| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 |
|---|---|---|---|---|---|---|---|---|
Total revenues | ||||||||
- | - | - | - | 1,441,135 | 1,579,257 | 329,323 | 67,207 | 3,970 |
Operating expense reimbursements | ||||||||
- | - | - | - | 98,628 | 100,522 | 16,571 | 1,945 | 208 |
Direct financing lease income | ||||||||
- | - | - | - | - | 3,603 | 2,244 | 0 | 0 |
Cole Capital revenue | ||||||||
- | - | - | - | - | 203,558 | 0 | 0 | - |
Operating expenses: | ||||||||
Cole Capital reallowed fees and commissions | ||||||||
- | - | - | - | - | 66,228 | 0 | 0 | - |
Acquisition related (including $37,564, $28,656 and $1,692 to affiliates, respectively) | ||||||||
- | - | - | - | - | - | - | - | 3,898 |
Acquisition-related | ||||||||
4,337 | 3,632 | 3,402 | 1,321 | 6,243 | 38,940 | 76,113 | 45,070 | 0 |
Litigation and non-routine costs, net | ||||||||
815,422 | 290,963 | 47,960 | 3,884 | 33,628 | 199,616 | - | - | - |
Property operating | ||||||||
129,769 | 126,461 | 128,717 | 144,428 | 130,855 | 137,741 | 23,616 | 3,522 | 220 |
Merger and other non-routine transactions | ||||||||
- | - | - | - | - | - | 210,543 | 2,603 | - |
Management fees to affiliates | ||||||||
- | - | - | - | - | 13,888 | 17,462 | 212 | 0 |
General and administrative | ||||||||
62,711 | 63,933 | 58,603 | 51,927 | 67,137 | 167,428 | 123,172 | 5,458 | 749 |
Depreciation and amortization | ||||||||
481,995 | 640,618 | 706,802 | 762,038 | 821,727 | 916,003 | 210,976 | 40,957 | 2,097 |
Impairments | ||||||||
47,091 | 54,647 | 50,548 | 182,820 | 91,755 | 409,991 | 3,346 | 0 | 0 |
Restructuring Charges | ||||||||
10,500 | 0 | 0 | - | - | - | - | - | - |
Total operating expenses | ||||||||
1,551,830 | 1,180,254 | 996,032 | 1,146,418 | 1,151,345 | 1,949,835 | 665,228 | 97,822 | 6,964 |
Operating (loss) income | ||||||||
- | - | - | - | 289,790 | -370,578 | -335,905 | -30,615 | -2,994 |
Other (expenses) income: | ||||||||
Interest expense | ||||||||
-278,574 | -280,887 | -289,766 | -317,376 | -358,392 | -452,648 | -105,548 | -11,856 | 960 |
Loss on extinguishment and forgiveness of debt, net | ||||||||
-17,910 | 5,360 | 18,373 | -771 | 4,812 | -21,869 | 0 | 0 | - |
Other income, net | ||||||||
- | - | - | - | - | - | - | - | 4 |
Loss on sale of investments | ||||||||
- | - | - | - | - | - | - | - | 0 |
Other income (loss), net | ||||||||
12,971 | 15,090 | 9,218 | 5,251 | 9,366 | 88,596 | 3,824 | 979 | -958 |
Reserve for loan loss | ||||||||
- | - | - | - | 15,300 | 0 | - | - | - |
Equity in income of unconsolidated entities | ||||||||
2,618 | 1,869 | 2,763 | 9,783 | 9,092 | -76 | 0 | 0 | - |
Gain (loss) on derivative instruments, net | ||||||||
- | - | - | -1,191 | -1,460 | -10,570 | -67,946 | 0 | -2 |
Loss before taxes and real estate dispositions | ||||||||
- | - | - | - | -62,092 | -767,145 | - | - | - |
Gain on disposition of real estate and real estate assets held for sale, net | ||||||||
292,647 | 94,331 | 61,536 | 45,524 | -72,311 | -277,031 | - | - | - |
Loss on sale of investments in affiliates | ||||||||
- | - | - | - | - | - | -411 | 0 | 0 |
Gain on sale of investments | ||||||||
- | - | - | - | - | - | -1,795 | 0 | - |
Total other expenses, net | ||||||||
11,752 | -164,237 | -197,876 | -258,780 | -351,882 | -396,567 | -171,876 | -10,877 | - |
Income before taxes | ||||||||
-302,844 | -86,624 | 58,377 | -69,751 | -134,403 | -1,044,176 | - | - | - |
Provision for income taxes | ||||||||
4,262 | 5,101 | 6,882 | 7,136 | 4,589 | -33,264 | - | - | - |
Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | ||||||||
-307,106 | -91,725 | 51,495 | -76,887 | -138,992 | - | -507,781 | -41,492 | -3,952 |
Net loss from continuing operations attributable to non-controlling interests | ||||||||
- | - | - | - | - | - | - | - | -69 |
Net loss from continuing operations attributable to stockholders | ||||||||
- | - | - | - | - | - | - | - | -3,883 |
Discontinued operations: | ||||||||
Loss from operations of held for sale assets | ||||||||
- | - | - | - | - | - | -34 | -145 | -37 |
Loss on held for sale properties | ||||||||
- | - | - | - | - | - | 0 | -600 | -815 |
Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | ||||||||
0 | 3,695 | -19,117 | -123,937 | -184,500 | - | -34 | -745 | -852 |
Net loss from discontinued operations attributable to non-controlling interest | ||||||||
- | - | - | - | - | - | - | - | -36 |
