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.
Price History & Performance
|Historical stock prices|
|Current Share Price||US$47.43|
|52 Week High||US$30.05|
|52 Week Low||US$50.98|
|1 Month Change||-5.41%|
|3 Month Change||0.59%|
|1 Year Change||41.37%|
|3 Year Change||26.99%|
|5 Year Change||-7.81%|
|Change since IPO||-25.60%|
Recent News & Updates
Vereit Now Trades At A Premium To Realty Income Merger Ratio, What To Do
Shareholders have approved the previously announced Realty Income purchase of Vereit. Shortly after the announced sale, almost all the "arbitrage value" of Vereit disappeared, and actually Vereit now trades at a premium to .7x Realty Income's share price. I was overweight both and sold most of my Realty Income, which in retrospect was an error as O yields more than VER. Yesterday I sold $45 covered calls on Vereit expiring today, nearly guaranteeing I'll be "called out" this weekend. With all due respect to the guys from R.E.M., with the points above, I feel fine with this outcome.
|VER||US REITs||US Market|
Return vs Industry: VER exceeded the US REITs industry which returned 32.5% over the past year.
Return vs Market: VER exceeded the US Market which returned 33.8% over the past year.
Stable Share Price: VER is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 2% a week.
Volatility Over Time: VER's weekly volatility (2%) has been stable over the past year.
About the Company
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 $14.6 billion including approximately 3,800 properties and 88.9 million square feet. VEREIT's business model provides equity capital to creditworthy corporations in return for long-term leases on their properties.
VEREIT Fundamentals Summary
|VER fundamental statistics|
Is VER overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|VER income statement (TTM)|
|Cost of Revenue||US$123.16m|
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
|Earnings per share (EPS)||1.00|
|Net Profit Margin||19.30%|
How did VER perform over the long term?See historical performance and comparison
3.9%Current Dividend Yield
Does VER pay a reliable dividends?See VER dividend history and benchmarks
|VEREIT dividend dates|
|Ex Dividend Date||Sep 29 2021|
|Dividend Pay Date||Oct 15 2021|
|Days until Ex dividend||9 days|
|Days until Dividend pay date||25 days|
Does VER pay a reliable dividends?See VER dividend history and benchmarks
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 ($47.43) is trading below our estimate of fair value ($96.45)
Significantly Below Fair Value: VER is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: VER is good value based on its PE Ratio (48.3x) compared to the US REITs industry average (50.1x).
PE vs Market: VER is poor value based on its PE Ratio (48.3x) compared to the US market (17.8x).
Price to Earnings Growth Ratio
PEG Ratio: VER is poor value based on its PEG Ratio (6.8x)
Price to Book Ratio
PB vs Industry: VER is good value based on its PB Ratio (1.6x) compared to the US REITs industry average (2x).
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's forecast earnings growth (7.1% per year) is above the savings rate (2%).
Earnings vs Market: VER's earnings (7.1% per year) are forecast to grow slower than the US market (14.8% per year).
High Growth Earnings: VER's earnings are forecast to grow, but not significantly.
Revenue vs Market: VER's revenue (6.6% per year) is forecast to grow slower than the US market (9.8% per year).
High Growth Revenue: VER's revenue (6.6% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: VER's Return on Equity is forecast to be low in 3 years time (5.4%).
How has VEREIT performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: VER has a large one-off gain of $48.4M impacting its June 30 2021 financial results.
Growing Profit Margin: VER became profitable in the past.
Past Earnings Growth Analysis
Earnings Trend: VER has become profitable over the past 5 years, growing earnings by 20.7% per year.
Accelerating Growth: VER has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: VER has become profitable in the last year, making it difficult to compare its past year earnings growth to the REITs industry (3.9%).
Return on Equity
High ROE: VER's Return on Equity (3.8%) is considered low.
How is VEREIT's financial position?
Financial Position Analysis
Short Term Liabilities: VER's short term assets ($656.7M) exceed its short term liabilities ($235.4M).
Long Term Liabilities: VER's short term assets ($656.7M) do not cover its long term liabilities ($6.0B).
Debt to Equity History and Analysis
Debt Level: VER's debt to equity ratio (83.2%) is considered high.
Reducing Debt: VER's debt to equity ratio has reduced from 101.9% to 83.2% over the past 5 years.
Debt Coverage: VER's debt is not well covered by operating cash flow (13.2%).
Interest Coverage: VER's interest payments on its debt are not well covered by EBIT (2.2x coverage).
What is VEREIT current dividend yield, its reliability and sustainability?
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: VER's dividend (3.9%) is higher than the bottom 25% of dividend payers in the US market (1.33%).
High Dividend: VER's dividend (3.9%) is in the top 25% of dividend payers in the US market (3.6%)
Stability and Growth of Payments
Stable Dividend: VER's dividend payments have been volatile in the past 10 years.
Growing Dividend: VER's dividend payments have fallen over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (66.4%), VER's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: VER's dividends in 3 years are forecast to be covered by earnings (62.5% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Glenn Rufrano (71 yo)
Mr. Glenn J. Rufrano has been the Chief Executive Officer and Director at VEREIT, Inc., sole general partner of VEREIT Operating Partnership, L.P. since April 1, 2015. Mr. Rufrano served as Chief executiv...
CEO Compensation Analysis
Compensation vs Market: Glenn's total compensation ($USD8.31M) is about average for companies of similar size in the US market ($USD11.33M).
Compensation vs Earnings: Glenn's compensation has been consistent with company performance over the past year.
Experienced Management: VER's management team is seasoned and experienced (6.3 years average tenure).
Experienced Board: VER's board of directors are considered experienced (6 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.
Recent Insider Transactions
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 6.3%.
VEREIT, Inc.'s employee growth, exchange listings and data sources
- Name: VEREIT, Inc.
- Ticker: VER
- Exchange: NYSE
- Founded: 2010
- Industry: Diversified REITs
- Sector: Real Estate
- Implied Market Cap: US$10.876b
- Market Cap: US$10.869b
- Shares outstanding: 229.30m
- Website: https://www.vereit.com
Number of Employees
- VEREIT, Inc.
- 2325 East Camelback Road
- 9th Floor
- United States
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/09/19 22:09|
|End of Day Share Price||2021/09/17 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.