Necessity Retail REIT Balance Sheet Health
Financial Health criteria checks 3/6
Necessity Retail REIT has a total shareholder equity of $1.5B and total debt of $2.7B, which brings its debt-to-equity ratio to 181%. Its total assets and total liabilities are $4.3B and $2.9B respectively. Necessity Retail REIT's EBIT is $33.1M making its interest coverage ratio 0.2. It has cash and short-term investments of $59.2M.
Key information
181.0%
Debt to equity ratio
US$2.65b
Debt
| Interest coverage ratio | 0.2x |
| Cash | US$59.17m |
| Equity | US$1.46b |
| Total liabilities | US$2.87b |
| Total assets | US$4.34b |
Recent financial health updates
Recent updates
Necessity Retail REIT: Significantly Undervalued Despite Strong FFO
Oct 19Necessity Retail REIT declares $0.2125 dividend
Oct 03Necessity Retail REIT: 10% Yield, 40% Upside, Deep In Debt
Aug 18Necessity Retail REIT FFO of $0.27 beats by $0.01, revenue of $116.9M beats by $14.44M
Aug 03Necessity Retail REIT declares $0.2125 dividend
Jul 01Necessity Retail REIT: High Yield, Low Debt, Longer-Term Investment
Jun 08Necessity Retail REIT: 11% Yield But We Prefer The Preferreds
Mar 28American Finance Trust: A Good Risk-Reward Setup
Dec 09American Finance: Preferred Shares Offer Good Buffer For Rising Rates
Sep 22American Finance Trust: 7.375% Shares Are Still Attractive Thanks To Superior Dividend And Asset Coverage Ratio
Sep 11American Finance Trust's Stable And Covered 9% Dividend Yield Trounces Realty Income
Jun 15American Finance Trust collects 100% of rent in April, May
Jun 08American Finance Trust, Inc. 2021 Q1 - Results - Earnings Call Presentation
May 06What Type Of Returns Would American Finance Trust's(NASDAQ:AFIN) Shareholders Have Earned If They Purchased Their SharesYear Ago?
Feb 20
American Finance trust receives 95% of rent due for Q4; updates on acquisitions
Jan 07Financial Position Analysis
Short Term Liabilities: RTL's short term assets ($200.5M) exceed its short term liabilities ($61.5M).
Long Term Liabilities: RTL's short term assets ($200.5M) do not cover its long term liabilities ($2.8B).
Debt to Equity History and Analysis
Debt Level: RTL's net debt to equity ratio (177%) is considered high.
Reducing Debt: RTL's debt to equity ratio has increased from 80.8% to 181% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Whilst unprofitable RTL has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: RTL is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 8% per year.
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2023/09/13 05:31 |
| End of Day Share Price | 2023/09/11 00:00 |
| Earnings | 2023/06/30 |
| Annual Earnings | 2022/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
The Necessity Retail REIT, Inc. is covered by 5 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Brian Hollenden | Aegis Capital Corporation |
| Bryan Maher | B. Riley Securities, Inc. |
| Barry Oxford | Colliers Securities |