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Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Dec. 31, 2012
Cash Flows — Operating Activities      
Net income $ 246,069us-gaap_ProfitLoss $ 132,165us-gaap_ProfitLoss $ 62,779us-gaap_ProfitLoss
Adjustments to net income:      
Depreciation and amortization, including intangible assets and deferred financing costs 248,549us-gaap_DepreciationAmortizationAndAccretionNet 140,316us-gaap_DepreciationAmortizationAndAccretionNet 55,114us-gaap_DepreciationAmortizationAndAccretionNet
Gain on change in control of interests (105,947)wpc_GainLossOnChangeInControlOfInterestsExcludingAllocationOfProfitSharingInterest 0wpc_GainLossOnChangeInControlOfInterestsExcludingAllocationOfProfitSharingInterest (20,794)wpc_GainLossOnChangeInControlOfInterestsExcludingAllocationOfProfitSharingInterest
Straight-line rent and amortization of rent-related intangibles 44,843wpc_StraightLineRentAdjustmentsAndAmortizationOfRentRelatedIntangibles 21,333wpc_StraightLineRentAdjustmentsAndAmortizationOfRentRelatedIntangibles 2,831wpc_StraightLineRentAdjustmentsAndAmortizationOfRentRelatedIntangibles
Management and disposition income received in shares of Managed REITs and other (39,866)wpc_ManagementIncomeReceivedInSharesOfAffiliates (33,572)wpc_ManagementIncomeReceivedInSharesOfAffiliates (28,477)wpc_ManagementIncomeReceivedInSharesOfAffiliates
Stock-based compensation expense 31,075us-gaap_ShareBasedCompensation 37,195us-gaap_ShareBasedCompensation 26,038us-gaap_ShareBasedCompensation
(Gain) loss on sale of real estate (29,250)us-gaap_GainLossOnSaleOfProperties (39,711)us-gaap_GainLossOnSaleOfProperties 2,773us-gaap_GainLossOnSaleOfProperties
Impairment charges 23,067us-gaap_AssetImpairmentCharges 13,709us-gaap_AssetImpairmentCharges 22,962us-gaap_AssetImpairmentCharges
Unrealized loss (gain) on derivatives and other 3,246us-gaap_UnrealizedGainLossOnDerivatives (7,529)us-gaap_UnrealizedGainLossOnDerivatives (1,861)us-gaap_UnrealizedGainLossOnDerivatives
Equity in earnings of equity method investments in real estate and the Managed REITs in excess of distributions received (1,307)us-gaap_IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions (10,177)us-gaap_IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions (17,271)us-gaap_IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions
Amortization of deferred revenue (786)us-gaap_RecognitionOfDeferredRevenue (9,436)us-gaap_RecognitionOfDeferredRevenue (9,436)us-gaap_RecognitionOfDeferredRevenue
Realized (gain) loss on extinguishment of debt and other (234)wpc_RealizedGainLossOnTheExtinguishmentOfDebtAndOther 1,375wpc_RealizedGainLossOnTheExtinguishmentOfDebtAndOther 595wpc_RealizedGainLossOnTheExtinguishmentOfDebtAndOther
Changes in assets and liabilities:      
Increase in structuring revenue receivable (23,713)wpc_IncreaseDecreaseInStructuringRevenueReceivable (13,788)wpc_IncreaseDecreaseInStructuringRevenueReceivable (20,304)wpc_IncreaseDecreaseInStructuringRevenueReceivable
Increase in current and deferred income taxes payable (19,087)us-gaap_IncreaseDecreaseInIncomeTaxes (21,978)us-gaap_IncreaseDecreaseInIncomeTaxes (6,936)us-gaap_IncreaseDecreaseInIncomeTaxes
Payments for withholding taxes upon delivery of equity-based awards and exercises of stock options (17,165)us-gaap_PaymentsRelatedToTaxWithholdingForShareBasedCompensation (11,476)us-gaap_PaymentsRelatedToTaxWithholdingForShareBasedCompensation (6,135)us-gaap_PaymentsRelatedToTaxWithholdingForShareBasedCompensation
Deferred acquisition fees received 15,724wpc_DeferredAcquisitionRevenueReceived 18,633wpc_DeferredAcquisitionRevenueReceived 21,059wpc_DeferredAcquisitionRevenueReceived
Decrease (increase) in prepaid taxes 6,394us-gaap_IncreaseDecreaseInPrepaidTaxes (5,967)us-gaap_IncreaseDecreaseInPrepaidTaxes (11,341)us-gaap_IncreaseDecreaseInPrepaidTaxes
