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CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY - OP - USD ($)
$ in Thousands
Total
General Partner [Member]
VEREIT Operating Partnership, L.P. [Member]
VEREIT Operating Partnership, L.P. [Member]
Total Partners' Capital [Member]
VEREIT Operating Partnership, L.P. [Member]
Preferred Units [Member]
General Partner [Member]
VEREIT Operating Partnership, L.P. [Member]
Preferred Units [Member]
Limited Partner [Member]
VEREIT Operating Partnership, L.P. [Member]
Common Units [Member]
General Partner [Member]
VEREIT Operating Partnership, L.P. [Member]
Common Units [Member]
Limited Partner [Member]
VEREIT Operating Partnership, L.P. [Member]
Noncontrolling Interest [Member]
Beginning balance (shares) at Dec. 31, 2015         42,834,138 86,874 904,884,394 23,763,797  
Beginning balance at Dec. 31, 2015     $ 8,713,959 $ 8,712,102 $ 925,569 $ 3,315 $ 7,598,418 $ 184,800 $ 1,857
Increase (Decrease) in Partners' Capital [Roll Forward]                  
Repurchases of Common OP Units to settle tax obligation (shares)             (205,325)    
Repurchases of common OP Units to settle tax obligation $ (1,798)   (1,798) (1,798)     $ (1,798)    
Equity-based compensation, net (shares)             118,891    
Equity-based compensation, net     4,509 4,509     $ 4,509    
Contributions from non-controlling interest holders 675   675           675
Distributions to Common OP Units and non-controlling interest holders (6,596)   (255,506) (255,448)     (248,910) (6,538) (58)
Distributions to Preferred OP Units     (35,946) (35,946) $ (35,874) $ (72)      
Net income (loss) (112,847)   (112,847) (112,812)     (109,940) (2,872) (35)
Other comprehensive income (loss) (10,541)   (10,541) (10,541)     $ (10,272) $ (269)  
Ending balance (shares) at Jun. 30, 2016         42,834,138 86,874 904,797,960 23,763,797  
Ending balance at Jun. 30, 2016     8,302,505 8,300,066 $ 889,695 $ 3,243 $ 7,232,007 $ 175,121 2,439
Beginning balance (shares) at Dec. 31, 2016         42,834,138 86,874 974,146,650 23,748,347  
Beginning balance at Dec. 31, 2016     8,619,533 8,617,130 $ 853,821 $ 3,171 $ 7,593,540 $ 166,598 2,403
Increase (Decrease) in Partners' Capital [Roll Forward]                  
Repurchases of common OP Units under the Share Repurchase Program (shares)             (68,759)    
Repurchases of common OP Units under the Share Repurchase Program (518) [1]   (518) (518)     $ (518)    
Repurchases of Common OP Units to settle tax obligation (shares)   (222,111)         (222,111)    
Repurchases of common OP Units to settle tax obligation (1,906)   (1,906) (1,906)     $ (1,906)    
Equity-based compensation, net (shares)             394,422    
Equity-based compensation, net     7,563 7,563     $ 7,563    
Distributions to Common OP Units and non-controlling interest holders (6,610)   (274,867) (274,788)     (268,257) (6,531) (79)
Distributions to Preferred OP Units     (35,946) (35,946) $ (35,874) $ (72)      
Net income (loss) 48,976   48,976 48,997     47,846 1,151 (21)
Other comprehensive income (loss) $ 644   644 644     $ 628 $ 16  
Ending balance (shares) at Jun. 30, 2017         42,834,138 86,874 974,250,202 23,748,347  
Ending balance at Jun. 30, 2017     $ 8,363,479 $ 8,361,176 $ 817,947 $ 3,099 $ 7,378,896 $ 161,234 $ 2,303
[1] The Company’s Share Repurchase Program (as defined in Note 15 – Equity), which was authorized by the board of directors on May 12, 2017, allows for the repurchase of up to $200.0 million of the Company’s outstanding shares of Common Stock over the next 12 months.