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CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY - OP - USD ($)
$ in Thousands
Total
VEREIT Operating Partnership, L.P. [Member]
VEREIT Operating Partnership, L.P. [Member]
Preferred Units [Member]
General Partner [Member]
VEREIT Operating Partnership, L.P. [Member]
Preferred Units [Member]
Limited Partner [Member]
VEREIT Operating Partnership, L.P. [Member]
Common Stock [Member]
General Partner [Member]
VEREIT Operating Partnership, L.P. [Member]
Common Stock [Member]
Limited Partner [Member]
VEREIT Operating Partnership, L.P. [Member]
Total Partners' Capital [Member]
VEREIT Operating Partnership, L.P. [Member]
Total Partners' Capital [Member]
Limited Partner [Member]
VEREIT Operating Partnership, L.P. [Member]
Noncontrolling Interest [Member]
Beginning balance (shares) at Dec. 31, 2018     42,834,138 86,874 967,515,165 23,715,908      
Beginning balance at Dec. 31, 2018   $ 7,300,144 $ 710,325 $ 2,883 $ 6,446,734 $ 138,931 $ 7,298,873   $ 1,271
Increase (Decrease) in Partners' Capital [Roll Forward]                  
Issuance of common OP Units (shares)         3,309,808        
Issuance of common OP Units, net $ 27,544 27,544     $ 27,544   27,544    
Conversion of Limited Partners' Common OP Units to General Partner's Common OP Units   0     $ (26) 26      
Conversion of Limited Partner Series F Preferred Units to Series F Preferred Stock (shares)     37,108 (37,108)          
Conversion of Series F Preferred Units to Series F Preferred Stock (shares) 0 0 $ 923 $ (923)          
Repurchases of common OP Units to settle tax obligation (shares)         (199,083)        
Repurchases of common OP Units to settle tax obligation (1,595) (1,595)     $ (1,595)   (1,595)    
Equity-based compensation, net (shares)         950,487        
Equity-based compensation, net   2,872     $ 2,872   2,872    
Contributions from non-controlling interest holders 64 64             64
Distributions to non-controlling interest holders (3,262) (136,742)     (133,480) (3,262) (136,742)    
Dividend equivalents on awards granted under the Equity Plan (1,222) (1,222)     (1,222)   (1,222)    
Distributions to preferred shareholders and unitholders (17,973) (17,973) $ (17,940) $ (33)     (17,973)    
Net income (loss) 70,971 70,971     69,304 1,695 70,999   (28)
Other comprehensive loss (11,189) (11,189)     $ (10,922) $ (267) (11,189)    
Ending balance (shares) at Mar. 31, 2019     42,871,246 49,766 971,576,377 23,715,908      
Ending balance at Mar. 31, 2019   7,232,874 $ 693,308 $ 1,927 $ 6,399,209 $ 137,123 7,231,567   1,307
Beginning balance (shares) at Dec. 31, 2018     42,834,138 86,874 967,515,165 23,715,908      
Beginning balance at Dec. 31, 2018   7,300,144 $ 710,325 $ 2,883 $ 6,446,734 $ 138,931 7,298,873   1,271
Increase (Decrease) in Partners' Capital [Roll Forward]                  
Distributions payable relinquished $ 7,799                
Surrender of Limited Partner OP Units (shares) (2,900,000)                
Surrender of Limited Partner OP Units $ (191,974)                
Net income (loss) (378,274) (378,274)              
Other comprehensive loss (47,669) (47,669)              
Ending balance (shares) at Sep. 30, 2019     38,871,246 49,766 1,067,688,887 20,793,463      
Ending balance at Sep. 30, 2019   7,022,042 $ 595,781 $ 1,891 $ 6,421,484 $ 1,634 7,020,790   1,252
Beginning balance (shares) at Mar. 31, 2019     42,871,246 49,766 971,576,377 23,715,908      
Beginning balance at Mar. 31, 2019   7,232,874 $ 693,308 $ 1,927 $ 6,399,209 $ 137,123 7,231,567   1,307
Increase (Decrease) in Partners' Capital [Roll Forward]                  
Issuance of common OP Units (shares)         1,773,456        
