Name | Value |
---|---|
Revenues | 116.2M |
Cost of Revenue | 28.1M |
Gross Profit | 88.1M |
Operating Expense | 77.8M |
Operating I/L | 10.4M |
Other Income/Expense | -61.0M |
Interest Income | 0.0M |
Pretax | -50.7M |
Income Tax Expense | 28.6M |
Net Income/Loss | -79.3M |
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.