Necessity Retail REIT, Inc.

$ Overview Financials Valuation SEC Filings Company Website

2023 Q3 Form 10-Q Financial Statement

#000156816223000025 Filed on August 03, 2023

Income Statement

Concept	2023 Q3	2023 Q2

Balance Sheet

Concept	2023 Q3	2023 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments		$59.17M
YoY Change		-14.78%
Cash & Equivalents		$59.17M
Short-Term Investments
Other Short-Term Assets		$67.51M
YoY Change		100.53%
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets		$186.6M
YoY Change		10.79%
LONG-TERM ASSETS
Property, Plant & Equipment		$4.100B
YoY Change		-6.58%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets		$48.42M
YoY Change		-58.95%
Total Long-Term Assets		$4.149B
YoY Change		-8.28%
TOTAL ASSETS
Total Short-Term Assets		$186.6M
Total Long-Term Assets		$4.149B
Total Assets		$4.335B
YoY Change		-7.6%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable		$53.90M
YoY Change		-8.17%
Accrued Expenses		$19.09M
YoY Change		-0.4%
Deferred Revenue
YoY Change
Short-Term Debt		$0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities		$79.73M
YoY Change		-4.74%
LONG-TERM LIABILITIES
Long-Term Debt		$2.651B
YoY Change		-3.53%
Other Long-Term Liabilities		$140.4M
YoY Change		-0.12%
Total Long-Term Liabilities		$2.791B
YoY Change		-3.36%
TOTAL LIABILITIES
Total Short-Term Liabilities		$79.73M
Total Long-Term Liabilities		$2.791B
Total Liabilities		$2.871B
YoY Change		-3.4%
SHAREHOLDERS EQUITY
Retained Earnings		-$1.565B
YoY Change		21.41%
Common Stock		$1.345M
YoY Change		6.07%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity		$1.436B
YoY Change
Total Liabilities & Shareholders Equity		$4.335B
YoY Change		-7.6%

Cashflow Statement

Concept	2023 Q3	2023 Q2

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
	us-gaap	Stock Issued During Period Shares Share Based Compensation Forfeited StockIssuedDuringPeriodSharesShareBasedCompensationForfeited	1269	shares
	dei	Entity Central Index Key EntityCentralIndexKey	0001568162
	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--12-31
	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2023
	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	Q2
	dei	Amendment Flag AmendmentFlag	false
	dei	Document Quarterly Report DocumentQuarterlyReport	true
	dei	Document Period End Date DocumentPeriodEndDate	2023-06-30
	dei	Document Transition Report DocumentTransitionReport	false
	dei	Entity Registrant Name EntityRegistrantName	The Necessity Retail REIT, Inc.
	dei	Entity Incorporation State Country Code EntityIncorporationStateCountryCode	MD
	dei	Entity Tax Identification Number EntityTaxIdentificationNumber	90-0929989
	dei	Entity Address Address Line1 EntityAddressAddressLine1	650 Fifth Ave.
	dei	Entity Address Address Line2 EntityAddressAddressLine2	30th Floor
	dei	Entity Address City Or Town EntityAddressCityOrTown	New York
	dei	Entity Address State Or Province EntityAddressStateOrProvince	NY
	dei	Entity Address Postal Zip Code EntityAddressPostalZipCode	10019
	dei	City Area Code CityAreaCode	212
	dei	Local Phone Number LocalPhoneNumber	415-6500
	dei	Entity Current Reporting Status EntityCurrentReportingStatus	Yes
	dei	Entity Interactive Data Current EntityInteractiveDataCurrent	Yes
	dei	Entity Filer Category EntityFilerCategory	Large Accelerated Filer
	dei	Entity Small Business EntitySmallBusiness	false
	dei	Entity Emerging Growth Company EntityEmergingGrowthCompany	false
	dei	Entity Shell Company EntityShellCompany	false
CY2023Q3	dei	Entity Common Stock Shares Outstanding EntityCommonStockSharesOutstanding	134533574	shares
CY2023Q2	us-gaap	Land Land	956506000	usd
CY2022Q4	us-gaap	Land Land	996293000	usd
CY2023Q2	afin	Buildings Fixturesand Improvements BuildingsFixturesandImprovements	3369177000	usd
CY2022Q4	afin	Buildings Fixturesand Improvements BuildingsFixturesandImprovements	3467463000	usd
CY2023Q2	afin	Real Estate Investments Acquired Intangible Assets Total RealEstateInvestmentsAcquiredIntangibleAssetsTotal	567722000	usd
CY2022Q4	afin	Real Estate Investments Acquired Intangible Assets Total RealEstateInvestmentsAcquiredIntangibleAssetsTotal	644553000	usd
CY2023Q2	us-gaap	Real Estate Investment Property At Cost RealEstateInvestmentPropertyAtCost	4893405000	usd
