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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Total revenues $ 278,997,000 $ 312,188,000 $ 578,179,000 $ 629,068,000
Operating expenses:        
Acquisition-related 1,169,000 985,000 2,692,000 1,970,000
Litigation and non-routine costs, net (118,000) (3,769,000) (8,682,000) (25,261,000)
Property operating 29,098,000 32,503,000 59,588,000 64,881,000
General and administrative 16,120,000 16,416,000 31,176,000 31,262,000
Depreciation and amortization 110,599,000 118,022,000 234,679,000 254,577,000
Impairments 12,094,000 8,308,000 20,474,000 20,296,000
Restructuring 0 290,000 0 9,366,000
Total operating expenses 168,962,000 172,755,000 339,927,000 357,091,000
Other (expenses) income:        
Interest expense (65,613,000) (69,803,000) (130,309,000) (141,057,000)
Loss on extinguishment and forgiveness of debt, net (200,000) (1,472,000) (1,480,000) (1,472,000)
Other income, net 778,000 3,030,000 953,000 2,591,000
Equity in income of unconsolidated entities 1,497,000 505,000 1,743,000 1,005,000
Gain on disposition of real estate and real estate assets held for sale, net 8,795,000 221,755,000 34,044,000 232,586,000
Total other (expenses) income, net (54,743,000) 154,015,000 (95,049,000) 93,653,000
Income before taxes 55,292,000 293,448,000 143,203,000 365,630,000
Provision for income taxes (1,053,000) (1,164,000) (2,101,000) (2,375,000)
Net income 54,239,000 292,284,000 141,102,000 363,255,000
Net income (loss) attributable to non-controlling interests [1] (31,000) (6,626,000) (86,000) (8,293,000)
Net income attributable to the General Partner/OP $ 54,208,000 $ 285,658,000 $ 141,016,000 $ 354,962,000
Basic and diluted net income per share attributable to common stockholders (in dollars per share) $ 0.04 $ 0.27 $ 0.11 $ 0.33
VEREIT Operating Partnership, L.P. [Member]        
Total revenues $ 278,997,000 $ 312,188,000 $ 578,179,000 $ 629,068,000
Operating expenses:        
Acquisition-related 1,169,000 985,000 2,692,000 1,970,000
Litigation and non-routine costs, net (118,000) (3,769,000) (8,682,000) (25,261,000)
Property operating 29,098,000 32,503,000 59,588,000 64,881,000
General and administrative 16,120,000 16,416,000 31,176,000 31,262,000
Depreciation and amortization 110,599,000 118,022,000 234,679,000 254,577,000
Impairments 12,094,000 8,308,000 20,474,000 20,296,000
Restructuring 0 290,000 0 9,366,000
Total operating expenses 168,962,000 172,755,000 339,927,000 357,091,000
Other (expenses) income:        
Interest expense (65,613,000) (69,803,000) (130,309,000) (141,057,000)
Loss on extinguishment and forgiveness of debt, net (200,000) (1,472,000) (1,480,000) (1,472,000)
Other income, net 778,000 3,030,000 953,000 2,591,000
Equity in income of unconsolidated entities 1,497,000 505,000 1,743,000 1,005,000
Gain on disposition of real estate and real estate assets held for sale, net 8,795,000 221,755,000 34,044,000 232,586,000
Total other (expenses) income, net (54,743,000) 154,015,000 (95,049,000) 93,653,000
Income before taxes 55,292,000 293,448,000 143,203,000 365,630,000
Provision for income taxes (1,053,000) (1,164,000) (2,101,000) (2,375,000)
Net income 54,239,000 292,284,000 141,102,000 363,255,000
Net income (loss) attributable to non-controlling interests [2] 8,000 30,000 15,000 58,000
Net income attributable to the General Partner/OP $ 54,247,000 $ 292,314,000 $ 141,117,000 $ 363,313,000
Basic and diluted net income per unit attributable to common unitholders (in dollars per share) $ 0.04 $ 0.27 $ 0.11 $ 0.33
Rental Revenue [Member]        
Total revenues $ 278,576,000 $ 312,043,000 $ 577,162,000 $ 628,886,000
Rental Revenue [Member] | VEREIT Operating Partnership, L.P. [Member]        
Total revenues 278,576,000 312,043,000 577,162,000 628,886,000
Fees From Managed Partnership [Member]        
Total revenues 421,000 145,000 1,017,000 182,000
Fees From Managed Partnership [Member] | VEREIT Operating Partnership, L.P. [Member]        
Total revenues $ 421,000 $ 145,000 $ 1,017,000 $ 182,000
[1]
Represents net income attributable to limited partners and a consolidated joint venture partner.
[2]
Represents net loss attributable to a consolidated joint venture partner.