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Consolidated Statements of Income (USD $)
In Thousands, except Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
Lease revenues:      
Rental income $ 107,777 $ 51,958 $ 41,552
Interest income from direct financing leases 15,426 10,278 9,542
Total lease revenues 123,203 62,236 51,094
Asset management revenue from affiliates 56,666 66,808 76,246
Structuring revenue from affiliates 48,355 46,831 44,525
Incentive, termination and subordinated disposition revenue from affiliates 0 52,515 0
Wholesaling revenue 19,914 11,664 11,096
Reimbursed costs from affiliates 98,245 64,829 60,023
Other real estate income 22,482 19,239 14,195
Revenues, Total 368,865 324,122 257,179
Operating Expenses      
General and administrative (144,809) (93,684) (73,423)
Reimbursable costs (98,245) (64,829) (60,023)
Depreciation and amortization (47,506) (23,339) (17,433)
Property expenses (12,641) (9,965) (7,683)
Other real estate expenses (6,170) (6,384) (4,574)
Impairment charge 0 1,365 (1,140)
Operating Expenses, Total (309,371) (196,836) (164,276)
Other Income and Expenses      
Other interest income 1,396 2,000 1,269
Income from equity investments in real estate and Managed REITs 62,392 51,228 30,992
Gain on change in control of interests 20,744 27,859 781
Other income and (expenses) 3,402 4,578 627
Interest expense (50,290) (21,675) (15,539)
Other Income and Expenses, Total 37,644 63,990 18,130
Income from continuing operations before income taxes 97,138 191,276 111,033
Provision for income taxes (6,783) (37,214) (25,852)
Income from continuing operations 90,355 154,062 85,181
Discontinued Operations      
Income (loss) from operations of discontinued properties, net of tax 405 (703) 3,551
Gain on deconsolidation of a subsidiary 0 1,008 0
(Loss) gain on sales of real estate (5,019) (3,391) 460
Impairment charges (22,962) (11,838) (14,241)
Loss from discontinued operations, net of tax (27,576) (14,924) (10,230)
Net income 62,779 139,138 74,951
Net (income) loss attributable to non controlling interest (607) 1,864 314
Less: Net income attributable to redeemable noncontrolling interest (40) (1,923) (1,293)
Net income attributable to W. P. Carey 62,132 139,079 73,972
Basic Earnings Per Share      
Income from continuing operations attributable to W. P. Carey $ 1.88 $ 3.81 $ 2.12
Loss from discontinued operations attributable to W. P. Carey $ (0.58) $ (0.37) $ (0.26)
Net income attributable to W. P. Carey $ 1.30 $ 3.44 $ 1.86
Diluted Earnings Per Share      
Income from continuing operations attributable to W. P. Carey $ 1.85 $ 3.78 $ 2.11
Loss from discontinued operations attributable to W. P. Carey $ (0.57) $ (0.36) $ (0.25)
Net income attributable to W. P. Carey $ 1.28 $ 3.42 $ 1.86
Weighted Average Shares Outstanding      
Basic 47,389,460 39,819,475 39,514,746
Diluted 48,078,474 40,098,095 40,007,894
Amounts Attributable to W. P. Carey      
Income from continuing operations, net of tax 89,735 154,003 84,202
Loss from discontinued operations, net of tax (27,603) (14,924) (10,230)
Net income $ 62,132 $ 139,079 $ 73,972