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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Total revenues $ 299,182 $ 316,880
Operating expenses:    
Acquisition-related 1,523 985
Litigation and non-routine costs, net (8,564) (21,492)
Property operating 30,490 32,378
General and administrative 15,056 14,846
Depreciation and amortization 124,080 136,555
Impairments 8,380 11,988
Restructuring 0 9,076
Total operating expenses 170,965 184,336
Other (expenses) income:    
Interest expense (64,696) (71,254)
Loss on extinguishment and forgiveness of debt, net (1,280) 0
Other income (loss), net 175 (439)
Equity in income of unconsolidated entities 246 500
Gain on disposition of real estate and real estate assets held for sale, net 25,249 10,831
Total other expenses, net (40,306) (60,362)
Income before taxes 87,911 72,182
Provision for income taxes (1,048) (1,211)
Net income 86,863 70,971
Net income (loss) attributable to non-controlling interests [1] (55) (1,667)
Net income attributable to the General Partner/OP $ 86,808 $ 69,304
Basic and diluted net income per share attributable to common stockholders (in dollars per share) $ 0.07 $ 0.05
VEREIT Operating Partnership, L.P. [Member]    
Total revenues $ 299,182 $ 316,880
Operating expenses:    
Acquisition-related 1,523 985
Litigation and non-routine costs, net (8,564) (21,492)
Property operating 30,490 32,378
General and administrative 15,056 14,846
Depreciation and amortization 124,080 136,555
Impairments 8,380 11,988
Restructuring 0 9,076
Total operating expenses 170,965 184,336
Other (expenses) income:    
Interest expense (64,696) (71,254)
Loss on extinguishment and forgiveness of debt, net (1,280) 0
Other income (loss), net 175 (439)
Equity in income of unconsolidated entities 246 500
Gain on disposition of real estate and real estate assets held for sale, net 25,249 10,831
Total other expenses, net (40,306) (60,362)
Income before taxes 87,911 72,182
Provision for income taxes (1,048) (1,211)
Net income 86,863 70,971
Net income (loss) attributable to non-controlling interests [2] 7 28
Net income attributable to the General Partner/OP $ 86,870 $ 70,999
Basic and diluted net income per unit attributable to common unitholders (in dollars per share) $ 0.07 $ 0.05
Rental Revenue [Member]    
Total revenues $ 298,586 $ 316,843
Rental Revenue [Member] | VEREIT Operating Partnership, L.P. [Member]    
Total revenues 298,586 316,843
Fees From Managed Partnership [Member]    
Total revenues 596 37
Fees From Managed Partnership [Member] | VEREIT Operating Partnership, L.P. [Member]    
Total revenues $ 596 $ 37
[1]
Represents net income attributable to limited partners and a consolidated joint venture partner.
[2]
Represents net loss attributable to a consolidated joint venture partner.