Pomerantz investigates Necessity Retail REIT for securities fraud.

Pomerantz LLP is investigating claims on behalf of Necessity Retail REIT investors who received Global Net Lease shares in a September 2023 acquisition. The investigation concerns potential securities fraud or unlawful business practices by Necessity Retail officers and directors. The investigation focuses on the offering materials' projections for the combined company's Adjusted Funds From Operations (AFFO) between 2024 and 2028.

Pomerantz LLP has initiated an investigation into claims on behalf of investors of Necessity Retail REIT, Inc. (Necessity Retail or the Company) (NASDAQ: RTL) who received shares of Global Net Lease, Inc. (Global Net Lease) in connection with Global Net Lease's acquisition of Necessity Retail on September 12, 2023. The investigation centers on potential securities fraud or unlawful business practices by Necessity Retail's officers and directors [1].

The investigation focuses on the offering materials for the merger, which presented projections for the combined company's Adjusted Funds From Operations (AFFO) for 2024 and 2025. AFFO is a key metric used by Real Estate Investment Trusts (REITs) to assess their ability to generate cash to support shareholder distributions. The offering materials projected AFFO of $399.8 million and $409.0 million for 2024 and 2025, respectively [1].

Since the merger, Global Net Lease's share price has declined by over 33%, raising concerns about the accuracy of the projections and the potential for securities fraud or other illegal activities [1]. Investors who received Global Net Lease shares in the merger are advised to contact Danielle Peyton at Pomerantz LLP for more information about joining the class action [1].

Pomerantz LLP is a leading firm in corporate, securities, and antitrust class litigation, with a history of recovering multimillion-dollar damages awards on behalf of class members [1]. The firm's offices are located in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv [1].

References:
[1] 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