Necessity Retail REIT (DB:3FG) - Stock Price, News & Analysis

3FG Stock Overview

The Necessity Retail REIT (Nasdaq: RTL) is the preeminent publicly traded real estate investment trust (REIT) focused on "Where America Shops".

About the company

3FG fundamental analysis
Snowflake Score
Valuation	4/6
Future Growth	0/6
Past Performance	0/6
Financial Health	3/6
Dividends	2/6

Rewards

Trading at 0.5% below our estimate of its fair value

Trading at good value compared to peers and industry

Risk Analysis

Earnings have declined by 36.3% per year over past 5 years

Dividend of 11.17% is not well covered by earnings or cash flows

The Necessity Retail REIT, Inc. Competitors

Hamborner REIT

XTRA:HABA

€534.4m

Deutsche Konsum REIT-AG

XTRA:DKG

€117.4m

alstria office REIT-AG

XTRA:AOX

€1.1b

Frey

ENXTPA:FREY

€887.2m

Price History & Performance

Summary of all time highs, changes and price drops for Necessity Retail REIT
Historical stock prices
Current Share Price	US$6.99
52 Week High	US$7.25
52 Week Low	US$4.11
Beta	1.33
11 Month Change	4.64%
3 Month Change	6.39%
1 Year Change	-1.55%
33 Year Change	19.43%
5 Year Change	n/a
Change since IPO	4.52%

Recent updates

Shareholder Returns

	3FG	DE Retail REITs	DE Market
7D	5.7%	-0.7%	0.2%
1Y	-1.5%	24.6%	7.6%

Return vs Industry: 3FG matched the German Retail REITs industry which returned -1.6% over the past year.

Return vs Market: 3FG underperformed the German Market which returned 5.9% over the past year.

Price Volatility

Is 3FG's price volatile compared to industry and market?
3FG volatility
3FG Average Weekly Movement	5.0%
Retail REITs Industry Average Movement	2.3%
Market Average Movement	4.9%
10% most volatile stocks in DE Market	11.9%
10% least volatile stocks in DE Market	2.4%

Stable Share Price: 3FG has not had significant price volatility in the past 3 months.

Volatility Over Time: 3FG's weekly volatility (5%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
2013	n/a	Mike Weil	www.necessityretailreit.com

The Necessity Retail REIT (Nasdaq: RTL) is the preeminent publicly traded real estate investment trust (REIT) focused on "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.

The Necessity Retail REIT, Inc. Fundamentals Summary

How do Necessity Retail REIT's earnings and revenue compare to its market cap?
3FG fundamental statistics
Market cap	€945.81m
Earnings (TTM)	-€151.99m
Revenue (TTM)	€423.93m

2.2x

P/S Ratio

-6.2x

P/E Ratio

Is 3FG overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
3FG income statement (TTM)
Revenue	US$454.86m
Cost of Revenue	US$139.65m
Gross Profit	US$315.21m
Other Expenses	US$478.29m
Earnings	-US$163.08m

Last Reported Earnings

Jun 30, 2023

Next Earnings Date

n/a

Earnings per share (EPS)	-1.22
Gross Margin	69.30%
Net Profit Margin	-35.85%
Debt/Equity Ratio	181.0%

How did 3FG perform over the long term?

See historical performance and comparison

Dividends

11.2%

Current Dividend Yield

163%

Payout Ratio

3FG Stock Overview

Rewards

Risk Analysis

The Necessity Retail REIT, Inc. Competitors

XTRA:HABA

€534.4m

XTRA:DKG

€117.4m

XTRA:AOX

€1.1b

ENXTPA:FREY

€887.2m

Price History & Performance

Recent News & Updates

The Necessity Retail REIT, Inc. Files Form 15

The Necessity Retail REIT, Inc.(NasdaqGS:RTL) dropped from NASDAQ Composite Index

Global Net Lease, Inc. (NYSE:GNL) completed the acquisition of The Necessity Retail REIT, Inc. (NasdaqGS:RTL) from The Vanguard Group, Inc., BlackRock, Inc. (NYSE:BLK), State Street Corporation (NYSE:STT) and others.

New major risk - Revenue and earnings growth

Second quarter 2023 earnings released: US$0.40 loss per share (vs US$0.43 loss in 2Q 2022)

The Necessity Retail REIT, Inc. to Report Q2, 2023 Results on Aug 02, 2023

Recent updates

The Necessity Retail REIT, Inc. Files Form 15

The Necessity Retail REIT, Inc.(NasdaqGS:RTL) dropped from NASDAQ Composite Index

Global Net Lease, Inc. (NYSE:GNL) completed the acquisition of The Necessity Retail REIT, Inc. (NasdaqGS:RTL) from The Vanguard Group, Inc., BlackRock, Inc. (NYSE:BLK), State Street Corporation (NYSE:STT) and others.

