W. P. Carey Inc
(NYSE:WPC)

W. P. Carey ranks among the largest net lease REITs with an enterprise value of approximately $18 billion and a diversified portfolio of operationally-critical commercial real estate that includes 1,215 net lease properties covering approximately 142 million square feet as of September 30, 2020. For...

Website: http://www.wpcarey.com

Founded: 1973

Full Time Employees: 204

Sector: Real Estate

Industry: REIT-Diversified

REIT

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Quarterly

Annual

Unit: USD	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2014-12-31	2014-09-30	2014-06-30	2014-03-31	2013-12-31	2013-09-30	2013-06-30	2013-03-31	2012-12-31	2012-09-30	2012-06-30	2012-03-31	2011-12-31	2011-09-30	2011-06-30	2011-03-31	2010-12-31	2010-09-30	2010-06-30	2010-03-31	2009-12-31	2009-09-30	2009-06-30	2009-03-31	2008-12-31	2008-09-30	2008-06-30	2008-03-31	2007-12-31	2007-09-30	2007-06-30	2007-03-31	2006-12-31	2006-09-30	2006-06-30	2006-03-31	2005-12-31

revenues
real estate:
lease revenues	389,154,000	372,087,000	364,195,000	353,768,000	351,394,000	334,039,000	324,104,000	322,251,000	336,757,000	369,159,000	369,124,000	352,336,000	347,636,000	331,902,000	314,354,000	307,725,000	256,169,000	314,194,000	305,310,000	301,765,000	298,235,000	293,856,000	280,303,000	282,110,000	274,795,000	278,839,000	269,802,000	262,939,000	223,487,000	167,088,000	162,634,000	163,213,000	154,826,000	161,511,000	158,255,000	155,781,000	157,105,000	163,786,000	167,328,000	175,244,000	169,476,000	164,741,000	162,574,000	160,165,000	153,266,000	149,243,000	148,253,000	123,213,000					12,816,250	16,714,000	17,228,000	17,653,000	19,360,000	18,609,000	17,839,000	15,460,000	15,403,000	16,203,000	15,833,000	16,465,000	12,803,000	17,448,000	18,473,000	18,391,000	18,349,000	18,959,000	19,422,000	19,202,000	16,291,000	19,845,000	19,998,000	19,632,000
income from finance leases and loans receivable	26,716,000	26,498,000	20,276,000	17,458,000	16,796,000	15,712,000	14,961,000	25,793,000	31,532,000	27,575,000	27,311,000	20,755,000
operating property revenues	18,379,000	26,771,000	34,287,000	33,094,000	34,132,000	37,323,000	38,715,000	36,643,000	39,477,000	49,218,000	50,676,000	40,886,000	28,951,000	21,350,000	5,064,000	3,865,000	4,004,000	4,050,000	3,245,000	2,179,000	2,031,000	1,974,000	1,427,000	5,967,000	9,250,000	9,538,000	15,436,000	15,996,000	11,707,000	4,282,000	4,865,000	7,218,000	6,910,000	8,449,000	8,223,000	6,980,000	7,071,000	8,524,000	8,270,000	6,902,000	6,870,000	8,107,000	8,426,000	7,112,000	7,333,000	8,338,000	8,251,000	4,993,000
other lease-related income	8,137,000	3,660,000	9,643,000	3,121,000	1,329,000	7,701,000	9,149,000	2,155,000	2,610,000	2,310,000	5,040,000	13,373,000
real estate: - sum	442,386,000	429,016,000	428,401,000	407,441,000	403,651,000	394,775,000	386,929,000	386,842,000	410,376,000	448,262,000	452,151,000	427,350,000	402,142,000	382,081,000	339,787,000	344,091,000	235,450,500	320,841,000	314,790,000	306,171,000	218,907,000	297,395,000	283,647,000	294,586,000	296,362,000	302,754,000	291,542,000	282,205,000	132,708,500	179,330,000
investment management:
asset management revenue	1,085,000	1,218,000	1,304,000	1,350,000	1,461,000	1,557,000	1,686,000	1,893,000	1,348,000	194,000	303,000	339,000									3,864,000	3,748,000	4,472,000	9,889,000	9,732,000	9,878,000	9,790,000	9,732,000	11,954,000	17,349,000	17,268,000	16,985,000	16,854,000	17,938,000	17,966,000	17,367,000	16,375,000	15,978,000	15,005,000	14,613,000	13,748,000	13,004,000	12,073,000	11,159,000	10,153,000	9,088,000	9,045,000	9,777,000					11,772,000	15,850,000	15,636,000	15,602,000	15,529,000	14,840,000	16,619,000	19,820,000	19,127,000	19,219,000	19,080,000	18,820,000	19,180,000	19,106,000	19,227,000	19,108,000	20,344,000	20,205,000	20,039,000	20,126,000	19,165,000	18,648,000	30,204,000	15,034,000	14,155,000	14,364,000	14,752,000	17,360,000
other advisory income and reimbursements	1,076,000	1,069,000	1,072,000	1,067,000	1,053,000	1,051,000	1,057,000	1,063,000
investment management: - sum	2,161,000	2,287,000	2,376,000	2,417,000	2,514,000	2,608,000	2,743,000	2,956,000	2,061,000	291,000	427,000	440,000	487,000	1,541,000	4,610,000	4,347,000	3,710,500	4,913,000	4,934,000	4,995,000	6,580,000	5,024,000	6,883,000	14,413,000	14,865,000	15,251,000	13,669,000	16,118,000	20,375,750	30,054,000		24,218,000	32,992,000	34,170,000	47,481,000	50,317,000	32,214,750	45,176,000	34,439,000
operating expenses
depreciation and amortization	145,339,000	125,586,000	120,595,000	129,607,000	115,770,000	115,705,000	137,481,000	118,768,000	129,484,000	144,771,000	143,548,000	156,409,000	140,749,000	132,181,000	115,080,000	115,393,000	135,662,000	115,657,000	114,348,000	110,322,000	110,913,000	108,351,000	107,477,000	116,194,000	111,607,000	109,517,000	113,632,000	112,379,000	93,321,000	67,825,000	64,337,000	65,957,000	64,015,000	64,040,000	62,849,000	62,430,000	62,675,000	62,802,000	66,581,000	84,452,000	74,236,000	75,512,000	65,166,000	65,400,000	61,481,000	59,524,000	63,445,000	52,782,000	29,081,000	31,560,000	30,927,000	30,876,000			-6,733,000	-6,864,000	-9,392,000	-7,180,000	-7,305,000	-5,450,000	-5,911,000	-6,067,000	-5,815,000	-6,369,000	-5,276,000	-5,936,000	-7,120,000	-5,683,000	-6,899,000	-6,395,000	-6,279,000	-6,091,000	-5,508,000	-6,246,000	-6,950,000	-6,944,000
general and administrative	25,899,000	23,656,000	24,150,000	26,967,000	24,254,000	22,679,000	24,168,000	27,868,000	21,533,000	23,258,000	24,788,000	26,448,000	22,728,000	22,299,000	20,841,000	23,084,000	19,591,000	19,750,000	20,464,000	22,083,000	18,334,000	19,399,000	17,472,000	20,745,000	17,069,000	17,210,000	19,729,000	21,285,000	17,449,000	15,863,000	16,442,000	18,583,000	17,702,000	17,236,000	17,529,000	18,424,000	24,230,000	15,733,000	20,951,000	21,438,000	24,185,000	22,842,000	26,376,000	29,768,000	29,522,000	20,261,000	19,133,000	28,111,000	-621,000	28,761,000	30,250,000	28,973,000			-26,582,000	-26,909,000	-22,612,000	-25,187,000	-24,585,000	-21,323,000	-22,869,000	-14,828,000	-18,131,000	-17,601,000	-14,369,000	-14,970,000	-14,310,000	-19,099,000	-14,348,000	-17,013,000	-15,816,000	-15,413,000	-13,983,000	-12,345,000	-23,256,000	-12,237,000	-11,665,000	-8,800,000	-9,871,000	-14,156,000
impairment charges — real estate	39,690,000	19,474,000	4,349,000	6,854,000	27,843,000		15,752,000		71,238,000	15,173,000			12,734,000
operating property expenses	11,863,000	15,049,000	16,721,000	16,544,000	16,586,000	17,765,000	18,565,000	17,950,000	20,403,000	26,570,000	26,919,000	21,249,000	11,719,000	9,357,000	3,191,000	2,787,000	2,887,000	3,001,000	2,049,000	1,911,000	1,696,000	1,594,000	1,388,000	5,223,000	8,000,000	8,547,000	10,874,000	10,594,000
property expenses, excluding reimbursable tenant costs	13,859,000	14,637,000	13,623,000	11,706,000	12,580,000	10,993,000	13,931,000	12,173,000	13,287,000	13,021,000	5,371,000	12,772,000	13,879,000	11,244,000	11,851,000	13,779,000	11,466,000	13,734,000	11,815,000	10,883,000	10,418,000	11,923,000	11,651,000	10,075,000	9,341,000	10,377,000	9,915,000	9,912,000	-3,987,000	7,953,000	8,908,000	9,899,000	9,560,000	10,556,000	10,530,000	10,110,000	10,956,000	10,193,000	10,510,000	17,772,000	20,695,000	11,120,000	11,020,000	9,364,000	7,704,000	10,391,000	11,209,000	8,429,000
reimbursable tenant costs	19,371,000	14,562,000	17,718,000	17,092,000	15,661,000	13,337,000	14,004,000	12,973,000	18,942,000	20,498,000	20,523,000	21,976,000	21,084,000	18,874,000	16,704,000	16,960,000	16,475,000	15,092,000	15,092,000	15,758,000	13,710,000	15,728,000	13,796,000	13,175,000	12,877,000	15,611,000	13,917,000	13,171,000	10,145,000	5,979,000	5,733,000	6,219,000	5,584,000	5,397,000	5,322,000	5,221,000	6,201,000	6,537,000	6,391,000	6,309,000	5,423,000	5,340,000	6,130,000	5,939,000	6,828,000	6,271,000	5,749,000	6,030,000
stock-based compensation expense	8,650,000	11,153,000	10,943,000	9,148,000	9,667,000	13,468,000	8,903,000	8,856,000	8,693,000	9,050,000	8,995,000	7,766,000	9,739,000	5,511,000	9,758,000	7,833,000	6,091,000	4,361,000	9,048,000	5,381,000	5,795,000	4,564,000	2,918,000	2,661,000	4,939,000	4,747,000	4,936,000	4,165,000	3,902,000	2,475,000	3,698,000	8,219,000	4,268,000	4,635,000	3,104,000	6,910,000	3,051,000	4,356,000	4,001,000	6,607,000	5,563,000	3,966,000	5,089,000	7,009,000	8,096,000	7,979,000	7,957,000
merger and other expenses	478,000	1,021,000	192,000	556,000	-484,000	283,000	206,000	4,452,000	-641,000	4,152,000	1,419,000	24,000	2,058,000	17,667,000	1,984,000	-2,322,000	-995,750	-908,000	-2,599,000	-476,000	166,250	-596,000	1,074,000	187,000	-811,000	70,000	696,000	146,000	1,082,000	1,673,000	2,692,000
operating expenses - sum	265,149,000	225,138,000	208,291,000	218,474,000	221,877,000	194,230,000	233,010,000	203,040,000	282,985,000	256,590,000	231,687,000	246,745,000	234,794,000	246,811,000	186,758,000	198,620,000	131,529,250	188,029,000	171,185,000	166,903,000	128,401,250	162,239,000	158,379,000	192,987,000	175,816,000	198,409,000	179,170,000	177,722,000	85,276,250	110,937,000		120,966,000	94,509,250	115,164,000	127,991,000	134,882,000	119,292,250	136,472,000	160,697,000		107,481,500	159,066,000		140,479,000	115,297,000	128,219,000	161,357,000	171,742,000	64,458,500	96,026,000	84,957,000	82,982,000			-60,637,000	-61,006,000	-58,820,000	-58,405,000	-54,998,000	-50,204,000	-54,842,000	-42,491,000	-43,452,000	-50,420,000	-43,653,000	-40,793,000	-38,132,000		-34,207,000	-39,053,000	-36,683,000	-36,317,000	-55,945,000	-26,993,000	-36,644,000	-26,600,000
other income and expenses																																																																			127,000	3,154,000
interest expense	-75,431,000	-75,226,000	-71,795,000	-68,804,000	-70,883,000	-72,526,000	-65,307,000	-68,651,000	-72,194,000	-76,974,000	-75,488,000	-67,196,000	-67,668,000	-59,022,000	-46,417,000	-46,053,000	-47,208,000	-48,731,000	-49,252,000	-51,640,000	-52,828,000	-52,537,000	-52,182,000	-52,540,000	-53,667,000	-58,626,000	-59,719,000	-61,313,000	-57,250,000	-41,740,000	-41,311,000	-38,074,000	-40,401,000	-41,182,000	-42,235,000	-41,957,000	-43,913,000	-44,349,000	-46,752,000	-48,395,000	-49,001,000	-49,683,000	-47,693,000	-47,949,000	-44,780,000	-46,534,000	-47,733,000	-39,075,000	-22,541,000	-27,482,000	-26,912,000				-7,246,000	-7,345,000	-6,260,000	-5,989,000	-5,396,000	-4,440,000	-4,460,000	-4,298,000	-3,765,000	-3,711,000	-3,589,000	-3,889,000	-3,923,000	-4,329,000	-4,710,000	-5,004,000	-4,532,000	-5,043,000	-4,730,000	-5,618,000	-5,669,000	-4,863,000	-4,815,000	-4,395,000	-4,541,000	-4,388,000
gain on sale of real estate	52,791,000	44,401,000	52,824,000	43,777,000	4,480,000	15,534,000	39,363,000	15,445,000	134,026,000	2,401,000	1,808,000	177,749,000	5,845,000	-4,736,000	31,119,000	11,248,000	9,511,000	1,702,000	19,840,000	9,372,000	76,686,000	20,933,000		11,751,000	17,501,000	71,000	-362,000	933,000																											-298,000	-181,000	-3,655,000	-396,000	-121,000	781,000	115,000		56,000	404,000	85,750		478,000						240,500		962,000		3,637,000	-185,000
other gains and	-10,131,000	-31,011,000	-148,768,000	-42,197,000	-77,224,000	-77,107,000	2,504,000	13,839,000	-45,777,000	2,859,000	-1,366,000	8,100,000	97,059,000	-15,020,000	-21,746,000	35,745,000	-28,461,000	49,219,000	7,545,000	-41,188,000	-2,785,000	45,113,000	8,847,000	-4,423,000	43,593,000	-12,402,000	-671,000	955,000	13,215,000	8,875,000	10,586,000	-2,763,000
non-operating income	2,516,000	3,030,000	3,495,000	7,910,000	13,847,000	13,669,000	9,215,000	15,505,000	7,445,000	4,862,000	4,509,000	4,626,000	6,526,000	9,263,000	5,974,000	8,546,000	3,156,000	1,283,000	3,065,000	6,356,000
earnings from equity method investments	4,109,000	2,361,000	6,161,000	5,378,000	302,000	6,124,000	6,636,000	4,864,000	5,006,000	4,978,000	4,355,000	5,236,000	6,032,000	11,304,000	7,401,000	4,772,000	-1,038,500	5,735,000	-156,000
gain on change in control of interests						31,849,000								33,931,000																															1,302,000			103,574,000					-50,000	20,794,000					27,859,000
other income and expenses - sum	-26,146,000	-56,445,000	-158,083,000	-53,936,000	-129,478,000	-82,457,000	-7,589,000	-18,998,000	28,506,000	-61,874,000	-66,182,000	128,515,000	47,794,000	-24,280,000	-23,669,000	14,258,000	-24,145,750	9,208,000	-18,958,000	-86,833,000	-21,281,250	15,229,000	-9,352,000	-91,002,000	15,445,000	-73,604,000	-56,801,000	-53,934,000	-14,545,250	-14,502,000		-25,512,000	-20,630,750	-29,433,000	-27,423,000	-25,667,000	-20,463,750	-22,445,000	-29,897,000		-24,187,750	-30,440,000		-40,532,000	-944,000	-39,004,000	-39,164,000	73,389,000	-5,576,000	-15,451,000	7,822,000				22,472,000	7,450,000	7,662,000	10,106,000	40,246,000	2,932,000	4,861,000	3,281,000	4,251,000	5,040,000	4,191,000	-245,000	1,480,000		-2,449,000	-2,546,000	1,625,000	3,151,000	3,243,000	5,088,000	-3,069,000	-1,972,000
income before income taxes	153,252,000	149,720,000	64,403,000	137,448,000	54,810,000	120,696,000	149,073,000	167,760,000	157,958,000	130,089,000	154,709,000	309,560,000	215,629,000	112,531,000	133,970,000	164,076,000	104,664,000	146,933,000	129,581,000	57,430,000	141,978,000	155,409,000	122,799,000	25,010,000	150,856,000	45,992,000	69,240,000	66,667,000
provision for income taxes	1,310,000	-8,495,000	-13,091,000	-11,632,000	-7,772,000	-9,044,000	-6,219,000	-8,674,000	-13,714,000	-5,090,000	-10,129,000	-15,119,000	-5,399,500	-8,263,000	-6,252,000	-7,083,000									-21,064,000	-4,157,000	-3,119,000		-743,750	-2,715,000	-6,262,000									-525,000	-5,088,000	-3,361,000		-1,980,000	-2,793,750	-901,000			-755,000	-5,375,000						-1,695,000	1,313,000	-5,931,000	-24,760,000	-7,574,000	-11,582,000	-3,377,000	-6,751,000	-4,112,000	-6,855,000	-6,018,000	-3,720,000		-3,116,000	-5,839,000	-7,422,000	-7,144,000	-2,698,000	-11,519,000	-31,144,000	-6,378,000	-29,191,000	-5,580,000	-3,998,000	-6,722,000
net income	154,562,000	141,225,000	51,312,000	125,816,000	47,038,000	111,652,000	142,854,000	159,086,000	144,244,000	124,999,000	144,580,000	294,441,000	209,503,000	104,268,000	127,718,000	156,993,000	99,612,000	138,586,000	120,283,000	51,641,000	134,615,000	149,434,000	115,204,000	66,702,000	129,792,000	41,835,000	66,121,000	68,796,000	195,278,000	81,573,000	79,424,000	68,066,000	74,473,000	83,654,000	67,131,000	59,825,000	48,470,000	112,302,000	53,171,000	60,864,000	56,144,000	23,578,000	66,923,000	38,582,000	34,766,000	28,316,000	66,972,000	114,732,000	48,860,000	21,650,000	45,816,000	15,839,000	17,654,000	2,226,000	31,230,000	11,669,000	9,204,000	25,258,000	78,729,000	23,616,000	20,557,000	16,371,000	23,721,000	14,302,000	23,733,000	14,184,000	14,877,000	17,774,000	21,900,000	19,198,000	19,848,000	17,101,000	6,013,000	20,409,000	42,030,000	10,800,000	43,629,000	14,305,000	17,304,000	11,065,000
yoy	228.59%	26.49%	-64.08%	-20.91%	-67.39%	-10.68%	-1.19%	-45.97%	-31.15%	19.88%	13.20%	87.55%	110.32%	-24.76%	6.18%	204.01%	-26.00%	-7.26%	4.41%	-22.58%	3.72%	257.20%	74.23%	-3.04%	-33.53%	-48.71%	-16.75%	1.07%	162.21%	-2.49%	18.31%	13.78%	53.65%	-25.51%	26.25%	-1.71%	-13.67%	376.30%	-20.55%	57.75%	61.49%	-16.73%	-0.07%	-66.37%	-28.85%	30.79%	46.18%	624.36%	176.76%	872.60%	46.71%	35.74%	91.81%	-91.19%	-60.33%	-50.59%	-55.23%	54.29%	231.90%	65.12%	-13.38%	15.42%	59.45%	-19.53%	8.37%	-26.12%	-25.05%	3.94%	264.21%	-5.93%	-52.78%	58.34%	-86.22%	42.67%	142.89%	-2.39%
qoq	9.44%	175.23%	-59.22%	167.48%	-57.87%	-21.84%	-10.20%	10.29%	15.40%	-13.54%	-50.90%	40.54%	100.93%	-18.36%	-18.65%	57.60%	-28.12%	15.22%	132.92%	-61.64%	-9.92%	29.71%	72.71%	-48.61%	210.25%	-36.73%	-3.89%	-64.77%	139.39%	2.71%	16.69%	-8.60%	-10.97%	24.61%	12.21%	23.43%	-56.84%	111.21%	-12.64%	8.41%	138.12%	-64.77%	73.46%	10.98%	22.78%	-57.72%	-41.63%	134.82%	125.68%	-52.75%	189.26%	-10.28%	693.08%	-92.87%	167.63%	26.78%	-63.56%	-67.92%	233.37%	14.88%	25.57%	-30.99%	65.86%	-39.74%	67.32%	-4.66%	-16.30%	-18.84%	14.07%	-3.27%	16.06%	184.40%	-70.54%	-51.44%	289.17%	-75.25%	204.99%	-17.33%	56.38%
net loss attributable to noncontrolling interests	-6,243,000	-229,000	-92,000	8,000	-15,000	46,000	41,000	137,000	50,000	41,000	40,000	-61,000	35,000	660,000		2,000																																	-1,828,000	-2,912,000	-2,692,000
net income attributable to w. p. carey	148,319,000	140,996,000	51,220,000	125,824,000	47,023,000	111,698,000	142,895,000	159,223,000	144,294,000	125,040,000	144,620,000	294,380,000	209,538,000	104,928,000	127,678,000	156,995,000	99,562,000	138,547,000	120,245,000	51,634,000	134,572,000	149,397,000	105,300,000	66,090,000	129,372,000	41,339,000	66,038,000	68,494,000	193,263,000	77,348,000	75,681,000	65,274,000	75,209,000	80,278,000	64,318,000	57,484,000	47,704,000	110,943,000	51,661,000	57,439,000	51,049,000	21,745,000	63,348,000	36,116,000	33,574,000	27,337,000	64,739,000	112,892,000	23,022,000	18,506,000	43,167,000	14,181,000
basic earnings per share	0.67	0.64	0.23	0.57	0.21	0.51	0.65	0.72	0.65	0.58	0.67	1.39	1.02	0.52	0.66	0.82	0.53	0.75	0.67	0.29	0.77	0.85	0.61	0.38	0.75	0.24	0.39	0.41	1.48	0.71	0.7	0.6	0.69	0.74	0.6	0.53	0.515	1.03	0.48	0.54
diluted earnings per share	0.67	0.64	0.23	0.57	0.21	0.51	0.65	0.72	0.65	0.58	0.67	1.39	1.01	0.51	0.66	0.82	0.53	0.74	0.67	0.29	0.76	0.85	0.61	0.38	0.75	0.24	0.38	0.41	1.48	0.71	0.7	0.6	0.69	0.74	0.59	0.53	0.513	1.03	0.48	0.54
weighted-average shares outstanding
basic	220,501,239	220,562,909	220,569,259	220,401,156	220,168,325	220,221,366	220,195,910	220,031,597	215,369,777	215,097,114	215,075,114	211,951,930	199,633,802	203,093,553	194,019,451	191,911,414	182,486,476	185,422,639	180,099,370	176,640,861	174,504,406	174,974,185	173,401,749	173,249,236	171,001,430	172,235,066	171,304,112	167,234,121	117,494,969	108,073,969	108,059,394	108,057,940	107,824,738	108,019,292	107,668,218	107,562,484	106,743,012	107,221,668	106,310,362	105,939,161	105,675,692	105,813,237	105,764,032	105,303,679	98,764,164	100,282,082	100,236,362	89,366,055	68,691,046	68,397,176	68,406,771	68,967,209	47,389,460	40,366,298	40,047,220	40,037,496	39,819,475	39,861,064	39,782,796	39,738,207	39,514,746	39,180,719	39,081,064	39,088,114	39,019,709	39,727,460	39,350,684	39,175,020	39,202,520	39,294,889	39,204,221	38,876,136	38,113,857	38,298,979	38,308,202	37,930,777	37,668,920	38,034,590	37,876,079	37,727,782
diluted	221,112,343	221,087,833	220,874,935	220,720,310	220,520,457	220,404,149	220,214,118	220,129,870	215,760,496	215,252,969	215,184,485	212,345,047	200,427,124	204,098,116	194,763,695	192,416,642	183,127,098	186,012,478	180,668,732	176,965,510	174,839,428	175,261,812	173,472,755	173,460,053	171,299,414	172,486,506	171,490,625	167,434,740	117,706,445	108,283,666	108,234,934	108,211,936	108,035,971	108,143,694	107,783,204	107,764,279	107,073,203	107,468,029	106,530,036	106,405,453	106,507,652	106,337,040	106,281,983	106,109,877	99,827,356	101,130,448	100,995,225	90,375,311	69,708,008	69,400,825	69,493,902	69,975,293	48,078,474	41,127,404	40,757,055	40,487,652	40,098,095	40,404,520	40,243,548	40,242,706	40,007,894	39,717,931	39,510,231	39,495,845	39,712,735	40,368,946	40,065,495	39,927,886	40,221,112	40,299,073	40,256,658	40,202,798	39,868,208	39,601,853	40,004,379	39,851,353	39,093,897	39,303,948	39,346,537	38,627,267
reimbursable costs from affiliates									46,000	97,000	124,000	101,000	104,000	344,000	1,143,000	927,000	985,000	1,041,000	968,000	1,041,000	1,138,000	1,276,000	2,411,000	4,030,000	4,072,000	4,786,000	3,821,000	3,868,000	5,042,000	6,042,000	5,537,000	5,304,000	6,055,000	6,211,000	13,479,000	25,700,000	20,061,000	14,540,000
impairment charges — investment management goodwill														29,334,000
income from direct financing leases and loans receivable													17,472,000	20,637,000	17,778,000	18,379,000
lease termination income and other													6,226,250	8,192,000	2,591,000	14,122,000	42,596,000	2,597,000	6,235,000	2,227,000	2,103,000	1,565,000	1,917,000	6,509,000	12,317,000	14,377,000	6,304,000	3,270,000	2,952,000	1,981,000	680,000	942,000	515,000	1,227,000	2,247,000	760,000	1,093,000	1,224,000	838,000	32,541,000	15,826,000	2,988,000	3,122,000	3,209,000	-315,000	360,000	14,481,000
asset management and other revenue													383,000	1,197,000	3,467,000	3,420,000	3,571,000	3,872,000	3,966,000	3,954,000
impairment charges															6,206,000	20,179,000	7,945,000	16,301,000			16,410,000			19,420,000	6,758,000	25,781,000						4,790,000					9,433,000	14,441,000	35,429,000		7,195,000	19,438,000	591,000	2,683,000	16,776,000	4,225,000	2,066,000		3,878,000	1,416,000	-1,671,000	3,279,000			-1,003,000	-3,299,000	-10,391,000		-41,000		-6,763,000	-481,000		-7,152,000	-5,435,000	-2,390,000	-1,700,000
net income attributable to noncontrolling interests															-40,000		-50,000	-39,000	-38,000	-7,000	-43,000	-37,000	-9,904,000	-612,000	-420,000	-496,000	-83,000	-302,000	-2,015,000	-4,225,000	-3,743,000	-2,792,000	736,000	-3,376,000	-2,813,000	-2,341,000	-766,000	-1,359,000	-1,510,000	-3,425,000	-5,095,000	-1,833,000	-3,575,000	-2,466,000	-1,471,000	-993,000	-2,344,000	-1,578,000
subadvisor fees																							192,000	1,277,000	1,964,000	1,763,000	1,650,000	2,202,000	2,226,000	3,127,000	1,855,000	2,032,000	2,002,000	5,206,000	3,672,000	2,720,000	4,131,000	4,842,000	1,875,000	3,293,000	2,748,000	1,748,000	4,147,000	2,661,000	2,651,000	381,000	2,451,000
benefit from income taxes																	-5,858,500	-8,347,000	-9,298,000	-5,789,000	-7,363,000	-5,975,000	-7,595,000	41,692,000				2,129,000				6,002,000	192,000	-1,760,000	-2,448,000	1,305,000	-7,826,000	-3,154,000	8,217,000				-15,010,000				-8,053,000	-2,221,000			1,122,000				1,882,000													-6,200,000
