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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2021
Dec. 31, 2020
Real estate investments, at cost:    
Land $ 2,724,975 $ 2,699,110
Buildings, fixtures and improvements 9,912,886 10,032,055
Intangible lease assets 1,908,178 1,872,461
Total real estate investments, at cost 14,546,039 14,603,626
Less: accumulated depreciation and amortization 3,917,175 3,833,084
Total real estate investments, net 10,628,864 10,770,542
Operating lease right-of-use assets 188,628 195,518
Investment in unconsolidated entities 80,487 81,639
Cash and cash equivalents 275,496 523,539
Restricted cash 9,584 13,842
Rent and tenant receivables and other assets, net 365,186 366,620
Goodwill 1,337,773 1,337,773
Real estate assets held for sale, net 28,977 65,583
Total assets 12,914,995 13,355,056
LIABILITIES AND EQUITY    
Mortgage notes payable, net 1,002,496 1,328,835
Corporate bonds, net 4,588,286 4,584,230
Below-market lease liabilities, net 115,831 120,938
Accounts payable and accrued expenses 117,445 117,015
Deferred rent and other liabilities 64,371 63,204
Distributions payable 106,999 89,514
Operating lease liabilities 199,561 209,104
Total liabilities 6,194,989 6,512,840
Commitments and contingencies (Note 10)
Preferred stock, $0.01 par value, 100,000,000 shares authorized and 14,871,246 and 18,871,246 issued and outstanding as of June 30, 2021 and December 31, 2020, respectively 149 189
Common stock, $0.01 par value, 1,500,000,000 shares authorized and 229,149,616 and 228,881,547 issued and outstanding as of June 30, 2021 and December 31, 2020, respectively 2,291 2,289
Additional paid-in capital 13,354,657 13,449,412
Accumulated other comprehensive income 732 536
Accumulated deficit (6,644,896) (6,617,380)
Total stockholders’ equity 6,712,933 6,835,046
Non-controlling interests 7,073 7,170
Total equity 6,720,006 6,842,216
Total liabilities and equity 12,914,995 13,355,056
VEREIT Operating Partnership, L.P. [Member]    
Real estate investments, at cost:    
Land 2,724,975 2,699,110
Buildings, fixtures and improvements 9,912,886 10,032,055
Intangible lease assets 1,908,178 1,872,461
Total real estate investments, at cost 14,546,039 14,603,626
Less: accumulated depreciation and amortization 3,917,175 3,833,084
Total real estate investments, net 10,628,864 10,770,542
Operating lease right-of-use assets 188,628 195,518
Investment in unconsolidated entities 80,487 81,639
Cash and cash equivalents 275,496 523,539
Restricted cash 9,584 13,842
Rent and tenant receivables and other assets, net 365,186 366,620
Goodwill 1,337,773 1,337,773
Real estate assets held for sale, net 28,977 65,583
Total assets 12,914,995 13,355,056
LIABILITIES AND EQUITY    
Mortgage notes payable, net 1,002,496 1,328,835
Corporate bonds, net 4,588,286 4,584,230
Below-market lease liabilities, net 115,831 120,938
Accounts payable and accrued expenses 117,445 117,015
Deferred rent and other liabilities 64,371 63,204
Distributions payable 106,999 89,514
Operating lease liabilities 199,561 209,104
Total liabilities 6,194,989 6,512,840
Commitments and contingencies (Note 10)
Total partners’ equity 6,718,863 6,841,042
Non-controlling interests 1,143 1,174
Total equity 6,720,006 6,842,216
Total liabilities and equity 12,914,995 13,355,056
VEREIT Operating Partnership, L.P. [Member] | Preferred Units [Member]    
LIABILITIES AND EQUITY    
General Partners' capital account 141,520 254,294
Limited Partners' capital account 1,747 1,787
VEREIT Operating Partnership, L.P. [Member] | Common Stock [Member]    
LIABILITIES AND EQUITY    
General Partners' capital account 6,571,413 6,580,752
Limited Partners' capital account $ 4,183 $ 4,209