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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Total revenues $ 295,278,000 $ 303,301,000 $ 873,457,000 $ 932,369,000
Operating expenses:        
Acquisition-related 1,050,000 1,199,000 3,742,000 3,169,000
Litigation and non-routine costs, net 105,000 832,024,000 (8,577,000) 806,763,000
Property operating 31,400,000 30,822,000 90,988,000 95,703,000
General and administrative 14,774,000 14,483,000 45,950,000 45,745,000
Depreciation and amortization 109,191,000 115,111,000 343,870,000 369,688,000
Impairments 16,397,000 3,944,000 36,871,000 24,240,000
Restructuring 0 783,000 0 10,149,000
Total operating expenses 172,917,000 998,366,000 512,844,000 1,355,457,000
Other (expenses) income:        
Interest expense (66,935,000) (67,889,000) (197,244,000) (208,946,000)
Gain (loss) on extinguishment and forgiveness of debt, net 61,000 975,000 (1,419,000) (497,000)
Other income, net 73,000 2,421,000 1,026,000 5,012,000
Equity in income of unconsolidated entities 663,000 677,000 2,406,000 1,682,000
Gain on disposition of real estate and real estate assets held for sale, net 42,814,000 18,520,000 76,858,000 251,106,000
Total other (expenses) income, net (23,324,000) (45,296,000) (118,373,000) 48,357,000
Income (loss) before taxes 99,037,000 (740,361,000) 242,240,000 (374,731,000)
Provision for income taxes (1,054,000) (1,168,000) (3,155,000) (3,543,000)
Net income (loss) 97,983,000 (741,529,000) 239,085,000 (378,274,000)
Net (income) loss attributable to non-controlling interests [1] (51,000) 15,089,000 (137,000) 6,796,000
Net income (loss) attributable to the General Partner/OP $ 97,932,000 $ (726,440,000) $ 238,948,000 $ (371,478,000)
Basic and diluted net income (loss) per share attributable to common stockholders (in dollars per share) $ 0.08 $ (0.76) $ 0.19 $ (0.43)
VEREIT Operating Partnership, L.P. [Member]        
Total revenues $ 295,278,000 $ 303,301,000 $ 873,457,000 $ 932,369,000
Operating expenses:        
Acquisition-related 1,050,000 1,199,000 3,742,000 3,169,000
Litigation and non-routine costs, net 105,000 832,024,000 (8,577,000) 806,763,000
Property operating 31,400,000 30,822,000 90,988,000 95,703,000
General and administrative 14,774,000 14,483,000 45,950,000 45,745,000
Depreciation and amortization 109,191,000 115,111,000 343,870,000 369,688,000
Impairments 16,397,000 3,944,000 36,871,000 24,240,000
Restructuring 0 783,000 0 10,149,000
Total operating expenses 172,917,000 998,366,000 512,844,000 1,355,457,000
Other (expenses) income:        
Interest expense (66,935,000) (67,889,000) (197,244,000) (208,946,000)
Gain (loss) on extinguishment and forgiveness of debt, net 61,000 975,000 (1,419,000) (497,000)
Other income, net 73,000 2,421,000 1,026,000 5,012,000
Equity in income of unconsolidated entities 663,000 677,000 2,406,000 1,682,000
Gain on disposition of real estate and real estate assets held for sale, net 42,814,000 18,520,000 76,858,000 251,106,000
Total other (expenses) income, net (23,324,000) (45,296,000) (118,373,000) 48,357,000
Income (loss) before taxes 99,037,000 (740,361,000) 242,240,000 (374,731,000)
Provision for income taxes (1,054,000) (1,168,000) (3,155,000) (3,543,000)
Net income (loss) 97,983,000 (741,529,000) 239,085,000 (378,274,000)
Net (income) loss attributable to non-controlling interests [2] 14,000 25,000 29,000 83,000
Net income (loss) attributable to the General Partner/OP $ 97,997,000 $ (741,504,000) $ 239,114,000 $ (378,191,000)
Basic and diluted net income (loss) per unit attributable to common unitholders (in dollars per share) $ 0.08 $ (0.76) $ 0.19 $ (0.43)
Rental Revenue [Member]        
Total revenues $ 293,692,000 $ 302,985,000 $ 870,854,000 $ 931,871,000
Rental Revenue [Member] | VEREIT Operating Partnership, L.P. [Member]        
Total revenues 293,692,000 302,985,000 870,854,000 931,871,000
Fees From Managed Partnership [Member]        
Total revenues 1,586,000 316,000 2,603,000 498,000
Fees From Managed Partnership [Member] | VEREIT Operating Partnership, L.P. [Member]        
Total revenues $ 1,586,000 $ 316,000 $ 2,603,000 $ 498,000
[1] Represents net (income) loss attributable to limited partners and a consolidated joint venture partner.
[2] Represents net loss attributable to a consolidated joint venture partner.