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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Total revenues $ 290,809 $ 299,182
Operating expenses:    
Acquisition-related 1,354 1,523
Litigation and non-routine costs, net 68 (8,564)
Property operating 30,605 30,490
General and administrative 14,526 15,056
Depreciation and amortization 108,075 124,080
Impairments 31,849 8,380
Total operating expenses 186,477 170,965
Other income (expenses):    
Interest expense (60,736) (64,696)
Loss on extinguishment and forgiveness of debt, net (2,132) (1,280)
Other income, net 3,666 175
Equity in income of unconsolidated entities 447 246
Gain on disposition of real estate and real estate assets held for sale, net 76,074 25,249
Total other income (expenses), net 17,319 (40,306)
Income before taxes 121,651 87,911
Provision for income taxes (928) (1,048)
Net income 120,723 86,863
Net income attributable to non-controlling interests [1] (76) (55)
Net income attributable to the General Partner/OP $ 120,647 $ 86,808
Basic and diluted net income per share attributable to common stockholders (in dollars per share) $ 0.50 $ 0.34
VEREIT Operating Partnership, L.P. [Member]    
Total revenues $ 290,809 $ 299,182
Operating expenses:    
Acquisition-related 1,354 1,523
Litigation and non-routine costs, net 68 (8,564)
Property operating 30,605 30,490
General and administrative 14,526 15,056
Depreciation and amortization 108,075 124,080
Impairments 31,849 8,380
Total operating expenses 186,477 170,965
Other income (expenses):    
Interest expense (60,736) (64,696)
Loss on extinguishment and forgiveness of debt, net (2,132) (1,280)
Other income, net 3,666 175
Equity in income of unconsolidated entities 447 246
Gain on disposition of real estate and real estate assets held for sale, net 76,074 25,249
Total other income (expenses), net 17,319 (40,306)
Income before taxes 121,651 87,911
Provision for income taxes (928) (1,048)
Net income 120,723 86,863
Net income attributable to non-controlling interests [2] 3 7
Net income attributable to the General Partner/OP $ 120,726 $ 86,870
Basic and diluted net income per unit attributable to common stockholders (in dollars per share) $ 0.50 $ 0.34
Rental Revenue [Member]    
Total revenues $ 290,309 $ 298,586
Rental Revenue [Member] | VEREIT Operating Partnership, L.P. [Member]    
Total revenues 290,309 298,586
Fees From Managed Partnership [Member]    
Total revenues 500 596
Fees From Managed Partnership [Member] | VEREIT Operating Partnership, L.P. [Member]    
Total revenues $ 500 $ 596
[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.