$WPC
W. P. Carey Inc.

2023 Q4 Form 10-Q Financial Statement

#000162828023036734 Filed on November 03, 2023

View on sec.gov

Income Statement

Concept 2023 Q4 2023 Q3
Revenue $412.4M $448.6M
YoY Change 2.44% 16.93%
Cost Of Revenue $52.68M $97.00K
YoY Change 12.59% -71.8%
Gross Profit $359.8M $448.5M
YoY Change 1.1% 17.01%
Gross Profit Margin 87.23% 99.98%
Selling, General & Admin $30.23M $32.31M
YoY Change -6.9% 16.17%
% of Gross Profit 8.4% 7.2%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $129.5M $149.8M
YoY Change -11.06% 9.78%
% of Gross Profit 35.99% 33.41%
Operating Expenses $159.7M $177.1M
YoY Change -7.8% 10.68%
Operating Profit $200.0M $271.4M
YoY Change 9.54% 21.54%
Interest Expense -$67.19M $76.97M
YoY Change 9.01% 30.42%
% of Operating Profit -33.59% 28.36%
Other Income/Expense, Net -$38.33M -$61.87M
YoY Change -137.01% 154.84%
Pretax Income $158.0M $130.1M
YoY Change -26.75% 15.6%
Income Tax $13.71M $5.090M
% Of Pretax Income 8.68% 3.91%
Net Earnings $144.3M $125.0M
YoY Change -31.14% 19.17%
Net Earnings / Revenue 34.99% 27.88%
Basic Earnings Per Share
Diluted Earnings Per Share $0.66 $0.58
COMMON SHARES
Basic Shares Outstanding 218.7M shares 213.9M shares
Diluted Shares Outstanding 215.3M shares

Balance Sheet

Concept 2023 Q4 2023 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $633.9M $136.4M
YoY Change 277.31% -26.81%
Cash & Equivalents $633.9M $136.4M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory $37.12M $102.0M
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $671.0M $238.5M
YoY Change 195.77% 5.7%
LONG-TERM ASSETS
Property, Plant & Equipment $10.35B $12.81B
YoY Change -19.11% 3.65%
Goodwill $978.3M $1.034B
YoY Change -5.7% 1.08%
Intangibles
YoY Change
Long-Term Investments $354.3M $351.5M
YoY Change 8.17% 18.1%
Other Assets $58.11M $77.49M
YoY Change 3.5% 21.84%
Total Long-Term Assets $17.31B $18.39B
YoY Change -3.19% 4.8%
TOTAL ASSETS
Total Short-Term Assets $671.0M $238.5M
Total Long-Term Assets $17.31B $18.39B
Total Assets $17.98B $18.63B
YoY Change -0.69% 4.81%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $615.8M $639.0M
YoY Change 28.94% 7.54%
Accrued Expenses $138.7M
YoY Change -5.17%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $808.1M $872.3M
YoY Change -5.17% 6.58%
LONG-TERM LIABILITIES
Long-Term Debt $8.144B $8.288B
YoY Change 3.38% 6.48%
Other Long-Term Liabilities $136.9M $153.0M
YoY Change -25.85% -17.22%
Total Long-Term Liabilities $8.281B $8.441B
YoY Change 2.71% 5.93%
TOTAL LIABILITIES
Total Short-Term Liabilities $808.1M $872.3M
Total Long-Term Liabilities $8.281B $8.441B
Total Liabilities $9.270B $9.485B
YoY Change 1.94% 5.85%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock $219.0K $214.0K
YoY Change 3.79% 2.88%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $8.700B $9.134B
YoY Change
Total Liabilities & Shareholders Equity $17.98B $18.63B
YoY Change -0.69% 4.81%

Cashflow Statement

Concept 2023 Q4 2023 Q3
OPERATING ACTIVITIES
Net Income $144.3M $125.0M
YoY Change -31.14% 19.17%
Depreciation, Depletion And Amortization $129.5M $149.8M
YoY Change -11.06% 9.78%
Cash From Operating Activities $260.7M $282.4M
YoY Change -13.38% 10.45%
INVESTING ACTIVITIES
Capital Expenditures $334.6M $41.25M
YoY Change 119.41% -109.67%
Acquisitions
YoY Change
Other Investing Activities $221.2M $154.3M
YoY Change 85.3% -576.85%
Cash From Investing Activities -$113.4M $113.1M
YoY Change 242.41% -124.64%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 322.0M -464.9M
YoY Change -205.16% -280.54%
NET CHANGE
Cash From Operating Activities 260.7M 282.4M
Cash From Investing Activities -113.4M 113.1M
Cash From Financing Activities 322.0M -464.9M
Net Change In Cash 469.4M -69.50M
YoY Change -1327.18% -228.05%
FREE CASH FLOW
Cash From Operating Activities $260.7M $282.4M
Capital Expenditures $334.6M $41.25M
Free Cash Flow -$73.86M $241.1M
YoY Change -149.73% -64.66%

Facts In Submission

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us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
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-6612000 usd
us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
155000 usd
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
23102000 usd
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Other Longterm Incentive Plans Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationOtherLongtermIncentivePlansRequisiteServicePeriodRecognition
0 usd
us-gaap Noncontrolling Interest Increase From Business Combination
NoncontrollingInterestIncreaseFromBusinessCombination
14367000 usd
us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
176000 usd
us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
3.177
us-gaap Dividends
Dividends
633745000 usd
