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The Necessity Retail REIT CEO Michael Weil Discusses the Retail Renaissance with GlobeSt

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On May 12, 2022, The Necessity Retail REIT (Nasdaq: RTL/ RTLPO / RTLPP) announced CEO Michael Weil's feature in a GlobeSt article discussing the retail real estate sector's current state. Weil emphasized the significance of the omnichannel retail strategy, stating that bricks-and-mortar stores are vital to this approach. He described the ongoing changes in retail as a 'renaissance.' The REIT focuses on managing a diversified portfolio of necessity-based retail properties across the U.S. More details can be found in the linked GlobeSt article.

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  • CEO Michael Weil highlighted the importance of the omnichannel approach in retail, suggesting future growth potential.
  • The REIT's focus on necessity-based retail positions it favorably within the evolving retail landscape.
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  • None.

NEW YORK, May 12, 2022 /PRNewswire/ -- The Necessity Retail REIT, Inc. (Nasdaq: RTL/ RTLPP / RTLPO) ("RTL") announced today that Michael Weil, its CEO, was featured in a GlobeSt article focused on the current state of the retail real estate market and how RTL's portfolio is poised to capitalize on the omnichannel approach retailers have embraced. 

"You can't ignore the long-term value of omnichannel, and bricks and mortar [retail] continues to become an important aspect of that strategy," Weil said. "A retail renaissance, that's what we've been talking about. I think we're living in it right now."

A link to the GlobeSt article, What's Behind Retail's Bricks-and-Mortar Renaissance is provided below: https://www.globest.com/2022/05/10/whats-behind-retails-bricks-and-mortar-renaissance/

About The Necessity Retail REIT Where America Shops 

The Necessity Retail REIT (Nasdaq: RTL) is the preeminent publicly traded real estate investment trust (REIT) focused "Where America Shops". RTL acquires and manages a diversified portfolio of primarily necessity-based retail single tenant and open-air shopping center 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 actual results or events to be materially different. The words "anticipates," "believes," "expects," "estimates," "projects," "plans," "intends," "may," "will," "seek," "would" 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 risks, uncertainties and other factors, many of which are outside of the Company'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 the ongoing global COVID-19 pandemic, including actions taken to contain or treat COVID-19, on the Company, the Company's tenants, any assets under contract to be acquired including their respective tenants and uncertainty and volatility in the global economy and financial markets from, among other things,  COVID-19 and the ongoing war in Ukraine, all of which may adversely affect market conditions and capital availability as well as those risks and uncertainties set forth in the Risk Factors section of the Company's 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 the Company's subsequent reports Forward looking statements speak only as of the date they are made, and the Company 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, unless required to do so by law.

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

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/the-necessity-retail-reit-ceo-michael-weil-discusses-the-retail-renaissance-with-globest-301544311.html

SOURCE The Necessity Retail REIT, Inc.

FAQ

What did Michael Weil say about retail in the GlobeSt article on May 12, 2022?

Michael Weil emphasized the ongoing importance of omnichannel strategies and the vital role of bricks-and-mortar stores.

How is The Necessity Retail REIT positioned in the retail market according to the latest press release?

The Necessity Retail REIT is well-positioned to capitalize on the current retail renaissance, focusing on necessity-based retail properties.

What is the significance of the term 'retail renaissance' mentioned by The Necessity Retail REIT?

The 'retail renaissance' refers to the revitalization of the retail sector, particularly the integration of physical stores within omnichannel strategies.

What is the stock symbol for The Necessity Retail REIT?

The stock symbols for The Necessity Retail REIT are RTL, RTLPO, and RTLPP.

The Necessity Retail REIT, Inc.

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