Necessity Retail REIT, Inc.
Real Estate · Real Estate Investment Trusts · MD · SEC filings ↗ · Compare ⊕
Financials
SEC XBRL · annual| FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | |
|---|---|---|---|---|---|---|
| Revenue | $94.9M | $335.2M | $305.2M | $299.7M | $291.2M | $270.9M |
| Operating income | $67.3M | $45.5M | $45.5M | $78.5M | $28.5M | $13.5M |
| Net income | −$82.6M | −$40.2M | −$9.2M | −$3.2M | $15.4M | −$46.5M |
| Total assets | $4.59B | $3.81B | $3.61B | $3.49B | $3.26B | $3.30B |
| Total liabilities | $3.00B | $2.10B | $1.91B | $1.79B | $1.65B | $1.56B |
| Equity | $1.56B | $1.70B | $1.67B | $1.68B | $1.60B | $1.74B |
| EPS (diluted) | $0.31 | $-0.56 | $-0.44 | $-0.04 | — | — |
| Shares out. | 129.8M | 108.8M | 108.5M | 106.1M | 105.1M | 104.3M |
Reported figures from the company's SEC filings (XBRL). Blank where a line item isn't cleanly tagged — never estimated.
Key ratios
from filings · FY2022- Operating margin
- 70.9%
- Net margin
- −87.0%
- Return on equity
- −5.3%
- Return on assets
- −1.8%
- Return on capital (ROCE)
- —
- Liabilities / assets
- 65.4%
- Debt / equity
- 1.92×
- Book value / share
- $12.05
- Revenue growth (YoY)
- −71.7%
- Net income growth (YoY)
- —
Computed from the company's own SEC figures — no market price, so these are facts, not a valuation. Book value per share is reported equity ÷ shares; it is not the stock price.
Financial health
forensic scores · FY2022- Accruals / assets
- −5.2%clean
- Piotroski F-Score
- 3/8weak
Altman Z″is a textbook bankruptcy-distress score from book values only (>2.6 safe · 1.1–2.6 grey · <1.1 distress). Accruals = (net income − operating cash flow) ÷ assets; persistently high accruals are an earnings-quality red flag. Beneish M-Scoreis an eight-ratio screen comparing this year with last (M > −1.78 = elevated manipulation-risk screen, not proof). Piotroski F-Scorecounts how many of nine fundamental-health checks pass (shown as passed / applicable; we use operating margin and total liabilities as documented proxies where the exact input isn't XBRL-tagged). Computed from SEC filings — descriptive factors, not advice or a forecast.
Quality score
EDS ScoreOur own multi-factor score from free SEC data — profitability, growth, financial strength, earnings quality, and event/ownership catalysts. No market price and no licensed model: each axis is the share of source-backed checks it passes. Descriptive factors, not advice or a forecast.
Signs
● 1 severe● 2 warning● 3 good- Filed a late-filing notice (Form NT) — missed an SEC deadline
- Reported a net loss
- Revenue declined year-over-year
- Operating margin is positive
- Positive operating cash flow
- Clean earnings (low accruals)
Derived from the company's own SEC figures (fundamentals, forensic scores, filing discipline) — descriptive factors, not advice or a forecast.
Risk flags
late SEC filings- NT 10-Qmissed a reporting deadline ↗May 18, 2015
- NT 10-Kmissed a reporting deadline ↗Apr 1, 2015
A Form NT means the company notified the SEC it would file a periodic report late — often an accounting, audit or liquidity warning sign. Also search SEC enforcement actions for this company.
Insider transactions
SEC Form 4 · most recent| Insider | Date | Type | Shares | Price |
|---|---|---|---|---|
| Doyle Jason F.Officer — CFO, Secretary and President | May 3, 2023 | Tax withholding | 722 | $5.33 |
Headline trade per Form 4 (officers, directors, 10%+ owners). Buy/sell read from the filing's structured data — blank where a field isn't cleanly tagged.
Material events
SEC Form 8-K · most recent- Terminated a material agreement · Completed an acquisition or disposition · Delisting / listing-standard notice · Modified shareholder rights · Change in control · Director / officer change · Amended charter or bylaws · Regulation FD disclosure · Other material eventSep 12, 2023
- Shareholder voteSep 8, 2023
- Other material eventSep 7, 2023
- Entered a material agreement · New financial obligationSep 5, 2023
- Regulation FD disclosureAug 31, 2023
- Other material eventAug 9, 2023
- Regulation FD disclosureAug 3, 2023
- Regulation FD disclosureAug 2, 2023
Events the company reported on Form 8-K, labelled by the SEC item code it filed under — its own classification, not our interpretation.
Recent SEC filings
All filings ↗- 15-12GSep 22, 2023
- 4OWNERSHIP DOCUMENTSep 13, 2023
- 4OWNERSHIP DOCUMENTSep 13, 2023
- 4OWNERSHIP DOCUMENTSep 13, 2023
- 4OWNERSHIP DOCUMENTSep 13, 2023
- 4OWNERSHIP DOCUMENTSep 13, 2023
- 4OWNERSHIP DOCUMENTSep 13, 2023
- S-3DPOSSep 12, 2023
- S-8 POSSep 12, 2023
- 8-A12B/AFORM 8-A12B/ASep 12, 2023
- POSASRSep 12, 2023
- POSASRSep 12, 2023
- 8-KFORM 8-KSep 12, 2023
- 25-NSESep 12, 2023
- 425Sep 8, 2023
Event-driven situations (2)
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