VEREIT (VEREIT) Cash, Cash Equivalents, Marketable Securities : $6 Mil (As of Sep. 2021)

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What is VEREIT Cash, Cash Equivalents, Marketable Securities?

VEREIT's quarterly cash, cash equivalents, marketable securities declined from Mar. 2021 ($318.56 Mil) to Jun. 2021 ($275.50 Mil) but then stayed the same from Jun. 2021 ($275.50 Mil) to Sep. 2021 ($5.87 Mil).

VEREIT's annual cash, cash equivalents, marketable securities declined from Dec. 2018 ($30.76 Mil) to Dec. 2019 ($12.92 Mil) but then increased from Dec. 2019 ($12.92 Mil) to Dec. 2020 ($523.54 Mil).

VEREIT Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for VEREIT's Cash, Cash Equivalents, Marketable Securities can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

VEREIT Cash, Cash Equivalents, Marketable Securities Chart

VEREIT Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Cash, Cash Equivalents, Marketable Securities

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253.48

34.18

30.76

12.92

523.54

VEREIT Quarterly Data
	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21
Cash, Cash Equivalents, Marketable Securities	Get a 7-Day Free Trial															207.32	523.54	318.56	275.50	5.87

VEREIT Cash, Cash Equivalents, Marketable Securities Calculation

Cash and cash equivalents are the most liquid assets on the balance sheet. Cash equivalents are assets that are readily convertible into cash, such as money market holdings, short-term government bonds or Treasury bills, marketable securities and commercial paper.

Marketable Securities are very liquid securities that can be converted into cash quickly at a reasonable price.

VEREIT (NYSE:VER) Cash, Cash Equivalents, Marketable Securities Explanation

Marketable securities are very liquid as they tend to have maturities of less than one year. Furthermore, the rate at which these securities can be bought or sold has little effect on their prices.

A high number means either:

1) The company has competitive advantage generating lots of cash

2) Just sold a business or bonds (not necessarily good)

A low stockpile of cash usually means poor to mediocre economics.

There are 3 ways to create large cash reserve.

1) Sell new bonds or equity to public

2) Sell business or asset

3) It has an ongoing business generating more cash than it burns (usually means durable competitive advantage)

When a company is suffering a short term problem, Buffett looks at cash or marketable securities to see whether it has the financial strength to ride it out.

Important: Lots of cash and marketable securities + little debt = good chance that the business will sail on through tough times.

Test to see what is creating cash by looking at past 7 yrs of balance sheets. This will reveal how the cash was created.

VEREIT Cash, Cash Equivalents, Marketable Securities Related Terms

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VEREIT (VEREIT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » VEREIT Inc (NYSE:VER) » Definitions » Cash, Cash Equivalents, Marketable Securities

Comparable Companies

Traded in Other Exchanges

N/A

Address

2325 East Camelback Road, 9th Floor, Phoenix, AZ, USA, 85016

Website

https://www.vereit.com

VEREIT Inc is a real estate investment trust primarily involved in the ownership of property located in the U.S. and Canada. VEREIT organizes its operations through the Real Estate Investment segment and the investment management segment. The company derives the vast majority of its income from its Real Estate Investment division in the form of rental income from long-term leases. This business unit owns and manages a real estate portfolio that is fairly evenly diversified between retail, restaurant, office, and industrial properties. A sizable amount of the company's total rental income is derived from customers in the casual dining restaurant and manufacturing industries.

Executives

Mary Hogan Preusse	director	C/O KIMCO REALTY CORP., 3333 NEW HYDE PARK ROAD, NEW HYDE PARK NY 11042
Julie Richardson	director	YEXT, INC., 1 MADISON AVENUE, 5TH FLOOR, NEW YORK NY 10010
Eugene A Pinover	director	333 CENTRAL PARK WEST, APT 66 NEW YORK NY 10025
Hugh R Frater	director, other: Non-Executive Chairman	C/O FANNIE MAE, 1100 15TH STREET NW, WASHINGTON DC 20005
Glenn J Rufrano	director, officer: Chief Executive Officer	C/O NEW PLAN EXCEL REALTY TRUST, INC., 1120 AVENUE OF THE AMERICAS, SUITE 1200, NEW YORK NY 10036
Gavin Brandon	officer: SVP & Chief Accounting Officer	2325 E CAMELBACK RD, 9TH FLOOR, PHOENIX AZ 85016
Mark S Ordan	director	7315 WISCONSIN AVENUE, SUITE #250 WEST, BETHESDA MD 20814
David Henry	director	3333 NEW HYDE PARK ROAD, NEW HYDE PARK NY 11042
Richard J Lieb	director	C/O GREENHILL & CO., INC.,, 300 PARK AVENUE, NEW YORK NY 10022
Paul H Mcdowell	officer: See Remarks	110 MAIDEN LANE, NEW YORK NY 10005
Michael J. Bartolotta	officer: See Remarks	7 VIK DRIVE, WARWICK NY 10990
Lauren Goldberg	officer: See Remarks	23 W. 73RD. ST. #508 NEW YORK NY 10023
Thomas W Roberts	officer: See Remarks	2325 E. CAMELBACK ROAD, SUITE 1100, PHOENIX NY 85016
Miller William Craig Jr.	officer: See Remarks	315 PONDFIELD ROAD BRONXVILLE NY 10708
Bruce D Frank	director	405 PARK AVENUE, NEW YORK NY 10022