The Necessity Retail Reit Inc's Competitiveness
A competitive positioning analysis and financial ratio benchmarking of The Necessity Retail Reit Inc (RTL) against its publicly traded competitors: sales growth, net income, profitability, valuation and market share, plus each peer's market capitalization, revenue, income and employees. Free below: the top 5 peers. Subscriber access adds the full competitor list and CSV downloads.
Key Findings: The Necessity Retail Reit Inc vs Its Competitors
- TTM: Trailing 12-month revenue of 455M vs 11,359M combined for tracked competitors (3.9% combined share).
- Trending: Latest-quarter revenue run-rate is decelerating (-6.2% annualized vs trailing 12 months), vs decelerating (-21.7%) for its tracked peer group.
- Growth: The Necessity Retail Reit Inc generated -8.8% revenue growth year over year in Q2 2023, vs 16.5% for its tracked competitors combined.
- Profitability: Its -44.7% net margin compares with 21.3% for the peer group.
- Peer revenue share: The Necessity Retail Reit Inc accounted for 4.6% of combined revenue among its tracked peer group, down from 5.8% a year earlier.
- Peer differentiation: Revenue per employee of $10.11M compares with $5.61M for the peer group (1.8x).
Every figure above is sourced and cited in detail further down this page (Market Structure, Profitability & Cost Structure, Productivity vs Peers).
RTL Sales vs. its Competitors, Q2 2023
The Necessity Retail Reit Inc reported revenue contraction of 8.75 % year on year in Q2 2023, below its competitors' combined revenue growth of 16.53 %.
With a net margin of -44.70 %, The Necessity Retail Reit Inc reported lower profitability than its competitors (21.26 %).
The Necessity Retail Reit Inc generated 4.58 % of the combined sales of its peer group, down from 5.78 % a year earlier.
The Necessity Retail Reit Inc vs. its Competitors, Q2 2023
Revenue growth, year on year
Net margin
Revenue run-rate vs trailing 12 months
TTM net margin
TTM = trailing twelve months. Run-rate annualizes the latest quarter (×4) and compares it to TTM. In millions of $. High-Confidence Competitors are named as a competitor directly in an SEC filing; Similar-Size Competitors are the closest peers by market-cap rank within the same industry; Similar Growth & Profitability Competitors are the closest peers by combined revenue growth, operating margin and ROIC, all independent of the competitor list.
TTM revenue, latest-quarter run-rate and net income/margin benchmarked across The Necessity Retail Reit Inc and its 4 competitor groupings. Available under Commercial License.
| Entity | TTM Revenue | Rev Run-rate vs TTM |
|---|---|---|
| The Necessity Retail Reit Inc | $12,345M | +12.3% · Accelerating |
| Competitors combined | $12,345M | +12.3% · Accelerating |
| Similar Growth & Profitability (4) | $12,345M | +12.3% · Accelerating |
TTM revenue, run-rate and net margin benchmarking across The Necessity Retail Reit Inc's competitor groups requires a Commercial License.
For context: the Real Estate Investment Trusts industry grew revenue -0.8% year over year, combined, vs -8.8% for The Necessity Retail Reit Inc. The Necessity Retail Reit Inc's share of combined industry revenue moved from 0.16% to 0.15%, a loss of 0.01 percentage points.
The Necessity Retail Reit Inc's Competitor Quality Breadth
Share of each group, trailing 12 months: profitable (net margin > 0), expanding (revenue growth > 0), growing faster than the industry's own median, and financially distressed (Piotroski F-Score of 2 or below).
| Entity | Profitable | Expanding | Above Industry Growth | Distressed |
|---|---|---|---|---|
| The Necessity Retail Reit Inc | No | Yes | Yes | Yes |
| Competitors combined (5) | ||||
| Similar Growth & Profitability (8) | 87.50 % (7 of 8) | 100.00 % (8 of 8) | 100.00 % (8 of 8) | 33.30 % (2 of 6) |
Source: CSIMarket API, trailing 12 months. Altman Z-Score is not shown here: it is not populated in the underlying data for any company. Percentages are of companies in each group that report the relevant metric, not of the full group size.