CY2022Q4	us-gaap	Real Estate Investment Property At Cost RealEstateInvestmentPropertyAtCost	5108309000	usd
CY2023Q2	us-gaap	Real Estate Investment Property Accumulated Depreciation RealEstateInvestmentPropertyAccumulatedDepreciation	810727000	usd
CY2022Q4	us-gaap	Real Estate Investment Property Accumulated Depreciation RealEstateInvestmentPropertyAccumulatedDepreciation	784946000	usd
CY2023Q2	us-gaap	Real Estate Investment Property Net RealEstateInvestmentPropertyNet	4082678000	usd
CY2022Q4	us-gaap	Real Estate Investment Property Net RealEstateInvestmentPropertyNet	4323363000	usd
CY2023Q2	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	59172000	usd
CY2022Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	70795000	usd
CY2023Q2	us-gaap	Restricted Cash And Cash Equivalents RestrictedCashAndCashEquivalents	23373000	usd
CY2022Q4	us-gaap	Restricted Cash And Cash Equivalents RestrictedCashAndCashEquivalents	17956000	usd
CY2023Q2	us-gaap	Deferred Costs Current And Noncurrent DeferredCostsCurrentAndNoncurrent	25050000	usd
CY2022Q4	us-gaap	Deferred Costs Current And Noncurrent DeferredCostsCurrentAndNoncurrent	22893000	usd
CY2023Q2	us-gaap	Deferred Rent Receivables Net DeferredRentReceivablesNet	59890000	usd
CY2022Q4	us-gaap	Deferred Rent Receivables Net DeferredRentReceivablesNet	66657000	usd
CY2023Q2	us-gaap	Operating Lease Right Of Use Asset OperatingLeaseRightOfUseAsset	17587000	usd
CY2022Q4	us-gaap	Operating Lease Right Of Use Asset OperatingLeaseRightOfUseAsset	17839000	usd
CY2023Q2	us-gaap	Prepaid Expense And Other Assets PrepaidExpenseAndOtherAssets	67510000	usd
CY2022Q4	us-gaap	Prepaid Expense And Other Assets PrepaidExpenseAndOtherAssets	66551000	usd
CY2023Q2	us-gaap	Assets Assets	4335260000	usd
CY2022Q4	us-gaap	Assets Assets	4586054000	usd
CY2023Q2	us-gaap	Secured Debt SecuredDebt	1553688000	usd
CY2022Q4	us-gaap	Secured Debt SecuredDebt	1808433000	usd
CY2023Q2	us-gaap	Line Of Credit LineOfCredit	604000000	usd
CY2022Q4	us-gaap	Line Of Credit LineOfCredit	458000000	usd
CY2023Q2	us-gaap	Senior Notes SeniorNotes	492987000	usd
CY2022Q4	us-gaap	Senior Notes SeniorNotes	492319000	usd
CY2023Q2	us-gaap	Off Market Lease Unfavorable OffMarketLeaseUnfavorable	123900000	usd
CY2022Q4	us-gaap	Off Market Lease Unfavorable OffMarketLeaseUnfavorable	133876000	usd
CY2023Q2	us-gaap	Accounts Payable And Accrued Liabilities Current And Noncurrent AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent	54804000	usd
CY2022Q4	us-gaap	Accounts Payable And Accrued Liabilities Current And Noncurrent AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent	64169000	usd
CY2023Q2	us-gaap	Operating Lease Liability OperatingLeaseLiability	19088000	usd
CY2022Q4	us-gaap	Operating Lease Liability OperatingLeaseLiability	19132000	usd
CY2023Q2	afin	Deferred Rent Credit And Other Liabilities DeferredRentCreditAndOtherLiabilities	16531000	usd
CY2022Q4	afin	Deferred Rent Credit And Other Liabilities DeferredRentCreditAndOtherLiabilities	16815000	usd
CY2023Q2	us-gaap	Dividends Payable Current And Noncurrent DividendsPayableCurrentAndNoncurrent	5837000	usd
CY2022Q4	us-gaap	Dividends Payable Current And Noncurrent DividendsPayableCurrentAndNoncurrent	5837000	usd
CY2023Q2	us-gaap	Liabilities Liabilities	2870835000	usd
CY2022Q4	us-gaap	Liabilities Liabilities	2998581000	usd
CY2022Q4	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.01
CY2023Q2	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.01
CY2022Q4	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	300000000	shares
CY2023Q2	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	300000000	shares
CY2023Q2	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	134535442	shares
CY2023Q2	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	134535442	shares
CY2022Q4	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	134224313	shares
CY2022Q4	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	134224313	shares
CY2023Q2	us-gaap	Common Stock Value CommonStockValue	1345000	usd
CY2022Q4	us-gaap	Common Stock Value CommonStockValue	1342000	usd
CY2023Q2	us-gaap	Additional Paid In Capital AdditionalPaidInCapital	2999565000	usd
CY2022Q4	us-gaap	Additional Paid In Capital AdditionalPaidInCapital	2999163000	usd