Issuance of common OP Units, net 14,534 14,534     $ 14,534   14,534    
Repurchases of common OP Units to settle tax obligation (9) (9)     $ (9)   (9)    
Equity-based compensation, net (shares)         36,066        
Equity-based compensation, net   3,883     $ 3,883   3,883    
Distributions to non-controlling interest holders (3,264) (137,105)     (133,841) (3,264) (137,105)    
Dividend equivalents on awards granted under the Equity Plan (44) (44)     (44)   (44)    
Distributions to preferred shareholders and unitholders (17,973) (17,973) $ (17,958) $ (15)     (17,973)    
Distributions payable relinquished 6,429 6,429       $ 6,429 6,429    
Surrender of Limited Partner OP Units (shares)           (2,922,445)      
Surrender of Limited Partner OP Units (26,537) (26,537)     (8,520) $ (18,017) (26,537)    
Net income (loss) 292,284 292,284     285,658 6,656 292,314   (30)
Other comprehensive loss (16,209) (16,209)     $ (15,824) $ (385) (16,209)    
Ending balance (shares) at Jun. 30, 2019     42,871,246 49,766 973,385,899 20,793,463      
Ending balance at Jun. 30, 2019   7,352,127 $ 675,350 $ 1,912 $ 6,545,046 $ 128,542 7,350,850   1,277
Increase (Decrease) in Partners' Capital [Roll Forward]                  
Issuance of common OP Units (shares)         94,300,000        
Issuance of common OP Units, net 886,926 886,926     $ 886,926   886,926    
Redemption of Series F Preferred Stock (in shares)     (4,000,000)            
Redemption of Series F Preferred Stock (100,096) (100,096) $ (63,012)   $ (37,084)   (100,096)    
Repurchases of common OP Units to settle tax obligation (shares)         (1,248)        
Repurchases of common OP Units to settle tax obligation (14) (14)     $ (14)   (14)    
Equity-based compensation, net (shares)         4,236        
Equity-based compensation, net   3,144     $ 3,144   3,144    
Distributions to non-controlling interest holders (2,859) (149,667)     (146,808) (2,859) (149,667)    
Dividend equivalents on awards granted under the Equity Plan (26) (26)     (26)   (26)    
Distributions to preferred shareholders and unitholders (16,578) (16,578) $ (16,557) $ (21)     (16,578)    
Surrender of Limited Partner OP Units (191,974) (191,974)     (83,400) (108,574) (191,974)    
Net income (loss) (741,529) (741,529)     (726,440) (15,064) (741,504)   (25)
Other comprehensive loss (20,271) (20,271)     $ (19,860) $ (411) (20,271)    
Ending balance (shares) at Sep. 30, 2019     38,871,246 49,766 1,067,688,887 20,793,463      
Ending balance at Sep. 30, 2019   7,022,042 $ 595,781 $ 1,891 $ 6,421,484 $ 1,634 7,020,790   1,252
Beginning balance (shares) at Dec. 31, 2019     30,871,246 49,766 1,076,845,984 786,719      
Beginning balance at Dec. 31, 2019   6,843,278 $ 460,504 $ 1,869 $ 6,375,239 $ 4,433 6,842,045   1,233
Increase (Decrease) in Partners' Capital [Roll Forward]                  
Conversion of Limited Partners' Common OP Units to General Partner's Common OP Units (shares)         4,549 (4,549)      
Conversion of Limited Partners' Common OP Units to General Partner's Common OP Units   0     $ 45 $ (45)      
Redemption of Series F Preferred Stock (27) (27) (27)       (27)    
Repurchases of common OP Units to settle tax obligation (shares)         (241,092)        
Repurchases of common OP Units to settle tax obligation (2,378) (2,378)     $ (2,378)   (2,378)    
Equity-based compensation, net (shares)         1,172,038        
Equity-based compensation, net   2,855     $ 2,855   2,855    
Distributions to non-controlling interest holders (105) (148,299)     (148,194) (105) (148,299)    
Dividend equivalents on awards granted under the Equity Plan (1,628) (1,628)     (1,628)   (1,628)    
