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VEREIT (VEREIT) Long-Term Capital Lease Obligation : $196.67 Mil (As of Sep. 2021)


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What is VEREIT Long-Term Capital Lease Obligation?

VEREIT's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2021 was $196.67 Mil.

VEREIT's quarterly Long-Term Capital Lease Obligation declined from Mar. 2021 ($202.02 Mil) to Jun. 2021 ($199.56 Mil) and declined from Jun. 2021 ($199.56 Mil) to Sep. 2021 ($196.67 Mil).

VEREIT's annual Long-Term Capital Lease Obligation increased from Dec. 2018 ($0.00 Mil) to Dec. 2019 ($221.06 Mil) but then declined from Dec. 2019 ($221.06 Mil) to Dec. 2020 ($209.10 Mil).


VEREIT Long-Term Capital Lease Obligation Historical Data

The historical data trend for VEREIT's Long-Term Capital Lease Obligation 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.

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VEREIT Long-Term Capital Lease Obligation Chart

VEREIT Annual Data
Trend Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20
Long-Term Capital Lease Obligation
Get a 7-Day Free Trial Premium Member Only Premium Member Only 224.02 198.55 - 221.06 209.10

VEREIT Quarterly Data
Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21
Long-Term Capital Lease Obligation Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 214.10 209.10 202.02 199.56 196.67

VEREIT  (NYSE:VERpF.PFD) Long-Term Capital Lease Obligation Explanation

Long-Term Capital Lease Obligation are the amount due for long-term asset lease agreements that are nearly equivalent to asset purchases. Capital lease obligations are installment payments that constitute a payment of principal plus interest for the capital lease. The Short-Term Capital Lease Obligation is the portion of a Long-Term Capital Lease Obligation that is due over the next year.

Under US Generally Accepted Accounting Principles (GAAP), a capital lease is essentially equivalent to a purchase by the lessee if it meets the following criteria:

1. Ownership of the asset is transferred to the lessee at the end of the lease term;
2. The lease contains a bargain purchase option to buy the equipment at less than fair market value;
3. The lease term equals or exceeds 75% of the asset's estimated useful life;
4. The present value of the lease payments equals or exceeds 90% of the total original cost of the equipment.

VEREIT Long-Term Capital Lease Obligation Related Terms

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VEREIT (VEREIT) Business Description

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GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » VEREIT Inc (NYSE:VERpF.PFD) » Definitions » Long-Term Capital Lease Obligation
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Address
2325 East Camelback Road, 9th Floor, Phoenix, AZ, USA, 85016
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.