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.
IPO Year: n/a
Exchange: NYSE
Website: vereit.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 7/26/2021 | $50.00 | Overweight → Equal Weight | CapitalOne |
PHOENIX, Feb. 24, 2021 /PRNewswire/ -- VEREIT, Inc. (NYSE: VER) ("VEREIT" or the "Company") announced today its operating results for the three months and full year ending December 31, 2020. 2020 Financial and Operating Highlights Net income of $201.2 million and net income per diluted share of $0.72 Achieved $3.11 AFFO per diluted share Rent collection of 98% for the fourth quarter Invested over $1.0 billion of capital, including approximately $280.0 million acquired for the institutional partnerships and $400.0 million allocated to the redemption of the Company's 6.7% Series F Preferred Stock Office dispositions totaled $332.5 million with an additional $88.9 million in strategic sal
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SAN DIEGO, Jan. 28, 2022 /PRNewswire/ -- Realty Income Corporation ((Realty Income, NYSE:O), The Monthly Dividend Company®, today announced the final calculation of the dividend tax status for its 2021 common stock dividends. Also, Realty Income announced today the final calculation of the dividend tax status for VEREIT, Inc.'s ((VEREIT, NYSE:VER) 2021 common stock dividends and 6.70% Seres F Cumulative Redeemable Preferred Stock ((Series F Preferred Stock, NYSE:VER) dividends. A portion of the common stock dividend is considered a non-taxable distribution for both Realty Income and VEREIT. The respective tax attributes of the dividends paid per share are outlined below:
SAN DIEGO and PHOENIX, Nov. 1, 2021 /PRNewswire/ -- Realty Income Corporation ((Realty Income, NYSE:O), The Monthly Dividend Company®, and VEREIT, Inc. (NYSE:VER) ("VEREIT") today announced the completion of their previously announced merger. The common stock of the combined company will trade under the symbol "O" on the NYSE, beginning today. The closing follows the satisfaction of all conditions to the closing of the merger, including receipt of approval of the transaction by Realty Income and VEREIT stockholders, which stockholder approvals were obtained on August 12, 2021. Under the terms of the merger agreement, VEREIT stockholders were entitled to receive, for each share of VEREIT comm
PHOENIX, Oct. 29, 2021 /PRNewswire/ -- VEREIT, Inc. (NYSE:VER) ("VEREIT" or the "Company") announced today its operating results for the three months ending September 30, 2021. The Company anticipates closing its previously announced merger with Realty Income Corporation on November 1, 2021. Third Quarter 2021 Financial and Operating Highlights Net income of $61.6 million and net income per diluted share of $0.25 Achieved $0.83 AFFO per diluted share, representing a 7.8% increase compared to the same quarter in 2020 Rent collection of 99.1% Compared to last quarter, Total debt
SAN DIEGO and PHOENIX, Oct. 22, 2021 /PRNewswire/ -- Realty Income Corporation ((Realty Income, NYSE:O), The Monthly Dividend Company®, and VEREIT, Inc. (NYSE:VER) ("VEREIT") today announced that they anticipate closing their previously announced merger on November 1, 2021. In addition, the Registration Statement on Form 10 associated with the previously announced plan to spin-off substantially all the office assets from Realty Income and VEREIT, filed under the newly created company Orion Office REIT Inc. (NYSE:ONL) ("Orion"), is effective as of today, October 22, 2021. Realty Income has declared November 2, 2021 as the record date for the spin-off and November 12, 2021 as the distribution
PHOENIX, Oct. 14, 2021 /PRNewswire/ -- VEREIT, Inc. (NYSE:VER) ("VEREIT" or the "Company") announced today its Board of Directors has declared a cash dividend of $0.154 per common share for the month of October, which represents one-third of its prior quarterly dividend. This dividend will be payable on November 15, 2021 to shareholders of record on November 2, 2021 (the "Record Date"), only if the merger with Realty Income Corporation has not closed prior to the Record Date. VEREIT expects to continue declaring dividends on a monthly basis until the closing of the merger with Realty Income Corporation.