equity in losses of equity method investments in the managed programs and real estate																				-9,733,000
structuring and other advisory revenue																								494,000	1,061,000	587,000	58,000	2,518,000
equity in earnings of equity method investments in the managed programs and real estate																					-2,521,750	1,720,000	33,983,000	-45,790,000	8,018,000	5,769,000	3,951,000	5,491,000	15,268,000	18,363,000	12,558,000	15,325,000	16,930,000	16,318,000	15,728,000	15,774,000	16,476,000	16,803,000	16,429,000	15,011,000	12,390,000	12,635,000	14,272,000	11,723,000
loss on change in control of interests																									-2,104,000	-8,416,000
structuring revenue																													8,108,000	6,553,000	4,426,000	1,739,000	6,217,000	9,817,000	14,330,000	3,834,000	16,338,000	12,301,000	5,968,000	12,721,000	24,382,000	8,207,000	37,808,000	21,720,000	30,764,000	5,487,000	17,254,000	17,750,000					4,894,000	8,316,000	3,622,000	7,638,000	3,930,000	21,221,000	5,735,000	15,945,000	23,881,000	708,000	13,102,000	6,834,000	7,023,000	5,476,000	365,000	10,409,000	2,833,000	10,818,000	3,169,000	3,416,000	10,366,000	9,778,000	53,448,000	4,583,000	6,718,000	3,434,000	2,462,000	9,892,000
other advisory revenue																														110,000		190,000		99,000	706,000	91,000	1,913,000	522,000
dealer manager fees																																		105,000	1,000,000	3,325,000	2,623,000	1,835,000	1,372,000	2,172,000	2,090,000	1,124,000	307,000	1,274,000	6,470,000	2,436,000	7,949,000	6,676,000			2,320,000	1,223,000
reimbursable tenant and affiliate costs																													15,187,000	12,021,000	11,270,000	11,523,000	11,639,000	11,608,000	18,801,000	30,921,000	26,262,000	21,077,000	18,485,000	26,047,000	32,859,000	16,495,000	13,769,000	15,546,000	40,661,000	20,993,000	47,674,000	45,762,000
restructuring and other compensation																																	289,000	1,356,000	7,718,000				452,000	11,473,000
dealer manager fees and expenses																																		462,000	2,788,000	3,294,000	3,808,000	3,028,000	2,620,000	3,352,000	3,519,000	3,185,000	2,327,000	2,372,000	6,203,000	3,847,000	6,285,000
income before income taxes and gain on sale of real estate																													53,262,750	83,945,000	73,774,000	55,332,000	63,135,000	66,157,000	66,114,000	58,510,000	38,432,250	66,330,000	26,672,000	60,727,000
income before gain on sale of real estate																													52,519,000	81,230,000	67,512,000	61,334,000	63,327,000	64,397,000	63,666,000	59,815,000	39,566,750	63,176,000	34,889,000	60,202,000
gain on sale of real estate, net of tax																													4,746,750	343,000	11,912,000	6,732,000	11,146,000	19,257,000	3,465,000	10,000	3,248,000	49,126,000	18,282,000	662,000	3,507,000	1,779,000	16,000	1,185,000	5,063,000	260,000
dividends declared per share																													0.765	1.025
owned real estate:
distributions declared per share																															1.02	1.015	0.75	1.005	1	0.995	0.735	0.985	0.98	0.974	0.715	0.955	0.954	0.953	0.684	0.94	0.9	0.895	0.63	0.86	0.84	0.82			0.567	0.565	0.406	0.56	0.55	0.512	0.38	0.508	0.506	0.504	0.374	0.5	0.498	0.496	0.365	0.492	0.487	0.482	0.479	0.472	0.467	0.462	0.458	0.456	0.454	0.452
owned real estate: - sum																																177,592,000	129,843,250	176,584,000	174,047,000	168,742,000	145,973,500	180,071,000	182,827,000
other expenses																																-37,000	284,500	65,000
other income and																																	1,356,000	-4,569,000	-916,000	516,000	-3,731,000	5,101,000	426,000	3,871,000	-7,831,000	6,608,000	7,641,000	-4,306,000	-1,574,000	-4,080,000	-883,000	-5,372,000	2,544,000	2,484,000	1,877,000	1,091,000	1,376,000	502,000	1,218,000	306,000	-393,000	-296,000	4,758,000	481,000	845,000	1,184,000	42,000	-664,000	3,785,000	251,000
property acquisition and other expenses																																			1,000,000	73,000	1,339,750		-207,000	5,566,000
reimbursable costs																																							12,094,000	19,738,000	27,436,000	11,155,000	7,639,000	9,607,000	33,833,000	14,722,000	41,925,000	39,732,000	22,878,000	23,259,000	15,467,000	11,968,000			-20,484,000	-18,737,000	-15,344,000	-14,707,000	-17,059,000	-17,719,000	-13,713,000	-15,908,000	-15,354,000	-15,048,000	-14,968,000	-13,503,000	-11,115,000	-9,874,000	-8,430,000	-11,303,000	-11,080,000	-10,366,000	-3,641,000	-3,422,000	-3,244,000	-3,475,000	-26,976,000	-13,762,000	-19,894,000
real estate revenues:
real estate revenues: - sum																																									134,463,250	181,176,000		176,425,000	119,004,500	164,212,000	176,734,000	135,236,000
revenues from the managed programs:
incentive revenue																																									50,750
revenues from the managed programs: - sum																																									33,819,750	33,490,000		43,963,000
merger, property acquisition, and other expenses																																									3,083,250	4,760,000
income from continuing operations before income taxes and gain on sale of real estate																																									69,906,000	25,160,000	81,917,000	39,377,000	35,882,000	28,722,000
income from continuing operations before gain on sale of real estate																																									52,637,000	21,799,000	66,907,000	37,397,000	29,448,000	27,821,000
income from discontinued operations, net of tax																																													255,000	235,000	26,460,000	6,135,000							-529	-2,489	-4,120	1,116	-157	930	151	4	-723	703	10,400	70	-177	-57
net loss attributable to redeemable noncontrolling interest																																													-34,250	14,000	111,000	-262,000	-34,750	-232,000
income from continuing operations attributable to w. p. carey																																									0.48	0.2	0.6	0.34	0.3	0.27	0.38	1.19	0.11	0.26	0.59	0.21
income from discontinued operations attributable to w. p. carey																																															0.26	0.07
amounts attributable to w. p. carey
income from continuing operations, net of tax																																									51,049	21,745	63,348	36,116	33,313	27,107	38,236	106,609	7,717	18,021	40,419	15,190	23,585	3,339	32,306	14,779	13,211	24,086	79,269	22,413	19,630	16,342	24,155	13,710	12,586	13,281	15,154	17,766
incentive, termination and subordinated disposition revenue																																												203,000															52,515,000
merger and property acquisition expenses																																											1,897,000	5,676,000	3,096,000	618,000
net income (income) attributable to redeemable noncontrolling interest
net income attributable to redeemable noncontrolling interest
revenues from the managed reits:
revenues from the managed reits: - sum																																													45,460,750	31,733,000	76,173,000
net income from equity investments in real estate and the managed reits																																													8,831,000	11,610,000	9,452,000	14,262,000	354,000	9,180,000	32,541,000	10,656,000
merger and acquisition expenses																																															1,137,000	29,613,000	2,351,000	3,630,000
income from continuing operations before income taxes																																															52,386,000	110,818,000	8,000,000	26,437,000	41,921,000	15,615,000	32,352,000	3,356,000	29,877,000	15,853,000	12,011,000	30,073,000	103,646,000	30,260,000	31,988,000	19,744,000	31,195,000	17,711,000	20,188,000	20,132,000	18,774,000	24,031,000	24,706,000	25,037,000	23,445,000	24,206,000	-1,095,000	33,947,000	70,422,000	17,326,000	69,241,000	19,995,000	22,041,000	21,674,000
income from continuing operations before loss on sale of real estate																																															44,333,000
loss on sale of real estate, net of tax																																															-3,821,000
other																																																1,000,000
revenues from affiliates:
revenues from affiliates: - sum																																																73,935,000
stock-based compensation expenses																																																7,045,000
income from continuing operations																																																108,597,000	9,768,000	21,062,000	43,043,000	16,848,000	25,761,000	2,977,000	31,759,000	14,158,000	13,324,000	24,142,000	78,886,000	22,686,000	20,406,000	16,367,000	24,444,000	13,599,000	13,333,000	14,114,000	15,054,000	17,831,000	21,590,000	19,198,000	16,023,000	17,062,000	-3,793,000	22,428,000	39,278,000	10,948,000	40,050,000	14,415,000	18,043,000	14,952,000
lease revenues:
rental income																																																	62,552,000	68,391,000	66,498,000	65,785,000																									11,248,250	15,196,000	14,975,000	14,822,000
interest income from direct financing leases																																																	9,136,000	9,235,000	9,412,000	9,512,000																									2,545,500	3,334,000	3,427,000	3,421,000
total lease revenues																																																	71,688,000	77,626,000	75,910,000	75,297,000
asset management revenue from affiliates																																																	11,340,000	10,961,000	10,355,000	10,015,000
structuring revenue from affiliates																																																	19,050,000	14,775,000	6,422,000	6,342,000
dealer manager fees from affiliates																																																	3,527,000	3,787,000
reimbursed costs from affiliates																																																	22,878,000	23,259,000	15,467,000	11,968,000	39,145,000	19,879,000	20,484,000	18,737,000	15,344,000	14,707,000	17,059,000	17,719,000	13,713,000	15,908,000	15,354,000	15,048,000	14,968,000	13,503,000	11,115,000	9,874,000	8,430,000	11,303,000	11,080,000	10,366,000	3,641,000	3,422,000	3,244,000	3,475,000	26,976,000	13,762,000	19,894,000
other real estate income																																																	-6,206,000	7,506,000	8,582,000	8,541,000	7,223,000	6,265,000	6,992,000	5,992,000	6,130,000	6,409,000	5,709,000	5,308,000	5,342,000	4,656,000	4,797,000	3,821,000	3,552,000	3,768,000	4,649,000	3,260,000	10,422,000	3,834,000	3,305,000	3,122,000	2,144,000	4,159,000	3,241,000	3,174,000
property expenses																																																	4,533,000	5,746,000	5,531,000	5,152,000			-3,404,000	-2,698,000	-3,414,000	-3,672,000	-3,066,000	-3,155,000	-3,040,000	-3,220,000	-2,379,000	-2,435,000	-1,893,000	-2,236,000	-2,180,000	-1,936,000	-2,065,000	-1,815,000	-1,362,000	-2,378,000	-207,000	-2,725,000	-1,893,000	-1,420,000	-1,394,000	-2,449,000	-1,442,000	-1,837,000
other real estate expenses																																																	-4,508,000	1,654,000	2,782,000	2,734,000			-2,431,000	-2,499,000	-2,560,000	-2,725,000	-2,942,000	-2,557,000	-2,546,000	-1,987,000	-1,773,000	-1,815,000	-1,712,000	-1,758,000	-1,707,000	-2,131,000	-1,992,000	-1,989,000	-2,146,000	-2,069,000	-1,610,000	-2,255,000	-1,301,000	-2,524,000
other interest income																																																	39,000	367,000	316,000	370,000	486,000	252,000	155,000	503,000	443,000	323,000	560,000	675,000	330,000	329,000	336,000	273,000	436,000	470,000	401,000	407,000	691,000	752,000	679,000	761,000	1,314,000	1,287,000	3,643,000	598,000	1,064,000	836,000	806,000	727,000
discontinued operations
income (loss) from operations of discontinued properties																																																	833,000	349,000	3,118,000
gain (loss) on sale of real estate																																																	155,500	239,000	1,313,000
gain on extinguishment of debt																																																	21,000		13,000	70,000
income (loss) from discontinued operations, net of tax																																																	-228,000	588,000	2,773,000
income (loss) from discontinued operations attributable to w. p. carey																																																	-0.003	0.01	0.04
add: net loss attributable to redeemable noncontrolling interest																																																			43,000	50,000
benefit from (provision for) income taxes																																																				1,233,000
(loss) income from operations of discontinued properties
loss on sale of real estate																																																																				-135,000
loss from discontinued operations, net of tax
loss from discontinued operations attributable to w. p. carey
wholesaling revenue																																																					8,036,000	4,012,000	4,080,000	3,787,000	2,876,000	2,586,000	2,922,000	3,280,000	4,503,000	2,260,000	2,230,000	2,103,000	2,124,000	1,869,000	1,597,000	1,093,000	984,000	1,517,000	1,488,000	1,140,000
revenues - sum																																																					51,999,000	71,036,000	68,042,000	69,409,000	63,169,000	78,372,000	118,398,000	77,532,000	81,969,000	58,954,000	70,396,000	63,091,000	59,650,000	61,170,000	55,426,000		61,362,000	66,636,000	58,503,000	57,372,000	51,607,000	55,852,000	110,135,000	45,898,000
income from equity investments in real estate and the reits																																																					13,202,000	10,477,000	28,345,000	13,986,000	13,872,000	16,068,000	12,465,000	6,216,000
income from operations of discontinued properties																																																							-231,000	117,000	-465,000	504,000	-36,000	149,000	151,000	4,000	206,000	299,000	3,361,000	70,000	-75,000	78,000	310,000		3,825,000	39,000	676,000	298,000	1,790,000		-58,000	75,000	-739,000	-530,000
add: net loss attributable to noncontrolling interests																																																					345,750	325,000	480,000	578,000	569,000	581,000	384,000	330,000	-181,000	81,000	128,000	286,000	154,000	186,000	203,000
less: net loss attributable to redeemable noncontrolling interest																																																					36,500	37,000	67,000	43,000
net income attributable to w. p. carey common stockholders																																																					11,663,500	2,588,000
income from continuing operations attributable to w. p. carey common stockholders																																																					0.338	0.08
loss from discontinued operations attributable to w. p. carey common stockholders
amounts attributable to w. p. carey common stockholders
distributions declared per common share																																																					0.446	0.65
income from discontinued operations																																																							-529,000	-2,489,000	-4,120,000	1,116,000	-157,000	930,000	151,000	4,000	-723,000	703,000	10,400,000	70,000	-177,000	-57,000	310,000		3,825,000	39,000	9,806,000	-2,019,000	2,752,000		3,579,000	-110,000	-739,000
net income attributable to w. p. carey members																																																							31,777,000	12,290,000	9,091,000	25,202,000	79,112,000	23,343,000	19,781,000	16,346,000	23,432,000	14,413,000	22,986,000	13,351,000	14,977,000	17,709,000
income from continuing operations attributable to w. p. carey members																																																							0.79	0.36	0.33	0.59	1.96	0.56	0.48	0.41	0.62	0.35	0.32	0.33	0.37	0.45
income from discontinued operations attributable to w. p. carey members																																																							-0.01	-0.06	-0.11	0.03		0.02			-0.03	0.01	0.27
amounts attributable to w. p. carey members
impairment charge																																																								-2,425,000	-1,233,500	-4,934,000									-580,000		-134,500	-538,000
gain on deconsolidation of a subsidiary																																																										1,008,000
less: net income attributable to redeemable noncontrolling interest																																																									-682,000	-637,000	-1,000
less: net income attributable to redeemable noncontrolling interests																																																												-603,000	-595,000	-106,000	-417,000	-175,000	-901,000	-1,019,000	-103,000	-235,000
income from equity investments in real estate and cpa® reits																																																													8,146,000	6,066,000	7,638,000	9,142,000	3,559,000	2,923,000	4,875,000	1,387,000	3,281,000	2,272,000	3,934,000	4,711,000	5,045,000	8,945,000
gain on sale of investments in direct financing lease
add: net income attributable to noncontrolling interests																																																																				170,000
minority interest in income																																																																					-62,000	-103,000	-304,000	-89,000				-331,000				-862,000
gain on sale of investment in direct financing lease																																																																						1,103,000
gain on sale of securities, foreign currency transactions and other																																																																					-1,649,000	-1,566,000	1,848,000	2,811,000	1,730,000	1,029,000
minority interest in loss																																																																									-1,006,750	-555,000	-3,141,000		-142,000	40,000	254,000
impairment charges on assets held for sale																																																																									-579,250	-2,317,000						-3,357,000
income from equity investments in real estate																																																																											1,929,000	2,438,000	1,882,000	2,932,000
gain on sale of securities, foreign currency transactions and other gains																																																																											169,000	186,000	7,220,000	245,000	5,228,000
loss from operations of discontinued properties																																																																												-148,000
loss from discontinued operations																																																																												-148,000				-3,887,000
revenues:
other operating income																																																																													484,250	985,000	432,000	528,000
revenues of other business operations																																																																													1,277,250	1,529,000	1,717,000	1,863,000
revenues: - sum																																																																													115,117,000	52,604,000	57,659,000	47,886,000
operating expenses:
depreciation																																																																													-2,746,000	-3,707,000	-3,658,000	-3,645,000
amortization																																																																													-1,682,500	-2,168,000	-2,278,000	-2,284,000
operating expenses of other business operations																																																																													-1,103,500	-1,381,000	-1,466,000	-1,567,000
operating expenses: - sum																																																																													-50,983,000	-32,267,000	-38,609,000	-23,489,000
other income and expenses:
other income and expenses: - sum																																																																													5,107,000	-342,000	2,991,000	-2,723,000
discontinued operations:
basic earnings per share:
diluted earnings per share:
weighted-average shares outstanding:
basic	220,501,239	220,562,909	220,569,259	220,401,156	220,168,325	220,221,366	220,195,910	220,031,597	215,369,777	215,097,114	215,075,114	211,951,930	199,633,802	203,093,553	194,019,451	191,911,414	182,486,476	185,422,639	180,099,370	176,640,861	174,504,406	174,974,185	173,401,749	173,249,236	171,001,430	172,235,066	171,304,112	167,234,121	117,494,969	108,073,969	108,059,394	108,057,940	107,824,738	108,019,292	107,668,218	107,562,484	106,743,012	107,221,668	106,310,362	105,939,161	105,675,692	105,813,237	105,764,032	105,303,679	98,764,164	100,282,082	100,236,362	89,366,055	68,691,046	68,397,176	68,406,771	68,967,209	47,389,460	40,366,298	40,047,220	40,037,496	39,819,475	39,861,064	39,782,796	39,738,207	39,514,746	39,180,719	39,081,064	39,088,114	39,019,709	39,727,460	39,350,684	39,175,020	39,202,520	39,294,889	39,204,221	38,876,136	38,113,857	38,298,979	38,308,202	37,930,777	37,668,920	38,034,590	37,876,079	37,727,782
diluted	221,112,343	221,087,833	220,874,935	220,720,310	220,520,457	220,404,149	220,214,118	220,129,870	215,760,496	215,252,969	215,184,485	212,345,047	200,427,124	204,098,116	194,763,695	192,416,642	183,127,098	186,012,478	180,668,732	176,965,510	174,839,428	175,261,812	173,472,755	173,460,053	171,299,414	172,486,506	171,490,625	167,434,740	117,706,445	108,283,666	108,234,934	108,211,936	108,035,971	108,143,694	107,783,204	107,764,279	107,073,203	107,468,029	106,530,036	106,405,453	106,507,652	106,337,040	106,281,983	106,109,877	99,827,356	101,130,448	100,995,225	90,375,311	69,708,008	69,400,825	69,493,902	69,975,293	48,078,474	41,127,404	40,757,055	40,487,652	40,098,095	40,404,520	40,243,548	40,242,706	40,007,894	39,717,931	39,510,231	39,495,845	39,712,735	40,368,946	40,065,495	39,927,886	40,221,112	40,299,073	40,256,658	40,202,798	39,868,208	39,601,853	40,004,379	39,851,353	39,093,897	39,303,948	39,346,537	38,627,267
income from equity investments																																																																															1,244,000	1,550,000
gain on foreign currency transactions and other gains																																																																																250,000

