
|
4080000 | USD |
CY2012Q2 | us-gaap |
Discontinued Operation Gain Loss On Disposal Of Discontinued Operation Net Of Tax
DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax
|
-298000 | USD |
CY2012Q2 | us-gaap |
Net Income Loss Attributable To Redeemable Noncontrolling Interest
NetIncomeLossAttributableToRedeemableNoncontrollingInterest
|
-67000 | USD |
CY2012Q2 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
26582000 | USD |
CY2012Q2 | us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
22472000 | USD |
CY2012Q2 | us-gaap |
Other Cost Of Operating Revenue
OtherCostOfOperatingRevenue
|
2431000 | USD |
CY2012Q2 | us-gaap |
Discontinued Operation Income Loss From Discontinued Operation During Phase Out Period Net Of Tax
DiscontinuedOperationIncomeLossFromDiscontinuedOperationDuringPhaseOutPeriodNetOfTax
|
-231000 | USD |
CY2012Q2 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
1218000 | USD |
CY2012Q2 | us-gaap |
Reimbursement Revenue
ReimbursementRevenue
|
20484000 | USD |
CY2012Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
31777000 | USD |
CY2012Q2 | us-gaap |
Occupancy Net
OccupancyNet
|
3404000 | USD |
CY2012Q2 | us-gaap |
Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
|
31759000 | USD |
CY2012Q2 | us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
-480000 | USD |
CY2012Q2 | us-gaap |
Cost Of Reimbursable Expense
CostOfReimbursableExpense
|
20484000 | USD |
CY2012Q2 | wpc |
Lease Revenues
LeaseRevenues
|
17228000 | USD |
CY2012Q2 | us-gaap |
Other Real Estate Revenue
OtherRealEstateRevenue
|
6992000 | USD |
CY2012Q2 | us-gaap |
Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
|
-529000 | USD |
CY2012Q2 | us-gaap |
Investment Banking Revenue
InvestmentBankingRevenue
|
3622000 | USD |
CY2012Q2 | us-gaap |
Interest Expense
InterestExpense
|
7246000 | USD |
CY2012Q2 | us-gaap |
Discontinued Operation Provision For Loss Gain On Disposal Net Of Tax
DiscontinuedOperationProvisionForLossGainOnDisposalNetOfTax
|
0 | USD |
CY2011Q2 | us-gaap |
Management Fees Revenue
ManagementFeesRevenue
|
16619000 | USD |
CY2011Q2 | us-gaap |
Investment Banking Revenue
InvestmentBankingRevenue
|
5735000 | USD |
CY2011Q2 | wpc |
Wholesaling Revenue
WholesalingRevenue
|
2922000 | USD |
CY2011Q2 | us-gaap |
Reimbursement Revenue
ReimbursementRevenue
|
17059000 | USD |
CY2011Q2 | wpc |
Lease Revenues
LeaseRevenues
|
16217000 | USD |
CY2011Q2 | us-gaap |
Other Real Estate Revenue
OtherRealEstateRevenue
|
5709000 | USD |
CY2011Q2 | us-gaap |
Revenues
Revenues
|
116776000 | USD |
CY2011Q2 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
24585000 | USD |
CY2011Q2 | us-gaap |
Cost Of Reimbursable Expense
CostOfReimbursableExpense
|
17059000 | USD |
CY2011Q2 | us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
5891000 | USD |
CY2011Q2 | us-gaap |
Other Cost Of Operating Revenue
OtherCostOfOperatingRevenue
|
2942000 | USD |
CY2011Q2 | us-gaap |
Costs And Expenses
CostsAndExpenses
|
53296000 | USD |
CY2011Q2 | us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
15072000 | USD |
CY2011Q2 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
4758000 | USD |
CY2011Q2 | us-gaap |
Interest Expense
InterestExpense
|
5355000 | USD |
CY2011Q2 | us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
42894000 | USD |
CY2011Q2 | us-gaap |
Income Tax Expense Benefit Continuing Operations
IncomeTaxExpenseBenefitContinuingOperations
|
25030000 | USD |
CY2011Q2 | us-gaap |
Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
|
81344000 | USD |
CY2011Q2 | us-gaap |
Discontinued Operation Income Loss From Discontinued Operation During Phase Out Period Net Of Tax
DiscontinuedOperationIncomeLossFromDiscontinuedOperationDuringPhaseOutPeriodNetOfTax
|
-122000 | USD |
CY2011Q2 | us-gaap |
Discontinued Operation Gain Loss On Disposal Of Discontinued Operation Net Of Tax
DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax
|
-121000 | USD |
CY2011Q2 | us-gaap |
Discontinued Operation Provision For Loss Gain On Disposal Net Of Tax
DiscontinuedOperationProvisionForLossGainOnDisposalNetOfTax
|
41000 | USD |
CY2011Q2 | us-gaap |
Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
|
-284000 | USD |
CY2011Q2 | us-gaap |
Profit Loss
ProfitLoss
|
81060000 | USD |
CY2011Q2 | us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
-384000 | USD |
CY2011Q2 | us-gaap |
Net Income Loss Attributable To Redeemable Noncontrolling Interest
NetIncomeLossAttributableToRedeemableNoncontrollingInterest
|
1000 | USD |
CY2011Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
81443000 | USD |
CY2012Q2 | us-gaap |
Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
|
0.79 | |
CY2011Q2 | us-gaap |
Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
|
-0.01 | |
CY2012Q2 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.78 | |
CY2011Q2 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
2.02 | |
CY2012Q2 | us-gaap |
Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
|
0.78 | |
CY2011Q2 | us-gaap |
Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
|
2.00 | |
CY2012Q2 | us-gaap |
Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
|
-0.01 | |
CY2011Q2 | us-gaap |
Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
|
-0.01 | |
CY2012Q2 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.77 | |
CY2011Q2 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
1.99 | |
CY2011Q2 | us-gaap |
Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
|
-284000 | USD |
CY2011Q2 | us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
0.550 | |
CY2012Q2 | us-gaap |
Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
|
-529000 | USD |
CY2012Q2 | us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
0.567 | |
wpc |
Incentive Termination And Subordinated Disposition Revenue
IncentiveTerminationAndSubordinatedDispositionRevenue
|
0 | USD | |
CY2012Q2 | wpc |
Incentive Termination And Subordinated Disposition Revenue
IncentiveTerminationAndSubordinatedDispositionRevenue
|
0 | USD |
CY2011Q2 | wpc |
Incentive Termination And Subordinated Disposition Revenue
IncentiveTerminationAndSubordinatedDispositionRevenue
|
52515000 | USD |
wpc |
Incentive Termination And Subordinated Disposition Revenue
IncentiveTerminationAndSubordinatedDispositionRevenue
|
52515000 | USD | |
wpc |
Gain On Change In Control Of Interests
GainOnChangeInControlOfInterests
|
27859000 | USD | |
CY2012Q2 | wpc |
Gain On Change In Control Of Interests
GainOnChangeInControlOfInterests
|
0 | USD |
CY2011Q2 | wpc |
Gain On Change In Control Of Interests
GainOnChangeInControlOfInterests
|
27859000 | USD |
wpc |
Gain On Change In Control Of Interests
GainOnChangeInControlOfInterests
|
0 | USD | |
CY2011Q2 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
39782796 | shares |
CY2011Q2 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
40243548 | shares |
CY2012Q2 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
40047220 | shares |
CY2012Q2 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
40757055 | shares |
us-gaap |
Impairment Of Real Estate
ImpairmentOfRealEstate
|
3660000 | USD | |
CY2012Q2 | us-gaap |
Impairment Of Real Estate
ImpairmentOfRealEstate
|
1003000 | USD |
CY2011Q2 | us-gaap |
Impairment Of Real Estate
ImpairmentOfRealEstate
|
0 | USD |
us-gaap |
Impairment Of Real Estate
ImpairmentOfRealEstate
|
0 | USD | |
us-gaap |
Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Period Increase Decrease
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPeriodIncreaseDecrease
|
-2305000 | USD | |
us-gaap |
Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
|
-581000 | USD | |
us-gaap |
Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
|
-5000 | USD | |
us-gaap |
Other Comprehensive Income Loss Net Of Tax Period Increase Decrease
OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecrease
|
-2891000 | USD | |
us-gaap |
Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
|
40008000 | USD | |
us-gaap |
Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToNoncontrollingInterest
|
-297000 | USD | |
us-gaap |
Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
|
-1355000 | USD | |
wpc |
Comprehensive Income Attributable To Redeemable Noncontrolling Interests
ComprehensiveIncomeAttributableToRedeemableNoncontrollingInterests
|
115000 | USD | |
us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
41478000 | USD | |
us-gaap |
Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Period Increase Decrease
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPeriodIncreaseDecrease
|
7671000 | USD | |
us-gaap |
Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
|
-239000 | USD | |
us-gaap |
Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
|
-3000 | USD | |
us-gaap |
Other Comprehensive Income Loss Net Of Tax Period Increase Decrease
OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecrease
|
7429000 | USD | |
us-gaap |
Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
|
112105000 | USD | |
us-gaap |
Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToNoncontrollingInterest
|
1053000 | USD | |
us-gaap |
Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
|
339000 | USD | |
wpc |
Comprehensive Income Attributable To Redeemable Noncontrolling Interests
ComprehensiveIncomeAttributableToRedeemableNoncontrollingInterests
|
-613000 | USD | |
us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
111153000 | USD | |
CY2012Q2 | us-gaap |
Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Period Increase Decrease
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPeriodIncreaseDecrease
|
-4823000 | USD |
CY2012Q2 | us-gaap |
Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
|
-937000 | USD |
CY2012Q2 | us-gaap |
Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
|
-2000 | USD |
CY2012Q2 | us-gaap |
Other Comprehensive Income Loss Net Of Tax Period Increase Decrease
OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecrease
|
-5762000 | USD |
CY2012Q2 | us-gaap |
Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
|
25468000 | USD |
CY2012Q2 | us-gaap |
Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToNoncontrollingInterest
|
-628000 | USD |
CY2012Q2 | us-gaap |
Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
|
-1108000 | USD |
CY2012Q2 | wpc |
Comprehensive Income Attributable To Redeemable Noncontrolling Interests
ComprehensiveIncomeAttributableToRedeemableNoncontrollingInterests
|
81000 | USD |
CY2012Q2 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
26657000 | USD |
CY2011Q2 | us-gaap |
Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Period Increase Decrease
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPeriodIncreaseDecrease
|
1945000 | USD |
CY2011Q2 | us-gaap |
Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToNoncontrollingInterest
|
278000 | USD |
CY2011Q2 | us-gaap |
Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
|
-2000 | USD |
CY2011Q2 | us-gaap |
Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
|
81942000 | USD |
CY2011Q2 | us-gaap |
Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
|
-106000 | USD |
CY2011Q2 | us-gaap |
Other Comprehensive Income Loss Net Of Tax Period Increase Decrease
OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecrease
|
882000 | USD |
CY2011Q2 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
82045000 | USD |
CY2011Q2 | us-gaap |
Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
|
-1061000 | USD |
CY2011Q2 | wpc |
Comprehensive Income Attributable To Redeemable Noncontrolling Interests
ComprehensiveIncomeAttributableToRedeemableNoncontrollingInterests
|
-3000 | USD |
us-gaap |
Temporary Equity Foreign Currency Translation Adjustments
TemporaryEquityForeignCurrencyTranslationAdjustments
|
5000 | USD | |
CY2012Q2 | us-gaap |
Temporary Equity Foreign Currency Translation Adjustments
TemporaryEquityForeignCurrencyTranslationAdjustments
|
14000 | USD |
CY2011Q2 | us-gaap |
Temporary Equity Foreign Currency Translation Adjustments
TemporaryEquityForeignCurrencyTranslationAdjustments
|
-2000 | USD |
us-gaap |
Temporary Equity Foreign Currency Translation Adjustments
TemporaryEquityForeignCurrencyTranslationAdjustments
|
-9000 | USD | |
wpc |
Depreciation And Amortization Including Intangible Assets And Deferred Financing Costs
DepreciationAndAmortizationIncludingIntangibleAssetsAndDeferredFinancingCosts
|
15054000 | USD | |
us-gaap |
Income Loss From Equity Method Investments Net Of Dividends Or Distributions
IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions
|
17013000 | USD | |
wpc |
Straight Line Rent Adjustments
StraightLineRentAdjustments
|
2016000 | USD | |
us-gaap |
Gain Loss On Sale Of Properties
GainLossOnSaleOfProperties
|
1505000 | USD | |
wpc |
Management Income Received In Shares Of Affiliates
ManagementIncomeReceivedInSharesOfAffiliates
|
-14005000 | USD | |
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
9755000 | USD | |
wpc |
Deferred Acquisition Revenue Received
DeferredAcquisitionRevenueReceived
|
-13322000 | USD | |
wpc |
Increase Decrease In Structuring Revenue Receivable
IncreaseDecreaseInStructuringRevenueReceivable
|
-4906000 | USD | |
us-gaap |
Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
|
20142000 | USD | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
11805000 | USD | |
us-gaap |
Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
|
180000 | USD | |
us-gaap |
Payments To Develop Real Estate Assets
PaymentsToDevelopRealEstateAssets
|
1812000 | USD | |
us-gaap |
Proceeds From Sale Of Real Estate Heldforinvestment
ProceedsFromSaleOfRealEstateHeldforinvestment
|
25195000 | USD | |
us-gaap |
Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
|
198000 | USD | |
wpc |
Funds Placed In Escrow In Connection With Sale Of Property
FundsPlacedInEscrowInConnectionWithSaleOfProperty
|
5577000 | USD | |
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
41380000 | USD | |
us-gaap |
Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
|
46013000 | USD | |
us-gaap |
Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
|
1480000 | USD | |
us-gaap |
Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
|
1165000 | USD | |
us-gaap |
Repayments Of Secured Debt
RepaymentsOfSecuredDebt
|
10262000 | USD | |
us-gaap |
Proceeds From Issuance Of Secured Debt
ProceedsFromIssuanceOfSecuredDebt
|
1250000 | USD | |
us-gaap |
Proceeds From Unsecured Lines Of Credit
ProceedsFromUnsecuredLinesOfCredit
|
15000000 | USD | |
us-gaap |
Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
|
15000000 | USD | |
us-gaap |
Excess Tax Benefit From Share Based Compensation Financing Activities
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
|
6607000 | USD | |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-42534000 | USD | |
us-gaap |
Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
|
-148000 | USD | |
us-gaap |
Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
|
10503000 | USD | |
wpc |
Depreciation And Amortization Including Intangible Assets And Deferred Financing Costs
DepreciationAndAmortizationIncludingIntangibleAssetsAndDeferredFinancingCosts
|
12782000 | USD | |
us-gaap |
Income Loss From Equity Method Investments Net Of Dividends Or Distributions
IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions
|
-223000 | USD | |
wpc |
Straight Line Rent Adjustments
StraightLineRentAdjustments
|
1386000 | USD | |
us-gaap |
Gain Loss On Sale Of Properties
GainLossOnSaleOfProperties
|
660000 | USD | |
wpc |
Management Income Received In Shares Of Affiliates
ManagementIncomeReceivedInSharesOfAffiliates
|
-52142000 | USD | |
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
8628000 | USD | |
wpc |
Deferred Acquisition Revenue Received
DeferredAcquisitionRevenueReceived
|
-15462000 | USD | |
wpc |
Increase Decrease In Structuring Revenue Receivable
IncreaseDecreaseInStructuringRevenueReceivable
|
-9222000 | USD | |
us-gaap |
Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
|
11543000 | USD | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
48594000 | USD | |
us-gaap |
Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
|
2297000 | USD | |
us-gaap |
Payments To Develop Real Estate Assets
PaymentsToDevelopRealEstateAssets
|
1375000 | USD | |
us-gaap |
Proceeds From Sale Of Real Estate Heldforinvestment
ProceedsFromSaleOfRealEstateHeldforinvestment
|
10643000 | USD | |
us-gaap |
Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
|
777000 | USD | |
wpc |
Funds Placed In Escrow In Connection With Sale Of Property
FundsPlacedInEscrowInConnectionWithSaleOfProperty
|
3899000 | USD | |
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-127811000 | USD | |
us-gaap |
Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
|
40849000 | USD | |
us-gaap |
Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
|
1459000 | USD | |
us-gaap |
Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
|
2822000 | USD | |
us-gaap |
Repayments Of Secured Debt
RepaymentsOfSecuredDebt
|
9897000 | USD | |
us-gaap |
Proceeds From Issuance Of Secured Debt
ProceedsFromIssuanceOfSecuredDebt
|
7438000 | USD | |
us-gaap |
Proceeds From Unsecured Lines Of Credit
