VEREIT, Inc. is a leading, full-service real estate operating company with investment management capability. VEREIT owns and actively manages a diversified portfolio of retail, restaurant, office and industrial real estate assets with a total asset book value of $18.7 billion including approximately 4,572 properties totaling 101.9 million square feet. Additionally, VEREIT manages $6.6 billion of gross real estate investments on behalf of the Cole Capital® non-traded REITs. VEREIT is a publicly traded Maryland Corporation listed on the NYSE under the ticker symbol VER. Our name – VEREIT – is the blend of two powerful ideas: Veritas, the Latin word for truth, and REIT, the industry in which we strive to be a leader. We are committed to serving our tenants, business partners and investors through discipline, transparency and consistency. This approach guides the way we interact on every transaction because we believe that success is built on our collective achievements. VEREIT has a strong history in the commercial real estate industry, combining the best talent, assets and practices from Cole Real Estate Investments, CapLease, and American Realty Capital Properties.
Company Growth (employees)
Type
Public
HQ
Phoenix, US
Size (employees)
350 (est)
Website
vereit.com
VEREIT is headquartered in Phoenix, US

VEREIT Office Locations

VEREIT has an office in Phoenix
Phoenix, US (HQ)
1100 2325 E Camelback Rd

VEREIT Data and Metrics

VEREIT Financial Metrics

VEREIT's revenue was reported to be $1.5 b in FY, 2016 which is a 7% decrease from the previous period.
USD

Revenue (FY, 2016)

1.5 b

Revenue growth (FY, 2015 - FY, 2016), %

(7%)

Net income (FY, 2016)

(200.8 m)

EBIT (FY, 2016)

53.5 m

Market capitalization (20-Jul-2017)

8.2 b

Closing share price (20-Jul-2017)

8.5

Cash (31-Dec-2016)

256.5 m
VEREIT's current market capitalization is $8.2 b.
USDFY, 2013FY, 2014FY, 2015FY, 2016

Revenue

240.5 m1.6 b1.6 b1.5 b

Revenue growth, %

557%(1%)(7%)

Operating expense total

504.1 m2 b1.5 b1.4 b

EBIT

(263.6 m)(378.7 m)67.3 m53.5 m

EBIT margin, %

(110%)(24%)4%4%

Interest expense

80.8 m452.6 m358.4 m317.4 m

Income tax expense

36.3 m

Net Income

(411.7 m)(1 b)(323.5 m)(200.8 m)
USDFY, 2013FY, 2014FY, 2015FY, 2016

Cash

36.7 m416.7 m69.1 m256.5 m

Accounts Receivable

42 k

Goodwill

89.9 m1.9 b1.7 b1.5 b

Total Assets

5.6 b20.5 b17.4 b15.6 b

Accounts Payable

134.6 m163 m151.9 m146.1 m

Total Liabilities

7 b

Common Stock

9.1 m9 m

Preferred Stock

428 k428 k

Additional Paid-in Capital

2 b11.9 b11.9 b12.6 b

Retained Earnings

(692.4 m)(2.8 b)(3.4 b)(4.2 b)

Total Equity

1.5 b9.4 b8.5 b8.4 b

Financial Leverage

3.7 x2.2 x2 x1.8 x
USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

(411.7 m)(1 b)(323.5 m)(200.8 m)

Depreciation and Amortization

157 m916 m847.6 m806.5 m

Accounts Payable

77.5 m(16.3 m)(999 k)(3.3 m)

Cash From Operating Activities

(7.1 m)502.9 m867 m800.5 m

Capital Expenditures

(9.8 m)(34.7 m)

Cash From Investing Activities

(2.4 b)(2.6 b)932.6 m890.2 m

Cash From Financing Activities

2.3 b2.4 b(2.1 b)(1.5 b)

Interest Paid

44.3 m330.7 m

Income Taxes Paid

1.4 m7.6 m

Free Cash Flow

2.6 m537.6 m
Y, 2016

Financial Leverage

1.8 x

VEREIT Market Value History

VEREIT Online and Social Media Presence

VEREIT News and Updates

VEREIT Company Life and Culture

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