Vereit

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eröffnet am: 10.01.19 15:22 von: Xarope Anzahl Beiträge: 14
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10.01.19 15:22
1

2041 Postings, 1545 Tage XaropeVereit

Da ich diese Woche auch bei Vereit mit kleiner Posi rein bin wollt ich einfach mal en Thread zu eröffnen.

Vereit selbst über sich:
Fully Diversified Real Estate Operating Company
Owners and Operators of a Large and Diversified Single-Tenant Real Estate Portfolio

Dazu noch aus:
https://www.vereit.com/about-us
VEREIT owns and actively manages a diversified portfolio of retail, restaurant, office and industrial real estate assets subject to long-term net leases with high credit quality tenants. Our focus is on properties that are strategically located and essential to the business operations of the tenant, as well as retail properties that offer necessity- and value-oriented products or services.

 

26.01.19 09:06

2041 Postings, 1545 Tage XaropeVereit

Taking A Look At Vereit

https://seekingalpha.com/article/4234506-taking-look-vereit

Summary

  • Yield over 7% is covered with a payout ratio of 76%.
  • Favorable valuation with P/FFO at 10.77x.
  • The new management team appears to be turning things around.
  • The vast majority of lawsuits have been settled, removing uncertainty.
 

23.02.19 08:44

2041 Postings, 1545 Tage XaropeVereit

VEREIT® Announces Fourth Quarter and Full Year 2018 Operating Results

https://www.bloomberg.com/press-releases/...ar-2018-operating-results

2018 Highlights

  o Net loss of $(91.7) million and net loss per diluted share of $(0.17)
  o Achieved $0.72 AFFO per diluted share
  o Completed $500.1 million of acquisitions and $567.4 million of
    dispositions
  o Repurchased 7.2 million shares of common stock at an average price of
    $6.94
  o Entered into a new $2.9 billion credit facility enhancing liquidity and
    financial flexibility
  o Issued $550.0 million aggregate principal amount of 4.625% senior notes
    due 2025 and repaid $597.5 million principal outstanding 2018 convertible
    notes
  o Total debt went from $6.07 billion to $6.09 billion; Net Debt from $6.05
    billion to $6.09 billion, or 39.5% Net Debt to Gross Real Estate
    Investments
  o Net Debt to Normalized EBITDA ended at 5.9x
  o Closed the sale of Cole Capital, simplifying the business model
  o Settled claims of shareholders representing approximately 33.5% of
    VEREIT's outstanding shares for a total of $233.2 million

Fourth Quarter and Full Year 2018 Financial Results

Rental Revenue
Rental Revenue for the quarter ended December 31, 2018 decreased $3.3 million
to $313.3 million as compared to revenue of $316.6 million for the same
quarter in 2017.

Rental Revenue for 2018 increased $5.6 million to $1.26 billion as compared to
$1.25 billion in 2017.

 

23.02.19 09:21

2041 Postings, 1545 Tage XaropeVereit

VEREIT, Inc. (VER) CEO Glenn Rufrano on Q4 2018 Results - Earnings Call Transcript

https://seekingalpha.com/article/...-results-earnings-call-transcript  

16.03.19 08:52

2041 Postings, 1545 Tage XaropeVereit

Vereit Is A Diamond In The Rough That Yields 6.8%

https://seekingalpha.com/article/...-diamond-rough-yields-6_8-percent

  • Vereit is an affirmative buy and we believe that shares could generate returns of ~15% over the next 12-18 months.
 

30.03.19 08:44

2041 Postings, 1545 Tage XaropeVereit: Checking In With This 6.5%-Yielding REIT

Vereit: Checking In With This 6.5%-Yielding REIT Gem

https://seekingalpha.com/article/...ing-6_5-percent-yielding-reit-gem

Summary

- VEREIT remains an interesting income vehicle for high-yield investors.

- VEREIT has strong diversification and distribution coverage metrics.

- Shares are moderately valued, in my opinion.

- An investment in VER yields 6.5 percent.

 

03.05.19 09:09

2041 Postings, 1545 Tage XaropeVereit: Why VEREIT Is a Dividend Investor's Dream

Why VEREIT Is a Dividend Investor's Dream

https://www.fool.com/investing/2019/05/01/...end-investors-dream.aspx

What about the actual business? VEREIT is in pretty good shape. It owns nearly 4,000 properties, making it one of the largest net lease REITs in the industry. Net-lease assets are fairly low risk because the lessee is responsible for most of the operating costs, and such properties usually come with long-term leases. For example, VEREIT's average remaining lease was nearly nine years at year-end 2018. That should be long enough to get it through the next economic downturn, whenever it comes.  
...
VEREIT, however, is a bit unique in the net lease space because it has a fairly diversified portfolio (many peers focus almost exclusively on retail assets). VEREIT's rent breakdown is 42% retail, 21% restaurant, 19% office, and the remainder industrial properties.

