VEREIT, Inc.: Business Overview, Financials & Competitive Analysis
VEREIT's legacy was transformed through integration into Realty Income, creating one of the largest REITs in the net lease sector. VEREIT ceased to exist as an independent publicly traded company following its 2021 merger with Realty Income. A cyborgScore cannot be meaningfully assessed for a merged/inactive entity.
What is VEREIT, Inc.'s industry? VEREIT, Inc. (vereit.com) operates in Real Estate Investment Trusts (REITs). AskCyborg classifies VEREIT, Inc. under Real Estate Investment Trusts (REITs) in its company registry.
VEREIT, Inc. is an American commercial property real estate investment trust (REIT) that owns, acquires, manages, leases, and finances a diversified portfolio of retail, restaurant, office, and industrial real estate ...
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Pro stress-test →VEREIT, Inc. is an American commercial property real estate investment trust (REIT) that owns, acquires, manages, leases, and finances a diversified portfolio of retail, restaurant, office, and industrial real estate assets. The company was merged into Realty Income (NYSE: O) in 2021 and no longer operates as an independent public company.
Strategic Profile
Pro stress-test →VEREIT owned and actively managed a diversified portfolio of retail, restaurant, office and industrial real estate assets with a total asset book value of $15.0 billion including approximately 4,100 properties and 91.1 million square feet, located in 49 states, as well as Puerto Rico and Canada. Additionally, VEREIT managed $7.7 billion of gross real estate investments on behalf of the Cole Capital's non-listed REITs.
Competitive Landscape
Pro stress-test →Prior to its merger, VEREIT competed with other diversified REITs and single-tenant net lease specialists in the commercial real estate sector. Major competitors in the net lease REIT space include Realty Income (post-merger parent), STORE Capital, Spirit Realty Capital, and Lexington Realty Trust.
Industry Context
VEREIT, Inc. operates in Real Estate Investment Trusts (REITs).
Key facts
Founded: 2010 · Headquarters: Oklahoma City, US · Market cap: $11.52B (February 2026, legacy)