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Subsequent Events
6 Months Ended
Jun. 30, 2021
Subsequent Events [Abstract]  
Subsequent Events Subsequent Events
Common Stock Dividend
On August 4, 2021, the Company’s Board of Directors declared a quarterly cash dividend of $0.462 per share of Common Stock (equaling an annualized dividend rate of $1.848 per share) for the third quarter of 2021 to stockholders of record as of September 30, 2021, which will be paid on October 15, 2021. An equivalent distribution by the Operating Partnership is applicable per OP Unit.
Preferred Stock
On July 16, 2021, the Company announced that it intends to redeem all Series F Preferred Stock on August 15, 2021. Concurrently with the redemption of the Series F Preferred Stock, the OP intends to redeem all outstanding Series F Preferred Units of VEREIT OP in accordance with the terms of the OP’s agreement of limited partnership. From and after the redemption date, the Series F Preferred Stock and Series F Preferred Units will no longer be deemed outstanding and dividends shall cease to accrue.