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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Revenues:    
Rental income $ 290,631 $ 294,172
Operating expense reimbursements 24,443 26,726
Total revenues 315,074 320,898
Operating expenses:    
Acquisition-related 777 617
Litigation and other non-routine costs, net of insurance recoveries 21,740 12,875
Property operating 30,565 34,016
General and administrative 15,240 12,679
Depreciation and amortization 166,152 179,012
Impairments 6,036 6,725
Total operating expenses 240,510 245,924
Operating income 74,564 74,974
Other (expense) income:    
Interest expense (70,425) (73,743)
Loss on extinguishment and forgiveness of debt, net 0 (70)
Other income, net 7,436 659
Equity in income (loss) and gain on disposition of unconsolidated entities 1,065 (82)
Gain on derivative instruments, net 273 824
Total other expenses, net (61,651) (72,412)
Income before taxes and real estate dispositions 12,913 2,562
Gain on disposition of real estate and real estate assets held for sale, net 17,335 12,481
Income before taxes 30,248 15,043
Provision for income taxes (1,212) (3,108)
Income from continuing operations 29,036 11,935
Income from discontinued operations, net of income taxes 3,501 2,855
Net income (loss) 32,537 14,790
Net loss (income) attributable to non-controlling interests [1] (742) (352)
Net income attributable to the General Partner $ 31,795 $ 14,438
Basic and diluted net income (loss) per share from continuing operations attributable to common stockholders (in dollars per share) $ 0.01 $ (0.01)
Basic and diluted net income per share from discontinued operations attributable to common stockholders (in dollars per share) 0.00 0.00
Basic and diluted net income per share attributable to common stockholders (in dollars per share) 0.01 0.00
Distributions declared per common share / unit (in dollars per share) $ 0.1375 $ 0.1375
VEREIT Operating Partnership, L.P. [Member]    
Revenues:    
Rental income $ 290,631 $ 294,172
Operating expense reimbursements 24,443 26,726
Total revenues 315,074 320,898
Operating expenses:    
Acquisition-related 777 617
Litigation and other non-routine costs, net of insurance recoveries 21,740 12,875
Property operating 30,565 34,016
General and administrative 15,240 12,679
Depreciation and amortization 166,152 179,012
Impairments 6,036 6,725
Total operating expenses 240,510 245,924
Operating income 74,564 74,974
Other (expense) income:    
Interest expense (70,425) (73,743)
Loss on extinguishment and forgiveness of debt, net 0 (70)
Other income, net 7,436 659
Equity in income (loss) and gain on disposition of unconsolidated entities 1,065 (82)
Gain on derivative instruments, net 273 824
Total other expenses, net (61,651) (72,412)
Income before taxes and real estate dispositions 12,913 2,562
Gain on disposition of real estate and real estate assets held for sale, net 17,335 12,481
Income before taxes 30,248 15,043
Provision for income taxes (1,212) (3,108)
Income from continuing operations 29,036 11,935
Income from discontinued operations, net of income taxes 3,501 2,855
Net income (loss) 32,537 14,790
Net loss (income) attributable to non-controlling interests [2] 40 7
Net income attributable to the General Partner $ 32,577 $ 14,797
Basic and diluted net income per unit from continuing operations attributable to common unitholders (in dollars per share) $ 0.01 $ (0.01)
Basic and diluted net income per unit from discontinued operations attributable to common unitholders (in dollars per share) 0.00 0.00
Basic and diluted net income per unit attributable to common unitholders (in dollars per share) 0.01 0.00
Distributions declared per common share / unit (in dollars per share) $ 0.1375 $ 0.1375
[1] Represents income attributable to limited partners and loss attributable to consolidated joint venture partners.
[2] Represents loss attributable to consolidated joint venture partners.