RTL Stock Performance relative to its Competitors
RTL Stock Performance relative to Similar Growth & Profitability Competitors
5 Best-Performing Tracked Competitors, Trailing 12 Months
| # | Competitor | TTM Share Price Return | vs U.S.A. 500 |
|---|---|---|---|
| 1 | Federal Realty Investment Trust | 282.9% | Outperformed |
| 2 | Kimco Realty Corporation | 282.9% | Outperformed |
| 3 | Regency Centers Corporation | 282.9% | Outperformed |
| 4 | Realty Income Corporation | 282.9% | Outperformed |
| 5 | Ah Realty Trust Inc | 282.9% | Outperformed |
TTM share price return and U.S.A. 500 outperformance for The Necessity Retail Reit Inc's best-performing tracked competitors requires a Commercial License.
Source: CSIMarket API, trailing 12 months.
Publicly Traded Peers of The Necessity Retail Reit Inc
Revenue and income for trailing 12 months, in millions of $, except employees| Company | Market Cap | Revenues |
|---|---|---|
| The Necessity Retail Reit Inc | 1,018.22 | 454.86 |
| Realty Income Corporation | 51,733.54 | 6,054.93 |
| Kimco Realty Corporation | 15,133.98 | 2,161.51 |
| Federal Realty Investment Trust | 9,518.09 | 1,310.91 |
| Ah Realty Trust Inc | 444.22 | 213.90 |
| Regency Centers Corporation | 281.45 | 1,617.73 |
| SUBTOTAL | 78,129.50 | 11,813.83 |
Sources: The Necessity Retail Reit Inc's official press releases and regulatory filings; CSIMarket.com's market research; and the financial filings and press releases of the other companies cited.
Updated on:
Focus of this report: publicly traded companies. Ten additional tables on The Necessity Retail Reit Inc versus competitors, including market share analysis, are in the navigation menu under Competition. To download the tables, please subscribe.
The Necessity Retail Reit Inc's Business Segment Mix vs Peers
Revenue by operating segment or division, as named and reported by each company. Segment names are the filer's own and are not standardized across companies. Do not assume a same-named or similarly-named segment is defined identically between two companies. Shares are of each company's own total revenue and are not required to sum to 100% (intersegment revenue, unallocated items).| Company | Largest Segment |
|---|---|
| The Necessity Retail Reit Inc | Multi-Tenant Properties 61.46 % |
Source: operating segment revenue as reported in each company's SEC filings (10-K/10-Q), via the CSIMarket API, leaf-level reportable segments only (parent roll-up segments are excluded where sub-segments are separately disclosed).
The Necessity Retail Reit Inc's Productivity vs Peers Comparison
Revenue and income per employee, trailing 12 months, in $; market cap in millions of $| Company | Market Cap | Revenue / Employee | Income / Employee |
|---|---|---|---|
| The Necessity Retail Reit Inc | 1,018 | 10,108,000 | -3,079,711 |
| Realty Income Corporation | 51,734 | 11,130,390 | 2,409,482 |
| Kimco Realty Corporation | 15,134 | 3,275,012 | 946,445 |
| Federal Realty Investment Trust | 9,518 | 4,096,578 | 1,619,188 |
| Ah Realty Trust Inc | 444 | - | - |
| Regency Centers Corporation | 281 | 3,235,454 | 1,146,572 |
| PEERS TOTAL | 77,111 | 5,612,139 | 1,470,827 |
The Necessity Retail Reit Inc's Profitability & Cost Structure
Trailing 12-month margins from SEC-filed financials. Operating margin is compared to the Real Estate Investment Trusts industry median; gross margin, EBITDA margin and capital intensity are compared to the live industry average (194 companies).| Metric | Company | Industry | Difference |
|---|---|---|---|
| Gross Margin | 100.00 % | 71.22 % (avg) | +28.8 pp |
| Operating Margin | -0.39 % | industry median | -23.7 pp |
| EBITDA Margin | 35.12 % | 37.42 % (avg) | -2.3 pp |
| Capital Intensity (Capex / Revenue) | - | 23.97 % (avg) | - |
Source: CSIMarket API, trailing 12 months. SG&A and R&D as a share of revenue have limited coverage as this data is backfilled and appear only where reported. Higher capital intensity is not inherently negative; it reflects the industry's asset requirements.
