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CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Real Estate:    
Income from direct financing leases and loans receivable $ 18,379 $ 17,742
Investment Management:    
Revenues 348,438 311,166
Operating Expenses    
Depreciation and amortization 115,393 110,322
General and administrative 23,084 22,083
Impairment charges 20,179 0
Reimbursable tenant costs 16,960 15,758
Property expenses, excluding reimbursable tenant costs 13,779 10,883
Stock-based compensation expense 7,833 5,381
Operating property expenses 2,787 1,911
Merger and other expenses (2,322) (476)
Reimbursable costs from affiliates 927 1,041
Total operating expenses 198,620 166,903
Other Income and Expenses    
Interest expense (46,053) (51,640)
Other gains and (losses) 35,745 (41,188)
Gain on sale of real estate, net 11,248 9,372
Non-operating income 8,546 6,356
Earnings (losses) from equity method investments 4,772 (9,733)
Total other income and expenses 14,258 (86,833)
Income before income taxes 164,076 57,430
Provision for income taxes (7,083) (5,789)
Net Income 156,993 51,641
Net loss (income) attributable to noncontrolling interests 2 (7)
Net Income Attributable to W. P. Carey $ 156,995 $ 51,634
Basic earnings per share (usd per share) $ 0.82 $ 0.29
Diluted earnings per share (usd per share) $ 0.82 $ 0.29
Weighted-Average Shares Outstanding    
Basic (in shares) 191,911,414 176,640,861
Diluted (in shares) 192,416,642 176,965,510
Real Estate    
Real Estate:    
Lease revenues $ 307,725 $ 284,665
Income from direct financing leases and loans receivable 18,379 17,742
Lease termination income and other 14,122 1,585
Gross contract revenue 3,865 2,179
Investment Management:    
Gross contract revenue 3,865 2,179
Revenues 344,091 306,171
Operating Expenses    
Depreciation and amortization 115,393 110,322
General and administrative 23,084 22,083
Impairment charges 20,179 0
Reimbursable tenant costs 16,960 15,758
Property expenses, excluding reimbursable tenant costs 13,779 10,883
Stock-based compensation expense 7,833 5,381
Operating property expenses 2,787 1,911
Merger and other expenses (2,325) (491)
Total operating expenses 197,690 165,847
Other Income and Expenses    
Interest expense (46,053) (51,640)
Other gains and (losses) 34,418 (42,189)
Gain on sale of real estate, net 11,248 9,372
Non-operating income 8,542 6,272
Earnings (losses) from equity method investments (787) (11,119)
Total other income and expenses 7,368 (89,304)
Income before income taxes 153,769 51,020
Provision for income taxes (6,913) (6,426)
Net Income 146,856 44,594
Net loss (income) attributable to noncontrolling interests 2 (7)
Net Income Attributable to W. P. Carey 146,858 44,587
Investment Management    
Real Estate:    
Gross contract revenue 4,347 4,995
Investment Management:    
Gross contract revenue 4,347 4,995
Operating Expenses    
Merger and other expenses 3 15
Reimbursable costs from affiliates 927 1,041
Total operating expenses 930 1,056
Other Income and Expenses    
Other gains and (losses) 1,327 1,001
Non-operating income 4 84
Earnings (losses) from equity method investments 5,559 1,386
Total other income and expenses 6,890 2,471
Income before income taxes 10,307 6,410
Provision for income taxes (170) 637
Net Income Attributable to W. P. Carey 10,137 7,047
Investment Management | Asset management and other revenue    
Real Estate:    
Gross contract revenue 3,420 3,954
Investment Management:    
Gross contract revenue 3,420 3,954
Investment Management | Reimbursable costs from affiliates    
Real Estate:    
Gross contract revenue 927 1,041
Investment Management:    
Gross contract revenue $ 927 $ 1,041