us-gaap Profit Loss
ProfitLoss
388979000 usd
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-109198000 usd
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
50956000 usd
us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
-18688000 usd
CY2022Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
8813897000 usd
us-gaap Profit Loss
ProfitLoss
564020000 usd
us-gaap Profit Loss
ProfitLoss
388979000 usd
us-gaap Depreciation Amortization And Accretion Net
DepreciationAmortizationAndAccretionNet
459830000 usd
us-gaap Depreciation Amortization And Accretion Net
DepreciationAmortizationAndAccretionNet
374163000 usd
us-gaap Gain Loss On Sale Of Properties
GainLossOnSaleOfProperties
181958000 usd
us-gaap Gain Loss On Sale Of Properties
GainLossOnSaleOfProperties
37631000 usd
us-gaap Straight Line Rent Adjustments
StraightLineRentAdjustments
-55671000 usd
us-gaap Straight Line Rent Adjustments
StraightLineRentAdjustments
-42342000 usd
wpc Amortization Of Rent Related Intangibles And Deferred Rental Revenue
AmortizationOfRentRelatedIntangiblesAndDeferredRentalRevenue
27694000 usd
wpc Amortization Of Rent Related Intangibles And Deferred Rental Revenue
AmortizationOfRentRelatedIntangiblesAndDeferredRentalRevenue
34378000 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
25811000 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
23102000 usd
us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
15173000 usd
us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
26385000 usd
us-gaap Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
15107000 usd
us-gaap Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
26276000 usd
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
14569000 usd
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
23477000 usd
us-gaap Provision For Loan Lease And Other Losses
ProvisionForLoanLeaseAndOtherLosses
-6113000 usd
us-gaap Provision For Loan Lease And Other Losses
ProvisionForLoanLeaseAndOtherLosses
-27777000 usd
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-2706000 usd
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-1561000 usd
wpc Realized Gain Loss On Foreign Currency Transactions And Other
RealizedGainLossOnForeignCurrencyTransactionsAndOther
1837000 usd
wpc Realized Gain Loss On Foreign Currency Transactions And Other
RealizedGainLossOnForeignCurrencyTransactionsAndOther
-22322000 usd
wpc Gain Loss On Change In Control Of Interests
GainLossOnChangeInControlOfInterests
0 usd
wpc Gain Loss On Change In Control Of Interests
GainLossOnChangeInControlOfInterests
33931000 usd
us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 usd
us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
29334000 usd
wpc Management Income Received In Shares Of Affiliates
ManagementIncomeReceivedInSharesOfAffiliates
0 usd
wpc Management Income Received In Shares Of Affiliates
ManagementIncomeReceivedInSharesOfAffiliates
1024000 usd
us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
32094000 usd
us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
54668000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
812687000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
702528000 usd
us-gaap Payments To Acquire Real Estate
PaymentsToAcquireRealEstate
908271000 usd
us-gaap Payments To Acquire Real Estate
PaymentsToAcquireRealEstate
1013950000 usd
us-gaap Proceeds From Sale Of Real Estate Heldforinvestment
ProceedsFromSaleOfRealEstateHeldforinvestment
187678000 usd
us-gaap Proceeds From Sale Of Real Estate Heldforinvestment
ProceedsFromSaleOfRealEstateHeldforinvestment
170341000 usd
wpc Payments To Acquire Real Estate Under Construction
PaymentsToAcquireRealEstateUnderConstruction
90149000 usd
wpc Payments To Acquire Real Estate Under Construction
PaymentsToAcquireRealEstateUnderConstruction
83721000 usd
us-gaap Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
36595000 usd
us-gaap Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
69127000 usd
us-gaap Proceeds From Collection Of Loans Receivable
ProceedsFromCollectionOfLoansReceivable
28000000 usd
us-gaap Proceeds From Collection Of Loans Receivable
ProceedsFromCollectionOfLoansReceivable
34000000 usd
wpc Tenant Funded Escrow For Investing Activities
TenantFundedEscrowForInvestingActivities
21717000 usd
wpc Tenant Funded Escrow For Investing Activities
TenantFundedEscrowForInvestingActivities
0 usd
us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
10081000 usd
us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
7447000 usd
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
4987000 usd
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
16945000 usd
us-gaap Payments To Acquire Businesses Gross
PaymentsToAcquireBusinessesGross
0 usd
