VEREIT® Announces October Ordinary Dividend


PHOENIX, October 14, 2021 / PRNewswire / – VEREIT, Inc. (NYSE: VER) (“VEREIT” or the “Company”) today announced that its board of directors has declared a cash dividend of $ 0.154 per common share for the month of October, which is one-third of its previous quarterly dividend. This dividend will be payable on November 15, 2021 to shareholders of record on November 2, 2021 (the “Record Date”), only if the merger with Realty Income Corporation has not been completed prior to the Record Date. VEREIT plans to continue declaring dividends on a monthly basis until the close of the merger with Realty Income Corporation.

VEREIT is a full-service real estate operating company that owns and manages one of the largest portfolios of single-tenant commercial properties in the United States. The Company has total real estate investments of $ 14.5 billion including approximately 3,900 properties and 88.9 million square feet. VEREIT’s business model provides equity capital to solvent companies in exchange for long-term leases on their properties. VEREIT is a listed company Maryland company listed on the New York Stock Exchange. VEREIT uses and intends to continue to use its investor relations website, which can be accessed at, as a means of disclosing material non-public information and to comply with its disclosure obligations under the FD Regulation. Additional information about VEREIT can be found on social media platforms such as Twitter and LinkedIn.

Forward-looking statements
This communication may include “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act. All statements other than statements of historical fact are “forward-looking statements” for the purposes of federal and state securities laws. These forward-looking statements, which are based on current expectations, estimates and projections regarding the industry and markets in which Realty Income Corporation (“Realty Income”) and VEREIT, Inc. (“VEREIT”) operate and the beliefs and assumptions made by The management of Realty Income and the management of VEREIT involve uncertainties which could significantly affect the financial or operating results of Realty Income, VEREIT and the combined company. Words such as “expects”, “anticipates”, “intends”, “plans”, “believes”, “research”, “estimates”, “” “and variations of these words and similar expressions are intended to identify those staring statements. These forward-looking statements include, without limitation, statements regarding the expected dividend payment in October and the timing thereof, future potential dividend payments and the proposed merger involving Realty Income and VEREIT, including the timing of the closing of the merger. Although we believe that the expectations reflected in forward-looking statements are based on reasonable assumptions, we cannot guarantee that our expectations will be achieved and, therefore, actual results and results may differ materially from what is expressed or expected in these forward-looking statements. staring statements. For example, such forward-looking statements could be affected by factors including, but not limited to, risks associated with the ability to complete the Proposed Merger and the timing of the Closing of the Proposed Merger; the ability to obtain favorable interest rates on any loan contracted in connection with the proposed transactions; the impact of indebtedness contracted in connection with the proposed transactions; the ability to successfully integrate our operations and employees; the ability to realize the expected benefits and synergies from the proposed transactions as quickly or to the extent expected by financial analysts or investors; potential liability for failure to comply with regulatory or tax requirements, including maintaining REIT status; material changes in dividend rates on securities or the ability to pay dividends on common stocks or other securities; potential changes in tax legislation; changing demand for built properties; adverse changes in the financial condition of the joint venture partner (s) or major tenants; risks associated with the acquisition, development, expansion, leasing and management of properties; the risks associated with the concentration of tenants in the industry; the potential impact of the announcement of the proposed transactions or the completion of the proposed transactions on relationships, including with customers, employees, customers and competitors; the unfavorable outcome of any legal proceedings which have been or may be brought against Realty Income, VEREIT or any company separated by the combined company; significant costs related to uninsured losses, conviction or environmental issues; the ability to retain key personnel; the amount of costs, fees, expenses and charges related to the proposed transactions and the actual terms of financing that may be obtained under the proposed transactions; changes in local, national and international financial markets, insurance rates and interest rates; generally unfavorable local economic and real estate conditions; the inability of major tenants to continue paying their rent obligations due to bankruptcy, insolvency or a general downturn in their business; foreign currency exchange rate; increases in operating costs and property taxes; changes in the dividend policy for the ordinary shares of Realty Income or VEREIT or the ability of Realty Income or VEREIT to pay dividends; depreciation charges; unforeseen changes in the intention or ability of Realty Income or VEREIT to prepay certain debts prior to maturity and / or to hold certain securities until maturity; pandemics or other health crises, such as the coronavirus (COVID-19); and additional risks and factors discussed in reports filed with the United States Securities and Exchange Commission (“SEC”) by Realty Income and VEREIT. In addition, other risks and uncertainties of which Realty Income or VEREIT are not currently aware may also affect each of the companies’ forward-looking statements and may cause actual results and timing of events to differ materially from those anticipated. Forward-looking statements made in this communication are made only as of the date hereof or the dates indicated in the forward-looking statements, even if subsequently made available by Realty Income or VEREIT on their respective websites or otherwise. Neither Realty Income nor VEREIT undertakes to update or supplement any forward-looking statements to reflect actual results, new information, future events, changes in its expectations or other circumstances that exist after the date on which forward-looking statements have been made. .


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