Balance Sheets:

Quarterly

Annual

Unit: USD	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2014-12-31	2014-09-30	2014-06-30	2014-03-31	2013-12-31	2013-09-30	2013-06-30	2013-03-31	2012-12-31	2012-09-30	2012-06-30	2012-03-31	2011-12-31	2011-09-30	2011-06-30	2011-03-31	2010-12-31	2010-09-30	2010-06-30	2010-03-31	2009-12-31	2009-09-30	2009-06-30	2009-03-31	2008-12-31	2008-09-30	2008-06-30	2008-03-31	2007-12-31	2007-09-30	2007-06-30	2007-03-31	2006-12-31	2006-09-30	2005-12-31

assets
investments in real estate:																																																														559,441,000
land, buildings and improvements — net lease and other	14,451,306,000	14,056,399,000	13,627,841,000	13,114,194,000	12,842,869,000	12,745,926,000	12,341,979,000	12,260,873,000	12,095,458,000	13,390,692,000	13,563,837,000	12,934,679,000	13,338,857,000	12,862,423,000
land, buildings and improvements — operating properties	286,079,000	626,368,000	1,005,605,000	1,202,920,000	1,198,676,000	1,204,351,000	1,238,340,000	1,256,171,000	1,256,249,000	1,222,062,000	1,334,501,000	1,323,047,000	1,095,892,000	1,084,524,000
net investments in finance leases and loans receivable	1,171,886,000	1,149,856,000	1,063,719,000	866,949,000	798,259,000	657,054,000	667,667,000	660,585,000	1,514,923,000	1,172,671,000	1,222,439,000	1,222,345,000
in-place lease intangible assets and other	2,466,199,000	2,405,227,000	2,407,752,000	2,338,805,000	2,297,572,000	2,287,824,000	2,256,793,000	2,278,593,000	2,308,853,000	2,696,403,000	2,748,013,000	2,612,139,000	2,659,750,000	2,578,236,000	2,384,032,000	2,397,121,000	2,386,000,000	2,384,575,000	2,405,433,000	2,295,863,000	2,301,174,000	2,243,117,000	2,197,714,000	2,182,896,000	2,186,851,000	2,111,601,000	2,134,786,000	2,101,473,000
above-market rent intangible assets	668,707,000	671,501,000	679,068,000	671,887,000	665,495,000	682,345,000	676,666,000	693,294,000	706,773,000	771,071,000	806,619,000	807,790,000	833,751,000	840,943,000	822,470,000	837,792,000	843,410,000	859,386,000	868,970,000	868,242,000	881,159,000	900,503,000	896,051,000	897,965,000	909,139,000	911,940,000	921,998,000	922,427,000	925,797,000	626,390,000	631,977,000	639,057,000	639,140,000	639,654,000	407,480,000	421,456,000	406,245,000	422,748,000	460,422,000	475,072,000	492,754,000	498,746,000	510,686,000	522,797,000	545,462,000	570,498,000	595,430,000	241,975,000	261,900,000	269,355,000
investments in real estate	19,044,177,000	18,909,351,000	18,783,985,000	18,194,755,000	17,802,871,000	17,577,500,000	17,181,445,000	17,149,516,000	17,882,256,000	19,252,899,000	19,675,409,000	18,900,000,000	18,700,011,000	18,147,471,000	16,019,635,000	16,054,483,000	15,918,394,000	15,522,002,000	15,552,967,000	14,793,552,000	14,833,926,000	14,419,695,000	14,133,970,000	13,945,403,000	13,848,730,000	13,639,143,000	13,800,409,000	13,699,448,000	13,493,036,000	8,322,820,000	8,217,712,000	8,156,952,000	8,000,929,000	7,939,288,000
accumulated depreciation and amortization	-3,578,330,000	-3,508,787,000	-3,503,850,000	-3,367,408,000	-3,222,396,000	-3,195,204,000	-3,096,516,000	-3,067,292,000	-3,005,479,000	-3,438,183,000	-3,378,385,000	-3,225,576,000	-3,269,057,000	-3,065,161,000	-3,043,146,000	-2,986,676,000	-2,889,294,000	-2,793,347,000	-2,699,085,000	-2,572,091,000	-2,490,087,000	-2,382,971,000	-2,257,551,000	-2,144,252,000	-2,035,995,000	-1,914,233,000	-1,812,628,000	-1,681,942,000	-1,564,182,000	-1,485,056,000	-1,445,397,000	-1,399,810,000	-1,249,024,000	-1,174,374,000
assets held for sale	3,327,000	8,062,000	60,011,000	12,139,000		29,785,000	7,743,000		37,122,000	102,015,000	43,002,000	43,038,000	57,944,000	38,578,000			8,269,000	11,672,000	5,682,000	14,983,000	18,590,000	10,626,000			104,010,000	104,013,000	102,777,000			108,730,000		33,182,000	10,596,000	32,470,000	14,764,000	26,247,000	128,462,000	276,336,000	3,747,000	59,046,000	4,863,000			7,255,000			95,209,000	86,823,000	17,975,000	21,256,000	1,505,000	1,445,000			13,422,000							5,390,000				3,092,000							4,366,000		4,845,000	1,269,000	5,517,000	18,815,000
net investments in real estate	15,469,174,000	15,408,626,000	15,340,146,000	14,839,486,000	14,580,475,000	14,412,081,000	14,092,672,000	14,082,224,000	14,913,899,000	15,916,731,000	16,340,026,000	15,717,462,000	15,488,898,000	15,120,888,000	12,976,489,000	13,067,807,000	13,037,369,000	12,740,327,000	12,859,564,000	12,236,444,000	12,362,429,000	12,047,350,000	11,876,419,000	11,801,151,000	11,916,745,000	11,828,923,000	12,090,558,000	12,017,506,000	11,928,854,000	6,946,494,000	6,772,315,000	6,757,142,000	6,751,905,000	6,764,914,000	5,472,783,000	5,511,706,000	5,717,245,000	5,910,415,000	5,774,018,000	5,826,544,000	5,813,866,000	5,840,987,000	5,724,021,000	5,656,555,000	5,469,846,000	5,456,613,000	5,559,561,000	3,333,654,000	3,365,014,000	3,325,933,000	3,252,070,000	3,241,199,000	3,293,462,000	1,189,233,000	1,210,821,000	1,217,931,000	1,222,865,000	1,231,725,000	951,002,000	946,975,000	954,400,000	928,610,000	910,330,000	884,460,000	922,645,000
equity method investments	310,178,000	311,173,000	311,411,000	304,838,000	301,115,000	299,465,000	356,220,000	355,668,000	354,261,000	351,537,000	340,285,000	341,153,000	327,502,000	297,665,000	344,360,000	339,372,000	356,637,000	361,835,000	351,865,000
cash and cash equivalents	155,329,000	249,029,000	244,831,000	187,809,000	640,373,000	818,194,000	1,085,967,000	776,966,000	633,860,000	136,438,000	204,103,000	147,939,000	167,996,000	186,417,000	103,590,000	205,403,000	165,427,000	129,686,000	164,515,000	229,153,000	248,662,000	152,215,000	137,157,000	220,929,000	196,028,000	331,687,000	202,279,000	243,325,000	217,644,000	176,612,000	122,430,000	171,331,000	169,770,000	171,587,000	152,834,000	155,482,000	209,483,000	173,305,000	267,064,000	157,227,000	191,318,000	233,629,000	207,391,000	198,683,000	530,276,000	214,971,000	198,947,000	117,519,000	93,620,000	62,765,000			236,744,000	39,800,000	30,713,000	29,297,000	37,095,000	26,461,000	34,078,000	64,693,000	46,250,000	39,449,000	33,096,000	18,450,000	19,008,000	23,469,000	21,585,000	16,799,000	20,485,000	14,419,000	17,625,000	12,137,000	17,068,000	19,050,000	13,300,000	22,108,000	17,999,000	13,014,000
other assets	1,068,480,000	1,029,245,000	1,115,337,000	1,000,675,000	1,045,218,000	1,122,571,000	1,261,222,000	1,422,597,000	1,096,474,000	1,191,350,000	1,154,945,000	1,588,034,000	1,079,308,000	1,146,099,000	1,119,389,000	1,043,760,000	1,017,842,000	997,318,000	931,924,000	903,927,000	876,024,000	793,079,000	747,878,000	623,181,000	631,637,000	590,124,000	580,270,000	584,855,000	711,507,000	305,295,000	288,173,000	280,054,000	287,481,000	280,110,000	304,507,000	304,774,000	331,658,000	348,233,000	322,114,000	373,482,000	353,369,000	318,397,000	352,063,000	289,179,000	291,991,000	346,853,000	255,489,000	136,433,000	132,558,000	142,439,000	136,420,000	141,442,000	130,506,000	54,272,000	59,925,000	51,069,000	41,021,000	39,384,000	37,260,000	34,097,000	39,869,000	37,754,000	32,562,000	69,241,000	33,963,000	35,056,000	31,274,000	29,212,000	30,654,000	30,556,000	27,287,000	34,211,000	32,899,000	29,421,000	25,843,000	24,562,000	34,637,000	35,308,000
goodwill	987,071,000	986,967,000	986,472,000	974,497,000	967,843,000	979,265,000	973,204,000	974,052,000	978,289,000	1,034,183,000	1,036,966,000	1,037,819,000	1,037,412,000	1,023,171,000	891,464,000	899,596,000	901,529,000	903,976,000	907,295,000	905,701,000	910,818,000	904,075,000	898,842,000	929,887,000	934,688,000	930,864,000	920,218,000	918,673,000	920,944,000	641,734,000	642,060,000	645,736,000	643,321,000	640,761,000	636,871,000	635,920,000	640,305,000	640,588,000	680,043,000	681,809,000	684,576,000	687,084,000	682,623,000	692,415,000	702,791,000	698,891,000	700,024,000	350,208,000	327,973,000	328,011,000	328,474,000	329,132,000	338,558,000																					63,607,000	63,607,000	63,607,000	63,607,000	63,607,000
total assets	17,990,232,000	17,985,040,000	17,998,197,000	17,307,305,000	17,535,024,000	17,631,576,000	17,769,285,000	17,611,507,000	17,976,783,000	18,630,239,000	19,076,325,000	18,832,407,000	18,102,035,000	17,774,842,000	15,454,229,000	15,569,532,000	15,480,630,000	15,135,134,000	15,232,166,000	14,548,700,000	14,707,636,000	14,189,510,000	13,956,013,000	13,890,308,000	14,060,918,000	14,083,639,000	14,192,007,000	14,155,902,000	14,183,039,000	8,518,988,000	8,266,700,000	8,287,871,000	8,334,411,000	8,317,249,000	8,197,828,000	8,453,954,000	8,468,285,000	8,682,571,000	8,703,251,000	8,754,673,000	8,888,428,000	8,967,604,000	8,730,530,000	8,637,328,000	8,501,449,000	8,293,748,000	8,339,468,000	4,678,950,000	4,726,360,000	4,635,360,000	4,609,614,000	4,609,042,000	4,782,495,000	1,438,615,000	1,458,986,000	1,462,623,000	1,468,889,000	1,459,706,000	1,144,202,000	1,172,326,000	1,157,730,000	1,124,406,000	1,090,157,000	1,093,336,000	1,096,739,000	1,137,045,000	1,129,247,000	1,111,136,000	1,124,854,000	1,131,066,000	1,126,088,000	1,153,284,000	1,150,288,000	1,123,717,000	1,107,457,000	1,093,010,000	996,613,000	983,262,000
liabilities and equity
debt:
senior unsecured notes	6,950,261,000	6,943,940,000	6,540,432,000	6,211,918,000	6,505,907,000	6,134,810,000	6,519,887,000	5,969,622,000	6,035,686,000	5,902,854,000	5,978,294,000	5,978,499,000	5,916,400,000	5,651,865,000	5,471,066,000	5,647,833,000	5,701,913,000	5,419,419,000	5,493,556,000	5,451,520,000	5,146,192,000	4,513,243,000	4,384,879,000	4,323,063,000	4,390,189,000	4,302,892,000	3,861,931,000	3,513,268,000	3,554,470,000	3,007,453,000	3,018,475,000				2,343,062,000	1,807,200,000	1,837,216,000	1,487,864,000	1,501,281,000	1,486,568,000	1,502,007,000	1,501,061,000	1,479,473,000	498,345,000	498,300,000	498,255,000	498,210,000
unsecured term loans	1,196,366,000	1,194,466,000	1,199,256,000	1,113,910,000	1,075,826,000	1,156,442,000	1,100,356,000	1,107,164,000	1,125,564,000	1,083,597,000	1,113,491,000	566,478,000	552,539,000	506,004,000	548,287,000	303,138,000	310,583,000	312,605,000	321,392,000	318,440,000	321,971,000	304,221,000	290,827,000	289,725,000									382,191,000	369,300,000
unsecured revolving credit facility	435,417,000	354,846,000	660,872,000	205,129,000	55,448,000	229,607,000	15,005,000	291,621,000	403,785,000	516,513,000	528,705,000	669,463,000	276,392,000	462,660,000	417,455,000	476,085,000	410,596,000	254,463,000	276,121,000	21,751,000	82,281,000	182,799,000	22,366,000	75,483,000	201,267,000	22,410,000	111,227,000	106,899,000	91,563,000	696,380,000	396,917,000	267,424,000	224,213,000	165,501,000
non-recourse mortgages	140,646,000	191,387,000	235,425,000	335,345,000	401,821,000	451,962,000	467,200,000	504,808,000	579,147,000	784,750,000	995,435,000	1,043,808,000	1,132,417,000	1,162,814,000	328,820,000	351,175,000	368,524,000	688,430,000	724,778,000	728,663,000	1,145,554,000	1,234,197,000	1,424,195,000	1,433,372,000	1,462,487,000	1,771,887,000	2,203,853,000	2,503,321,000	2,732,658,000	959,951,000	985,666,000	1,005,868,000	1,253,051,000	1,314,463,000
debt	8,722,690,000	8,684,639,000	8,635,985,000	7,866,302,000	8,039,002,000	7,972,821,000	8,102,448,000	7,873,215,000	8,144,182,000	8,287,714,000	8,615,925,000	8,258,248,000	7,877,748,000	7,783,343,000	6,765,628,000	6,778,231,000	6,791,616,000	6,674,917,000	6,815,847,000	6,520,374,000	6,695,998,000	6,234,460,000	6,122,267,000	6,121,643,000	6,053,943,000	6,097,189,000	6,177,011,000	6,123,488,000	6,378,691,000	4,663,784,000	4,401,058,000	4,389,131,000	4,314,838,000	4,264,664,000
accounts payable, accrued expenses and other liabilities	670,038,000	647,335,000	654,958,000	605,618,000	596,994,000	590,347,000	548,397,000	575,832,000	615,750,000	638,965,000	643,830,000	679,484,000	623,843,000	594,139,000	529,719,000	565,971,000	572,846,000	536,242,000	571,049,000	618,300,000	603,663,000	549,899,000	515,811,000	479,408,000	487,405,000	470,540,000	463,417,000	452,920,000	403,896,000	265,676,000	245,288,000	247,138,000	255,911,000	281,415,000	255,754,000	266,917,000	258,977,000	270,602,000	281,844,000	342,374,000	298,514,000	312,521,000	298,217,000	293,846,000	294,364,000	298,432,000	291,038,000	161,369,000	282,489,000	272,595,000	317,520,000	265,132,000	275,714,000	62,948,000	62,263,000	82,055,000	71,708,000	64,774,000	28,495,000	40,808,000	34,030,000	45,891,000	43,061,000	51,710,000	48,032,000	46,602,000	57,076,000	42,422,000	44,001,000	39,577,000	37,142,000	71,819,000	61,539,000
below-market rent intangible liabilities	104,055,000	111,339,000	111,829,000	114,414,000	119,831,000	125,934,000	128,710,000	131,517,000
deferred income taxes	151,820,000	164,846,000	168,184,000	154,888,000	147,461,000	160,503,000	155,716,000	158,820,000	180,650,000	171,929,000	179,449,000	181,935,000	178,959,000	174,276,000	135,128,000	143,208,000	145,572,000	147,107,000	151,112,000	138,973,000	145,844,000	137,460,000	134,519,000	132,041,000	179,309,000	163,036,000	168,841,000	167,294,000	173,115,000	98,933,000	88,871,000	59,022,000	86,581,000	86,593,000	83,375,000	90,825,000	72,107,000	72,699,000	88,935,000	86,104,000	87,570,000	89,036,000	95,987,000	82,982,000	96,372,000	87,991,000	89,250,000																													41,527,000	39,322,000	39,908,000
dividends payable	207,487,000	204,722,000	201,909,000	199,160,000	197,612,000	196,025,000	194,515,000	192,948,000	192,332,000	233,331,000	232,461,000	231,530,000	228,257,000	224,302,000	207,526,000	206,225,000	203,859,000	199,043,000	196,324,000	188,569,000	186,514,000	185,877,000	183,738,000	181,632,000	181,346,000	180,797,000	178,665,000	176,965,000	172,154,000	111,688,000
total liabilities	9,856,090,000	9,812,881,000	9,772,865,000	8,940,382,000	9,100,900,000	9,045,630,000	9,129,786,000	8,932,332,000	9,269,786,000	9,484,988,000	9,829,393,000	9,513,045,000	9,093,391,000	8,960,945,000	7,812,767,000	7,874,871,000	7,897,179,000	7,748,437,000	7,931,399,000	7,658,245,000	7,829,267,000	7,300,141,000	7,153,558,000	7,117,232,000	7,112,745,000	7,119,217,000	7,201,213,000	7,138,173,000	7,352,984,000	5,245,979,000	4,953,731,000	4,917,401,000	4,883,497,000	4,860,046,000	4,740,211,000	5,027,849,000	4,955,239,000	5,218,606,000	5,170,796,000	5,178,301,000	5,253,484,000	5,219,125,000	5,005,904,000	4,740,522,000	4,487,180,000	4,455,767,000	4,479,595,000	2,468,783,000	2,528,716,000	2,415,244,000	2,388,830,000	2,304,188,000	2,482,191,000	703,252,000	734,067,000	738,521,000	731,118,000	720,898,000	462,233,000	499,306,000	486,848,000	484,184,000	459,727,000	453,236,000	438,046,000	476,938,000	482,019,000	446,776,000	453,270,000	463,362,000	463,812,000	512,923,000	500,007,000	460,123,000	470,726,000	453,260,000	387,711,000	372,105,000
commitments and contingencies
preferred stock, 0.001 par value...
common stock, 0.001 par value...	219,000	219,000	219,000	219,000	219,000	219,000	219,000	219,000	219,000	214,000	214,000	214,000	211,000	208,000	193,000	192,000	190,000	186,000	184,000	178,000	175,000	175,000	174,000	172,000	172,000	172,000	171,000	170,000	165,000	107,000	107,000	107,000	107,000	107,000	107,000	106,000	106,000	105,000	105,000	104,000	105,000	105,000	105,000	105,000	105,000	100,000	100,000	69,000	69,000	69,000	69,000
additional paid-in capital	11,830,737,000	11,822,063,000	11,803,487,000	11,792,420,000	11,805,179,000	11,795,514,000	11,782,157,000	11,772,948,000	11,784,461,000	11,970,559,000	11,959,060,000	11,948,910,000	11,706,836,000	11,510,303,000	10,201,614,000	10,152,426,000	9,977,686,000	9,694,226,000	9,542,171,000	9,061,143,000	8,925,365,000	8,919,520,000	8,815,108,000	8,712,244,000	8,717,535,000	8,712,441,000	8,576,245,000	8,483,301,000	8,187,335,000	4,445,426,000	4,443,374,000	4,439,433,000	4,429,240,000	4,423,841,000	4,400,389,000	4,399,651,000	4,389,363,000	4,316,732,000	4,295,469,000	4,282,042,000	4,300,859,000	4,298,574,000	4,292,781,000	4,322,273,000	4,313,896,000	4,024,039,000	4,016,019,000	2,256,503,000	2,243,186,000	2,234,450,000	2,184,387,000	2,175,820,000
distributions in excess of accumulated earnings	-3,539,592,000	-3,484,513,000	-3,424,094,000	-3,276,497,000	-3,203,974,000	-3,056,708,000	-2,975,236,000	-2,926,085,000	-2,891,424,000	-2,616,638,000	-2,510,816,000	-2,425,031,000	-2,486,633,000	-2,470,261,000	-2,352,839,000	-2,274,619,000	-2,224,231,000	-2,121,936,000	-2,063,109,000	-1,988,440,000	-1,850,935,000	-1,800,875,000	-1,765,892,000	-1,688,744,000	-1,557,374,000	-1,506,795,000	-1,368,457,000	-1,256,754,000	-1,143,992,000	-1,165,914,000	-1,132,182,000	-1,097,415,000	-1,017,901,000	-989,384,000	-945,515,000	-893,827,000	-834,868,000	-839,162,000	-786,217,000	-738,652,000	-655,095,000	-575,404,000	-537,525,000	-465,606,000	-399,116,000	-327,460,000	-302,799,000	-318,577,000	-273,850,000	-233,107,000		-172,182,000		-99,653,000	-108,100,000	-95,046,000	-80,954,000	-85,874,000	-142,845,000	-145,769,000	-145,519,000	-141,571,000	-144,864,000	-138,442,000	-129,780,000	-123,310,000	-118,715,000	-116,990,000	-119,319,000	-118,812,000	-119,341,000	-117,051,000				-114,008,000
deferred compensation obligation	80,239,000	80,186,000	97,002,000	96,952,000	78,503,000	78,420,000	78,379,000	78,491,000	62,046,000	62,046,000	62,046,000	62,046,000	57,012,000	57,012,000	57,012,000	57,152,000	49,810,000	49,810,000	49,815,000	49,815,000	42,014,000	42,014,000	42,014,000	42,291,000	37,263,000	37,263,000	37,263,000	37,263,000	35,766,000	36,159,000	36,007,000	36,147,000	46,711,000	46,711,000	47,266,000	50,222,000	50,576,000	60,789,000	60,550,000	56,040,000	57,395,000	57,395,000	56,749,000	30,624,000	30,624,000	30,624,000	29,342,000	11,354,000	11,354,000	13,411,000	13,411,000	8,358,000	8,379,000	7,691,000	7,691,000	7,063,000	11,211,000	10,511,000	10,511,000	10,511,000	10,699,000	10,249,000	10,249,000	10,249,000	10,249,000	9,799,000
