VEREIT is a full-service real estate operating company with investment management capability. The Company owns and manages a diversified portfolio of retail, restaurant, office and industrial real estate assets. It also provides equity capital to creditworthy corporations in return for long-term leases on their properties. 

Type
Public
HQ
Phoenix, US
Size (employees)
350 (est)
Website
vereit.com
VEREIT is headquartered in Phoenix, US
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Key People/Management at VEREIT

Glenn J. Rufrano

Glenn J. Rufrano

CEO
Lauren Goldberg

Lauren Goldberg

Executive Vice President, General Counsel & Secretary
Thomas W. Roberts

Thomas W. Roberts

Executive Vice President, Real Estate
Paul H. McDowell

Paul H. McDowell

President, Office & Industrial Group
Glenn J. Rufrano

Glenn J. Rufrano

Director, Chief Executive Officer
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VEREIT Office Locations

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

VEREIT Revenue

VEREIT's revenue was reported to be $1.45 b in FY, 2016 which is a 6.5% decrease from the previous period.
USD

Revenue (Q2, 2018)

630.7 m

Net income (Q2, 2018)

(41.9 m)

EBIT (Q2, 2018)

58.6 m

Market capitalization (16-Aug-2018)

7.7 b

Closing stock price (16-Aug-2018)

7.9

Cash (30-Jun-2018)

18.4 m
VEREIT's current market capitalization is $7.7 b.
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016

Revenue

240.5 m1.6 b1.6 b1.5 b

Revenue growth, %

557%(1%)(7%)

EBIT

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

EBIT margin, %

(110%)(24%)4%4%
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q1, 2018Q2, 2018

Revenue

60.9 m320.6 m382 m394 m393.7 m385 m369 m371 m362.9 m348 m336.9 m315.1 m630.7 m

General and administrative expense

1.6 m26.8 m19.1 m33.1 m34 m32.8 m29.4 m33.1 m29.8 m29.1 m29.4 m15.2 m31.5 m

Operating expense total

57.3 m512.9 m355.6 m303.9 m391.5 m288 m432.2 m287.4 m277.2 m269.2 m281.1 m240.5 m572.1 m

Depreciation and amortization

166.2 m330.4 m
Annual
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
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q1, 2018Q2, 2018

Cash

150.5 m83.1 m193.7 m788.7 m121.7 m171.7 m104.5 m1 b116.6 m285.6 m292.5 m28.4 m18.4 m

Goodwill

2.3 b2.3 b1.9 b1.8 b1.8 b1.6 b1.6 b1.6 b1.5 b1.5 b1.3 b1.3 b

Total Assets

3.2 b20.5 b21.3 b20.3 b19.2 b18.7 b16.8 b17.4 b16.1 b15.4 b15 b14.5 b14.3 b

Accounts Payable

14.7 m143.9 m154.7 m160.1 m168.9 m164.2 m119 m163.1 m139.2 m135.8 m149.3 m126.7 m141.7 m
Annual
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)
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q1, 2018Q2, 2018

Net Income

(249.4 m)(320.7 m)(363.9 m)(30.7 m)(139.4 m)(131.3 m)(116.1 m)(112.8 m)(82.6 m)14.8 m49 m32.5 m(41.9 m)

Depreciation and Amortization

73.5 m125 m452.4 m224.1 m444.7 m660.7 m208.4 m410.3 m610.3 m189.9 m380.4 m172.5 m342.3 m

Accounts Payable

4.5 m(148.1 m)(134 m)2 m14.8 m6.7 m(32.6 m)6.7 m(6.7 m)(3.3 m)9.1 m(7.7 m)4.2 m

Cash From Operating Activities

22 m(106.1 m)33.8 m230.1 m450.8 m628.1 m178.6 m410.2 m604.7 m184.3 m386.3 m149.9 m259.6 m
USDY, 2018

Financial Leverage

1.9 x
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VEREIT Online and Social Media Presence

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VEREIT Company Life and Culture

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