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CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY - OP - USD ($)
$ in Thousands
Total
VEREIT Operating Partnership, L.P. [Member]
VEREIT Operating Partnership, L.P. [Member]
Preferred Units [Member]
General Partner [Member]
VEREIT Operating Partnership, L.P. [Member]
Preferred Units [Member]
Limited Partner [Member]
VEREIT Operating Partnership, L.P. [Member]
Common Stock [Member]
General Partner [Member]
VEREIT Operating Partnership, L.P. [Member]
Common Stock [Member]
Limited Partner [Member]
VEREIT Operating Partnership, L.P. [Member]
Total Partners' Capital [Member]
VEREIT Operating Partnership, L.P. [Member]
Noncontrolling Interest [Member]
Beginning balance (shares) at Dec. 31, 2019     30,871,246 49,766 215,369,197 157,343    
Beginning balance at Dec. 31, 2019   $ 6,870,194 $ 460,504 $ 1,869 $ 6,402,155 $ 4,433 $ 6,868,961 $ 1,233
Increase (Decrease) in Partners' Capital [Roll Forward]                
Conversion of Limited Partners' Common OP Units to General Partner's Common OP Units (shares)         910 (910)    
Conversion of Limited Partners' Common OP Units to General Partner's Common OP Units   0     $ 45 $ (45)    
Redemption of Series F Preferred Units $ (27) (27) (27)       (27)  
Repurchases of common OP Units to settle tax obligation (shares)         (48,218)      
Repurchases of common OP Units to settle tax obligation (2,378) (2,378)     $ (2,378)   (2,378)  
Equity-based compensation, net (shares)         234,408      
Equity-based compensation, net   2,855     $ 2,855   2,855  
Distributions to Common OP Units and non-controlling interests (105) (148,299)     (148,194) (105) (148,299)  
Dividend equivalents on awards granted under the Equity Plan (1,628) (1,628)     (1,628)   (1,628)  
Distributions to Series F Preferred Units (12,947) (12,947) $ (12,928) $ (19)     (12,947)  
Net income 86,863 86,863     86,808 62 86,870 (7)
Other comprehensive income (loss) (76,602) (76,602)     $ (76,547) $ (55) (76,602)  
Ending balance (shares) at Mar. 31, 2020     30,871,246 49,766 215,556,297 156,433    
Ending balance at Mar. 31, 2020   6,718,031 $ 447,549 $ 1,850 $ 6,263,116 $ 4,290 6,716,805 1,226
Beginning balance (shares) at Dec. 31, 2019     30,871,246 49,766 215,369,197 157,343    
Beginning balance at Dec. 31, 2019   6,870,194 $ 460,504 $ 1,869 $ 6,402,155 $ 4,433 6,868,961 1,233
Increase (Decrease) in Partners' Capital [Roll Forward]                
Net income 241,885 241,885            
Other comprehensive income (loss) (69,388) (69,388)            
Ending balance (shares) at Sep. 30, 2020     18,871,246 49,766 218,248,428 152,033    
Ending balance at Sep. 30, 2020   6,485,460 $ 123,794 $ 1,809 $ 6,354,523 $ 4,130 6,484,256 1,204
Beginning balance (shares) at Mar. 31, 2020     30,871,246 49,766 215,556,297 156,433    
Beginning balance at Mar. 31, 2020   6,718,031 $ 447,549 $ 1,850 $ 6,263,116 $ 4,290 6,716,805 1,226
Increase (Decrease) in Partners' Capital [Roll Forward]                
Redemption of Series F Preferred Units   (25) (25)       (25)  
Repurchases of common OP Units to settle tax obligation (25)              
Equity-based compensation, net (shares)         13,415      
Equity-based compensation, net   4,071     $ 4,071   4,071  
Distributions to Common OP Units and non-controlling interests (61) (83,058)     (82,997) (61) (83,058)  
Dividend equivalents on awards granted under the Equity Plan (18) (18)     (18)   (18)  
Distributions to Series F Preferred Units (12,948) (12,948) $ (12,928) $ (20)     (12,948)  
Repurchase of convertible notes (204) (204)     (204)   (204)  
Net income 56,105 56,105     56,074 39 56,113 (8)
Other comprehensive income (loss) (1,893) (1,893)     $ (1,892) $ (1) (1,893)  
Ending balance (shares) at Jun. 30, 2020     30,871,246 49,766 215,569,712 156,433    
Ending balance at Jun. 30, 2020   6,680,061 $ 434,596 $ 1,830 $ 6,238,150 $ 4,267 6,678,843 1,218
Increase (Decrease) in Partners' Capital [Roll Forward]                
Issuance of common OP Units, net (shares)         2,659,332      
Issuance of common OP Units, net 89,279 89,279     $ 89,279   89,279  
Redemption of Limited Partners' Common OP Units (shares)           (4,400)    
Redemption of Limited Partners' Common OP Units (149) (149)       $ (149) (149)  
Redemption of Series F Preferred Stock/Units (shares)     (12,000,000)          
Redemption of Series F Preferred Units (300,052) (300,052) $ (300,052)       (300,052)  
Repurchases of common OP Units to settle tax obligation (shares)         (250)      
Repurchases of common OP Units to settle tax obligation (8) (8)     $ (8)   (8)  
Equity-based compensation, net (shares)         19,634      
Equity-based compensation, net   3,211     $ 3,211   3,211  
Distributions to Common OP Units and non-controlling interests (59) (84,085)     (84,026) (59) (84,085)  
