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Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Owned Real Estate:    
Lease revenues $ 163,213 $ 155,781
Operating property revenues 7,218 6,980
Reimbursable tenant costs 6,219 5,221
Lease termination income and other 942 760
Total real estate revenue 177,592 168,742
Investment Management:    
Asset management revenue 16,985 17,367
Reimbursable costs from affiliates 5,304 25,700
Structuring revenue 1,739 3,834
Other advisory revenue 190 91
Dealer manager fees 0 3,325
Revenue from the Managed Programs 24,218 50,317
Total revenues 201,810 219,059
Operating Expenses    
Depreciation and amortization 65,957 62,430
General and administrative 18,583 18,424
Reimbursable tenant and affiliate costs 11,523 30,921
Property expenses, excluding reimbursable tenant costs 9,899 10,110
Stock-based compensation expense 8,219 6,910
Impairment charges 4,790 0
Subadvisor fees 2,032 2,720
Other expenses (37) 73
Dealer manager fees and expenses 0 3,294
Total operating expenses 120,966 134,882
Other Income and Expenses    
Interest expense (38,074) (41,957)
Equity in earnings of equity method investments in the Managed Programs and real estate 15,325 15,774
Other gains and (losses) (2,763) 516
Total other income and expenses (25,512) (25,667)
Income before income taxes and gain on sale of real estate 55,332 58,510
Benefit from income taxes 6,002 1,305
Income before gain on sale of real estate 61,334 59,815
Gain on sale of real estate, net of tax 6,732 10
Net Income 68,066 59,825
Net income attributable to noncontrolling interests (2,792) (2,341)
Net Income Attributable to W. P. Carey $ 65,274 $ 57,484
Basic Earnings Per Share (usd per share) $ 0.60 $ 0.53
Diluted Earnings Per Share (usd per share) $ 0.60 $ 0.53
Weighted-Average Shares Outstanding    
Basic (in shares) 108,057,940 107,562,484
Diluted (in shares) 108,211,936 107,764,279
Distributions Declared Per Share (in dollars per share) $ 1.015 $ 0.995