ProceedsFromUnsecuredLinesOfCredit
|
231410000 | USD | |
us-gaap |
Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
|
140000000 | USD | |
us-gaap |
Excess Tax Benefit From Share Based Compensation Financing Activities
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
|
872000 | USD | |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
40296000 | USD | |
us-gaap |
Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
|
689000 | USD | |
us-gaap |
Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
|
-38232000 | USD | |
CY2010Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
64693000 | USD |
CY2011Q2 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
26461000 | USD |
wpc |
Funds Released From Escrow In Connection With Sale Of Property
FundsReleasedFromEscrowInConnectionWithSaleOfProperty
|
7647000 | USD | |
wpc |
Funds Released From Escrow In Connection With Sale Of Property
FundsReleasedFromEscrowInConnectionWithSaleOfProperty
|
2030000 | USD | |
us-gaap |
Payments Of Financing Costs
PaymentsOfFinancingCosts
|
123000 | USD | |
us-gaap |
Payments Of Financing Costs
PaymentsOfFinancingCosts
|
831000 | USD | |
us-gaap |
Deferred Revenue Revenue Recognized
DeferredRevenueRevenueRecognized
|
-4718000 | USD | |
us-gaap |
Deferred Revenue Revenue Recognized
DeferredRevenueRevenueRecognized
|
-1573000 | USD | |
wpc |
Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans1
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlans1
|
5692000 | USD | |
wpc |
Gain On Conversion Of Shares
GainOnConversionOfShares
|
0 | USD | |
us-gaap |
Asset Impairment Charges
AssetImpairmentCharges
|
6728000 | USD | |
us-gaap |
Foreign Currency Transaction Gain Loss Realized
ForeignCurrencyTransactionGainLossRealized
|
-535000 | USD | |
us-gaap |
Payments To Acquire Additional Interest In Subsidiaries
PaymentsToAcquireAdditionalInterestInSubsidiaries
|
0 | USD | |
us-gaap |
Payments To Acquire Interest In Subsidiaries And Affiliates
PaymentsToAcquireInterestInSubsidiariesAndAffiliates
|
0 | USD | |
wpc |
Proceeds From Collection Of Short Term Loans To Related Parties
ProceedsFromCollectionOfShortTermLoansToRelatedParties
|
0 | USD | |
wpc |
Payments To Short Term Loans To Related Parties
PaymentsToShortTermLoansToRelatedParties
|
0 | USD | |
wpc |
Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
|
15909000 | USD | |
wpc |
Increase Decrease In Income Taxes1
IncreaseDecreaseInIncomeTaxes1
|
-12206000 | USD | |
us-gaap |
Payments To Acquire Real Estate
PaymentsToAcquireRealEstate
|
0 | USD | |
us-gaap |
Cash Acquired From Acquisition
CashAcquiredFromAcquisition
|
0 | USD | |
us-gaap |
Foreign Currency Transaction Gain Loss Unrealized
ForeignCurrencyTransactionGainLossUnrealized
|
-23000 | USD | |
wpc |
Increase Decrease In Income Taxes1
IncreaseDecreaseInIncomeTaxes1
|
16532000 | USD | |
us-gaap |
Payments To Acquire Additional Interest In Subsidiaries
PaymentsToAcquireAdditionalInterestInSubsidiaries
|
7502000 | USD | |
us-gaap |
Cash Acquired From Acquisition
CashAcquiredFromAcquisition
|
57000 | USD | |
wpc |
Payments To Short Term Loans To Related Parties
PaymentsToShortTermLoansToRelatedParties
|
94000000 | USD | |
us-gaap |
Foreign Currency Transaction Gain Loss Realized
ForeignCurrencyTransactionGainLossRealized
|
1188000 | USD | |
us-gaap |
Payments To Acquire Real Estate
PaymentsToAcquireRealEstate
|
24323000 | USD | |
wpc |
Proceeds From Collection Of Short Term Loans To Related Parties
ProceedsFromCollectionOfShortTermLoansToRelatedParties
|
94000000 | USD | |
wpc |
Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
|
11891000 | USD | |
us-gaap |
Foreign Currency Transaction Gain Loss Unrealized
ForeignCurrencyTransactionGainLossUnrealized
|
371000 | USD | |
us-gaap |
Asset Impairment Charges
AssetImpairmentCharges
|
41000 | USD | |
wpc |
Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans1
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlans1
|
1018000 | USD | |
wpc |
Gain On Conversion Of Shares
GainOnConversionOfShares
|
3806000 | USD | |
us-gaap |
Payments To Acquire Interest In Subsidiaries And Affiliates
PaymentsToAcquireInterestInSubsidiariesAndAffiliates
|
121315000 | USD | |
wpc |
Equity Adjustment
EquityAdjustment
|
28300000 | USD | |
wpc |
Shares Exchanged As Result Of Merger
SharesExchangedAsResultOfMerger
|
11113050 | shares | |
wpc |
Shares Received From Reit Arising From Merger
SharesReceivedFromReitArisingFromMerger
|
13260091 | shares | |
wpc |
Gain Recorded Resulting From Shares Exchanged In Merger
GainRecordedResultingFromSharesExchangedInMerger
|
2800000 | USD | |
us-gaap |
Loans Assumed1
LoansAssumed1
|
87600000 | USD | |
wpc |
Gain Recorded Resulting From Converting Termination Revenue To Shares
GainRecordedResultingFromConvertingTerminationRevenueToShares
|
1000000 | USD | |
us-gaap |
Nature Of Operations
NatureOfOperations
|
<p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman Bold;font-size:10pt;font-weight:bold;margin-left:0px;">Note </font><font style="font-family:Times New Roman Bold;font-size:10pt;font-weight:bold;">1</font><font style="font-family:Times New Roman Bold;font-size:10pt;font-weight:bold;">.</font><font style="font-family:Times New Roman Bold;font-size:10pt;font-weight:bold;"> </font><font style="font-family:Times New Roman Bold;font-size:10pt;font-weight:bold;">Business</font></p><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><p style='margin-top:12pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">W. P. Carey & Co. LLC (“W. P. Carey” and, together with its consolidated subsidiaries and predecessors, “we”, “us” or “our”) 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 that are </font><font style="font-family:Times New Roman;font-size:10pt;">generally</font><font style="font-family:Times New Roman;font-size:10pt;"> triple-net leased to single corporate tenants, which requires </font><font style="font-family:Times New Roman;font-size:10pt;">each</font><font style="font-family:Times New Roman;font-size:10pt;"> tenant to pay substantially all of the costs associated with operating and maintaining the property. We also earn revenue as the advisor to publicly</font><font style="font-family:Times New Roman;font-size:10pt;">-</font><font style="font-family:Times New Roman;font-size:10pt;">owned, non-listed real estate investment trusts, which are sponsored by us under the Corporate Property Associates brand name (the “CPA</font><font style="font-family:Times New Roman;font-size:10pt;">®</font><font style="font-family:Times New Roman;font-size:10pt;"> REITs”) </font><font style="font-family:Times New Roman;font-size:10pt;">and</font><font style="font-family:Times New Roman;font-size:10pt;"> invest in similar properties. At </font><font style="font-family:Times New Roman;font-size:10pt;">June 30, 2012</font><font style="font-family:Times New Roman;font-size:10pt;">, we were the advisor to the following CPA</font><font style="font-family:Times New Roman;font-size:10pt;">®</font><font style="font-family:Times New Roman;font-size:10pt;"> REITs: Corporate Property Associates 15 Incorporated (“CPA</font><font style="font-family:Times New Roman;font-size:10pt;">®</font><font style="font-family:Times New Roman;font-size:10pt;">:15”), CPA</font><font style="font-family:Times New Roman;font-size:10pt;">®</font><font style="font-family:Times New Roman;font-size:10pt;">:16 – Global and Corporate Property Associates 17 – Global Incorporated (“CPA</font><font style="font-family:Times New Roman;font-size:10pt;">®</font><font style="font-family:Times New Roman;font-size:10pt;">:17 – Global”). We are also the advisor to Carey Watermark Investors Incorporated (“CWI” and, together with the CPA</font><font style="font-family:Times New Roman;font-size:10pt;">®</font><font style="font-family:Times New Roman;font-size:10pt;"> REITs, the “REITs”), which we formed in March 2008 for the purpose of acquiring interests in lodging and lodging-related properties. At </font><font style="font-family:Times New Roman;font-size:10pt;">June 30, 2012</font><font style="font-family:Times New Roman;font-size:10pt;">, we owned and</font><font style="font-family:Times New Roman;font-size:10pt;">/or</font><font style="font-family:Times New Roman;font-size:10pt;"> managed</font><font style="font-family:Times New Roman;font-size:10pt;"> </font><font style="font-family:Times New Roman;font-size:10pt;">more than</font><font style="font-family:Times New Roman;font-size:10pt;"> </font><font style="font-family:Times New Roman;font-size:10pt;">970</font><font style="font-family:Times New Roman;font-size:10pt;"> properties domestically and internationally. Our owned portfolio was comprised of our full or partial ownership interest in </font><font style="font-family:Times New Roman;font-size:10pt;">146</font><font style="font-family:Times New Roman;font-size:10pt;"> properties, substantially all of which were net leased to </font><font style="font-family:Times New Roman;font-size:10pt;">69</font><font style="font-family:Times New Roman;font-size:10pt;"> tenants, and totaled approximately </font><font style="font-family:Times New Roman;font-size:10pt;">11.4</font><font style="font-family:Times New Roman;font-size:10pt;"> million square feet (on a pro rata basis) with an occupancy rate of approximately </font><font style="font-family:Times New Roman;font-size:10pt;">94</font><font style="font-family:Times New Roman;font-size:10pt;">%.