Distributions to preferred shareholders and unitholders (12,947) (12,947) $ (12,928) $ (19)     (12,947)    
Net income (loss) 86,863 86,863     86,808 62 86,870   (7)
Other comprehensive loss (76,602) (76,602)     $ (76,547) $ (55) (76,602)    
Ending balance (shares) at Mar. 31, 2020     30,871,246 49,766 1,077,781,479 782,170      
Ending balance at Mar. 31, 2020   6,691,115 $ 447,549 $ 1,850 $ 6,236,200 $ 4,290 6,689,889   1,226
Beginning balance (shares) at Dec. 31, 2019     30,871,246 49,766 1,076,845,984 786,719      
Beginning balance at Dec. 31, 2019   6,843,278 $ 460,504 $ 1,869 $ 6,375,239 $ 4,433 6,842,045   1,233
Increase (Decrease) in Partners' Capital [Roll Forward]                  
Distributions payable relinquished 0                
Surrender of Limited Partner OP Units 0                
Net income (loss) 239,085 239,085              
Other comprehensive loss (69,388) (69,388)              
Ending balance (shares) at Sep. 30, 2020     18,871,246 49,766 1,091,242,138 760,169      
Ending balance at Sep. 30, 2020   6,455,744 $ 123,794 $ 1,809 $ 6,324,807 $ 4,130 6,454,540   1,204
Beginning balance (shares) at Mar. 31, 2020     30,871,246 49,766 1,077,781,479 782,170      
Beginning balance at Mar. 31, 2020   6,691,115 $ 447,549 $ 1,850 $ 6,236,200 $ 4,290 6,689,889   1,226
Increase (Decrease) in Partners' Capital [Roll Forward]                  
Redemption of Series F Preferred Stock (25) (25) (25)       (25)    
Equity-based compensation, net (shares)         67,075        
Equity-based compensation, net   4,071     $ 4,071   4,071    
Distributions to non-controlling interest holders (61) (83,058)     (82,997) (61) (83,058)    
Dividend equivalents on awards granted under the Equity Plan (18) (18)     (18)   (18)    
Distributions to preferred shareholders and unitholders (12,948) (12,948) $ (12,928) $ (20)     (12,948)    
Repurchase of convertible notes (204) (204)     (204)   (204)    
Net income (loss) 54,239 54,239     54,208 39 54,247   (8)
Other comprehensive loss (1,893) (1,893)     $ (1,892) $ (1) (1,893)    
Ending balance (shares) at Jun. 30, 2020     30,871,246 49,766 1,077,848,554 782,170      
Ending balance at Jun. 30, 2020   6,651,279 $ 434,596 $ 1,830 $ 6,209,368 $ 4,267 6,650,061   1,218
Increase (Decrease) in Partners' Capital [Roll Forward]                  
Issuance of common OP Units (shares)         13,296,662        
Issuance of common OP Units, net 89,279 89,279     $ 89,279   89,279    
Redemption of Limited Partners' Common OP Units (shares)           (22,001)      
Redemption of Limited Partners' Common OP Units (149) (149)       $ (149)   $ (149)  
Redemption of Series F Preferred Stock (in shares)     (12,000,000)            
Redemption of Series F Preferred Stock (300,052) (300,052) $ (300,052)       (300,052)    
Repurchases of common OP Units to settle tax obligation (shares)         (1,248)        
Repurchases of common OP Units to settle tax obligation (8) (8)     $ (8)   (8)    
Equity-based compensation, net (shares)         98,170        
Equity-based compensation, net   3,211     $ 3,211   3,211    
Distributions to non-controlling interest holders (59) (84,085)     (84,026) (59) (84,085)    
Dividend equivalents on awards granted under the Equity Plan (24) (24)     (24)   (24)    
Distributions to preferred shareholders and unitholders (10,771) (10,771) $ (10,750) $ (21)     (10,771)    
Repurchase of convertible notes (26) (26)     (26)   (26)    
Net income (loss) 97,983 97,983     97,932 65 97,997   (14)
Other comprehensive loss $ 9,107 9,107     $ 9,101 $ 6 9,107    
Ending balance (shares) at Sep. 30, 2020     18,871,246 49,766 1,091,242,138 760,169      
Ending balance at Sep. 30, 2020   $ 6,455,744 $ 123,794 $ 1,809 $ 6,324,807 $ 4,130 $ 6,454,540   $ 1,204