CY2023Q2	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-1565425000	usd
CY2022Q4	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-1435794000	usd
CY2023Q2	us-gaap	Stockholders Equity StockholdersEquity	1435610000	usd
	us-gaap	Operating Income Loss OperatingIncomeLoss	44212000	usd
CY2022Q4	us-gaap	Stockholders Equity StockholdersEquity	1564836000	usd
CY2023Q2	us-gaap	Minority Interest MinorityInterest	28815000	usd
CY2022Q4	us-gaap	Minority Interest MinorityInterest	22637000	usd
CY2023Q2	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	1464425000	usd
CY2022Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	1587473000	usd
CY2023Q2	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	4335260000	usd
CY2022Q4	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	4586054000	usd
CY2023Q2	us-gaap	Revenues Revenues	106700000	usd
CY2022Q2	us-gaap	Revenues Revenues	116929000	usd
	us-gaap	Revenues Revenues	220294000	usd
	us-gaap	Revenues Revenues	211872000	usd
CY2023Q2	us-gaap	Other General Expense OtherGeneralExpense	25082000	usd
CY2022Q2	us-gaap	Other General Expense OtherGeneralExpense	27520000	usd
	us-gaap	Other General Expense OtherGeneralExpense	51995000	usd
	us-gaap	Other General Expense OtherGeneralExpense	46659000	usd
CY2023Q2	us-gaap	Impairment Of Real Estate ImpairmentOfRealEstate	0	usd
CY2022Q2	us-gaap	Impairment Of Real Estate ImpairmentOfRealEstate	58954000	usd
	us-gaap	Impairment Of Real Estate ImpairmentOfRealEstate	0	usd
	us-gaap	Impairment Of Real Estate ImpairmentOfRealEstate	64896000	usd
CY2023Q2	us-gaap	Business Combination Acquisition Related Costs BusinessCombinationAcquisitionRelatedCosts	4931000	usd
CY2022Q2	us-gaap	Business Combination Acquisition Related Costs BusinessCombinationAcquisitionRelatedCosts	206000	usd
	us-gaap	Business Combination Acquisition Related Costs BusinessCombinationAcquisitionRelatedCosts	5496000	usd
	us-gaap	Business Combination Acquisition Related Costs BusinessCombinationAcquisitionRelatedCosts	485000	usd
CY2023Q2	afin	Settlement Costs SettlementCosts	8800000	usd
CY2022Q2	afin	Settlement Costs SettlementCosts	0	usd
	afin	Settlement Costs SettlementCosts	8800000	usd
	afin	Settlement Costs SettlementCosts	0	usd
CY2023Q2	us-gaap	Allocated Share Based Compensation Expense AllocatedShareBasedCompensationExpense	3519000	usd
CY2022Q2	us-gaap	Allocated Share Based Compensation Expense AllocatedShareBasedCompensationExpense	3523000	usd
	us-gaap	Allocated Share Based Compensation Expense AllocatedShareBasedCompensationExpense	7086000	usd
	us-gaap	Allocated Share Based Compensation Expense AllocatedShareBasedCompensationExpense	7021000	usd
CY2023Q2	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	14744000	usd
CY2022Q2	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	8390000	usd
	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	25236000	usd
	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	15223000	usd
CY2023Q2	us-gaap	Depreciation And Amortization DepreciationAndAmortization	59466000	usd
CY2022Q2	us-gaap	Depreciation And Amortization DepreciationAndAmortization	46573000	usd
	us-gaap	Depreciation And Amortization DepreciationAndAmortization	113648000	usd
	us-gaap	Depreciation And Amortization DepreciationAndAmortization	84261000	usd
CY2023Q2	us-gaap	Operating Expenses OperatingExpenses	124514000	usd
CY2022Q2	us-gaap	Operating Expenses OperatingExpenses	153462000	usd
	us-gaap	Operating Expenses OperatingExpenses	228189000	usd
	us-gaap	Operating Expenses OperatingExpenses	234667000	usd
CY2023Q2	afin	Operating Income Loss Before Gain On Sale Of Real Estate Investments OperatingIncomeLossBeforeGainOnSaleOfRealEstateInvestments	-17814000	usd
CY2022Q2	afin	Operating Income Loss Before Gain On Sale Of Real Estate Investments OperatingIncomeLossBeforeGainOnSaleOfRealEstateInvestments	-36533000	usd
	afin	Operating Income Loss Before Gain On Sale Of Real Estate Investments OperatingIncomeLossBeforeGainOnSaleOfRealEstateInvestments	-7895000	usd
	afin	Operating Income Loss Before Gain On Sale Of Real Estate Investments OperatingIncomeLossBeforeGainOnSaleOfRealEstateInvestments	-22795000	usd
CY2023Q2	us-gaap	Gains Losses On Sales Of Investment Real Estate GainsLossesOnSalesOfInvestmentRealEstate	5471000	usd
