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Quarterly Results (Unaudited) (Tables)
 12 Months Ended
Dec. 31, 2015
Quarterly Financial Information Disclosure [Abstract]  
Summary of Unaudited Quarterly Financial Information
Presented below is a summary of the unaudited quarterly financial information for the year ended December 31, 2015 for VEREIT (in thousands, except share and per share amounts):
 
 
Quarters Ended
 
 
March 31,
2015
 
June 30,
2015
 
September 30,
2015
 
December 31,
2015
Revenues
 
$
393,968

 
$
393,721

 
$
384,954

 
$
383,374

Net (loss) income
 
(30,693
)
 
(108,709
)
 
8,141

 
(192,231
)
Net (loss) income attributable to the General Partner
 
(29,970
)
 
(106,522
)
 
7,529

 
(187,390
)
Less: dividends to preferred shares and participating securities
 
17,978

 
17,973

 
18,191

 
18,160

Net loss attributable to the common stockholders
 
$
(47,948
)
 
$
(124,495
)
 
$
(10,662
)
 
$
(205,550
)
 
 
 
 
 
 
 
 
 
Weighted-average shares outstanding - basic and diluted
 
902,996,270

 
903,339,143

 
903,461,323

 
903,638,159

 
 
 
 
 
 
 
 
 
Basic and diluted net loss per share attributable to common stockholders (1)
 
$
(0.05
)
 
$
(0.14
)
 
$
(0.01
)
 
$
(0.23
)
_______________________________________________
(1)
The sum of the quarterly net loss per share amounts do not agree to the full year net loss per share amounts. The Company calculates net loss per share based on the weighted-average number of outstanding shares of Common Stock during the reporting period. The average number of shares fluctuates throughout the year and can therefore produce a full year result that does not agree to the sum of the individual quarters.
Presented below is a summary of the unaudited quarterly financial information for the year ended December 31, 2015 for the OP (in thousands, except share and per share amounts):
 
 
Quarters Ended
 
 
March 31,
2015
 
June 30,
2015
 
September 30,
2015
 
December 31,
2015
Revenues
 
$
393,968

 
$
393,721

 
$
384,954

 
$
383,374

Net (loss) income
 
(30,693
)
 
(108,709
)
 
8,141

 
(192,231
)
Net (loss) income attributable to the OP
 
(30,873
)
 
(109,322
)
 
7,737

 
(192,308
)
Less: dividends to preferred shares and participating securities
 
17,978

 
17,973

 
18,191

 
18,160

Net loss attributable to the unitholders
 
$
(48,851
)
 
$
(127,295
)
 
$
(10,454
)
 
$
(210,468
)
 
 
 
 
 
 
 
 
 
Weighted-average units outstanding - basic and diluted
 
926,760,067

 
927,102,940

 
927,225,120

 
927,401,956

 
 
 
 
 
 
 
 
 
Basic and diluted net loss per unit attributable to common unitholders (1)
 
$
(0.05
)
 
$
(0.14
)
 
$
(0.01
)
 
$
(0.23
)
_______________________________________________
(1)
The sum of the quarterly net loss per unit amounts do not agree to the full year net loss per unit amounts. The Company calculates net loss per unit based on the weighted-average number of outstanding unit during the reporting period. The average number of units fluctuates throughout the year and can therefore produce a full year result that does not agree to the sum of the individual quarters.
Presented below is a summary of the unaudited quarterly financial information for the year ended December 31, 2014 for VEREIT (in thousands, except share and per share amounts):
 
 
Quarters Ended
 
 
March 31,
2014
 
June 30,
2014
 
September 30,
2014
 
December 31,
2014
Revenues
 
$
321,154

 
$
382,178

 
$
457,118

 
$
418,807

Net loss
 
(305,840
)
 
(56,598
)
 
(288,047
)
 
(360,427
)
Net loss attributable to the General Partner
 
(291,444
)
 
(54,720
)
 
(280,398
)
 
(350,623
)
Less: dividends to preferred shares and participating securities
 
23,432

 
23,291

 
37,643

 
19,691

Net loss attributable to the common stockholders
 
$
(314,876
)
 
$
(78,011
)
 
$
(318,041
)
 
$
(370,314
)
 
 
 
 
 
 
 
 
 
Weighted-average shares outstanding - basic and diluted
 
547,470,457

 
815,406,408

 
902,096,102

 
902,528,464

 
 
 
 
 
 
 
 
 
Basic and diluted net loss per share attributable to common stockholders (1)
 
$
(0.58
)

$
(0.10
)

$
(0.35
)

$
(0.41
)
_______________________________________________
(1)
The sum of the quarterly net loss per share amounts do not agree to the full year net loss per share amounts. The Company calculates net loss per share based on the weighted-average number of outstanding shares of Common Stock during the reporting period. The average number of shares fluctuates throughout the year and can therefore produce a full year result that does not agree to the sum of the individual quarters.
Presented below is a summary of the unaudited quarterly financial information for the year ended December 31, 2014 for the OP (in thousands, except share and per share amounts):
 
 
Quarters Ended
 
 
March 31,
2014
 
June 30,
2014
 
September 30,
2014
 
December 31,
2014
Revenues
 
$
321,154

 
$
382,178

 
$
457,118

 
$
418,807

Net loss
 
(305,840
)
 
(56,598
)
 
(288,047
)
 
(360,427
)
Net loss attributable to the OP
 
(305,648
)
 
(56,870
)
 
(288,202
)
 
(360,038
)
Less: dividends to preferred shares and participating securities
 
23,432

 
23,291

 
37,643

 
19,691

Net loss attributable to the unitholders
 
$
(329,080
)

$
(80,161
)

$
(325,845
)

$
(379,729
)
 
 
 
 
 
 
 
 
 
Weighted-average units outstanding - basic and diluted
 
572,457,009

 
840,184,663

 
926,801,361

 
926,999,843

 
 
 
 
 
 
 
 
 
Basic and diluted net loss per unit attributable to common unitholders (1)
 
$
(0.57
)

$
(0.10
)

$
(0.35
)

$
(0.41
)
_______________________________________________
(1)
The sum of the quarterly net loss per unit amounts do not agree to the full year net loss per unit amounts. The Company calculates net loss per unit based on the weighted-average number of outstanding unit during the reporting period. The average number of units fluctuates throughout the year and can therefore produce a full year result that does not agree to the sum of the individual quarters.