Equity (Tables)

12 Months Ended

Dec. 31, 2013

Schedule of Distributions Paid Per Share for Tax

The following table presents distributions per share, declared and paid during the year ended December 31, 2013 and in October 2012, reported for federal tax purposes and serves as a designation of capital gain distributions, if applicable, pursuant to Internal Revenue Code Section 857(b)(3)(C) and Treasury Regulation § 1.857-6(e):



	Distributions Paid
	During the Year Ended December 31, 2013		On October 16, 2012
Ordinary income	$	3.1701	$	0.6228
Return of capital	0.0099		0.0272
Total distributions paid	$	3.1800	$	0.6500

Redeemable Noncontrolling Interest

The following table presents a reconciliation of the effect of transfers in noncontrolling interest (in thousands):



	Years Ended December 31,
	2013		2012			2011
Net income attributable to W. P. Carey	$	98,876	$	62,132		$	139,079
Transfers to noncontrolling interest
Decrease in W. P. Carey’s additional paid-in capital for purchase of 50 Rock	—		(154		)	—
Decrease in W. P. Carey’s additional paid-in capital for purchase of CheckFree Holdings, Inc.	—		—			(5,879		)
Net transfers to noncontrolling interest	—		(154		)	(5,879		)
Change from net income attributable to W. P. Carey and transfers to noncontrolling interest	$	98,876	$	61,978		$	133,200

The following table presents a reconciliation of redeemable noncontrolling interest (in thousands):



	Years Ended December 31,
	2013			2012			2011
Beginning balance	$	7,531		$	7,700		$	7,546
Redemption value adjustment	—			840			(455		)
Net income	353			40			1,923
Distributions	(435		)	(1,055		)	(1,309		)
Change in other comprehensive income (loss)	(13		)	6			(5		)
Ending balance	$	7,436		$	7,531		$	7,700

Schedule of Accumulated Other Comprehensive Income (Loss)

The following table presents the components of Accumulated other comprehensive income (loss) reflected in equity, net of tax. Amounts include our proportionate share of other comprehensive income or loss from our unconsolidated investments (in thousands):



	December 31,
	2013			2012
Unrealized appreciation on marketable securities	$	31		$	31
Realized and unrealized loss on derivative instruments	(7,488		)	(7,508		)
Foreign currency translation adjustments	22,793			2,828
Accumulated other comprehensive income (loss)	$	15,336		$	(4,649	)

Reclassification Out of Accumulated Other Comprehensive Income

The following tables present a reconciliation of changes in accumulated other comprehensive income (loss) by component for the periods presented (in thousands):



	Year Ended December 31, 2013
	Realized and Unrealized Gains (Losses) on Derivative Instruments			Foreign Currency Translation Adjustments			Unrealized Appreciation (Depreciation) on Marketable Securities		Total
Beginning balance	$	(7,508	)	$	2,828		$	31	$	(4,649	)
Other comprehensive (loss) income before reclassifications	(2,793		)	21,835			—		19,042
Amounts reclassified from accumulated other comprehensive income (loss) to:
Interest expense	1,745			—			—		1,745
Other income and (expenses)	537			—			—		537
Net income from equity investments in real estate and the Managed REITs	531			—			—		531
Total	2,813			—			—		2,813
Net current period other comprehensive (loss) income	20			21,835			—		21,855
Net current period other comprehensive income attributable to noncontrolling interests and redeemable noncontrolling interests	—			(1,870		)	—		(1,870		)
Ending balance	$	(7,488	)	$	22,793		$	31	$	15,336



	Year Ended December 31, 2012
	Realized and Unrealized Gains (Losses) on Derivative Instruments			Foreign Currency Translation Adjustments			Unrealized Appreciation (Depreciation) on Marketable Securities			Total
Beginning balance	$	(5,246	)	$	(3,299	)	$	38		$	(8,507	)
Other comprehensive (loss) income before reclassifications	(4,394		)	7,809			(7		)	3,408
Amounts reclassified from accumulated other comprehensive income (loss) to:
Interest expense	1,539			—			—			1,539
Other income and (expenses)	239			—			—			239
Net income from equity investments in real estate and the Managed REITs	354			—			—			354
Total	2,132			—			—			2,132
Net current period other comprehensive (loss) income	(2,262		)	7,809			(7		)	5,540
Net current period other comprehensive income attributable to noncontrolling interests and redeemable noncontrolling interests	—			(1,682		)	—			(1,682		)
Ending balance	$	(7,508	)	$	2,828		$	31		$	(4,649	)



	Year Ended December 31, 2011
	Realized and Unrealized Gains (Losses) on Derivative Instruments			Foreign Currency Translation Adjustments			Unrealized Appreciation (Depreciation) on Marketable Securities			Total
Beginning balance	$	(1,658	)	$	(1,854	)	$	49		$	(3,463	)
Other comprehensive loss before reclassifications	(4,120		)	(1,796		)	(11		)	(5,927		)
Amounts reclassified from accumulated other comprehensive income (loss) to:
Interest expense	344			—			—			344
Net income from equity investments in real estate and the Managed REITs	188			—			—			188
Total	532			—			—			532
Net current period other comprehensive loss	(3,588		)	(1,796		)	(11		)	(5,395		)
Net current period other comprehensive loss attributable to noncontrolling interests and redeemable noncontrolling interests	—			351			—			351
Ending balance	$	(5,246	)	$	(3,299	)	$	38		$	(8,507	)

Earnings Per Share Reconciliation Table

The following table summarizes basic and diluted earnings (in thousands, except share amounts):



	Years Ended December 31,
	2013			2012			2011
Net income attributable to W. P. Carey	$	98,876		$	62,132		$	139,079
Allocation of distribution equivalents paid on unvested RSUs and RSAs in excess of income	(743		)	(535		)	(2,130		)
Net income – basic	98,133			61,597			136,949
Income effect of dilutive securities, net of taxes	187			23			1,076
Net income – diluted	$	98,320		$	61,620		$	138,025

Weighted average shares outstanding – basic	68,691,046			47,389,460			39,819,475
Effect of dilutive securities	1,016,962			689,014			278,620
Weighted average shares outstanding – diluted	69,708,008			48,078,474			40,098,095