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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Total revenues $ 290,192 $ 295,278 $ 872,268 $ 873,457
Operating expenses:        
Acquisition-related 1,373 1,050 4,155 3,742
Merger, litigation and non-routine costs, net 9,445 105 16,118 (8,577)
Property operating 28,854 31,400 88,633 90,988
General and administrative 12,437 14,774 43,414 45,950
Depreciation and amortization 106,668 108,257 320,582 341,070
Impairments 13,272 16,397 59,250 36,871
Total operating expenses 172,049 171,983 532,152 510,044
Other expenses:        
Interest expense (59,768) (66,935) (179,795) (197,244)
(Loss) gain on extinguishment and forgiveness of debt, net (5) 61 (2,102) (1,419)
Other income, net 346 73 7,101 1,026
Equity in income of unconsolidated entities 463 663 1,374 2,406
Gain on disposition of real estate and real estate assets held for sale, net 3,369 42,814 96,339 76,858
Total other expenses, net (55,595) (23,324) (77,083) (118,373)
Income before taxes 62,548 99,971 263,033 245,040
Provision for income taxes (935) (1,054) (2,794) (3,155)
Net income 61,613 98,917 260,239 241,885
Net income (loss) attributable to non-controlling interests [1] (48) (51) (131) (137)
Net income attributable to the General Partner/OP $ 61,565 $ 98,866 $ 260,108 $ 241,748
Basic net income per share attributable to common stockholders (in dollars per share) $ 0.25 $ 0.41 $ 1.06 $ 0.95
Diluted net income per share attributable to common stockholders (in dollars per share) $ 0.25 $ 0.41 $ 1.06 $ 0.95
VEREIT Operating Partnership, L.P. [Member]        
Total revenues $ 290,192 $ 295,278 $ 872,268 $ 873,457
Operating expenses:        
Acquisition-related 1,373 1,050 4,155 3,742
Merger, litigation and non-routine costs, net 9,445 105 16,118 (8,577)
Property operating 28,854 31,400 88,633 90,988
General and administrative 12,437 14,774 43,414 45,950
Depreciation and amortization 106,668 108,257 320,582 341,070
Impairments 13,272 16,397 59,250 36,871
Total operating expenses 172,049 171,983 532,152 510,044
Other expenses:        
Interest expense (59,768) (66,935) (179,795) (197,244)
(Loss) gain on extinguishment and forgiveness of debt, net (5) 61 (2,102) (1,419)
Other income, net 346 73 7,101 1,026
Equity in income of unconsolidated entities 463 663 1,374 2,406
Gain on disposition of real estate and real estate assets held for sale, net 3,369 42,814 96,339 76,858
Total other expenses, net (55,595) (23,324) (77,083) (118,373)
Income before taxes 62,548 99,971 263,033 245,040
Provision for income taxes (935) (1,054) (2,794) (3,155)
Net income 61,613 98,917 260,239 241,885
Net income (loss) attributable to non-controlling interests [2] 10 14 41 29
Net income attributable to the General Partner/OP $ 61,623 $ 98,931 $ 260,280 $ 241,914
Basic net income per unit attributable to common stockholders (in dollars per share) $ 0.25 $ 0.41 $ 1.06 $ 0.95
Diluted net income per unit attributable to common stockholders (in dollars per share) $ 0.25 $ 0.41 $ 1.06 $ 0.95
Rental Revenue [Member]        
Total revenues $ 289,671 $ 293,692 $ 870,547 $ 870,854
Rental Revenue [Member] | VEREIT Operating Partnership, L.P. [Member]        
Total revenues 289,671 293,692 870,547 870,854
Fees From Managed Partnership [Member]        
Total revenues 521 1,586 1,721 2,603
Fees From Managed Partnership [Member] | VEREIT Operating Partnership, L.P. [Member]        
Total revenues $ 521 $ 1,586 $ 1,721 $ 2,603
[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.