accumulated other comprehensive loss	-253,346,000	-262,222,000	-264,750,000	-250,731,000	-250,232,000	-237,987,000	-252,640,000	-252,516,000	-254,867,000	-281,820,000	-279,931,000	-284,558,000	-283,780,000	-298,057,000	-266,157,000	-242,140,000	-221,670,000	-237,246,000	-229,960,000	-233,889,000	-239,906,000	-273,124,000	-290,613,000	-295,018,000	-255,667,000	-284,975,000	-260,817,000	-252,683,000	-254,996,000	-254,055,000	-247,402,000	-229,238,000	-229,581,000	-243,648,000	-246,234,000	-254,485,000	-221,326,000	-206,201,000	-171,903,000	-172,291,000	-156,669,000	-120,777,000	-174,933,000							-2,984,000		-4,649,000		-11,096,000	-5,976,000	-8,507,000	-4,639,000			-3,463,000	-3,592,000	-9,859,000	-4,532,000	-681,000		-1,072,000	-4,435,000
total stockholders’ equity	8,118,257,000	8,155,733,000	8,211,864,000	8,362,363,000	8,429,695,000	8,579,458,000	8,632,879,000	8,673,057,000	8,700,435,000	9,134,361,000	9,230,573,000	9,301,581,000	8,993,646,000	8,799,205,000	7,639,823,000	7,693,011,000	7,581,785,000	7,385,040,000	7,299,101,000	6,888,807,000	6,876,713,000	6,887,710,000	6,800,791,000	6,770,945,000	6,941,929,000	6,958,106,000	6,984,405,000	7,011,297,000	6,824,278,000	3,061,723,000	3,099,904,000	3,149,034,000	3,228,576,000	3,237,627,000
noncontrolling interests	15,885,000	16,426,000	13,468,000	4,560,000	4,429,000	6,488,000	6,620,000	6,118,000	6,562,000	10,890,000	16,359,000	17,781,000	14,998,000	14,692,000	1,639,000	1,650,000	1,666,000	1,657,000	1,666,000	1,648,000	1,656,000	1,659,000	1,664,000	2,131,000	6,244,000	6,316,000	6,389,000	6,432,000	5,777,000	209,986,000	212,100,000	220,471,000	221,373,000	218,611,000	200,639,000	123,473,000	128,230,000	130,737,000	133,486,000	134,185,000	134,675,000	136,160,000	135,023,000	139,846,000	144,633,000	150,993,000	153,413,000	298,316,000	261,213,000	261,465,000	263,388,000	270,177,000	271,855,000	33,597,000	34,195,000	33,821,000	35,276,000	38,667,000	40,772,000	40,461,000	39,902,000	16,204,000	6,505,000	6,775,000	6,680,000	6,680,000	6,398,000
total equity	8,134,142,000	8,172,159,000	8,225,332,000	8,366,923,000	8,434,124,000	8,585,946,000	8,639,499,000	8,679,175,000	8,706,997,000	9,145,251,000	9,246,932,000	9,319,362,000	9,008,644,000	8,813,897,000	7,641,462,000	7,694,661,000	7,583,451,000	7,386,697,000	7,300,767,000	6,890,455,000	6,878,369,000	6,889,369,000	6,802,455,000	6,773,076,000	6,948,173,000	6,964,422,000	6,990,794,000	7,017,729,000	6,830,055,000	3,271,709,000	3,312,004,000	3,369,505,000	3,449,949,000	3,456,238,000	3,456,652,000	3,425,140,000	3,512,081,000	3,463,000,000	3,531,490,000	3,561,428,000	3,620,322,000	3,735,105,000	3,711,252,000	3,890,735,000	4,007,923,000	3,831,563,000	3,852,570,000	2,202,731,000	2,190,328,000	2,213,034,000	2,213,380,000	2,257,323,000	2,233,681,000	728,575,000	717,990,000	716,402,000	731,140,000	732,016,000	675,049,000	665,474,000	663,995,000	633,103,000	623,019,000	632,408,000	643,904,000	644,981,000	631,902,000
total liabilities and equity	17,990,232,000	17,985,040,000	17,998,197,000	17,307,305,000	17,535,024,000	17,631,576,000	17,769,285,000	17,611,507,000	17,976,783,000	18,630,239,000	19,076,325,000	18,832,407,000	18,102,035,000	17,774,842,000	15,454,229,000	15,569,532,000	15,480,630,000	15,135,134,000	15,232,166,000	14,548,700,000	14,707,636,000	14,189,510,000	13,956,013,000	13,890,308,000	14,060,918,000	14,083,639,000	14,192,007,000	14,155,902,000	14,183,039,000	8,518,988,000	8,266,700,000	8,287,871,000	8,334,411,000	8,317,249,000	8,197,828,000	8,453,954,000	8,468,285,000	8,682,571,000	8,703,251,000	8,754,673,000	8,888,428,000	8,967,604,000	8,730,530,000	8,637,328,000	8,501,449,000	8,293,748,000	8,339,468,000	4,678,950,000	4,726,360,000	4,635,360,000	4,609,614,000	4,609,042,000	4,782,495,000	1,438,615,000	1,458,986,000	1,462,623,000	1,468,889,000	1,459,706,000	1,144,202,000	1,172,326,000	1,157,730,000	1,124,406,000	1,090,157,000	1,093,336,000	1,096,739,000	1,137,045,000	1,129,247,000
below-market rent and other intangible liabilities									136,872,000	153,049,000	157,728,000	161,848,000	184,584,000	184,885,000	174,766,000	181,236,000	183,286,000	191,128,000	197,067,000	192,029,000	197,248,000	192,445,000	197,223,000	202,508,000	210,742,000	207,655,000	213,279,000	217,506,000	225,128,000	105,898,000	107,542,000	111,801,000	116,980,000	118,736,000	119,914,000	122,203,000	125,790,000	128,466,000	132,363,000	154,315,000	165,647,000	171,544,000	174,126,000	175,070,000	178,070,000	180,364,000	182,741,000	128,202,000
net investments in direct financing leases and loans receivable													771,761,000	781,345,000	786,462,000	787,674,000	813,577,000
due from affiliates													919,000	602,000	18,937,000	13,594,000	1,826,000	1,992,000	17,003,000	4,027,000	26,257,000	4,347,000	11,074,000	39,051,000	57,816,000	86,400,000	81,523,000	71,477,000	74,842,000	82,547,000	78,100,000	75,540,000	154,336,000	129,337,000	106,113,000	299,610,000	51,508,000	57,353,000	61,548,000	62,218,000	147,700,000	176,796,000	51,200,000	34,477,000	26,075,000	39,516,000	32,497,000	32,034,000	42,249,000	28,670,000	34,625,000	36,002,000	29,557,000	33,908,000	34,233,000	38,369,000	39,659,000	32,014,000	35,341,000	38,793,000	28,217,000	29,234,000	25,425,000	35,998,000	34,133,000	31,059,000	35,683,000	53,074,000	51,194,000	48,126,000	48,496,000	88,329,000	84,671,000	76,877,000	78,648,000	88,884,000	83,111,000	82,933,000
land, buildings and improvements															12,026,671,000	12,031,896,000	11,875,407,000	11,644,851,000	11,621,204,000	10,930,595,000	10,939,619,000	10,560,534,000	10,287,575,000	10,019,597,000	9,856,191,000	9,439,301,000	9,480,306,000	9,396,426,000	9,251,396,000	5,794,494,000	5,651,906,000	5,523,209,000	5,429,239,000
net investments in direct financing leases																		633,190,000	657,360,000	698,852,000	711,974,000	715,541,000	752,630,000	844,945,000	896,549,000	1,176,301,000	1,263,319,000	1,279,122,000	1,306,215,000	702,151,000	705,588,000	725,676,000	717,184,000	708,997,000	688,234,000	684,059,000	740,745,000	741,185,000	753,746,000	756,353,000	780,239,000	783,832,000	766,920,000	816,226,000	838,475,000	880,000,000	898,335,000	363,420,000	360,240,000	360,701,000	364,078,000	376,005,000	373,544,000	57,872,000	58,064,000	58,000,000	75,886,000	76,114,000	76,336,000	76,550,000	77,892,000
equity investments in the managed programs and real estate																				269,448,000	283,446,000	288,444,000	284,643,000	276,109,000	324,004,000	315,641,000	317,159,000	320,066,000	329,248,000	366,306,000	363,622,000	358,068,000	327,598,000	330,540,000	312,140,000	298,893,000	294,690,000	286,775,000	281,546,000	275,473,000	275,883,000	263,418,000	249,088,000
in-place lease and other intangible assets																													2,009,628,000	1,199,785,000	1,228,241,000	1,235,828,000	1,204,770,000	1,199,289,000
redeemable noncontrolling interest																														1,300,000	965,000	965,000	965,000	965,000	965,000	965,000	965,000	965,000	965,000	14,944,000	14,622,000	13,374,000	13,374,000	6,071,000	6,346,000	6,418,000	7,303,000	7,436,000	7,316,000	7,082,000	7,404,000	7,531,000	6,623,000	6,788,000	6,929,000	7,700,000	6,631,000	6,792,000	6,920,000	7,546,000	6,887,000	7,119,000	7,411,000
distributions payable																															110,972,000	110,309,000	109,187,000	108,638,000	107,816,000	107,090,000	106,545,000	104,911,000	103,990,000	102,715,000	101,645,000	101,517,000	101,350,000	100,078,000	98,996,000	90,610,000	90,079,000	67,746,000	59,439,000	58,036,000	57,128,000	45,700,000	44,301,000	22,960,000	22,852,000	22,314,000	22,186,000	21,784,000	20,233,000	20,073,000	20,008,000	19,849,000	19,718,000	31,365,000	19,548,000	19,454,000	19,355,000	19,508,000	19,650,000	19,264,000	19,032,000	29,222,000	18,176,000	18,227,000	17,716,000	17,481,000	17,340,000	16,963,000
unsecured senior notes																																3,115,839,000	2,455,383,000	2,415,400,000
real estate																																		5,276,976,000																																488,457,000	492,064,000	499,795,000	500,988,000	510,714,000	514,070,000	513,405,000	524,333,000	531,485,000	534,159,000	540,504,000	488,436,000	454,478,000
operating real estate																																		81,902,000	81,783,000	81,711,000	81,665,000	81,508,000																												74,566,000	75,025,000	74,534,000	75,311,000	75,635,000	74,243,000	73,189,000	75,399,000	72,049,000	62,019,000	33,606,000	7,560,000	7,865,000
real estate, at cost																																			5,209,837,000	5,204,126,000	5,221,986,000	5,231,806,000	5,350,924,000	5,309,925,000	5,297,782,000	5,296,054,000	5,159,139,000	5,006,682,000	4,572,313,000	4,497,999,000	4,487,928,000	2,516,325,000	2,515,475,000	2,450,868,000	2,373,912,000	2,331,613,000	2,360,786,000	595,920,000	614,052,000	646,482,000	631,496,000	646,923,000	556,685,000	560,592,000	567,933,000		548,219,000	525,607,000	567,622,000
accumulated depreciation																																			-521,835,000	-484,437,000	-455,613,000	-420,420,000	-414,623,000	-381,529,000	-351,666,000	-324,136,000	-286,953,000	-258,493,000	-243,639,000	-217,155,000	-193,370,000	-168,958,000	-170,085,000	-165,009,000		-136,068,000		-127,139,000	-126,081,000	-135,175,000	-131,725,000	-129,072,000	-124,780,000	-122,312,000	-118,510,000	-113,348,000	-112,910,000	-112,286,000	-118,268,000
net investments in properties																																			4,769,785,000	4,801,400,000	4,848,038,000	4,892,894,000	5,016,525,000	5,011,145,000	5,028,764,000	5,057,155,000	4,957,101,000	4,833,074,000	4,413,268,000	4,365,388,000	4,379,052,000	2,353,391,000	2,429,286,000	2,384,615,000	2,322,395,000	2,295,248,000	2,344,729,000	578,809,000	597,878,000	621,182,000	609,595,000	627,599,000	541,573,000	548,131,000	552,766,000	532,053,000	521,256,000	499,248,000	535,162,000
in-place lease and tenant relationship intangible assets																																			805,100,000	826,113,000	817,151,000	843,154,000	856,496,000	902,848,000	928,962,000	948,547,000	953,458,000	993,819,000
liabilities:
non-recourse debt																																			1,386,542,000	1,706,921,000	1,926,331,000	2,110,441,000	2,247,993,000	2,271,204,000	2,412,612,000	2,443,212,000	2,420,620,000	2,532,683,000	2,702,133,000	2,823,415,000	2,961,999,000	1,492,410,000	1,685,556,000	1,686,155,000	1,695,335,000	1,715,397,000					335,354,000	342,941,000	250,997,000	255,232,000	254,144,000	206,247,000	209,158,000	215,330,000	220,021,000	232,565,000	231,007,000	245,874,000	255,478,000	261,688,000	264,258,000	254,051,000
senior unsecured credit facility - term loans																																			250,944,000
senior unsecured credit facility - revolver																																			192,804,000	676,715,000	378,358,000	793,770,000	564,600,000	485,021,000	435,489,000	350,234,000	186,131,000
equity:
w. p. carey stockholders’ equity:
total w. p. carey stockholders’ equity																																			3,256,013,000	3,301,667,000	3,383,851,000	3,332,263,000	3,398,004,000	3,427,243,000	3,485,647,000	3,598,945,000	3,576,229,000	3,750,889,000	3,863,290,000	3,680,570,000	3,699,157,000	1,904,415,000	1,929,115,000	1,951,569,000	1,949,992,000	1,987,146,000	1,961,826,000
senior unsecured credit facility - term loan																																				249,978,000	249,915,000	249,853,000	249,790,000	250,000,000	250,000,000	250,000,000	250,000,000
operating real estate, at cost																																							80,224,000	82,749,000	82,648,000	85,237,000	84,915,000	84,885,000	84,594,000	84,544,000	84,494,000	6,024,000	83,896,000	98,756,000	98,690,000	99,703,000	110,109,000	110,028,000	109,907,000	109,875,000	109,824,000	109,748,000	109,668,000	109,851,000	103,343,000	85,960,000	85,947,000	85,927,000	85,808,000
less: treasury stock at cost, 1,044,416 shares																																									-60,948,000	-60,948,000	-60,948,000
equity investments in real estate, the managed reits and bdc																																												249,403,000
senior credit facilities – revolver																																												807,518,000
senior credit facilities – term loan																																												250,000,000
accumulated other comprehensive income																																												-75,559,000	-21,271,000	14,215,000	17,443,000	15,336,000	8,626,000									2,904,000	2,301,000						648,000			-828,000	97,000	6,533,000	6,068,000	2,738,000	2,025,000	549,000	425,000	24,000	-315,000	3,172,000
less: treasury stock at cost, 1,044,416 and 1,033,379 shares, respectively																																												-60,948,000	-60,948,000	-60,948,000	-60,948,000
equity investments in real estate and the managed reits																																													218,103,000	211,225,000	186,965,000	530,020,000	557,513,000	559,361,000	564,092,000	565,626,000
in-place lease intangible assets																																													935,008,000	966,406,000	997,520,000	467,127,000	487,527,000	465,931,000
senior unsecured credit facility and unsecured term loan																																													618,945,000
senior credit facility and unsecured term loan																																														476,700,000	366,278,000	575,000,000	490,000,000
income taxes																																																44,056,000	11,232,000	13,458,000	20,847,000	24,959,000	26,296,000	37,652,000	46,070,000	44,783,000	48,710,000	58,239,000	40,758,000	41,443,000	36,916,000	40,447,000	37,790,000	43,831,000	50,445,000	52,817,000	58,081,000	57,972,000	60,641,000	61,833,000	64,580,000	65,152,000	71,897,000	64,744,000	45,624,000
redeemable securities - related party																																																				40,000,000	60,000,000
less: treasury stock at cost, 1,033,379 and 416,408 shares, respectively																																																-60,270,000
other intangible assets																																																	15,519,000	12,256,000	10,484,000	10,200,000
less, treasury stock at cost, 1,033,379 and 416,408 shares, respectively																																																	-60,270,000	-60,270,000
senior credit facility																																																		385,000,000	298,000,000	253,000,000	418,160,000
cash																																																			111,564,000	123,904,000
in-place lease																																																			468,132,000	447,278,000
above-market rent																																																			267,845,000	279,885,000
less, treasury stock at cost, 416,408 and 416,408 shares, respectively
real estate under construction																																																				2,875,000
listed shares of w. p. carey & co. llc, no par value, 100,000,000 shares authorized; 0 and 39,729,018 shares issued and outstanding, respectively
common stock of w. p. carey inc., 0.001 par value...																																																				69,000	68,000
preferred stock of w. p. carey inc., 0.001 par value...
less, treasury stock at cost, 416,408 and 0 shares, respectively																																																				-20,270,000
equity investments in real estate and the reits																																																					575,189,000	552,552,000	541,457,000	538,749,000	537,384,000	528,012,000	333,093,000
intangible assets																																																					753,668,000																					40,116,000	41,259,000	43,742,000	33,494,000	40,700,000
non-recourse and limited-recourse debt																																																					1,717,720,000	346,532,000	354,722,000	356,209,000
additional paid-in-capital																																																					2,129,217,000
less, treasury stock at cost, 561,418 and 0 shares, respectively
intangible assets and goodwill																																																						121,402,000	123,294,000	125,957,000	128,249,000	130,122,000	86,521,000	87,768,000	88,994,000	89,359,000	88,744,000	85,187,000	86,990,000	88,525,000	91,166,000	93,310,000	95,178,000	96,172,000	98,022,000	99,873,000	101,723,000
line of credit																																																						233,160,000	248,160,000	233,160,000		233,160,000	121,750,000	141,750,000	141,750,000	171,750,000	150,000,000	111,000,000	100,000,000	125,500,000	116,500,000	81,000,000	73,500,000	81,000,000
w. p. carey members’ equity:
listed shares, no par value, 100,000,000 shares authorized; 40,358,186 and 39,729,018 shares issued and outstanding, respectively																																																						798,036,000
total w. p. carey members’ equity																																																						694,978,000	683,795,000	682,581,000	695,864,000	693,349,000	634,277,000	625,013,000	624,093,000	616,899,000	616,514,000	625,633,000	637,224,000	638,301,000	625,504,000
listed shares, no par value, 100,000,000 shares authorized; 40,312,460 and 39,729,018 shares issued and outstanding, respectively																																																							790,180,000
revenues
asset management revenue																																																							15,602,000		14,840,000											80,714,000	20,205,000	20,039,000		83,051,000	18,648,000	30,204,000	15,034,000	57,633,000	14,364,000
structuring revenue																																																							7,638,000		21,221,000											20,236,000	10,818,000	3,169,000		78,175,000	9,778,000	53,448,000	4,583,000	22,506,000	3,434,000
wholesaling revenue																																																							3,787,000		2,586,000											5,129,000	1,517,000	1,488,000
reimbursed costs from affiliates																																																							18,737,000		14,707,000											41,179,000	11,303,000	11,080,000		13,782,000	3,422,000	3,244,000	3,475,000	63,630,000	13,762,000
lease revenues																																																							17,653,000		18,609,000											75,932,000	18,959,000	19,422,000		75,403,000	19,845,000	19,998,000	19,632,000	74,090,000
