VEREIT, Inc. - FORM 8-K/A - EX-99.1 - EXHIBIT 99.1

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file	filename
8-K/A - 8-K/A - VEREIT, Inc.	v385133_8ka.htm

EXHIBIT 99.1

American Realty Capital Properties, Inc.

Consolidated Balance Sheets

(in 000’s)

	June 30, 2014			March 31, 2014			December 31, 2013			September 30, 2013			June 30, 2013
ASSETS
Real estate investments, at cost:
Land	$	3,361,195		$	3,226,615		$	1,379,453		$	1,015,469		$	754,493
Buildings, fixtures and improvements	12,445,972			11,841,722			5,294,342			3,550,300			2,813,279
Land and construction in progress	62,594			40,459			22,230			—			—
Acquired intangible lease assets	2,231,675			2,209,747			759,786			550,396			431,953
Total real estate investments, at cost	18,101,436			17,318,543			7,455,811			5,116,165			3,999,725
Less: accumulated depreciation and amortization	(661,005		)	(422,355		)	(267,352		)	(179,103		)	(116,670		)
Total real estate investments, net	17,440,431			16,896,188			7,188,459			4,937,062			3,883,055
Investment in unconsolidated entities	102,047			105,775			—			—			—
Investment in direct financing leases, net	62,094			65,723			66,112			75,403			76,410
Investment securities, at fair value	219,204			213,803			62,067			9,480			78,002
Loans held for investment, net	97,587			98,185			26,279			—			—
Cash and cash equivalents	193,690			83,067			52,725			188,226			272,448
Restricted cash	69,544			55,559			35,881			1,680			1,576
Intangible assets, net	347,618			371,634			—			—			—
Deferred costs and other assets, net	405,056			294,694			279,261			138,485			135,068
Goodwill	2,304,880			2,287,122			96,720			—			—
Due from affiliates	73,336			8,550			—			—			—
Total assets	$	21,315,487		$	20,480,300		$	7,807,504		$	5,350,336		$	4,446,559

LIABILITIES AND EQUITY
Mortgage notes payable, net	$	4,227,494		$	4,234,668		$	1,301,114		$	272,015		$	272,042
Corporate bonds, net	2,546,089			2,545,884			—			—			—
Convertible debt, net	975,003			973,737			972,490			300,975			—
Credit facilities	1,896,000			2,415,800			1,969,800			1,310,000			600,000
Convertible obligation to Series C Convertible Preferred stockholders	—			—			—			449,827			445,000
Contingent value rights obligation to preferred and common investors	—			—			—			49,314			31,134
Other debt, net	146,158			148,809			104,804			—			—
Below-market lease liabilities, net	283,518			287,199			77,789			4,200			—
Accounts payable and accrued expenses	154,741			143,860			808,489			677,173			666,582
Deferred rent, derivative and other liabilities	218,023			195,826			40,207			12,090			8,256
Distributions payable	3,837			4,414			10,278			9,882			9,718
Due to affiliates	835			217			—			—			—
Total liabilities	10,451,698			10,950,414			5,284,971			3,085,476			2,032,732

Series D Preferred stock	269,299			269,299			269,299			—			—

Series F Preferred stock	427			427			422			422			430
Common stock	9,079			7,699			2,392			2,217			2,214
Additional paid-in capital	11,904,537			10,305,815			2,939,287			2,707,960			2,703,048
Accumulated other comprehensive income	12,392			13,397			7,666			4,885			7,582
Accumulated deficit	(1,628,354		)	(1,365,467		)	(864,516		)	(602,209		)	(447,677		)
Total stockholders’ equity	10,298,081			8,961,871			2,085,251			2,113,275			2,265,597
Non-controlling interests	296,409			298,716			167,983			151,585			148,230
Total equity	10,594,490			9,260,587			2,253,234			2,264,860			2,413,827
Total liabilities and equity	$	21,315,487		$	20,480,300		$	7,807,504		$	5,350,336		$	4,446,559

VEREIT, Inc. - FORM 8-K/A - EX-99.1 - EXHIBIT 99.1 - July 30, 2014

Attached files

VEREIT, Inc. Reports