Necessity Retail REIT Inc, founded in 2015 and headquartered in New York City, focuses on acquiring and managing a diversified portfolio of necessity-based retail properties across the United States. The company primarily invests in retail properties that serve essential community needs, ensuring stable income for its shareholders.
| Bond Name | Country | Maturity | Coupon(%) | |
|---|---|---|---|---|
| AFIN 4.50% 2028-09-30 USDNecessity Retail REIT Inc (The) | United States | 2028-09-30 | 4.500 | 5.32 |
| AFIN 4.50% 2028-09-30 USDNecessity Retail REIT Inc (The) | United States | 2028-09-30 | 4.500 | 4.72 |
Company overview and issue history are AI generated, and should not be cited or relied on without verification.
Necessity Retail REIT began issuing bonds in 2019, with a notable issuance in November 2020 that raised $300 million to support its acquisition strategies. Currently, the company features a bond yield that compares favorably to the industry average, reflecting its strategic focus on necessity-driven retail assets. In July 2022, they introduced a convertible bond offering that attracted significant investor interest due to its attractive yield and potential capital appreciation, further strengthening their balance sheet amidst evolving retail market dynamics.