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Consolidated Statements of Income (Unaudited) (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Sep. 30, 2014
Sep. 30, 2013
Real estate revenues:        
Lease revenues $ 149,243 $ 75,702 $ 420,563 $ 222,145
Operating property revenues 8,338 248 21,580 706
Reimbursable tenant costs 6,271 3,624 18,034 9,781
Lease termination income and other 360 236 15,841 1,319
Total real estate revenue 164,212 79,810 476,018 233,951
Revenues from the Managed REITs:        
Reimbursable costs 14,722 23,259 96,379 50,694
Asset management revenue 9,088 10,961 27,910 31,330
Structuring revenue 5,487 14,775 40,492 27,539
Dealer manager fees 2,436 3,787 17,062 7,329
Revenue from affiliates 31,733 52,782 181,843 116,892
Total revenues 195,945 132,592 657,861 350,843
Operating Expenses        
Depreciation and amortization 59,524 30,534 175,642 89,681
Reimbursable tenant and affiliate costs 20,993 26,883 114,413 60,475
General and administrative 20,261 15,739 62,066 47,336
Property expenses, excluding reimbursable tenant costs 10,391 1,824 30,021 5,871
Stock-based compensation expense 7,979 7,852 22,979 25,430
Impairment charges 4,225 0 6,291 0
Dealer manager fees and expenses 3,847 4,296 15,557 9,421
Merger and property acquisition expenses 618 3,630 31,369 6,879
Subadvisor fees 381 867 2,850 2,537
Total operating expenses 128,219 91,625 461,188 247,630
Other Income and Expenses        
Net income from equity investments in real estate and the Managed REITs 11,610 9,180 35,324 52,377
Gain on change in control of interests 0 0 104,645 0
Interest expense (46,534) (26,262) (133,342) (77,596)
Other income and (expenses) (4,080) 2,778 (10,403) 6,627
Total other income and expenses (39,004) (14,304) (3,776) (18,592)
Income from continuing operations before income taxes and gain (loss) on sale of real estate 28,722 26,663 192,897 84,621
Provision for income taxes (901) (5,391) (11,175) (3,050)
Income from continuing operations before gain (loss) on sale of real estate 27,821 21,272 181,722 81,571
Income from discontinued operations, net of tax 235 378 33,063 2,066
Gain (loss) on sale of real estate, net of tax 260 0 (3,482) (332)
Net Income 28,316 21,650 211,303 83,305
Net income attributable to noncontrolling interests (993) (2,912) (4,914) (7,312)
Net loss (income) attributable to redeemable noncontrolling interest 14 (232) (137) (139)
Net Income Attributable to W. P. Carey 27,337 18,506 206,252 75,854
Basic Earnings Per Share        
Income from continuing operations attributable to W. P. Carey (in dollars per share) $ 0.27 $ 0.27 $ 1.78 $ 1.08
Income (loss) from discontinued operations attributable to W. P. Carey (in dollars per share) $ 0.00 $ 0.00 $ 0.34 $ 0.02
Net Income Attributable to W. P. Carey (in dollars per share) $ 0.27 $ 0.27 $ 2.12 $ 1.10
Diluted Earnings Per Share        
Income from continuing operations attributable to W. P. Carey (in dollars per share) $ 0.27 $ 0.27 $ 1.76 $ 1.06
Income (loss) from discontinued operations attributable to W. P. Carey (in dollars per share) $ 0.00 $ 0.00 $ 0.34 $ 0.02
Net Income Attributable to W. P. Carey (in dollars per share) $ 0.27 $ 0.27 $ 2.10 $ 1.08
Weighted-Average Shares Outstanding        
Basic (in shares) 100,282,082 68,397,176 96,690,675 68,719,264
Diluted (in shares) 101,130,448 69,400,825 97,728,981 69,846,320
Amounts Attributable to W. P. Carey        
Income from continuing operations, net of tax 27,107 18,541 173,016 74,809
Income (loss) from discontinued operations, net of tax 230 (35) 33,236 1,045
Net Income Attributable to W. P. Carey $ 27,337 $ 18,506 $ 206,252 $ 75,854
Distributions Declared Per Share $ 0.940 $ 0.860 $ 2.735 $ 2.520