us-gaap Payments To Acquire Businesses Gross
PaymentsToAcquireBusinessesGross
423435000 usd
us-gaap Cash Acquired From Acquisition
CashAcquiredFromAcquisition
0 usd
us-gaap Cash Acquired From Acquisition
CashAcquiredFromAcquisition
331063000 usd
us-gaap Proceeds From Sale And Maturity Of Trading Securities Heldforinvestment
ProceedsFromSaleAndMaturityOfTradingSecuritiesHeldforinvestment
0 usd
us-gaap Proceeds From Sale And Maturity Of Trading Securities Heldforinvestment
ProceedsFromSaleAndMaturityOfTradingSecuritiesHeldforinvestment
65000000 usd
us-gaap Payments For Advance To Affiliate
PaymentsForAdvanceToAffiliate
0 usd
us-gaap Payments For Advance To Affiliate
PaymentsForAdvanceToAffiliate
26000000 usd
us-gaap Repayment Of Notes Receivable From Related Parties
RepaymentOfNotesReceivableFromRelatedParties
0 usd
us-gaap Repayment Of Notes Receivable From Related Parties
RepaymentOfNotesReceivableFromRelatedParties
26000000 usd
us-gaap Payments To Acquire Loans Receivable
PaymentsToAcquireLoansReceivable
0 usd
us-gaap Payments To Acquire Loans Receivable
PaymentsToAcquireLoansReceivable
20098000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-792526000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-1019425000 usd
us-gaap Proceeds From Unsecured Lines Of Credit
ProceedsFromUnsecuredLinesOfCredit
2217896000 usd
us-gaap Proceeds From Unsecured Lines Of Credit
ProceedsFromUnsecuredLinesOfCredit
1460226000 usd
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
1977451000 usd
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
1357254000 usd
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
686163000 usd
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
613302000 usd
us-gaap Proceeds From Issuance Of Secured Debt
ProceedsFromIssuanceOfSecuredDebt
546014000 usd
us-gaap Proceeds From Issuance Of Secured Debt
ProceedsFromIssuanceOfSecuredDebt
283139000 usd
us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
251028000 usd
us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
51548000 usd
us-gaap Proceeds From Other Equity
ProceedsFromOtherEquity
249806000 usd
us-gaap Proceeds From Other Equity
ProceedsFromOtherEquity
97456000 usd
wpc Prepayment Of Mortgage Principal
PrepaymentOfMortgagePrincipal
99388000 usd
wpc Prepayment Of Mortgage Principal
PrepaymentOfMortgagePrincipal
10381000 usd
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
14696000 usd
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
2128000 usd
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
13679000 usd
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
6612000 usd
us-gaap Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
3059000 usd
us-gaap Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
176000 usd
us-gaap Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
2886000 usd
us-gaap Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
0 usd
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
11781000 usd
us-gaap Proceeds From Issuance Of Senior Long Term Debt
ProceedsFromIssuanceOfSeniorLongTermDebt
0 usd
us-gaap Proceeds From Issuance Of Senior Long Term Debt
ProceedsFromIssuanceOfSeniorLongTermDebt
334775000 usd
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
0 usd
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
218081000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-29420000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
364057000 usd
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-958000 usd
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-15097000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
32063000 usd
us-gaap Nature Of Operations
NatureOfOperations
Business and Organization<div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">W. P. Carey Inc. (“W. P. Carey”) is a REIT that, together with our consolidated subsidiaries, invests primarily in operationally-critical, single-tenant commercial real estate properties located in the United States and Northern and Western Europe on a long-term basis. We earn revenue principally by leasing the properties we own to companies on a triple-net lease basis, which generally requires each tenant to pay the costs associated with operating and maintaining the property.</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Founded in 1973, our shares of common stock are listed on the New York Stock Exchange under the symbol “WPC.”</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We elected to be taxed as a REIT under Section 856 through 860 of the Internal Revenue Code effective as of February 15, 2012. As a REIT, we are not subject to federal income taxes on income and gains that we distribute to our stockholders as long as we satisfy certain requirements, principally relating to the nature of our income and the level of our distributions, as well as other factors. We also own real property in jurisdictions outside the United States through foreign subsidiaries and are subject to income taxes on our pre-tax income earned from properties in such countries.