VEREIT (VER) Misses Q4 FFO by 1c

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VEREITĀ® Announces Fourth Quarter and Full Year 2016 Operating Results

February 23, 2017 7:38 AM EST

PHOENIX, Feb. 23, 2017 /PRNewswire/ -- 

Exceeded Business Plan Disposition Targets with $2.6 Billion of Sales since 2015

Issued $1.0 Billion of Senior Notes and $702.5 Million of Equity; Significantly Improved Balance Sheet

Received Investment-Grade Ratings on Debt from Two Rating Agencies

VEREIT, Inc. (NYSE: VER) ("VEREIT" or the "Company") announced today its operating results for the three months and full year ending December 31, 2016, as well as progress on its business plan.

2016 Highlights

Net Loss of $200.8 million... More