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Pomerantz Investigates Claims of Securities Fraud in Necessity Retail REIT Merger.
ByAinvest
Tuesday, Sep 2, 2025 10:03 am ET1min read
Pomerantz LLP is investigating claims of securities fraud against Necessity Retail REIT, Inc. and its officers/directors related to Global Net Lease's acquisition of Necessity Retail in 2023. The investigation concerns the company's projections for Adjusted Funds From Operations (AFFO) between 2024 and 2028. Investors who received Global Net Lease shares in the merger are advised to contact Danielle Peyton at newaction@pomlaw.com or 646-581-9980, ext. 7980.
Pomerantz LLP, a prominent law firm known for its expertise in corporate, securities, and antitrust class litigation, has initiated an investigation into claims of securities fraud against Necessity Retail REIT, Inc. (NASDAQ: RTL) and its officers/directors. The investigation stems from Global Net Lease, Inc.'s acquisition of Necessity Retail on September 12, 2023 [1].The probe focuses on whether Necessity Retail and its executives engaged in fraudulent activities or other unlawful practices during the merger. Investors who received shares of Global Net Lease in exchange for their Necessity Retail holdings are encouraged to contact Danielle Peyton at newaction@pomlaw.com or 646-581-9980, ext. 7980 to join the class action [2].
The investigation centers on the company's projections for Adjusted Funds From Operations (AFFO) between 2024 and 2028. AFFO is a key metric used by Real Estate Investment Trusts (REITs) to assess their ability to generate cash for shareholder distributions. The offering materials for the merger presented AFFO projections for the combined company of $399.8 million and $409.0 million for 2024 and 2025, respectively [1]. However, since the merger, Global Net Lease's share price has declined by over 33%, raising questions about the accuracy of these projections [1].
Pomerantz LLP has a long-standing reputation for recovering multimillion-dollar damages on behalf of class members in securities fraud cases. The firm, founded by the late Abraham L. Pomerantz, continues to fight for the rights of victims of securities fraud and corporate misconduct [2].
References:
[1] https://www.morningstar.com/news/globe-newswire/9519201/investor-alert-pomerantz-law-firm-investigates-claims-on-behalf-of-investors-of-necessity-retail-reit-inc-rtl
[2] https://www.prnewswire.com/news-releases/investor-alert-pomerantz-law-firm-investigates-claims-on-behalf-of-investors-of-necessity-retail-reit-inc---rtl-302538532.html
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