Acquired by Realty Income in October 2021
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VER - VEREIT, Inc.

NYSE -> Real Estate -> REIT—Diversified
Phoenix, United States
Type: Equity

VER price evolution
VER
(in millions $) 30 Sep 2021 30 Jun 2021 31 Mar 2021 31 Dec 2020
Current assets
Cash $16.68 $285.08 $331.26 $537.38
Short term investments
Net receivables $365.19 $368.93 $366.62
Inventory
Total current assets $680.84 $945.24
Long term investments $88.46 $88.89
Property, plant & equipment $10741.1 $10817.49 $10853.99 $10935.41
Goodwill & intangible assets $1337.77 $1337.77 $1337.77 $1337.77
Total noncurrent assets
Total investments $80.36 $80.49 $80.51 $81.64
Total assets $12578.89 $12915 $12977.36 $13324.41
Current liabilities
Accounts payable $243.58 $224.44 $223.47 $206.53
Deferred revenue
Short long term debt
Total current liabilities $239.62 $228.95
Long term debt $5590.78 $5621.58 $5913.06
Total noncurrent liabilities
Total debt $5862.72 $5790.34 $5823.6 $6122.17
Total liabilities $6276.15 $6194.99 $6227.14 $6512.84
Shareholders' equity
Retained earnings -$6692.34 -$6644.9 -$6610.68 -$6648.03
Other shareholder equity $0.83 $0.73 $0.63 $0.54
Total shareholder equity $6295.7 $6712.93 $6743.06 $6804.4
(in millions $) 31 Dec 2020 31 Dec 2019 31 Dec 2018 31 Dec 2017
Current assets
Cash $537.38 $33.88 $53.66 $61.84
Short term investments
Net receivables $366.62 $348.39 $366.09 $6.04
Inventory
Total current assets $945.24 $381.38 $370.59 $533.57
Long term investments $88.89 $76.38 $43.13 $83.76
Property, plant & equipment $10935.41 $11464.85 $12168.07 $12707.35
Goodwill & intangible assets $1337.77 $1337.77 $1337.77 $1337.77
Total noncurrent assets
Total investments $81.64 $68.83 $35.29 $123.59
Total assets $13324.41 $13280.68 $13963.49 $14705.58
Current liabilities
Accounts payable $206.53 $276.68 $332.23 $311.84
Deferred revenue
Short long term debt
Total current liabilities $228.95 $327.05 $332.23 $327.72
Long term debt $5913.06 $5387.54 $5693.04 $5089.19
Total noncurrent liabilities
Total debt $6122.17 $5926.79 $6087.92 $6073.44
Total liabilities $6512.84 $6437.4 $6663.35 $6662.7
Shareholders' equity
Retained earnings -$6648.03 -$6399.63 -$5467.24 -$4776.58
Other shareholder equity $0.54 -$27.67 -$1.28 -$3.57
Total shareholder equity $6804.4 $6835.74 $7157.06 $7884.28
(in millions $) 30 Sep 2021 30 Jun 2021 31 Mar 2021 31 Dec 2020
Revenue
Total revenue $290.19 $291.27 $290.81 $287.91
Cost of revenue $28.85 $29.17 $30.61 $31.98
Gross Profit $261.34 $262.09 $260.2 $255.93
Operating activities
Research & development
Selling, general & administrative $12.44 $16.45 $14.53 $15.4
Total operating expenses $142.85 $141.36 $155.87 $163.71
Operating income $118.49 $120.73 $104.33 $92.22
Income from continuing operations
EBIT $122.27 $138.12 $182.31 $31.95
Income tax expense $0.94 $0.93 $0.93 $1.36
Interest expense $59.77 $59.29 $60.74 $68.42
Net income
Net income $61.56 $77.9 $120.65 -$37.82
Income (for common shares) $61.56 $77.9 $120.65 -$37.82
(in millions $) 31 Dec 2020 31 Dec 2019 31 Dec 2018 31 Dec 2017
Revenue
Total revenue $1161.37 $1237.23 $1257.87 $1252.29
Cost of revenue $122.97 $129.77 $126.46 $128.72
Gross Profit $1038.4 $1107.46 $1131.41 $1123.57
Operating activities
Research & development
Selling, general & administrative $61.35 $62.71 $63.93 $58.6
Total operating expenses $585.57 $1422.06 $1053.79 $867.32
Operating income $452.83 -$314.6 $77.61 $256.25
Income from continuing operations
EBIT $471.3 -$31.02 $195.7 $328.47
Income tax expense $4.51 $4.26 $5.1 $6.88
Interest expense $265.66 $278.57 $280.89 $289.77
Net income
Net income $201.13 -$313.86 -$90.29 $31.82
Income (for common shares) $201.13 -$614.21 -$176.06 $31.82
(in millions $) 30 Sep 2021 30 Jun 2021 31 Mar 2021 31 Dec 2020
Net income $61.56 $77.9 $120.65 -$37.82
Operating activities
Depreciation $111.35 $110.87 $112.27 $115.64
Business acquisitions & disposals $0.38 $0.03 $1.12 -$20.23
Stock-based compensation $3.19 $4.14 $2.89 $3.17
Total cash flows from operations $201.78 $182.33 $180.09 $184.56
Investing activities
Capital expenditures -$58.9 -$82.78 $105.52 -$102.96
Investments $19.53
Total cash flows from investing -$59.69 -$82.03 $106.64 -$103.53
Financing activities
Dividends paid -$110.13 -$112.19 -$96.56 -$92.03
Sale and purchase of stock $1.34 $389.09
Net borrowings $72.72 -$34.15 -$296.23 -$62.94
Total cash flows from financing -$410.49 -$146.49 -$492.85 $234.07
Effect of exchange rate
Change in cash and equivalents -$268.4 -$46.19 -$206.12 $315.11
(in millions $) 31 Dec 2020 31 Dec 2019 31 Dec 2018 31 Dec 2017
Net income $201.13 -$313.86 -$90.29 $31.82
Operating activities
Depreciation $469.04 $495.23 $659.95 $745.5
Business acquisitions & disposals -$39.62 $1065.9 $626.08 $447.5
Stock-based compensation $13.3 $13.1 $13.31 $16.75
Total cash flows from operations $698.57 -$107.6 $493.91 $793.27
Investing activities
Capital expenditures $58.29 -$462.46 -$532.98 -$736.74
Investments $9.57 $9.94 $52.73 $15.9
Total cash flows from investing $31.09 $613.22 $151.12 -$274.11
Financing activities
Dividends paid -$510.75 -$665.24 -$606.68 -$608.62
Sale and purchase of stock $478.37 $1014.22 -$50.15 -$0.52
Net borrowings $108.92 -$380.72 $3.63 -$145.41
Total cash flows from financing -$226.16 -$525.4 -$655.41 -$756.6
Effect of exchange rate
Change in cash and equivalents $503.5 -$19.78 -$10.37 -$237.43
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Fundamentals
Market cap N/A
Enterprise value N/A
Shares outstanding N/A
Revenue $1.16B
EBITDA $924.77M
EBIT $474.65M
Net Income $222.29M
Revenue Q/Q -1.72%
Revenue Y/Y -1.58%
P/E ratio N/A
EV/Sales N/A
EV/EBITDA N/A
EV/EBIT N/A
P/S ratio N/A
P/B ratio N/A
Book/Share N/A
Cash/Share N/A
EPS N/A
ROA 1.72%
ROE 3.35%
Debt/Equity 0.96
Net debt/EBITDA 6.77
Current ratio N/A
Quick ratio N/A