New major risk - Revenue and earnings growth

Second quarter 2023 earnings released: US$0.40 loss per share (vs US$0.43 loss in 2Q 2022)

The Necessity Retail REIT, Inc. to Report Q2, 2023 Results on Aug 02, 2023

An unknown buyer acquired Portfolio of 44 Properties of The Necessity Retail REIT, Inc. for $93 million.

Blackwells Capital Provides Information to Shareholders of The Necessity Retail REIT

Global Net Lease, Inc. (NYSE:GNL) entered into a definitive merger agreement to acquire The Necessity Retail REIT, Inc. (NasdaqGS:RTL) for approximately $940 million.

Blackwells Capital Calls on Global Net Lease and The Necessity Retail REIT to Confirm Annual Meeting Dates

First quarter 2023 earnings released: US$0.14 loss per share (vs US$0.31 profit in 1Q 2022)

The Necessity Retail REIT, Inc., Annual General Meeting, May 18, 2023

Full year 2022 earnings released: FFO per share: US$1.0 (vs US$0.83 in FY 2021)

The Necessity Retail REIT, Inc. to Report Q4, 2022 Results on Feb 22, 2023

The Necessity Retail REIT, Inc. Announces Common Stock Dividend for First Quarter 2023, Payable on January 17, 2023

Blackwells Onshore Files Complaint Against The Necessity Retail REIT, Inc

Blackwells Capital Announces Lawsuit Against Global Net Lease Inc. and The Necessity Retail REIT Inc

Insufficient new directors

Third quarter 2022 earnings released: FFO per share: US$0.2 (vs US$0.27 in 3Q 2021)

The Necessity Retail REIT, Inc. to Report Q3, 2022 Results on Nov 02, 2022

The Necessity Retail REIT Declares Common Stock Dividend for Fourth Quarter 2022, Payable on October 17, 2022

Forecast breakeven date pushed back to 2024

Second quarter 2022 earnings released: US$0.38 loss per share (vs US$0.067 loss in 2Q 2021)

The Necessity Retail REIT, Inc. Announces Impairment Charges for the Three Months Ended June 30, 2022

The Necessity Retail REIT, Inc. to Report Q2, 2022 Results on Aug 03, 2022

The Necessity Retail REIT, Inc. Announces Common Stock Dividend for Third Quarter 2022, Payable on July 15, 2022

Forecast breakeven date moved forward to 2022

The Necessity Retail REIT, Inc. (NasdaqGS:RTL) acquired The Plant open air shopping center in San Jose, CA from CIM Real Estate Finance Trust, Inc. for $175 million.

First quarter 2022 earnings released: FFO: US$94.9m per share (vs US$0.21 in 1Q 2021)

The Necessity Retail REIT, Inc. Announces Unaudited Impairment Charges for the First Quarter Ended March 31, 2022

Insufficient new directors

The Necessity Retail REIT, Inc. to Report Q1, 2022 Results on May 04, 2022

The Necessity Retail REIT, Inc. Announces Common Stock Dividend for Second Quarter 2022, Payable on April 18, 2022

Independent Director recently bought €63k worth of stock

Full year 2021 earnings: EPS in line with expectations, revenues disappoint

The Necessity Retail REIT, Inc., Annual General Meeting, Apr 19, 2022

American Finance Trust, Inc. to Report Q4, 2021 Results on Feb 23, 2022

An unknown buyer completed the acquisition of non-core portfolio of three office buildings leased to Sanofi S.A.

Forecast to breakeven in 2024

American Finance Trust, Inc. (NasdaqGS:AFIN) entered into an agreement to acquire Shopping centers from CIM Real Estate Finance Trust, Inc. for $13.2 billion.

Third quarter 2021 earnings released: US$0.054 loss per share (vs US$0.065 loss in 3Q 2020)

American Finance Trust, Inc. (NasdaqGS:AFIN) acquired 31 Properties Located in the United States for $85.3 million.

Second quarter 2021 earnings released: US$0.013 loss per share (vs US$0.20 loss in 2Q 2020)

First quarter 2021 earnings released: US$0.087 loss per share (vs US$0.084 loss in 1Q 2020)

CFO, Secretary & Treasurer has left the company

American Finance Trust, Inc., Annual General Meeting, Apr 12, 2021

Full year 2020 earnings released: FFO US$0.90 per share (vs US$0.93 in FY 2019)

Revenue misses expectations

American Finance Trust, Inc. Announces Executive Changes

New 90-day high: €6.99

American Finance Trust, Inc. to Report Q4, 2020 Results on Feb 24, 2021

New 90-day high: €6.27

Revenue beats expectations

Third quarter 2020 earnings released: FFO US$0.24 per share

New 90-day low: €5.09

An unknown buyer acquired two Truist Bank properties from American Finance Trust, Inc. (NasdaqGS:AFIN) for $5.6 million.

Earnings released

American Finance Trust, Inc. to Report Q2, 2020 Results on Aug 05, 2020

Shareholder Returns