Welcome to our dedicated page for THE NECESSITY RETAIL REIT news (Ticker: RTL), a resource for investors and traders seeking the latest updates and insights on THE NECESSITY RETAIL REIT stock.
The Necessity Retail REIT, Inc. (Nasdaq: RTL) maintains a diversified portfolio of 991 net-leased retail properties across 46 U.S. states, specializing in essential service locations through triple-net leases. This page provides comprehensive updates on RTL's strategic initiatives, financial performance, and industry developments.
Investors and analysts will find timely information on quarterly earnings, property acquisitions, and portfolio optimization efforts. Recent updates include progress on the transformative merger with Global Net Lease and execution of 700,000+ square feet in new leasing agreements.
Key content areas cover debt reduction strategies, tenant lease renewals, and sector-specific adjustments like the $93 million casual dining disposition. All materials are curated to support analysis of RTL's focus on recession-resistant retail assets and long-term cash flow stability.
Bookmark this page for ongoing access to press releases, SEC filings, and market commentary. For additional resources, visit RTL's official website at www.necessityretailreit.com.
Blackwells Capital has released a presentation for shareholders of Global Net Lease (GNL) and Necessity Retail REIT (RTL), highlighting concerns about the company's external manager, AR Global. The presentation claims that AR Global's mismanagement has led to losses of $838 million for GNL and RTL shareholders. Blackwells proposes to eliminate these management agreements and has outlined a plan to enhance shareholder value, including installing new directors and creating committees aimed at improving corporate governance. The initiative aims to address perceived undervaluation and management issues affecting GNL and RTL.
The Necessity Retail REIT (Nasdaq: RTL) reported a 33% revenue growth year-over-year to $446.4 million for the year ended December 31, 2022. Despite this increase, the company faced a net loss of $105.9 million or $0.81 per share. Cash Net Operating Income rose 24% to $332.6 million, while Funds from Operations (FFO) increased 31.8% to $125.6 million. The company successfully executed 83 new leases, enhancing its portfolio occupancy to 89.8%. In 2022, RTL acquired 95 properties for $1.4 billion, focusing on necessity retail spaces.
The Necessity Retail REIT (Nasdaq: RTL, RTLPO, RTLPP) announced it will disclose its fourth quarter and full year financial results for 2022 on February 22, 2023, post-market hours. A conference call will follow on February 23, 2023, at 11:00 a.m. ET, featuring management commentary and a Q&A session with analysts and investors.
The REIT focuses on necessity-based retail properties across the U.S. with a diversified portfolio strategy. Forward-looking statements highlight potential risks, including COVID-19 impacts and geopolitical tensions affecting operations.
The Necessity Retail REIT, Inc. (Nasdaq: RTL/ RTLPO/ RTLPP) announced it will pay a quarterly dividend of $0.2125 per share on January 17, 2023, to shareholders recorded by January 13, 2023. This dividend reflects an annualized rate of $0.85 per share, continuing its commitment to returning value to investors. Payments will occur on the 15th of the month following each fiscal quarter’s end. The company remains focused on managing a portfolio of retail and distribution properties across the U.S.
The Necessity Retail REIT, Inc. (Nasdaq: RTL/ RTLPO / RTLPP) announced the closing of four property sales totaling $1.6 million and expects to finalize an additional $72.8 million in Q4 2022. By year-end, the company will have disposed of 27 properties for a total of $405.4 million. Furthermore, RTL signed over two million square feet of new and renewal leases in 2022, emphasizing its strategic growth. CEO Michael Weil highlighted the potential use of proceeds for debt repayment and anticipated further disposals in early 2023.
The Necessity Retail REIT, Inc. (Nasdaq: RTL/ RTLPP / RTLPO) announced it will continue quarterly dividends on its 7.50% Series A Cumulative Redeemable Perpetual Preferred Stock at an annualized rate of $1.875 per share. A dividend of $0.46875 per share is set for payment on January 17, 2023, to Series A Preferred Stock holders of record by January 6, 2023. This consistent dividend policy reflects RTL's commitment to shareholder returns.
The Necessity Retail REIT (Nasdaq: RTL, RTLPO, RTLPP) announced a quarterly dividend of $0.4609375 per share on its 7.375% Series C Cumulative Redeemable Perpetual Preferred Stock. This dividend, totaling $1.84375 annually, will be paid on January 17, 2023 to holders of record as of January 6, 2023. The company continues its commitment to shareholder returns amidst market uncertainties, including impacts from the COVID-19 pandemic and geopolitical tensions.
The Necessity Retail REIT (Nasdaq: RTL) reported a 26.4% revenue increase to $116.2 million for Q3 2022, up from $91.9 million in Q3 2021. Despite this growth, net loss attributable to common stockholders surged to $56.5 million compared to $6.4 million the previous year. Cash net operating income rose 12.3% to $85.0 million. Funds from Operations (FFO) decreased to $0.22 per share from $0.25, while Adjusted Funds from Operations (AFFO) fell to $34.2 million, down from $36.4 million, although AFFO per share grew 18% compared to Q4 2021. The company executed over 1 million square feet in leases.
The Necessity Retail REIT (Nasdaq: RTL, RTLPO, RTLPP) announced its financial results for Q3 2022 will be released on November 2, 2022, post-market close. A conference call to discuss these results is scheduled for November 3, 2022, at 11:00 a.m. ET, which will include a Q&A session. RTL focuses on necessity-based retail properties across the U.S., aiming to provide insights into its investment strategy and business performance. More information can be found on their official website.
The Necessity Retail REIT announced a **quarterly dividend** of **$0.2125** per share of Class A common stock for Q4 2022, set for payment on **October 17, 2022**. Shareholders on record by **October 13, 2022** will receive the payment. This dividend reflects an annualized rate of **$0.85** per share. The REIT focuses on a diversified portfolio primarily consisting of service-oriented and traditional retail properties in the U.S.
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