XML 49 R100.htm IDEA: XBRL DOCUMENT v2.4.1.9
Preferred and Common Stock (Detail) (USD $)
3 Months Ended 6 Months Ended 9 Months Ended 10 Months Ended 0 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Jun. 30, 2014
Jun. 30, 2013
Jun. 30, 2014
Oct. 22, 2013
Feb. 28, 2013
May 28, 2014
Nov. 08, 2013
Jan. 03, 2014
Dec. 09, 2013
Aug. 20, 2013
Aug. 01, 2012
Dec. 31, 2013
Class of Stock [Line Items]                            
Proceeds from issuances of common stock, net offering costs     $ 1,593,462,000us-gaap_ProceedsFromIssuanceOfCommonStock [1] $ 1,810,042,000us-gaap_ProceedsFromIssuanceOfCommonStock [1]                    
Gain (loss) on derivative instruments, net, pre tax 14,207,000us-gaap_GainLossOnDerivativeInstrumentsNetPretax [1] (31,174,000)us-gaap_GainLossOnDerivativeInstrumentsNetPretax [1] 7,086,000us-gaap_GainLossOnDerivativeInstrumentsNetPretax [1] (31,179,000)us-gaap_GainLossOnDerivativeInstrumentsNetPretax [1]                    
Conversion of OP units to series F preferred stock, shares     500,000us-gaap_StockIssuedDuringPeriodSharesConversionOfUnits                      
Common stock, shares authorized                     1,500,000,000arcp_CommonStockSharesRegistered      
Maximum amount of offering from universal shelf registration statement                         500,000,000arcp_CommonStockAmountRegistered  
Authorized annual dividends, per share     $ 1.00arcp_DividendsAuthorizedAnnualDividendsPerShare   $ 1.00arcp_DividendsAuthorizedAnnualDividendsPerShare $ 0.94arcp_DividendsAuthorizedAnnualDividendsPerShare                
Authorized annual dividends increase (decrease), per share         $ 0.06arcp_DividendsIncreaseDecreaseInAuthorizedAnnualDividendsPerShare                  
Stock repurchase program, authorized amount                       250,000,000us-gaap_StockRepurchaseProgramAuthorizedAmount1    
ARCT III [Member]                            
Class of Stock [Line Items]                            
Business acquisition, equity interest issued or issuable, number of shares             140,700,000us-gaap_BusinessAcquisitionEquityInterestsIssuedOrIssuableNumberOfSharesIssued
/ us-gaap_BusinessAcquisitionAxis
= arcp_AmericanRealtyCapitalTrustIIIInc.Member
             
Business combination, acquiree shares exchanged for cash             29,200,000arcp_BusinessCombinationAcquireeSharesExchangedForCash
/ us-gaap_BusinessAcquisitionAxis
= arcp_AmericanRealtyCapitalTrustIIIInc.Member
             
Percentage of shares outstanding             16.50%arcp_BusinessCombinationPercentageOfAcquireeSharesExchangedForCash
/ us-gaap_BusinessAcquisitionAxis
= arcp_AmericanRealtyCapitalTrustIIIInc.Member
             
Business combination, consideration transferred, amount per share             $ 12.00arcp_BusinessCombinationConsiderationTransferredAmountPerShare
/ us-gaap_BusinessAcquisitionAxis
= arcp_AmericanRealtyCapitalTrustIIIInc.Member
             
Business combination, acquiree shares equivalent of acquirer shares             27,700,000arcp_BusinessCombinationAcquireeSharesEquivalentOfAcquirerShares
/ us-gaap_BusinessAcquisitionAxis
= arcp_AmericanRealtyCapitalTrustIIIInc.Member
             
Business combination, acquiree shares exchanged for acquirer shares             148,100,000arcp_BusinessCombinationAcquireeSharesExchangedForAcquirerShares
/ us-gaap_BusinessAcquisitionAxis
= arcp_AmericanRealtyCapitalTrustIIIInc.Member
             
