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.

Necessity Retail owns and operates well-diversified properties and has a substantially strong financial position. Recently, stocks have pulled back to a lower level and are trading at about 6 times its FFO.

Necessity Retail REIT: Significantly Undervalued Despite Strong FFO

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Equity real estate investment trusts (REITs) have outperformed mortgage REITs, as mortgage real estate investment trusts have posted annualized returns of 8.2% over the past 10 years.

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NEW YORK , Oct. 6, 2022 /PRNewswire/ -- The Necessity Retail REIT, Inc. (Nasdaq: RTL/ RTLPP / RTLPO) ("RTL" or the "Company") announced today it will release its financial results for the third quarter ended September 30, 2022 on Wednesday, November 2, 2022 after the close of trading on the Nasdaq. The Company will host a conference call and audio webcast on Thursday, November 3, 2022, beginning at 11:00 a.m.

THE NECESSITY RETAIL REIT ANNOUNCES RELEASE DATE FOR THIRD QUARTER 2022 RESULTS

Net Lease REITs are the third-best performing REIT sector so far this year. Necessity Retail has not kept pace with Net Lease REITs, but its 4.99% total return has widely outpaced the VNQ thus far.

Necessity Retail REIT: 10% Yield, 40% Upside, Deep In Debt

NEW YORK , Aug. 9, 2022 /PRNewswire/ -- The Necessity Retail REIT, Inc. (Nasdaq: RTL/ RTLPP / RTLPO) ("RTL") announced today that its CEO Michael Weil will discuss How The Retail Renaissance and The Necessity Retail REIT can Add Current Income to Your Portfolio in a stand-alone presentation during the upcoming August 9 – 11, 2022 MoneyShow Accredited Investors Virtual Expo. Mr. Weil will present at 3:55pm eastern on August 9, 2022.

The Necessity Retail REIT CEO Michael Weil to Present on Tuesday August 9, 2022 at 3:55p.m. Eastern during the August 9 - 11, 2022 MoneyShow Accredited Investors Virtual Expo

The Necessity Retail REIT, Inc. (NASDAQ:RTL ) Q2 2022 Earnings Conference Call August 4, 2022 11:00 AM ET Company Participants Louisa Quarto - Executive Vice President Michael Weil - CEO Jason Doyle - CFO Conference Call Participants Mitch Germain - JMP Securities Bryan Maher - B. Riley Securities Barry Oxford - Colliers Operator Greetings and welcome to The Necessity Retail REIT Conference Call.

The Necessity Retail REIT, Inc. (RTL) CEO Michael Weil on Q2 2022 Results - Earnings Call Transcript

The Necessity Retail (RTL) delivered FFO and revenue surprises of 7.41% and 16.99%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?

The Necessity Retail (RTL) Q2 FFO and Revenues Beat Estimates

Company to Host Investor Webcast and Conference Call at 11:00 AM ET Tomorrow NEW YORK , Aug. 3, 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 second quarter ended June 30, 2022. Second Quarter 2022 and Subsequent Events Highlights Revenue grew 43.3% to $116.9 million from $81.6 million for the second quarter 2021 Net loss attributable to common stockholders was $56.3 million as compared to net loss of $7.4 million for the second quarter 2021 Cash net operating income ("NOI") rose 31.9% to $86.3 million from $65.4 million for the second quarter 2021 Funds from Operations ("FFO") grew by 17.4% to $0.27 per share from $0.23 per share in the second quarter 2021 Adjusted Funds from Operations ("AFFO") increased 31.7% to $38.5 million from $29.2 million in the prior year second quarter AFFO per share increased 11.5% to $0.29 per share from $0.26 per diluted share in the prior year second quarter AFFO per share increased 32% compared to the fourth quarter 2021, the period prior to the $1.3 billion open-air shopping center portfolio acquisition Paid dividends on common stock of $28.6 million or $0.21 per share Acquired 32 properties for $470.3 million at a cash capitalization rate1 of 7.2% and a weighted average capitalization rate 2 8.6% High quality portfolio with 52% of the single tenant portfolio, and 61.8% of top 20 tenants, investment grade rated or implied investment grade rated3 Occupancy at open-air assets grew to 87.4% from 86.6% at second quarter 2021 and Executed Occupancy and Leasing Pipeline4 at open-air shopping centers grew to 89.4% compared to 88.8% in the prior quarter Subsequent to quarter-end, closed on acquisition of one property for $71.1 million, completing the previously announced $1.3 billion shopping center acquisition "Our second quarter results reflect the anticipated accretion from the transformational $1.3 billion open-air shopping center portfolio acquisition that we recently completed," said Michael Weil, CEO of RTL.

THE NECESSITY RETAIL REIT ANNOUNCES SECOND QUARTER 2022 RESULTS

The Necessity Retail REIT's (RTL) Q2 results are likely to reflect the benefits of having essential retail tenants in its roster and gains from accretive buyouts.

What Awaits The Necessity Retail REIT (RTL) in Q2 Earnings?

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These deeply undervalued dividend stocks have yields over 5%. Also, many of these stocks' yields are well over their historical averages, making them very cheap.

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4 Great Preferred Stocks, Big Fat Yields, For Uncertain Times

RTLPP and RTLPO are preferred stocks of Necessity Retail REIT that each offer dividend yields above 8%. While RTL suffers from rising interest rates and misaligned management interests, these preferreds appear to be insulated from these issues.

