Necessity Retail REIT (NASDAQ:RTL) Third Quarter 2022 Results
Key Financial Results
- Revenue: US$116.2m (up 26% from 3Q 2021).
- Funds from operations (FFO): US$29.4m (down 3.1% from 3Q 2021).
- FFO margin: 25% (down from 33% in 3Q 2021).
- FFO per share: US$0.2 (down from US$0.27 in 3Q 2021).
NasdaqGS:RTL Earnings and Revenue Growth November 5th 2022
All figures shown in the chart above are for the trailing 12 month (TTM) period
Necessity Retail REIT Earnings Insights
Looking ahead, revenue is forecast to grow 7.1% p.a. on average during the next 3 years, compared to a 7.2% growth forecast for the REITs industry in the US.
Performance of the American REITs industry.
The company’s shares are down 2.9% from a week ago.
You should learn about the 3 warning signs we’ve spotted with Necessity Retail REIT.
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