Annual report pursuant to Section 13 and 15(d)

VEREIT OFFICE ASSETS, COMBINED AND CONSOLIDATED STATEMENTS OF OPERATIONS

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VEREIT OFFICE ASSETS, COMBINED AND CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
 10 Months Ended 12 Months Ended
Oct. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Total revenues   $ 53,474 $ 53,465
Operating expenses:      
Property operating   5,770 5,898
General and administrative   2,051 2,044
Impairments   18,671 0
Other (expenses) income:      
Loss on extinguishment of debt, net   0 0
Equity in income of unconsolidated joint venture   0 0
Total other (expenses) income, net   (2,931) (3,316)
Income before taxes   (1,899) 15,284
Provision for income taxes   0 0
Net (loss) income   (1,899) 15,284
Net loss attributable to non-controlling interest   0 0
Net (loss) income attributable to common stockholders   (1,899) 15,284
VEREIT Office Assets      
Total revenues $ 135,394 170,900 182,069
Operating expenses:      
Property operating 36,173 46,597 47,248
General and administrative 5,602 7,029 7,800
Depreciation and amortization 48,938 62,662 70,859
Impairments 28,064 9,306 3,511
Total operating expenses 118,777 125,594 129,418
Other (expenses) income:      
Other income, net 152 158 549
Interest expense (5,961) (9,905) (12,056)
Gain on disposition of real estate assets, net 0 9,765 0
Loss on extinguishment of debt, net (5,294) (1,686) (40)
Equity in income of unconsolidated joint venture 697 535 0
Total other (expenses) income, net (10,406) (1,133) (11,547)
Income before taxes 6,211 44,173 41,104
Provision for income taxes (520) (640) (517)
Net (loss) income 5,691 43,533 40,587
Net loss attributable to non-controlling interest 62 60 102
Net (loss) income attributable to common stockholders 5,753 43,593 40,689
Rental revenue (including reimbursable)      
Total revenues   53,474 53,465
Rental revenue (including reimbursable) | VEREIT Office Assets      
Total revenues 134,740 170,304 182,069
Fee income from unconsolidated joint venture      
Total revenues   0 0
Fee income from unconsolidated joint venture | VEREIT Office Assets      
Total revenues $ 654 $ 596 $ 0