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 Metrics

VEREIT Financial Metrics

Revenue (2016)

$1.5 b

Revenue growth (2015-16), %

(7%)

Net income (2016)

($200.8 m)

Market capitalization (21-Mar-2017)

$8.3 b

Closing share price (21-Mar-2017)

$8.5

Cash (31-Dec-2016)

$256.5 m
VEREIT's current market capitalization is $8.3 b.
VEREIT's revenue was reported to be $1.5 b in 2016 which is a 6.5% decrease from the previous period.
FY, 2013Y, 2014Y, 2015Y, 2016

Revenue

$240.5 m$1.6 b$1.6 b$1.5 b

Revenue growth, %

557%(1%)(7%)

Operating expense total

$504.1 m$2 b$1.5 b$1.4 b

EBIT

($263.6 m)($378.7 m)$67.3 m$53.5 m

EBIT margin, %

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

Interest expense

$80.8 m$452.6 m$358.4 m$317.4 m

Income tax expense

$36.3 m

Net Income

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

Cash

$36.7 m$416.7 m$69.1 m$256.5 m

Accounts Receivable

Inventories

Goodwill

$89.9 m$1.9 b$1.7 b$1.5 b

Total Assets

$5.6 b$20.5 b$17.4 b$15.6 b

Accounts Payable

$134.6 m$163 m$151.9 m$146.1 m

Common Stock

$9.1 m$9 m

Preferred Stock

$428 k$428 k

Additional Paid-in Capital

$2 b$11.9 b$11.9 b$12.6 b

Retained Earnings

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

Total Equity

$1.5 b$9.4 b$8.5 b$8.4 b

Financial Leverage

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

Net Income

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

Depreciation and Amortization

$157 m$916 m$847.6 m$788.2 m

Accounts Receivable

Inventories

Accounts Payable

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

Cash From Operating Activities

($7.1 m)$502.9 m$867 m$800.5 m

Capital Expenditures

($9.8 m)($34.7 m)

Cash From Investing Activities

($2.4 b)($2.6 b)$932.6 m$890.2 m

Interest Paid

$44.3 m$330.7 m

Income Taxes Paid

$1.4 m$7.6 m

Free Cash Flow

$2.6 m$537.6 m

VEREIT Market Value History

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VEREIT Online Presence

VEREIT News

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