other real estate income																																																							5,992,000		6,409,000											20,683,000	3,834,000	3,305,000		12,718,000	4,159,000	3,241,000	3,174,000	9,381,000
operating expenses
general and administrative																																																							-26,909,000		-25,187,000											-62,590,000	-17,013,000	-15,816,000		-61,821,000	-12,345,000	-23,256,000	-12,237,000	-41,494,000	-8,800,000
reimbursable costs																																																							-18,737,000		-14,707,000											-41,179,000	-11,303,000	-11,080,000		-13,782,000	-3,422,000	-3,244,000	-3,475,000	-63,630,000	-13,762,000
depreciation and amortization																																																							-6,864,000		-7,180,000											-25,664,000	-6,395,000	-6,279,000		-25,543,000	-6,246,000	-6,950,000	-6,944,000	-26,048,000
property expenses																																																							-2,698,000		-3,672,000											-7,620,000	-1,815,000	-1,362,000		-6,245,000	-2,725,000	-1,893,000	-1,420,000	-7,046,000	-2,449,000
other real estate expenses																																																							-2,499,000		-2,725,000											-8,196,000	-1,989,000	-2,146,000		-7,690,000	-2,255,000	-1,301,000	-2,524,000	-5,881,000
impairment charges																																																							-3,299,000													-1,011,000				-1,017,000
other income and expenses
other interest income																																																							503,000		323,000											2,884,000	752,000	679,000		6,842,000	1,287,000	3,643,000	598,000	3,433,000	836,000
income from equity investments in real estate and the reits																																																							13,986,000		16,068,000
other income and																																																							306,000		-296,000
interest expense																																																							-7,345,000		-5,989,000											-19,289,000	-5,004,000	-4,532,000		-20,880,000	-5,618,000	-5,669,000	-4,863,000	-18,139,000	-4,395,000
income from continuing operations before income taxes																																																							15,853,000		30,073,000											97,395,000	25,037,000	23,445,000		120,342,000	33,947,000	70,422,000	17,326,000	133,045,000	19,995,000
benefit from income taxes																																																							-1,695,000		-5,931,000											-23,521,000	-5,839,000	-7,422,000		-51,739,000	-11,519,000	-31,144,000	-6,378,000	-45,491,000	-5,580,000
income from continuing operations																																																							14,158,000		24,142,000											73,874,000	19,198,000	16,023,000		68,603,000	22,428,000	39,278,000	10,948,000	87,554,000	14,415,000
discontinued operations
income from operations of discontinued properties																																																							117,000		504,000											4,173,000		3,825,000		2,874,000	298,000	1,790,000	-148,000	-1,346,000	75,000
gain on sale of real estate																																																							-181,000		-396,000																	962,000		3,452,000	-185,000
impairment charge																																																							-2,425,000		-4,934,000												-538,000
income from discontinued operations																																																							-2,489,000		1,116,000											4,173,000		3,825,000		10,649,000	-2,019,000	2,752,000	-148,000	-1,251,000	-110,000
net income																																																							11,669,000		25,258,000											78,047,000	19,198,000	19,848,000		79,252,000	20,409,000	42,030,000	10,800,000	86,303,000	14,305,000
add: net income attributable to noncontrolling interests																																																							578,000		581,000
less: net income (income) attributable to redeemable noncontrolling interest																																																							43,000
net income attributable to w. p. carey members																																																							12,290,000		25,202,000
basic earnings per share
income from continuing operations attributable to w. p. carey members																																																							360		590
income from discontinued operations attributable to w. p. carey members																																																							-60		30
diluted earnings per share
weighted-average shares outstanding
basic																																																							40,037,496,000		39,861,064,000											39,202,520,000	39,294,889,000	39,204,221,000		38,113,857,000	38,298,979,000	38,308,202,000	37,930,777,000	37,668,920,000	38,034,590,000
diluted																																																							40,487,652,000		40,404,520,000											40,221,112,000	40,299,073,000	40,256,658,000		39,868,208,000	39,601,853,000	40,004,379,000	39,851,353,000	39,093,897,000	39,303,948,000
amounts attributable to w. p. carey members
income from continuing operations, net of tax																																																							14,779,000		24,086,000
income from discontinued operations, net of tax																																																							-2,489,000		1,116,000
distributions declared per share																																																							565		560												492	487		1,880	472	467	462	1,820	456
listed shares, no par value, 100,000,000 shares authorized; 39,729,018 and 39,454,847 shares issued and outstanding, respectively																																																								779,071,000
lines of credit																																																									253,160,000
listed shares, no par value, 100,000,000 shares authorized; 39,717,286 and 39,454,847 shares issued and outstanding, respectively																																																									770,246,000
incentive, termination and subordinated disposition revenue
gain on change in control of interests
gain on deconsolidation of a subsidiary																																																									1,008,000
less: net income attributable to redeemable noncontrolling interest																																																									-637,000
listed shares, no par value, 100,000,000 shares authorized; 39,707,156 and 39,454,847 shares issued and outstanding, respectively																																																										765,808,000
listed shares, no par value, 100,000,000 shares authorized; 39,614,250 and 39,454,847 shares issued and outstanding, respectively																																																											764,310,000
equity investments in real estate and cpa® reits																																																												322,294,000	323,742,000	313,080,000	309,075,000	304,990,000	304,406,000	309,498,000	298,889,000	260,620,000	266,567,000	266,807,000	257,289,000	242,677,000	202,458,000
listed shares, no par value, 100,000,000 shares authorized; 39,454,847 and 39,204,605 shares issued and outstanding, respectively																																																												763,734,000
listed shares, no par value, 100,000,000 shares authorized; 39,481,027 and 39,204,605 shares issued and outstanding, respectively																																																													762,505,000
net investment in direct financing leases																																																														78,087,000	79,999,000	80,222,000	83,077,000	83,323,000	83,561,000	83,792,000	84,477,000	88,637,000	89,056,000	89,463,000	107,371,000	107,886,000	108,387,000	108,581,000	115,406,000	131,975,000
listed shares, no par value, 100,000,000 shares authorized; 39,323,929 and 39,204,605 shares issued and outstanding, respectively																																																														758,080,000
listed shares, no par value, 100,000,000 shares authorized; 39,220,182 and 39,204,605 shares issued and outstanding, respectively																																																															755,661,000
redeemable noncontrolling interests																																																																7,692,000	14,789,000	15,126,000	15,326,000
listed shares, no par value, 100,000,000 shares authorized; 39,204,605 and 39,589,594 shares issued and outstanding, respectively																																																																754,507,000
listed shares, no par value, 100,000,000 shares authorized; 39,193,174 and 39,589,594 shares issued and outstanding, respectively																																																																	756,107,000
listed shares, no par value, 100,000,000 shares authorized; 39,158,020 and 39,589,594 shares issued and outstanding, respectively																																																																		752,884,000
listed shares, no par value, 100,000,000 shares authorized; 39,117,568 and 39,589,594 shares issued and outstanding, respectively																																																																			748,654,000
note:
liabilities and members’ equity
settlement provision																																																																								29,979,000
minority interest in consolidated entities																																																																				16,224,000	19,523,000	19,260,000	18,618,000	6,090,000	7,580,000	7,609,000	7,800,000	7,765,000	7,493,000	3,689,000
members’ equity:
listed shares, no par value, 100,000,000 shares authorized; 39,589,594 and 39,216,493 shares issued and outstanding, respectively																																																																				765,954,000
total members’ equity																																																																				648,136,000	652,061,000	648,444,000	643,658,000	634,271,000	642,701,000	655,985,000	628,931,000	631,985,000	601,409,000	607,468,000
total liabilities and members’ equity																																																																				1,111,136,000	1,124,854,000	1,131,066,000	1,126,088,000	1,153,284,000	1,150,288,000	1,123,717,000	1,107,457,000	1,093,010,000	996,613,000	983,262,000
incentive, termination and subordinated disposition revenue from mergers																																																																												46,018,000
benefit from settlement																																																																								-29,979,000
income from equity investments in real estate and cpa® reits																																																																				14,198,000	2,272,000	3,934,000		18,357,000	8,945,000
minority interest in income																																																																				-558,000	-103,000	-304,000		-4,143,000			-331,000	-812,000
gain on sale of investment in direct financing lease																																																																				1,103,000	1,103,000
gain on sale of securities, foreign currency transactions and other																																																																				1,444,000	-1,566,000	1,848,000		3,114,000	1,029,000
gains on sale of real estate																																																																								15,486,000
listed shares, no par value, 100,000,000 shares authorized; 40,024,035 and 39,216,493 shares issued and outstanding, respectively																																																																					771,283,000
listed shares, no par value, 100,000,000 shares authorized; 39,656,675 and 39,216,493 shares issued and outstanding, respectively																																																																						760,723,000
unsecured credit facility																																																																							78,800,000	62,700,000	58,700,000	28,000,000	26,000,000	2,000,000
listed shares, no par value, 100,000,000 shares authorized; 39,536,581 and 39,216,493 shares issued and outstanding, respectively																																																																							756,931,000
note: the consolidated balance sheet at december 31, 2007 has been derived from the audited consolidated financial statements at that date.
deferred revenue																																																																											45,919,000	40,490,000	33,771,000
listed shares, no par value, 100,000,000 shares authorized; 39,216,493 and 38,262,157 shares issued and outstanding, respectively																																																																								748,584,000
limited recourse mortgage notes payable																																																																									254,114,000	258,663,000	260,891,000	261,152,000	251,654,000
secured credit facility																																																																									35,581,000	35,581,000	30,651,000	15,501,000
listed shares, no par value, 100,000,000 shares authorized; 38,583,229 and 38,262,157 shares issued and outstanding, respectively																																																																									734,518,000
dividends in excess of accumulated earnings																																																																									-93,842,000	-96,072,000	-119,873,000		-140,471,000	-131,178,000
minority interest in (income) loss																																																																									-555,000	-3,141,000
impairment charges on assets held for sale																																																																									-2,317,000			-3,357,000
equity investments in real estate																																																																										183,226,000	175,390,000	166,147,000	146,846,000
accounts payable and accrued expenses																																																																										32,549,000	25,701,000	32,073,000	24,987,000	23,002,000
other liabilities																																																																										22,359,000	18,224,000	12,340,000	12,393,000	36,064,000
listed shares, no par value, 100,000,000 shares authorized; 39,129,982 and 38,262,157 shares issued and outstanding, respectively																																																																										751,508,000
income from equity investments in real estate																																																																										1,929,000	2,438,000	7,608,000	2,932,000
gain on sale of securities, foreign currency transactions and other gains																																																																										169,000	186,000	12,943,000	245,000
listed shares, no par value, 100,000,000 shares authorized; 38,442,298 and 38,262,157 shares issued and outstanding, respectively																																																																											748,379,000
limited recourse mortgage notes payable on assets held for sale
accrued interest																																																																												1,974,000	1,760,000	2,036,000
due to affiliates																																																																												1,239,000	1,120,000	2,994,000
prepaid and deferred rental income and security deposits																																																																												5,548,000	4,898,000
accrued income taxes																																																																												21,935,000	466,000	634,000
members equity:
listed shares, no par value, 100,000,000 shares authorized; 38,262,157 and 37,706,247 shares issued and outstanding, respectively																																																																												745,969,000
unearned compensation																																																																														-5,119,000
revenues:
operating expenses:
impairment charges and loan losses																																																																												-1,147,000
other income and expenses:
discontinued operations:
basic earnings per share:
diluted earnings per share:
weighted-average shares outstanding:
credit facility																																																																														15,000,000
commitments and contingencies (note 8) members’ equity:
listed shares, no par value; 38,117,923 and 37,706,247 shares issued and outstanding, respectively																																																																													742,195,000
rental income																																																																													15,196,000
interest income from direct financing leases																																																																													3,334,000
other operating income																																																																													985,000
revenues of other business operations																																																																													1,529,000
depreciation																																																																													-3,707,000
amortization																																																																													-2,168,000
operating expenses of other business operations																																																																													-1,381,000
minority interest in loss																																																																													40,000
equity investments																																																																														134,567,000
mortgage notes payable																																																																														226,701,000
mortgage notes payable on assets held for sale																																																																														4,412,000
prepaid rental income and security deposits																																																																														4,391,000
listed shares, no par value; 37,778,129 and 37,706,247 shares issued and outstanding at march 31, 2006 and december 31, 2005																																																																														740,593,000