</font><font style="font-family:Times New Roman;font-size:10pt;"> </font><font style="font-family:Times New Roman;font-size:10pt;">In addition, </font><font style="font-family:Times New Roman;font-size:10pt;">through </font><font style="font-family:Times New Roman;font-size:10pt;">our </font><font style="font-family:Times New Roman;font-size:10pt;">consolidated </font><font style="font-family:Times New Roman;font-size:10pt;">subsidiaries, Carey Storage Management LLC (“Carey Storage”)</font><font style="font-family:Times New Roman;font-size:10pt;"> and Livho, Inc. (“Livho”)</font><font style="font-family:Times New Roman;font-size:10pt;">, </font><font style="font-family:Times New Roman;font-size:10pt;">we ha</font><font style="font-family:Times New Roman;font-size:10pt;">d interests in 21 self-</font><font style="font-family:Times New Roman;font-size:10pt;">storage properties</font><font style="font-family:Times New Roman;font-size:10pt;"> </font><font style="font-family:Times New Roman;font-size:10pt;">and a hotel property, respectively, for an aggregate of approximately 0.8 million square feet (on a pro rata basis) </font><font style="font-family:Times New Roman;font-size:10pt;">at </font><font style="font-family:Times New Roman;font-size:10pt;">June 30, 2012</font><font style="font-family:Times New Roman;font-size:10pt;">.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">On February 17, 2012, we and CPA</font><font style="font-family:Times New Roman;font-size:10pt;">®</font><font style="font-family:Times New Roman;font-size:10pt;">:15 entered into a definitive agreement pursuant to which CPA</font><font style="font-family:Times New Roman;font-size:10pt;">®</font><font style="font-family:Times New Roman;font-size:10pt;">:15 will merge with and into one of our </font><font style="font-family:Times New Roman;font-size:10pt;">newly formed </font><font style="font-family:Times New Roman;font-size:10pt;">subsidiaries</font><font style="font-family:Times New Roman;font-size:10pt;">, W. P. Carey Inc.</font><font style="font-family:Times New Roman;font-size:10pt;"> </font><font style="font-family:Times New Roman;font-size:10pt;">(</font><font style="font-family:Times New Roman;font-size:10pt;">the </font><font style="font-family:Times New Roman;font-size:10pt;">“Proposed Merger”) </font><font style="font-family:Times New Roman;font-size:10pt;">(</font><font style="font-family:Times New Roman;font-size:10pt;">Note </font><font style="font-family:Times New Roman;font-size:10pt;">3</font><font style="font-family:Times New Roman;font-size:10pt;">). </font><font style="font-family:Times New Roman;font-size:10pt;">The closing of the Proposed Merger is subject to customary closing conditions</font><font style="font-family:Times New Roman;font-size:10pt;">, including the approval of our shareholders and the stockholders of </font><font style="font-family:Times New Roman;font-size:10pt;">CPA</font><font style="font-family:Times New Roman;font-size:10pt;">®</font><font style="font-family:Times New Roman;font-size:10pt;">:15</font><font style="font-family:Times New Roman;font-size:10pt;">. </font><font style="font-family:Times New Roman;font-size:10pt;">Upon approval of</font><font style="font-family:Times New Roman;font-size:10pt;"> the Proposed Merger</font><font style="font-family:Times New Roman;font-size:10pt;"> and</font><font style="font-family:Times New Roman;font-size:10pt;"> immediately prior </font><font style="font-family:Times New Roman;font-size:10pt;">thereto, we</font><font style="font-family:Times New Roman;font-size:10pt;"> </font><font style="font-family:Times New Roman;font-size:10pt;">intend </font><font style="font-family:Times New Roman;font-size:10pt;">to reorganize as a real estate investment trust (the “Proposed REIT Reorganization”). The Proposed REIT Reorganization is an internal reorganization of our corporate structure into a real estate investment trust to hold substantially all of our real estate assets attributable to our Real Estate Ownership segment</font><font style="font-family:Times New Roman;font-size:10pt;">, including the assets </font><font style="font-family:Times New Roman;font-size:10pt;">held by</font><font style="font-family:Times New Roman;font-size:10pt;"> </font><font style="font-family:Times New Roman;font-size:10pt;">CPA</font><font style="font-family:Times New Roman;font-size:10pt;">®</font><font style="font-family:Times New Roman;font-size:10pt;">:15</font><font style="font-family:Times New Roman;font-size:10pt;">, </font><font style="font-family:Times New Roman;font-size:10pt;">while the activities conducted by our Investment Management segment subsidiaries will be organized under taxable real estate investment trust subsidiaries</font><font style="font-family:Times New Roman;font-size:10pt;"> (“TRSs”)</font><font style="font-family:Times New Roman;font-size:10pt;">. </font><font style="font-family:Times New Roman;font-size:10pt;">In July 2012, we entered into a number of agreements with the Estate of Wm</font><font style="font-family:Times New Roman;font-size:10pt;">.</font><font style="font-family:Times New Roman;font-size:10pt;"> Polk Carey</font><font style="font-family:Times New Roman;font-size:10pt;"> (the “Estate”)</font><font style="font-family:Times New Roman;font-size:10pt;">, our Chairman and </font><font style="font-family:Times New Roman;font-size:10pt;">f</font><font style="font-family:Times New Roman;font-size:10pt;">ounder who passed away on January</font><font style="font-family:Times New Roman;font-size:10pt;"> </font><font style="font-family:Times New Roman;font-size:10pt;">2, 2012, including a voting agreement</font><font style="font-family:Times New Roman;font-size:10pt;"> (the “Voting Agreement”)</font><font style="font-family:Times New Roman;font-size:10pt;"> pursuant to which the Estate </font><font style="font-family:Times New Roman;font-size:10pt;">and W. P. Carey & Co.</font><font style="font-family:Times New Roman;font-size:10pt;">,</font><font style="font-family:Times New Roman;font-size:10pt;"> Inc., a wholly-owned corporation of the Estate (“Hold</font><font style="font-family:Times New Roman;font-size:10pt;">C</font><font style="font-family:Times New Roman;font-size:10pt;">o” and together with the Estate, the “Estate Shareholders”) have</font><font style="font-family:Times New Roman;font-size:10pt;"> agreed, among other thing</font><font style="font-family:Times New Roman;font-size:10pt;">s</font><font style="font-family:Times New Roman;font-size:10pt;">, to vote </font><font style="font-family:Times New Roman;font-size:10pt;">their L</font><font style="font-family:Times New Roman;font-size:10pt;">isted </font><font style="font-family:Times New Roman;font-size:10pt;">shares</font><font style="font-family:Times New Roman;font-size:10pt;">,</font><font style="font-family:Times New Roman;font-size:10pt;"> totaling </font><font style="font-family:Times New Roman;font-size:10pt;">approximately </font><font style="font-family:Times New Roman;font-size:10pt;">27.92</font><font style="font-family:Times New Roman;font-size:10pt;">% of our outstanding common stock on </font><font style="font-family:Times New Roman;font-size:10pt;">July 16, 2012, the record date for the spe</font><font style="font-family:Times New Roman;font-size:10pt;">cial meeting of our shareholders regarding</font><font style="font-family:Times New Roman;font-size:10pt;"> the </font><font style="font-family:Times New Roman;font-size:10pt;">Proposed REIT Reorganization and </font><font style="font-family:Times New Roman;font-size:10pt;">Proposed Merger</font><font style="font-family:Times New Roman;font-size:10pt;">, in favor of those transactions</font><font style="font-family:Times New Roman;font-size:10pt;"> (Note 16)</font><font style="font-family:Times New Roman;font-size:10pt;">.