CY2022Q2	us-gaap	Gains Losses On Sales Of Investment Real Estate GainsLossesOnSalesOfInvestmentRealEstate	13438000	usd
	us-gaap	Gains Losses On Sales Of Investment Real Estate GainsLossesOnSalesOfInvestmentRealEstate	17263000	usd
	us-gaap	Gains Losses On Sales Of Investment Real Estate GainsLossesOnSalesOfInvestmentRealEstate	67007000	usd
CY2023Q2	us-gaap	Operating Income Loss OperatingIncomeLoss	-12343000	usd
CY2022Q2	us-gaap	Operating Income Loss OperatingIncomeLoss	-23095000	usd
	us-gaap	Operating Income Loss OperatingIncomeLoss	9368000	usd
CY2023Q2	us-gaap	Interest Expense InterestExpense	35945000	usd
CY2022Q2	us-gaap	Interest Expense InterestExpense	28329000	usd
	us-gaap	Interest Expense InterestExpense	70620000	usd
	us-gaap	Interest Expense InterestExpense	52069000	usd
CY2023Q2	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	596000	usd
CY2022Q2	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	944000	usd
	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	623000	usd
	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	962000	usd
CY2023Q2	us-gaap	Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet	0	usd
CY2022Q2	us-gaap	Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet	0	usd
	us-gaap	Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet	0	usd
	us-gaap	Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet	2250000	usd
CY2023Q2	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	-35349000	usd
CY2022Q2	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	-27385000	usd
	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	-69997000	usd
	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	-48857000	usd
CY2023Q2	us-gaap	Profit Loss ProfitLoss	-47692000	usd
CY2022Q2	us-gaap	Profit Loss ProfitLoss	-50480000	usd
	us-gaap	Profit Loss ProfitLoss	-60629000	usd
	us-gaap	Profit Loss ProfitLoss	-4645000	usd
CY2023Q2	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	-61000	usd
CY2022Q2	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	-58000	usd
	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	-78000	usd
	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	6000	usd
CY2023Q2	us-gaap	Preferred Stock Dividends Income Statement Impact PreferredStockDividendsIncomeStatementImpact	5837000	usd
CY2022Q2	us-gaap	Preferred Stock Dividends Income Statement Impact PreferredStockDividendsIncomeStatementImpact	5837000	usd
	us-gaap	Preferred Stock Dividends Income Statement Impact PreferredStockDividendsIncomeStatementImpact	11674000	usd
	us-gaap	Preferred Stock Dividends Income Statement Impact PreferredStockDividendsIncomeStatementImpact	11674000	usd
CY2023Q2	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	-53468000	usd
CY2022Q2	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	-56259000	usd
	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	-72225000	usd
	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	-16325000	usd
CY2023Q2	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	133800130	shares
CY2023Q2	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	133800130	shares
CY2022Q2	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	132629704	shares
CY2022Q2	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	132629704	shares
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	133758112	shares
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	133758112	shares
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	130646294	shares
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	130646294	shares
CY2023Q2	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-0.40
CY2023Q2	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-0.40
CY2022Q2	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-0.43
CY2022Q2	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-0.43
	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-0.54
	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-0.54
	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-0.13
	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-0.13
CY2022Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	1587473000	usd
	us-gaap	Stock Issued During Period Value New Issues StockIssuedDuringPeriodValueNewIssues	-66000	usd
