Equity (Tables)

12 Months Ended

Dec. 31, 2020

Schedule Of Distributions Paid Per Share For Tax

Our dividends per share are summarized as follows:


	Dividends Paid
	During the Years Ended December 31,
	2020		2019		2018
Ordinary income	$	3.3112	$	3.1939	$	3.5122
Capital gains	0.8528		0.0187		0.5578
Return of capital	—		0.9194		—
Total dividends paid (a)	$	4.1640	$	4.1320	$	4.0700

__________

(a)A portion of dividends paid during 2019 has been applied to 2018 for income tax purposes.

Earnings Per Share Reconciliation

The following table summarizes basic and diluted earnings (in thousands, except share amounts):


	Years Ended December 31,
	2020		2019		2018
Net income attributable to W. P. Carey	$	455,359	$	305,243	$	411,566
Net income attributable to nonvested participating RSUs	—		(77)		(340)
Net income – basic and diluted	$	455,359	$	305,166	$	411,226

Weighted-average shares outstanding – basic	174,504,406		171,001,430		117,494,969
Effect of dilutive securities	335,022		297,984		211,476
Weighted-average shares outstanding – diluted	174,839,428		171,299,414		117,706,445

Reclassification out of Accumulated Other Comprehensive Income

The following tables present a reconciliation of changes in Accumulated other comprehensive loss by component for the periods presented (in thousands):


	Gains and (Losses) on Derivative Instruments		Foreign Currency Translation Adjustments		Gains and (Losses) on Investments		Total
Balance at January 1, 2018	$	9,172	$	(245,022)	$	(161)	$	(236,011)
Other comprehensive loss before reclassifications	13,415		(52,069)		154		(38,500)
Amounts reclassified from accumulated other comprehensive loss to:
Gain on sale of real estate, net (Note 10, Note 16)	—		20,226		—		20,226
Other gains and (losses)	(8,892)		—		—		(8,892)
Interest expense	400		—		—		400
Total	(8,492)		20,226		—		11,734
Net current period other comprehensive loss	4,923		(31,843)		154		(26,766)
Net current period other comprehensive loss attributable to noncontrolling interests	7		7,774		—		7,781
Balance at December 31, 2018	14,102		(269,091)		(7)		(254,996)
Other comprehensive income before reclassifications	12,031		376		7		12,414
Amounts reclassified from accumulated other comprehensive loss to:
Other gains and (losses)	(15,341)		—		—		(15,341)
Interest expense	2,256		—		—		2,256
Total	(13,085)		—		—		(13,085)
Net current period other comprehensive loss	(1,054)		376		7		(671)
Balance at December 31, 2019	13,048		(268,715)		—		(255,667)
Other comprehensive income before reclassifications	(23,124)		47,746		—		24,622
Amounts reclassified from accumulated other comprehensive loss to:
Other gains and (losses)	(10,672)		—		—		(10,672)
Interest expense	1,818		—		—		1,818
Total	(8,854)		—		—		(8,854)
Net current period other comprehensive income	(31,978)		47,746		—		15,768
Net current period other comprehensive income attributable to noncontrolling interests	(7)		—		—		(7)
Balance at December 31, 2020	$	(18,937)	$	(220,969)	$	—	$	(239,906)