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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Real Estate:      
Lease revenues $ 1,427,376 $ 1,301,617 $ 1,177,438
Income from finance leases and loans receivable 107,173 74,266 67,555
Investment Management:      
Total revenues 1,741,358 1,479,086 1,331,524
Operating Expenses      
Depreciation and amortization 574,212 503,403 475,989
General and administrative 96,027 88,952 81,888
Operating property expenses 95,141 27,054 9,848
Impairment charges — real estate 86,411 39,119 24,246
Reimbursable tenant costs 81,939 73,622 62,417
Property expenses, excluding reimbursable tenant costs 44,451 50,753 47,898
Stock-based compensation expense 34,504 32,841 24,881
Merger and other expenses 4,954 19,387 (4,546)
Reimbursable costs from affiliates 368 2,518 4,035
Impairment charges — Investment Management goodwill 0 29,334 0
Total operating expenses 1,018,007 866,983 726,656
Other Income and Expenses      
Gain on sale of real estate, net 315,984 43,476 40,425
Interest expense (291,852) (219,160) (196,831)
Other gains and (losses) (36,184) 96,038 (12,885)
Non-operating income 21,442 30,309 13,860
Earnings (losses) from equity method investments 19,575 29,509 (10,829)
Gain on change in control of interests 0 33,931 0
Total other income and expenses 28,965 14,103 (166,260)
Income before income taxes 752,316 626,206 438,608
Provision for income taxes (44,052) (27,724) (28,486)
Net Income 708,264 598,482 410,122
Net loss (income) attributable to noncontrolling interests 70 657 (134)
Net Income Attributable to W. P. Carey $ 708,334 $ 599,139 $ 409,988
Basic Earnings Per Share (usd per share) $ 3.29 $ 3.00 $ 2.25
Diluted Earnings Per Share (usd per share) $ 3.28 $ 2.99 $ 2.24
Weighted-Average Shares Outstanding      
Basic (in shares) 215,369,777 199,633,802 182,486,476
Diluted (in shares) 215,760,496 200,427,124 183,127,098
Real Estate      
Real Estate:      
Lease revenues $ 1,427,376 $ 1,301,617 $ 1,177,438
Operating property revenues 180,257 59,230 13,478
Other lease-related income 23,333 32,988 53,655
Investment Management:      
Operating property revenues 180,257 59,230 13,478
Total revenues 1,738,139 1,468,101 1,312,126
Operating Expenses      
Impairment charges — Investment Management goodwill   0  
Investment Management      
Real Estate:      
Operating property revenues 3,219 10,985 19,398
Investment Management:      
Operating property revenues 3,219 10,985 19,398
Operating Expenses      
Impairment charges — Investment Management goodwill   29,334  
Investment Management | Asset management revenue      
Real Estate:      
Operating property revenues 2,184 8,467 15,363
Investment Management:      
Operating property revenues 2,184 8,467 15,363
Investment Management | Other advisory income and reimbursements      
Real Estate:      
Operating property revenues 667 0 0
Investment Management:      
Operating property revenues 667 0 0
Investment Management | Reimbursable costs from affiliates      
Real Estate:      
Operating property revenues 368 2,518 4,035
Investment Management:      
Operating property revenues $ 368 $ 2,518 $ 4,035