	us-gaap	Stock Issued During Period Value Share Based Compensation StockIssuedDuringPeriodValueShareBasedCompensation	7086000	usd
	us-gaap	Adjustments Related To Tax Withholding For Share Based Compensation AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation	169000	usd
	us-gaap	Common Stock Dividends Per Share Declared CommonStockDividendsPerShareDeclared	0.43
	us-gaap	Dividends Common Stock DividendsCommonStock	57044000	usd
	us-gaap	Minority Interest Decrease From Distributions To Noncontrolling Interest Holders MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders	435000	usd
	us-gaap	Profit Loss ProfitLoss	-60629000	usd
	us-gaap	Minority Interest Decrease From Redemptions MinorityInterestDecreaseFromRedemptions	0	usd
CY2023Q2	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	1464425000	usd
	us-gaap	Stock Issued During Period Value Share Based Compensation Forfeited StockIssuedDuringPeriodValueShareBasedCompensationForfeited	11000	usd
CY2023Q1	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	1543418000	usd
CY2023Q2	us-gaap	Stock Issued During Period Value New Issues StockIssuedDuringPeriodValueNewIssues	-24000	usd
CY2023Q2	us-gaap	Stock Issued During Period Value Share Based Compensation StockIssuedDuringPeriodValueShareBasedCompensation	3519000	usd
CY2023Q2	us-gaap	Adjustments Related To Tax Withholding For Share Based Compensation AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation	169000	usd
CY2023Q2	us-gaap	Common Stock Dividends Per Share Declared CommonStockDividendsPerShareDeclared	0.21
CY2023Q2	us-gaap	Dividends Common Stock DividendsCommonStock	28521000	usd
CY2023Q2	us-gaap	Minority Interest Decrease From Distributions To Noncontrolling Interest Holders MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders	217000	usd
CY2023Q2	us-gaap	Profit Loss ProfitLoss	-47692000	usd
CY2023Q2	us-gaap	Minority Interest Decrease From Redemptions MinorityInterestDecreaseFromRedemptions	0	usd
CY2023Q2	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	1464425000	usd
CY2023Q2	us-gaap	Stock Issued During Period Shares Share Based Compensation Forfeited StockIssuedDuringPeriodSharesShareBasedCompensationForfeited	1269	shares
CY2023Q2	us-gaap	Stock Issued During Period Value Share Based Compensation Forfeited StockIssuedDuringPeriodValueShareBasedCompensationForfeited	11000	usd
CY2021Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	1710278000	usd
	us-gaap	Stock Issued During Period Value New Issues StockIssuedDuringPeriodValueNewIssues	24627000	usd
	us-gaap	Minority Interest Change In Redemption Value MinorityInterestChangeInRedemptionValue	-3423000	usd
	us-gaap	Stock Issued During Period Value Share Based Compensation StockIssuedDuringPeriodValueShareBasedCompensation	7021000	usd
	us-gaap	Common Stock Dividends Per Share Declared CommonStockDividendsPerShareDeclared	0.43
	us-gaap	Dividends Common Stock DividendsCommonStock	55276000	usd
	us-gaap	Minority Interest Decrease From Distributions To Noncontrolling Interest Holders MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders	437000	usd
	us-gaap	Profit Loss ProfitLoss	-4645000	usd
	us-gaap	Minority Interest Decrease From Redemptions MinorityInterestDecreaseFromRedemptions	0	usd
CY2022Q2	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	1666231000	usd
	us-gaap	Stock Issued During Period Shares Share Based Compensation Forfeited StockIssuedDuringPeriodSharesShareBasedCompensationForfeited	275	shares
	us-gaap	Stock Issued During Period Value Share Based Compensation Forfeited StockIssuedDuringPeriodValueShareBasedCompensationForfeited	3000	usd
CY2022Q1	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	1747905000	usd
CY2022Q2	us-gaap	Stock Issued During Period Value New Issues StockIssuedDuringPeriodValueNewIssues	133000	usd
CY2022Q2	us-gaap	Stock Issued During Period Value Share Based Compensation StockIssuedDuringPeriodValueShareBasedCompensation	3535000	usd
CY2022Q2	us-gaap	Common Stock Dividends Per Share Declared CommonStockDividendsPerShareDeclared	0.21
CY2022Q2	us-gaap	Dividends Common Stock DividendsCommonStock	28599000	usd
CY2022Q2	us-gaap	Minority Interest Decrease From Distributions To Noncontrolling Interest Holders MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders	241000	usd
