XML 28 R7.htm IDEA: XBRL DOCUMENT v3.8.0.1
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]
Non-Controlling Interests [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]                  
Issuance of common stock (shares)             69,000,000    
Issuance of common stock $ 702,482   702,482 702,482     $ 702,482    
Conversion of Limited Partners' Common OP Units to General Partner's Common OP Units (shares)             15,450 (15,450)  
Conversion of Limited Partners' Common OP Units to General Partner's Common OP Units             $ 159 $ (159)  
Repurchases of Common OP Units to settle tax obligation (shares)             (424,726)    
Repurchases of common OP Units to settle tax obligation (4,148)   (4,148) (4,148)     $ (4,148)    
Equity-based compensation, net (shares)             708,701    
Equity-based compensation, net     7,097 7,097     $ 7,097    
Contributions from non-controlling interest holders 675   675           675
Distributions to Common OP Units and non-controlling interest holders (9,889)   (393,108) (393,022)     (383,219) (9,803) (86)
Distributions to Preferred OP Units     (53,919) (53,919) $ (53,811) $ (108)      
Net income (loss) (82,601)   (82,601) (82,578)     (80,445) (2,133) (23)
Other comprehensive loss (2,742)   (2,742) (2,742)     $ (2,662) $ (80)  
Ending balance (shares) at Sep. 30, 2016         42,834,138 86,874 974,183,819 23,748,347  
Ending balance at Sep. 30, 2016     8,887,695 8,885,272 $ 871,758 $ 3,207 $ 7,837,682 $ 172,625 2,423
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)   (222,923)         (222,923)    
Repurchases of common OP Units to settle tax obligation (1,913)   (1,913) (1,913)     $ (1,913)    
Equity-based compensation, net (shares)             390,377    
Equity-based compensation, net     11,228 11,228     $ 11,228    
Distributions to Common OP Units and non-controlling interest holders (9,880)   (412,119) (412,034)     (402,239) (9,795) (85)
Distributions to Preferred OP Units     (53,919) (53,919) $ (53,811) $ (108)      
Net income (loss) 65,470   65,470 65,482     63,940 1,542 (12)
Other comprehensive loss $ (793)   (793) (793)     $ (774) $ (19)  
Ending balance (shares) at Sep. 30, 2017         42,834,138 86,874 974,245,345 23,748,347  
Ending balance at Sep. 30, 2017     $ 8,226,969 $ 8,224,663 $ 800,010 $ 3,063 $ 7,263,264 $ 158,326 $ 2,306
[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