Resale Registration [Member]                            
Class of Stock [Line Items]                            
Common stock, shares authorized 1,882,248arcp_CommonStockSharesRegistered
/ arcp_SaleOfStockAxis
= arcp_ResaleRegistrationMember
  1,882,248arcp_CommonStockSharesRegistered
/ arcp_SaleOfStockAxis
= arcp_ResaleRegistrationMember
  1,882,248arcp_CommonStockSharesRegistered
/ arcp_SaleOfStockAxis
= arcp_ResaleRegistrationMember
                 
At the Market Offering [Member]                            
Class of Stock [Line Items]                            
Maximum amount of offering from universal shelf registration statement 60,000,000arcp_CommonStockAmountRegistered
/ arcp_SaleOfStockAxis
= arcp_AtTheMarketMember
  60,000,000arcp_CommonStockAmountRegistered
/ arcp_SaleOfStockAxis
= arcp_AtTheMarketMember
  60,000,000arcp_CommonStockAmountRegistered
/ arcp_SaleOfStockAxis
= arcp_AtTheMarketMember
                 
Public Offering [Member]                            
Class of Stock [Line Items]                            
Proceeds from issuances of common stock, net offering costs               1,590,000,000us-gaap_ProceedsFromIssuanceOfCommonStock
/ arcp_SaleOfStockAxis
= arcp_PublicOfferingMember
           
Structuring Fee               2,000,000arcp_StructuringFee
/ arcp_SaleOfStockAxis
= arcp_PublicOfferingMember
           
Common Stock [Member]                            
Class of Stock [Line Items]                            
Preferred stock, issued                 15,100,000us-gaap_TemporaryEquitySharesIssued
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_CommonStockMember
         
Proceeds from issuances of common stock, net offering costs                 186,000,000us-gaap_ProceedsFromIssuanceOfCommonStock
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_CommonStockMember
         
Shares issued (in shares)     662,305,318us-gaap_StockIssuedDuringPeriodSharesNewIssues
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_CommonStockMember
[1],[2] 63,056,895us-gaap_StockIssuedDuringPeriodSharesNewIssues
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_CommonStockMember
[1]                    
Common Stock [Member] | ARCT IV [Member]                            
Class of Stock [Line Items]                            
Business acquisition, equity interest issued or issuable, number of shares                   36,900,000us-gaap_BusinessAcquisitionEquityInterestsIssuedOrIssuableNumberOfSharesIssued
/ us-gaap_BusinessAcquisitionAxis
= arcp_AmericanRealtyCapitalTrustIVInc.Member
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_CommonStockMember
       
Common Stock [Member] | Universal Shelf Registration [Member]                            
Class of Stock [Line Items]                            
Shares issued (in shares)     2,100,000us-gaap_StockIssuedDuringPeriodSharesNewIssues
/ arcp_SaleOfStockAxis
= arcp_UniversalShelfRegistrationMember
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_CommonStockMember
                     
Common Stock [Member] | Public Offering [Member]                            
Class of Stock [Line Items]                            
Share price               $ 12.00us-gaap_SharePrice
/ arcp_SaleOfStockAxis
= arcp_PublicOfferingMember
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_CommonStockMember
           
Shares issued (in shares)               138,000,000us-gaap_StockIssuedDuringPeriodSharesNewIssues
/ arcp_SaleOfStockAxis
= arcp_PublicOfferingMember
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_CommonStockMember
           
Member Units [Member] | ARCT IV [Member]                            
Class of Stock [Line Items]                            
Business acquisition, equity interest issued or issuable, number of shares                   600,000us-gaap_BusinessAcquisitionEquityInterestsIssuedOrIssuableNumberOfSharesIssued
/ us-gaap_BusinessAcquisitionAxis
= arcp_AmericanRealtyCapitalTrustIVInc.Member
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_MemberUnitsMember
       
Business combination, consideration transferred, amount per share                   9.00arcp_BusinessCombinationConsiderationTransferredAmountPerShare
/ us-gaap_BusinessAcquisitionAxis
= arcp_AmericanRealtyCapitalTrustIVInc.Member
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_MemberUnitsMember
       
