Annual report pursuant to Section 13 and 15(d)

VEREIT OFFICE ASSETS, COMBINED AND CONSOLIDATED STATEMENTS OF OPERATIONS

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VEREIT OFFICE ASSETS, COMBINED AND CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
 10 Months Ended 12 Months Ended
Oct. 31, 2021
Dec. 31, 2020
Total revenues   $ 53,474
Operating expenses:    
Property operating (including reimbursable)   5,770
General and administrative   2,051
Impairments   18,671
Other (expenses) income:    
Other income, net   0
Gain on disposition of real estate assets, net   0
Loss on extinguishment of debt, net   0
Equity in income of unconsolidated joint venture   0
Total other (expenses) income, net   (2,931)
Income before taxes   (1,899)
Provision for income taxes   0
Net income   (1,899)
Net income attributable to non-controlling interest   0
Net income attributable to VEREIT Office Assets   (1,899)
VEREIT Office Assets    
Total revenues $ 135,394 170,900
Operating expenses:    
Property operating (including reimbursable) 36,173 46,597
General and administrative 5,602 7,029
Depreciation and amortization 48,938 62,662
Impairments 28,064 9,306
Total operating expenses 118,777 125,594
Other (expenses) income:    
Other income, net 152 158
Interest expense (5,961) (9,905)
Gain on disposition of real estate assets, net 0 9,765
Loss on extinguishment of debt, net (5,294) (1,686)
Equity in income of unconsolidated joint venture 697 535
Total other (expenses) income, net (10,406) (1,133)
Income before taxes 6,211 44,173
Provision for income taxes (520) (640)
Net income 5,691 43,533
Net income attributable to non-controlling interest 62 60
Net income attributable to VEREIT Office Assets 5,753 43,593
Rental revenue (including reimbursable)    
Total revenues   53,474
Rental revenue (including reimbursable) | VEREIT Office Assets    
Total revenues 134,740 170,304
Fee income from unconsolidated joint venture    
Total revenues   0
Fee income from unconsolidated joint venture | VEREIT Office Assets    
Total revenues $ 654 $ 596