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

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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.

Positive
  • Declared a quarterly dividend of $0.2125 per share, indicating strong cash flow management.
Negative
  • Potential risks related to the ongoing global COVID-19 pandemic and geopolitical instability, which could impact tenants and financial performance.

NEW YORK, Oct. 3, 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 (or, if not a business day, the next succeeding business day) to Class A common stock holders of record on the record date for such payment.

Accordingly, RTL declared a dividend of $0.2125 per share of Class A common stock payable on October 17, 2022 to common stock holders of record at the close of business on October 13, 2022.

About The Necessity Retail REIT Where America Shops

The Necessity Retail REIT, Inc. (Nasdaq: RTL) is a publicly traded real estate investment trust listed on the Nasdaq 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. Additional information about RTL can be found on its website at www.necessityretailreit.com.

Important Notice

The statements in this press release that are not historical facts may be forward-looking statements. These forward-looking statements involve risks and uncertainties that could cause the outcome to be materially different. The words such as "may," "will," "seeks," "anticipates," "believes," "expects," "estimates," "projects," "plans," "intends,"  "should" and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. These forward-looking statements are subject to a number of risks, uncertainties and other factors, many of which are outside of RTL's control, which could cause actual results to differ materially from the results contemplated by the forward-looking statements. These risks and uncertainties include  the potential adverse effects of (i) the ongoing global COVID-19 pandemic, including actions taken to contain or treat COVID-19, and (ii) the geopolitical instability due to the ongoing military conflict between Russia and Ukraine, including related sanctions and other penalties imposed by the U.S. and European Union, and the related impact on RTL, RTL's tenants and the global economy and financial markets, as well as those set forth in the Risk Factors section of RTL's most recent Annual Report on Form 10-K for the year ended December 31, 2021 filed on February 24, 2022, and all other filings with the Securities and Exchange Commission after that date, as such risks, uncertainties and other important factors may be updated from time to time in RTL's subsequent reports. Further, forward-looking statements speak only as of the date they are made, and RTL undertakes no obligation to update or revise any forward-looking statement to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results over time, unless required by law.

Contacts:
Investor Relations       
ir@rtlreit.com
(866) 902-0063

 

 

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SOURCE The Necessity Retail REIT, Inc.

FAQ

What is the dividend amount for RTL shares?

The dividend amount for RTL shares is $0.2125 per share.

When is the RTL dividend payment date?

The RTL dividend payment date is October 17, 2022.

What is the record date for the RTL dividend?

The record date for the RTL dividend is October 13, 2022.

How often does RTL pay dividends?

RTL pays dividends on a quarterly basis.

What is RTL's annualized dividend rate?

RTL's annualized dividend rate is $0.85 per share.

The Necessity Retail REIT, Inc.

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REIT - Diversified
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