CY2022Q2	us-gaap	Profit Loss ProfitLoss	-50480000	usd
CY2022Q2	us-gaap	Minority Interest Decrease From Redemptions MinorityInterestDecreaseFromRedemptions	0	usd
CY2022Q2	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	1666231000	usd
	us-gaap	Profit Loss ProfitLoss	-60629000	usd
	us-gaap	Profit Loss ProfitLoss	-4645000	usd
	us-gaap	Depreciation Depreciation	55419000	usd
	us-gaap	Depreciation Depreciation	52127000	usd
	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	56896000	usd
	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	31023000	usd
	us-gaap	Operating Lease Right Of Use Asset Amortization Expense OperatingLeaseRightOfUseAssetAmortizationExpense	1333000	usd
	us-gaap	Operating Lease Right Of Use Asset Amortization Expense OperatingLeaseRightOfUseAssetAmortizationExpense	1111000	usd
	us-gaap	Amortization Of Financing Costs AmortizationOfFinancingCosts	7367000	usd
	us-gaap	Amortization Of Financing Costs AmortizationOfFinancingCosts	6129000	usd
	us-gaap	Amortization Of Debt Discount Premium AmortizationOfDebtDiscountPremium	800000	usd
	us-gaap	Amortization Of Debt Discount Premium AmortizationOfDebtDiscountPremium	161000	usd
	us-gaap	Amortization Of Above And Below Market Leases AmortizationOfAboveAndBelowMarketLeases	-4256000	usd
	us-gaap	Amortization Of Above And Below Market Leases AmortizationOfAboveAndBelowMarketLeases	-2680000	usd
	us-gaap	Share Based Compensation ShareBasedCompensation	7085000	usd
	us-gaap	Share Based Compensation ShareBasedCompensation	7021000	usd
	us-gaap	Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet	0	usd
	us-gaap	Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet	2250000	usd
	us-gaap	Gains Losses On Sales Of Investment Real Estate GainsLossesOnSalesOfInvestmentRealEstate	17263000	usd
	us-gaap	Gains Losses On Sales Of Investment Real Estate GainsLossesOnSalesOfInvestmentRealEstate	67007000	usd
	us-gaap	Asset Impairment Charges AssetImpairmentCharges	0	usd
	us-gaap	Asset Impairment Charges AssetImpairmentCharges	64896000	usd
	afin	Debt Prepayment Costs DebtPrepaymentCosts	905000	usd
	afin	Debt Prepayment Costs DebtPrepaymentCosts	0	usd
	afin	Increase Decrease In Straightline Rent Receivable IncreaseDecreaseInStraightlineRentReceivable	-183000	usd
	afin	Increase Decrease In Straightline Rent Receivable IncreaseDecreaseInStraightlineRentReceivable	2758000	usd
	afin	Increase Decrease In Straightline Rent Payable IncreaseDecreaseInStraightlineRentPayable	125000	usd
	afin	Increase Decrease In Straightline Rent Payable IncreaseDecreaseInStraightlineRentPayable	135000	usd
	us-gaap	Increase Decrease In Prepaid Deferred Expense And Other Assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets	-196000	usd
	us-gaap	Increase Decrease In Prepaid Deferred Expense And Other Assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets	-4354000	usd
	us-gaap	Increase Decrease In Accounts Payable And Accrued Liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities	-4221000	usd
	us-gaap	Increase Decrease In Accounts Payable And Accrued Liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities	18438000	usd
	us-gaap	Increase Decrease In Other Operating Liabilities IncreaseDecreaseInOtherOperatingLiabilities	-269000	usd
	us-gaap	Increase Decrease In Other Operating Liabilities IncreaseDecreaseInOtherOperatingLiabilities	-1449000	usd
	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	43671000	usd
	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	104606000	usd
	us-gaap	Payments To Acquire Real Estate Held For Investment PaymentsToAcquireRealEstateHeldForInvestment	20863000	usd
	us-gaap	Payments To Acquire Real Estate Held For Investment PaymentsToAcquireRealEstateHeldForInvestment	4848000	usd
	us-gaap	Payments To Acquire Productive Assets PaymentsToAcquireProductiveAssets	12260000	usd
	us-gaap	Payments To Acquire Productive Assets PaymentsToAcquireProductiveAssets	954747000	usd
	us-gaap	Proceeds From Sale Of Real Estate Heldforinvestment ProceedsFromSaleOfRealEstateHeldforinvestment	66192000	usd
	us-gaap	Proceeds From Sale Of Real Estate Heldforinvestment ProceedsFromSaleOfRealEstateHeldforinvestment	273345000	usd
