Necessity Retail REIT

Necessity Retail REIT, Inc. is a real estate investment trust, which engages in the acquiring and managing a portfolio of primarily service-oriented and traditional retail and distribution related commercial real estate properties. It operates through income-producing properties segment, which consists of activities related to investing in real estate. The company was founded on January 22, 2013 and is headquartered in New York, NY.

Earnings data Q4 2019

Earnings data Q1 2020

Earnings data Q2 2020

Earnings data Q3 2020

Earnings data Q4 2020

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q2 2024

Necessity Retail REIT (RTL) reports robust 2022 performance and strategic growth outlook

Necessity Retail REIT (RTL) delivered strong financial performance in 2022, with notable growth in AFFO and successful portfolio management.
While facing debt maturity challenges, RTL's disciplined approach and strategic initiatives position it well for future growth and stability.
With a well-diversified portfolio and focus on optimizing capital structure, RTL remains poised to capitalize on market opportunities and drive value for investors.

Necessity Retail REIT reports Q1 growth and debt reduction

Necessity Retail REIT's Q1 performance showed revenue growth and debt reduction. The company's strong tenant roster and leasing pipeline position it well for future success. Challenges with certain tenants are being addressed, and a focus on asset management and growth opportunities prevails.

Necessity Retail REIT reports Q2 results, announces merger with GNL

RTL's Q2 performance reflects solid revenue, debt reduction, and improved occupancy rates.
The merger with GNL offers strategic advantages and potential for enhanced shareholder value.
While facing challenges like elevated expenses and net losses, RTL is poised for growth post-merger.
Opportunities lie in synergies, cost efficiencies, and positive market sentiment towards the combined company.

RTL tracks an index of US real estate firms associated with the retail industry. The portfolio is market-cap weighted.

NEW YORK , April 21, 2023 /PRNewswire/ -- The Necessity Retail REIT, Inc. (Nasdaq: RTL/ RTLPP / RTLPO) ("RTL" or the "Company") announced today that it completed 996,000 square feet of multi-tenant leasing activity during the quarter ended March 31, 2023. The Company signed 26 new leases totaling nearly 274,000 square feet and generating over $4 million in annualized straight-line rent.

THE NECESSITY RETAIL REIT ANNOUNCES NEARLY 1 MILLION SQUARE FEET OF MULTI-TENANT LEASING IN FIRST QUARTER

NEW YORK , April 20, 2023 /PRNewswire/ -- The Necessity Retail REIT, Inc. (Nasdaq: RTL/ RTLPP / RTLPO) ("RTL" or the "Company") announced today it will release its financial results for the first quarter ended March 31, 2023, on Wednesday, May 10, 2023, before the start of trading on the Nasdaq. The Company will host a conference call and audio webcast on Wednesday, May 10, 2023, beginning at 11:00 a.m.

THE NECESSITY RETAIL REIT ANNOUNCES RELEASE DATE FOR FIRST QUARTER 2023 RESULTS

NEW YORK--(BUSINESS WIRE)--Blackwells Capital LLC today issued a letter to fellow shareholders regarding the urgent need for boardroom change at The Necessity Retail REIT, Inc.

Blackwells Capital Issues Letter to Shareholders of The Necessity Retail REIT, Inc (“RTL”) Ahead of Critical Vote at the 2023 Annual Meeting

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Necessity Retail is paying out a 14% dividend yield to its common shareholders. This is set against a tangible book value that has been under a sustained decline and fell by 28% year-over-year for its last reported quarter.

Necessity Retail: This Is Not The 14% Yield You're Looking For

NEW YORK , March 27, 2023 /PRNewswire/ -- The Necessity Retail REIT, Inc. (Nasdaq: RTL/ RTLPP / RTLPO) ("RTL") announced today that it declared quarterly dividends on its outstanding preferred stock. Specifically, RTL declared a dividend of $0.46875 per share on its 7.50% Series A Cumulative Redeemable Perpetual Preferred Stock (the "Series A Preferred Stock") payable on April 17, 2023, to holders of record at the close of business on April 6, 2023.