The Necessity Retail Reit Inc's Valuation vs Competitive Position
Valuation multiples vs the Real Estate Investment Trusts industry average (194 companies, excluding loss-making/negative-equity outliers), alongside returns on capital for context on whether a premium or discount lines up with measurably stronger or weaker returns.| Metric | Company | Industry Average | Difference |
|---|---|---|---|
| P/E | - | 33.2x | - |
| EV / EBITDA | 15.9x | 17.6x | -1.8x |
| P/B | 0.5x | 2.0x | -1.5x |
| Return on Equity | -8.88 % | industry aggregate | -14.01 % |
| Return on Invested Capital | -0.03 % | 1.99 % (avg) | -2.02 % |
Source: CSIMarket API, trailing 12 months. A valuation premium or discount is not, by itself, a judgment of over- or under-valuation. Compare it against the return and growth context shown elsewhere on this page.
The Necessity Retail Reit Inc's Multi-Year Financial Trajectory
Fiscal-year revenue growth, operating margin, return on invested capital and P/E, as reported in SEC filings.| Metric | 2018 | 2019 | 2020 | 2021 | 2022 |
|---|---|---|---|---|---|
| Revenue Growth | - | - | 1.83 % | 9.81 % | 33.20 % |
| Operating Margin | -104.58 % | 26.20 % | 14.92 % | 13.56 % | 7.41 % |
| Return on Invested Capital | - | 1.56 % | 0.87 % | 0.84 % | 0.53 % |
| P/E | - | - | - | - | - |
Source: CSIMarket API, fiscal-year figures. P/E is this company's own historical ratio at each fiscal year end and can swing sharply around an earnings trough: that is real, not a data error.
The Necessity Retail Reit Inc's Strategic Group Map
Every company in The Necessity Retail Reit Inc's industry and named-competitor list, plotted by trailing 12-month revenue growth and operating margin. The Necessity Retail Reit Inc is shown in red; its closest peers by combined growth, margin and ROIC (the Similar Growth & Profitability group above) are labeled.
Source: CSIMarket API, trailing 12 months. Extreme outlier values (from near-zero-revenue companies) are excluded from the plotted cloud but never from the highlighted company or its labeled peers.
The Necessity Retail Reit Inc's Industry Attractiveness & Competitive Strength
A CSIMarket composite, not a standard field: each axis is an equal-weighted average of three factors already shown elsewhere on this page (industry growth, industry profitability and rivalry for attractiveness; relative market share, profitability and growth vs industry for strength). Disclosed as a designed methodology, not a precision measurement.
The Necessity Retail Reit Inc falls in the Medium attractiveness / High strength cell: Invest / Grow.
Source: CSIMarket API, trailing 12 months. Each axis score is a simple 1(low)/2(medium)/3(high) average across its three inputs -- a transparent, disclosed simplification, not a validated academic scoring model.
The Necessity Retail Reit Inc's SWOT
Every point below is a fixed rule applied to a metric already shown elsewhere on this page (Market Structure, Profitability, Valuation, Run-Rate, Stock Performance, Quality Breadth) not an independent strategic assessment. A blank quadrant means no rule was met, not that none apply.Strengths
No rule matched.
Weaknesses
- Operating margin 23.7 points below the industry median.
- Return on equity 14.0 points below the industry aggregate.
- Latest-quarter revenue run-rate is decelerating (-6.2% annualized vs trailing 12 months).
- Piotroski F-Score of 2 or below, the standard financial-distress signal.
Opportunities
No rule matched.
Threats
- Tracked peer group's revenue run-rate is broadly decelerating (-21.7% annualized).
Methodology: mechanical, rule-based SWOT. Each bullet reuses a figure already sourced and cited elsewhere on this page; nothing here is generated narrative or independent analyst judgment.