Net changes in other operating assets and liabilities 17,480us-gaap_IncreaseDecreaseInOtherOperatingCapitalNet (3,184)us-gaap_IncreaseDecreaseInOtherOperatingCapitalNet 9,047us-gaap_IncreaseDecreaseInOtherOperatingCapitalNet
Net Cash Provided by Operating Activities 399,092us-gaap_NetCashProvidedByUsedInOperatingActivities 207,908us-gaap_NetCashProvidedByUsedInOperatingActivities 80,643us-gaap_NetCashProvidedByUsedInOperatingActivities
Cash Flows — Investing Activities      
Purchases of real estate and equity investments in real estate (898,162)us-gaap_PaymentsToAcquireRealEstate (265,383)us-gaap_PaymentsToAcquireRealEstate (3,944)us-gaap_PaymentsToAcquireRealEstate
Proceeds from sale of real estate and equity investments 285,742us-gaap_ProceedsFromSaleOfRealEstateHeldforinvestment 171,300us-gaap_ProceedsFromSaleOfRealEstateHeldforinvestment 73,204us-gaap_ProceedsFromSaleOfRealEstateHeldforinvestment
Cash acquired in connection with merger 65,429us-gaap_CashAcquiredFromAcquisition 0us-gaap_CashAcquiredFromAcquisition 178,945us-gaap_CashAcquiredFromAcquisition
Capital expenditures on owned real estate (26,404)us-gaap_PaymentsToDevelopRealEstateAssets (6,906)us-gaap_PaymentsToDevelopRealEstateAssets (4,059)us-gaap_PaymentsToDevelopRealEstateAssets
Capital contributions to equity investments (25,468)us-gaap_PaymentsToAcquireEquityMethodInvestments (1,945)us-gaap_PaymentsToAcquireEquityMethodInvestments (726)us-gaap_PaymentsToAcquireEquityMethodInvestments
Change in investing restricted cash (23,731)us-gaap_IncreaseDecreaseInRestrictedCash 43,067us-gaap_IncreaseDecreaseInRestrictedCash (9,119)us-gaap_IncreaseDecreaseInRestrictedCash
Capital expenditures on corporate assets (18,262)us-gaap_PaymentsForSoftware (7,133)us-gaap_PaymentsForSoftware (2,145)us-gaap_PaymentsForSoftware
Distributions received from equity investments in real estate and the Managed REITs in excess of equity income 13,101us-gaap_ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital 58,018us-gaap_ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital 46,294us-gaap_ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
Proceeds from repayment of short-term loan to affiliates 11,000us-gaap_RepaymentOfNotesReceivableFromRelatedParties 15,000us-gaap_RepaymentOfNotesReceivableFromRelatedParties 0us-gaap_RepaymentOfNotesReceivableFromRelatedParties
Funding of short-term loan to affiliates (11,000)us-gaap_OriginationOfNotesReceivableFromRelatedParties (15,000)us-gaap_OriginationOfNotesReceivableFromRelatedParties 0us-gaap_OriginationOfNotesReceivableFromRelatedParties
Purchase of securities (7,664)us-gaap_PaymentsToAcquireMarketableSecurities 0us-gaap_PaymentsToAcquireMarketableSecurities 0us-gaap_PaymentsToAcquireMarketableSecurities
Other investing activities, net (3,469)us-gaap_PaymentsForProceedsFromOtherInvestingActivities 2,608us-gaap_PaymentsForProceedsFromOtherInvestingActivities 372us-gaap_PaymentsForProceedsFromOtherInvestingActivities
Cash paid to stockholders as compensation for merger (1,338)us-gaap_PaymentsToAcquireBusinessesGross 0us-gaap_PaymentsToAcquireBusinessesGross (152,356)us-gaap_PaymentsToAcquireBusinessesGross
Net Cash (Used in) Provided by Investing Activities (640,226)us-gaap_NetCashProvidedByUsedInInvestingActivities (6,374)us-gaap_NetCashProvidedByUsedInInvestingActivities 126,466us-gaap_NetCashProvidedByUsedInInvestingActivities
Cash Flows — Financing Activities      
Proceeds from senior credit facilities 1,757,151us-gaap_ProceedsFromUnsecuredLinesOfCredit 735,000us-gaap_ProceedsFromUnsecuredLinesOfCredit 300,000us-gaap_ProceedsFromUnsecuredLinesOfCredit
Repayments of senior credit facilities (1,415,000)us-gaap_RepaymentsOfLinesOfCredit (413,000)us-gaap_RepaymentsOfLinesOfCredit (280,160)us-gaap_RepaymentsOfLinesOfCredit
