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RTL - Necessity Retail REIT FFO of $0.23 misses by $0.01 revenue of $94.9M beats by $2.76M
The Necessity Retail REIT
Necessity Retail REIT press release (NASDAQ:RTL): Q1 FFO of $0.23 misses by $0.01. Revenue of $94.9M (+19.8% Y/Y) beats by $2.76M. Cash net operating income rose 16.7% to $73.6M. Acquired 59 properties for $842M at a cash capitalization rate of 7.3% and a weighted average capitalization rat 8.6%. Disposed of six properties for $265.2M.