Name | Value |
---|---|
Revenues | 106.7M |
Cost of Revenue | 25.1M |
Gross Profit | 81.6M |
Operating Expense | 94.5M |
Operating I/L | -12.3M |
Other Income/Expense | 1.1M |
Interest Income | 0.0M |
Pretax | -47.7M |
Income Tax Expense | 36.5M |
Net Income/Loss | -47.6M |
Necessity Retail REIT (Nasdaq: RTL) is a publicly traded real estate investment trust focused on acquiring and managing a diversified portfolio of primarily service-oriented and traditional retail and distribution related commercial real estate properties in the U.S. The company generates revenue through the ownership and leasing of these properties, providing a steady income stream from rental payments and property appreciation. RTL's strategic focus on necessity-based retail properties positions it to benefit from stable consumer demand, making it an attractive investment for those seeking consistent returns in the real estate sector.