RTL · Necessity Retail REIT, Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|
| Revenue | $446.44M | $335.16M | $305.22M | $299.74M | $291.21M | $270.91M |
| Cost of Revenue | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - |
| R&D | - | - | - | - | - | - |
| SG&A | $32.37M | $20.86M | $19.68M | $20.38M | $25.13M | $20.61M |
| Total Operating Expenses | $474.72M | $294.46M | $266.13M | $244.90M | $294.53M | $272.55M |
| D&A | $195.85M | $130.46M | $137.46M | $124.71M | $139.91M | $154.03M |
| Operating Income | $33.08M | $45.45M | $45.55M | $78.53M | $28.45M | ($1.64M) |
| Interest Expense | $118.92M | $81.78M | $78.47M | $77.99M | $66.79M | $60.30M |
| Income Tax | - | - | - | - | - | - |
| Net Income | ($105.85M) | ($63.44M) | ($46.65M) | ($3.10M) | ($37.41M) | ($46.49M) |
| EPS - Basic | ($0.81) | ($0.44) | - | - | - | - |
| EPS - Diluted | ($0.81) | ($0.44) | - | - | - | - |
Balance Sheet
| Line item | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $70.80M | $214.85M | $102.86M | $81.90M | $91.45M | $107.70M |
| Accounts Receivable | - | - | - | - | - | - |
| Inventory | - | - | - | - | - | - |
| Accounts Payable | - | - | - | - | - | - |
| Current Assets | - | - | - | - | - | - |
| Total Assets | $4.59B | $3.81B | $3.61B | $3.49B | $3.26B | $3.30B |
| Current Liabilities | - | - | - | - | - | - |
| Long-term Debt | - | - | - | - | - | - |
| Total Liabilities | $3.00B | $2.10B | $1.91B | $1.79B | $1.65B | $1.56B |
| Stockholders' Equity | $1.56B | $1.70B | $1.67B | $1.68B | $1.60B | $1.74B |
| Retained Earnings | ($1.44B) | ($1.22B) | ($1.06B) | ($932.91M) | ($812.05M) | ($657.87M) |
Cash Flow
| Line item | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | $154.85M | $145.23M | $92.72M | $105.57M | $95.04M | $92.46M |
| Investing Cash Flow | ($680.00M) | ($220.72M) | ($222.96M) | ($404.83M) | ($188.22M) | ($19.16M) |
| Financing Cash Flow | $377.06M | $198.95M | $143.80M | $289.46M | $75.56M | ($85.16M) |
| CapEx | $26.16M | $10.75M | - | - | - | - |
| Free Cash Flow | $128.69M | $134.47M | - | - | - | - |
Ratios
| Metric | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | - | - | - | - | - | - |
| Operating margin | 7.4% | 13.6% | 14.9% | 26.2% | 9.8% | -0.6% |
| EBITDA margin | 51.3% | 52.5% | 60.0% | 67.8% | 57.8% | 56.3% |
| Net margin | -23.7% | -18.9% | -15.3% | -1.0% | -12.8% | -17.2% |
| Free cash flow margin | 28.8% | 40.1% | - | - | - | - |
| FCF / Net income | -1.22 | -2.12 | - | - | - | - |
| R&D / Revenue | - | - | - | - | - | - |
| SG&A / Revenue | 7.2% | 6.2% | 6.4% | 6.8% | 8.6% | 7.6% |
| Effective tax rate | - | - | - | - | - | - |
| Return on assets | -2.3% | -1.7% | -1.3% | -0.1% | -1.1% | -1.4% |
| Return on equity | -6.8% | -3.7% | -2.8% | -0.2% | -2.3% | -2.7% |
| Return on invested capital | - | - | - | - | - | - |
| Liquidity | ||||||
| Current ratio | - | - | - | - | - | - |
| Quick ratio | - | - | - | - | - | - |
| Cash ratio | - | - | - | - | - | - |
| Leverage | ||||||
| Debt / Equity | - | - | - | - | - | - |
| Debt / Assets | - | - | - | - | - | - |
| Debt / EBITDA | - | - | - | - | - | - |
| Interest coverage | 0.3x | 0.6x | 0.6x | 1.0x | 0.4x | -0.0x |
| Equity multiplier | 2.93 | 2.24 | 2.16 | 2.07 | 2.04 | 1.90 |
| Liabilities / Assets | 0.65 | 0.55 | 0.53 | 0.51 | 0.51 | 0.47 |
| Efficiency | ||||||
| Asset turnover | 0.10 | 0.09 | 0.08 | 0.09 | 0.09 | 0.08 |
| Inventory turnover | - | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - | - |
| Days inventory outstanding | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - |
| Valuation | ||||||
| P / E | - | - | - | - | - | - |
| P / B | - | - | - | - | - | - |
| P / S | - | - | - | - | - | - |
| EV / EBITDA | - | - | - | - | - | - |
| Growth | ||||||
| Revenue growth (YoY) | 33.2% | 9.8% | 1.8% | 2.9% | 7.5% | 52.5% |
| Revenue CAGR (3y) | 14.2% | 4.8% | 4.1% | 19.0% | 18.6% | 19.6% |
| Revenue CAGR (5y) | 10.5% | 13.5% | 11.8% | 13.6% | 64.3% | - |
| Gross profit growth (YoY) | - | - | - | - | - | - |
| Operating income growth (YoY) | -27.2% | -0.2% | -42.0% | 176.0% | - | -164.6% |
| Net income growth (YoY) | -66.9% | -36.0% | -1404.4% | 91.7% | 19.5% | 14.3% |
| EPS growth (YoY) | -84.1% | - | - | - | - | - |
| EPS CAGR (3y) | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - |
| FCF growth (YoY) | -4.3% | - | - | - | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - |
| Book value growth (YoY) | -7.9% | 1.8% | -0.8% | 5.1% | -7.8% | 76.3% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2021-12-31.
Business segments
$335.16M totalSingle Tenant Properties$218.94M · 65.3%
Multi Tenant Properties$116.21M · 34.7%
Stability scores
Piotroski F-score
FY 2022 · 9-point quality
3/9
Weak
- ✗Net income positive
- ✓Operating cash flow positive
- ✗ROA improved YoY
- ✓Cash flow > net income
- -Long-term debt decreased
- -Current ratio improved
- ✗No share dilution
- -Gross margin improved
- ✓Asset turnover improved
Peer comparison
Same SIC group: Real Estate Investment Trusts
Comparing Necessity Retail REIT against the 5 most active filers in the same SIC group.