VEREIT, Inc.
New York Stock ExchangeCapital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- CEO
- Glenn Rufrano
- Full Time Employees
- 160
- Sector
- Real Estate
- Industry
- REIT - Diversified
- Address
- 2325 E Camelback Rd Fl 9 Phoenix AZ United States of America 85016
- IPO Date
- Sep 7, 2011
- CIK
- 0001507385
- Website
- vereit.com
- Similar Companies
- Business
- VEREIT, Inc. VEREIT, Inc. (NYSE:VER) operates as a real estate investment trust that invests in single-tenant retail, restaurant, office, and industrial properties, primarily net leased on a long-term basis to a diverse tenant base; its portfolio includes freestanding commercial real estate properties focused on high-credit-quality tenants in sectors such as retail, restaurants, and offices, with operations concentrated in the United States. Headquartered in Phoenix, Arizona, and founded in 2010 as American Realty Capital Properties, Inc., the company rebranded to VEREIT in 2015 following resolution of prior accounting issues through significant settlements totaling over $1 billion in 2019. VEREIT owns and manages approximately 3,831 properties encompassing 89.7 million square feet as of late 2020, serving institutional and retail investors through its real estate investment and Cole Capital segments. In a major strategic development, Realty Income Corporation acquired VEREIT in an all-stock transaction completed in November 2021, with VEREIT shareholders receiving 0.705 shares of Realty Income for each VEREIT share, resulting in the combined entity's plan to spin off office properties into a separate publicly traded REIT; this merger enhanced portfolio scale and diversification while addressing legacy challenges from earlier scandals.
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VEREIT® Announces Redemption of All of the Outstanding 6.70% Series F Cumulative Redeemable Preferred Stock