VEREIT, Inc.

VEREIT, Inc.

VEREIT, Inc.

Overview
Date Founded

2010

Headquarters

2325 East Camelback Road,Suite 1100,Phoenix, AZ 85016

Type of Company

Public

Employees (Worldwide)

160

Industries

Trusts & Funds
Real Estate
Real Estate Investment Trusts

Company Description

VEREIT, Inc. operates as a real estate investment trust, which provides real estate investment services. It owns and manages the portfolios of single-tenant commercial properties in the U.S. The company operates through the following segments: Real Estate Investment and Cole Capital. The Real Estate Investment segment acquires, owns and operates single tenant, freestanding, commercial real estate properties, primarily subject to long term net leases with high credit quality tenants. The Cole Capital segment engages in raising capital for and managing the affairs of certain non-traded real estate investment trusts. VEREIT was founded on December 2, 2010 and is headquartered in Phoenix, AZ.

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Executives & Employees

Chief Executive Officer & Director

Chief Financial Officer, Treasurer & Executive Vice President

Chief Investment Officer & Executive Vice President

Chief Operating Officer & Executive Vice President

Secretary, Executive Vice President & General Counsel

Chief Accounting Officer & Senior Vice President

Executive Vice President-Restaurants Division

Managing Partner

Account Executive

Account Executive

Board of Directors

Chief Executive Officer at Fannie Mae

Chief Executive Officer & Director at VEREIT, Inc.

Partner at DLA Piper

Former Executive Officer & Director at Altegrity Holding Corp.

Chief Executive Officer & Director at QCP SNF West REIT LLC

Co-Founder at Peaceable Street Capital LLC

Senior Advisor at Greenhill & Co. Inc.

Former Alumni Fund Director at Bowdoin College

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Owners & Shareholders
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Cohen & Steers is a global investment manager focused on specialty asset classes, including real estate securities, listed infrastructure, real assets, preferred securities, large cap value equities and alternative strategies. Background In 1986, Martin Cohen and Robert Steers established Cohen & Steers as the first investment company to specialize in listed real estate. As the global real estate securities market evolved, we expanded our operations to Europe and Asia Pacific, forming the industry’s largest global investment team dedicated to real estate securities. Through careful consideration, we have added to our investment offerings over the years, developing related strategies designed to meet investors’ increasing demand for dividend income and real returns. Cohen & Steers was listed on the New York Stock Exchange in 2004 under the ticker: CNS. As of December 31, 2012, the company had $45.8 billion in assets under management. Cohen & Steers is headquartered in New York, with offices in London, Brussels, Hong Kong, Tokyo and Seattle.

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CenterSquare employs long-only strategies and invest client assets in global equity securities of companies in the real estate industry, including real estate investment trusts (REITs) and real estate operating companies (REOCs), and global equity securities of infrastructure businesses located in various countries throughout the world, including emerging market countries. Their actively managed real asset investment strategies include US Real Estate Securities, Global Real Estate securities, Global Ex-US Real Estate Securities, and Global Infrastructure Securities. The selection of property types and geographic regions is supported by the firm's top-down economic and capital markets forecasts. They incorporate bottom-up research on private and public capital markets, national and regional economic trends and regional real estate submarkets into analysis and decision making throughout all stages of the property investment lifecycle, including acquisition, financing, leasing and disposition.

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Eminence Capital focuses on fundamental long/short equity investing. The firm employs a research-driven, \"quality value\" investment strategy to achieve the fund's investment objective. Their investment diligence process is based on a combination of rigorous financial and qualitative analysis intended to help them determine the quality and durability of a business and determine the value of the business's security. The factors they analyze in determining the quality and durability of a business include barriers to entry, threat of substitutes, power of customers and suppliers, capital requirements, return on invested capital, earnings predictability, growth potential, quality and depth of management, rivalry among competitors, competitive position and quality of accounting. They make a two-part analysis in valuing a security. They first determine a security's current intrinsic value and then they determine the likelihood and magnitude of appreciation or depreciation in a security's future value. Eminence Capital executes their diligence and monitoring process in several ways including, but not limited to, construction of proprietary financial models and analysis; scrutiny of regulatory filings, management commentary and financial statements; evaluating third party company and industry information; performing qualitative field research to gain perspective on the industry and the company; meeting with senior management personnel; utilizing quantitative analysis and data science to enhance investment analysis; and performing thesis-specific fieldwork on topics identified during completion of their diligence.