The Necessity Retail Reit Inc's Financial Strength vs Peers Comparison
Quick ratio, working capital, debt to equity and asset turnover, trailing 12 months| Company | Quick Ratio | Working Capital | Debt / Equity |
|---|---|---|---|
| The Necessity Retail Reit Inc | 1.07 | 2.11 | 0.97 |
| Realty Income Corporation | 0.30 | 1.20 | 0.06 |
| Kimco Realty Corporation | - | 1.62 | 0.11 |
| Federal Realty Investment Trust | 0.60 | 1.75 | 0.60 |
| Ah Realty Trust Inc | 0.97 | 13.97 | 1.58 |
| Regency Centers Corporation | - | 0.84 | 0.18 |
Quick ratio = cash / current liabilities; working capital ratio = current assets / current liabilities; asset turnover = revenue / total assets. Peers in the Blank Checks industry are excluded.
The Necessity Retail Reit Inc's Revenue and Income Growth vs Peers
Quarterly revenue and net income growth, year over year and quarter over quarter| Company | Period | Revenue Y/Y | Income Y/Y |
|---|---|---|---|
| The Necessity Retail Reit Inc | Q2 2023 | -8.7 % | - |
| Realty Income Corporation | Q2 2026 | +9.7 % | +86.2 % |
| Kimco Realty Corporation | Q1 2026 | +4.0 % | +23.7 % |
| Federal Realty Investment Trust | Q1 2026 | +10.3 % | +141.9 % |
| Ah Realty Trust Inc | Q2 2026 | +3.6 % | - |
| Regency Centers Corporation | Q2 2026 | +8.6 % | +10.5 % |
| PEERS TOTAL | +7.7 % | +61.2 % |
Growth is shown only where both periods are positive. Peers in the Blank Checks industry are excluded.
The Necessity Retail Reit Inc's Peers' Costs of Sales and Capital Expenditures
Context for revenue growth: peer costs and capex, year over year and quarter over quarter| Company | Period | Costs Y/Y | Capex Y/Y |
|---|---|---|---|
| The Necessity Retail Reit Inc | Q2 2023 | - | - |
| Realty Income Corporation | Q2 2026 | +10.3 % | +85.4 % |
| Kimco Realty Corporation | Q1 2026 | - | - |
| Federal Realty Investment Trust | Q1 2026 | - | -45.4 % |
| Ah Realty Trust Inc | Q2 2026 | +11.8 % | - |
| Regency Centers Corporation | Q2 2026 | - | +3.5 % |
The Necessity Retail Reit Inc's Returns and Turnover vs Peers
ROA, ROI and ROE (trailing 12 months), receivables and inventory turnover| Company | ROA | ROI | ROE |
|---|---|---|---|
| The Necessity Retail Reit Inc | - | - | - |
| Realty Income Corporation | 1.78% | 1.77% | 3.23% |
| Kimco Realty Corporation | 3.16% | 2.03% | 5.89% |
| Federal Realty Investment Trust | 5.80% | 3.83% | 15.58% |
| Ah Realty Trust Inc | - | - | - |
| Regency Centers Corporation | 4.39% | 3.11% | 8.03% |
ROA = net income / total assets; ROI = net income / investments; ROE = net income / equity; turnover ratios use trailing 12 month revenue (receivables) and cost of sales (inventory).
The Necessity Retail Reit Inc's Valuation vs Peers
P/E, price to sales, PEG, price to cash flow and price to book| Company | P/E | Price / Sales |
|---|---|---|
| The Necessity Retail Reit Inc | - | 2.24 |
| Realty Income Corporation | 40.11 | 8.54 |
| Kimco Realty Corporation | 25.86 | 7.00 |
| Federal Realty Investment Trust | 19.07 | 7.26 |
| Ah Realty Trust Inc | - | 2.08 |
| Regency Centers Corporation | 26.86 | 0.17 |
| PEERS AVERAGE | 27.53 | 6.61 |
P/E = price / diluted EPS (trailing 12 months); PEG = P/E divided by EPS growth; the average row divides the peers' combined market cap by their combined income, sales, cash flow and equity.