VEREIT® Announces Second Quarter 2020 Operating Results
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VEREIT (VER) Tops Q2 EPS by 1c, Revenues Miss
August 6, 2020 6:18 AM EDTVEREIT (NYSE: VER) reported Q2 EPS of $0.04, $0.01 better than the analyst estimate of $0.03. Revenue for the quarter came in at $278.6 million versus the consensus estimate of $282.68 million.
Second Quarter 2020 Financial and Operating Highlights
Net income of $54.2 million and net income per diluted share of $0.04Achieved $0.15 AFFO per diluted shareRent collection for the quarter of 85% which increased to 91% for JulyAcquisitions totaled $10.0 million in the second quarter and $156.2 million year-to-dateDispositions totaled $66.2 million in the second quarter... More