Cashflow Statements:

Quarterly

Annual

Unit: USD	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-09-30	2018-06-30	2018-03-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2014-12-31	2014-09-30	2014-06-30	2014-03-31	2013-12-31	2013-09-30	2013-06-30	2013-03-31	2012-12-31	2012-09-30	2012-06-30	2012-03-31	2011-12-31	2011-09-30	2011-06-30	2011-03-31	2010-12-31	2010-09-30	2010-06-30	2010-03-31	2009-12-31	2009-09-30	2009-06-30	2009-03-31	2008-12-31	2008-09-30	2008-06-30	2008-03-31	2007-12-31	2007-09-30	2007-06-30	2007-03-31	2006-12-31	2006-09-30	2006-06-30	2006-03-31

cash flows — operating activities
net income	154,562,000	141,225,000	51,312,000	125,816,000	47,038,000	111,652,000	142,854,000	159,086,000	144,244,000	124,999,000	144,580,000	294,441,000	209,503,000	104,268,000	127,718,000	156,993,000	99,612,000	138,586,000	120,283,000	51,641,000	134,615,000	149,434,000	115,204,000	66,702,000	129,792,000	41,835,000	66,121,000	68,796,000	81,573,000	79,424,000	68,066,000	83,654,000	67,131,000	59,825,000	48,470,000	112,302,000	53,171,000	60,864,000	56,144,000	23,578,000	66,923,000	38,582,000	34,766,000	28,316,000	68,255,000	114,732,000	48,860,000	21,650,000	45,816,000	15,839,000	17,654,000	2,226,000	31,230,000	11,669,000	9,204,000	27,589,000	78,729,000	23,616,000	20,557,000	16,371,000	23,721,000	14,302,000	23,733,000	14,184,000	14,877,000	17,774,000	21,900,000	19,198,000	19,848,000	17,101,000	6,013,000	20,409,000	42,030,000	10,800,000	43,629,000	14,305,000	17,304,000	11,065,000
adjustments to net income:
depreciation and amortization, including intangible assets and deferred financing costs	148,896,000	129,191,000	125,037,000	134,521,000	120,758,000	120,689,000	142,167,000	123,487,000	134,336,000	149,842,000	148,674,000	161,314,000	145,578,000	136,491,000	118,536,000	119,136,000	139,219,000	119,392,000	118,090,000	114,021,000	114,409,000	111,567,000	110,751,000	119,483,000	115,106,000	112,824,000	116,700,000	115,400,000	69,795,000	66,351,000	65,837,000	66,120,000	65,325,000	63,853,000	63,691,000	63,866,000	67,180,000	84,956,000	75,562,000	78,144,000	67,135,000	66,994,000	63,741,000	60,900,000	66,351,000	57,557,000	37,637,000	35,021,000	33,855,000	33,803,000	32,582,000	7,478,000	7,173,000	7,881,000	9,456,000
net realized and unrealized losses on equity securities, foreign currency exchange rate movements, extinguishment of debt, and other
gain on sale of real estate	-52,791,000	-44,401,000	-52,824,000	-43,777,000	-4,480,000	-15,534,000	-39,363,000	-15,445,000	-134,026,000	-2,401,000	-1,808,000	-177,749,000	-5,845,000	4,736,000	-31,119,000	-11,248,000	-9,511,000	-1,702,000	-19,840,000	-9,372,000	-76,686,000	-20,933,000	0	-11,751,000	-17,501,000	-71,000	362,000	-933,000	-343,000	-11,912,000	-6,732,000	-19,257,000	-3,465,000	-10,000	-3,248,000	-49,126,000	-18,282,000	-662,000	-3,507,000	-1,779,000	-16,000	-1,185,000		-258,000				-240,000					-1,686,000	181,000		396,000	121,000	-781,000		0
straight-line rent adjustments	-20,021,000	-21,097,000	-15,719,000	-21,537,000	-25,438,000	-21,763,000	-15,849,000	-20,044,000	-19,764,000	-19,706,000	-20,017,000	-15,948,000	-15,646,000	-15,196,000	-15,383,000	-11,763,000	-16,531,000	-12,048,000	-11,802,000	-10,184,000	-10,934,000	-14,539,000	-13,207,000	-11,619,000	-10,357,000	-11,609,000	-13,102,000	-11,192,000	-4,639,000																																	251,000	663,000	593,000	473,000	494,000	509,000	466,000	621,000	631,000	927,000	624,000	571,000	850,000	809,000	731,000	880,000	732,000
impairment charges — real estate	39,690,000	19,474,000	4,349,000	6,854,000	27,843,000	0			71,238,000				12,734,000
stock-based compensation expense	8,650,000	11,153,000	10,943,000	9,148,000	9,667,000	13,468,000	8,903,000	8,856,000	8,693,000	9,050,000	8,995,000	7,766,000	9,739,000	5,511,000	9,758,000	7,833,000	6,091,000	4,361,000	9,048,000	5,381,000	5,795,000	4,564,000	2,918,000	2,661,000	4,939,000	4,747,000	4,936,000	4,165,000	2,475,000	3,698,000	8,219,000	4,635,000	3,104,000	6,910,000	3,052,000	4,355,000	4,001,000	9,814,000	5,563,000	3,965,000	5,089,000	7,009,000	8,096,000	7,979,000	7,957,000	7,043,000		7,852,000	8,429,000	9,149,000	6,478,000	9,805,000	4,494,000	5,261,000	4,690,000	4,398,000	6,177,000	2,451,000	387,000	1,759,000	2,475,000	2,461,000	1,559,000	2,517,000	3,535,000	1,725,000	1,384,000	1,972,000	1,816,000	2,106,000	1,756,000	1,467,000	1,405,000	923,000
increase in allowance for credit losses	218,000	4,766,000	9,871,000	12,331,000	16,831,000							-3,420,000
earnings from equity method investments	-4,109,000	-2,361,000	-6,161,000	-5,378,000	-302,000	-6,124,000	-6,636,000	-4,864,000		-4,978,000	-4,355,000	-5,236,000
distributions of earnings from equity method investments	3,390,000	2,136,000	4,546,000	5,870,000	4,245,000	4,674,000	8,460,000	3,687,000	3,481,000	5,176,000	4,683,000	5,248,000	3,960,000	10,369,000	9,935,000	5,972,000	6,655,000	5,086,000	2,127,000	1,603,000	2,133,000	4,165,000	465,000	2,656,000	7,300,000	6,583,000	5,809,000	7,080,000	18,812,000	13,072,000	15,289,000
deferred income tax benefit				-782,000	96,000				2,507,000				-6,510,000	36,000	-355,000	-1,242,000		-661,000	216,000	-2,567,000		-2,885,000	-3,042,000	-41,487,000		-1,039,000	-295,000	-1,829,000
amortization of rent-related intangibles and deferred rental revenue	-4,415,000	4,174,000	4,951,000	1,276,000	10,256,000	4,524,000	5,555,000	4,142,000	6,264,000	7,901,000	9,028,000	10,765,000	8,871,000	11,677,000	11,062,000	11,639,000	15,564,000	12,792,000	15,436,000	13,118,000	12,445,000	13,471,000	14,026,000	12,794,000	22,341,000	30,162,000	16,450,000	15,925,000	13,073,000	11,877,000	11,455,000	12,457,000	12,250,000	12,503,000
gain on change in control of interests					0								0																														-1,302,000	0	-1,284,000	-103,361,000									0	0
gain on repayment of secured loan receivable					0	0	0	-10,650,000
proceeds from sales of net investments in sales-type leases	-35,000	21,969,000	161,952,000	16,282,000	-169,000	-99,000	-464,000	807,544,000
net changes in other operating assets and liabilities	32,775,000	9,390,000	-35,972,000	2,645,000	29,732,000	24,888,000	-36,538,000	-15,550,000	2,695,000	3,841,000	-41,870,000	5,935,000	40,399,000	5,508,000	-38,754,000	-21,422,000	21,631,000	-302,000	-12,787,000	-22,794,000	40,956,000	21,403,000	-27,001,000	-32,119,000	15,859,000	23,535,000	-9,238,000	-50,939,000	-11,077,000	-203,000	-23,893,000	1,571,000	8,502,000	-14,599,000	36,445,000	-9,545,000	-9,045,000	2,819,000	15,667,000	-5,695,000	5,651,000	-33,319,000	11,494,000	10,906,000	569,000	-5,489,000	-2,718,000	11,240,000	11,344,000	-23,050,000	-6,649,000	29,703,000	1,391,000	-21,533,000	2,913,000	3,274,000	3,742,000	-15,285,000	9,831,000	2,666,000	2,988,000	-9,063,000	590,000	4,053,000	1,295,000	-7,339,000	-2,971,000	8,023,000	2,724,000	-15,997,000	5,127,000	1,233,000	5,495,000	-7,744,000	10,409,000	-1,075,000	2,318,000	-2,968,000
net cash from operating activities	304,633,000	300,490,000	403,983,000	273,213,000	296,347,000	280,170,000	221,048,000	1,035,547,000	260,745,000	282,353,000	247,607,000	282,727,000	301,028,000	255,645,000	211,001,000	235,882,000	301,083,000	226,649,000	210,303,000	188,444,000	244,954,000	216,533,000	160,354,000	179,697,000	234,592,000	249,325,000	185,314,000	142,846,000	140,845,000	125,968,000	102,946,000	134,616,000	135,194,000	112,067,000	156,238,000	125,319,000	123,142,000	113,072,000	146,374,000	114,851,000	148,679,000	67,373,000	121,938,000	108,517,000	124,941,000	43,696,000	61,581,000	74,874,000	53,978,000	17,475,000	48,904,000	19,934,000	15,865,000	-4,060,000	17,464,000	16,665,000	39,301,000	6,686,000	34,149,000	15,977,000	22,668,000	13,623,000	25,161,000	14,700,000	10,401,000	24,282,000	15,755,000	20,273,000	16,460,000	10,759,000	22,578,000	13,245,000	11,927,000	-279,000	71,080,000	13,295,000	10,218,000	25,347,000
cash flows — investing activities
purchases of real estate	-615,431,000	-499,692,000	-365,289,000	-176,927,000	-552,093,000	-128,628,000	-254,344,000	-193,744,000	-303,126,000	-13,237,000	-751,389,000	-143,645,000	-131,784,000	-399,553,000	-348,971,000	-265,426,000	-302,425,000	-167,430,000	-686,081,000	-150,922,000	-306,193,000	-84,291,000	-68,203,000	-197,626,000	-366,084,000	-61,816,000	-124,837,000	-164,929,000	-260,224,000	-184,693,000	-85,197,000	0			-145,859,000	0			-144,996,000	-93,897,000	-50,312,000	-385,603,000		-158,259,000				-65,735,000	-112,423,000	-71,131,000
proceeds from sales of real estate	510,125,000	460,993,000	198,625,000	110,437,000	121,922,000	92,543,000	134,154,000	60,868,000	258,724,000	143,617,000	3,036,000	41,025,000	64,311,000	55,208,000	88,449,000	26,684,000	36,941,000	28,264,000	10,396,000	88,037,000	198,558,000	62,859,000	-39,000	105,154,000	281,481,000	13,889,000	7,738,000	4,851,000	17,393,000	42,046,000	35,691,000
investments in loans receivable	-21,340,000	-109,603,000	-175,670,000	-93,206,000	-186,564,000	0	-85,000	-83,731,000
funding for real estate construction, redevelopments, and other capital expenditures on real estate	-84,043,000	-54,525,000	-25,452,000	-27,193,000	-64,307,000	-23,813,000	-27,650,000	-19,557,000	-31,476,000	-28,014,000	-26,914,000	-35,221,000	-20,720,000	-26,980,000	-34,974,000	-21,767,000	-25,661,000	-33,574,000	-25,111,000	-29,270,000	-37,753,000	-52,083,000	-64,028,000	-53,392,000	-33,197,000	-55,402,000	-49,815,000	-27,076,000
value added taxes refunded in connection with acquisition of real estate	10,374,000	5,356,000	14,873,000	17,128,000		9,542,000	4,224,000	4,504,000																											1,000
value added taxes paid in connection with acquisition of real estate	-11,343,000	-17,652,000	-9,954,000	-6,698,000		-7,419,000	-1,900,000	-27,197,000																															-138,000
other investing activities	6,654,000	-761,000	-2,732,000	5,659,000	-27,439,000	12,795,000	3,167,000	-693,000	-19,500,000	3,576,000	-9,664,000	1,101,000	-2,822,000	-14,222,000	3,288,000	-6,011,000	3,223,000	-941,000	-13,468,000	-8,445,000	-3,437,000	-4,024,000	2,035,000	6,591,000	-25,068,000	-6,957,000	6,308,000	16,835,000	2,824,000	-3,827,000	427,000	3,869,000	1,468,000	391,000	796,000	1,748,000	1,605,000	-1,130,000	738,000	509,000	488,000	489,000	-5,896,000	1,687,000	406,000	334,000
return of capital from equity method investments	1,845,000	749,000	-377,000	3,100,000	-1,000	224,000	390,000	413,000	403,000	138,000	9,471,000	472,000	-345,000	-658,000	6,679,000	1,426,000	2,344,000	-16,000	8,541,000	3,086,000	6,961,000	2,059,000	6,967,000	3,496,000	3,711,000	3,468,000	8,436,000	18,750,000	5,172,000	3,713,000	3,244,000
purchase of equity investment	0	0
capital contributions to equity method investments	0	0	-2,000,000	-1,170,000	-7,634,000	-4,102,000	-3,189,000	-1,835,000	-1,624,000	-12,918,000	-9,961,000	-13,716,000	-24,289,000	-29,518,000	-21,649,000	-17,960,000	-10,172,000	-8,688,000			-3,658,000	0	0	-595,000	0	-1,000	0	-2,594,000	0	0	-715,000
proceeds from repayment of loans receivable					0	0	0	24,000,000	0				0								0	0	0	11,000,000
net cash from investing activities	-203,159,000	-215,135,000	-367,976,000	-173,870,000	-697,870,000	-48,858,000	-150,192,000	-236,972,000	-113,357,000	113,092,000	-318,346,000	-587,272,000	-33,106,000	-458,900,000	-331,471,000	-229,054,000	-513,461,000	-167,385,000	-809,415,000	-76,466,000	-262,081,000	-75,480,000	-92,539,000	-109,832,000	-101,515,000	-113,903,000	-153,192,000	-154,163,000	-250,097,000	-171,302,000	-40,145,000	-6,545,000	-17,736,000	199,586,000	-241,822,000	186,644,000	-308,823,000	94,195,000	-19,984,000	-102,252,000	-157,578,000	-365,371,000	-686,307,000	-85,539,000	4,001,000	127,619,000	152,879,000	-60,614,000	-70,905,000	-27,734,000	43,898,000	41,188,000	31,916,000	9,464,000	1,801,000	-2,681,000	-134,344,000	9,140,000	759,000	-10,918,000	-27,801,000	117,000	4,785,000	26,558,000	938,000	-14,175,000	6,165,000	6,779,000	-2,652,000	2,306,000	-14,968,000	-2,204,000	6,693,000	-30,569,000	-67,398,000	10,971,000	11,664,000	202,000
cash flows — financing activities
proceeds from unsecured revolving credit facility	785,498,000	863,591,000	875,025,000	591,044,000	90,612,000	270,155,000	230,835,000	637,587,000	333,682,000	397,288,000	801,637,000	1,018,971,000	619,194,000	763,242,000	421,653,000	275,331,000	640,327,000	272,095,000	737,692,000	350,525,000	241,291,000	258,018,000	170,872,000	348,977,000
repayments of unsecured revolving credit facility	-704,021,000	-1,170,746,000	-421,767,000	-443,243,000	-254,550,000	-63,188,000	-508,248,000	-740,453,000	-462,303,000	-400,298,000	-941,505,000	-635,648,000	-811,138,000	-699,388,000	-461,026,000	-196,840,000	-484,317,000	-286,448,000	-485,129,000	-407,975,000	-346,266,000	-98,283,000	-225,834,000	-466,643,000
dividends paid	-200,608,000	-198,329,000	-196,045,000	-195,050,000	-192,690,000	-191,646,000	-190,479,000	-190,331,000	-230,367,000	-229,992,000	-229,474,000	-226,697,000	-221,955,000	-205,574,000	-204,597,000	-203,131,000	-197,041,000	-194,655,000	-187,159,000	-185,426,000	-184,098,000	-182,241,000	-180,342,000	-180,274,000	-179,402,000	-177,545,000	-176,041,000	-171,408,000
repayment of senior unsecured notes	0	0	0	-450,000,000	0	-544,500,000
proceeds from issuance of senior unsecured notes	0				627,572,000	0							0				346,668,000	0	0	1,038,391,000					0	549,288,000			0					530,456,000	0				0	0	0	1,022,303,000	0	0	0	498,195,000
payments of mortgage principal	-51,536,000	-44,178,000	-106,535,000	-72,323,000	-41,293,000	-62,530,000	-58,407,000	-69,276,000
repayments of unsecured term loans
proceeds from unsecured term loans													0								0	0	0	298,974,000
payments for withholding taxes upon delivery of equity-based awards	0	-9,666,000	0	-5,207,000	0	-84,000	-4,000	-6,862,000	0	-61,000	-292,000	-13,326,000	0	-13,000	0	-6,599,000	-43,000	-2,000	-33,000	-3,744,000	-100,000	0	-261,000	-5,011,000		-23,000	-178,000	-15,565,000
contributions from noncontrolling interests	1,115,000	2,851,000			1,000	0			0	0	0	2,886,000													0	0	0	849,000	0			3,000	9,971,000	80,513,000	211,000	23,000	22,000	90,000	144,000	103,000	275,000	208,000	191,000	188,000	191,000	123,000	62,315,000	0	367,000	2,463,000	972,000	839,000	730,000	750,000	882,000	882,000	842,000	617,000	2,858,000	223,000	10,560,000	620,000	810,000	554,000	559,000	1,024,000
distributions to noncontrolling interests	-7,240,000	-203,000	-70,000	-50,000	-1,824,000	-321,000	-60,000	-50,000	-204,000	-2,779,000	-144,000	-136,000																																											-1,948,000	-2,488,000	-1,397,000	-1,425,000	-2,338,000	-578,000	-652,000	-792,000	-916,000	-1,115,000	-501,000	-2,973,000
payment of financing costs	-293,000	-3,151,000	-503,000	-331,000	-4,805,000	-901,000			821,000				-243,000				-3,094,000	-25,000	-379,000	-7,797,000	-4,207,000	-5,000	0	-9,993,000	-1,057,000	-3,401,000			0	-696,000	-3,590,000	-208,000	0	-12,464,000	-670,000	-2,694,000	-5,000	-250,000	0	8,000	-385,000	-10,501,000													-6,216,000	-731,000			-121,000	-782,000							0	-5,000	-1,000	-369,000	-33,000	-14,000	-1,234,000	-69,000	-786,000	-343,000	-255,000	-217,000
other financing activities	-2,280,000	1,386,000	6,036,000	-2,034,000	3,007,000	-3,467,000	-2,698,000	-9,653,000	2,487,000	-2,751,000	749,000	1,444,000	-2,942,000	6,125,000	3,213,000	2,443,000	2,354,000	2,000	2,345,000	-95,000	1,375,000	-379,000	652,000	7,269,000	1,178,000	2,979,000	155,000	1,238,000	18,000	-3,172,000	-137,000
proceeds from shares issued under forward equity, net of selling costs									383,979,000
proceeds in connection with the spin-off
net cash from financing activities	-179,365,000	-162,093,000	160,942,000	-581,194,000	226,030,000	-596,482,000	61,022,000	-379,038,000	321,982,000	-464,941,000	128,347,000	307,174,000	-306,170,000	257,526,000	70,834,000	35,697,000	251,183,000	-93,083,000	531,728,000	-132,780,000	100,687,000	-127,844,000	-151,013,000	-32,543,000	-277,048,000	921,000	-76,934,000	-104,717,000	163,195,000	1,834,000	-60,167,000	-132,300,000	-103,015,000	-314,413,000	39,349,000	-275,793,000	95,751,000	-102,111,000	-156,845,000	-53,326,000	43,910,000	318,798,000	244,001,000	302,043,000	-112,438,000	-90,466,000	-191,603,000	14,414,000	-32,534,000	-865,000	-206,502,000	135,744,000	-38,361,000	-4,173,000	-26,855,000	-2,939,000	87,176,000	-46,880,000	-16,333,000	1,150,000	12,066,000	1,569,000	-30,416,000	-46,045,000	-10,039,000	-4,775,000	-25,306,000	-20,594,000	-17,084,000	-7,805,000	-12,393,000	-13,240,000	-12,908,000	22,004,000	178,000	-21,850,000	-21,167,000	-23,779,000
change in cash and cash equivalents and restricted cash during the year
effect of exchange rate changes on cash and cash equivalents and restricted cash	707,000	165,000	11,571,000	8,779,000	-12,935,000	14,629,000	-6,231,000	-7,485,000	8,677,000	-2,867,000	-2,152,000	4,061,000	12,376,000	-4,751,000	-8,502,000	-1,844,000	-2,777,000	-2,462,000	1,089,000	-6,479,000	5,450,000	5,568,000	2,900,000	-4,550,000	6,760,000	-9,225,000	744,000	-2,350,000	-2,961,000	-8,065,000	3,073,000
net increase in cash and cash equivalents and restricted cash	-77,184,000	-76,573,000	208,520,000	-473,072,000	-188,428,000	-350,541,000	125,647,000	412,052,000	478,047,000	-72,363,000	55,456,000	6,690,000	-25,872,000			40,681,000				-27,281,000				32,772,000	-137,211,000			-118,384,000	50,982,000	-51,565,000	5,707,000
cash and cash equivalents and restricted cash, beginning of year
cash and cash equivalents and restricted cash, end of year
net realized and unrealized losses on equity securities, extinguishment of debt, foreign currency exchange rate movements, and other		26,085,000	138,879,000	29,944,000				674,000						34,943,000
deferred income tax expense		-1,214,000					-1,392,000	-1,373,000			-2,723,000	4,366,000
release of tenant-funded escrow for investing activities
repayments of term loans		0	0	-90,224,000
proceeds from term loans		0	0	86,224,000						0
change in cash and cash equivalents and restricted cash during the period
cash and cash equivalents and restricted cash, beginning of period		0	0	690,701,000		0	0	691,971,000		0	0	224,141,000		0	0	217,950,000		0	0	311,779,000		0	0	251,518,000		0	0	424,063,000	0	0	209,676,000
cash and cash equivalents and restricted cash, end of period		-76,573,000	208,520,000	217,629,000		-350,541,000	125,647,000	1,104,023,000		-72,363,000	55,456,000	230,831,000		49,520,000	-58,138,000	258,631,000		-36,281,000	-66,295,000	284,498,000		18,777,000	-80,298,000	284,290,000		127,118,000	-44,068,000	305,679,000	50,982,000	-51,565,000	215,383,000
purchase of equity method investment				-5,000,000
net realized and unrealized losses on extinguishment of debt, equity securities, foreign currency exchange rate movements, and other
impairment charges — investment management goodwill													0
asset management revenue received in shares of cpa:18 – global														0	0	-1,024,000
(release) receipt of tenant-funded escrow for investing activities					0	0
cash paid to stockholders of cpa:18 – global in the cpa:18 merger													0
cash and restricted cash acquired in connection with the cpa:18 merger													0
proceeds from redemption of wlt preferred stock and cash exchanged for wlt common stock
proceeds from repayment of short-term loans to affiliates													0	16,000,000	3,000,000	7,000,000	0	25,000,000	16,000,000	21,048,000	0	0	30,729,000	20,973,000	35,000,000				0	0	37,000,000	15,201,000	4,495,000	210,000,000	0	17,053,000	0	20,000,000	135,447,000																1,000,000
funding of short-term loans to affiliates													0	0	-8,000,000	-18,000,000	0	-10,000,000			-21,048,000	0	0	-5,433,000	-7,358,000	-18,854,000			0	0	-10,000,000	-75,000,000	-25,657,000	-22,835,000	-237,500,000	0	0	-20,000,000	-30,000,000																0	-2,000,000
proceeds from shares issued under our prior atm program, net of selling costs
decrease in allowance for credit losses							-1,094,000	-4,003,000		-2,484,000
net realized and unrealized gains on equity securities, extinguishment of debt, foreign currency exchange rate movements, and other											2,629,000	-4,755,000
investment deposit												-467,075,000
tenant-funded escrow for investing activities									-16,758,000	-8,070,000	0	29,787,000
losses from equity method investments														-11,304,000	-7,401,000	-4,772,000		-5,735,000
asset management revenue received in shares of managed programs