Series D preferred stock [Member]                            
Class of Stock [Line Items]                            
Preferred stock, issued 21,735,008us-gaap_TemporaryEquitySharesIssued
/ us-gaap_StatementClassOfStockAxis
= us-gaap_SeriesDPreferredStockMember
[1]   21,735,008us-gaap_TemporaryEquitySharesIssued
/ us-gaap_StatementClassOfStockAxis
= us-gaap_SeriesDPreferredStockMember
[1]   21,735,008us-gaap_TemporaryEquitySharesIssued
/ us-gaap_StatementClassOfStockAxis
= us-gaap_SeriesDPreferredStockMember
[1]       21,700,000us-gaap_TemporaryEquitySharesIssued
/ us-gaap_StatementClassOfStockAxis
= us-gaap_SeriesDPreferredStockMember
        21,735,008us-gaap_TemporaryEquitySharesIssued
/ us-gaap_StatementClassOfStockAxis
= us-gaap_SeriesDPreferredStockMember
[1]
Proceeds from issuances of preferred shares                 288,000,000us-gaap_TemporaryEquityStockIssuedDuringPeriodValueNewIssues
/ us-gaap_StatementClassOfStockAxis
= us-gaap_SeriesDPreferredStockMember
         
Preferred stock, dividend rate, percentage                 5.81%us-gaap_PreferredStockDividendRatePercentage
/ us-gaap_StatementClassOfStockAxis
= us-gaap_SeriesDPreferredStockMember
         
Share price                 $ 13.59us-gaap_SharePrice
/ us-gaap_StatementClassOfStockAxis
= us-gaap_SeriesDPreferredStockMember
         
Temporary equity, dividend rate, per-dollar amount                 $ 0.79arcp_TemporaryEquityDividendRatePerDollarAmount
/ us-gaap_StatementClassOfStockAxis
= us-gaap_SeriesDPreferredStockMember
         
Temporary equity, liquidation preference per share                 $ 13.59us-gaap_TemporaryEquityLiquidationPreferencePerShare
/ us-gaap_StatementClassOfStockAxis
= us-gaap_SeriesDPreferredStockMember
         
Temporary equity, liquidation preference, premium percentage                 20.00%arcp_TemporaryEquityLiquidationPreferencePremiumPercentage
/ us-gaap_StatementClassOfStockAxis
= us-gaap_SeriesDPreferredStockMember
         
Temporary equity, redemption, liquidation preference, percentage                 102.00%arcp_TemporaryEquityRedemptionLiquidationPreferencePercentage
/ us-gaap_StatementClassOfStockAxis
= us-gaap_SeriesDPreferredStockMember
         
Temporary equity, redemption, value weighted average price, percentage                 102.00%arcp_TemporaryEquityRedemptionValueWeightedAveragePricePercentage
/ us-gaap_StatementClassOfStockAxis
= us-gaap_SeriesDPreferredStockMember
         
Temporary equity, conversion, value weighted average price discount, percentage                 2.00%arcp_TemporaryEquityConversionValueWeightedAveragePriceDiscountPercentage
/ us-gaap_StatementClassOfStockAxis
= us-gaap_SeriesDPreferredStockMember
         
Number of trading days prior to the conversion election date                 10 days          
Temporary equity, conversion, discount on closing price, percentage                 2.00%arcp_TemporaryEquityConversionDiscountonClosingPricePercentage
/ us-gaap_StatementClassOfStockAxis
= us-gaap_SeriesDPreferredStockMember
         
Temporary equity, redemption price per share                 $ 13.59us-gaap_TemporaryEquityRedemptionPricePerShare
/ us-gaap_StatementClassOfStockAxis
= us-gaap_SeriesDPreferredStockMember
         
Temporary equity, conversion, volume weighted average price, percent                 102.00%arcp_TemporaryEquityConversionVolumeWeightedAveragePricePercent
/ us-gaap_StatementClassOfStockAxis
= us-gaap_SeriesDPreferredStockMember
         
