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Consolidated Statements of Income (USD $)
In Thousands, except Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Dec. 31, 2012
Real estate revenues:      
Lease revenues $ 573,829us-gaap_OperatingLeasesIncomeStatementLeaseRevenue $ 299,624us-gaap_OperatingLeasesIncomeStatementLeaseRevenue $ 119,296us-gaap_OperatingLeasesIncomeStatementLeaseRevenue
Operating property revenues 28,913us-gaap_OtherRealEstateRevenue 956us-gaap_OtherRealEstateRevenue 925us-gaap_OtherRealEstateRevenue
Reimbursable tenant costs 24,862us-gaap_ReimbursementRevenue 13,314us-gaap_ReimbursementRevenue 7,468us-gaap_ReimbursementRevenue
Lease termination income and other 15,526us-gaap_OtherSalesRevenueNet 2,071us-gaap_OtherSalesRevenueNet 1,492us-gaap_OtherSalesRevenueNet
Total real estate revenue 643,130wpc_RealEstateRevenueandOther 315,965wpc_RealEstateRevenueandOther 129,181wpc_RealEstateRevenueandOther
Revenues from the Managed REITS:      
Reimbursable costs 130,212wpc_RelatedPartyReimbursementRevenue 73,572wpc_RelatedPartyReimbursementRevenue 98,245wpc_RelatedPartyReimbursementRevenue
Structuring revenue 71,256wpc_StructuringRevenue 46,589wpc_StructuringRevenue 48,355wpc_StructuringRevenue
Asset management revenue 38,063us-gaap_ManagementFeesRevenue 42,670us-gaap_ManagementFeesRevenue 56,666us-gaap_ManagementFeesRevenue
Dealer manager fees 23,532wpc_WholesalingRevenue 10,856wpc_WholesalingRevenue 19,914wpc_WholesalingRevenue
Incentive, termination and subordinated disposition revenue 0wpc_IncentiveTerminationAndSubordinatedDispositionRevenue 199wpc_IncentiveTerminationAndSubordinatedDispositionRevenue 0wpc_IncentiveTerminationAndSubordinatedDispositionRevenue
Revenues from managed REITs 263,063us-gaap_InvestmentAdvisoryManagementAndAdministrativeFees 173,886us-gaap_InvestmentAdvisoryManagementAndAdministrativeFees 223,180us-gaap_InvestmentAdvisoryManagementAndAdministrativeFees
Total revenues 906,193us-gaap_Revenues 489,851us-gaap_Revenues 352,361us-gaap_Revenues
Operating Expenses      
Depreciation and amortization 237,123us-gaap_DepreciationAndAmortization 121,822us-gaap_DepreciationAndAmortization 44,427us-gaap_DepreciationAndAmortization
Reimbursable tenant and affiliate costs 155,074us-gaap_CostOfReimbursableExpense 86,886us-gaap_CostOfReimbursableExpense 105,713us-gaap_CostOfReimbursableExpense
General and administrative 91,588us-gaap_GeneralAndAdministrativeExpense 67,063us-gaap_GeneralAndAdministrativeExpense 68,854us-gaap_GeneralAndAdministrativeExpense
Property expenses, excluding reimbursable tenant costs 37,725us-gaap_OccupancyNet 8,082us-gaap_OccupancyNet 4,555us-gaap_OccupancyNet
Merger and property acquisition expenses 34,465us-gaap_BusinessCombinationAcquisitionRelatedCosts 9,230us-gaap_BusinessCombinationAcquisitionRelatedCosts 31,639us-gaap_BusinessCombinationAcquisitionRelatedCosts
Stock-based compensation expense 31,075us-gaap_AllocatedShareBasedCompensationExpense 37,195us-gaap_AllocatedShareBasedCompensationExpense 26,052us-gaap_AllocatedShareBasedCompensationExpense
Impairment charges 23,067us-gaap_ImpairmentOfRealEstate 5,294us-gaap_ImpairmentOfRealEstate 0us-gaap_ImpairmentOfRealEstate
Dealer manager fees and expenses 21,760us-gaap_OtherCostOfOperatingRevenue 13,028us-gaap_OtherCostOfOperatingRevenue 17,787us-gaap_OtherCostOfOperatingRevenue
Subadvisor fees 5,501wpc_AdvisoryExpense 4,106wpc_AdvisoryExpense 464wpc_AdvisoryExpense
Total operating expenses 637,378us-gaap_CostsAndExpenses 352,706us-gaap_CostsAndExpenses 299,491us-gaap_CostsAndExpenses
Other Income and Expenses      
Interest expense (178,122)us-gaap_InterestExpense (103,728)us-gaap_InterestExpense (46,448)us-gaap_InterestExpense
Gain on change in control of interests 105,947wpc_GainOnChangeInControlOfInterests 0wpc_GainOnChangeInControlOfInterests 20,744wpc_GainOnChangeInControlOfInterests
Equity in earnings of equity method investments in real estate and the Managed REITs 44,116us-gaap_IncomeLossFromEquityMethodInvestments 52,731us-gaap_IncomeLossFromEquityMethodInvestments 62,392us-gaap_IncomeLossFromEquityMethodInvestments
Other income and (expenses) (11,977)us-gaap_OtherNonoperatingIncomeExpense 9,421us-gaap_OtherNonoperatingIncomeExpense 2,389us-gaap_OtherNonoperatingIncomeExpense
Total other income and expenses (40,036)us-gaap_NonoperatingIncomeExpense (41,576)us-gaap_NonoperatingIncomeExpense 39,077us-gaap_NonoperatingIncomeExpense
