Corporate Property Associates 16 Global Inactive
Filed: 15 Nov 13, 12:00am
Exhibit 99.1
Filed pursuant to Rule 425 under the Securities Act of 1933, as amended, and deemed filed pursuant to Rule14a-12 under the
Securities Exchange Act of 1934, as amended
Filing Person: W. P. Carey Inc.
Subject Company: Corporate Property Associates 16 – Global Incorporated
Commission File No.: 001-32162
Item 6. Selected Financial Data.
The following selected financial data should be read in conjunction with the consolidated financial statements and related notes in Item 8 (in thousands, except per share data):
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| Years Ended December 31, |
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| 2012 |
| 2011 |
| 2010 |
| 2009 |
| 2008 |
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Operating Data (a) |
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Revenues from continuing operations (b) (c) |
| $ | 368,865 |
| $ | 324,122 |
| $ | 257,179 |
| $ | 213,801 |
| $ | 215,479 |
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Income from continuing operations (b) (c) |
| 90,355 |
| 154,062 |
| 85,181 |
| 61,176 |
| 64,542 |
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Net income |
| 62,779 |
| 139,138 |
| 74,951 |
| 70,568 |
| 78,605 |
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Add: Net (income) loss attributable to noncontrolling interests |
| (607) |
| 1,864 |
| 314 |
| 713 |
| 950 |
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Add: Net income attributable to redeemable noncontrolling interests |
| (40) |
| (1,923) |
| (1,293) |
| (2,258) |
| (1,508) |
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Net income attributable to W. P. Carey |
| 62,132 |
| 139,079 |
| 73,972 |
| 69,023 |
| 78,047 |
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Basic Earnings Per Share: |
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Income from continuing operations attributable W. P. Carey |
| 1.88 |
| 3.81 |
| 2.12 |
| 1.50 |
| 1.62 |
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Net income attributable to W. P. Carey |
| 1.30 |
| 3.44 |
| 1.86 |
| 1.74 |
| 1.98 |
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Diluted Earnings Per Share: |
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Income from continuing operations attributable W. P. Carey |
| 1.85 |
| 3.78 |
| 2.11 |
| 1.50 |
| 1.60 |
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Net income attributable to W. P. Carey |
| 1.28 |
| 3.42 |
| 1.86 |
| 1.74 |
| 1.95 |
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Cash distributions declared per share (d) |
| 2.44 |
| 2.19 |
| 2.03 |
| 2.00 |
| 1.96 |
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Balance Sheet Data |
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Net investments in real estate (e) |
| $ | 3,241,199 |
| $ | 1,217,931 |
| $ | 946,975 |
| $ | 884,460 |
| $ | 918,741 |
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Total assets |
| 4,609,042 |
| 1,462,623 |
| 1,172,326 |
| 1,093,336 |
| 1,111,136 |
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Long-term obligations (f) |
| 1,968,397 |
| 589,369 |
| 396,982 |
| 326,330 |
| 326,874 |
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Other Information |
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Net cash provided by operating activities |
| $ | 80,643 |
| $ | 80,116 |
| $ | 86,417 |
| $ | 74,544 |
| $ | 63,247 |
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Cash distributions paid |
| 113,867 |
| 85,814 |
| 92,591 |
| 78,618 |
| 87,700 |
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Payments of mortgage principal (g) |
| 54,964 |
| 25,327 |
| 14,324 |
| 9,534 |
| 9,678 |
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__________
(a) Certain prior year amounts have been reclassified from continuing operations to discontinued operations.
(b) The year ended December 31, 2012 includes the impact of the Merger, which was completed on September 28, 2012 (Note 3).
(c) The year ended December 31, 2011 includes $52.5 million of incentive, termination and subordinated disposition revenue recognized in connection with the CPA®:14/16 Merger.
(d) The year ended December 31, 2009 excludes a special distribution of $0.30 per share paid in January 2010 to shareholders of record at December 31, 2009.
(e) Net investments in real estate consists of Net investments in properties, Net investments in direct financing leases, Equity investments in real estate and the Managed REITs, Real estate under construction and Assets held for sale, as applicable.
(f) Represents non-recourse mortgages and note obligations. The year ended December 31, 2012 includes the $175.0 million Term Loan Facility (Note 12), which was drawn down in full in connection with the Merger (Note 3).
(g) Represents scheduled mortgage principal payments.