XML 35 R2.htm IDEA: XBRL DOCUMENT v3.8.0.1
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2017
Dec. 31, 2016
Real estate investments, at cost:    
Land $ 2,865,855 $ 2,895,625
Buildings, fixtures and improvements 10,711,845 10,644,296
Intangible lease assets 2,037,675 2,044,521
Total real estate investments, at cost 15,615,375 15,584,442
Less: accumulated depreciation and amortization 2,908,028 2,331,643
Total real estate investments, net 12,707,347 13,252,799
Investment in unconsolidated entities 42,784 46,077
Investment in direct financing leases, net 19,539 39,455
Investment securities, at fair value 40,974 47,215
Mortgage notes receivable, net 20,294 22,764
Cash and cash equivalents 34,176 253,479
Restricted cash 27,662 45,018
Rent and tenant receivables and other assets, net 304,989 314,305
Goodwill 1,337,773 1,337,391
Due from affiliates, net 6,041 15,904
Assets related to discontinued operations and real estate assets held for sale, net 163,999 213,167
Total assets 14,705,578 15,587,574
LIABILITIES AND EQUITY    
Mortgage notes payable and other debt, net 2,082,692 2,671,106
Corporate bonds, net 2,821,494 2,226,224
Convertible debt, net 984,258 973,340
Credit facility, net 185,000 496,578
Below-market lease liabilities, net 198,551 224,023
Accounts payable and accrued expenses 136,474 134,861
Deferred rent and other liabilities 62,985 67,971
Distributions payable 175,301 162,578
Due to affiliates 66 16
Liabilities related to discontinued operations 15,881 11,344
Total liabilities 6,662,702 6,968,041
Commitments and contingencies (Note 14)
EQUITY    
Preferred stock, $0.01 par value, 100,000,000 shares authorized and 42,834,138 issued and outstanding as of each of December 31, 2017 and December 31, 2016 428 428
Common stock, $0.01 par value, 1,500,000,000 shares authorized and 974,208,583 and 974,146,650 issued and outstanding as of December 31, 2017 and December 31, 2016, respectively 9,742 9,741
Additional paid-in-capital 12,654,258 12,640,171
Accumulated other comprehensive loss (3,569) (2,556)
Accumulated deficit (4,776,581) (4,200,423)
Total stockholders’ equity 7,884,278 8,447,361
Non-controlling interests 158,598 172,172
Total equity 8,042,876 8,619,533
Total liabilities and equity 14,705,578 15,587,574
VEREIT Operating Partnership, L.P. [Member]    
Real estate investments, at cost:    
Land 2,865,855 2,895,625
Buildings, fixtures and improvements 10,711,845 10,644,296
Intangible lease assets 2,037,675 2,044,521
Total real estate investments, at cost 15,615,375 15,584,442
Less: accumulated depreciation and amortization 2,908,028 2,331,643
Total real estate investments, net 12,707,347 13,252,799
Investment in unconsolidated entities 42,784 46,077
Investment in direct financing leases, net 19,539 39,455
Investment securities, at fair value 40,974 47,215
Mortgage notes receivable, net 20,294 22,764
Cash and cash equivalents 34,176 253,479
Restricted cash 27,662 45,018
Rent and tenant receivables and other assets, net 304,989 314,305
Goodwill 1,337,773 1,337,391
Due from affiliates, net 6,041 15,904
Assets related to discontinued operations and real estate assets held for sale, net 163,999 213,167
Total assets 14,705,578 15,587,574
LIABILITIES AND EQUITY    
Mortgage notes payable and other debt, net 2,082,692 2,671,106
Corporate bonds, net 2,821,494 2,226,224
Convertible debt, net 984,258 973,340
Credit facility, net 185,000 496,578
Below-market lease liabilities, net 198,551 224,023
Accounts payable and accrued expenses 136,474 134,861
Deferred rent and other liabilities 62,985 67,971
Distributions payable 175,301 162,578
Due to affiliates 66 16
Liabilities related to discontinued operations 15,881 11,344
Total liabilities 6,662,702 6,968,041
Commitments and contingencies (Note 14)
EQUITY    
Total partners’ equity 8,041,571 8,617,130
Non-controlling interests 1,305 2,403
Total equity 8,042,876 8,619,533
Total liabilities and equity 14,705,578 15,587,574
VEREIT Operating Partnership, L.P. [Member] | Preferred Units [Member]    
EQUITY    
General Partners' capital account 782,073 853,821
Limited Partners' capital account 3,027 3,171
VEREIT Operating Partnership, L.P. [Member] | Common Stock [Member]    
EQUITY    
General Partners' capital account 7,102,205 7,593,540
Limited Partners' capital account $ 154,266 $ 166,598