</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">In September 2023, we announced a plan to exit the office assets within our portfolio by (i) spinning-off 59 office properties into Net Lease Office Properties (“NLOP”), so that it will become a separate publicly-traded REIT (the “Spin-Off”), and (ii) implementing an asset sale program to dispose of 87 office properties retained by us (the “Office Sale Program”), which is targeted to be substantially completed in early 2024. NLOP was a wholly-owned subsidiary of WPC as of September 30, 2023.</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">On November 1, 2023, we completed the Spin-Off, contributing 59 office properties to NLOP. Following the closing of the Spin-Off, NLOP operates as a separate publicly-traded REIT, which we externally manage pursuant to certain advisory agreements (the “NLOP Advisory Agreements”) (</span><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;text-decoration:underline"><a href="#i5b5455febc0c498a9359a8a526f4cb76_88" style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;text-decoration:underline">Note 17</a></span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">).</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">On August 1, 2022, a non-traded REIT that we previously advised, Corporate Property Associates 18 – Global Incorporated (“CPA:18 – Global”) merged with and into one of our indirect subsidiaries (the “CPA:18 Merger”). At September 30, 2023, we were the advisor to Carey European Student Housing Fund I, L.P. (“CESH”), a limited partnership formed for the purpose of developing, owning, and operating student housing properties in Europe (</span><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;text-decoration:underline"><a href="#i5b5455febc0c498a9359a8a526f4cb76_49" style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;text-decoration:underline">Note 4</a></span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">). We refer to CPA:18 – Global (prior to the CPA:18 Merger) and CESH collectively as the “Managed Programs.”</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Reportable Segments</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Real Estate</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> — Lease revenues from our real estate investments generate the vast majority of our earnings. We invest primarily in commercial properties located in the United States and Northern and Western Europe, which are leased to companies on a triple-net lease basis. At September 30, 2023, our portfolio was comprised of our full or partial ownership interests in 1,472 properties, totaling approximately 179 million square feet, substantially all of which were net leased to 395 tenants, with a weighted-average lease term of 11.0 years and an occupancy rate of 98.9%. In addition, at September 30, 2023, our portfolio was comprised of full or partial ownership interests in 98 operating properties, including 86 self-storage properties, ten hotels, and two student housing properties, totaling approximately 7.5 million square feet.</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Investment Management</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> — We manage the real estate investment portfolio for CESH, for which we earn asset management revenue. We may also be entitled to receive certain distributions pursuant to our advisory arrangements with CESH. At September 30, 2023, CESH wholly owned one build-to-suit project.</span></div>
CY2023Q3 wpc Variable Interest Entities Count
VariableInterestEntitiesCount
15 vie
CY2022Q4 wpc Variable Interest Entities Count
VariableInterestEntitiesCount
16 vie
CY2023Q3 wpc Variable Interest Entities Consolidated Count
VariableInterestEntitiesConsolidatedCount
10 vie
CY2022Q4 wpc Variable Interest Entities Consolidated Count
VariableInterestEntitiesConsolidatedCount
11 vie
CY2022Q4 wpc Variable Interest Entities Unconsolidated Count
VariableInterestEntitiesUnconsolidatedCount
5 vie
CY2023Q3 wpc Variable Interest Entities Unconsolidated Count
VariableInterestEntitiesUnconsolidatedCount
5 vie
us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Reclassifications</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Certain prior period amounts have been reclassified to conform to the current period presentation.</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Amounts due from affiliates are now included within Other assets, net in the consolidated balance sheets. Previously, such amounts were included within Due from affiliates in the consolidated balance sheets.</span></div>