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;margin-left:0px;">Primary Business Segments</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;font-style:italic;margin-left:0px;">Investment Management </font><font style="font-family:Times New Roman;font-size:10pt;">— We structure and negotiate investments and debt placement transactions for the REITs, for which we earn structuring revenue, and manage their portfolios of real estate investments, for which we earn asset-based management and performance revenue. We earn asset-based management and performance revenue from the REITs based on the value of their real estate-related</font><font style="font-family:Times New Roman;font-size:10pt;">, self-storage-related</font><font style="font-family:Times New Roman;font-size:10pt;"> and lodging-related assets under management. As funds available to the REITs are invested, the asset base from which we earn revenue increases. We may also earn incentive and disposition revenue and receive other compensation in connection with providing liquidity alternatives to the REIT</font><font style="font-family:Times New Roman;font-size:10pt;">s</font><font style="font-family:Times New Roman;font-size:10pt;">'</font><font style="font-family:Times New Roman;font-size:10pt;"> shareholders.</font><font style="font-family:Times New Roman;font-size:10pt;"> </font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;font-style:italic;margin-left:0px;">Real Estate Ownership </font><font style="font-family:Times New Roman;font-size:10pt;">— We own and invest in commercial properties in the United States of America (“U.S.”) and the European Union that are then leased to companies, primarily on a triple-net lease basis. We may also invest in other properties if opportunities arise.</font><font style="font-family:Times New Roman;font-size:10pt;"> </font><font style="font-family:Times New Roman;font-size:10pt;">We own interests in the REITs and account for these interests under the equity method of accounting. </font><font style="font-family:Times New Roman;font-size:10pt;">In addition, we receive a percentage of distributions of </font><font style="font-family:Times New Roman;font-size:10pt;">Available C</font><font style="font-family:Times New Roman;font-size:10pt;">ash</font><font style="font-family:Times New Roman;font-size:10pt;">,</font><font style="font-family:Times New Roman;font-size:10pt;"> </font><font style="font-family:Times New Roman;font-size:10pt;">as defined in the respective advisory agreements</font><font style="font-family:Times New Roman;font-size:10pt;">,</font><font style="font-family:Times New Roman;font-size:10pt;"> </font><font style="font-family:Times New Roman;font-size:10pt;">from </font><font style="font-family:Times New Roman;font-size:10pt;">the operating partnerships of CPA</font><font style="font-family:Times New Roman;font-size:10pt;">®</font><font style="font-family:Times New Roman;font-size:10pt;">:16 – Global, </font><font style="font-family:Times New Roman;font-size:10pt;">CPA</font><font style="font-family:Times New Roman;font-size:10pt;">®</font><font style="font-family:Times New Roman;font-size:10pt;">:17 – Global</font><font style="font-family:Times New Roman;font-size:10pt;"> and </font><font style="font-family:Times New Roman;font-size:10pt;">CWI</font><font style="font-family:Times New Roman;font-size:10pt;">, and earn deferred revenue from </font><font style="font-family:Times New Roman;font-size:10pt;">our special member interest in CPA</font><font style="font-family:Times New Roman;font-size:10pt;">®</font><font style="font-family:Times New Roman;font-size:10pt;">:16 – Global's operating partnership</font><font style="font-family:Times New Roman;font-size:10pt;">. </font><font style="font-family:Times New Roman;font-size:10pt;">Effective April 1, 2012, we include </font><font style="font-family:Times New Roman;font-size:10pt;">such </font><font style="font-family:Times New Roman;font-size:10pt;">distributions and deferred revenue in our Real Estate Ownership segment. </font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p> | ||
CY2012Q2 | wpc |
Number Of Tenants
NumberOfTenants
|
69 | |
CY2012Q2 | us-gaap |
Number Of Real Estate Properties
NumberOfRealEstateProperties
|
146 | |
CY2012Q2 | wpc |
Number Of Real Estate Properties Owned And Managed
NumberOfRealEstatePropertiesOwnedAndManaged
|
970 | |
CY2012Q2 | wpc |
Number Of Self Storage Properties
NumberOfSelfStorageProperties
|
21 | |
CY2012Q2 | wpc |
Square Footage Of All Real Estate Properties
SquareFootageOfAllRealEstateProperties
|
11400000 | |
CY2012Q2 | wpc |
Square Footage Of Self Storage Properties
SquareFootageOfSelfStorageProperties
|
800000 | |
CY2012Q2 | wpc |
Occupancy Rate
OccupancyRate
|
0.94 | |
CY2012Q2 | us-gaap |
Minority Interest Ownership Percentage By Noncontrolling Owners
MinorityInterestOwnershipPercentageByNoncontrollingOwners
|
0.2792 | |
us-gaap |
Error Corrections And Prior Period Adjustments Description
ErrorCorrectionsAndPriorPeriodAdjustmentsDescription
|
Out-of-Period Adjustment During the second quarter of 2012, we identified an error in the consolidated financial statements related to the misapplication of accounting guidance on the involuntary disposals of two parcels of land in the fourth quarter of 2010. We concluded that this adjustment, with a net impact on income from continuing operations and income attributable to W. P. Carey members of $1.8 million on our statement of operations for the second quarter of 2012, was not material to our results for the prior year period or for the period of adjustment. Accordingly, this change was recorded in the consolidated financial statements in the second quarter of 2012 as an out-of-period adjustment as follows: a reduction to Accounts payable, accrued expenses and other liabilities of $2.1 million and a reduction to Net investments in properties of $0.3 million on the consolidated balance sheet; and an increase in Gain on sale of real estate of $2.0 million, an increase in Property expenses of $0.4 million, an increase in Other real estate income of $0.2 million and an increase in Other interest income of $0.1 million on the consolidated statement of operations. | ||
wpc |
Percentage Of Average Invested Assets Management Fee Revenue
PercentageOfAverageInvestedAssetsManagementFeeRevenue
|
0.01 | ||
wpc |
Percentage Of Average Invested Assets Performance Revenue
PercentageOfAverageInvestedAssetsPerformanceRevenue
|
0.005 | ||
wpc |
Percentage Of Real Estate Assets Management Fee Revenue
PercentageOfRealEstateAssetsManagementFeeRevenue
|
0.005 | ||
wpc |
Termination Revenue Received In Shares Exchanged
TerminationRevenueReceivedInSharesExchanged
|
3242089 | shares | |
wpc |
Percentage Of Equity Value Securities Management Fee Revenue
PercentageOfEquityValueSecuritiesManagementFeeRevenue
|
0.0175 | ||
wpc |
Percentage Of Loging Assets Management Fee Revenue
PercentageOfLogingAssetsManagementFeeRevenue
|
0.005 | ||
wpc |
Asset Management Fees Receivable In Shares Percent Of Total
AssetManagementFeesReceivableInSharesPercentOfTotal
|
0.5 | ||
wpc |
Asset Management Fees Receivable In Cash Percent Of Total
AssetManagementFeesReceivableInCashPercentOfTotal
|
0.5 | ||
wpc |
Investment Banking Revenue As Percentage Of Total Cost Of Investments Made
InvestmentBankingRevenueAsPercentageOfTotalCostOfInvestmentsMade
|
0.045 | ||
wpc |
Investment Banking Revenue Percent Paid Upon Completion Of Transaction
InvestmentBankingRevenuePercentPaidUponCompletionOfTransaction
|
0.025 | ||
wpc |
Investment Banking Revenue Percent Deferred
InvestmentBankingRevenuePercentDeferred
|
0.02 | ||
wpc |
Investment Banking Revenue Max Percent
InvestmentBankingRevenueMaxPercent
|
0.025 | ||
wpc |
Maximum Percentage Of Revenue Earned On Initial Acquisition
MaximumPercentageOfRevenueEarnedOnInitialAcquisition
|
0.06 | ||
wpc |
Unpaid Transaction Fee Interest Rate Minimum
UnpaidTransactionFeeInterestRateMinimum
|
0.05 | ||
wpc |
Unpaid Transaction Fee Interest Rate Maximum
UnpaidTransactionFeeInterestRateMaximum
|
0.07 | ||
CY2012Q2 | wpc |
Number Of Properties In Proposed Merger
NumberOfPropertiesInProposedMerger
|
305 | |
CY2012Q2 | wpc |
Number Of Tenants In Proposed Merger
NumberOfTenantsInProposedMerger
|
75 | |
CY2012Q2 | wpc |
