XML 97 R84.htm IDEA: XBRL DOCUMENT v3.21.2
Segment Reporting - Income From Investment Management (Details) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Operating Expenses        
Reimbursable costs from affiliates $ 968 $ 2,411 $ 2,009 $ 6,441
Subadvisor fees 0 192 0 1,469
Merger and other expenses (2,599) 1,074 (3,075) 1,261
General and administrative 20,464 17,472 42,547 38,217
Depreciation and amortization 114,348 107,477 224,670 223,671
Stock-based compensation expense 9,048 2,918 14,429 5,579
Total operating expenses 171,185 158,379 338,088 351,366
Other Income and Expenses        
(Losses) earnings from equity method investments (156) 33,983 (9,889) (11,807)
Other gains and (losses) 7,545 4,259 (33,643) (5,556)
Non-operating income 3,065 4,588 9,421 9,980
Total other income and expenses (18,958) (9,352) (105,791) (100,354)
Income (loss) before income taxes 129,581 122,799 187,011 147,809
(Provision for) benefit from income taxes (9,298) (7,595) (15,087) 34,097
Net Income 120,283 115,204 171,924 181,906
Net income attributable to noncontrolling interests (38) (9,904) (45) (10,516)
Net Income Attributable to W. P. Carey 120,245 105,300 171,879 171,390
Investment Management        
Revenues        
Gross contract revenue 4,934 6,883 9,929 21,296
Operating Expenses        
Reimbursable costs from affiliates 968 2,411 2,009 6,441
Subadvisor fees 0 192 0 1,469
Merger and other expenses 0 139 15 458
General and administrative 0 0 0 5,823
Depreciation and amortization 0 0 0 987
Stock-based compensation expense 0 0 0 691
Total operating expenses 968 2,742 2,024 15,869
Other Income and Expenses        
(Losses) earnings from equity method investments 1,698 33,772 3,084 (13,583)
Other gains and (losses) 73 (1,178) 1,074 (20)
Non-operating income 0 83 84 278
Total other income and expenses 1,771 32,677 4,242 (13,325)
Income (loss) before income taxes 5,737 36,818 12,147 (7,898)
(Provision for) benefit from income taxes (179) (3,478) 458 6,414
Net Income 5,558 33,340 12,605 (1,484)
Net income attributable to noncontrolling interests 0 (9,865) 0 (9,865)
Net Income Attributable to W. P. Carey 5,558 23,475 12,605 (11,349)
Investment Management | Asset management and other revenue        
Revenues        
Gross contract revenue 3,966 4,472 7,920 14,855
Investment Management | Reimbursable costs from affiliates        
Revenues        
Gross contract revenue $ 968 $ 2,411 $ 2,009 $ 6,441