Recent Transactions
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CIM Group LP purchases CCO Group LLC from VEREIT, Inc.

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VEREIT, Inc., American Finance Trust, Inc. purchase American Realty Capital-Retail Centers of America, Inc.

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VEREIT, Inc. issued USD Common Stock

Insider Transactions
Details Hidden
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Transaction Advisors
Legal Advisor

Advised onVEREIT, Inc. purchases Cole Real Estate Investments, Inc.

Investment Advisor

Advised onVEREIT, Inc. purchases American Realty Capital Trust IV, Inc.

Auditor

Advised onVEREIT, Inc. issued USD Common Stock

Legal Advisor

Advised onVEREIT, Inc. purchases Cole Real Estate Investments, Inc.

Legal Advisor

Advised onVEREIT, Inc. purchases Cole Real Estate Investments, Inc.

Legal Advisor

Advised onVEREIT, Inc. purchases Cole Real Estate Investments, Inc.

Advisors & Consultants
Legal Advisor

Partner at Proskauer Rose LLP

Legal Advisor

Partner at Schulte Roth & Zabel LLP

Legal Advisor

Partner at Weil, Gotshal & Manges LLP

Clients

FedEx Corporation provides customers and businesses worldwide with a broad portfolio of transportation, e-commerce and business services. With annual revenues of $43 billion, the company offers integrated business applications through operating companies competing collectively and managed collaboratively, under the respected FedEx brand. Consistently ranked among the world's most admired and trusted employers, FedEx inspires its more than 300,000 team members to remain "absolutely, positively" focused on safety, the highest ethical and professional standards and the needs of their customers and communities.

CVS Health Corp. engages in the provision of health care services. It operates through the following segments: Pharmacy Services, Retail or Long Term Care, Health Care Benefits, and Corporate. The Pharmacy Services segment offers pharmacy benefit management solutions. The Retail or Long Term Care segment includes selling of prescription drugs and assortment of general merchandise. The Health Care Benefits segment offers traditional, voluntary and consumer-directed health insurance products and related services, including medical, pharmacy, dental, behavioural health, medical management capabilities. The Corporate segment involves in providing management and administrative services. The company was founded by Stanley P. Goldstein and Ralph Hoagland in 1963 and is headquartered in Woonsocket, RI.

Walgreens Boots Alliance, Inc. engages in the provision of drug store services. The company operates through the following segments: Retail Pharmacy USA, Retail Pharmacy International, and Pharmaceutical Wholesale. The Retail Pharmacy USA segment engages in pharmacy-led health and beauty retail businesses, which sells its products under brand names Walgreens and Duane Reade. The Retail Pharmacy International segment offers retail stores, which sells products of brands No7, Boots Pharmaceuticals, Botanics, Liz Earle, and Soap & Glory. The Pharmaceutical Wholesale segment supplies medicines, other healthcare products and related services to pharmacies, doctors, health centers, and hospitals. The company was founded in 1901 and is headquartered in Deerfield, IL.

Key Stats and Financials As of 2019
Market Capitalization
$6.31B
Total Enterprise Value
$15.1B
Earnings Per Share
$-0.37
Revenue
$1.24B
Net Profit
$-300M
EBITDA
$1.04B
Enterprise Value Sales
12.22x
Debt TEV
0.39x
TEVNet Income
-50.35x
Total Equity
$6.84B
Total Debt
$5.93B
EBITDAMargin
84.06%
Enterprise Value EBITDAOperating
14.33x
Five Year Compounded Annual Growth Rate Of Revenue
-4.73%
Three Year Compounded Annual Growth Rate Of Revenue
-5.06%
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