VEREIT, Inc.
VER-PF
New York Stock Exchange24.99
USD
-0.01
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VEREIT, Inc.
VER-PF
(New York Stock Exchange)
Recent
price
24.99
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
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in mil. unless spec.- Similar Companies
- Business
- VEREIT, Inc. (NYSE: VER-PF) operates as a real estate investment trust focused on owning, acquiring, managing, leasing, and financing single-tenant commercial properties net leased on a long-term basis, including retail, restaurant, office, and industrial assets across the United States. The company maintains a diversified portfolio comprising approximately 3,900 properties totaling 88.7 million square feet, serving creditworthy corporate tenants in key business segments such as commercial real estate leasing; its geographic operations center primarily in the U.S. with headquarters in Phoenix, Arizona, where it was founded in 2010 as American Realty Capital Properties Inc. and renamed VEREIT in 2015 following an accounting scandal resolution. Core offerings encompass freestanding retail centers, quick-service and casual dining restaurants, regional offices, and light industrial facilities, branded through strategic tenant relationships with national operators. In a major strategic shift, Realty Income Corporation completed its acquisition of VEREIT on November 1, 2021, integrating its portfolio into a larger net lease REIT platform while planning a spinoff of substantially all office properties into a new publicly traded entity; the ticker VER-PF represents the company's 6.70% Series F Cumulative Redeemable Preferred Stock, which continues to trade post-merger with a liquidation preference of $25 per share.