Dividend equivalents on awards granted under the Equity Plan (24) (24)     (24)   (24)  
Distributions to Series F Preferred Units (10,771) (10,771) $ (10,750) $ (21)     (10,771)  
Repurchase of convertible notes (26) (26)     (26)   (26)  
Net income 98,917 98,917     98,866 65 98,931 (14)
Other comprehensive income (loss) 9,107 9,107     $ 9,101 $ 6 9,107  
Ending balance (shares) at Sep. 30, 2020     18,871,246 49,766 218,248,428 152,033    
Ending balance at Sep. 30, 2020   6,485,460 $ 123,794 $ 1,809 $ 6,354,523 $ 4,130 6,484,256 1,204
Beginning balance (shares) at Dec. 31, 2020     18,871,246 49,766 228,881,547 152,033    
Beginning balance at Dec. 31, 2020   6,842,216 $ 254,294 $ 1,787 $ 6,580,752 $ 4,209 6,841,042 1,174
Increase (Decrease) in Partners' Capital [Roll Forward]                
Issuance of common OP Units, net (shares)         35,710      
Redemption of Series F Preferred Stock/Units (shares)     (4,000,000)          
Redemption of Series F Preferred Units (100,000) (100,000) $ (100,000)       (100,000)  
Repurchases of common OP Units to settle tax obligation (shares)         (49,237)      
Repurchases of common OP Units to settle tax obligation (1,681) (1,681)     $ (1,681)   (1,681)  
Equity-based compensation, net (shares)         261,934      
Equity-based compensation, net   2,892     $ 2,892   2,892  
Distributions to Common OP Units and non-controlling interests (70) (105,928)     (105,858) (70) (105,928)  
Dividend equivalents on awards granted under the Equity Plan (1,581) (1,581)     (1,581)   (1,581)  
Distributions to Series F Preferred Units (6,525) (6,525) $ (6,506) $ (19)     (6,525)  
Net income 120,723 120,723     120,647 $ 79 120,726 (3)
Other comprehensive income (loss) 98 98     $ 98   98  
Ending balance (shares) at Mar. 31, 2021     14,871,246 49,766 229,129,954 152,033    
Ending balance at Mar. 31, 2021   6,750,214 $ 147,788 $ 1,768 $ 6,595,269 $ 4,218 6,749,043 1,171
Beginning balance (shares) at Dec. 31, 2020     18,871,246 49,766 228,881,547 152,033    
Beginning balance at Dec. 31, 2020   6,842,216 $ 254,294 $ 1,787 $ 6,580,752 $ 4,209 6,841,042 1,174
Increase (Decrease) in Partners' Capital [Roll Forward]                
Net income 260,239 260,239            
Other comprehensive income (loss) 295 295            
Ending balance (shares) at Sep. 30, 2021     0 0 229,152,001 152,033    
Ending balance at Sep. 30, 2021   6,302,739 $ 0 $ 0 $ 6,296,943 $ 4,663 6,301,606 1,133
Beginning balance (shares) at Mar. 31, 2021     14,871,246 49,766 229,129,954 152,033    
Beginning balance at Mar. 31, 2021   6,750,214 $ 147,788 $ 1,768 $ 6,595,269 $ 4,218 6,749,043 1,171
Increase (Decrease) in Partners' Capital [Roll Forward]                
Redemption of Series F Preferred Units (41) (41) (41)       (41)  
Repurchases of common OP Units to settle tax obligation (shares)         (18,042)      
Repurchases of common OP Units to settle tax obligation (100) (100)     $ (100)   (100)  
Equity-based compensation, net (shares)         37,704      
Equity-based compensation, net   4,137     $ 4,137   4,137  
Distributions to Common OP Units and non-controlling interests (70) (105,937)     (105,867) (70) (105,937)  
Dividend equivalents on awards granted under the Equity Plan (20) (20)     (20)   (20)  
Distributions to Series F Preferred Units (6,248) (6,248) $ (6,227) $ (21)     (6,248)  
Net income 77,903 77,903     77,896 $ 35 77,931 (28)
Other comprehensive income (loss) 98 98     $ 98   98  
Ending balance (shares) at Jun. 30, 2021     14,871,246 49,766 229,149,616 152,033    
Ending balance at Jun. 30, 2021   6,720,006 $ 141,520 $ 1,747 $ 6,571,413 $ 4,183 6,718,863 1,143
Increase (Decrease) in Partners' Capital [Roll Forward]                
Redemption of Series F Preferred Stock/Units (shares)     (14,871,246) (49,766)        
Redemption of Series F Preferred Units (373,032) (373,032) $ (138,407) $ (1,736) $ (233,381) 492 (373,032)  
Repurchases of common OP Units to settle tax obligation (shares)         (6,356)      
Repurchases of common OP Units to settle tax obligation (47) (47)     $ (47)   (47)  
Equity-based compensation, net (shares)         8,741      
Equity-based compensation, net   3,188     $ 3,188   3,188  
Distributions to Common OP Units and non-controlling interests (70) (105,938)     (105,868) (70) (105,938)  
Dividend equivalents on awards granted under the Equity Plan (26) (26)     (26)   (26)  
Distributions to Series F Preferred Units (3,124) (3,124) $ (3,113) $ (11)     (3,124)  
Net income 61,613 61,613     61,565 58 61,623 (10)
Other comprehensive income (loss) $ 99 99     $ 99 $ 0 99  
Ending balance (shares) at Sep. 30, 2021     0 0 229,152,001 152,033    
Ending balance at Sep. 30, 2021   $ 6,302,739 $ 0 $ 0 $ 6,296,943 $ 4,663 $ 6,301,606 $ 1,133