Number Of Square Foot In Proposed Merger
NumberOfSquareFootInProposedMerger
|
27000000 | |
CY2012Q2 | wpc |
Occupancy Rate In Proposed Merger
OccupancyRateInProposedMerger
|
0.99 | |
CY2012Q2 | wpc |
Weighted Average Remaining Life Of Properties In Proposed Merger
WeightedAverageRemainingLifeOfPropertiesInProposedMerger
|
9.9 | |
wpc |
Base Rent Of Properties In Proposed Merger
BaseRentOfPropertiesInProposedMerger
|
219400000 | USD | |
CY2012Q2 | wpc |
Number Of Fixed Rate Debt Assumed
NumberOfFixedRateDebtAssumed
|
68 | |
CY2012Q2 | wpc |
Number Of Variable Rate Debt Assumed
NumberOfVariableRateDebtAssumed
|
9 | |
CY2012Q2 | wpc |
Weighted Average Interest Rate Of Debt Assumed
WeightedAverageInterestRateOfDebtAssumed
|
0.058 | |
wpc |
Revenue Earned From Proposed Merger Entity
RevenueEarnedFromProposedMergerEntity
|
12400000 | USD | |
wpc |
Equity Earnings From Proposed Merger Entity
EquityEarningsFromProposedMergerEntity
|
3800000 | USD | |
CY2012Q2 | wpc |
Shares Issued To Proposed Merger Liquidating Shareholders
SharesIssuedToProposedMergerLiquidatingShareholders
|
28190000 | shares |
CY2012Q2 | wpc |
Shares Outstanding From Proposed Merger Entity
SharesOutstandingFromProposedMergerEntity
|
131598908 | shares |
CY2012Q2 | wpc |
Shares Owned By Parent
SharesOwnedByParent
|
10418731 | shares |
CY2012Q2 | wpc |
Proposed Merger Consideration Liquidating Amount
ProposedMergerConsiderationLiquidatingAmount
|
151500000 | USD |
CY2012Q2 | wpc |
Credit Facility For Proposed Merger
CreditFacilityForProposedMerger
|
175000000 | USD |
wpc |
Shareholder Cash Option Arising From Proposed Merger
ShareholderCashOptionArisingFromProposedMerger
|
1.25 | ||
wpc |
Shareholder Share Option Available From Proposed Merger
ShareholderShareOptionAvailableFromProposedMerger
|
0.2326 | shares | |
CY2012Q2 | wpc |
Per Share Market Price To Liquidating Shareholders
PerShareMarketPriceToLiquidatingShareholders
|
11.97 | |
CY2012Q2 | wpc |
Net Asset Value Of Per Share Received By Liquidating Shareholders
NetAssetValueOfPerShareReceivedByLiquidatingShareholders
|
46.08 | |
CY2012Q2 | wpc |
Operating Leases Average Future Minimum Annual Payments Due
OperatingLeasesAverageFutureMinimumAnnualPaymentsDue
|
3000000 | USD |
CY2011Q2 | wpc |
Interest Income From Affiliates
InterestIncomeFromAffiliates
|
100000 | USD |
CY2012Q2 | wpc |
Joint Ventures Ownership Percentage Maximum
JointVenturesOwnershipPercentageMaximum
|
0.95 | |
CY2012Q2 | wpc |
Joint Ventures Ownership Percentage Minimum
JointVenturesOwnershipPercentageMinimum
|
0.05 | |
wpc |
Other Distributions Of Cash Received
OtherDistributionsOfCashReceived
|
0.1 | ||
CY2012Q2 | wpc |
Fair Value Of Debt Assumed In Proposed Merger
FairValueOfDebtAssumedInProposedMerger
|
1100000000 | USD |
wpc |
Termination Revenue
TerminationRevenue
|
31200000 | USD | |
wpc |
Subordinated Disposition Revenue
SubordinatedDispositionRevenue
|
21300000 | USD | |
CY2011Q2 | wpc |
Loan To Affiliate Cpa17
LoanToAffiliateCpa17
|
90000000 | USD |
CY2011Q2 | wpc |
Loan To Affiliate Cwi
LoanToAffiliateCwi
|
4000000 | USD |
wpc |
Interest Rate On Loan To Affiliate Cpa17
InterestRateOnLoanToAffiliateCpa17
|
0.0115 | ||
wpc |
Interest Rate On Loan To Affiliate Cwi
InterestRateOnLoanToAffiliateCwi
|
0.025 | ||
wpc |
Interest Income From Affiliates
InterestIncomeFromAffiliates
|
200000 | USD | |
CY2011 | wpc |
Asset Management Fees Receivable In Shares Percent Of Total
AssetManagementFeesReceivableInSharesPercentOfTotal
|
0.80 | |
CY2011 | wpc |
Asset Management Fees Receivable In Cash Percent Of Total
AssetManagementFeesReceivableInCashPercentOfTotal
|
0.20 | |
CY2011Q2 | us-gaap |
Business Acquisition Cost Of Acquired Entity Purchase Price
BusinessAcquisitionCostOfAcquiredEntityPurchasePrice
|
31800000 | USD |
wpc |
Shares Received As Termination Revenue
SharesReceivedAsTerminationRevenue
|
2717138 | shares | |
CY2011Q2 | wpc |
Subordinated Disposition Revenue
SubordinatedDispositionRevenue
|
21300000 | USD |
CY2011Q2 | wpc |
Termination Revenue
TerminationRevenue
|
31200000 | USD |
us-gaap |
Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
|
14437000 | USD | |
us-gaap |
Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
|
3788000 | USD | |
wpc |
Deferred Revenue Recognized
DeferredRevenueRecognized
|
4246000 | USD | |
wpc |
Deferred Revenue Recognized
DeferredRevenueRecognized
|
1416000 | USD | |
us-gaap |
Investment Banking Advisory Brokerage And Underwriting Fees And Commissions
InvestmentBankingAdvisoryBrokerageAndUnderwritingFeesAndCommissions
|
108269000 | USD | |
us-gaap |
Investment Banking Advisory Brokerage And Underwriting Fees And Commissions
InvestmentBankingAdvisoryBrokerageAndUnderwritingFeesAndCommissions
|
156818000 | USD | |
CY2012Q2 | us-gaap |
Investment Banking Advisory Brokerage And Underwriting Fees And Commissions
InvestmentBankingAdvisoryBrokerageAndUnderwritingFeesAndCommissions
|
53408000 | USD |
CY2012Q2 | us-gaap |
Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
|
7463000 | USD |
CY2012Q2 | wpc |
Deferred Revenue Recognized
DeferredRevenueRecognized
|
2123000 | USD |
CY2011Q2 | us-gaap |
Investment Banking Advisory Brokerage And Underwriting Fees And Commissions
InvestmentBankingAdvisoryBrokerageAndUnderwritingFeesAndCommissions
|
98239000 | USD |
CY2011Q2 | wpc |
Deferred Revenue Recognized
DeferredRevenueRecognized
|
1416000 | USD |
CY2011Q2 | us-gaap |
Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
|
1973000 | USD |
wpc |
Interest Earned On Unpaid Deferred Acquisition Fees
InterestEarnedOnUnpaidDeferredAcquisitionFees
|
642000 | USD | |
wpc |
Interest Earned On Unpaid Deferred Acquisition Fees
InterestEarnedOnUnpaidDeferredAcquisitionFees
|
555000 | USD | |
CY2012Q2 | us-gaap |
Accrued Fees And Other Revenue Receivable
AccruedFeesAndOtherRevenueReceivable
|
20994000 | USD |
CY2011Q4 | us-gaap |
Accrued Fees And Other Revenue Receivable
AccruedFeesAndOtherRevenueReceivable
|
29410000 | USD |
CY2012Q2 | wpc |
Interest Earned On Unpaid Deferred Acquisition Fees
InterestEarnedOnUnpaidDeferredAcquisitionFees
|
73000 | USD |
CY2011Q2 | wpc |
Interest Earned On Unpaid Deferred Acquisition Fees
InterestEarnedOnUnpaidDeferredAcquisitionFees
|
310000 | USD |
us-gaap |
Minority Interest In Net Income Loss Joint Venture Partners
MinorityInterestInNetIncomeLossJointVenturePartners
|
1196000 | USD | |
us-gaap |
Minority Interest In Net Income Loss Joint Venture Partners
MinorityInterestInNetIncomeLossJointVenturePartners
|
1428000 | USD | |
CY2012Q2 | us-gaap |
Minority Interest In Net Income Loss Joint Venture Partners
MinorityInterestInNetIncomeLossJointVenturePartners
|
701000 | USD |
CY2011Q2 | us-gaap |
Minority Interest In Net Income Loss Joint Venture Partners
MinorityInterestInNetIncomeLossJointVenturePartners
|
552000 | USD |
CY2012Q2 | wpc |
Deferred Rent Due To Affiliates
DeferredRentDueToAffiliates
|
756000 | USD |
CY2011Q4 | wpc |
Deferred Rent Due To Affiliates
DeferredRentDueToAffiliates
|
798000 | USD |
CY2012Q2 | wpc |
Foreign Currency Exchange Rate
ForeignCurrencyExchangeRate
|
1.2578 | USD |
CY2011Q4 | wpc |
Foreign Currency Exchange Rate
ForeignCurrencyExchangeRate
|
1.2950 | USD |
CY2012Q2 | us-gaap |
Acquired Finite Lived Intangible Asset Amount
AcquiredFiniteLivedIntangibleAssetAmount
|
66300000 | USD |
us-gaap |
Finite Lived Intangible Assets Useful Life Minimum
FiniteLivedIntangibleAssetsUsefulLifeMinimum
|
1 | ||
us-gaap |
Finite Lived Intangible Assets Useful Life Maximum
FiniteLivedIntangibleAssetsUsefulLifeMaximum
|
40 | ||
CY2012Q2 | us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
1300000 | USD |
CY2011Q2 | us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
1000000 | USD |
CY2012Q2 | wpc |
Foreign Currency Exchange Rate Impact
ForeignCurrencyExchangeRateImpact
|
-1800000 | USD |
us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
2600000 | USD | |
us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
1400000 | USD | |
CY2012Q2 | wpc |
Decrease In Foreign Currency Exchange Rate
DecreaseInForeignCurrencyExchangeRate
|
0.029 | |
us-gaap |
Financing Receivable Credit Quality Range Of Dates Ratings Updated
FinancingReceivableCreditQualityRangeOfDatesRatingsUpdated
|
second quarter of 2012 | ||
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 defaults. At June 30, 2012 and December 31, 2011, none of the balances of our finance receivables were past due and we had not established any allowances for credit losses. Additionally, there have been no modifications of finance receivables. We evaluate the credit quality of our tenant receivables utilizing an internal 5-point credit rating scale, with 1 representing the highest credit quality and 5 representing the lowest. | ||
