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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Total revenues $ 291,267 $ 278,997 $ 582,076 $ 578,179
Operating expenses:        
Acquisition-related 1,428 1,169 2,782 2,692
Merger, litigation and non-routine costs, net 6,605 (118) 6,673 (8,682)
Property operating 29,174 29,098 59,779 59,588
General and administrative 16,451 16,120 30,977 31,176
Depreciation and amortization 105,839 108,733 213,914 232,813
Impairments 14,129 12,094 45,978 20,474
Total operating expenses 173,626 167,096 360,103 338,061
Other expenses:        
Interest expense (59,291) (65,613) (120,027) (130,309)
Gain (loss) on extinguishment and forgiveness of debt, net 35 (200) (2,097) (1,480)
Other income, net 3,089 778 6,755 953
Equity in income of unconsolidated entities 464 1,497 911 1,743
Gain on disposition of real estate and real estate assets held for sale, net 16,896 8,795 92,970 34,044
Total other expenses, net (38,807) (54,743) (21,488) (95,049)
Income before taxes 78,834 57,158 200,485 145,069
Provision for income taxes (931) (1,053) (1,859) (2,101)
Net income 77,903 56,105 198,626 142,968
Net income (loss) attributable to non-controlling interests [1] (7) (31) (83) (86)
Net income attributable to the General Partner/OP $ 77,896 $ 56,074 $ 198,543 $ 142,882
Basic net income per share attributable to common stockholders (in dollars per share) $ 0.31 $ 0.20 $ 0.81 $ 0.54
Diluted net income per share attributable to common stockholders (in dollars per share) $ 0.31 $ 0.20 $ 0.81 $ 0.54
VEREIT Operating Partnership, L.P. [Member]        
Total revenues $ 291,267 $ 278,997 $ 582,076 $ 578,179
Operating expenses:        
Acquisition-related 1,428 1,169 2,782 2,692
Merger, litigation and non-routine costs, net 6,605 (118) 6,673 (8,682)
Property operating 29,174 29,098 59,779 59,588
General and administrative 16,451 16,120 30,977 31,176
Depreciation and amortization 105,839 108,733 213,914 232,813
Impairments 14,129 12,094 45,978 20,474
Total operating expenses 173,626 167,096 360,103 338,061
Other expenses:        
Interest expense (59,291) (65,613) (120,027) (130,309)
Gain (loss) on extinguishment and forgiveness of debt, net 35 (200) (2,097) (1,480)
Other income, net 3,089 778 6,755 953
Equity in income of unconsolidated entities 464 1,497 911 1,743
Gain on disposition of real estate and real estate assets held for sale, net 16,896 8,795 92,970 34,044
Total other expenses, net (38,807) (54,743) (21,488) (95,049)
Income before taxes 78,834 57,158 200,485 145,069
Provision for income taxes (931) (1,053) (1,859) (2,101)
Net income 77,903 56,105 198,626 142,968
Net income (loss) attributable to non-controlling interests [2] 28 8 31 15
Net income attributable to the General Partner/OP $ 77,931 $ 56,113 $ 198,657 $ 142,983
Basic net income per unit attributable to common stockholders (in dollars per share) $ 0.31 $ 0.20 $ 0.81 $ 0.54
Diluted net income per unit attributable to common stockholders (in dollars per share) $ 0.31 $ 0.20 $ 0.81 $ 0.54
Rental Revenue [Member]        
Total revenues $ 290,567 $ 278,576 $ 580,876 $ 577,162
Rental Revenue [Member] | VEREIT Operating Partnership, L.P. [Member]        
Total revenues 290,567 278,576 580,876 577,162
Fees From Managed Partnership [Member]        
Total revenues 700 421 1,200 1,017
Fees From Managed Partnership [Member] | VEREIT Operating Partnership, L.P. [Member]        
Total revenues $ 700 $ 421 $ 1,200 $ 1,017
[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.