XML 22 R2.htm IDEA: XBRL DOCUMENT v3.19.2
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2019
Dec. 31, 2018
Real estate investments, at cost:    
Land $ 2,763,348 $ 2,843,212
Buildings, fixtures and improvements 10,352,928 10,749,228
Intangible lease assets 1,927,699 2,012,399
Total real estate investments, at cost 15,043,975 15,604,839
Less: accumulated depreciation and amortization 3,488,838 3,436,772
Total real estate investments, net 11,555,137 12,168,067
Operating lease right-of-use assets 221,798 0
Investment in unconsolidated entities 68,633 35,289
Cash and cash equivalents 211,510 30,758
Restricted cash 20,692 22,905
Rent and tenant receivables and other assets, net 343,788 366,092
Goodwill 1,337,773 1,337,773
Real estate assets held for sale, net 22,553 2,609
Total assets 13,781,884 13,963,493
LIABILITIES AND EQUITY    
Mortgage notes payable, net 1,745,331 1,922,657
Corporate bonds, net 2,621,130 3,368,609
Convertible debt, net 396,766 394,883
Credit facility, net 895,033 401,773
Below-market lease liabilities, net 152,654 173,479
Accounts payable and accrued expenses 127,799 145,611
Deferred rent and other liabilities 77,713 69,714
Distributions payable 187,359 186,623
Operating lease liabilities 225,972 0
Total liabilities 6,429,757 6,663,349
Commitments and contingencies
Preferred stock, $0.01 par value, 100,000,000 shares authorized and 42,871,246 and 42,834,138 issued and outstanding as of June 30, 2019 and December 31, 2018, respectively 429 428
Common stock, $0.01 par value, 1,500,000,000 shares authorized and 973,385,899 and 967,515,165 issued and outstanding as of June 30, 2019 and December 31, 2018, respectively 9,734 9,675
Additional paid-in-capital 12,655,018 12,615,472
Accumulated other comprehensive loss (28,026) (1,280)
Accumulated deficit (5,416,759) (5,467,236)
Total stockholders’ equity 7,220,396 7,157,059
Non-controlling interests 131,731 143,085
Total equity 7,352,127 7,300,144
Total liabilities and equity 13,781,884 13,963,493
VEREIT Operating Partnership, L.P. [Member]    
Real estate investments, at cost:    
Land 2,763,348 2,843,212
Buildings, fixtures and improvements 10,352,928 10,749,228
Intangible lease assets 1,927,699 2,012,399
Total real estate investments, at cost 15,043,975 15,604,839
Less: accumulated depreciation and amortization 3,488,838 3,436,772
Total real estate investments, net 11,555,137 12,168,067
Operating lease right-of-use assets 221,798 0
Investment in unconsolidated entities 68,633 35,289
Cash and cash equivalents 211,510 30,758
Restricted cash 20,692 22,905
Rent and tenant receivables and other assets, net 343,788 366,092
Goodwill 1,337,773 1,337,773
Real estate assets held for sale, net 22,553 2,609
Total assets 13,781,884 13,963,493
LIABILITIES AND EQUITY    
Mortgage notes payable, net 1,745,331 1,922,657
Corporate bonds, net 2,621,130 3,368,609
Convertible debt, net 396,766 394,883
Credit facility, net 895,033 401,773
Below-market lease liabilities, net 152,654 173,479
Accounts payable and accrued expenses 127,799 145,611
Deferred rent and other liabilities 77,713 69,714
Distributions payable 187,359 186,623
Operating lease liabilities 225,972 0
Total liabilities 6,429,757 6,663,349
Commitments and contingencies
Total partners’ equity 7,350,850 7,298,873
Non-controlling interests 1,277 1,271
Total equity 7,352,127 7,300,144
Total liabilities and equity 13,781,884 13,963,493
VEREIT Operating Partnership, L.P. [Member] | Preferred Units [Member]    
LIABILITIES AND EQUITY    
General Partners' capital account 675,350 710,325
Limited Partners' capital account 1,912 2,883
VEREIT Operating Partnership, L.P. [Member] | Common Stock [Member]    
LIABILITIES AND EQUITY    
General Partners' capital account 6,545,046 6,446,734
Limited Partners' capital account $ 128,542 $ 138,931