Necessity Retail REIT, Inc. (AFIN) [Rocket]

Overview

Necessity Retail REIT, Inc. (AFIN)

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Recent News + Filings (All items)

Date Filed	Type	Description
08/23/2023	425	Form 425 - Prospectuses and communications, business combinations:
08/23/2023	425	Form 425 - Prospectuses and communications, business combinations:
08/14/2023	425	Form 425 - Prospectuses and communications, business combinations:
08/14/2023	425	Form 425 - Prospectuses and communications, business combinations:
08/09/2023	DEFA14A	Form DEFA14A - Additional definitive proxy soliciting materials and Rule 14(a)(12) material:
08/09/2023	425	Form 425 - Prospectuses and communications, business combinations:
08/09/2023	8-K	Other Events, Financial Statements and Exhibits  Interactive Data

Revenue Mix by Segment

Financial Summary (All financials)

In millions, except per share items	Dec-31-22	Dec-31-21	Dec-31-20	Dec-31-19	Dec-31-18	Dec-31-17	Dec-31-16	Dec-31-15
Revenues	446.4	335.2	305.2	299.7	291.2	270.9	177.7	174.5
Revenue growth	33.2%	9.8%	1.8%	2.9%	7.5%	52.5%	1.8%	10.2%
Cost of goods sold	-61.4	-4.8	-6.5	-23.7	-31.8	42.6	13.6	13.3
Gross profit	507.8	339.9	311.7	323.4	323.0	228.3	164.1	161.2
Gross margin	113.7%	101.4%	102.1%	107.9%	110.9%	84.3%	92.3%	92.4%
General and administrative	32.4	20.9	19.7	20.4	22.7	19.7	11.2	11.3
EBITA	216.3	120.7	108.7	133.3	113.4	117.2	68.4	64.5
EBITA margin	48.4%	36.0%	35.6%	44.5%	39.0%	43.2%	38.5%	37.0%
Amortization of intangibles	84.4	37.6	46.5	44.8	54.4	68.5	34.2	34.6
EBIT	131.9	83.1	62.2	88.5	59.0	48.7	34.2	29.9
EBIT margin	29.5%	24.8%	20.4%	29.5%	20.3%	18.0%	19.2%	17.1%
Pre-tax income	-82.6	-40.2	-31.9	4.2	-37.5	-46.6	-54.3	-21.1
Income taxes	0.0	0.0	0.0	0.0	0.0	-0.1	0.0	0.0
Tax rate	0.0%	0.0%	0.0%	0.0%	0.0%	0.2%	0.0%	0.0%
Net income	-105.9	-63.4	-46.7	-3.1	-37.4	-46.5	-54.3	-21.1
Net margin	-23.7%	-18.9%	-15.3%	-1.0%	-12.8%	-17.2%	-30.5%	-12.1%

Diluted EPS	($0.80)	($0.55)	($0.43)	($0.03)	($0.35)	($0.47)	($0.83)	($0.32)
Shares outstanding (diluted)	132.0	115.4	108.4	106.4	105.6	99.6	65.5	66.0

EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.