EX-99.2 4 a13-23431_3ex99d2.htm EX-99.2

Exhibit 99.2

 

Filed pursuant to Rule 425 under the Securities Act of 1933

and deemed filed pursuant to Rule 14a-12 of the Securities Exchange Act of 1934

Filing Person: Corporate Property Associates 16 – Global Incorporated

Subject Company: Corporate Property Associates 16 – Global Incorporated

Commission File Number: 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  (a)

 

2011  (a)

 

2010

 

2009

 

2008

 

Operating Data (b)

 

 

 

 

 

 

 

 

 

 

 

Revenues from continuing operations

 

$

310,280

 

$

297,029

 

$

220,936

 

$

220,660

 

$

218,865

 

Income from continuing operations

 

56,000

 

29,382

 

54,622

 

26,156

 

42,075

 

Net income (c)

 

41,450

 

21,293

 

59,238

 

12,959

 

47,360

 

Add: Net (income) loss attributable to noncontrolling interests

 

(25,576)

 

(9,891)

 

(4,905)

 

8,050

 

(339)

 

Add: Net loss (income) attributable to redeemable noncontrolling interests

 

2,192

 

(1,902)

 

(22,326)

 

(23,549)

 

(26,774)

 

Net income (loss) attributable to CPA®:16 – Global stockholders

 

18,066

 

9,500

 

32,007

 

(2,540)

 

20,247

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings (Loss) Per Share:

 

 

 

 

 

 

 

 

 

 

 

Income from continuing operations attributable to CPA®:16 – Global stockholders

 

0.17

 

0.11

 

0.24

 

0.01

 

0.13

 

Net income (loss) attributable to CPA®:16 – Global stockholders

 

0.09

 

0.05

 

0.26

 

(0.02)

 

0.17

 

 

 

 

 

 

 

 

 

 

 

 

 

Cash distributions declared per share

 

0.6692

 

0.6642

 

0.6624

 

0.6621

 

0.6576

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance Sheet Data

 

 

 

 

 

 

 

 

 

 

 

Total assets

 

$

3,406,792

 

$

3,644,934

 

$

2,438,391

 

$

2,889,005

 

$

2,967,203

 

Net investments in real estate (d)

 

2,765,886

 

2,862,040

 

2,127,900

 

2,223,549

 

2,190,625

 

Long-term obligations (e)

 

1,788,937

 

1,946,170

 

1,371,949

 

1,454,851

 

1,453,901

 

 

 

 

 

 

 

 

 

 

 

 

 

Other Information

 

 

 

 

 

 

 

 

 

 

 

Net cash provided by operating activities

 

$

190,939

 

$

156,927

 

$

121,390

 

$

116,625

 

$

117,435

 

Cash distributions paid

 

134,649

 

103,880

 

82,013

 

80,778

 

79,011

 

Payments of mortgage principal (f)

 

85,990

 

52,034

 

21,613

 

18,747

 

15,487

 

 

 

(a)                   Results for the years ended December 31, 2012 and 2011 include the impact of the Merger in May 2011.

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

(c)                    Net income in 2012, 2011, 2010, 2009, and 2008 reflected impairment charges totaling $22.9 million, inclusive of amounts attributable to noncontrolling interests totaling less than $0.1 million, $27.5 million, inclusive of amounts attributable to noncontrolling interests totaling $0.2 million, $10.9 million, inclusive of amounts attributable to noncontrolling interests totaling $2.5 million, $59.6 million, inclusive of amounts attributable to noncontrolling interests totaling $12.8 million, and $4.0 million, respectively.

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

(e)                    Represents non-recourse mortgage obligations, our credit facility, and deferred acquisition fee installments.

(f)                     Represents scheduled mortgage principal payments.

 

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