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.

Global Net Lease

NEW YORK , June 23, 2023 /PRNewswire/ -- The Necessity Retail REIT, Inc. (Nasdaq: RTL/ RTLPP / RTLPO) ("RTL" or "the Company") announced today the expiration of the 30-day "Go-Shop" period (the "Go-Shop") set forth in the previously announced definitive merger agreement with Global Net Lease, Inc. (NYSE: GNL). Under the terms of the merger agreement, RTL stockholders will receive 0.670 shares of GNL for each common share of RTL, which represents a total consideration of $7.08 per share based on share prices as of May 23, 2023 and a 35% premium to RTL's 30-day volume-weighted average price for the 30 days prior to May 23, 2023.

The Necessity Retail REIT Announces Expiration of "Go-Shop" Period For Proposed Merger with Global Net Lease

NEW YORK , June 16, 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 payable on July 17, 2023, to holders of record at the close of business on July 6, 2023.

The Necessity Retail REIT Announces Series A Preferred Stock Dividends

NEW YORK , June 16, 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 $0.4609375 per share on its 7.375% Series C Cumulative Redeemable Perpetual Preferred Stock payable on July 17, 2023, to holders of record at the close of business on July 6, 2023.

The Necessity Retail REIT Announces Series C Preferred Stock Dividends

NEW YORK , June 15, 2023 /PRNewswire/ -- Orange Capital Ventures, LP ("Orange Capital"), a New York-based investment firm, today announced its intention to vote against the proposed merger (the "Merger") of Global Net Lease, Inc. (NYSE: GNL) ("GNL" or the "Company") and Necessity Retail REIT (Nasdaq: RTL)("RTL"). Orange Capital delivered a letter to the Company's Board of Directors on June 6th, 2023 highlighting its opposition to the transaction.

Orange Capital Announces Intention to Vote Against the Merger of Global Net Lease, Inc. and Necessity Retail REIT

NEW YORK--(BUSINESS WIRE)--Blackwells Capital LLC (together with its affiliates, “Blackwells”), an alternative investment management firm that is a shareholder of both Global Net Lease Inc. (NYSE: GNL) (“Global Net Lease,” “GNL” or the “Company") and The Necessity Retail REIT Inc. (NASDAQ: RTL) (“Necessity Retail REIT” or “RTL”), today issued a presentation that describes Blackwells' rationale for supporting the proposed merger of GNL and RTL. The compelling combination will result in a pro for.

Blackwells Capital Issues Presentation Highlighting Compelling Combination of Global Net Lease and The Necessity Retail REIT

Global Net Lease owns a global portfolio of predominantly industrial and office properties. Necessity Retail owns a portfolio focused on retail assets.

Is This Unique Merger Between High-Yield Stocks Good for Investors?

NEW YORK--(BUSINESS WIRE)--Global Net Lease Inc. (NYSE: GNL, "GNL") and The Necessity Retail REIT Inc. (NASDAQ: RTL, "RTL") – together with their respective advisors and property managers and AR Global – today announced that they have entered into a cooperation agreement (the “Cooperation Agreement”) with Blackwells Capital. Under the terms of the Cooperation Agreement, the Blackwells Parties will withdraw their nomination notices and proposals at both GNL and RTL and have agreed to vote in fav.

Global Net Lease, The Necessity Retail REIT and AR Global Enter into Cooperation Agreement with Blackwells Capital

NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of The Necessity Retail REIT Inc. (“RTL” or the “Company”) (NasdaqGS: RTL) to Global Net Lease Inc. (NYSE: GNL). Under the terms of the proposed transaction, shareholders of RTL will receive 0.670 shares of GNL for each share of RTL that they own. KSF is seeking to determine whether this consideration and the pro.

THE NECESSITY RETAIL REIT INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of The Necessity Retail REIT Inc. - RTL

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The sector got pounded hard today. The biggest decliners fell over 10%.

REITs Smacked Down

NEW YORK , May 24, 2023 /PRNewswire/ -- Rowley Law PLLC is investigating potential securities law violations by The Necessity Retail REIT Inc. (NASDAQ: RTL) and its board of directors concerning the proposed acquisition of the company by Global Net Lease Inc. (NYSE: GNL). Stockholders will receive 0.670 shares of Global Net Lease common stock for each share of The Necessity Retail REIT stock that they hold.

ALERT: Rowley Law PLLC is Investigating Proposed Acquisition of The Necessity Retail REIT Inc.

