VEREIT, Inc. Overview
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 Trust (REIT) - Net Lease Commercial Real Estate.
Key facts
Founded: 2010 · Headquarters: Oklahoma City, US · Market cap: $11.52B (February 2026, legacy)