CY2012Q2 | wpc |
Accounts Receivable Billed Under Direct Financing Leases
AccountsReceivableBilledUnderDirectFinancingLeases
|
100000 | USD |
CY2011Q4 | wpc |
Accounts Receivable Billed Under Direct Financing Leases
AccountsReceivableBilledUnderDirectFinancingLeases
|
100000 | USD |
CY2012Q2 | wpc |
Income From Equity Investment In Affiliates
IncomeFromEquityInvestmentInAffiliates
|
3648000 | USD |
CY2012Q2 | us-gaap |
Equity Method Investment Other Than Temporary Impairment
EquityMethodInvestmentOtherThanTemporaryImpairment
|
-3234000 | USD |
CY2011Q2 | us-gaap |
Equity Method Investment Other Than Temporary Impairment
EquityMethodInvestmentOtherThanTemporaryImpairment
|
0 | USD |
CY2011Q2 | wpc |
Income From Equity Investment In Affiliates
IncomeFromEquityInvestmentInAffiliates
|
8032000 | USD |
us-gaap |
Equity Method Investment Other Than Temporary Impairment
EquityMethodInvestmentOtherThanTemporaryImpairment
|
-3532000 | USD | |
wpc |
Income From Equity Investment In Affiliates
IncomeFromEquityInvestmentInAffiliates
|
5496000 | USD | |
wpc |
Income From Equity Investment In Affiliates
IncomeFromEquityInvestmentInAffiliates
|
9813000 | USD | |
us-gaap |
Equity Method Investment Other Than Temporary Impairment
EquityMethodInvestmentOtherThanTemporaryImpairment
|
0 | USD | |
us-gaap |
Derivative Instruments Loss Recognized In Income
DerivativeInstrumentsLossRecognizedInIncome
|
100000 | USD | |
us-gaap |
Derivative Instruments Gain Loss Reclassification From Accumulated Oci To Income Estimated Net Amount To Be Transferred
DerivativeInstrumentsGainLossReclassificationFromAccumulatedOCIToIncomeEstimatedNetAmountToBeTransferred
|
1300000 | USD | |
CY2012Q2 | us-gaap |
Derivative Fair Value Of Derivative Net
DerivativeFairValueOfDerivativeNet
|
5100000 | USD |
wpc |
Fairvaluemeasurementsvaluationtechniques
Fairvaluemeasurementsvaluationtechniques
|
Our money market funds, which are included in Cash and cash equivalents in the consolidated financial statements, are consisted of government securities and U.S. Treasury bills. These funds were classified as Level 1 as we used quoted prices from active markets to determine their fair values. Our derivative assets and liabilities, which are included in Other assets, net and Accounts payable, accrued expenses and other liabilities, respectively, in the consolidated financial statements, are primarily comprised of interest rate swaps and foreign currency future contracts. These derivative instruments were measured at fair value using readily observable market inputs, such as quotations on interest rates. These derivative instruments were classified as Level 2 because they are custom, over-the-counter contracts with various bank counterparties that are not traded in an active market. We account for the noncontrolling interest in WPCI as a redeemable noncontrolling interest. We determined the valuation of the redeemable noncontrolling interest using widely accepted valuation techniques, including expected discounted cash flows of the investment as well as the income capitalization approach, which considers prevailing market capitalization rates. We classified this liability as Level 3. Unobservable inputs for WPCI include a discount for lack of marketability, a discount rate and EBITDA multiples with weighted average ranges of 20% – 30%, 23% – 27% and 3x – 5x, respectively. Significant increases or decreases in any one of these inputs in isolation would result in significant changes in the fair value measurement. Our other securities, which are included in Other assets, net in the consolidated financial statements, are primarily comprised of our interest in a commercial mortgage loan securitization. This fund is not traded in an active market. We estimated the fair value of these securities using internal valuation models that incorporate market inputs and our own assumptions about future cash flows. We classified these assets as Level 3. These fair value measurements were developed by third-party sources, subject to our corroboration for reasonableness. This investment’s fair value was obtained using an estimate of discounted cash flows using two significant unobservable inputs, which are the discount rate and the estimated general and administrative costs as a percentage of assets under management with a weighted average range of 13% – 16% and 35 bps – 45 bps, respectively. Significant increases or decreases to these inputs in isolation would result in significant change in the fair value measurement. The valuation is also dependent upon the expected date of the liquidity event for CPA®:16 – Global because cash flows attributable to this investment will cease upon such event. Therefore, the fair value of this investment may decline in the future as the estimated liquidation date approaches | ||
us-gaap |
Loss On Contract Termination For Default
LossOnContractTerminationForDefault
|
5700000 | USD | |
CY2012Q2 | us-gaap |
Derivative Asset Fair Value Net
DerivativeAssetFairValueNet
|
86000 | USD |
CY2012Q2 | us-gaap |
Derivative Liability Fair Value Net
DerivativeLiabilityFairValueNet
|
-4954000 | USD |
CY2011Q4 | us-gaap |
Derivative Liability Fair Value Net
DerivativeLiabilityFairValueNet
|
-4175000 | USD |
CY2012Q2 | us-gaap |
Derivative Instruments Gain Loss Recognized In Other Comprehensive Income Effective Portion Net
DerivativeInstrumentsGainLossRecognizedInOtherComprehensiveIncomeEffectivePortionNet
|
-1018000 | USD |
CY2011Q2 | us-gaap |
Derivative Instruments Gain Loss Recognized In Other Comprehensive Income Effective Portion Net
DerivativeInstrumentsGainLossRecognizedInOtherComprehensiveIncomeEffectivePortionNet
|
-971000 | USD |
us-gaap |
Derivative Instruments Gain Loss Recognized In Other Comprehensive Income Effective Portion Net
DerivativeInstrumentsGainLossRecognizedInOtherComprehensiveIncomeEffectivePortionNet
|
-180000 | USD | |
us-gaap |
Derivative Instruments Gain Loss Recognized In Other Comprehensive Income Effective Portion Net
DerivativeInstrumentsGainLossRecognizedInOtherComprehensiveIncomeEffectivePortionNet
|
-727000 | USD | |
CY2012Q2 | us-gaap |
Concentration Risk Percentage
ConcentrationRiskPercentage
|
0.10 | |
CY2012Q2 | wpc |
Percentage Geography
PercentageGeography
|
0.182 | |
us-gaap |
Line Of Credit Facility Expiration Date
LineOfCreditFacilityExpirationDate
|
December 2014 | ||
us-gaap |
Debt Instrument Covenant Compliance
DebtInstrumentCovenantCompliance
|
We were in compliance with these covenants at June 30, 2012. | ||
CY2012Q2 | us-gaap |
Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
|
31386000 | USD |
CY2012Q2 | us-gaap |
Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
|
8874000 | USD |
CY2012Q2 | us-gaap |
Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
|
242181000 | USD |
CY2012Q2 | us-gaap |
Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
|
49058000 | USD |
CY2012Q2 | us-gaap |
Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
|
57961000 | USD |
CY2012Q2 | us-gaap |
Long Term Debt Maturities Repayments Of Principal After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
|
191184000 | USD |
CY2012Q2 | us-gaap |
Line Of Credit Facility Interest Rate At Period End
LineOfCreditFacilityInterestRateAtPeriodEnd
|
0.0175 | |
CY2012Q2 | us-gaap |
Line Of Credit Facility Maximum Borrowing Capacity
LineOfCreditFacilityMaximumBorrowingCapacity
|
450000000 | USD |
CY2012Q2 | us-gaap |
Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
|
6800000 | USD |
CY2012Q2 | us-gaap |
Debt Instrument Unused Borrowing Capacity Amount
DebtInstrumentUnusedBorrowingCapacityAmount
|
194900000 | USD |
CY2012Q2 | wpc |
Carrying Value Of Collaterial Mortgage Loans
CarryingValueOfCollaterialMortgageLoans
|
443700000 | USD |
us-gaap |
Debt Instrument Maturity Date Range Start
DebtInstrumentMaturityDateRangeStart
|
2012 | ||
us-gaap |
Debt Instrument Maturity Date Range End
DebtInstrumentMaturityDateRangeEnd
|
2025 | ||
CY2012Q2 | wpc |
Long Term Debt Before Unamortized Discount
LongTermDebtBeforeUnamortizedDiscount
|
580644000 | USD |
CY2012Q2 | us-gaap |
Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
|
952000 | USD |
CY2012Q2 | us-gaap |
Long Term Debt
LongTermDebt
|
579692000 | USD |
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Terms Of Award
ShareBasedCompensationArrangementByShareBasedPaymentAwardTermsOfAward
|
