The Necessity Retail REIT, Inc.
RTLPP
NASDAQ Global Select19.61
USD
-0.45
- -
The Necessity Retail REIT, Inc.
RTLPP
(NASDAQ Global Select)
Recent
price
19.61
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Similar Companies
- Business
- The Necessity Retail REIT, Inc. The Necessity Retail REIT, Inc. (Nasdaq: RTLPP) operates as a real estate investment trust focused on acquiring, owning, and managing a diversified portfolio of necessity-based retail properties in the United States, including single-tenant properties, multi-tenant open-air shopping centers, power centers, anchored grocery centers, and distribution-related commercial real estate; its core offerings encompass triple-net lease arrangements with service-oriented and traditional retail tenants, property leasing services, acquisition strategies, and portfolio management across segments such as multi-tenant properties generating $242 million in sales and single-tenant properties generating $204 million in sales as of recent fiscal data. Founded in 2013 and headquartered at 650 Fifth Avenue, 30th Floor, New York, New York, the company targets essential retail operators serving everyday consumer needs in domestic markets. Subsidiaries include entities like ARC PCBIRAL001 LLC and ARC TSKCYMO001 LLC, which support real estate development and leasing of commercial and retail properties. In September 2023, The Necessity Retail REIT, Inc. completed its merger with Global Net Lease, Inc. Global Net Lease, Inc., establishing the third-largest listed net lease REIT with over 1,300 properties, an aggregate real estate asset value of approximately $9.6 billion, enhanced global presence, balanced sector exposures, and internalized asset and property management functions previously handled externally by AR Global affiliates, resulting in anticipated annual cash savings of $54 million; this all-stock transaction, approved by shareholders, led to RTL common shares ceasing Nasdaq trading while preferred series like RTLPP persist, alongside prior 2022-2023 acquisitions totaling approximately $1.4 billion such as the $1.3 billion open-air shopping center portfolio from CIM Real Estate Finance Trust, Inc., 81 multi-tenant power, anchored, and grocery centers, and additional properties funded via credit facilities, assumed mortgages, and equity issuances.