us-gaap Revenue Recognition Leases
RevenueRecognitionLeases
Revenue RecognitionThere have been no significant changes in our policies for revenue from contracts under Accounting Standards Codification (“ASC”) 606 from what was disclosed in the 2022 Annual Report. ASC 606 does not apply to our lease revenues, which constitute a majority of our revenues, but primarily applies to revenues generated from our hotel operating properties and our Investment Management segment. Revenue from contracts under ASC 606 from our Investment Management segment is discussed in <span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;text-decoration:underline"><a href="#i5b5455febc0c498a9359a8a526f4cb76_49" style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;text-decoration:underline">Note 4</a></span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">.</span>
CY2023Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
136438000 usd
CY2022Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
167996000 usd
CY2023Q3 us-gaap Restricted Cash
RestrictedCash
77486000 usd
CY2022Q4 us-gaap Restricted Cash
RestrictedCash
56145000 usd
CY2023Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
213924000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
224141000 usd
CY2022Q3 us-gaap Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
397915000 usd
us-gaap Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
1187887000 usd
wpc Percentage Of Available Cash Distribution To Advisor
PercentageOfAvailableCashDistributionToAdvisor
0.10
CY2023Q3 wpc Number Of Jointly Owned Investments
NumberOfJointlyOwnedInvestments
8 investment
CY2023Q3 wpc Number Of Jointly Owned Investments Equity Method Investments
NumberOfJointlyOwnedInvestmentsEquityMethodInvestments
4 investment
wpc Funds Capitalized For Construction In Progress
FundsCapitalizedForConstructionInProgress
72600000 usd
wpc Number Of Construction Projects During Period
NumberOfConstructionProjectsDuringPeriod
12 property
CY2022 wpc Number Of Construction Projects During Period
NumberOfConstructionProjectsDuringPeriod
8 property
CY2023Q3 wpc Unfunded Commitment
UnfundedCommitment
94400000 usd
CY2022Q4 wpc Unfunded Commitment
UnfundedCommitment
61100000 usd
CY2023Q3 us-gaap Sales Type Lease Net Investment In Lease After Allowance For Credit Loss
SalesTypeLeaseNetInvestmentInLeaseAfterAllowanceForCreditLoss
233590000 usd
CY2023Q3 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
200000 usd
CY2022Q3 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
300000 usd
us-gaap Interest Costs Capitalized
InterestCostsCapitalized
300000 usd
us-gaap Interest Costs Capitalized
InterestCostsCapitalized
1300000 usd
CY2023Q3 wpc End Of Lease Payments
EndOfLeasePayments
1700000 usd
wpc End Of Lease Payments
EndOfLeasePayments
7300000 usd
us-gaap Gain Loss On Termination Of Lease
GainLossOnTerminationOfLease
11400000 usd
CY2022Q3 us-gaap Gain Loss On Termination Of Lease
GainLossOnTerminationOfLease
4200000 usd
CY2022Q3 wpc End Of Lease Payments
EndOfLeasePayments
3800000 usd
wpc End Of Lease Payments
EndOfLeasePayments
10000000 usd
us-gaap Gain Loss On Termination Of Lease
GainLossOnTerminationOfLease
8200000 usd
CY2023Q3 us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
325481000 usd
CY2022Q3 us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
295433000 usd
us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
958015000 usd
us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
852843000 usd
CY2023Q3 us-gaap Operating Lease Variable Lease Income
OperatingLeaseVariableLeaseIncome
43678000 usd
CY2022Q3 us-gaap Operating Lease Variable Lease Income
OperatingLeaseVariableLeaseIncome
36469000 usd
us-gaap Operating Lease Variable Lease Income
OperatingLeaseVariableLeaseIncome
132604000 usd
us-gaap Operating Lease Variable Lease Income
OperatingLeaseVariableLeaseIncome
101138000 usd
CY2023Q3 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
369159000 usd
CY2022Q3 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
331902000 usd
us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
1090619000 usd
us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
953981000 usd
CY2023Q3 wpc Assets Held For Sale Not Part Of Disposal Group Accumulated Depreciation
AssetsHeldForSaleNotPartOfDisposalGroupAccumulatedDepreciation
27611000 usd
CY2022Q4 wpc Assets Held For Sale Not Part Of Disposal Group Accumulated Depreciation
AssetsHeldForSaleNotPartOfDisposalGroupAccumulatedDepreciation
3254000 usd
CY2023Q3 wpc Real Estate Investments Net Including Real Estate Held For Sale
