VEREIT is a full-service real estate operating company which owns and manages one of the largest portfolios of single-tenant commercial properties in the U.S.
Adequate balance sheet and fair value.
Share Price & News
How has VEREIT's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: VER.PRF's share price has been volatile over the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: VER.PRF exceeded the US REITs industry which returned -5.9% over the past year.
Return vs Market: VER.PRF underperformed the US Market which returned 9.7% over the past year.
Price Volatility Vs. Market
How volatile is VEREIT's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Is VEREIT undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: VER.PRF ($25.19) is trading below our estimate of fair value ($40.62)
Significantly Below Fair Value: VER.PRF is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: VER.PRF is unprofitable, so we can't compare its PE Ratio to the REITs industry average.
PE vs Market: VER.PRF is unprofitable, so we can't compare its PE Ratio to the US market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate VER.PRF's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: VER.PRF is good value based on its PB Ratio (1.1x) compared to the US REITs industry average (1.5x).
How is VEREIT forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: VER.PRF is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (2.2%).
Earnings vs Market: VER.PRF is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: VER.PRF's is expected to become profitable in the next 3 years.
Revenue vs Market: VER.PRF's revenue (1.8% per year) is forecast to grow slower than the US market (8.7% per year).
High Growth Revenue: VER.PRF's revenue (1.8% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: VER.PRF's Return on Equity is forecast to be low in 3 years time (3.2%).
How has VEREIT performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: VER.PRF is currently unprofitable.
Growing Profit Margin: VER.PRF is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: VER.PRF is unprofitable, but has reduced losses over the past 5 years at a rate of 32.5% per year.
Accelerating Growth: Unable to compare VER.PRF's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: VER.PRF is unprofitable, making it difficult to compare its past year earnings growth to the REITs industry (5.2%).
Return on Equity
High ROE: VER.PRF has a negative Return on Equity (-4.35%), as it is currently unprofitable.
How is VEREIT's financial position?
Financial Position Analysis
Short Term Liabilities: VER.PRF's short term assets ($1.0B) exceed its short term liabilities ($396.9M).
Long Term Liabilities: VER.PRF's short term assets ($1.0B) do not cover its long term liabilities ($6.7B).
Debt to Equity History and Analysis
Debt Level: VER.PRF's debt to equity ratio (95.8%) is considered high.
Reducing Debt: VER.PRF's debt to equity ratio has reduced from 111.2% to 95.8% over the past 5 years.
Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: VER.PRF has sufficient cash runway for more than 3 years based on its current free cash flow.
Forecast Cash Runway: VER.PRF has sufficient cash runway for 1.9 years if free cash flow continues to reduce at historical rates of 3.7% each year.
What is VEREIT's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: VER.PRF's dividend (4.48%) is higher than the bottom 25% of dividend payers in the US market (1.6%).
High Dividend: VER.PRF's dividend (4.48%) is in the top 25% of dividend payers in the US market (4.22%)
Stability and Growth of Payments
Stable Dividend: VER.PRF has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: VER.PRF has only been paying a dividend for 9 years, and since then payments have fallen.
Current Payout to Shareholders
Dividend Coverage: VER.PRF is paying a dividend but the company is unprofitable.
Future Payout to Shareholders
Future Dividend Coverage: VER.PRF's dividends in 3 years are not forecast to be well covered by earnings (248.8% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Glenn Rufrano (69yo)
Mr. Glenn J. Rufrano has been the Chief Executive Officer and Director at VEREIT, Inc., sole general partner of VEREIT Operating Partnership, L.P. since April 1, 2015. Mr. Rufrano served as Chief executiv ...
CEO Compensation Analysis
Compensation vs Market: Glenn's total compensation ($USD6.82M) is about average for companies of similar size in the US market ($USD6.97M).
Compensation vs Earnings: Glenn's compensation has been consistent with company performance over the past year.
|CEO & Director||5.17yrs||US$6.82m||0.13% $9.1m|
|Executive VP & CFO||4.67yrs||US$2.84m||0.019% $1.3m|
|Executive VP & COO||4.67yrs||US$2.67m||0.019% $1.3m|
|Executive VP & Chief Investment Officer||4.67yrs||US$3.07m||0.037% $2.6m|
|Executive VP||5.08yrs||US$2.59m||0.016% $1.1m|
|Senior VP & Chief Accounting Officer||5.5yrs||no data||0.0015% $103.9k|
|Senior Vice President of Investor Relations||no data||no data||no data|
|Executive Vice President of Restaurants Division||6.58yrs||no data||no data|
|Senior VP||no data||no data||no data|
Experienced Management: VER.PRF's management team is seasoned and experienced (5.1 years average tenure).
|CEO & Director||5.17yrs||US$6.82m||0.13% $9.1m|
|Independent Director||5yrs||US$261.43k||0.0022% $153.0k|
|Independent Non-Executive Chairman||5.17yrs||US$326.24k||0.010% $703.6k|
|Independent Director||4.75yrs||US$257.74k||0.0032% $220.9k|
|Independent Director||5.17yrs||US$294.50k||0.0041% $285.3k|
|Independent Director||4.75yrs||US$277.54k||0.0020% $137.1k|
|Independent Director||3.33yrs||US$267.41k||0.00022% $15.2k|
|Independent Director||3.33yrs||US$244.91k||0.00022% $15.2k|
Experienced Board: VER.PRF's board of directors are considered experienced (4.9 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 8.2%.
VEREIT, Inc.'s company bio, employee growth, exchange listings and data sources
- Name: VEREIT, Inc.
- Ticker: VER.PRF
- Exchange: NYSE
- Founded: 2010
- Industry: Diversified REITs
- Sector: Real Estate
- Implied Market Cap: US$6.925b
- Market Cap: US$7.416b
- Shares outstanding: 1.08b
- Website: https://www.vereit.com
Number of Employees
- VEREIT, Inc.
- 2325 East Camelback Road
- 9th Floor
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|VER||NYSE (New York Stock Exchange)||Yes||Common Stock||US||USD||Sep 2011|
|50A||DB (Deutsche Boerse AG)||Yes||Common Stock||DE||EUR||Sep 2011|
|VER.PRF||NYSE (New York Stock Exchange)||PFD SER F||US||USD||Jan 2014|
VEREIT is a full-service real estate operating company which owns and manages one of the largest portfolios of single-tenant commercial properties in the U.S. The Company has total real estate investments of $14.8 billion including approximately 3,900 properties and 89.5 million square feet. VEREIT's business model provides equity capital to creditworthy corporations in return for long-term leases on their properties. VEREIT is a publicly traded Maryland corporation listed on the New York Stock Exchange.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/06/06 05:41|
|End of Day Share Price||2020/06/05 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.