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VEREIT, Inc.
Ticker Symbol: VER* CUSIP: 92339V308 Previous CUSIP: 92339V100 Exchange: NYSE
* NOTE: This security is no longer trading as of 11/01/2021
Company's Online Profile
BUSINESS: VEREIT, Inc. is a full-service real estate operating company with investment management capability. VEREIT owns, acquires, manages, leases and finances a diversified portfolio of retail, restaurant, office and industrial real estate assets. VEREIT’s primary focus is owning and managing single-tenant, freestanding, commercial real estate properties leased primarily to creditworthy tenants targeting properties with long-term net leases that are strategically located.
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Notes: Nov. 1, 2021 -- Realty Income Corporation (Realty Income, NYSE: O), The Monthly Dividend Company®, and VEREIT, Inc. (NYSE: VER) (“VEREIT”) today announced the completion of their previously announced merger. The common stock of the combined company will trade under the symbol “O” on the NYSE, beginning today. The closing follows the satisfaction of all conditions to the closing of the merger, including receipt of approval of the transaction by Realty Income and VEREIT stockholders, which stockholder approvals were obtained on August 12, 2021. Under the terms of the merger agreement, VEREIT stockholders were entitled to receive, for each share of VEREIT common stock held, 0.705 shares of Realty Income common stock. Dec. 17, 2020 -- VEREIT, Inc. (NYSE: VER) ("VEREIT" or the "Company"), 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., announced today that the Company has completed its previously announced one-for-five reverse stock split of its outstanding shares of common stock.
Pursuant to the reverse stock split, every five shares of VEREIT's issued and outstanding shares of common stock, $0.01 par value per share, were converted into one share of common stock, $0.01 par value per share. Fractional shares resulting from the reverse stock split will be paid in cash based on the trailing average closing price of the Company's common stock on the New York Stock Exchange for a period of three trading days prior to the effective date of the reverse stock split. The previously announced quarterly dividend of $0.077 per common share for stockholders of record as of December 31, 2020 will now be $0.385 per share after accounting for the one-for-five reverse stock split. The shares will begin trading on a split-adjusted basis on the NYSE at the opening of trading on December 18, 2020 under the same ticker, "VER," with a new CUSIP number of 92339V 308 July 31, 2015 -- Company name, symbol, cusip and market change from NASDAQ to NYSE_________________Jan. 3, 2014 -- American Realty Capital Properties, Inc. (NASDAQ: ARCP) today closed its previously announced transaction to acquire American Realty Capital Trust IV, Inc. following the approval of the transaction by ARCT IV stockholders at ARCT IV's special meeting. Under the terms of the merger agreement, as amended, ARCP issued the following consideration to ARCT IV stockholders for each ARCT IV share: (1) $9.00 in cash; (2) 0.5190 of a share of ARCP common stock (valued at $6.68 using the ARCP closing price of $12.87 on January 2, 2014, the trading day prior to the closing of the merger and representing 21.9% of the total nominal consideration); and (3) 0.5937 shares of ARCP's 6.70% Series F Cumulative Redeemable Preferred Stock (NASDAQ: ARCPP) (valued at $14.84 based on a liquidation preference of $25.00 per share of perpetual preferred stock and representing 48.6% of the total nominal consideration), for a fixed nominal consideration, as of January 2, 2014, of $30.52. ARCP issued 36.9 million shares of common stock and 42.2 million shares of Series F Preferred Stock to former ARCT IV stockholders at the closing of the merger. ARCP expects the Series F Preferred Stock to commence trading on the NASDAQ Global Select Market on Monday, January 6, 2014, the first full trading day following the closing of the merger. ARCP expects newly issued common shares to be available in former ARCT IV stockholders' accounts on Monday, January 6, 2014 as well.
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IPO - 9/7/2011 - 5.40 Million Shares @ $12.50 /share.
Link to IPO Prospectus
Previous Ticker Symbol: ARCP Changed: 7/31/2015
Previous Name: American Realty Capital Properties, Inc. Changed: 7/31/2015
Large Cap Stock -
Market Value $7.7 Billion
Company's Online Information Links
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Company's Online SEC EDGAR Filings |
Company's Email Address Links |
Address and Phone Numbers |
Address: 2325 East Camelback Road, Suite 1100, Phoenix, AZ 85016 |
Main Phone Number |
602-778-6000 |
Fax Number |
Not Available |
Investor Relations
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877-405-2653
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Toll Free Phone Number |
800-606-3610 |
CEO - Glenn J. Rufrano |
CFO - Michael J. Bartolotta |
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