The Necessity Retail REIT Announces Preferred Stock Dividends

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NEW YORK , Feb. 28, 2023 /PRNewswire/ -- The Necessity Retail REIT, Inc. (Nasdaq: RTL/ RTLPP / RTLPO) ("RTL" or the "Company") announced today that it closed on the sale of four properties leased to Stop & Shop in Massachusetts and Rhode Island for a total of $70 million. "The sale of this portfolio is an example of our commitment to strategically dispose of assets that have reached their full value, as demonstrated by the favorable pricing we received," said Michael Weil, CEO of RTL.

THE NECESSITY RETAIL REIT COMPLETES $70 MILLION STOP & SHOP DISPOSITION

The Necessity Retail REIT, Inc. (NASDAQ:RTL ) Q4 2022 Results Conference Call February 23, 2023 11:00 AM ET Company Participants Curtis Parker - Senior Vice President Michael Weil - President and Chief Executive Officer Jason Doyle - Chief Financial Officer Conference Call Participants Bryan Maher - B. Riley Mitch Germain - JMP Securities Operator Good morning, and welcome to the Necessity Retail REIT Fourth Quarter and Year End 2022 Earnings Call.

The Necessity Retail REIT, Inc. (RTL) Q4 2022 Earnings Call Transcript

The Necessity Retail (RTL) delivered FFO and revenue surprises of 0% and 1.21%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

The Necessity Retail (RTL) Meets Q4 FFO Estimates

NEW YORK--(BUSINESS WIRE)--Blackwells Capital LLC (together with its affiliates “Blackwells” or “we” or “our”), today announced the release of a presentation to Global Net Lease Inc. (NYSE: GNL) (“Global Net Lease” or “GNL”) and The Necessity Retail REIT Inc. (NASDAQ: RTL) (“Necessity Retail REIT” or “RTL”) shareholders that exposes the value destructive self-dealing of both companies' external manager, AR Global. Blackwells also launched a dedicated website - StopARGlobal.

Blackwells Capital Releases Presentation and Announces Website Exposing AR Global's Value Destructive Management of Global Net Lease Inc. and The Necessity Retail REIT Inc.

NEW YORK , Feb. 22, 2023 /PRNewswire/ -- The Necessity Retail REIT, Inc.. (Nasdaq: RTL) ("RTL" or the "Company"), a real estate investment trust focused on acquiring and managing a diversified portfolio of primarily service-oriented and traditional retail and distribution related commercial real estate properties located primarily in the U.S., announced today its financial and operating results for the quarter and year ended December 31, 2022.

THE NECESSITY RETAIL REIT ANNOUNCES FOURTH QUARTER AND FULL YEAR 2022 RESULTS

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NEW YORK, Feb. 9, 2023 /PRNewswire/ -- The Necessity Retail REIT, Inc. (Nasdaq: RTL/ RTLPP / RTLPO) ("RTL" or the "Company") announced today it will release its financial results for the fourth quarter and year ended December 31, 2022 on Wednesday, February 22, 2023 after the close of trading on the Nasdaq.

THE NECESSITY RETAIL REIT ANNOUNCES RELEASE DATE FOR FOURTH QUARTER AND FULL YEAR 2022 RESULTS

Necessity Retail owns a diversified portfolio of both single and multi-tenanted properties leased to tenants operating in a wide range of industries. The portfolio was significantly expanded over the past year through a large acquisition, which resulted in a strategic shift away from a primary focus on single-tenant retail properties.

Necessity Retail's 13% Yielding Dividend Is Enticing, But Are Shares A Buy?

NEW YORK , Jan. 3, 2023 /PRNewswire/ -- The Necessity Retail REIT, Inc. (Nasdaq: RTL/ RTLPP / RTLPO) ("RTL") announced today that it intends to continue to pay dividends on its shares of Class A common stock at an annualized rate of $0.85 per share or $0.2125 per share on a quarterly basis. RTL anticipates paying dividends authorized by its board of directors on its shares of Class A common stock on a quarterly basis in arrears on the 15th day of the first month following the end of each fiscal quarter (or, if not a business day, the next succeeding business day) to Class A common stock holders of record on the record date for such payment.

The Necessity Retail REIT Announces Common Stock Dividend for First Quarter 2023

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Leases Over Two Million Square Feet in 2022 NEW YORK , Dec. 21, 2022 /PRNewswire/ -- The Necessity Retail REIT, Inc. (Nasdaq: RTL/ RTLPP / RTLPO) ("RTL" or the "Company") announced today that it has closed on four property sales for $1.6 million and it expects to close on four additional property sales for $72.8 million in the fourth quarter of 2022. For the year ended December 31, 2022, RTL will have disposed of 27 properties for a total contract sales price of $405.4 million, including the four properties expected to close by year end.

