| Market Capitalization (Millions $) |
- |
| Shares
Outstanding (Millions) |
134 |
| Employees |
45 |
| Revenues (TTM) (Millions $) |
455 |
| Net Income (TTM) (Millions $) |
-139 |
| Cash Flow (TTM) (Millions $) |
144 |
| Capital Exp. (TTM) (Millions $) |
12 |
Business Description
The Necessity Retail REIT, Inc. is a real estate investment trust (REIT) focused on owning and operating a portfolio of necessity-based retail properties. The company was founded in 2013 and is headquartered in Toronto, Canada. The REIT is publicly traded on the Toronto Stock Exchange under the ticker symbol NRR.UN.
The Necessity Retail REIT, Inc. invests in a diversified range of retail properties that provide essential products and services to local communities. These include grocery stores, pharmacies, convenience stores, and other retail properties that are considered necessities. The company's portfolio spans across Canada and the United States, with over 60 properties and approximately5 million square feet of leasable space.
One of the primary advantages of investing in The Necessity Retail REIT, Inc. is the stability and reliability of its rental income. The REIT has a long-term lease structure with tenants, which typically includes provisions for annual rent increases based on inflation. This helps to provide a consistent and predictable source of income for investors.
The Necessity Retail REIT, Inc. is also committed to responsible and sustainable real estate practices. The company focuses on properties that are environmentally sustainable and energy-efficient, and actively works to reduce its carbon footprint. Additionally, the REIT has a strong focus on community engagement and believes in supporting local initiatives and organizations.
Overall, The Necessity Retail REIT, Inc. is a stable and reliable investment option for those looking for exposure to the retail real estate market. With a focus on necessity-based properties, a diversified portfolio, and a commitment to sustainability and community engagement, the REIT offers a unique value proposition for investors.
Company Address: 650 Fifth Ave. New York 10019 NY
Company Phone Number: 415-6500 Stock Exchange / Ticker: NASDAQ RTL
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