Proceeds from issuance of senior unsecured notes 498,195us-gaap_ProceedsFromIssuanceOfUnsecuredDebt 0us-gaap_ProceedsFromIssuanceOfUnsecuredDebt 0us-gaap_ProceedsFromIssuanceOfUnsecuredDebt
Distributions paid (347,902)us-gaap_PaymentsOfDividendsCommonStock (220,395)us-gaap_PaymentsOfDividendsCommonStock (113,867)us-gaap_PaymentsOfDividendsCommonStock
Proceeds from issuance of shares in public offering 282,162us-gaap_ProceedsFromIssuanceInitialPublicOffering 0us-gaap_ProceedsFromIssuanceInitialPublicOffering 0us-gaap_ProceedsFromIssuanceInitialPublicOffering
Prepayments of mortgage principal (220,786)wpc_PrepaymentOfMortgagePrincipal 0wpc_PrepaymentOfMortgagePrincipal 0wpc_PrepaymentOfMortgagePrincipal
Scheduled payments of mortgage principal (205,024)us-gaap_RepaymentsOfSecuredDebt (391,764)us-gaap_RepaymentsOfSecuredDebt (54,964)us-gaap_RepaymentsOfSecuredDebt
Distributions paid to noncontrolling interests (20,646)us-gaap_PaymentsOfDividendsMinorityInterest (72,059)us-gaap_PaymentsOfDividendsMinorityInterest (7,314)us-gaap_PaymentsOfDividendsMinorityInterest
Proceeds from mortgage financing 20,354us-gaap_ProceedsFromIssuanceOfSecuredDebt 115,567us-gaap_ProceedsFromIssuanceOfSecuredDebt 23,750us-gaap_ProceedsFromIssuanceOfSecuredDebt
Payment of financing costs and mortgage deposits, net of deposits refunded (12,321)us-gaap_PaymentsOfFinancingCosts (2,368)us-gaap_PaymentsOfFinancingCosts (2,557)us-gaap_PaymentsOfFinancingCosts
Windfall tax benefit associated with stock-based compensation awards 5,641us-gaap_ExcessTaxBenefitFromShareBasedCompensationFinancingActivities 12,817us-gaap_ExcessTaxBenefitFromShareBasedCompensationFinancingActivities 10,185us-gaap_ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
Proceeds from exercise of stock options and employee purchases under the employee share purchase plan 1,890us-gaap_ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions 2,312us-gaap_ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions 51,644us-gaap_ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
Contributions from noncontrolling interests 693us-gaap_ProceedsFromPaymentsToMinorityShareholders 65,145us-gaap_ProceedsFromPaymentsToMinorityShareholders 3,291us-gaap_ProceedsFromPaymentsToMinorityShareholders
Purchase of treasury stock from related parties (679)us-gaap_PaymentsForRepurchaseOfCommonStock (40,000)us-gaap_PaymentsForRepurchaseOfCommonStock (45,270)us-gaap_PaymentsForRepurchaseOfCommonStock
Change in financing restricted cash (588)us-gaap_ProceedsFromRepaymentsOfRestrictedCashFinancingActivities (1,843)us-gaap_ProceedsFromRepaymentsOfRestrictedCashFinancingActivities 1,970us-gaap_ProceedsFromRepaymentsOfRestrictedCashFinancingActivities
Net Cash Provided by (Used in) Financing Activities 343,140us-gaap_NetCashProvidedByUsedInFinancingActivities (210,588)us-gaap_NetCashProvidedByUsedInFinancingActivities (113,292)us-gaap_NetCashProvidedByUsedInFinancingActivities
Change in Cash and Cash Equivalents During the Year      
Effect of exchange rate changes on cash (20,842)us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents 2,669us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents 790us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents
Net increase (decrease) in cash and cash equivalents 81,164us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease (6,385)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease 94,607us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease
Cash and cash equivalents, beginning of year 117,519us-gaap_CashAndCashEquivalentsAtCarryingValue 123,904us-gaap_CashAndCashEquivalentsAtCarryingValue 29,297us-gaap_CashAndCashEquivalentsAtCarryingValue
Cash and cash equivalents, end of year $ 198,683us-gaap_CashAndCashEquivalentsAtCarryingValue $ 117,519us-gaap_CashAndCashEquivalentsAtCarryingValue $ 123,904us-gaap_CashAndCashEquivalentsAtCarryingValue