The RSUs are scheduled to vest in equal annual installments over three years. Vesting of the PSUs is conditioned upon the extent that we achieve the performance goals during the performance period, which was set as January 1, 2012 through December 31, 2014. The ultimate number of shares to be issued upon vesting of PSUs will depend on the extent to which we meet the performance goals and can range from zero to three times the original “target” awards noted above. | ||
wpc |
Share Based Compensation Awards Vesting Period
ShareBasedCompensationAwardsVestingPeriod
|
three years | ||
us-gaap |
Amount Of Dilutive Securities Stock Options And Restrictive Stock Units
AmountOfDilutiveSecuritiesStockOptionsAndRestrictiveStockUnits
|
-656000 | USD | |
us-gaap |
Amount Of Dilutive Securities Stock Options And Restrictive Stock Units
AmountOfDilutiveSecuritiesStockOptionsAndRestrictiveStockUnits
|
-1510000 | USD | |
us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
103276000 | USD | |
us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
43411000 | USD | |
us-gaap |
Dilutive Securities
DilutiveSecurities
|
-61000 | USD | |
us-gaap |
Dilutive Securities
DilutiveSecurities
|
333000 | USD | |
us-gaap |
Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
|
103609000 | USD | |
us-gaap |
Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
|
43350000 | USD | |
us-gaap |
Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
|
431742 | shares | |
us-gaap |
Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
|
609969 | shares | |
CY2011Q2 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
57565 | shares |
us-gaap |
Disposal Group Including Discontinued Operation Operating Expense
DisposalGroupIncludingDiscontinuedOperationOperatingExpense
|
1115000 | USD | |
us-gaap |
Disposal Group Including Discontinued Operation Operating Expense
DisposalGroupIncludingDiscontinuedOperationOperatingExpense
|
3054000 | USD | |
CY2012Q2 | us-gaap |
Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
|
709835 | shares |
CY2011Q2 | us-gaap |
Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
|
460752 | shares |
CY2012Q2 | us-gaap |
Amount Of Dilutive Securities Stock Options And Restrictive Stock Units
AmountOfDilutiveSecuritiesStockOptionsAndRestrictiveStockUnits
|
-473000 | USD |
CY2011Q2 | us-gaap |
Amount Of Dilutive Securities Stock Options And Restrictive Stock Units
AmountOfDilutiveSecuritiesStockOptionsAndRestrictiveStockUnits
|
-1166000 | USD |
CY2012Q2 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
31304000 | USD |
CY2011Q2 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
80277000 | USD |
CY2011Q2 | us-gaap |
Dilutive Securities
DilutiveSecurities
|
1000 | USD |
CY2012Q2 | us-gaap |
Dilutive Securities
DilutiveSecurities
|
-37000 | USD |
CY2011Q2 | us-gaap |
Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
|
80278000 | USD |
CY2012Q2 | us-gaap |
Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
|
31267000 | USD |
us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
122623 | shares | |
CY2012Q2 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
4500000 | USD |
CY2011Q2 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
6200000 | USD |
CY2011Q2 | us-gaap |
Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
|
2800000 | USD |
CY2012Q2 | us-gaap |
Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
|
2000000 | USD |
wpc |
Share Based Compensation Expected To Be Recognized
ShareBasedCompensationExpectedToBeRecognized
|
25300000 | USD | |
CY2012Q2 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
2000000 | USD |
us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
9800000 | USD | |
us-gaap |
Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
|
4200000 | USD | |
us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
8700000 | USD | |
us-gaap |
Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
|
3900000 | USD | |
us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
3600000 | USD | |
wpc |
Allocated Share Based Compensation Expense Performance Share Units
AllocatedShareBasedCompensationExpensePerformanceShareUnits
|
-1700000 | USD | |
wpc |
Employee Stock Purchase Plan Authorized For Issuance
EmployeeStockPurchasePlanAuthorizedForIssuance
|
500000 | shares | |
CY2011Q4 | wpc |
Temporary Equity Carrying Amount Including Portion Attributable To Noncontrolling Interests
TemporaryEquityCarryingAmountIncludingPortionAttributableToNoncontrollingInterests
|
7700000 | USD |
CY2010Q4 | wpc |
Temporary Equity Carrying Amount Including Portion Attributable To Noncontrolling Interests
TemporaryEquityCarryingAmountIncludingPortionAttributableToNoncontrollingInterests
|
7546000 | USD |
CY2012Q2 | wpc |
Temporary Equity Carrying Amount Including Portion Attributable To Noncontrolling Interests
TemporaryEquityCarryingAmountIncludingPortionAttributableToNoncontrollingInterests
|
6788000 | USD |
us-gaap |
Reclassifications Of Temporary To Permanent Equity
ReclassificationsOfTemporaryToPermanentEquity
|
79000 | USD | |
us-gaap |
Temporary Equity Other Changes
TemporaryEquityOtherChanges
|
-876000 | USD | |
us-gaap |
Temporary Equity Other Changes
TemporaryEquityOtherChanges
|
-676000 | USD | |
CY2011Q2 | wpc |
Temporary Equity Carrying Amount Including Portion Attributable To Noncontrolling Interests
TemporaryEquityCarryingAmountIncludingPortionAttributableToNoncontrollingInterests
|
6792000 | USD |
us-gaap |
Reclassifications Of Temporary To Permanent Equity
ReclassificationsOfTemporaryToPermanentEquity
|
-691000 | USD | |
CY2011 | us-gaap |
Reclassifications Of Temporary To Permanent Equity
ReclassificationsOfTemporaryToPermanentEquity
|
500000 | USD |
us-gaap |
Open Tax Years By Major Tax Jurisdiction
OpenTaxYearsByMajorTaxJurisdiction
|
2008 through 2012 | ||
wpc |
Nonoperating Income Expense Excluding Interest Expense
NonoperatingIncomeExpenseExcludingInterestExpense
|
45681000 | USD | |
wpc |
Nonoperating Income Expense Excluding Interest Expense
NonoperatingIncomeExpenseExcludingInterestExpense
|
55731000 | USD | |
CY2012Q2 | wpc |
Nonoperating Income Expense Excluding Interest Expense
NonoperatingIncomeExpenseExcludingInterestExpense
|
30265000 | USD |
CY2011Q2 | wpc |
Nonoperating Income Expense Excluding Interest Expense
NonoperatingIncomeExpenseExcludingInterestExpense
|
48632000 | USD |
us-gaap |
Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
|
47887000 | USD | |
CY2012Q2 | us-gaap |
Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
|
32306000 | USD |
CY2011Q2 | us-gaap |
Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
|
81727000 | USD |
us-gaap |
Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
|
103764000 | USD | |
wpc |
Percentage Of Total Investment In Reit
PercentageOfTotalInvestmentInReit
|
0.23 | ||
CY2011Q4 | us-gaap |
Noncurrent Assets
NoncurrentAssets
|
1220524000 | USD |
CY2012Q2 | us-gaap |
Noncurrent Assets
NoncurrentAssets
|
1191270000 | USD |
us-gaap |
Disposal Group Including Discontinued Operation Revenue
DisposalGroupIncludingDiscontinuedOperationRevenue
|
842000 | USD | |
us-gaap |
Disposal Group Including Discontinued Operation Revenue
DisposalGroupIncludingDiscontinuedOperationRevenue
|
3457000 | USD | |
wpc |
Number Of Real Estate Properties Sold
NumberOfRealEstatePropertiesSold
|
five | ||
us-gaap |
Proceeds From Sale Of Real Estate
ProceedsFromSaleOfRealEstate
|
25200000 | USD | |
wpc |
Number Of Real Estate Properties Sold
NumberOfRealEstatePropertiesSold
|
four | ||
us-gaap |
Proceeds From Sale Of Real Estate
ProceedsFromSaleOfRealEstate
|
10600000 | USD | |
CY2012Q2 | us-gaap |
Disposal Group Including Discontinued Operation Revenue
DisposalGroupIncludingDiscontinuedOperationRevenue
|
94000 | USD |
CY2012Q2 | us-gaap |
Disposal Group Including Discontinued Operation Operating Expense
DisposalGroupIncludingDiscontinuedOperationOperatingExpense
|
325000 | USD |
CY2011Q2 | us-gaap |
Disposal Group Including Discontinued Operation Operating Expense
DisposalGroupIncludingDiscontinuedOperationOperatingExpense
|
1746000 | USD |
CY2011Q2 | us-gaap |
Disposal Group Including Discontinued Operation Revenue
DisposalGroupIncludingDiscontinuedOperationRevenue
|
1624000 | USD |
CY2012Q2 | wpc |
Maximum Value Of Shares To Be Repurchased
MaximumValueOfSharesToBeRepurchased
|
85000000 | USD |
us-gaap |
Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
|
561418 | shares | |
us-gaap |
Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
|
44.5301 | ||
CY2012Q2 | wpc |
Purchase Price Percent Of Shares
PurchasePricePercentOfShares
|
0.96 |