Necessity Retail REIT Ownership

Who are the major shareholders and have insiders been buying or selling?

Recent Insider Transactions

Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.

Ownership Breakdown

What is the ownership structure of RTL?
Owner Type	Number of Shares	Ownership Percentage
Private Companies	5,522	0.00415%
Individual Insiders	854,834	0.642%
General Public	51,966,144	39%
Institutions	80,353,380	60.3%

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.

Top Shareholders

Top 25 shareholders own 49.43% of the company

Ownership	Name	Shares	Current Value	Change %	Portfolio %
14.5%	The Vanguard Group, Inc.	19,253,227	US$146.7m	-1.88%	no data
9.83%	BlackRock, Inc.	13,097,773	US$99.8m	3.94%	no data
4.9%	State Street Global Advisors, Inc.	6,530,624	US$49.8m	-4.88%	no data
2.3%	Geode Capital Management, LLC	3,063,687	US$23.3m	1.71%	no data
2%	LSV Asset Management	2,668,651	US$20.3m	-3.03%	0.04%
1.89%	Mirae Asset Global Investments Co., Ltd.	2,515,588	US$19.2m	104%	0.02%
1.69%	Charles Schwab Investment Management, Inc.	2,252,811	US$17.2m	-10%	no data
1.28%	Dimensional Fund Advisors LP	1,707,070	US$13.0m	2.75%	no data
1.24%	Invesco Capital Management LLC	1,647,744	US$12.6m	-28.8%	0.01%
1.13%	Magnetar Capital Partners, LP	1,507,212	US$11.5m	0%	0.38%
1.04%	Northern Trust Global Investments	1,380,057	US$10.5m	-4.9%	no data
1%	Segantii Capital Management Limited	1,327,337	US$10.1m	0%	0.79%
0.77%	Phocas Financial Corporation	1,018,958	US$7.8m	45.5%	1.05%
0.73%	Castleknight Management LP	977,000	US$7.4m	106%	1.52%
0.7%	Versor Investments LP	929,566	US$7.1m	0%	1.6%
0.69%	AQR Capital Management, LLC	924,762	US$7.0m	-53.5%	0.01%
0.67%	Legal & General Investment Management Limited	886,548	US$6.8m	1.81%	no data
0.54%	UBS Asset Management AG	719,057	US$5.5m	2.49%	no data
0.45%	BNY Mellon Asset Management	597,313	US$4.6m	1.82%	no data
0.39%	Goldman Sachs Group, Investment Banking and Securities Investments	513,783	US$3.9m	170%	no data
0.37%	Morgan Stanley, Investment Banking and Brokerage Investments	488,628	US$3.7m	22.1%	no data
0.36%	JPMorgan Chase & Co, Brokerage and Securities Investments	477,536	US$3.6m	464%	no data
0.35%	Beck Capital Management LLC	472,330	US$3.6m	-59.6%	1.36%
0.33%	Citigroup Inc.,Banking and Securities Investments	439,211	US$3.3m	400%	no data
0.33%	Millennium Management LLC	437,090	US$3.3m	761%	no data

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2023/09/13 20:44
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