NEW YORK--(BUSINESS WIRE)--Halper Sadeh LLC, an investor rights law firm, is investigating whether the sale of The Necessity Retail REIT Inc. (NASDAQ: RTL) to Global Net Lease Inc. for 0.670 shares of Global Net for each common share of Necessity Retail is fair to Necessity Retail shareholders. Upon closing of the proposed transaction, Necessity Retail stockholders are expected to own approximately 39% of the combined company. Halper Sadeh encourages Necessity Retail shareholders to click here.

RTL STOCK ALERT: Halper Sadeh LLC Is Investigating Whether the Sale of The Necessity Retail REIT Inc. Is Fair to Shareholders

NEW YORK , May 23, 2023 /PRNewswire/ -- Global Net Lease, Inc. ("GNL" or the "Company") (NYSE: GNL/ GNL PRA / GNL PRB) announced today that the Company will host a webcast and conference call on May 24, 2023 at 11:00am ET to discuss its merger with The Necessity Retail REIT, Inc. (Nasdaq: RTL) ("RTL"). The call will be hosted by James Nelson, CEO of GNL, and Michael Weil, CEO of RTL.

GLOBAL NET LEASE TO HOST WEBCAST AND CONFERENCE CALL TO DISCUSS INTERNALIZATION AND PENDING MERGER WITH THE NECESSITY RETAIL REIT

GNL Post-closing Will Be Third Largest Publicly Traded Net Lease REIT with a Global Presence Adopts Enhanced Corporate Governance Practices; Internalization of Management to Support Scaled Platform Approximately $75 Million in Expected Cost Synergies and Internalization Savings All-Stock Transaction Projected to be More Than 9% Accretive to GNL Q1'23 AFFO Per Share NEW YORK , May 23, 2023 /PRNewswire/ -- Global Net Lease Inc. (NYSE: GNL, "GNL") and The Necessity Retail REIT Inc. (NASDAQ: RTL, "RTL") announced today that they have entered into a definitive merger agreement (the "Merger Agreement"), under which GNL will acquire RTL in an all-stock transaction (the "Merger"). GNL and RTL have also entered into a definitive agreement that will result in the combined entity becoming internally managed, with the external asset and property management functions currently performed by affiliates of AR Global, LLC (the "External Manager") being internalized (the "Internalization," together with the Merger, the "Transactions").

Global Net Lease and The Necessity Retail REIT to Merge, Creating Sector-Leading Diversified Net Lease REIT

NEW YORK--(BUSINESS WIRE)--Blackwells Capital LLC (together with its affiliates, “Blackwells” or “we”) today responded to the decisions by the boards of directors of Global Net Lease, Inc. (NYSE: GNL) (“GNL”) and The Necessity Retail REIT, Inc. (Nasdaq: RTL) (“RTL”) to delay their respective Annual Meetings of Stockholders (together, the “Annual Meetings”), which were originally scheduled to be held on May 18, 2023. The Annual Meetings have been delayed by more than two months to “on or about J.

Blackwells Capital Calls on Global Net Lease, Inc. and The Necessity Retail REIT, Inc. to Confirm Annual Meeting Dates

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In the past decade, many REITs have become complacent and devised aggressive financing strategies that were underpinned by low interest rates. The sudden shift in the interest rates and a probability of a "higher-for-longer" scenario can put a notable share of REITs in a "nuclear winter" territory in my view.

Getting Ready For A 'Higher-For-Longer' Scenario For REITs

The Necessity Retail REIT, Inc. (NASDAQ:RTL ) Q1 2023 Earnings Conference Call May 10, 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 Barry Oxford - Colliers Operator Good morning, and welcome to the Necessity Retail REIT Fourth Quarter and Year-end 2022 Earnings Call.

The Necessity Retail REIT, Inc. (RTL) Q1 2023 Earnings Call Transcript

NEW YORK--(BUSINESS WIRE)--Blackwells Capital LLC (together with its affiliates, “Blackwells” or “we”) today announced that Glass, Lewis & Co LLC (“Glass Lewis”), a leading independent proxy advisory firm, has endorsed its case for boardroom change at Global Net Lease, Inc. (NYSE: GNL) (“GNL” or “the Company”) and The Necessity Retail REIT, Inc. (NYSE: RTL) (“RTL” or “the Company”). In supporting Blackwells' case for change, Glass Lewis has recommended that stockholders vote on the WHITE un.