Embedded derivative, fair value of embedded derivative, net 11,500,000us-gaap_EmbeddedDerivativeFairValueOfEmbeddedDerivativeNet
/ us-gaap_StatementClassOfStockAxis
= us-gaap_SeriesDPreferredStockMember
  11,500,000us-gaap_EmbeddedDerivativeFairValueOfEmbeddedDerivativeNet
/ us-gaap_StatementClassOfStockAxis
= us-gaap_SeriesDPreferredStockMember
  11,500,000us-gaap_EmbeddedDerivativeFairValueOfEmbeddedDerivativeNet
/ us-gaap_StatementClassOfStockAxis
= us-gaap_SeriesDPreferredStockMember
      18,700,000us-gaap_EmbeddedDerivativeFairValueOfEmbeddedDerivativeNet
/ us-gaap_StatementClassOfStockAxis
= us-gaap_SeriesDPreferredStockMember
        16,700,000us-gaap_EmbeddedDerivativeFairValueOfEmbeddedDerivativeNet
/ us-gaap_StatementClassOfStockAxis
= us-gaap_SeriesDPreferredStockMember
Gain (loss) on derivative instruments, net, pre tax     5,200,000us-gaap_GainLossOnDerivativeInstrumentsNetPretax
/ us-gaap_StatementClassOfStockAxis
= us-gaap_SeriesDPreferredStockMember
                     
Preferred stock, fair value $ 269,299,000us-gaap_TemporaryEquityCarryingAmountIncludingPortionAttributableToNoncontrollingInterests
/ us-gaap_StatementClassOfStockAxis
= us-gaap_SeriesDPreferredStockMember
[1]   $ 269,299,000us-gaap_TemporaryEquityCarryingAmountIncludingPortionAttributableToNoncontrollingInterests
/ us-gaap_StatementClassOfStockAxis
= us-gaap_SeriesDPreferredStockMember
[1]   $ 269,299,000us-gaap_TemporaryEquityCarryingAmountIncludingPortionAttributableToNoncontrollingInterests
/ us-gaap_StatementClassOfStockAxis
= us-gaap_SeriesDPreferredStockMember
[1]       $ 269,300,000us-gaap_TemporaryEquityCarryingAmountIncludingPortionAttributableToNoncontrollingInterests
/ us-gaap_StatementClassOfStockAxis
= us-gaap_SeriesDPreferredStockMember
        $ 269,299,000us-gaap_TemporaryEquityCarryingAmountIncludingPortionAttributableToNoncontrollingInterests
/ us-gaap_StatementClassOfStockAxis
= us-gaap_SeriesDPreferredStockMember
[1]
Temporary equity, shares authorized 21,735,008us-gaap_TemporaryEquitySharesAuthorized
/ us-gaap_StatementClassOfStockAxis
= us-gaap_SeriesDPreferredStockMember
[1]   21,735,008us-gaap_TemporaryEquitySharesAuthorized
/ us-gaap_StatementClassOfStockAxis
= us-gaap_SeriesDPreferredStockMember
[1]   21,735,008us-gaap_TemporaryEquitySharesAuthorized
/ us-gaap_StatementClassOfStockAxis
= us-gaap_SeriesDPreferredStockMember
[1]                 21,735,008us-gaap_TemporaryEquitySharesAuthorized
/ us-gaap_StatementClassOfStockAxis
= us-gaap_SeriesDPreferredStockMember
[1]
Series F Preferred Stock [Member]                            
Class of Stock [Line Items]                            
Preferred stock, issued 42,700,000us-gaap_PreferredStockSharesIssued
/ us-gaap_StatementClassOfStockAxis
= us-gaap_SeriesFPreferredStockMember
  42,700,000us-gaap_PreferredStockSharesIssued
/ us-gaap_StatementClassOfStockAxis
= us-gaap_SeriesFPreferredStockMember
  42,700,000us-gaap_PreferredStockSharesIssued
/ us-gaap_StatementClassOfStockAxis
= us-gaap_SeriesFPreferredStockMember
                 
Preferred stock, outstanding 42,700,000us-gaap_PreferredStockSharesOutstanding
/ us-gaap_StatementClassOfStockAxis
= us-gaap_SeriesFPreferredStockMember
  42,700,000us-gaap_PreferredStockSharesOutstanding
/ us-gaap_StatementClassOfStockAxis
= us-gaap_SeriesFPreferredStockMember
  42,700,000us-gaap_PreferredStockSharesOutstanding
/ us-gaap_StatementClassOfStockAxis
= us-gaap_SeriesFPreferredStockMember
                 