RealEstateInvestmentsNetIncludingRealEstateHeldForSale
102015000 usd
CY2022Q4 wpc Real Estate Investments Net Including Real Estate Held For Sale
RealEstateInvestmentsNetIncludingRealEstateHeldForSale
57944000 usd
CY2022Q4 us-gaap Assets
Assets
18102035000 usd
CY2022Q4 us-gaap Sales Type Lease Net Investment In Lease After Allowance For Credit Loss
SalesTypeLeaseNetInvestmentInLeaseAfterAllowanceForCreditLoss
234198000 usd
CY2023Q3 wpc Mortgage Loans Receivable Net
MortgageLoansReceivableNet
11250000 usd
CY2022Q4 wpc Mortgage Loans Receivable Net
MortgageLoansReceivableNet
39250000 usd
CY2023Q3 wpc Net Investment In Lease And Loans Receivable Before Allowance For Credit Loss
NetInvestmentInLeaseAndLoansReceivableBeforeAllowanceForCreditLoss
1172671000 usd
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771761000 usd
CY2022Q4 wpc Loans Receivable Sales Type Lease Allowance For Credit Loss
LoansReceivableSalesTypeLeaseAllowanceForCreditLoss
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CY2023Q3 us-gaap Direct Financing Lease Lease Receivable
DirectFinancingLeaseLeaseReceivable
293617000 usd
CY2022Q4 us-gaap Direct Financing Lease Lease Receivable
DirectFinancingLeaseLeaseReceivable
332618000 usd
CY2023Q3 us-gaap Direct Financing Lease Unguaranteed Residual Asset
DirectFinancingLeaseUnguaranteedResidualAsset
444892000 usd
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DirectFinancingLeaseUnguaranteedResidualAsset
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CY2023Q3 wpc Direct Financing Lease Net Investment In Lease Excluding Deferred Selling Profit
DirectFinancingLeaseNetInvestmentInLeaseExcludingDeferredSellingProfit
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CY2022Q4 wpc Direct Financing Lease Net Investment In Lease Excluding Deferred Selling Profit
DirectFinancingLeaseNetInvestmentInLeaseExcludingDeferredSellingProfit
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CY2023Q3 us-gaap Direct Financing Lease Deferred Selling Profit
DirectFinancingLeaseDeferredSellingProfit
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DirectFinancingLeaseDeferredSellingProfit
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DirectFinancingLeaseNetInvestmentInLeaseAllowanceForCreditLoss
2620000 usd
CY2022Q4 us-gaap Direct Financing Lease Net Investment In Lease Allowance For Credit Loss
DirectFinancingLeaseNetInvestmentInLeaseAllowanceForCreditLoss
8733000 usd
CY2023Q3 us-gaap Direct Financing Lease Net Investment In Lease
DirectFinancingLeaseNetInvestmentInLease
476410000 usd
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DirectFinancingLeaseNetInvestmentInLease
498313000 usd
CY2023Q3 us-gaap Direct Financing Lease Interest Income
DirectFinancingLeaseInterestIncome
12600000 usd
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DirectFinancingLeaseInterestIncome
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DirectFinancingLeaseInterestIncome
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us-gaap Direct Financing Lease Interest Income
DirectFinancingLeaseInterestIncome
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470836000 usd
CY2022Q4 us-gaap Sales Type Lease Lease Receivable
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19415000 usd
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ProceedsFromPrepaymentPenalty
600000 usd
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ProceedsFromPrepaymentPenalty
600000 usd
CY2023Q3 wpc Loans Receivable Sales Type Lease Interest Income
LoansReceivableSalesTypeLeaseInterestIncome
5300000 usd
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LoansReceivableSalesTypeLeaseInterestIncome
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LoansReceivableSalesTypeLeaseInterestIncome
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wpc Loans Receivable Sales Type Lease Interest Income
LoansReceivableSalesTypeLeaseInterestIncome
16600000 usd
CY2023Q3 us-gaap Notes Receivable Net
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1177391000 usd
CY2022Q4 us-gaap Notes Receivable Net
NotesReceivableNet
782594000 usd
CY2023Q3 wpc Intangible Assets Gross Including Goodwill
IntangibleAssetsGrossIncludingGoodwill
4375629000 usd
CY2023Q3 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
1657040000 usd
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2718589000 usd
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IntangibleAssetsGrossIncludingGoodwill
4414293000 usd
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FiniteLivedIntangibleAssetsAccumulatedAmortization
1587815000 usd
CY2022Q4 us-gaap Intangible Assets Net Including Goodwill
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2826478000 usd
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IntangibleLiabilitiesGross