SAN DIEGO and PHOENIX, Aug. 12, 2021 /PRNewswire/ -- Realty Income Corporation (NYSE:O) ("Realty Income"), The Monthly Dividend Company®, and VEREIT, Inc. (NYSE:VER) ("VEREIT") today announced that Realty Income stockholders and VEREIT stockholders approved all of the proposals necessary for the closing of the previously announced merger pursuant to which Realty Income will acquire VEREIT. At the special meeting of Realty Income stockholders held today, approximately 98.9% of the votes cast were voted in favor of the issuance of new shares of Realty Income common stock to VERE
PHOENIX, Aug. 5, 2021 /PRNewswire/ -- VEREIT, Inc. (NYSE:VER) ("VEREIT" or the "Company") announced today its operating results for the three months ending June 30, 2021. Second Quarter 2021 Financial and Operating Highlights Net income of $77.9 million and net income per diluted share of $0.31 Achieved $0.81 AFFO per diluted share, representing an 8.0% increase compared to the same quarter in 2020 Rent collection of 99.4% Compared to last quarter, the following items remained essentially flat: Total debt - as reported at $5.6 billion; Adjusted Principal Outstanding at $5.8 bi
PHOENIX, May 6, 2021 /PRNewswire/ -- VEREIT, Inc. (NYSE:VER) ("VEREIT" or the "Company") announced today its operating results for the three months ending March 31, 2021. First Quarter 2021 Financial and Operating Highlights Net income of $120.7 million and net income per diluted share of $0.50 Achieved $0.80 AFFO per diluted share Rent collection of 99% Compared to last quarter, Total debt - as reported decreased from $5.9 billion to $5.6 billion; Adjusted Principal Outstanding decreased from $6.1 billion to $5.8 billion; Net Debt decreased from $5.6 billion to $5.5 billion;
SAN DIEGO and PHOENIX, April 29, 2021 /PRNewswire/ -- Realty Income Corporation (NYSE:O) ("Realty Income"), The Monthly Dividend Company®, and VEREIT, Inc. (NYSE:VER) ("VEREIT") today announced that the two companies have entered into a definitive merger agreement by which Realty Income will acquire VEREIT in an all-stock transaction, creating a combined company with an enterprise value of approximately $50 billion. Under the terms of the agreement, VEREIT shareholders will receive 0.705 shares of Realty Income stock for every share of VEREIT stock they own. Immediately follo
PHOENIX, Dec. 17, 2020 /PRNewswire/ -- VEREIT, Inc. (NYSE: VER) ("VEREIT" or the "Company"), 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., announced today that the Company has completed its previously announced one-for-five reverse stock split of its outstanding shares of common stock. Pursuant to the reverse stock split, every five shares of VEREIT's issued and outstanding shares of common stock, $0.01 par value per share, were converted into one share of common stock, $0.01 par value per share. Fractional shares resulting from the reverse stock split will be paid in cash based on the
SAN DIEGO, Jan. 28, 2022 /PRNewswire/ -- Realty Income Corporation ((Realty Income, NYSE:O), The Monthly Dividend Company®, today announced the final calculation of the dividend tax status for its 2021 common stock dividends. Also, Realty Income announced today the final calculation of the dividend tax status for VEREIT, Inc.'s ((VEREIT, NYSE:VER) 2021 common stock dividends and 6.70% Seres F Cumulative Redeemable Preferred Stock ((Series F Preferred Stock, NYSE:VER) dividends. A portion of the common stock dividend is considered a non-taxable distribution for both Realty Income and VEREIT. The respective tax attributes of the dividends paid per share are outlined below:
SAN DIEGO and PHOENIX, Nov. 1, 2021 /PRNewswire/ -- Realty Income Corporation ((Realty Income, NYSE:O), The Monthly Dividend Company®, and VEREIT, Inc. (NYSE:VER) ("VEREIT") today announced the completion of their previously announced merger. The common stock of the combined company will trade under the symbol "O" on the NYSE, beginning today. The closing follows the satisfaction of all conditions to the closing of the merger, including receipt of approval of the transaction by Realty Income and VEREIT stockholders, which stockholder approvals were obtained on August 12, 2021. Under the terms of the merger agreement, VEREIT stockholders were entitled to receive, for each share of VEREIT comm
PHOENIX, Oct. 29, 2021 /PRNewswire/ -- VEREIT, Inc. (NYSE:VER) ("VEREIT" or the "Company") announced today its operating results for the three months ending September 30, 2021. The Company anticipates closing its previously announced merger with Realty Income Corporation on November 1, 2021. Third Quarter 2021 Financial and Operating Highlights Net income of $61.6 million and net income per diluted share of $0.25 Achieved $0.83 AFFO per diluted share, representing a 7.8% increase compared to the same quarter in 2020 Rent collection of 99.1% Compared to last quarter, Total debt
SAN DIEGO and PHOENIX, Oct. 22, 2021 /PRNewswire/ -- Realty Income Corporation ((Realty Income, NYSE:O), The Monthly Dividend Company®, and VEREIT, Inc. (NYSE:VER) ("VEREIT") today announced that they anticipate closing their previously announced merger on November 1, 2021. In addition, the Registration Statement on Form 10 associated with the previously announced plan to spin-off substantially all the office assets from Realty Income and VEREIT, filed under the newly created company Orion Office REIT Inc. (NYSE:ONL) ("Orion"), is effective as of today, October 22, 2021. Realty Income has declared November 2, 2021 as the record date for the spin-off and November 12, 2021 as the distribution
PHOENIX, Oct. 14, 2021 /PRNewswire/ -- VEREIT, Inc. (NYSE:VER) ("VEREIT" or the "Company") announced today its Board of Directors has declared a cash dividend of $0.154 per common share for the month of October, which represents one-third of its prior quarterly dividend. This dividend will be payable on November 15, 2021 to shareholders of record on November 2, 2021 (the "Record Date"), only if the merger with Realty Income Corporation has not closed prior to the Record Date. VEREIT expects to continue declaring dividends on a monthly basis until the closing of the merger with Realty Income Corporation.
