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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Rental revenue $ 1,237,234,000 $ 1,257,867,000 $ 1,252,285,000
Operating expenses:      
Acquisition-related 4,337,000 3,632,000 3,402,000
Litigation and non-routine costs, net 815,422,000 290,963,000 47,960,000
Property operating 129,769,000 126,461,000 128,717,000
General and administrative 62,711,000 63,933,000 58,603,000
Depreciation and amortization 481,995,000 640,618,000 706,802,000
Impairments 47,091,000 54,647,000 50,548,000
Restructuring 10,505,000 0 0
Total operating expenses 1,551,830,000 1,180,254,000 996,032,000
Other (expenses) income:      
Interest expense (278,574,000) (280,887,000) (289,766,000)
(Loss) gain on extinguishment and forgiveness of debt, net (17,910,000) 5,360,000 18,373,000
Other income, net 12,971,000 15,090,000 9,218,000
Equity in income and gain on disposition of unconsolidated entities 2,618,000 1,869,000 2,763,000
Gain on disposition of real estate and real estate assets held for sale, net 292,647,000 94,331,000 61,536,000
Total other income (expenses), net 11,752,000 (164,237,000) (197,876,000)
(Loss) income before taxes (302,844,000) (86,624,000) 58,377,000
Provision for income taxes (4,262,000) (5,101,000) (6,882,000)
(Loss) income from continuing operations (307,106,000) (91,725,000) 51,495,000
Income (loss) from discontinued operations, net of income taxes 0 3,695,000 (19,117,000)
Net (loss) income (307,106,000) (88,030,000) 32,378,000
Net loss (income) attributable to non-controlling interests [1] 6,753,000 2,256,000 (560,000)
Net (loss) income attributable to the General Partner/OP $ (300,353,000) $ (85,774,000) $ 31,818,000
Basic and diluted net loss per share from continuing operations attributable to common stockholders (in dollars per share) $ (0.37) $ (0.17) $ (0.02)
Basic and diluted net income (loss) per share from discontinued operations attributable to common stockholders (in dollars per share) 0 0.00 (0.02)
Basic and diluted net loss per share attributable to common stockholders (in dollars per share) [2] $ (0.37) $ (0.16) $ (0.04)
VEREIT Operating Partnership, L.P. [Member]      
Rental revenue $ 1,237,234,000 $ 1,257,867,000 $ 1,252,285,000
Operating expenses:      
Acquisition-related 4,337,000 3,632,000 3,402,000
Litigation and non-routine costs, net 815,422,000 290,963,000 47,960,000
Property operating 129,769,000 126,461,000 128,717,000
General and administrative 62,711,000 63,933,000 58,603,000
Depreciation and amortization 481,995,000 640,618,000 706,802,000
Impairments 47,091,000 54,647,000 50,548,000
Restructuring 10,505,000 0 0
Total operating expenses 1,551,830,000 1,180,254,000 996,032,000
Other (expenses) income:      
Interest expense (278,574,000) (280,887,000) (289,766,000)
(Loss) gain on extinguishment and forgiveness of debt, net (17,910,000) 5,360,000 18,373,000
Other income, net 12,971,000 15,090,000 9,218,000
Equity in income and gain on disposition of unconsolidated entities 2,618,000 1,869,000 2,763,000
Gain on disposition of real estate and real estate assets held for sale, net 292,647,000 94,331,000 61,536,000
Total other income (expenses), net 11,752,000 (164,237,000) (197,876,000)
(Loss) income before taxes (302,844,000) (86,624,000) 58,377,000
Provision for income taxes (4,262,000) (5,101,000) (6,882,000)
(Loss) income from continuing operations (307,106,000) (91,725,000) 51,495,000
Income (loss) from discontinued operations, net of income taxes 0 3,695,000 (19,117,000)
Net (loss) income (307,106,000) (88,030,000) 32,378,000
Net loss (income) attributable to non-controlling interests [3] 102,000 154,000 194,000
Net (loss) income attributable to the General Partner/OP $ (307,004,000) $ (87,876,000) $ 32,572,000
Basic and diluted net loss per unit from continuing operations attributable to common unitholders (in dollars per share) $ (0.37) $ (0.17) $ (0.02)
Basic and diluted net income (loss) per unit from discontinued operations attributable to common unitholders (in dollars per share) 0 0.00 (0.02)
Basic and diluted net income (loss) per unit attributable to common unitholders (in dollars per share) [4] $ (0.37) $ (0.16) $ (0.04)
[1]
Represents net loss (income) attributable to limited partners and a consolidated joint venture partner.
[2] Amounts may not total due to rounding.
[3]
Represents net loss attributable to a consolidated joint venture partner.
[4] Amounts may not total due to rounding.