Income from continuing operations before income taxes and gain (loss) on sale of real estate 228,779us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest 95,569us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest 91,947us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
Provision for income taxes (17,609)us-gaap_IncomeTaxExpenseBenefit (1,252)us-gaap_IncomeTaxExpenseBenefit (6,772)us-gaap_IncomeTaxExpenseBenefit
Income from continuing operations before gain (loss) on sale of real estate 211,170us-gaap_IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest 94,317us-gaap_IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest 85,175us-gaap_IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
Income (loss) from discontinued operations, net of tax 33,318us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTax 38,180us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTax (24,735)us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTax
Gain (loss) on sale of real estate, net of tax 1,581us-gaap_GainsLossesOnSalesOfInvestmentRealEstate (332)us-gaap_GainsLossesOnSalesOfInvestmentRealEstate 2,339us-gaap_GainsLossesOnSalesOfInvestmentRealEstate
Net Income 246,069us-gaap_ProfitLoss 132,165us-gaap_ProfitLoss 62,779us-gaap_ProfitLoss
Net income attributable to noncontrolling interests (6,385)us-gaap_NetIncomeLossAttributableToNoncontrollingInterest (32,936)us-gaap_NetIncomeLossAttributableToNoncontrollingInterest (607)us-gaap_NetIncomeLossAttributableToNoncontrollingInterest
Net loss (income) attributable to redeemable noncontrolling interest 142us-gaap_NetIncomeLossAttributableToRedeemableNoncontrollingInterest (353)us-gaap_NetIncomeLossAttributableToRedeemableNoncontrollingInterest (40)us-gaap_NetIncomeLossAttributableToRedeemableNoncontrollingInterest
Net Income Attributable to W. P. Carey 239,826us-gaap_NetIncomeLoss 98,876us-gaap_NetIncomeLoss 62,132us-gaap_NetIncomeLoss
Basic Earnings Per Share      
Income from continuing operations attributable to W. P. Carey $ 2.08us-gaap_IncomeLossFromContinuingOperationsPerBasicShare $ 1.22us-gaap_IncomeLossFromContinuingOperationsPerBasicShare $ 1.83us-gaap_IncomeLossFromContinuingOperationsPerBasicShare
Income (loss) from discontinued operations attributable to W. P. Carey $ 0.34us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare $ 0.21us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare $ (0.53)us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
Net Income Attributable to W. P. Carey $ 2.42us-gaap_EarningsPerShareBasic $ 1.43us-gaap_EarningsPerShareBasic $ 1.30us-gaap_EarningsPerShareBasic
Diluted Earnings Per Share      
Income from continuing operations attributable to W. P. Carey $ 2.06us-gaap_IncomeLossFromContinuingOperationsPerDilutedShare $ 1.21us-gaap_IncomeLossFromContinuingOperationsPerDilutedShare $ 1.80us-gaap_IncomeLossFromContinuingOperationsPerDilutedShare
Income (loss) from discontinued operations attributable to W. P. Carey $ 0.33us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare $ 0.20us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare $ (0.52)us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
Net Income Attributable to W. P. Carey $ 2.39us-gaap_EarningsPerShareDiluted $ 1.41us-gaap_EarningsPerShareDiluted $ 1.28us-gaap_EarningsPerShareDiluted
Weighted-Average Shares Outstanding      
Basic 98,764,164us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 68,691,046us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 47,389,460us-gaap_WeightedAverageNumberOfSharesOutstandingBasic
Diluted 99,827,356us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 69,708,008us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 48,078,474us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding
Amounts Attributable to W. P. Carey      
Income from continuing operations, net of tax 206,329us-gaap_IncomeLossFromContinuingOperations 84,637us-gaap_IncomeLossFromContinuingOperations 87,571us-gaap_IncomeLossFromContinuingOperations
Income (loss) from discontinued operations, net of tax 33,497us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity 14,239us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity (25,439)us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
Net Income Attributable to W. P. Carey $ 239,826us-gaap_NetIncomeLoss $ 98,876us-gaap_NetIncomeLoss $ 62,132us-gaap_NetIncomeLoss