Real Estate Investment Trust (REIT) - Net Lease Commercial Real Estate
Strategic Profile
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.
Cyborg Score Rationale
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.
Top Insights
VEREIT merged with Realty Income in 2021, ceasing independent operations
Pre-merger portfolio included ~4,100 properties across diversified commercial real estate sectors
As of February 2026, the historical market cap data shows $11.52 Billion USD, though this reflects legacy valuation prior to full merger integration
The merger created one of the largest REITs with combined enterprise value of ~$50 billion
Named Competitors
Realty Income — Net lease REIT; parent company post-VEREIT merger
STORE Capital — Single-tenant net lease REIT
Spirit Realty Capital — Net lease REIT with retail and industrial focus
Lexington Realty Trust — Net lease REIT focused on industrial and office
Recent Developments
(October 2021) Realty Income completed merger with VEREIT; combined company trades as NYSE:O
(November 2021) Orion Office REIT Inc. (NYSE:ONL) spun off as separate company containing office properties
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