233089000 usd
CY2023Q3 wpc Finite Lived Intangible Liabilities Accumulated Amortization
FiniteLivedIntangibleLiabilitiesAccumulatedAmortization
80040000 usd
CY2023Q3 wpc Intangible Liabilities Net
IntangibleLiabilitiesNet
153049000 usd
CY2022Q4 wpc Intangible Liabilities Gross
IntangibleLiabilitiesGross
309871000 usd
CY2022Q4 wpc Finite Lived Intangible Liabilities Accumulated Amortization
FiniteLivedIntangibleLiabilitiesAccumulatedAmortization
125287000 usd
CY2022Q4 wpc Intangible Liabilities Net
IntangibleLiabilitiesNet
184584000 usd
CY2023Q3 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
62600000 usd
CY2022Q3 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
62100000 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
193700000 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
165600000 usd
CY2023Q3 us-gaap Derivative Asset Collateral Obligation To Return Cash Offset
DerivativeAssetCollateralObligationToReturnCashOffset
0 usd
CY2022Q4 us-gaap Derivative Asset Collateral Obligation To Return Cash Offset
DerivativeAssetCollateralObligationToReturnCashOffset
0 usd
CY2023Q3 us-gaap Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
34486000 usd
CY2022Q4 us-gaap Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
39274000 usd
CY2023Q3 us-gaap Derivative Asset Fair Value Gross Liability
DerivativeAssetFairValueGrossLiability
612000 usd
CY2022Q4 us-gaap Derivative Asset Fair Value Gross Liability
DerivativeAssetFairValueGrossLiability
1693000 usd
CY2023Q3 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAndTax
7411000 usd
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OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAndTax
22430000 usd
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAndTax
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us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAndTax
47445000 usd
CY2023Q3 us-gaap Gain Loss On Derivative Instruments Net Pretax
GainLossOnDerivativeInstrumentsNetPretax
718000 usd
CY2022Q3 us-gaap Gain Loss On Derivative Instruments Net Pretax
GainLossOnDerivativeInstrumentsNetPretax
4240000 usd
us-gaap Gain Loss On Derivative Instruments Net Pretax
GainLossOnDerivativeInstrumentsNetPretax
124000 usd
us-gaap Gain Loss On Derivative Instruments Net Pretax
GainLossOnDerivativeInstrumentsNetPretax
9480000 usd
CY2023Q3 us-gaap Derivative Remaining Maturity1
DerivativeRemainingMaturity1
P59M
CY2023Q3 us-gaap Foreign Currency Cash Flow Hedge Derivative At Fair Value Net
ForeignCurrencyCashFlowHedgeDerivativeAtFairValueNet
26636000 usd
CY2023Q3 us-gaap Derivative Asset Collateral Obligation To Return Cash Offset
DerivativeAssetCollateralObligationToReturnCashOffset
0 usd
CY2023Q3 us-gaap Credit Derivative Maximum Exposure Undiscounted
CreditDerivativeMaximumExposureUndiscounted
30100000 usd
CY2023Q3 us-gaap Derivative Net Liability Position Aggregate Fair Value
DerivativeNetLiabilityPositionAggregateFairValue
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CY2022Q4 us-gaap Derivative Net Liability Position Aggregate Fair Value
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CY2023Q3 us-gaap Assets Needed For Immediate Settlement Aggregate Fair Value
AssetsNeededForImmediateSettlementAggregateFairValue
600000 usd
CY2022Q4 us-gaap Assets Needed For Immediate Settlement Aggregate Fair Value
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1700000 usd
CY2023Q3 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
108000000 usd
CY2022Q3 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
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us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
38600000 usd
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
528400000 usd
CY2022Q4 us-gaap Line Of Credit Facility Maximum Borrowing Capacity
LineOfCreditFacilityMaximumBorrowingCapacity
2750000000 usd
CY2023Q3 us-gaap Debt And Capital Lease Obligations
DebtAndCapitalLeaseObligations
1604824000 usd
CY2022Q4 us-gaap Debt And Capital Lease Obligations
DebtAndCapitalLeaseObligations
830406000 usd
CY2023Q3 us-gaap Debt Weighted Average Interest Rate
DebtWeightedAverageInterestRate
0.047
CY2023Q3 us-gaap Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year
LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear
111174000 usd
CY2023Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
1223399000 usd
CY2023Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
1903802000 usd
CY2023Q3 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
1.071
us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
3.207
CY2023Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
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1509747000 usd
