Vereit Inc (NYSE:VER) Settles Litigations


Vereit Inc (NYSE:VER) has agreed to pay $85 Million for settling the previously announced litigations. The legal complaints are due to the issue of financial statements in March 2015 and certain disclosures in 2014. The accords have not admitted any wrongdoing, liability or responsibilities by any party. The company has settled all of the issues including the litigations with Vanguard through the issue of shares.

Vereit Inc Is Set to Announce Q3 Results in November 2018

Vereit Inc and its operating Partnership – VEREIT Operating Partnership, L.P. will announce the Q3 2018, results on November 6, 2018. It will also host an audio conference call on November 6, 2018, at 10:30 AM for a discussion on the financial results. Chief Finance Officer – Michael J. Bartolotta and Chief Executive Officer – Glenn J. Rufrano of VEREIT will conduct the audio webcast.

Best Companies Az and Az Business Magazine Selects Vereit Inc As The Most Admired Company in Arizona

According to BestCompaniesAZ, and Az Business magazine, Vereit Inc has found a place in the most admired companies in Arizona in 2018. Most Admired companies in Arizona are selected considering the performance of the company in areas such as customer opinion, social responsibility, workplace culture, innovation, and leadership excellence.

CEO of Vereit Inc., Glenn Rufrano said the company has made significant progress in strengthening and developing the business with the help of a team of dedicated professionals. Its employees are ethical, collaborative and hardworking. He said the team is proud that Vereit Inc has become one of the most admired companies in Arizona for the second consecutive year.

Editor in chief of Az Business magazine, Michael Gossie said Vereit Inc has become one of the best companies in Arizona for 2018 among the several nominations received from innovative, successful, and impactful companies in Arizona. It states that Vereit Inc is the best company in Arizona for business.

Vereit Inc Reports Q2 2018 Operating Results

Vereit Inc has reported a net loss of $74.7 million in Q2 2018. The company sealed the credit facility of $2.9 billion to improve financial flexibility and liquidity. It has also completed acquisitions worth $41 million. The company has reported revenues of $315.7 million, an increase of $7.4 million when compared to Q2 2017.

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