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Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Owned Real Estate:      
Lease revenues $ 663,463 $ 656,956 $ 573,829
Lease termination income and other 35,696 25,145 17,767
Operating property revenues 30,767 30,515 28,925
Reimbursable tenant costs 25,438 22,832 24,862
Total real estate revenue 755,364 735,448 645,383
Investment Management:      
Reimbursable costs from affiliates 66,433 55,837 130,212
Asset management revenue 61,971 49,984 38,063
Structuring revenue 47,328 92,117 71,256
Dealer manager fees 8,002 4,794 23,532
Other advisory revenue 2,435 203 0
Revenue from the Managed Programs 186,169 202,935 263,063
Total revenues 941,533 938,383 908,446
Operating Expenses      
Depreciation and amortization 276,510 280,315 237,123
Reimbursable tenant and affiliate costs 91,871 78,669 155,074
General and administrative 82,352 103,172 91,588
Impairment charges 59,303 29,906 23,067
Property expenses, excluding reimbursable tenant costs 49,431 52,199 37,725
Stock-based compensation expense 18,015 21,626 31,075
Subadvisor fees 14,141 11,303 5,501
Dealer manager fees and expenses 12,808 11,403 21,760
Restructuring and other compensation 11,925 0 0
Merger, property acquisition, and other expenses 5,377 (7,764) 34,465
Total operating expenses 621,733 580,829 637,378
Other Income and Expenses      
Interest expense (183,409) (194,326) (178,122)
Equity in earnings of equity method investments in the Managed Programs and real estate 64,719 51,020 44,116
Other income and (expenses) 5,667 2,113 (14,230)
Gain on change in control of interests 0 0 105,947
Total other income and expenses (113,023) (141,193) (42,289)
Income from continuing operations before income taxes and gain on sale of real estate 206,777 216,361 228,779
Provision for income taxes (3,288) (37,621) (17,609)
Income from continuing operations before gain on sale of real estate 203,489 178,740 211,170
Income from discontinued operations, net of tax 0 0 33,318
Gain on sale of real estate, net of tax 71,318 6,487 1,581
Net Income 274,807 185,227 246,069
Net income attributable to noncontrolling interests (7,060) (12,969) (6,385)
Net loss attributable to redeemable noncontrolling interest 0 0 142
Net Income Attributable to W. P. Carey $ 267,747 $ 172,258 $ 239,826
Basic Earnings Per Share      
Income from continuing operations attributable to W. P. Carey (usd per share) $ 2.50 $ 1.62 $ 2.08
Income from discontinued operations attributable to W. P. Carey (usd per share) 0.00 0.00 0.34
Net Income Attributable to W. P. Carey (usd per share) 2.50 1.62 2.42
Diluted Earnings Per Share      
Income from continuing operations attributable to W. P. Carey (usd per share) 2.49 1.61 2.06
Income from discontinued operations attributable to W. P. Carey (usd per share) 0.00 0.00 0.33
Net Income Attributable to W. P. Carey (usd per share) $ 2.49 $ 1.61 $ 2.39
Weighted-Average Shares Outstanding      
Basic, (in shares) 106,743,012 105,675,692 98,764,164
Diluted (in shares) 107,073,203 106,507,652 99,827,356
Amounts Attributable to W. P. Carey      
Income from continuing operations, net of tax $ 267,747 $ 172,258 $ 206,329
Income from discontinued operations, net of tax 0 0 33,497
Net Income Attributable to W. P. Carey $ 267,747 $ 172,258 $ 239,826