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THE NECESSITY RETAIL REIT INC - RTL STOCK NEWS

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.

News

GLOBAL NET LEASE AND THE NECESSITY RETAIL REIT COMPLETE MERGER AND INTERNALIZATION TRANSACTION

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Global Net Lease and Necessity Retail REIT have completed their merger, creating the third-largest net lease REIT with over 1,300 properties and a global presence. RTL stockholders received 0.670 shares of GNL for each RTL common share. GNL expects to benefit from enhanced governance attributes and a larger asset base, enabling growth and value creation.
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Orange Capital Issues Statement and Releases KEY Questions in Advance of Today's GNL Management Call

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Orange Capital opposes the proposed merger of GNL and RTL, citing lack of financial and strategic value and erosion of shareholder value. They highlight critical facts about the Advisory Agreement and the internalization fee payable to AR Global. Orange Capital believes an Independent COC would save shareholders over $2.70 per GNL share and result in zero NAV dilution. They question GNL's failure to reference comparable internalization transactions and the leverage of termination clauses in the Advisory Agreement. They also raise concerns about the GNL Board's process, the necessity of the merger, and the commitment to governance enhancements. ISS and Glass Lewis recommend shareholders vote against the merger. Orange Capital criticizes the payment to Blackwells and urges their views to be disregarded. They intend to vote against the merger.
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Blackwells Capital Reiterates Support for the Combination of Global Net Lease and The Necessity Retail REIT

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Blackwells Capital reiterates support for proposed combination of GNL and RTL, estimating over $75 million in annual savings and improved corporate governance. Expects merged entity to command a premium valuation as a $10 billion REIT platform. Blackwells will vote in favor of the merger.
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GLOBAL NET LEASE TO HOST CONFERENCE CALL AND Q&A TO DISCUSS BENEFITS OF MERGER AND INTERNALIZATION TRANSACTION

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Global Net Lease, Inc. (GNL) will host a conference call to discuss the proposed merger with The Necessity Retail REIT, Inc. (RTL) and the internalization of advisory and property management functions. ISS has issued a corrected report acknowledging its error in analyzing the transaction. The merger is expected to enhance corporate governance, improve AFFO payout ratio, increase size and scale, reduce leverage, and provide overall benefits.
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Global Net Lease and Necessity Retail REIT Release Presentation Detailing Benefits of Merger

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Highlights Efficiencies, Scale and Significant Governance Overhauls Nominated Directors of GNL and RTL Were Re-Elected by Shareholders Following the Merger Announcement with 85% GNL Shareholder Participation and 75% RTL Shareholder Participation in 2023 Annual Meeting Boards Recommend Stockholders to Vote 'FOR' proposals at Special Meetings on September 8, 2023
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Orange Capital Releases Detailed Presentation on Why It Intends to Vote Against the Merger of Global Net Lease, Inc. and the Necessity Retail REIT, Inc.

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GLOBAL NET LEASE REPORTS SECOND QUARTER 2023 RESULTS

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Global Net Lease, Inc. (NYSE: GNL) announced its financial and operating results for the quarter ended June 30, 2023, including a merger agreement with The Necessity Retail REIT, Inc. Revenue was $95.8 million, with a net loss of $31.4 million. The company's portfolio of 317 net lease properties is located in eleven countries and territories, and is comprised of 39.6 million rentable square feet leased to 139 tenants across 52 industries. As of June 30, 2023, the company had liquidity of $374.1 million, including $100.9 million of cash and cash equivalents and $273.2 million of availability under the Company's revolving credit facility.
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THE NECESSITY RETAIL REIT ANNOUNCES SECOND QUARTER 2023 RESULTS

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Orange Capital Outlines Strong-arm Tactics Deployed by Global Net Lease, Inc. Board Regarding the Proposed Merger with Necessity Retail REIT

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

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The Necessity Retail REIT, Inc. will release its financial results for Q2 2023 on August 2, 2023. A conference call and webcast will be held on August 3, 2023, to discuss the results and provide business performance commentary.
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THE NECESSITY RETAIL REIT INC

Nasdaq:RTL

RTL Rankings

N/A Ranked by Market Cap
N/A Ranked by Dividends

RTL Stock Data

1.09B
133.09M
0.59%
58.29%
2.59%
REIT - Diversified
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United States
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