EX-99.1 3 a13-23467_7ex99d1.htm EX-99.1

Exhibit 99.1

Filed pursuant to Rule 425 under the Securities Act of 1933, as amended, and deemed filed pursuant to Rule14a-12 under the
Securities Exchange Act of 1934, as amended

Filing Person: W. P. Carey Inc.

Subject Company: Corporate Property Associates 16 – Global Incorporated

Commission File No.: 001-32162

 

Item 6. Selected Financial Data.

 

The following selected financial data should be read in conjunction with the consolidated financial statements and related notes in Item 8 (in thousands, except per share data):

 

 

 

Years Ended December 31,

 

 

 

2012

 

2011

 

2010

 

2009

 

2008

 

Operating Data (a)

 

 

 

 

 

 

 

 

 

 

 

Revenues from continuing operations (b) (c)

 

$

368,865

 

$

324,122

 

$

257,179

 

$

213,801

 

$

215,479

 

Income from continuing operations (b) (c)

 

90,355

 

154,062

 

85,181

 

61,176

 

64,542

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income

 

62,779

 

139,138

 

74,951

 

70,568

 

78,605

 

Add: Net (income) loss attributable to noncontrolling interests

 

(607)

 

1,864

 

314

 

713

 

950

 

Add: Net income attributable to redeemable noncontrolling interests

 

(40)

 

(1,923)

 

(1,293)

 

(2,258)

 

(1,508)

 

Net income attributable to W. P. Carey

 

62,132

 

139,079

 

73,972

 

69,023

 

78,047

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic Earnings Per Share:

 

 

 

 

 

 

 

 

 

 

 

Income from continuing operations attributable W. P. Carey

 

1.88

 

3.81

 

2.12

 

1.50

 

1.62

 

Net income attributable to W. P. Carey

 

1.30

 

3.44

 

1.86

 

1.74

 

1.98

 

 

 

 

 

 

 

 

 

 

 

 

 

Diluted Earnings Per Share:

 

 

 

 

 

 

 

 

 

 

 

Income from continuing operations attributable W. P. Carey

 

1.85

 

3.78

 

2.11

 

1.50

 

1.60

 

Net income attributable to W. P. Carey

 

1.28

 

3.42

 

1.86

 

1.74

 

1.95

 

 

 

 

 

 

 

 

 

 

 

 

 

Cash distributions declared per share (d) 

 

2.44

 

2.19

 

2.03

 

2.00

 

1.96

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance Sheet Data

 

 

 

 

 

 

 

 

 

 

 

Net investments in real estate (e)

 

$

3,241,199

 

$

1,217,931

 

$

946,975

 

$

884,460

 

$

918,741

 

Total assets

 

4,609,042

 

1,462,623

 

1,172,326

 

1,093,336

 

1,111,136

 

Long-term obligations (f)

 

1,968,397

 

589,369

 

396,982

 

326,330

 

326,874

 

 

 

 

 

 

 

 

 

 

 

 

 

Other Information

 

 

 

 

 

 

 

 

 

 

 

Net cash provided by operating activities

 

$

80,643

 

$

80,116

 

$

86,417

 

$

74,544

 

$

63,247

 

Cash distributions paid

 

113,867

 

85,814

 

92,591

 

78,618

 

87,700

 

Payments of mortgage principal (g)

 

54,964

 

25,327

 

14,324

 

9,534

 

9,678

 

 

__________

 

(a)         Certain prior year amounts have been reclassified from continuing operations to discontinued operations.

(b)         The year ended December 31, 2012 includes the impact of the Merger, which was completed on September 28, 2012 (Note 3).

(c)          The year ended December 31, 2011 includes $52.5 million of incentive, termination and subordinated disposition revenue recognized in connection with the CPA®:14/16 Merger.

(d)         The year ended December 31, 2009 excludes a special distribution of $0.30 per share paid in January 2010 to shareholders of record at December 31, 2009.

(e)          Net investments in real estate consists of Net investments in properties, Net investments in direct financing leases, Equity investments in real estate and the Managed REITs, Real estate under construction and Assets held for sale, as applicable.

(f)           Represents non-recourse mortgages and note obligations. The year ended December 31, 2012 includes the $175.0 million Term Loan Facility (Note 12), which was drawn down in full in connection with the Merger (Note 3).

(g)          Represents scheduled mortgage principal payments.

 

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