	us-gaap	Payments For Proceeds From Deposits On Real Estate Acquisitions PaymentsForProceedsFromDepositsOnRealEstateAcquisitions	0	usd
	us-gaap	Payments For Proceeds From Deposits On Real Estate Acquisitions PaymentsForProceedsFromDepositsOnRealEstateAcquisitions	103000	usd
	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	33069000	usd
	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-686353000	usd
	us-gaap	Repayments Of Secured Debt RepaymentsOfSecuredDebt	193076000	usd
	us-gaap	Repayments Of Secured Debt RepaymentsOfSecuredDebt	10054000	usd
	us-gaap	Proceeds From Lines Of Credit ProceedsFromLinesOfCredit	201000000	usd
	us-gaap	Proceeds From Lines Of Credit ProceedsFromLinesOfCredit	513000000	usd
	us-gaap	Repayments Of Lines Of Credit RepaymentsOfLinesOfCredit	20000000	usd
	us-gaap	Repayments Of Lines Of Credit RepaymentsOfLinesOfCredit	25000000	usd
	us-gaap	Payments Of Financing Costs PaymentsOfFinancingCosts	469000	usd
	us-gaap	Payments Of Financing Costs PaymentsOfFinancingCosts	2896000	usd
	us-gaap	Payments Of Debt Extinguishment Costs PaymentsOfDebtExtinguishmentCosts	905000	usd
	us-gaap	Payments Of Debt Extinguishment Costs PaymentsOfDebtExtinguishmentCosts	0	usd
	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	170000	usd
	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	0	usd
	us-gaap	Payments Of Distributions To Affiliates PaymentsOfDistributionsToAffiliates	435000	usd
	us-gaap	Payments Of Distributions To Affiliates PaymentsOfDistributionsToAffiliates	437000	usd
	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-82946000	usd
	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	431948000	usd
	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	-6206000	usd
	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	-149799000	usd
CY2022Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	88751000	usd
CY2021Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	236849000	usd
CY2023Q2	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	82545000	usd
CY2022Q2	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	87050000	usd
CY2023Q2	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	59172000	usd
CY2022Q2	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	69431000	usd
CY2023Q2	us-gaap	Restricted Cash And Cash Equivalents RestrictedCashAndCashEquivalents	23373000	usd
CY2022Q2	us-gaap	Restricted Cash And Cash Equivalents RestrictedCashAndCashEquivalents	17619000	usd
CY2023Q2	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	82545000	usd
CY2022Q2	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	87050000	usd
	us-gaap	Interest Paid Net InterestPaidNet	64180000	usd
	us-gaap	Interest Paid Net InterestPaidNet	43895000	usd
	us-gaap	Income Taxes Paid IncomeTaxesPaid	1372000	usd
	us-gaap	Income Taxes Paid IncomeTaxesPaid	1100000	usd
	us-gaap	Stock Issued During Period Value Dividend Reinvestment Plan StockIssuedDuringPeriodValueDividendReinvestmentPlan	0	usd
	us-gaap	Stock Issued During Period Value Dividend Reinvestment Plan StockIssuedDuringPeriodValueDividendReinvestmentPlan	49965000	usd
	us-gaap	Temporary Equity Accretion To Redemption Value Adjustment TemporaryEquityAccretionToRedemptionValueAdjustment	0	usd
	us-gaap	Temporary Equity Accretion To Redemption Value Adjustment TemporaryEquityAccretionToRedemptionValueAdjustment	3423000	usd
	afin	Noncashor Part Noncash Mortgage Notes Payable Secured In Connection With The Acquisition Of Real Estate NoncashorPartNoncashMortgageNotesPayableSecuredInConnectionWithTheAcquisitionOfRealEstate	67731000	usd
	afin	Noncashor Part Noncash Mortgage Notes Payable Secured In Connection With The Acquisition Of Real Estate NoncashorPartNoncashMortgageNotesPayableSecuredInConnectionWithTheAcquisitionOfRealEstate	940000	usd
	afin	Noncash Or Part Noncash Mortgage Notes Payable Released In Connection With Dispositions Of Real Estate NoncashOrPartNoncashMortgageNotesPayableReleasedInConnectionWithDispositionsOfRealEstate	67731000	usd
	afin	Noncash Or Part Noncash Mortgage Notes Payable Released In Connection With Dispositions Of Real Estate NoncashOrPartNoncashMortgageNotesPayableReleasedInConnectionWithDispositionsOfRealEstate	940000	usd