scheduled payments of mortgage principal									-45,858,000	-165,140,000	-48,501,000	-37,387,000	-75,682,000	-36,843,000	-8,268,000	-6,437,000	-13,277,000	-30,774,000	-6,036,000	-14,203,000	-34,414,000	-204,734,000	-15,481,000	-21,117,000	-116,542,000	-36,514,000	-16,998,000	-40,360,000	-24,710,000	-11,866,000	-22,472,000	-15,725,000	-30,364,000	-257,449,000	-47,684,000	-69,515,000	-25,964,000	-17,941,000	-35,906,000	-18,327,000	-17,848,000	-18,247,000	-108,227,000	-35,189,000	-44,897,000	-16,711,000	-231,001,000	-38,927,000	-19,224,000	-102,612,000			-7,905,000	-2,357,000	-2,434,000	-12,996,000	-2,603,000	-7,294,000		-1,896,000	-6,263,000	-4,059,000	-2,007,000	-2,286,000	-2,648,000	-2,593,000	-2,482,000	-2,498,000	-2,403,000	-2,295,000	-2,218,000	-6,135,000	-5,101,000	-2,618,000	-2,551,000	-3,486,000	-2,789,000	-2,916,000
prepayments of mortgage principal									-456,000	-46,512,000	0	-52,876,000	0	-1,000	-2,330,000	-8,050,000	-317,632,000	-585,000	-1,688,000	-425,219,000					-155,996,000	-379,482,000	-293,738,000	-199,579,000	0	0	-164,908,000	-56,771,000	-58,207,000	-42,392,000	-128,675,000	-125,534,000	-30,602,000	-36,894,000	-81,882,000				-4,721,000	-14,245,000	-85,004,000	-116,816,000
redemption of senior unsecured notes																	0	0	0	-617,442,000
proceeds from redemption of wlt preferred stock
investment in loan receivable														-805,000
proceeds from shares issued under atm program, net of selling costs											-137,000	249,943,000	0	-14,000	39,101,000	178,994,000	37,462,000	-6,000	162,292,000	140,220,000						131,397,000	88,303,000	303,831,000
net realized and unrealized (gains) losses on extinguishment of debt, equity securities, foreign currency exchange rate movements, and other
(earnings) losses from equity method investments
purchases of securities
proceeds from shares issued under equity forwards, net of selling costs													186,803,000
distributions paid to noncontrolling interests														-111,000	-51,000	-14,000	-41,000	-48,000	-41,000	-15,000	-46,000	-49,000	-506,000	-4,725,000	-492,000	-569,000	-126,000	-496,000	-5,393,000	-4,549,000	-5,224,000	-5,325,000	-5,324,000	-6,261,000	-3,612,000	-4,090,000	-3,244,000	-6,084,000	-4,597,000	-3,464,000	-4,298,000	-2,354,000	-4,452,000	-4,168,000	-5,895,000	-6,131,000	-51,632,000	-5,199,000	-5,996,000	-9,232,000			-173,000	-992,000
impairment charges															6,206,000	20,179,000	7,945,000				16,410,000	0	0	19,420,000	6,758,000				0	0	4,790,000				9,433,000	14,441,000			7,195,000	19,437,000	591,000	2,683,000	16,776,000	4,225,000			7,343,000	1,416,000	1,671,000	3,279,000	10,700,000	5,534,000	1,004,000	5,724,000	5,498,000	4,934,000			6,763,000	481,000	985,000	7,152,000	5,754,000	2,390,000			473,000				1,017,000					9,000	-9,000	3,357,000
change in allowance for credit losses															-1,753,000	773,000	7,003,000	-488,000
proceeds from redemption of securities															0	65,000,000
proceeds from term loan
proceeds from shares issued under our equity forwards, net of selling costs
net decrease in cash and cash equivalents and restricted cash																		-36,281,000				18,777,000
net realized and unrealized losses on equity securities, extinguishment of debt, foreign currency transactions, and other																-35,172,000
net realized and unrealized losses (gains) on extinguishment of debt, equity securities, foreign currency transactions, and other
asset management revenue received in shares of managed reits																	-3,076,000	-3,160,000	-3,154,000	-3,138,000	-3,057,000	-2,978,000	-3,551,000	-7,056,000
losses (earnings) from equity method investments
deferred income tax (benefit) expense
loss on change in control of interests																									0
investments in direct financing leases and loans receivable
proceeds from shares issued under forward sale agreements, net of selling costs																	239,817,000	147,363,000			0	99,829,000
net realized and unrealized gains on extinguishment of debt, equity securities, foreign currency transactions, and other
net realized and unrealized losses on extinguishment of debt, equity securities, foreign currency transactions, and other																			-2,579,000	42,360,000
equity in losses of equity method investments in the managed programs and real estate																				9,733,000		-1,720,000	-33,983,000	45,790,000
allowance for credit losses																				-1,358,000	11,946,000	8,407,000	-3,593,000	5,499,000											0	0	0	7,064,000
realized and unrealized gains on foreign currency transactions, derivatives, and other
equity in losses (earnings) of equity method investments in the managed programs and real estate
changes in assets and liabilities:
deferred structuring revenue received																					-111,000	833,000	421,000	1,537,000	909,000	660,000	763,000	2,581,000	2,214,000	1,540,000	4,080,000	5,329,000	3,255,000	6,672,000
increase in deferred structuring revenue receivable																					0	0	0	-88,000	-22,000	-26,000	-33,000	-540,000	-2,292,000	-1,851,000	-725,000	367,000	-2,664,000	-1,400,000
cash and restricted cash acquired in connection with the cpa:17 merger
cash paid to stockholders of cpa:17 – global in the cpa:17 merger
repurchase of shares in connection with cpa:17 merger
realized and unrealized losses on foreign currency transactions, derivatives, and other																						-54,256,000	946,000	7,275,000	-37,428,000	20,990,000	8,468,000	7,504,000	-4,963,000	-8,597,000	4,267,000
investment management revenue received in shares of managed reits and other																									-7,504,000	-7,694,000	-7,676,000	-7,681,000	-9,256,000	-14,288,000	-16,505,000
equity in earnings of equity method investments in the managed programs and real estate																									-8,018,000	-5,769,000	-3,951,000	-5,491,000	-18,363,000	-12,558,000	-15,325,000	-16,318,000	-15,728,000	-15,774,000	-16,476,000	-16,803,000
proceeds from senior unsecured credit facility																									404,504,000	405,499,000	381,596,000	145,225,000	389,548,000	300,026,000	292,964,000	180,000,000	230,764,000	778,827,000	433,589,000	145,000,000	385,000,000	190,568,000	286,102,000	274,543,000	192,916,000	291,206,000
repayments of senior unsecured credit facility																									-228,997,000	-490,708,000	-378,996,000	-128,452,000	-85,973,000	-168,173,000	-650,722,000	-125,000,000	-165,000,000	-1,267,814,000	-116,431,000	-562,608,000	-144,967,000	-130,000,000	-225,600,000	-190,654,000	-36,183,000	-877,685,000
proceeds from shares issued under “at-the-market” offering, net of selling costs																																969,000			-30,000	65,203,000
payments for withholding taxes upon delivery of equity-based awards and exercises of stock options																													65,000	-22,000	-13,883,000	-264,000	-340,000	-10,819,000	-348,000	-7,493,000	-1,098,000	-7,352,000	-2,299,000	-1,041,000	-152,000	-15,250,000	-580,000	-314,000	-389,000	-15,882,000	8,000	-1,049,000
proceeds from mortgage financing																													0	0	857,000				0				0	4,889,000	9,501,000	8,277,000	8,024,000	5,780,000	1,440,000	5,110,000	2,567,000	14,000,000	0	99,000,000	22,500,000	0			24,643,000	13,410,000	6,303,000	1,135,000		46,501,000
proceeds from repayment of loan receivable																										133,000
deferred income taxes																													3,836,000	3,196,000	-12,155,000	-1,234,000	-1,383,000	-5,550,000	-2,350,000	-1,545,000	-14,522,000	-3,027,000																																					2,206,000	535,000	927,000	-2,048,000
capital expenditures on corporate assets																													-140,000	-201,000	-47,000	-96,000	-154,000	-99,000	-170,000	-43,000	-42,000	-761,000	-839,000	-1,170,000	-1,430,000	-882,000
funding for real estate construction, redevelopments, and other capital expenditures on owned real estate
distributions paid																														-109,785,000	-109,407,000	-108,272,000	-107,366,000	-106,751,000	-106,146,000	-104,587,000	-103,683,000	-102,239,000	-101,350,000	-101,290,000	-101,055,000	-99,860,000	-98,984,000	-90,606,000	-90,153,000	-68,159,000	-59,442,000	-58,030,000	-57,177,000	-45,746,000			-23,221,000	-22,792,000	-22,754,000	-22,211,000	-20,590,000	-20,259,000	-19,966,000	-20,135,000	-20,008,000	-32,482,000	-19,831,000	-19,727,000	-19,473,000	-19,587,000	-19,713,000	-19,319,000	-19,087,000	-29,581,000	-18,176,000	-18,230,000	-17,718,000	-17,484,000	-17,025,000	-17,234,000	-17,391,000	-16,965,000
straight-line rent																															-3,722,000	-4,541,000	-4,241,000	-4,729,000
funding for real estate construction and redevelopments																															-17,236,000
other capital expenditures on owned real estate																															-3,312,000
proceeds from issuance of unsecured senior notes																															616,355,000	0
distributions of earnings from equity investments																																16,775,000	15,742,000	16,848,000	16,347,000	15,938,000
realized and unrealized losses on foreign currency transactions, derivatives, extinguishment of debt, and other																																6,349,000
proceeds from sale of real estate																																58,694,000	19,625,000	24,184,000		192,292,000	96,886,000	103,689,000	6,608,000	4,933,000	10,897,000	13,119,000								11,065,000	40,618,000	7,391,000	22,773,000	2,422,000	1,518,000	355,000	1,456,000	9,187,000		5,391,000	2,568,000	6,632,000			1,910,000	1,925,000
funding for real estate construction and expansions																																-12,911,000
capital expenditures on owned real estate																																-6,130,000	-3,369,000	-1,320,000	-780,000	-2,551,000	-461,000	-4,092,000	-999,000	-1,390,000	8,763,000	-10,789,000
change in investing restricted cash																																7,183,000	1,836,000	569,000	7,413,000	1,432,000	9,417,000	-3,074,000	2,003,000	-7,085,000	24,840,000	6,852,000	5,488,000
return of capital from equity investments																																2,646,000	2,324,000	1,512,000	2,976,000	1,348,000
capital contributions to equity investments in real estate																																-1,000			-141,000	0	-1,000	-5,000	-326,000
deconsolidation of affiliate																																			0
investment in assets of affiliate																																			0	0
proceeds from limited partnership units issued by affiliate																																			0
change in financing restricted cash																																-2,676,000	838,000	-259,000	1,683,000	244,000	174,000	633,000	595,000	-10,064,000	-517,000	175,000	1,000
proceeds from exercise of stock options and purchases under the employee share purchase plan																																0
change in cash and cash equivalents during the period
effect of exchange rate changes on cash and cash equivalents
net increase in cash and cash equivalents																																-1,817,000	18,753,000	-2,648,000	-54,001,000	36,178,000	-93,759,000	109,837,000	-34,091,000	-42,311,000	26,238,000	8,708,000	-331,593,000	315,305,000	16,024,000	81,428,000	23,899,000	30,855,000	-48,799,000	-12,340,000	-112,840,000	196,944,000	9,087,000	1,416,000	-7,798,000	10,634,000	-7,617,000	-30,615,000	18,443,000	6,801,000	6,353,000	14,646,000	-558,000	-4,461,000	1,884,000	4,786,000	-3,686,000	6,066,000	-3,206,000	5,488,000	-4,931,000	-1,982,000	5,750,000	-8,808,000	4,109,000	2,406,000	760,000	1,819,000
cash and cash equivalents, beginning of period																																0	0	155,482,000		0	0	157,227,000		0	0	198,683,000		0	0	117,519,000		0	0	123,904,000		0	0	29,297,000		0	0	64,693,000		0	0	18,450,000		0	0	16,799,000		0	0	12,137,000		0	0	22,108,000
cash and cash equivalents, end of period																																-1,817,000	18,753,000	152,834,000		36,178,000	-93,759,000	267,064,000		-42,311,000	26,238,000	207,391,000		315,305,000	16,024,000	198,947,000		30,855,000	-48,799,000	111,564,000		196,944,000	9,087,000	30,713,000		10,634,000	-7,617,000	34,078,000		6,801,000	6,353,000	33,096,000		-4,461,000	1,884,000	21,585,000		6,066,000	-3,206,000	17,625,000		-1,982,000	5,750,000	13,300,000
management income received in shares of managed reits and other																																	-16,277,000	-15,602,000	-9,698,000	-8,115,000	-7,034,000	-6,939,000	-6,458,000	-6,109,000	-5,711,000	-4,988,000		-9,888,000
effect of exchange rate changes on cash																																	4,310,000	112,000	-7,766,000	8,000	-3,829,000	4,681,000	-3,636,000	-1,584,000	-8,773,000	-12,092,000	-11,225,000	-9,716,000	-480,000	579,000	1,042,000	2,181,000	662,000	-1,216,000			-333,000	185,000	-208,000	-411,000	250,000	439,000	-132,000	592,000	-580,000	-663,000	-88,000	326,000	584,000	-546,000	-300,000	-392,000	70,000	228,000	-148,000	217,000	38,000	36,000	249,000	-10,000	45,000	49,000
realized and unrealized loss on foreign currency transactions, derivatives, extinguishment of debt, and other																																		3,120,000			1,712,000	-3,914,000
funding for real estate construction and expansion																																		-13,039,000	-14,683,000	-23,444,000
proceeds from repayments of note receivable																																		223,000	116,000	0	98,000	195,000
straight-line rent, amortization of rent-related intangibles, and deferred rental revenue																																			6,420,000	6,447,000	8,928,000	-36,309,000
realized and unrealized (gains) losses on foreign currency transactions, derivatives, extinguishment of debt, and other
amortization of deferred other revenue
deferred acquisition revenue received																																			2,534,000	6,328,000	4,273,000	7,560,000	3,364,000	6,021,000	5,346,000	8,738,000		1,540,000	4,684,000	6,469,000	5,137,000	1,094,000	3,841,000	8,561,000	4,042,000	3,695,000	4,600,000	8,722,000	3,418,000	2,666,000	4,359,000	11,103,000	1,956,000	2,200,000	2,197,000	14,851,000												13,882,000				12,543,000
increase in structuring revenue receivable																																			-3,641,000	-1,012,000	-2,032,000	-2,266,000	-7,753,000	-3,678,000	-11,251,000	-6,645,000	-10,315,000	-2,556,000	-2,721,000	-8,121,000	-9,821,000	-1,682,000	-848,000	-1,437,000			-990,000	-3,916,000	-1,805,000	-8,510,000	-1,917,000	-7,305,000	-10,337,000	-548,000	-6,108,000	-3,244,000	-3,476,000	-2,780,000	-431,000	-4,985,000	-1,667,000			-1,672,000	-5,644,000	-5,297,000	-44,798,000	-158,000	-420,000	0	0	-3,039,000
value added taxes paid in connection with acquisition and construction of real estate																																			-3,546,000
cash acquired in connection with the cpa®:16 merger																																											0	0	0	65,429,000
purchase of securities
cash paid to stockholders of cpa®:16 – global in the cpa®:16 merger																																											0	0	0	-1,338,000
windfall tax benefit associated with stock-based compensation awards																																							5,494,000	504,000	1,248,000	5,276,000	192,000	0	0	5,449,000	1,203,000	58,000	792,000	10,764,000	1,320,000	2,258,000	2,010,000	4,597,000	518,000	1,179,000
proceeds from exercise of stock options and employee purchases under the employee share purchase plan																																			278,000	68,000	130,000	6,000	155,000	104,000
proceeds from issuance of shares in public offering																																											-424,000
repurchase of shares
change in cash and cash equivalents during the year
cash and cash equivalents, beginning of year																																																																													0	13,014,000
cash and cash equivalents, end of year																																																																													760,000	14,833,000
realized and unrealized gain on foreign currency transactions, derivatives, extinguishment of debt, and other
equity in earnings of equity method investments in the managed programs and real estate in excess of distributions received																																						464,000		-1,359,000	-1,748,000	331,000
investment in real estate under construction																																						-2,562,000	-64,000	-6,338,000
distributions received from equity investments in the managed programs and real estate in excess of equity income																																						1,935,000	2,402,000	2,415,000	1,910,000	1,473,000
realized and unrealized (gain) loss on foreign currency transactions, derivatives, extinguishment of debt, and other
equity in losses (earnings) of equity method investments in the managed programs and real estate in excess of distributions received
proceeds from repayment of note receivable																																							183,000	294,000	-6,000	9,970,000
straight-line rent and amortization of rent-related intangibles																																								8,187,000	9,429,000	10,364,000	9,614,000	11,879,000	12,853,000	10,497,000	5,649,000	6,038,000
amortization of deferred revenue																																											0	0	0	-786,000	-2,359,000	-2,359,000	-2,359,000	-2,359,000			-2,359,000	-2,359,000	-2,359,000	-2,359,000
purchase of treasury stock from related party																																												-2,000	1,000	-678,000	0	0
realized and unrealized gain on foreign currency transactions, derivatives, extinguishment of debt and other																																									7,393,000	-5,941,000
funding of loans to affiliates
capital contribution to equity investments in real estate
proceeds from repayment of short-term loan to affiliate
capital contributions to equity investments																																											-25,000,000	-9,000	-6,000	-453,000	0	-490,000	-37,000	-1,418,000			-90,000	-90,000	0	0	0	-2,297,000										-524,000	-324,000	-513,000
proceeds from exercise of stock options																																													1,093,000	91,000				25,000
management and disposition income received in shares of managed reits and other
(gain) loss on sale of real estate
unrealized gain on derivatives and other
equity in earnings of equity method investments in real estate and the managed reits in excess of distributions received
realized (gain) loss on extinguishment of debt and other
increase in current and deferred income taxes payable
deferred acquisition fees received																																																																												0
decrease (increase) in prepaid taxes
purchases of real estate and equity investments in real estate																																														-40,986,000									8,000	0			-3,825,000	-18,155,000	-27,321,000	-47,583,000	0	45,000	-26,000	-39,651,000	-17,000	0	0	-184,000	-39,646,000	-464,000	-12,671,000	-27,710,000
proceeds from sale of real estate and equity investments																																											4,578,000	369,000	175,700,000	105,095,000	114,805,000	7,593,000
distributions received from equity investments in real estate and the managed reits in excess of equity income																																											3,044,000	1,168,000	919,000	7,970,000	25,036,000	11,075,000	9,952,000	11,955,000
proceeds from repayment of short-term loan to affiliates
funding of short-term loan to affiliates
cash paid to stockholders of cpa®:15 in the cpa®:15 merger
cash acquired in connection with the cpa®:15 merger
proceeds from senior credit facilities
repayments of senior credit facilities
payment of financing costs and mortgage deposits, net of deposits refunded																																											-134,000	5,000	-298,000	-11,894,000	-166,000	-1,897,000	265,000	-570,000
purchase of treasury stock from related parties
unrealized loss on foreign currency transactions, derivative instruments and other
income from equity investments in real estate and the managed reits in excess of distributions received																																												-100,000	-593,000	-1,222,000		200,000	-21,347,000	-991,000
realized loss on extinguishment of debt and other																																												-66,000
decrease in income taxes																																																-2,166,000						-5,663,000				-1,956,000	8,173,000	-3,345,000				-2,683,000						-608,000
increase in prepaid taxes																																																	-422,000	-15,721,000
capital expenditures	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-14,237,000	-7,983,000	-5,494,000	-3,875,000	-4,358,000	-3,980,000	-1,826,000	0	0	-331,000	-1,481,000	-6,508,000	-5,356,000	-495,000	-880,000	-3,127,000	-356,000	-1,032,000	-620,000	-1,665,000	819,000	-2,891,000	-4,038,000	-5,696,000	-1,900,000	-3,807,000	-2,648,000	-4,219,000	-4,407,000	-3,480,000	-3,881,000	-743,000	-320,000	-3,200,000	-674,000
