Segment Reporting (Tables)

9 Months Ended

Sep. 30, 2017

Segment Reporting [Abstract]

Reconciliation of Operating Profit (Loss) from Segments to Consolidated

The following tables present a summary of comparative results and assets for these business segments (in thousands):

Owned Real Estate

	Three Months Ended September 30,						Nine Months Ended September 30,
	2017			2016			2017			2016
Revenues
Lease revenues	$	161,511		$	163,786		$	475,547		$	506,358
Operating property revenues	8,449			8,524			23,652			23,696
Reimbursable tenant costs	5,397			6,537			15,940			19,237
Lease termination income and other	1,227			1,224			4,234			34,603
	176,584			180,071			519,373			583,894
Operating Expenses
Depreciation and amortization	62,970			61,740			186,481			210,557
General and administrative	11,234			7,453			27,311			25,653
Property expenses, excluding reimbursable tenant costs	10,556			10,193			31,196			38,475
Reimbursable tenant costs	5,397			6,537			15,940			19,237
Stock-based compensation expense	1,880			1,572			4,733			4,316
Other expenses	65			—			1,138			2,975
Impairment charges	—			14,441			—			49,870
Restructuring and other compensation	—			—			—			4,413
	92,102			101,936			266,799			355,496
Other Income and Expenses
Interest expense	(41,182		)	(44,349		)	(125,374		)	(139,496		)
Equity in earnings of equity method investments in real estate	3,740			3,230			9,533			9,585
Other income and (expenses)	(4,918		)	3,244			(6,249		)	7,681
	(42,360		)	(37,875		)	(122,090		)	(122,230		)
Income before income taxes and gain on sale of real estate	42,122			40,260			130,484			106,168
(Provision for) benefit from income taxes	(1,511		)	(530		)	(6,696		)	6,792
Income before gain on sale of real estate	40,611			39,730			123,788			112,960
Gain on sale of real estate, net of tax	19,257			49,126			22,732			68,070
Net Income from Owned Real Estate	59,868			88,856			146,520			181,030
Net income attributable to noncontrolling interests	(3,376		)	(1,359		)	(8,530		)	(6,294		)
Net Income from Owned Real Estate Attributable to W. P. Carey	$	56,492		$	87,497		$	137,990		$	174,736

Investment Management

	Three Months Ended September 30,						Nine Months Ended September 30,
	2017			2016			2017		2016
Revenues
Asset management revenue	$	17,938		$	15,978		$	53,271	$	45,596
Structuring revenue	9,817			12,301			27,981		30,990
Reimbursable costs from affiliates	6,211			14,540			45,390		46,372
Dealer manager fees	105			1,835			4,430		5,379
Other advisory revenue	99			522			896		522
	34,170			45,176			131,968		128,859
Operating Expenses
Reimbursable costs from affiliates	6,211			14,540			45,390		46,372
General and administrative	6,002			8,280			25,878		32,469
Subadvisor fees	5,206			4,842			11,598		10,010
Stock-based compensation expense	2,755			2,784			9,916		10,648
Restructuring and other compensation	1,356			—			9,074		7,512
Depreciation and amortization	1,070			1,062			2,838		3,278
Dealer manager fees and expenses	462			3,028			6,544		9,000
Other expenses	—			—			—		2,384
	23,062			34,536			111,238		121,673
Other Income and Expenses
Equity in earnings of equity method investments in the Managed Programs	12,578			13,573			38,287		38,658
Other income and (expenses)	349			1,857			1,280		1,717
	12,927			15,430			39,567		40,375
Income before income taxes	24,035			26,070			60,297		47,561
(Provision for) benefit from income taxes	(249		)	(2,624		)	3,793		(2,254		)
Net Income from Investment Management Attributable to W. P. Carey	$	23,786		$	23,446		$	64,090	$	45,307

Total Company

	Three Months Ended September 30,						Nine Months Ended September 30,
	2017			2016			2017			2016
Revenues	$	210,754		$	225,247		$	651,341		$	712,753
Operating expenses	115,164			136,472			378,037			477,169
Other income and (expenses)	(29,433		)	(22,445		)	(82,523		)	(81,855		)
Gain on sale of real estate, net of tax	19,257			49,126			22,732			68,070
(Provision for) benefit from income taxes	(1,760		)	(3,154		)	(2,903		)	4,538
Net income attributable to noncontrolling interests	(3,376		)	(1,359		)	(8,530		)	(6,294		)
Net income attributable to W. P. Carey	$	80,278		$	110,943		$	202,080		$	220,043

Reconciliation Of Assets From Segment To Consolidated

	Total Assets at
	September 30, 2017		December 31, 2016
Owned Real Estate	$	7,975,925	$	8,104,974
Investment Management	358,486		348,980
Total Company	$	8,334,411	$	8,453,954