VEREIT, Inc. Income Statement 2020-2011 | VER

Brief overview of financial performance at VEREIT, Inc.

The comparison covers a five-year financial horizon. The revenue attributed to VEREIT, Inc. moved from 1.6 billion dollars to 1.2 billion dollars between the two endpoints. Overall revenue changed by −25.4%, equal to an annualized rate of about −5.7%. The negative rate indicates weakening core operations.

Gross profit was 1.4 billion dollars at the start and 1 billion dollars at the end of the period (−26.3%). Comparing the endpoints gives gross margins of 90.5% and 89.4%. The economics of the core business remained steady.

The five-year EBITDA result moved by −19.4%: from $1.2 billion to $977 million. The operating result changed at a rate similar to sales. EBITDA margin moved from 78% to 84.1%. The company improved its ability to convert sales into EBITDA.

Comparing the endpoints shows a move from −316 million dollars to 201 million dollars. The company restored profitability by the end of the period.

The five-year change in capitalization reached +10%: from 7 billion dollars to 7.7 billion dollars. The valuation did not keep pace with the reported progress.

Summary assessment

The results present an uneven picture without one dominant signal. The financial profile benefits from higher operating efficiency and net-income growth. The overall view is constrained by a lower gross margin and weak sales momentum. Future reports should be judged by revenue momentum, margins, and the conversion of sales into net income.