 

11.05.19 08:52

2041 Postings, 1545 Tage XaropeVereit: Announces First Quarter 2019 Operating Res

VEREIT® Announces First Quarter 2019 Operating Results

https://www.bloomberg.com/press-releases/...er-2019-operating-results

First Quarter 2019 Financial and Operating Highlights

  o Net income of $71.0 million and net income per diluted share of $0.05
  o Achieved $0.18 AFFO per diluted share
  o Completed $80.7 million of acquisitions and $70.5 million of dispositions
    in the first quarter of 2019 and $125.0 million and $243.5 million
    year-to-date
  o Repaid $750.0 million principal outstanding related to the 2019 corporate
    bonds utilizing the remainder of the $900.0 million unsecured term loan
    facility
  o Total debt went from $6.09 billion to $6.02 billion; Net Debt from $6.09
    billion to $6.05 billion, or 39.3% Net Debt to Gross Real Estate
    Investments
  o Net Debt to Normalized EBITDA ended at 5.7x
  o Issued 5.0 million shares year-to-date at a weighted average price of
    $8.42 for gross proceeds of $42.5 million under its "at the market" equity
    offering program
  o Formed an institutional partnership including six VEREIT industrial assets
    totaling approximately $407.0 million expected to close by the end of May

Rental Revenue
Rental Revenue for the quarter ended March 31, 2019 increased $1.7 million to
$316.8 million as compared to revenue of $315.1 million for the same quarter
in 2018.

Net Income and Net Income Attributable to Common Stockholders per Diluted
Share
Net income for the quarter ended March 31, 2019 increased $42.0 million to
$71.0 million as compared to net income of $29.0 million for the same quarter
in 2018, and net income per diluted share increased $0.04 to $0.05 for the
quarter ended March 31, 2019, as compared to net income per diluted share of
$0.01 for the same quarter in 2018.

Normalized EBITDA
Normalized EBITDA for the quarter ended March 31, 2019 increased $1.5 million
to $263.9 million as compared to Normalized EBITDA of $262.4 million for the
same quarter in 2018.

 

11.05.19 09:12

2041 Postings, 1545 Tage XaropeVereit: Q1 2019 Earnings Call Transcript

VEREIT, Inc. (VER) CEO Glenn Rufrano on Q1 2019 Results - Earnings Call Transcript

https://seekingalpha.com/article/...-results-earnings-call-transcript


 

01.06.19 08:42

2041 Postings, 1545 Tage XaropeVereit: Closing of $407.0 Million Institutional Pa

VEREIT® Announces Closing of $407.0 Million Institutional Partnership with Korea Investment & Securities Advised by Ocean West

https://www.bloomberg.com/press-releases/...ies-advised-by-ocean-west

PHOENIX, May 31, 2019 /PRNewswire/ -- VEREIT, Inc. (NYSE: VER) announced today
it has closed on the previously reported institutional partnership which
includes six assets totaling approximately $407.0 million and 4.8 million
square feet of industrial assets with investment grade tenants. These assets
make up the initial portfolio of a new Korea Investment & Securities Co., Ltd.
("KIS") industrial fund which will be advised by Ocean West Capital Partners
LLC ("Ocean West"). VEREIT was represented by Mark Penrod, Managing Director,
and Daniel Prendiville, Vice President, at Eastdil Secured, L.L.C. ("Eastdil
Secured").

...

The stakeholders have agreed to a traditional 80/20 equity structure. The
portfolio of industrial assets is currently 100% leased and located across
five different states.  The investment was made at a capitalization rate just
under 6.0%.

 

17.07.19 16:12

2041 Postings, 1545 Tage XaropeVereit: $10 Is Finally In Sight

Vereit: $10 Is Finally In Sight

https://seekingalpha.com/article/4274714-vereit-10-finally-sight

Summary
- VEREIT's stock price has rebounded nicely in July; retains upside potential.
- Shares are no longer overbought, but are still attractively valued.
- I see between 9% and 18% upside over the short haul.
- VER is my best bet in the net lease sector right now.

VEREIT, Inc.'s (NYSE:VER) shares have 9-18% upside potential. The commercial property REIT has a strong investment portfolio and very decent distribution coverage, even though I think a lot of investors still underestimate VEREIT. The REIT's shares remain undervalued, in my opinion, and have a real shot of trading up to at least $10. In the meantime, investors get to collect a healthy 6.0% dividend from one of the largest, most-diversified property REITs in the United States.