CY2023Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
530368000 usd
CY2023Q3 wpc Long Term Debt Maturity After Year Four
LongTermDebtMaturityAfterYearFour
3063067000 usd
CY2023Q3 wpc Long Term Debt Before Unamortized Discount
LongTermDebtBeforeUnamortizedDiscount
8341557000 usd
CY2023Q3 us-gaap Debt Instrument Unamortized Discount Premium Net
DebtInstrumentUnamortizedDiscountPremiumNet
31472000 usd
CY2023Q3 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
22371000 usd
CY2023Q3 us-gaap Debt Longterm And Shortterm Combined Amount
DebtLongtermAndShorttermCombinedAmount
8287714000 usd
CY2023Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
9100000 usd
CY2022Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
5500000 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
25800000 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
23100000 usd
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Total Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodTotalFairValue
36000000 usd
CY2023Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
125040000 usd
CY2023Q3 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
125040000 usd
CY2022Q3 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
104928000 usd
CY2022Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
104928000 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
564040000 usd
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
564040000 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
389601000 usd
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
389601000 usd
CY2023Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
215097114 shares
CY2022Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
203093553 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
214052907 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
196382433 shares
CY2023Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
155855 shares
CY2022Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
1004563 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
374518 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
882076 shares
CY2023Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
215252969 shares
CY2022Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
204098116 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
214427425 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
197264509 shares
CY2023Q3 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
9400000 usd
CY2022Q3 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
8200000 usd
us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
33000000 usd
us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
23200000 usd
CY2023Q3 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-4300000 usd
CY2022Q3 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
100000 usd
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-2700000 usd
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-1600000 usd
us-gaap Number Of Operating Segments
NumberOfOperatingSegments
2 segment
CY2023Q3 us-gaap Revenues
Revenues
448553000 usd
CY2022Q3 us-gaap Revenues
Revenues
383622000 usd
us-gaap Revenues
Revenues
1328921000 usd
us-gaap Revenues
Revenues
1076457000 usd
CY2023Q3 us-gaap Costs And Expenses
CostsAndExpenses
256590000 usd
CY2022Q3 us-gaap Costs And Expenses
CostsAndExpenses
246811000 usd
us-gaap Costs And Expenses
CostsAndExpenses
735022000 usd
us-gaap Costs And Expenses
CostsAndExpenses
632189000 usd
CY2023Q3 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-61874000 usd
CY2022Q3 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-24280000 usd
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
459000 usd
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-33691000 usd
CY2023Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
5090000 usd
CY2022Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
8263000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
30338000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
21598000 usd
CY2023Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-41000 usd
CY2022Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-660000 usd
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-20000 usd
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-622000 usd
CY2023Q3 us-gaap Net Income Loss
NetIncomeLoss
125040000 usd
CY2022Q3 us-gaap Net Income Loss
NetIncomeLoss
104928000 usd
us-gaap Net Income Loss
NetIncomeLoss
564040000 usd
us-gaap Net Income Loss
NetIncomeLoss
389601000 usd
CY2023Q3 us-gaap Assets
Assets
18630239000 usd

Files In Submission

Name View Source Status
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wpc-20230930_def.xml Edgar Link unprocessable
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