free cash flows	304,633,000	300,490,000	403,983,000	273,213,000	296,347,000	280,170,000	221,048,000	1,035,547,000	260,745,000	282,353,000	247,607,000	282,727,000	301,028,000	255,645,000	211,001,000	235,882,000	301,083,000	226,649,000	210,303,000	188,444,000	244,954,000	216,533,000	160,354,000	179,697,000	234,592,000	249,325,000	185,314,000	142,846,000	140,845,000	125,968,000	102,946,000	134,616,000	135,194,000	112,067,000	156,238,000	125,319,000	123,142,000	113,072,000	146,374,000	114,851,000	148,679,000	67,373,000	121,938,000	94,280,000	116,958,000	38,202,000	57,706,000	70,516,000	49,998,000	15,649,000	48,904,000	19,934,000	15,534,000	-5,541,000	10,956,000	11,309,000	38,806,000	5,806,000	31,022,000	15,621,000	21,636,000	13,003,000	23,496,000	15,519,000	7,510,000	20,244,000	10,059,000	18,373,000	12,653,000	8,111,000	18,359,000	8,838,000	8,447,000	-4,160,000	70,337,000	12,975,000	7,018,000	24,673,000
funding of short-term loan to affiliate
purchase of securities for the defeasance of debt																																												0	0	-7,664,000
repayments of senior credit facility																																												-85,000,000	-30,000,000	-1,280,000,000	-65,000,000	-250,000,000	-88,000,000	-10,000,000
proceeds from senior credit facility and unsecured term loan																																												242,659,000	141,244,000	901,383,000	150,000,000
proceeds from exercise of stock options and employee purchase under the employee purchase plan
unrealized gain on foreign currency transactions and other																																																		-1,002,000
increase in income taxes																																													-2,803,000	-9,735,000									-5,663,000	-10,349,000						-6,682,000				971,000	-1,552,000	-2,564,000			-6,669,000	5,663,000	20,588,000	-17,786,000
decrease in prepaid taxes																																													3,062,000	2,659,000																														-80,000	573,000	706,000
funds placed in escrow																																													-201,975,000	-40,395,000	-61,097,000	-89,032,000	-46,865,000	-27,128,000			-4,855,000	-722,000	-1,453,000	-1,383,000	-4,262,000	363,000
funds released from escrow																																													95,213,000	44,041,000	76,491,000	95,162,000	44,787,000	50,749,000	24,292,000	5,893,000	5,693,000	1,954,000	258,000	296,000	2,178,000	-148,000
loan to affiliate																																																																												0
proceeds from repayment of short-term loans																																													75,000	1,080,000
loss on sale of real estate																																														-3,176,000				931,000												-404,000				135,000
unrealized gain on derivative instruments and others																																														-1,583,000
realized loss on extinguishment of debt and others																																														2,301,000
management and disposition income received in shares of managed reits																																														-8,207,000
(return) receipt of tenant security deposits																																														-428,000
(income) income from equity investments in real estate and the managed reits in excess of distributions received
gain on deconsolidation of a subsidiary																																																							0
unrealized (gain) loss on derivatives and others
realized gain on extinguishment of debt and others
gain on conversion of shares																																																							28,000	-28,000
stock-based compensation expenses
purchase of interests in cpa®:16 – global
value added taxes, or vat, refunded in connection with acquisition of real estate
purchase of noncontrolling interest																																																							0	0
proceeds from exercise of stock options and employee purchase under the employee share purchase plan																																															342,000	0
realized loss on foreign currency transactions and other																																																-145,000	81,000	100,000												221,000
management income received in shares of managed reits																																																-6,494,000	-10,273,000	-9,942,000
(increase) decrease in prepaid taxes
funding of short-term loan to an affiliate
return of tenant security deposits
unrealized loss on foreign currency transactions and others																																																									-161,000	-210,000	157,000	-717,000	252,000	608,000
proceeds from senior credit facility																																																	175,000,000	55,000,000	85,000,000
straight-line rent, financing lease adjustments and amortization of rent-related intangibles																																																		4,459,000
(decrease) increase in income taxes																																																		-4,144,000
payment of tax withholding liability related to stock-based compensation awards																																																						-2,553,000
unrealized (gain) loss on foreign currency transactions and others
realized gain on foreign currency transactions and others																																																						-75,000
allocation of loss to profit-sharing interest
cash paid to stockholders of cpa®:15 in the merger
cash acquired in connection with the merger																																																			0
purchase of interests in cpa®:16 — global
value added taxes (“vat”) paid in connection with acquisition of real estate
vat refunded in connection with acquisitions of real estate																																																							0
cash acquired on acquisition of subsidiaries																																																							0	0
proceeds from sale of securities																																																			58,000	116,000	187,000	11,000	41,000	0	657,000	120,000
contributions from profit-sharing interest																																																											0
distributions to profit-sharing interest																																																											0
proceeds from issuance of shares																																																			45,680,000	272,000	1,443,000	4,249,000	454,000	16,000			187,000	2,738,000			151,000	482,000			2,108,000	8,499,000	1,833,000	10,910,000	16,150,000	615,000	2,917,000	1,000,000	2,409,000	2,599,000	2,329,000	1,323,000
income from equity investments in real estate and the reits in excess of distributions received																																																								-1,058,000	-42,000	265,000
straight-line rent and financing lease adjustments																																																					-881,000	-1,135,000	-1,659,000	-653,000	-1,013,000	-373,000	142,000	-285,000
unrealized gain on foreign currency transactions and others																																																						-212,000
realized loss on foreign currency transactions and others																																																				59,000					-975,000	-213,000		33,000
management and disposition income received in shares of affiliates																																																							-11,443,000
cash paid to shareholders of cpa®:15 in connection with the merger
distributions received from equity investments in real estate and the reits in excess of equity income																																																				11,332,000	8,539,000	7,370,000	6,937,000	-628,000	11,703,000	2,795,000
income from equity investments in real estate and the reits (in excess of) less than distributions received																																																					-15,297,000	-1,716,000
management income received in shares of affiliates																																																					-7,116,000	-6,889,000			-42,059,000	-10,083,000	-8,973,000	-8,918,000	-8,812,000	-8,532,000	-8,270,000	-8,037,000	-8,518,000	-6,896,000	-10,480,000	-10,184,000	-9,990,000	-10,063,000	-12,120,000	-11,687,000	-23,261,000	-8,467,000	-7,299,000	-7,905,000	-7,924,000	-7,892,000
proceeds from line of credit																																																					0	15,000,000				90,000,000	0	0
repayments of line of credit
(payment) refund of financing costs																																																						-75,000
loss from equity investments in real estate and the reits in excess of distributions received
gain on extinguishment of debt																																																															0	0	0	-6,991,000
allocation of earnings to profit-sharing interest																																																											0
vat paid in connection with acquisition of real estate																																																											0	0
proceeds from transfer of profit-sharing interest
proceeds from lines of credit																																																							0	20,000,000
repayments of lines of credit																																																							-20,000,000
proceeds from loans from affiliates
repayments of loans from affiliates
repurchase and retirement of shares																																																															0	0	-200,000	-10,486,000	-10,279,000	0	0	-5,134,000	-4,421,000	-19,066,000
realized (gain) loss on foreign currency transactions and others
depreciation and amortization including intangible assets and deferred financing costs																																																									7,325,000	5,457,000	5,947,000	6,119,000	5,974,000	6,403,000	6,091,000	5,628,000	7,234,000	5,523,000	6,785,000	6,906,000	6,918,000	6,588,000	6,181,000	6,631,000	7,201,000	7,308,000	8,450,000	6,132,000	6,489,000	6,136,000
purchase of interests in cpa®: 16 — global
proceeds from repayment of short-term loans from affiliates
payments of lines of credit
prepayments of line of credit																																																										-110,000,000	0	-30,000,000
refund (payment) of financing costs and mortgage deposits																																																										53,000
windfall tax benefits (provision) associated with stock-based compensation awards																																																										293,000
loss from equity investments in real estate and cpa® reits in excess of distributions received
gain on sale of real estate and investment in direct financing lease
gain on lease termination
decrease in settlement provision																																																																				0	0	-29,979,000
distributions received from equity investments in real estate and cpa® reits in excess of equity income																																																											8,794,000	2,202,000	2,206,000	5,556,000	5,185,000	26,311,000	1,945,000	5,661,000	12,286,000	4,141,000	1,599,000	1,826,000
vat refunded in connection with acquisition of real estate
proceeds from sale of real estate, net investment in direct financing lease and securities
funds placed in escrow in connection with the sale of property																																																																							-16,200,000	25,000
funds released from escrow in connection with the sale of property																																																											488,000	0	0	36,132,000					0	0	0	636,000
payment of deferred acquisition revenue to affiliate																																																																			0	0			0	0	12,000	-536,000
scheduled payments of non-recourse debt
prepayments of non-recourse debt
proceeds from non-recourse debt financing
funds placed in escrow in connection with financing
windfall tax benefits associated with stock-based compensation awards																																																											1,128,000	1,385,000			-132,000	33,000	1,074,000	-832,000
income from equity investments in real estate and cpa® reits in excess of distributions received																																																												569,000	-1,412,000	-4,530,000		-1,146,000	-1,397,000	-1,760,000		700,000	-603,000	-1,321,000
allocation of earnings to profit sharing interest																																																													-202,000	-171,000	-76,000
proceeds from transfer of profit sharing interest																																																															0	0	0	21,928,000
distributions to profit sharing interest																																																															-273,000	-1,938,000	0	-3,434,000
proceeds from credit facility																																																														51,500,000
prepayments of credit facility																																																														-12,500,000
payment of financing costs, net of deposits refunded																																																														-195,000	-13,000	-43,000
windfall tax provision associated with stock-based compensation awards																																																														-523,000
gains on sale of real estate and investment in direct financing lease
unrealized loss on foreign currency transactions, warrants and securities																																																															83,000				2,332,000								-347,000
realized gain on foreign currency transactions and other																																																															3,000	-134,000	-57,000	-69,000
decrease in deferred acquisition revenue receivable
increase in settlement provision
capital contributions made to equity investments in real estate
proceeds from sales of real estate, net investment in direct financing lease and securities
loans to affiliates
proceeds from repayment of loans to affiliates
vat refunded on purchase of real estate																																																																			0	0	0	3,189,000
purchase of noncontrolling interests
proceeds from credit facilities
prepayments of credit facilities
repayment of loans from affiliates
decrease in deferred acquisition revenue received																																																																232,000	1,083,000	21,794,000	1,571,000	50,233,000	-50,233,000	46,695,000
proceeds from sale of real estate and securities
proceeds from mortgages and credit facilities																																																																31,494,000	37,500,000	90,000,000	16,469,000	21,031,000	20,000,000	81,937,000	39,000,000	31,766,000	64,558,000	54,059,000
prepayments of mortgage principal and credit facilities																																																																-53,500,000	-26,418,000	-57,518,000	-9,145,000	-28,698,000	-17,966,000	-55,763,000	-44,500,000	-2,333,000	-55,257,000	-13,000,000
proceeds from loan from affiliates																																																																1,000	0	1,624,000
repayment of loan from affiliates																																																																			0	0	0	-7,569,000
adjustments to reconcile net income to net cash from operating activities:
allocation of income to profit sharing interest																																																																	177,000	3,698,000
unrealized gain on foreign currency transactions, warrants and securities																																																																	-247,000	208,000			285,000	-1,488,000		-966,000	-153,000	-160,000
gains on sale of direct financing lease
gains on sale of real estate and investments																																																																											-10,159,000	185,000
minority interest in income																																																																			62,000	103,000	304,000	89,000	5,510,000	555,000	3,141,000	331,000	244,000	-40,000	-254,000	862,000
realized gain on foreign currency transactions, warrants and securities																																																																			-683,000
contributions from minority interests																																																																			625,000	637,000	762,000	558,000	522,000	493,000	482,000	206,000	699,000	485,000	655,000	506,000
distributions to minority interests																																																																			-3,948,000	-330,000	-364,000	-965,000	-6,873,000	-353,000	-365,000	-577,000	-811,000	-340,000	-4,939,000	-136,000
release of funds from escrow in connection with the financing of properties																																																																											0	0	0	4,031,000
gain on sale of direct financing lease
proceeds from repayment of loan to affiliate																																																																												0
proceeds from sales of real estate and securities
excess tax benefits associated with stock-based compensation awards																																																																				89,000	142,000	466,000	587,000	17,000
realized gain on foreign currency transactions																																																																					-242,000	-1,323,000		-63,000	-16,000	-26,000			-17,000	-85,000
decrease in structuring revenue receivable
adjustments to reconcile net income to net cash from operating activities
recognition of deferred gain on completion of development project
realized loss on foreign currency transactions																																																																											-346,000
costs paid by issuance of shares
settlement provision
tax charge — share incentive plan
proceeds from sales of property and investments																																																																							36,200,000	0			17,703,000	9,879,000
release of funds from escrow in connection with the sale of property																																																																										465,000
income from equity investments in real estate in excess of distributions received																																																																								-7,641,000	-1,596,000	-32,000	164,000
gain on sale of real estate and investments
decrease in deferred structuring revenue receivable
distributions received from equity investments in real estate in excess of equity income																																																																								2,642,000	20,623,000	1,093,000	8,617,000
excess tax benefits associated with stock based compensation awards																																																																										487,000	433,000	-1,446,000	920,000	719,000
cash flows from operating activities:
impairment charges and loan losses
increase in accrued income taxes																																																																														5,671,000
decrease in prepaid income taxes
tax charge – share incentive plan
cash flows from investing activities:
purchase of investment																																																																											0	0
cash flows from financing activities:
proceeds from mortgages and credit facility																																																																											91,501,000	28,000,000	45,000,000	10,000,000
prepayments of mortgage principal and credit facility																																																																											-73,689,000	-30,000,000	-43,971,000	-19,000,000
amortization of unearned compensation
decrease in accrued income taxes																																																																												-17,000
payment of deferred acquisition revenue to an affiliate																																																																												0	0	-524,000
funds placed in escrow in connection with the sale of property and investments																																																																												-151,000
retirement of shares																																																																												-1,453,000	0	-482,000
supplemental cash flow information:
interest paid, net of amounts capitalized																																																																												4,850,000
income taxes paid																																																																												5,712,000
income from equity investments in excess of distributions received																																																																													45,000	-247,000
unrealized loss on foreign currency transactions and warrants																																																																													-412,000	-165,000
distributions received from equity investments in excess of equity income																																																																													1,706,000	1,400,000
depreciation and amortization of intangible assets and deferred financing costs
distribution received in excess of accumulated earnings and equity income in excess of distributions
gain on sales of real estate and securities
unrealized gain on foreign currency transactions and warrants
increase in accrued taxes payable
tax charge — share incentive plans
capital distributions from equity investment
purchases of real estate and equity investments
release of funds from escrow in connection with the sale of a property
cash acquired on acquisition of subsidiary

W. P. Carey Inc(NYSE:WPC)

W. P. Carey Inc
(NYSE:WPC)