Quarterly report pursuant to Section 13 or 15(d)

VEREIT OFFICE ASSETS, COMBINED AND CONSOLIDATED STATEMENT OF OPERATIONS

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VEREIT OFFICE ASSETS, COMBINED AND CONSOLIDATED STATEMENT OF OPERATIONS - USD ($)
 3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Total revenues $ 51,769,000 $ 13,315,000 $ 157,824,000 $ 38,930,000
Operating expenses:        
Property operating 15,303,000 1,660,000 45,773,000 4,611,000
General and administrative 4,672,000 594,000 11,480,000 1,665,000
Provisions for impairment 44,801,000 0 54,161,000 0
Other (expenses) income:        
Other income, net 31,000 0 118,000 0
Loss on extinguishment of debt, net 0 (3,499,000) (468,000) (3,499,000)
Equity in income of unconsolidated joint venture (157,000) 0 (252,000) 0
Total other (expenses) income, net (6,971,000) (3,775,000) (22,161,000) (4,579,000)
Income before taxes (52,865,000) (1,423,000) (77,987,000) 7,423,000
Provision for income taxes (164,000) 0 (494,000) 0
Net (loss) income (53,029,000) (1,423,000) (78,481,000) 7,423,000
Net loss attributable to non-controlling interest (18,000) 0 (43,000) 0
Net (loss) income attributable to common stockholders (53,047,000) (1,423,000) (78,524,000) 7,423,000
VEREIT Office Assets        
Total revenues   40,655,000   121,990,000
Operating expenses:        
Property operating   9,997,000   30,811,000
General and administrative   1,483,000   5,058,000
Depreciation and amortization   14,790,000   44,234,000
Provisions for impairment   6,440,000   28,064,000
Total operating expenses   32,710,000   108,167,000
Other (expenses) income:        
Other income, net   95,000   146,000
Interest expense   (1,706,000)   (5,522,000)
Loss on extinguishment of debt, net   (5,000)   (85,000)
Equity in income of unconsolidated joint venture   211,000   621,000
Total other (expenses) income, net   (1,405,000)   (4,840,000)
Income before taxes   6,540,000   8,983,000
Provision for income taxes   (156,000)   (469,000)
Net (loss) income   6,384,000   8,514,000
Net loss attributable to non-controlling interest   10,000   41,000
Net (loss) income attributable to common stockholders   6,394,000   8,555,000
Rental        
Total revenues 51,580,000 13,315,000 157,256,000 38,930,000
Rental | VEREIT Office Assets        
Total revenues   40,494,000   121,389,000
Fee income from unconsolidated joint venture        
Total revenues $ 189,000 0 $ 568,000 0
Fee income from unconsolidated joint venture | VEREIT Office Assets        
Total revenues   $ 161,000   $ 601,000