LOS ANGELES, Oct. 12, 2021 /PRNewswire/ -- Today, Fifth Wall, the largest venture capital firm focused on technologies for the global real estate industry, announced that real estate industry veteran Mary Hogan Preusse has joined the firm as its first Senior Advisor focused on strengthening Fifth Wall's relationships with its 70+ corporate real estate investors and with the broader real estate industry. Mary brings over 30 years of experience in real estate, investment management, leadership, and strategy to Fifth Wall's platform. She is the lead independent director of Kimco
SAN DIEGO and PHOENIX, Aug. 12, 2021 /PRNewswire/ -- Realty Income Corporation (NYSE:O) ("Realty Income"), The Monthly Dividend Company®, and VEREIT, Inc. (NYSE:VER) ("VEREIT") today announced that Realty Income stockholders and VEREIT stockholders approved all of the proposals necessary for the closing of the previously announced merger pursuant to which Realty Income will acquire VEREIT. At the special meeting of Realty Income stockholders held today, approximately 98.9% of the votes cast were voted in favor of the issuance of new shares of Realty Income common stock to VERE
PHOENIX, Aug. 5, 2021 /PRNewswire/ -- VEREIT, Inc. (NYSE:VER) ("VEREIT" or the "Company") announced today its operating results for the three months ending June 30, 2021. Second Quarter 2021 Financial and Operating Highlights Net income of $77.9 million and net income per diluted share of $0.31 Achieved $0.81 AFFO per diluted share, representing an 8.0% increase compared to the same quarter in 2020 Rent collection of 99.4% Compared to last quarter, the following items remained essentially flat: Total debt - as reported at $5.6 billion; Adjusted Principal Outstanding at $5.8 bi
PHOENIX, July 8, 2021 /PRNewswire/ -- VEREIT, Inc. (NYSE:VER) ("VEREIT" or the "Company") announced that it expects to issue, jointly with its operating partnership, VEREIT Operating Partnership, L.P. (the "Operating Partnership"), its Second Quarter 2021 Quarterly Report on Form 10-Q on Thursday, August 5, 2021. Due to the Company's proposed merger with Realty Income Corporation, VEREIT will not host a conference call this quarter. About VEREITVEREIT is a full-service real estate operating company which owns and manages one of the largest portfolios of single-tenant commercia
PHOENIX, May 6, 2021 /PRNewswire/ -- VEREIT, Inc. (NYSE:VER) ("VEREIT" or the "Company") announced today its operating results for the three months ending March 31, 2021. First Quarter 2021 Financial and Operating Highlights Net income of $120.7 million and net income per diluted share of $0.50 Achieved $0.80 AFFO per diluted share Rent collection of 99% Compared to last quarter, Total debt - as reported decreased from $5.9 billion to $5.6 billion; Adjusted Principal Outstanding decreased from $6.1 billion to $5.8 billion; Net Debt decreased from $5.6 billion to $5.5 billion;
CapitalOne downgraded VEREIT from Overweight to Equal Weight and set a new price target of $50.00
Morgan Stanley reiterated coverage of VEREIT with a rating of Equal-Weight and set a new price target of $48.00 from $41.00 previously
BMO Capital Markets downgraded VEREIT from Outperform to Market Perform and set a new price target of $48.00 from $45.00 previously
Evercore ISI downgraded VEREIT from Outperform to In-line
Evercore ISI Group downgraded VEREIT from Outperform to In-Line and set a new price target of $45.00
Mizuho downgraded VEREIT from Buy to Neutral and set a new price target of $48.00
Morgan Stanley reiterated coverage of VEREIT with a rating of Equal-Weight and set a new price target of $41.00 from $36.00 previously
Mizuho downgraded VEREIT from Buy to Equal Weight and set a new price target of $44.00 from $39.00 previously
Morgan Stanley reiterated coverage of VEREIT with a rating of Equal Weight and set a new price target of $36.00 from $33.75 previously
CapitalOne upgraded VEREIT from Equal Weight to Overweight and set a new price target of $48.00
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