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

Rhea-AI Summary

The Necessity Retail REIT, Inc. (Nasdaq: RTL, RTLPO, RTLPP) announced a quarterly dividend of $0.2125 per share, totaling an annualized rate of $0.85 per share. This dividend is set for payment on July 15, 2022 to stockholders of record as of July 11, 2022. RTL aims to maintain consistent dividend payouts authorized by its board, reflecting its commitment to shareholder returns. The company focuses on a diversified portfolio of retail and distribution-related commercial properties across the U.S.

Positive

• Quarterly dividend declared at $0.2125 per share, reinforcing shareholder value.
• Annualized dividend rate of $0.85 indicates ongoing commitment to regular payouts.

Negative

• Potential risks from geopolitical instability, including impacts from the Russia-Ukraine conflict.
• Market conditions may hinder future acquisitions, affecting growth prospects.

NEW YORK, July 1, 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 (unless otherwise specified) 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 July 15, 2022 to Class A common stock holders of record at the close of business on July 11, 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. In addition, 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 (a) 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 other countries, as well as other public and private actors and companies, on RTL, RTL's tenants and the global economy and financial markets, and (b) that any potential future acquisition including the remaining property in the CIM portfolio is subject to market conditions and capital availability and may not be identified or completed on favorable terms, or at all, 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 SEC 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 Necessity Retail REIT declared a dividend of $0.2125 per share.

When is the next dividend payment for RTL?

The next dividend payment is scheduled for July 15, 2022.

Who is eligible for the dividend payment from RTL?

Class A common stockholders on record as of July 11, 2022, are eligible for the dividend.

What is the annualized dividend rate for RTL?

The annualized dividend rate for RTL is $0.85 per share.

Are there any risks associated with RTL's dividend payouts?

Yes, risks include market conditions impacting future acquisitions and geopolitical instability.