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The Necessity Retail Reit Inc   (RTL)
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The Necessity Retail Reit Inc

RTL's Financial Statements and Analysis



The Necessity Retail Reit Inc narrowed second quarter of 2023 net loss per share of $-0.40 compare to net loss per share of $-0.43 recorded in the same quarter a year ago a decrease compare to $-0.14 realized in previous quarter.


second quarter of 2023
Earnings Per Share Revenues
$ -0.4 $  107 Mill
$+0.03     $-10M     -8.75 %



The Necessity Retail Reit Inc 's Revenue fell by -8.75 % in second quarter of 2023 (Jun 30 2023) year on year, to $107 million and declined by -6.07 % sequentially.


The Necessity Retail Reit Inc is

More on RTL's Income Statement



The Necessity Retail Reit Inc 's in thesecond quarter of 2023 recorded net loss of $-47.692 million, an improvement compare to net loss of $-50.480 million in II. Quarter a year ago.

Sequentially net loss advanced

More on RTL's Growth

The Necessity Retail Reit Inc Inventories
RTL's Cash flow In the second quarter of 2023 company's net cash flow was $20 million


The Necessity Retail Reit Inc payed out dividend of $0.43 per share in last 52 weeks

In trailing twelve-month period The Necessity Retail Reit Inc earned $ 0.70 cash per share, on a free-cash flow basis .

Book value fell by -5.18 % sequentially to $10.94 per share, -48.99% of net loss per share in trailing twelve-month period were subtructed from shareholder value.
Tangible Book value fell to $ 10.94 per share from $ 11.54.

Company issued 0.08 million shares or 0.06 % in Jun 30 2023.


More on RTL's Dividends

 Market Capitalization (Millions) 1,018
 Shares Outstanding (Millions) 134
 Total Debt (Millions $) 1,554
 Revenue (TTM) (Millions $) 455
 Net Income (TTM) (Millions $) -139
 Cash Flow (TTM) (Millions $) 144
 Capital Exp. (TTM) (Millions $) -12
 Dividend TTM ($) 0.43 $
 Dividend Yield TTM (%) 11.17 %
 Employees (TTM) $ 58




The Necessity Retail Reit Inc payed out dividend of $0.43 per share in the last 52 weeks

In trailing twelve-month period The Necessity Retail Reit Inc had $ 0.70 cash flow per share, on a free-cash flow basis .

Book value fell by -5.18 % sequentially to $10.94 per share, -48.99% of net loss per share in trailing twelve-month period were subtructed from shareholder value.
Tangible Book value fell to $ 10.94 per share from $ 11.54.

Company issued 0.08 million shares or 0.06 % in Jun 30 2023.


More on RTL's Balance Sheets

 Market Capitalization (Millions) 1,018
 Shares Outstanding (Millions) 134
 Total Debt (Millions $) 1,554
 Revenue (TTM) (Millions $) 455
 Net Income (TTM) (Millions $) -139
 Cash Flow (TTM) (Millions $) 144
 Capital Exp. (TTM) (Millions $) -12
 Dividend TTM ($) 0.43 $
 Dividend Yield TTM (%) 11.17 %
 Employees (TTM) $ 58
   


  News about The Necessity Retail Reit Inc Earnings

Necessity Retail REIT Inc Reports Financial Struggles Amid Challenging Real Estate Environment in Q2 2023


Introduction
During the past week, The Necessity Retail Reit Inc experienced a drop of -3.45% in its shares, resulting in a year-to-date performance of 17.65%. Additionally, the company's shares are currently trading on the NASDAQ approximately 7.3% above its 52-week average. However, recent financial results indicate significant challenges for the company as lower orders contributed to fading revenue and higher losses.
Decreasing Revenue and Higher Losses
In the financial period spanning April to June 2023, The Necessity Retail Reit Inc suffered a loss of $-0.40 per share, a notable decline compared to the previous year. Concurrently, the company's revenue plummeted by -8.748% to $106.70 mi...

The Necessity Retail Reit Inc. Struggles to Achieve Profitability Despite Strong Revenue Growth

The stock market can be a rollercoaster ride for investors, but with the recent fiscal results from The Necessity Retail Reit Inc, there's a lot to be optimistic about. Despite a loss of $-0.14 per share compared to $0.31 a year prior, the company saw a significant increase in revenue of 19.644%, bringing their total revenue to $113.59 million from $94.94 million the year before. While sequential revenue decreased by -4.051 % from $118.39 million, this is still a desirable improvement.
The Necessity Retail Reit Inc also logged a net deficit of $-12.937 million instead of the net earnings of $45.835 million in the corresponding reporting period a year before. Despite this, the company has a plan in place ...


Date modified: 2023-08-04T19:17:26+00:00





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