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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2018
Dec. 31, 2017
Real estate investments, at cost:    
Land $ 2,871,533 $ 2,865,855
Buildings, fixtures and improvements 10,753,190 10,711,845
Intangible lease assets 2,035,004 2,037,675
Total real estate investments, at cost 15,659,727 15,615,375
Less: accumulated depreciation and amortization 3,059,955 2,908,028
Total real estate investments, net 12,599,772 12,707,347
Investment in unconsolidated entities 33,736 39,520
Investment in direct financing leases, net 17,476 19,539
Investment securities, at fair value 35,741 40,974
Mortgage notes receivable, net 20,072 20,294
Cash and cash equivalents 28,435 34,176
Restricted cash 28,049 27,662
Rent and tenant receivables and other assets, net 335,622 308,253
Goodwill 1,337,773 1,337,773
Due from affiliates, net 0 6,041
Assets related to real estate assets held for sale and discontinued operations, net 15,113 163,999
Total assets 14,451,789 14,705,578
LIABILITIES AND EQUITY    
Mortgage notes payable, net 2,078,593 2,082,692
Corporate bonds, net 2,822,830 2,821,494
Convertible debt, net 987,071 984,258
Credit facility, net 120,000 185,000
Below-market lease liabilities, net 193,703 198,551
Accounts payable and accrued expenses 126,724 136,474
Deferred rent and other liabilities 68,718 62,985
Distributions payable 177,645 175,301
Due to affiliates 0 66
Liabilities related to discontinued operations 0 15,881
Total liabilities 6,575,284 6,662,702
Commitments and contingencies (Note 13)
EQUITY    
Preferred stock, $0.01 par value, 100,000,000 shares authorized and 42,834,138 issued and outstanding as of each of March 31, 2018 and December 31, 2017 428 428
Common stock, $0.01 par value, 1,500,000,000 shares authorized and 968,154,486 and 974,208,583 issued and outstanding as of March 31, 2018 and December 31, 2017, respectively 9,681 9,742
Additional paid-in-capital 12,611,006 12,654,258
Accumulated other comprehensive loss (4,284) (3,569)
Accumulated deficit (4,896,349) (4,776,581)
Total stockholders’ equity 7,720,482 7,884,278
Non-controlling interests 156,023 158,598
Total equity 7,876,505 8,042,876
Total liabilities and equity 14,451,789 14,705,578
VEREIT Operating Partnership, L.P. [Member]    
Real estate investments, at cost:    
Land 2,871,533 2,865,855
Buildings, fixtures and improvements 10,753,190 10,711,845
Intangible lease assets 2,035,004 2,037,675
Total real estate investments, at cost 15,659,727 15,615,375
Less: accumulated depreciation and amortization 3,059,955 2,908,028
Total real estate investments, net 12,599,772 12,707,347
Investment in unconsolidated entities 33,736 39,520
Investment in direct financing leases, net 17,476 19,539
Investment securities, at fair value 35,741 40,974
Mortgage notes receivable, net 20,072 20,294
Cash and cash equivalents 28,435 34,176
Restricted cash 28,049 27,662
Rent and tenant receivables and other assets, net 335,622 308,253
Goodwill 1,337,773 1,337,773
Due from affiliates, net 0 6,041
Assets related to real estate assets held for sale and discontinued operations, net 15,113 163,999
Total assets 14,451,789 14,705,578
LIABILITIES AND EQUITY    
Mortgage notes payable, net 2,078,593 2,082,692
Corporate bonds, net 2,822,830 2,821,494
Convertible debt, net 987,071 984,258
Credit facility, net 120,000 185,000
Below-market lease liabilities, net 193,703 198,551
Accounts payable and accrued expenses 126,724 136,474
Deferred rent and other liabilities 68,718 62,985
Distributions payable 177,645 175,301
Due to affiliates 0 66
Liabilities related to discontinued operations 0 15,881
Total liabilities 6,575,284 6,662,702
Commitments and contingencies (Note 13)
EQUITY    
Total partners’ equity 7,875,240 8,041,571
Non-controlling interests 1,265 1,305
Total equity 7,876,505 8,042,876
Total liabilities and equity 14,451,789 14,705,578
VEREIT Operating Partnership, L.P. [Member] | Preferred Units [Member]    
EQUITY    
General Partners' capital account 764,136 782,073
Limited Partners' capital account 2,991 3,027
VEREIT Operating Partnership, L.P. [Member] | Common Stock [Member]    
EQUITY    
General Partners' capital account 6,956,346 7,102,205
Limited Partners' capital account $ 151,767 $ 154,266