Mr. Edward Michael Weil, Jr., also known as Mike, serves as Co-Chief Executive Officer at Global Net Lease, Inc. since August 2023 and has been its Director since January 3, 2017. He has been President and...

Board Members

Name	Position	Tenure	Compensation	Ownership
Edward Weil	Chairman	7.8yrs	no data	0.050% $ 506.6k
Leslie Michelson	Independent Director	6.6yrs	US$188.19k	0.072% $ 733.3k
Stanley Perla	Independent Director	10.4yrs	US$203.08k	0.078% $ 787.5k
Edward Rendell	Independent Director	6.6yrs	US$178.13k	0.076% $ 767.4k
Lisa Kabnick	Lead Independent Director	8.1yrs	US$293.08k	0.26% $ 2.7m

7.8yrs

Average Tenure

72yo

Average Age

Experienced Board: RTL's board of directors are considered experienced (7.8 years average tenure).

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2023/09/13 02:39
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	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* 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

Necessity Retail REIT Management

Management criteria checks 2/4

Key information

Recent management updates

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

Insufficient new directors

Insufficient new directors

Independent Director recently bought US$71k worth of stock

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

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

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.

Second quarter 2023 earnings released: FFO per share: US$0.003 (vs US$0.28 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

Price target decreased by 14% to US$9.50

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)

Necessity Retail REIT: Significantly Undervalued Despite Strong FFO

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

Necessity Retail REIT declares $0.2125 dividend

Necessity Retail REIT: 10% Yield, 40% Upside, Deep In Debt

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

Necessity Retail REIT FFO of $0.27 beats by $0.01, revenue of $116.9M beats by $14.44M

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

Necessity Retail REIT declares $0.2125 dividend

Necessity Retail REIT: High Yield, Low Debt, Longer-Term Investment

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: EPS: US$0.31 (vs US$0.087 loss 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

Necessity Retail REIT: 11% Yield But We Prefer The Preferreds

Independent Director recently bought US$71k 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.

American Finance Trust: A Good Risk-Reward Setup

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.

American Finance: Preferred Shares Offer Good Buffer For Rising Rates

American Finance Trust: 7.375% Shares Are Still Attractive Thanks To Superior Dividend And Asset Coverage Ratio

Price target increased to US$11.00

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

American Finance Trust's Stable And Covered 9% Dividend Yield Trounces Realty Income

American Finance Trust collects 100% of rent in April, May

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

American Finance Trust, Inc. 2021 Q1 - Results - Earnings Call Presentation

CFO, Secretary & Treasurer has left the company

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

Price target raised to US$9.50

Revenue behind estimates

Full year 2020 earnings released: US$0.43 loss per share (vs US$0.029 loss in FY 2019)

American Finance Trust, Inc. Announces Executive Changes

What Type Of Returns Would American Finance Trust's(NASDAQ:AFIN) Shareholders Have Earned If They Purchased Their SharesYear Ago?

New 90-day high: US$8.42

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

American Finance trust receives 95% of rent due for Q4; updates on acquisitions

CEO