The Necessity Retail REIT CEO Michael Weil Discusses the Retail Renaissance with GlobeSt
PRNewswire 12-May-2022 4:15 PM
NEW YORK, May 12, 2022 /PRNewswire/ -- The Necessity Retail REIT, Inc. (NASDAQ:RTL) ("RTL") announced today that Michael Weil, its CEO, was featured in a GlobeSt article focused on the current state of the retail real estate market and how RTL's portfolio is poised to capitalize on the omnichannel approach retailers have embraced.
"You can't ignore the long-term value of omnichannel, and bricks and mortar [retail] continues to become an important aspect of that strategy," Weil said. "A retail renaissance, that's what we've been talking about. I think we're living in it right now."
A link to the GlobeSt article, What's Behind Retail's Bricks-and-Mortar Renaissance is provided below: https://www.globest.com/2022/05/10/whats-behind-retails-bricks-and-mortar-renaissance/
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.