Preferred stock, liquidation preference per share $ 25.00us-gaap_PreferredStockLiquidationPreference
/ us-gaap_StatementClassOfStockAxis
= us-gaap_SeriesFPreferredStockMember
  $ 25.00us-gaap_PreferredStockLiquidationPreference
/ us-gaap_StatementClassOfStockAxis
= us-gaap_SeriesFPreferredStockMember
  $ 25.00us-gaap_PreferredStockLiquidationPreference
/ us-gaap_StatementClassOfStockAxis
= us-gaap_SeriesFPreferredStockMember
                 
Preferred stock, dividend rate, per-dollar-amount     $ 1.675us-gaap_PreferredStockDividendRatePerDollarAmount
/ us-gaap_StatementClassOfStockAxis
= us-gaap_SeriesFPreferredStockMember
                     
Series F Preferred Stock [Member] | Member Units [Member] | ARCT IV [Member]                            
Class of Stock [Line Items]                            
Preferred stock, dividend rate, percentage                   6.70%us-gaap_PreferredStockDividendRatePercentage
/ us-gaap_BusinessAcquisitionAxis
= arcp_AmericanRealtyCapitalTrustIVInc.Member
/ us-gaap_StatementClassOfStockAxis
= us-gaap_SeriesFPreferredStockMember
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_MemberUnitsMember
       
Business acquisition, equity interest issued or issuable, number of shares                   42,200,000us-gaap_BusinessAcquisitionEquityInterestsIssuedOrIssuableNumberOfSharesIssued
/ us-gaap_BusinessAcquisitionAxis
= arcp_AmericanRealtyCapitalTrustIVInc.Member
/ us-gaap_StatementClassOfStockAxis
= us-gaap_SeriesFPreferredStockMember
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_MemberUnitsMember
       
Series F Preferred Stock [Member] | Member Units [Member] | ARCT IV [Member] | American Realty Capital Trust IV, Operating Partnership [Member]                            
Class of Stock [Line Items]                            
Business acquisition, equity interest issued or issuable, number of shares                   700,000us-gaap_BusinessAcquisitionEquityInterestsIssuedOrIssuableNumberOfSharesIssued
/ us-gaap_BusinessAcquisitionAxis
= arcp_AmericanRealtyCapitalTrustIVInc.Member
/ us-gaap_CounterpartyNameAxis
= arcp_AmericanRealtyCapitalTrustIVOperatingPartnershipMember
/ us-gaap_StatementClassOfStockAxis
= us-gaap_SeriesFPreferredStockMember
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_MemberUnitsMember
       
Series F OP Units [Member]                            
Class of Stock [Line Items]                            
Preferred stock, issued 200,000us-gaap_PreferredStockSharesIssued
/ us-gaap_StatementClassOfStockAxis
= arcp_SeriesFOPUnitsMember
  200,000us-gaap_PreferredStockSharesIssued
/ us-gaap_StatementClassOfStockAxis
= arcp_SeriesFOPUnitsMember
  200,000us-gaap_PreferredStockSharesIssued
/ us-gaap_StatementClassOfStockAxis
= arcp_SeriesFOPUnitsMember
                 
Preferred stock, outstanding 200,000us-gaap_PreferredStockSharesOutstanding
/ us-gaap_StatementClassOfStockAxis
= arcp_SeriesFOPUnitsMember
  200,000us-gaap_PreferredStockSharesOutstanding
/ us-gaap_StatementClassOfStockAxis
= arcp_SeriesFOPUnitsMember
  200,000us-gaap_PreferredStockSharesOutstanding
/ us-gaap_StatementClassOfStockAxis
= arcp_SeriesFOPUnitsMember
                 
[1] For discussion on the restatement adjustments, see Note 2 - Restatement of Previously Issued Financial Statements.
[2] Includes $2.2 million to affiliates of the Former Manager (as defined in Note 1) for the six months ended June 30, 2014.