 

08.08.19 08:24

2041 Postings, 1545 Tage XaropeVereit: Second Quarter 2019 Operating Results

VEREIT® Announces Second Quarter 2019 Operating Results

https://www.bloomberg.com/press-releases/...er-2019-operating-results

Second Quarter 2019 Financial and Operating Highlights

  o Net income of $292.3 million and net income per diluted share of $0.27
  o Achieved $0.18 AFFO per diluted share
  o Acquisitions totaled $118.7 million in the second quarter of 2019 and
    $221.2 million year-to-date
  o Formed an 80/20 industrial partnership on May 30, 2019, including six
    VEREIT industrial assets totaling approximately $407.5 million which
    contributed $326.0 million to total dispositions
  o Portfolio dispositions totaled $332.3 million in the second quarter of
    2019 and $430.3 million year-to-date
  o Total debt decreased from $6.02 billion to $5.66 billion; Net Debt from
    $6.05 billion to $5.51 billion, or 36.9% Net Debt to Gross Real Estate
    Investments
  o Net Debt to Normalized EBITDA was reduced from 5.7x to 5.3x

Second Quarter 2019 Financial Results

Rental Revenue
Rental Revenue for the quarter ended June 30, 2019 decreased $3.7 million to
$312.0 million as compared to revenue of $315.7 million for the same quarter
in 2018.

Net Income and Net Income Attributable to Common Stockholders per Diluted
Share
Net income for the quarter ended June 30, 2019 increased $367.0 million to
$292.3 million as compared to net loss of $(74.7) million for the same quarter
in 2018, and net income per diluted share increased $0.36 to $0.27 for the
quarter ended June 30, 2019, as compared to net loss per diluted share of
$(0.09) for the same quarter in 2018.

Normalized EBITDA
Normalized EBITDA for the quarter ended June 30, 2019 increased $0.9 million
to $260.3 million as compared to Normalized EBITDA of $259.4 million for the
same quarter in 2018.

Funds From Operations Attributable to Common Stockholders and Limited Partners
("FFO") and FFO per Diluted Share
FFO for the quarter ended June 30, 2019 increased $102.0 million to $179.0
million, as compared to $77.0 million for the same quarter in 2018, and FFO
per diluted share increased $0.10 to $0.18 for the quarter ended June 30,
2019, as compared to FFO per diluted share of $0.08 for the same quarter in
2018.

Adjusted FFO Attributable to Common Stockholders and Limited Partners ("AFFO")
and AFFO per Diluted Share
AFFO for the quarter ended June 30, 2019 decreased $1.7 million to $177.1
million, as compared to $178.8 million for the same quarter in 2018, and AFFO
per diluted share remained constant at $0.18 for the quarter ended June 30,
2019, as compared to the same quarter in 2018.

 

10.08.19 08:49

2041 Postings, 1545 Tage XaropeVereit: Q2 2019 Results - Earnings Call Transcript

VEREIT, Inc. (VER) CEO Glenn Rufrano on Q2 2019 Results - Earnings Call Transcript

https://seekingalpha.com/article/...-results-earnings-call-transcript


 

14.09.19 08:30

2041 Postings, 1545 Tage XaropeVereit: Enters Into Agreements to Settle Pending L

VEREIT® Enters Into Agreements to Settle Pending Litigations

https://www.bloomberg.com/press-releases/...ettle-pending-litigations

VEREIT, Inc. (NYSE: VER) announced
today that VEREIT, Inc. and VEREIT Operating Partnership, L.P. (the "Operating
Partnership" and, together with VEREIT, Inc., "VEREIT" or the "Company")
entered into agreements to settle certain outstanding litigation, including
the pending class action litigation, In re American Realty Capital Properties,
Inc. Litigation, No. 1:15-mc-00040 (AKH) (the "Class Action") and the
remaining opt out actions, Jet Capital Master Fund, L.P., et al. v. American
Realty Capital Properties, Inc., et al., No. 1:15-cv-00307 -AKH and Lakewood
Capital Partners, LP v. American Realty Capital Properties, Inc., et al.,
Index. No. 653676/2019, (together, the "Opt Out Actions") at a cost to the
Company of approximately $765.5 million, comprised of a contribution of $738.5
million toward the Class Action settlement and $27.0 million toward the Opt
Out Action settlements.

...

Glenn J. Rufrano, Chief Executive Officer, stated, "VEREIT is pleased to enter
into agreements that we expect will bring these litigations to a conclusion.
The Company believes the settlements are in the Company's best interest and
that of its shareholders, as they eliminate the risk of adverse judgments at
trial, put an end to timing uncertainties, and remove the burdens and costs of
these litigations."

 

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