Exhibit 99.2
Item 6. Selected Financial Data.
The following selected financial data should be read in conjunction with the consolidated financial statements and related notes in Item 8 (in thousands, except per share data):
Years ended December 31, | ||||||||||||||||||||
2010 | 2009 | 2008 | 2007 | 2006 | ||||||||||||||||
Operating Data(a) | ||||||||||||||||||||
Revenues from continuing operations(b) | $ | 272,411 | $ | 231,071 | $ | 233,424 | $ | 252,539 | $ | 257,167 | ||||||||||
Income from continuing operations | 80,747 | 64,467 | 69,426 | 67,806 | 80,294 | |||||||||||||||
Net income | 74,951 | 70,568 | 78,605 | 88,789 | 87,115 | |||||||||||||||
Add: Net loss (income) attributable to noncontrolling interests | 314 | 713 | 950 | (4,781 | ) | 220 | ||||||||||||||
Less: Net income attributable to redeemable noncontrolling interests | (1,293 | ) | (2,258 | ) | (1,508 | ) | (4,756 | ) | (1,032 | ) | ||||||||||
Net income attributable to W. P. Carey members | 73,972 | 69,023 | 78,047 | 79,252 | 86,303 | |||||||||||||||
Basic Earnings Per Share: | ||||||||||||||||||||
Income from continuing operations attributable W. P. Carey members | 2.01 | 1.59 | 1.75 | 1.53 | 2.11 | |||||||||||||||
Net income attributable to W. P. Carey members | 1.86 | 1.74 | 1.98 | 2.08 | 2.29 | |||||||||||||||
Diluted Earnings Per Share: | ||||||||||||||||||||
Income from continuing operations attributable W. P. Carey members | 2.01 | 1.59 | 1.72 | 1.53 | 2.05 | |||||||||||||||
Net income attributable to W. P. Carey members | 1.86 | 1.74 | 1.95 | 2.05 | 2.22 | |||||||||||||||
Cash distributions declared per share | 2.03 | 2.00 | (c) | 1.96 | 1.88 | (c) | 1.82 | |||||||||||||
Balance Sheet Data | ||||||||||||||||||||
Net investments in real estate(d) | $ | 946,975 | $ | 884,460 | $ | 918,741 | $ | 918,734 | $ | 850,107 | ||||||||||
Total assets | 1,172,326 | 1,093,336 | 1,111,136 | 1,153,284 | 1,093,010 | |||||||||||||||
Long-term obligations(e) | 396,982 | 326,330 | 326,874 | 316,751 | 279,314 | |||||||||||||||
Other Information | ||||||||||||||||||||
Cash provided by operating activities | $ | 86,417 | $ | 74,544 | $ | 63,247 | $ | 47,471 | $ | 119,940 | ||||||||||
Cash distributions paid | 92,591 | 78,618 | 87,700 | 71,608 | 68,615 | |||||||||||||||
Payment of mortgage principal(f) | 14,324 | 9,534 | 9,678 | 16,072 | 11,742 |
(a) | Certain prior year amounts have been reclassified from continuing operations to discontinued operations. | |
(b) | For 2007, includes revenue earned in connection with CPA®:16 — Global meeting its performance criterion, and for 2006, includes revenue earned in connection with a CPA® REIT merger transaction. | |
(c) | Excludes special distributions of $0.30 per share and $0.27 per share paid in January 2010 and January 2008 to shareholders of record at December 31, 2009 and December 31, 2007, respectively. | |
(d) | Net investments in real estate consists of net investments in properties, net investments in direct financing leases, equity investments in real estate and CPA® REITs and assets held for sale, as applicable. | |
(e) | Represents mortgage and note obligations. | |
(f) | Represents scheduled mortgage principal payment. |