The Necessity Retail REIT's 8%+ Yielding Preferred Shares Offer Solid Income

NEW YORK , July 13, 2022 /PRNewswire/ -- The Necessity Retail REIT, Inc. (Nasdaq: RTL/ RTLPP / RTLPO) ("RTL") announced today that Michael Weil, its CEO, was featured in a video interview conducted during Nareit's REITweek 2022 Investor Conference in New York June 7 – 9.  Mr. Weil also provided a business update and discussed RTL's first quarter results during a fireside chat with Bryan Maher, Managing Director, B.

The Necessity Retail REIT CEO Michael Weil Participates in Video Interview and Fireside Chat Presentation during Nareit's REITweek 2022 Investor Conference

93 Properties Closed Year-to-Date, Growing Necessity Retail Portfolio to $5.3 Billion of Real Estate Grocery-Anchored Centers Grow to 22%1 of Multi-Tenant Portfolio, 57% of Straight-Line Rent1 Derived From Properties in Sunbelt States NEW YORK , July 11, 2022 /PRNewswire/ -- The Necessity Retail REIT, Inc. (Nasdaq: RTL) ("RTL" or the "Company") announced today that the Company, through its operating partnership, completed the final acquisition from the previously announced agreement to acquire a portfolio of 81 Power, Anchored and Grocery Centers from certain subsidiaries of CIM Real Estate Finance Trust, Inc. for $1.3 billion including debt assumed of $356 million. The Company also announced that year-to-date it has acquired 93 properties for a total of $1.4 billion.

THE NECESSITY RETAIL REIT COMPLETES $1.3 BILLION OPEN-AIR SHOPPING CENTER ACQUISITION, CREATING PURE-PLAY RETAIL FOCUSED PORTFOLIO

NEW YORK , July 7, 2022 /PRNewswire/ -- The Necessity Retail REIT, Inc. (Nasdaq: RTL/ RTLPP / RTLPO) ("RTL" or the "Company") announced today it will release its financial results for the second quarter ended June 30, 2022 on Wednesday, August 3, 2022 after the close of trading on the Nasdaq. The Company will host a conference call and audio webcast on Thursday, August 4, 2022, beginning at 11:00 a.m.

THE NECESSITY RETAIL REIT ANNOUNCES RELEASE DATE FOR SECOND QUARTER 2022 RESULTS

NEW YORK , July 1, 2022 /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 (unless otherwise specified) to Class A common stock holders of record on the record date for such payment.

The Necessity Retail REIT Announces Common Stock Dividend for Third Quarter 2022

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NEW YORK , June 20, 2022 /PRNewswire/ -- The Necessity Retail REIT, Inc. (Nasdaq: RTL/ RTLPP / RTLPO) ("RTL") announced today that its CEO, Michael Weil will discuss The Retail Renaissance – Why You Should Consider a REIT Focused on Necessity Retail in a stand-alone presentation during the upcoming MoneyShow Virtual Expo. Mr. Weil will present at 2:40pm eastern on June 22, 2022.

The Necessity Retail REIT CEO Michael Weil to Present on Wednesday June 22, 2022 at 2:40p.m. eastern during the March 22nd - 24th MoneyShow Virtual Expo

NEW YORK , June 9, 2022 /PRNewswire/ -- The Necessity Retail REIT, Inc. (Nasdaq: RTL/ RTLPP / RTLPO) ("RTL") announced today that Jason Slear, Executive Vice President of Acquisitions and Dispositions, was featured in two video interviews conducted during the ICSC Las Vegas 2022 conference.  Mr. Slear met with GlobeSt and Shopping Center Business to discuss the retail real estate landscape, including the omnichannel approach retailers have embraced, and how RTL's property management, construction management and asset management teams contribute to RTL's success.

Jason Slear, EVP of The Necessity Retail, Discusses the Value of Resilient Retail in Interviews with GlobeSt and Shopping Center Business during ICSC Las Vegas 2022

An ATM program for RTL's equity and preference shares is in existence for the past 3 years, which has demotivated investors to a large extent. RTL's portfolio of service-oriented and traditional retail and distribution-related commercial real estate properties has high occupancy rates.

Necessity Retail REIT: High Yield, Low Debt, Longer-Term Investment

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NEW YORK , June 2, 2022 /PRNewswire/ -- The Necessity Retail REIT, Inc. (Nasdaq: RTL) ("RTL" or the "Company") announced today that Michael Weil, CEO of RTL, will participate in a fireside chat presentation, moderated by Bryan Maher, Managing Director, B Riley Financial, Inc., at Nareit's REITweek 2022 Investor Conference on Wednesday, June 8, 2022 at 9:30 a.m. ET at the New York Hilton Midtown hotel.

THE NECESSITY RETAIL REIT TO PRESENT AT NAREIT'S REITWEEK 2022

-          80 Properties Closed Year-to-Date for $1.2 Billion - -          Final $65 Million Property Expected to Close Upon Completion of Loan Assumption - NEW YORK , May 31, 2022 /PRNewswire/ -- The Necessity Retail REIT, Inc. (Nasdaq: RTL) ("RTL" or the "Company") announced today that the Company, through its operating partnership, completed the acquisition of The Plant, a 509,000 square foot open-air shopping center in San Jose, CA for approximately $175.0 million, excluding closing costs. The closing is the sixth tranche from the previously announced agreement to acquire a portfolio of 81 Power, Anchored and Grocery Centers1 from certain subsidiaries of CIM Real Estate Finance Trust, Inc. for $1.3 billion.

THE NECESSITY RETAIL REIT CLOSES ON THE PLANT IN SAN JOSE, CA FOR $175 MILLION AS PART OF THE PREVIOUSLY ANNOUNCED $1.3 BILLION OPEN-AIR SHOPPING CENTER ACQUISITION

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News for Necessity Retail REIT ETF (RTL)