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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Revenues:      
Rental income $ 1,154,147 $ 1,229,992 $ 1,342,507
Operating expense reimbursements 98,138 105,455 98,628
Total revenues 1,252,285 1,335,447 1,441,135
Operating expenses:      
Acquisition-related 3,402 1,321 6,243
Litigation, merger and other non-routine costs, net of insurance recoveries 47,960 3,884 33,628
Property operating 128,717 144,428 130,855
General and administrative 58,603 51,927 67,137
Depreciation and amortization 706,802 762,038 821,727
Impairments 50,548 182,820 91,755
Total operating expenses 996,032 1,146,418 1,151,345
Operating income 256,253 189,029 289,790
Other (expense) income:      
Interest expense (289,766) (317,376) (358,392)
Gain (loss) on extinguishment and forgiveness of debt, net 18,373 (771) 4,812
Other income, net 6,242 5,251 9,366
Reserve for loan loss 0 0 (15,300)
Equity in income and gain on disposition of unconsolidated entities 2,763 9,783 9,092
Gain (loss) on derivative instruments, net 2,976 (1,191) (1,460)
Total other expenses, net (259,412) (304,304) (351,882)
Income (loss) before taxes and real estate dispositions (3,159) (115,275) (62,092)
Gain (loss) on disposition of real estate and real estate assets held for sale, net 61,536 45,524 (72,311)
Income (loss) before taxes 58,377 (69,751) (134,403)
Provision for income taxes (6,882) (7,136) (4,589)
Income (loss) from continuing operations 51,495 (76,887) (138,992)
Loss from discontinued operations, net of income taxes (19,117) (123,937) (184,500)
Net income (loss) 32,378 (200,824) (323,492)
Net (income) loss attributable to non-controlling interests [1] (560) 4,961 7,139
Net income (loss) attributable to the General Partner / OP $ 31,818 $ (195,863) $ (316,353)
Basic and diluted net loss per share from continuing operations attributable to common stockholders (in dollars per share) $ (0.02) $ (0.16) $ (0.23)
Basic and diluted net loss per share from discontinued operations attributable to common stockholders (in dollars per share) (0.02) (0.13) (0.20)
Basic and diluted net loss per share attributable to common stockholders (in dollars per share) (0.04) (0.29) (0.43)
Distributions declared per common share / unit (in dollars per share) $ 0.55 $ 0.55 $ 0.28
VEREIT Operating Partnership, L.P. [Member]      
Revenues:      
Rental income $ 1,154,147 $ 1,229,992 $ 1,342,507
Operating expense reimbursements 98,138 105,455 98,628
Total revenues 1,252,285 1,335,447 1,441,135
Operating expenses:      
Acquisition-related 3,402 1,321 6,243
Litigation, merger and other non-routine costs, net of insurance recoveries 47,960 3,884 33,628
Property operating 128,717 144,428 130,855
General and administrative 58,603 51,927 67,137
Depreciation and amortization 706,802 762,038 821,727
Impairments 50,548 182,820 91,755
Total operating expenses 996,032 1,146,418 1,151,345
Operating income 256,253 189,029 289,790
Other (expense) income:      
Interest expense (289,766) (317,376) (358,392)
Gain (loss) on extinguishment and forgiveness of debt, net 18,373 (771) 4,812
Other income, net 6,242 5,251 9,366
Reserve for loan loss 0 0 (15,300)
Equity in income and gain on disposition of unconsolidated entities 2,763 9,783 9,092
Gain (loss) on derivative instruments, net 2,976 (1,191) (1,460)
Total other expenses, net (259,412) (304,304) (351,882)
Income (loss) before taxes and real estate dispositions (3,159) (115,275) (62,092)
Gain (loss) on disposition of real estate and real estate assets held for sale, net 61,536 45,524 (72,311)
Income (loss) before taxes 58,377 (69,751) (134,403)
Provision for income taxes (6,882) (7,136) (4,589)
Income (loss) from continuing operations 51,495 (76,887) (138,992)
Loss from discontinued operations, net of income taxes (19,117) (123,937) (184,500)
Net income (loss) 32,378 (200,824) (323,492)
Net (income) loss attributable to non-controlling interests [2] 194 14 (1,274)
Net income (loss) attributable to the General Partner / OP $ 32,572 $ (200,810) $ (324,766)
Basic and diluted net loss per unit from continuing operations attributable to common unitholders (in dollars per share) $ (0.02) $ (0.16) $ (0.23)
Basic and diluted net loss per unit from discontinued operations attributable to common unitholders (in dollars per share) (0.02) (0.13) (0.20)
Basic and diluted net loss per unit attributable to common unitholders (in dollars per share) (0.04) (0.29) (0.43)
Distributions declared per common share / unit (in dollars per share) $ 0.55 $ 0.55 $ 0.28
[1] Represents (income) loss attributable to limited partners and consolidated joint venture partners.
[2] Represents (income) loss attributable to consolidated joint venture partners.