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CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) (USD $)
In Thousands, except Share data
3 Months Ended 6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Jun. 30, 2011
Jun. 30, 2010
Revenues        
Asset management revenue $ 16,619 $ 19,080 $ 36,439 $ 37,900
Structuring revenue 5,735 13,102 21,680 19,936
Incentive Termination And Subordinated Disposition Revenue 52,515 0 52,515 0
Wholesaling revenue 2,922 2,741 6,202 5,283
Reimbursed costs from affiliates 17,059 14,838 34,778 29,440
Lease revenues 17,839 15,444 33,299 31,135
Other real estate income 5,709 4,796 11,017 8,572
Revenues, Total 118,398 70,001 195,930 132,266
Operating Expenses        
General and administrative (24,585) (18,647) (45,908) (36,694)
Reimbursable costs (17,059) (14,838) (34,778) (29,440)
Depreciation and amortization (7,305) (5,743) (12,742) (11,828)
Property expenses (3,066) (2,310) (6,204) (4,494)
Other real estate expenses (2,942) (1,773) (5,499) (3,588)
Impairment charges (41) 0 (41) 0
Operating Expenses, Total (54,998) (43,311) (105,172) (86,044)
Other Income and Expenses        
Other interest income 560 336 1,235 609
Income from equity investments in real estate and REITs 12,465 7,638 18,681 16,780
Gain On Change In Control Of Interests 27,859 0 27,859 0
Other income and (expenses) 4,758 47 5,239 (610)
Interest expense (5,396) (3,765) (9,836) (7,476)
Other Income and Expenses, Total 40,246 4,256 43,178 9,303
Income from continuing operations before income taxes 103,646 30,946 133,936 55,525
Provision for income taxes (24,760) (6,751) (32,334) (10,863)
Income from continuing operations 78,886 24,195 101,602 44,662
Discontinued Operations        
(Loss) income from operations of discontinued properties (36) 455 83 1,038
(Loss) gain on sale of real estate (121) 56 660 460
Impairment charges 0 (985) 0 (8,137)
(Loss) income from discontinued operations (157) (474) 743 (6,639)
Net income 78,729 23,721 102,345 38,023
Add: Net loss attributable to noncontrolling interests 384 128 714 414
Less: Net income attributable to redeemable noncontrolling interest (1) (417) (604) (592)
Net income attributable to W. P. Carey members 79,112 23,432 102,455 37,845
Basic Earnings Per Share        
Income from continuing operations attributable to W. P. Carey members $ 1.96 $ 0.60 $ 2.52 $ 1.11
(Loss) income from discontinued operations attributable to W. P. Carey members $ 0 $ (0.01) $ 0.02 $ (0.16)
Net income attributable to W. P. Carey members $ 1.96 $ 0.59 $ 2.54 $ 0.95
Diluted Earnings Per Share        
Income from continuing operations attributable to W. P. Carey members $ 1.94 $ 0.60 $ 2.50 $ 1.11
(Loss) income from discontinued operations attributable to W. P. Carey members $ 0 $ (0.01) $ 0.02 $ (0.16)
Net income attributable to W. P. Carey members $ 1.94 $ 0.59 $ 2.52 $ 0.95
Weighted Average Shares Outstanding        
Basic 39,782,796 39,081,064 39,760,676 39,116,126
Diluted 40,243,548 39,510,231 40,192,418 39,567,583
Amounts Attributable to W. P. Carey Members        
Income from continuing operations, net of tax 79,269 23,906 101,712 44,484
(Loss) income from Discontinued Operations, Net of Tax (157) (474) 743 (6,639)
Net income $ 79,112 $ 23,432 $ 102,455 $ 37,845
Distribution Declared Per Share $ 0.550 $ 0.506 $ 1.062 $ 1.010