Net loss from discontinued operations attributable to stockholders | ||||||||
- | - | - | - | - | - | - | - | -816 |
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | ||||||||
-307,106 | -88,030 | 32,378 | -200,824 | -323,492 | -1,010,912 | -507,815 | -42,237 | -4,804 |
Net income (loss) attributable to non-controlling interests | ||||||||
-6,753 | -2,256 | 560 | -4,961 | -7,139 | -33,727 | -16,316 | -585 | -105 |
Net income attributable to the General Partner/OP | ||||||||
-300,353 | -85,774 | 31,818 | -195,863 | -316,353 | -977,185 | -491,499 | -41,652 | -4,699 |
Other comprehensive loss: | ||||||||
Income (Loss) from Continuing Operations, Per Basic and Diluted Share | ||||||||
-0.37 | -0.17 | -0.02 | -0.16 | -0.23 | -1.36 | -2.41 | -0.40 | -1.04 |
Basic and diluted net income (loss) per share from discontinued operations attributable to common stockholders (in dollars per share) | ||||||||
0.00 | 0.00 | -0.02 | -0.13 | -0.20 | - | 0.00 | -0.01 | - |
Basic and diluted net income per share attributable to common stockholders (in dollars per share) | ||||||||
-0.37 | -0.16 | -0.04 | -0.29 | -0.43 | - | -2.41 | -0.41 | -1.26 |
Distributions declared per common share / unit (in dollars per share) | ||||||||
- | - | - | - | 0.28 | 1.03 | - | - | - |
Rental Revenue [Member] | ||||||||
Total revenues | ||||||||
1,237,234 | 1,257,867 | 1,252,285 | 1,335,447 | 1,342,507 | 1,271,574 | 310,508 | 65,262 | 3,762 |
VEREIT Operating Partnership, L.P. [Member] | ||||||||
Total revenues | ||||||||
1,237,234 | 1,257,867 | 1,252,285 | 1,335,447 | - | - | - | - | - |
Acquisition-related | ||||||||
4,337 | 3,632 | 3,402 | 1,321 | - | - | - | - | - |
Litigation and non-routine costs, net | ||||||||
815,422 | 290,963 | 47,960 | 3,884 | - | - | - | - | - |
Property operating | ||||||||
129,769 | 126,461 | 128,717 | 144,428 | - | - | - | - | - |
General and administrative | ||||||||
62,711 | 63,933 | 58,603 | 51,927 | - | - | - | - | - |
Depreciation and amortization | ||||||||
481,995 | 640,618 | 706,802 | 762,038 | - | - | - | - | - |
Impairments | ||||||||
47,091 | 54,647 | 50,548 | 182,820 | - | - | - | - | - |
Restructuring Charges | ||||||||
10,505 | 0 | 0 | - | - | - | - | - | - |
Total operating expenses | ||||||||
1,551,830 | 1,180,254 | 996,032 | 1,146,418 | - | - | - | - | - |
Interest expense | ||||||||
-278,574 | -280,887 | -289,766 | -317,376 | - | - | - | - | - |
Loss on extinguishment and forgiveness of debt, net | ||||||||
-17,910 | 5,360 | 18,373 | -771 | - | - | - | - | - |
Other income (loss), net | ||||||||
12,971 | 15,090 | 9,218 | 5,251 | - | - | - | - | - |
Equity in income of unconsolidated entities | ||||||||
2,618 | 1,869 | 2,763 | 9,783 | - | - | - | - | - |
Gain (loss) on derivative instruments, net | ||||||||
- | - | - | -1,191 | - | - | - | - | - |
Gain on disposition of real estate and real estate assets held for sale, net | ||||||||
292,647 | 94,331 | 61,536 | 45,524 | - | - | - | - | - |
Total other expenses, net | ||||||||
11,752 | -164,237 | -197,876 | -258,780 | - | - | - | - | - |
Income before taxes | ||||||||
-302,844 | -86,624 | 58,377 | -69,751 | - | - | - | - | - |
Provision for income taxes | ||||||||
4,262 | 5,101 | 6,882 | 7,136 | - | - | - | - | - |
Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | ||||||||
-307,106 | -91,725 | 51,495 | -76,887 | - | - | - | - | - |
Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | ||||||||
0 | 3,695 | -19,117 | -123,937 | - | - | - | - | - |
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | ||||||||
-307,106 | -88,030 | 32,378 | -200,824 | - | - | - | - | - |
Net income (loss) attributable to non-controlling interests | ||||||||
-102 | -154 | -194 | -14 | - | - | - | - | - |
Net income attributable to the General Partner/OP | ||||||||
-307,004 | -87,876 | 32,572 | -200,810 | - | - | - | - | - |
Income (Loss) from Continuing Operations, Per Outstanding Limited Partnership and General Partnership Unit, Basic and Diluted, Net of Tax | ||||||||
-0.37 | -0.17 | -0.02 | -0.16 | - | - | - | - | - |
Income (Loss) from Discontinued Operations, Net of Tax, Per Outstanding Limited Partnership and General Partnership Unit, Basic and Diluted | ||||||||
0.00 | 0.00 | -0.02 | -0.13 | - | - | - | - | - |
Basic and diluted net income per unit attributable to common unitholders (in dollars per share) | ||||||||
-0.37 | -0.16 | -0.04 | -0.29 | - | - | - | - | - |