NECESSITY RETAIL REIT, INC. Financial Statements (2026 and earlier)

Company Profile

Business Address 650 FIFTH AVE
NEW YORK, NY 10019
State of Incorp. MD
Fiscal Year End December 31
Industry (SIC) 6798 - Real Estate Investment Trusts (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)
Annual | Quarterly

6/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments70,795214,853102,86081,89891,451107,700
Cash and cash equivalent70,795214,853102,86081,89891,451107,700
Receivables   1,939503  
Total current assets:70,795214,853104,79982,40191,451107,700
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization5,700   ✕✕
Operating lease, right-of-use asset17,83918,19418,54618,959✕✕
Property, plant, and equipment, after accumulated depreciation, depletion, and amortization996,293729,048723,316685,889629,190607,675
Intangible asset, including goodwill, after accumulated amortization 419,899235,905269,105288,549272,152304,395
Goodwill     1,6051,605
Intangible asset, excluding goodwill, after accumulated amortization 419,899235,905269,105288,549270,547302,790
Total noncurrent assets:1,439,731983,1471,010,967993,397901,342912,070
Other undisclosed assets3,075,5282,616,2102,492,2012,414,3902,269,7542,276,880
TOTAL ASSETS:4,586,0543,814,2103,607,9673,490,1883,262,5473,296,650
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Due to related parties 1,8381,0162731,1532,6343,169
Total current liabilities: 1,8381,0162731,1532,6343,169
Noncurrent Liabilities
Liabilities, other than long-term debt133,87678,07378,67484,04189,938108,772
Off-market lease, unfavorable133,87678,07378,67484,04189,938108,772
Total noncurrent liabilities:133,87678,07378,67484,04189,938108,772
Other undisclosed liabilities2,862,8672,024,8431,829,4211,702,7641,560,2401,443,653
Total liabilities:2,998,5812,103,9321,908,3681,787,9581,652,8121,555,594
Equity
Equity, attributable to parent, including:1,564,8361,699,8541,669,0771,683,3311,601,4001,736,510
Preferred stock    69  
Common stock1,3421,2381,0881,0851,0631,052
Additional paid in capital2,999,1632,915,9262,723,6782,615,0892,412,9152,393,237
Accumulated other comprehensive income (loss)   (123) (531)95
Accumulated deficit(1,435,794)(1,217,435)(1,055,680)(932,912)(812,047)(657,874)
Other undisclosed equity, attributable to parent125125114   
Equity, attributable to noncontrolling interest22,63710,42430,52218,8998,3354,546
Total equity:1,587,4731,710,2781,699,5991,702,2301,609,7351,741,056
TOTAL LIABILITIES AND EQUITY:4,586,0543,814,2103,607,9673,490,1883,262,5473,296,650

Income Statement (P&L) ($ in thousands)
Annual | Quarterly

6/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues446,438335,156305,224299,744291,207270,910
Revenue, net✕✕✕✕✕✕269,824
Operating leases, income statement, lease revenue✕✕✕✕✕256,157✕
Cost of revenue
(Cost of Product and Service Sold)		      (42,594)
Gross profit:446,438335,156305,224299,744291,207228,316
Operating expenses(474,722)(294,458)(266,134)(244,904)(294,528)(272,548)
Other undisclosed operating income61,3684,7576,45623,69031,77642,594
Operating income (loss):33,08445,45545,54678,53028,455(1,638)
Nonoperating expense(115,687)(85,643)(77,452)(74,367)(65,926)(44,939)
Interest and debt expense(118,925)(81,784)(78,467)(77,994)(66,789)(60,305)
Loss from continuing operations:(201,528)(121,972)(110,373)(73,831)(104,260)(106,882)
Loss before gain (loss) on sale of properties:✕(121,972)(110,373)(73,831)(104,260)(106,882)
Other undisclosed net income118,92581,78478,46777,99466,78960,305
Net income (loss):(82,603)(40,188)(31,906)4,163(37,471)(46,577)
Net income (loss) attributable to noncontrolling interest97944(16)6283
Net income (loss) attributable to parent:(82,506)(40,179)(31,862)4,147(37,409)(46,494)
Preferred stock dividends and other adjustments(23,348)(23,262)(14,788)(7,248)  
Net loss available to common stockholders, basic:(105,854)(63,441)(46,650)(3,101)(37,409)(46,494)
Dilutive securities, effect on basic earnings per share(1,292)(1,037)    
Net loss available to common stockholders, diluted:(107,146)(64,478)(46,650)(3,101)(37,409)(46,494)

Comprehensive Income ($ in thousands)
Annual | Quarterly

6/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income (loss):(82,603)(40,188)(31,906)4,163(37,471)(46,577)
Other comprehensive income (loss)  123  (626)95
Comprehensive income (loss):(82,603)(40,065)(31,906)4,163(38,097)(46,482)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest97944(16)6283
Other undisclosed comprehensive loss, net of tax, attributable to parent(23,348)(23,262)(14,911)(6,717)  
Comprehensive loss, net of tax, attributable to parent:(105,854)(63,318)(46,773)(2,570)(38,035)(46,399)

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

Login to ReadyRatios

 

Have you forgotten your password?

Are you a new user?

Login As
You can log in if you are registered at one of these services: