Phoenix real-estate investment firm VEREIT begins trading on NYSE

VEREIT, a Phoenix-based, full-service real estate operating company with investment-management capability, said it officially began trading on the New York Stock Exchange (NYSE) on Friday.

"We're proud to welcome VEREIT to the NYSE's family of leading companies," John Merrell, NYSE vice president and co-head of listings, said. "We look forward to supporting VEREIT's continued growth and providing the unique benefits of our market, brand and community to the company and its shareholders."

VEREIT owns and actively manages retail, restaurant, office and industrial real estate assets, with a total asset book value of $20.3 billion, including approximately 4,650 properties.

The company will hold its second-quarter 2015 earnings call on Thursday at 1 p.m. EDT, when CEO Glenn Rufrano and Chief Financial Officer Michael Sodo will discuss the company's financial results and business plan.

VEREIT (pronounced "ver-REIT") is a blend of veritas, the Latin word meaning "truth," and "REIT," for "real estate investment trusts."

“While our name and look have changed, we still have the same world-class team overseeing our diversified portfolio of commercial real estate,” the company said. “VEREIT is driven to serve our tenants and investors through hard work, dedication and transparency. Welcome to a new foundation.”

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