The Necessity Retail REIT Announces Preferred Stock Dividends

Rhea-AI Summary

The Necessity Retail REIT, Inc. (Nasdaq: RTL, RTLPO, RTLPP) announced quarterly dividends for its preferred stock on March 27, 2023. The company declared a dividend of $0.46875 per share on its 7.50% Series A Preferred Stock and $0.4609375 per share on its 7.375% Series C Preferred Stock. Both dividends are payable on April 17, 2023, to shareholders on record as of the close of business on April 6, 2023. This announcement emphasizes RTL's commitment to rewarding its investors through consistent dividend payments.

Positive

• Declared dividend of $0.46875 per share on Series A Preferred Stock.
• Declared dividend of $0.4609375 per share on Series C Preferred Stock.
• Dividends reinforce company commitment to returning value to shareholders.

Negative

• Potential impact from ongoing geopolitical instability due to the Russia-Ukraine conflict.
• Risks associated with inflation and higher interest rate environments.

NEW YORK, March 27, 2023 /PRNewswire/ -- The Necessity Retail REIT, Inc. (Nasdaq: RTL/ RTLPP / RTLPO) ("RTL") announced today that it declared quarterly dividends on its outstanding preferred stock. Specifically, RTL declared a dividend of $0.46875 per share on its 7.50% Series A Cumulative Redeemable Perpetual Preferred Stock (the "Series A Preferred Stock") payable on April 17, 2023, to holders of record at the close of business on April 6, 2023. In addition, RTL declared a dividend of $0.4609375 per share on its 7.375% Series C Cumulative Redeemable Perpetual Preferred Stock (the "Series C Preferred Stock") payable on April 17, 2023, to holders of record at the close of business on April 6, 2023.

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, (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, and (iii) inflationary conditions and higher interest rate environments, 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, 2022 filed on February 23, 2023, 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 to do so 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 declared by RTL for its preferred stock?

RTL declared a dividend of $0.46875 per share for its Series A Cumulative Redeemable Perpetual Preferred Stock and $0.4609375 per share for its Series C preferred stock.

When is the dividend payment date for RTL's preferred stock?

The dividend payment date is April 17, 2023.

What is the record date for RTL's preferred stock dividends?

The record date for the dividends is April 6, 2023.

How does geopolitical instability affect RTL's stock?

Geopolitical instability, such as the conflict between Russia and Ukraine, poses risks that could potentially impact RTL's operations and financial performance.

What are the risks mentioned in RTL's press release?

The risks include the impact of the COVID-19 pandemic, geopolitical instability, inflation, and higher interest rates.