CORPORATE PROPERTY ASSOCIATES 16 GLOBAL INC - FORM 8-K - EX-99.3 - EXHIBIT 99.3 - January 4, 2011

Attached files

file filename
8-K - FORM 8-K - CORPORATE PROPERTY ASSOCIATES 16 GLOBAL INCc10353e8vk.htm
EX-99.2 - EXHIBIT 99.2 - CORPORATE PROPERTY ASSOCIATES 16 GLOBAL INCc10353exv99w2.htm
EX-23.1 - EXHIBIT 23.1 - CORPORATE PROPERTY ASSOCIATES 16 GLOBAL INCc10353exv23w1.htm
EX-99.1 - EXHIBIT 99.1 - CORPORATE PROPERTY ASSOCIATES 16 GLOBAL INCc10353exv99w1.htm
EX-99.4 - EXHIBIT 99.4 - CORPORATE PROPERTY ASSOCIATES 16 GLOBAL INCc10353exv99w4.htm
EX-99.5 - EXHIBIT 99.5 - CORPORATE PROPERTY ASSOCIATES 16 GLOBAL INCc10353exv99w5.htm
Exhibit 99.3
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 amounts)
                                         
    Years ended December 31,  
    2009     2008     2007     2006     2005  
Operating Data (a)
                                        
Total revenues
   $ 233,902     $ 232,728     $ 160,859     $ 66,752     $ 41,651  
Income from continuing operations
     24,447       46,793       57,051       29,798       16,084  
Net income (b)
     12,959       47,360       58,598       31,970       16,926  
Add: Net loss (income) attributable to noncontrolling interests
     8,050       (339 )     (6,048 )     (1,865 )     (642 )
Less: Net income attributable to redeemable noncontrolling interests
     (23,549 )     (26,774 )     (18,346 )     —       —  
 
                              
Net (loss) income attributable to CPA®:16 — Global shareholders
     (2,540 )     20,247       34,204       30,105       16,284  
 
                              
 
                                        
Earnings per share:
                                        
Income from continuing operations attributable to CPA®:16 — Global shareholders
     —       0.16       0.28       0.40       0.29  
Net (loss) income attributable to CPA®:16 — Global shareholders
     (0.02 )     0.17       0.29       0.40       0.29  
 
                                        
Cash distributions declared per share
     0.6621       0.6576       0.6498       0.6373       0.5763  
 
                                        
Balance Sheet Data
                                        
Total assets
   $ 2,889,005     $ 2,967,203     $ 3,081,869     $ 1,775,640     $ 929,649  
Net investments in real estate (c)
     2,223,549       2,190,625       2,169,979       1,143,908       651,592  
Long-term obligations (d)
    1,454,851       1,453,901       1,445,734       662,762       376,078  
 
                                        
Other Information
                                        
Cash provided by operating activities
   $ 119,879     $ 117,435     $ 120,985     $ 52,255     $ 40,338  
Cash distributions paid
     80,778       79,011       72,551       41,227       28,939  
Payment of mortgage principal (e)
    18,747       15,487       18,053       6,397       2,821  
 
     
(a)   Certain prior year balances have been retrospectively adjusted as discontinued operations and for the adoption of recent accounting guidance for noncontrolling interests.
 
(b)   Net income in 2009 and 2008 reflected impairment charges totaling $59.6 million, inclusive of amounts attributable to noncontrolling interests totaling $12.8 million and $4.0 million, including $3.1 million related to our equity investments in real estate, respectively.
 
(c)   Net investments in real estate consists of net investments in properties, net investment in direct financing leases, equity investments in real estate, real estate under construction and assets held for sale, as applicable.
 
(d)   Represents non-recourse mortgages and deferred acquisition fee installments.
 
(e)   Represents scheduled mortgage principal payments.

 

CORPORATE PROPERTY ASSOCIATES 16 GLOBAL INC Reports

Also read