THE NECESSITY RETAIL REIT EXPECTED TO COMPLETE OVER $400 MILLION DISPOSITIONS IN 2022, INCLUDING $74 MILLION IN FOURTH QUARTER

The Necessity Retail REIT, Inc. (NASDAQ:RTL ) Q3 2022 Earnings Conference Call November 3, 2022 11:00 AM ET Company Participants Curtis Parker – Senior Vice President-AR Global Investments, LLC Michael Weil – President and Chief Executive Officer Jason Doyle – Chief Financial Officer Conference Call Participants Bryan Maher – B. Riley Securities Barry Oxford – Colliers Jyoti Yadav – JMP Securities Operator Good morning, and welcome to The Necessity Retail REIT Third Quarter 2022 Earnings Call.

The Necessity Retail REIT, Inc. (RTL) Q3 2022 Earnings Call Transcript

The Necessity Retail (RTL) delivered FFO and revenue surprises of -10.34% and 0.44%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?

The Necessity Retail (RTL) Misses Q3 FFO Estimates

Leased Over One Million Square Feet in Third Quarter Company to Host Investor Webcast and Conference Call at 11:00 AM ET Tomorrow NEW YORK , Nov. 2, 2022 /PRNewswire/ -- The Necessity Retail REIT, Inc. (Nasdaq: RTL) ("RTL" or the "Company"), a real estate investment trust focused on acquiring and managing a diversified portfolio of primarily service-oriented and traditional retail and distribution related commercial real estate properties in the U.S., announced today its financial and operating results for the third quarter ended September 30, 2022. Third Quarter 2022 and Subsequent Events Highlights           Revenue grew 26.4% to $116.2 million from $91.9 million for the third quarter 2021 Net loss attributable to common stockholders was $56.5 million as compared to net loss of $6.4 million for the third quarter 2021 Cash net operating income ("Cash NOI") rose 12.3% to $85.0 million from $75.7 million for the third quarter 2021 Funds from Operations ("FFO") was $0.22 per share, a decrease from $0.25 per share in the third quarter 2021 due to a $10.4 million lease buyout fee received in third quarter 2021 Adjusted Funds from Operations ("AFFO") was $34.2 million, compared to $36.4 million in the prior year third quarter AFFO per share was $0.26 per share, an 18% increase compared to the fourth quarter 2021, the last period prior to the $1.3 billion open-air shopping center portfolio acquisition Paid dividends on common stock of $28.3 million or $0.21 per share Executed 41 new leases in multi-tenant portfolio that total over 500,000 square feet with $3.5 million of annualized straight-line rent Executed 42 lease renewals in multi-tenant portfolio that total over 550,000 square feet and $8.4 million in annualized straight-line rent Occupancy at open-air assets grew to 90.6% from 87.9% in the third quarter 2021 and Executed Occupancy and Leasing Pipeline1 at open-air shopping centers grew to 92.8% compared to 89.4% in the prior quarter Acquired two properties for an aggregate contract purchase price of $76.1 million at a cash capitalization rate2 of 6.6% and a weighted average capitalization rate3 of 7.9% Dispositions of $331 million for the nine months ended September 30, 2022 and a disposition pipeline totaling $261 million in contract sales price High quality portfolio with 54% of the single tenant portfolio, and 61.9% of top 20 tenants, investment grade rated or implied investment grade rated4 "We had an excellent third quarter, highlighted by leasing over a million square feet, the highest level since our listing, and increasing our executed and pipeline occupancy to almost 93% in our multi-tenant portfolio," said Michael Weil, CEO of RTL.

THE NECESSITY RETAIL REIT ANNOUNCES THIRD QUARTER 2022 RESULTS

Necessity Retail (RTL) is a retail REIT (surprise) that owns single tenant and shopping center properties in the USA. RTL has 2 preferred stocks yielding around 9.7% with 25% upside price potential given that they trade below $20 per share.

Necessity Retail: The Best Bargain In The Property REIT Preferred Space - 9.7% Yield

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News for Necessity Retail REIT ETF (RTL)