Company
VEREIT, Inc.
Headquarters: Phoenix, AZ, United States
Founded: 2010
Employees: 160
Market Cap
$10.26 Billion
USD as of Oct. 1, 2021
Detailed Description
VEREIT is a full-service real estate operating company which owns and manages one of the largest portfolios of single-tenant commercial properties in the U.S. The Company has total real estate investments of $14.6 billion including approximately 3,800 properties and 88.9 million square feet. VEREIT's business model provides equity capital to creditworthy corporations in return for long-term leases on their properties. VEREIT is a publicly traded Maryland corporation listed on the New York Stock Exchange. VEREIT uses, and intends to continue to use, its Investor Relations website, which can be found at www.VEREIT.com, as a means of disclosing material nonpublic information and for complying with its disclosure obligations under Regulation FD.
Wikipedia Introduction
VEREIT, Inc. was a real estate investment trust headquartered in Phoenix, Arizona that invested in single-tenant retail, restaurant, office and industrial properties. As of December 31, 2020, the company owned 3,831 properties with an aggregate of 89.7 million square feet. The company was acquired by Realty Income in November 2021. The company was formerly known as American Realty Capital Properties Inc. and it changed its name after an accounting scandal. Its name was derived for the Latin word "veritas", meaning truth.
Source: Wikipedia, retrieved on March 31, 2022, 9:07 p.m.
United States
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Key People
Founder(s): Nicholas Schorsch
Glenn J. Rufrano, CEO Michael J. Bartolotta, CFO
Financials
Revenue: US$1.161 billion (2020)
Net income: US$-201 million (2020)
Total assets: US$13.324 billion (2020)
Total equity: US$6.804 billion (2020)
Stocks & Indices
VEREIT, Inc. has the following listings and related stock indices.
Stock: NYSE: VER
Stock: NYSE: VER.PR.F