NEW
YORK, May 10, 2022 /PRNewswire/ -- The Necessity
Retail REIT, Inc. (Nasdaq: RTL/ RTLPP / RTLPO) ("RTL") announced
today that Michael Weil, its CEO,
was featured in a Shopping Center Business article focused on the
shopping habits of today's consumer and how the company is position
to meet those needs.
Mr. Weil is quoted as saying, "We've seen necessity retail come
through the pandemic in a really strong position. We've found there
are communities around the country that are dependent on necessity
retail, whether free-standing, grocery-anchored or power center,
that's where America is."
"One of our biggest jobs was to build a portfolio that was
recession-resistant," he notes. "We were always focused on credit
underwriting and the business strategies of tenants, which are, of
course, important. I never thought I'd be tested by a pandemic.
However, we've seen how the company and tenants have performed. The
lack of bankruptcies. Nearly 100 percent rent collection. This
portfolio has been pandemic tested, and it has come through it
tremendously."
Links to the Shopping Center Business article, America's
Shopping Patterns Turn Suburban and Retail Insight Newsletter are
provided below:
https://shoppingcenterbusiness.com/americas-shopping-patterns-turn-suburban/
https://viewstripo.email/6c87f6d6-740a-491d-a9ec-25831006fe361652132417774
About The Necessity Retail REIT Where America
Shops
The Necessity Retail REIT (Nasdaq: RTL) is the preeminent publicly
traded real estate investment trust (REIT) focused "Where America
Shops". RTL acquires and manages a diversified portfolio of
primarily necessity-based retail single tenant and open-air
shopping center properties in the U.S. Additional information about
RTL can be found on its website
at www.necessityretailreit.com.
Important Notice
The statements in this press release that are not historical
facts may be forward-looking statements. These forward-looking
statements involve risks and uncertainties that could cause actual
results or events to be materially different. The words
"anticipates," "believes," "expects," "estimates," "projects,"
"plans," "intends," "may," "will," "seek," "would" and similar
expressions are intended to identify forward-looking statements,
although not all forward-looking statements contain these
identifying words. These forward-looking statements are subject to
risks, uncertainties and other factors, many of which are outside
of the Company's control, which could cause actual results to
differ materially from the results contemplated by the
forward-looking statements. These risks and uncertainties include
the potential adverse effects of the ongoing global COVID-19
pandemic, including actions taken to contain or treat COVID-19, on
the Company, the Company's tenants, any assets under contract to be
acquired including their respective tenants and uncertainty and
volatility in the global economy and financial markets from, among
other things, COVID-19 and the ongoing war in Ukraine, all of which may adversely affect
market conditions and capital availability as well as those risks
and uncertainties set forth in the Risk Factors section of the
Company's Annual Report on Form 10-K for the year ended
December 31, 2021 filed on
February 24, 2022 and all other
filings with the SEC after that date as such risks, uncertainties
and other important factors may be updated from time to time in the
Company's subsequent reports Forward looking statements speak only
as of the date they are made, and the Company undertakes no
obligation to update or revise any forward-looking statement to
reflect changed assumptions, the occurrence of unanticipated events
or changes to future operating results, unless required to do so by
law.
Contacts:
Investor Relations
ir@rtlreit.com
(866) 902-0063
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SOURCE The Necessity Retail REIT, Inc.