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The Necessity Retail REIT, Inc. (symbol: RTLPO) is a public non-traded REIT investing in triple net lease properties encumbered by long-term leases with credit tenants. The company recently announced the re-election of Edward M. Weil, Jr. and Lisa Kabnick to the Board of Directors at its Annual Meeting and the selection of PricewaterhouseCoopers LLP as the independent registered accounting firm. RTL focuses on acquiring and managing a diversified portfolio of necessity-based retail single tenant and open-air shopping center properties in the U.S.
The Necessity Retail REIT (Nasdaq: RTL, RTLPO, RTLPP) announced it will continue to pay quarterly dividends on its preferred stocks. The Series A Cumulative Redeemable Perpetual Preferred Stock will provide dividends at an annualized rate of $1.875 per share, equating to $0.46875 quarterly, payable on October 17, 2022. Similarly, the Series C Preferred Stock will yield $1.84375 annually, or $0.4609375 quarterly, also payable on October 17, 2022. Record dates for both dividends are set for October 7, 2022.
The Necessity Retail REIT (Nasdaq: RTL, RTLPO, RTLPP) announced that CEO Michael Weil will present at the MoneyShow Accredited Investors Virtual Expo from August 9-11, 2022. His presentation, titled How The Retail Renaissance and The Necessity Retail REIT can Add Current Income to Your Portfolio, is scheduled for 3:55 PM Eastern on August 9. Registration for the event is free. The Necessity Retail REIT focuses on acquiring and managing necessity-based retail properties across the U.S.
The Necessity Retail REIT (Nasdaq: RTL, RTLPO, RTLPP) announced CEO Michael Weil's participation in a video interview and a fireside chat at Nareit's REITweek 2022 Investor Conference, held from June 7 to 9 in New York. During the event, Weil discussed the company's business updates and its first quarter results. Video and audio replays of the discussions can be accessed on RTL's investor relations website. The REIT primarily focuses on acquiring and managing necessity-based retail properties across the U.S.
The Necessity Retail REIT (Nasdaq: RTL, RTLPO, RTLPP) announced that it will release its second quarter financial results on August 3, 2022, after market close. A conference call is scheduled for August 4, 2022, at 11:00 a.m. ET, where management will discuss these results and the company's performance. Investors can join the call via the RTL website or by dialing in. The company is focused on necessity-based retail properties in the U.S. and provides a diversified portfolio aimed at meeting retail demands.
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.
The Necessity Retail REIT (Nasdaq: RTL, RTLPO, RTLPP) confirmed its ongoing commitment to quarterly dividends for its preferred stock. The Series A Cumulative Redeemable Perpetual Preferred Stock will yield an annual rate of $1.875 per share, with a payment of $0.46875 on July 15, 2022, for holders on record by July 5, 2022. Similarly, the Series C Preferred Stock will deliver an annual rate of $1.84375, resulting in a $0.4609375 dividend on the same date. This establishes a reliable income stream for investors.
The Necessity Retail REIT (Nasdaq: RTL, RTLPO, RTLPP) announced that CEO Michael Weil will present at the MoneyShow Virtual Expo on June 22, 2022, at 2:40 PM Eastern. His presentation, titled The Retail Renaissance – Why You Should Consider a REIT Focused on Necessity Retail, will highlight the importance of necessity-based retail properties in the current market. The conference registration is free, and attendees can register through the provided link.
The Necessity Retail REIT, Inc. (Nasdaq: RTL, RTLPO, RTLPP) announced that Jason Slear, Executive Vice President of Acquisitions and Dispositions, participated in two interviews at the ICSC Las Vegas 2022 conference. He discussed the retail landscape's evolution towards an omnichannel approach. Slear highlighted the significant role of RTL's property, construction, and asset management teams in navigating the retail sector's complexities. These insights emphasize RTL's focus on necessity-based retail properties, showcasing its strategic positioning in current market trends.
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.
The Necessity Retail REIT (Nasdaq: RTL, RTLPO, RTLPP) announced CEO Michael Weil's feature in Shopping Center Business, discussing consumer shopping habits post-pandemic. He emphasized the resilience of necessity retail, noting nearly 100% rent collection and no bankruptcies among tenants during the pandemic. Weil highlighted the REIT's focus on building a recession-resistant portfolio through stringent credit underwriting and tenant business strategies. This strategy positions RTL favorably to meet ongoing consumer needs in a changing retail landscape.
FAQ
What type of properties does The Necessity Retail REIT, Inc. invest in?
What recent announcement did The Necessity Retail REIT, Inc. make regarding its Board of Directors?
Who was selected as the independent registered accounting firm for The Necessity Retail REIT, Inc.?
What is the focus of The Necessity Retail REIT, Inc. in terms of property acquisition?