Leading Proxy Advisory Firms Support Blackwells' Case for Board Change at Global Net Lease, Inc. and The Necessity Retail REIT, Inc.

The Necessity Retail (RTL) came out with quarterly funds from operations (FFO) of $0.23 per share, missing the Zacks Consensus Estimate of $0.27 per share. This compares to FFO of $0.24 per share a year ago.

The Necessity Retail (RTL) Lags Q1 FFO and Revenue Estimates

Company to Host Investor Webcast and Conference Call at 11:00 AM ET Today NEW YORK , May 10, 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 in the U.S., announced today its financial and operating results for the first quarter ended March 31, 2023. First Quarter 2023 and Subsequent Events Highlights Revenue grew 19.6% to $113.6 million from $94.9 million for the first quarter 2022 Net loss attributable to common stockholders was $18.8 million as compared to net income of $39.9 million for the first quarter 2022 Cash net operating income ("Cash NOI") rose 12.9% to $83.1 million from $73.6 million for the first quarter 2022 Funds from Operations ("FFO") was $0.18 per share, compared to $0.23 per share in the first quarter 2022 Adjusted Funds from Operations ("AFFO") was $30.5 million, compared to $31.8 million in the first quarter 2022 due to increased professional expenses related to year-end filings and annual meeting preparation AFFO per share was $0.23 per share compared to $0.24 per share in the first quarter 2022 Paid dividends on common stock of $28.5 million or $0.21 per share Decreased Net Debt by approximately $29.0 million compared to previous quarter Portfolio occupancy of 92.6% up from 91.4% at the end of the first quarter of 2022 Executed Occupancy plus Leasing Pipeline1 of 94.5% compared to 91.4% at the end of the first quarter of 2022 Dispositions of $71.3 million in the quarter and a disposition pipeline2 of over $100.0 million in contract sales price High quality portfolio with 58% of the single tenant portfolio, and 63.6% of top 20 tenants, investment grade rated or implied investment grade rated3 "We executed well on a number of our key strategic objectives during the first quarter by completing and building a forward pipeline of strategic dispositions and signing new and renewal leases across our portfolio," said Michael Weil, CEO of RTL.

THE NECESSITY RETAIL REIT ANNOUNCES FIRST QUARTER 2023 RESULTS

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NEW YORK--(BUSINESS WIRE)--Blackwells Capital LLC (together with its affiliates, “Blackwells”), today issued a letter to fellow shareholders reminding them to vote on the WHITE Universal Proxy Card to support the urgent need for boardroom change at The Necessity Retail REIT, Inc. (“RTL”) (NYSE: RTL). The full letter to shareholders has been reproduced below: Dear Fellow Shareholder: At the upcoming annual meeting of shareholders on May 18, 2023, shareholders will have an opportunity to halt the.

Blackwells Capital Issues Letter to Shareholders of The Necessity Retail REIT, Inc.

NEW YORK , April 25, 2023 /PRNewswire/ -- The Necessity Retail REIT, Inc. (Nasdaq: RTL/ RTLPP / RTLPO) ("RTL" or the "Company") announced today that it has completed six property sales for a total of $72.4 million since the beginning of the year, including sales previously announced. Additionally, the Company announced that it has a disposition pipeline that includes the sale of three properties for $5.4 million that are subject to definitive purchase and sale agreements ("PSAs") and 46 properties for a total of $103.7 million for which non-binding letters of intent ("LOIs") have been signed.

THE NECESSITY RETAIL REIT ANNOUNCES OVER $180 MILLION OF COMBINED YEAR-TO-DATE PROPERTY SALES AND DISPOSITION PIPELINE¹

Sell Alert: 2 REITs That Will Likely Cut Their Dividends.

Sell Alert: 2 REITs That Will Likely Cut Their Dividends

NEW YORK , April 24, 2023 /PRNewswire/ -- The Necessity Retail REIT, Inc. (Nasdaq: RTL/ RTLPP / RTLPO) ("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 2023 Investor Conference on Wednesday, June 7, 2023, at 11:45 a.m. ET at the New York Hilton Midtown hotel.

THE NECESSITY RETAIL REIT TO PRESENT AT NAREIT'S REITWEEK 2023

Necessity Retail: A Mispricing In The Sub-Investment Grade Preferred Space.

News for Necessity Retail REIT ETF (RTL)