	afin	Proceeds From Real Estate Sales Used To Repay Amounts Outstanding Under The Credit Facility ProceedsFromRealEstateSalesUsedToRepayAmountsOutstandingUnderTheCreditFacility	35000000	usd
	afin	Proceeds From Real Estate Sales Used To Repay Amounts Outstanding Under The Credit Facility ProceedsFromRealEstateSalesUsedToRepayAmountsOutstandingUnderTheCreditFacility	0	usd
	afin	Amounts Under The Credit Facility Repaid In Connection With Dispositions Of Real Estate AmountsUnderTheCreditFacilityRepaidInConnectionWithDispositionsOfRealEstate	-35000000	usd
	afin	Amounts Under The Credit Facility Repaid In Connection With Dispositions Of Real Estate AmountsUnderTheCreditFacilityRepaidInConnectionWithDispositionsOfRealEstate	0	usd
CY2022Q2	afin	Business Combination Consideration Transferred Mortgages Assumed Unamortized Discount BusinessCombinationConsiderationTransferredMortgagesAssumedUnamortizedDiscount	276000	usd
	us-gaap	Noncash Or Part Noncash Acquisition Debt Assumed1 NoncashOrPartNoncashAcquisitionDebtAssumed1	0	usd
	us-gaap	Noncash Or Part Noncash Acquisition Debt Assumed1 NoncashOrPartNoncashAcquisitionDebtAssumed1	312246000	usd
	afin	Noncash Or Part Noncash Acquisition Deposit Application NoncashOrPartNoncashAcquisitionDepositApplication	0	usd
	afin	Noncash Or Part Noncash Acquisition Deposit Application NoncashOrPartNoncashAcquisitionDepositApplication	23750000	usd
	us-gaap	Asset Acquisition Consideration Transferred Other Assets AssetAcquisitionConsiderationTransferredOtherAssets	4374000	usd
	us-gaap	Asset Acquisition Consideration Transferred Other Assets AssetAcquisitionConsiderationTransferredOtherAssets	0	usd
	us-gaap	Asset Acquisition Consideration Transferred Contingent Consideration AssetAcquisitionConsiderationTransferredContingentConsideration	0	usd
	us-gaap	Asset Acquisition Consideration Transferred Contingent Consideration AssetAcquisitionConsiderationTransferredContingentConsideration	10840000	usd
	afin	Accrued Capital Expenditures AccruedCapitalExpenditures	0	usd
	afin	Accrued Capital Expenditures AccruedCapitalExpenditures	371000	usd
CY2023Q2	us-gaap	Number Of Real Estate Properties NumberOfRealEstateProperties	991	property
CY2023Q2	us-gaap	Area Of Real Estate Property AreaOfRealEstateProperty	27300000	sqft
CY2023Q2	afin	Percentageof Real Estate Property Leased PercentageofRealEstatePropertyLeased	0.927
CY2022Q2	us-gaap	Line Of Credit Facility Maximum Borrowing Capacity LineOfCreditFacilityMaximumBorrowingCapacity	135000000	usd
CY2022	us-gaap	Asset Acquisition Consideration Transferred Contingent Consideration AssetAcquisitionConsiderationTransferredContingentConsideration	6700000	usd
	afin	Business Combination Recognized Identifiable Assets Acquiredand Liabilities Assumed Property Plantand Equipment Acquired In Period BusinessCombinationRecognizedIdentifiableAssetsAcquiredandLiabilitiesAssumedPropertyPlantandEquipmentAcquiredInPeriod	4400000	usd
CY2023Q2	us-gaap	Payments For Merger Related Costs PaymentsForMergerRelatedCosts	4200000	usd
	us-gaap	Payments For Merger Related Costs PaymentsForMergerRelatedCosts	4200000	usd
CY2023Q2	us-gaap	Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear	96500000	usd
CY2023Q2	us-gaap	Long Term Debt Maturities Repayments Of Principal In Next Twelve Months LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths	65200000	usd
CY2022	afin	Number Of Parcels Of Land Leased NumberOfParcelsOfLandLeased	2	property
	afin	Number Of Parcels Of Land Leased NumberOfParcelsOfLandLeased	2	property
	us-gaap	Use Of Estimates UseOfEstimates	<div style="margin-bottom:5pt;margin-top:5pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Use of Estimates</span></div><div style="margin-bottom:5pt;margin-top:5pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Management makes significant estimates regarding revenue recognition, purchase price allocations to record investments in real estate, and fair value measurements, as applicable.</span></div>
	us-gaap	Revenue Recognition Leases RevenueRecognitionLeases	<div style="margin-bottom:5pt;margin-top:5pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Revenue Recognition</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%"> </span></div><div style="margin-bottom:5pt;margin-top:5pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company’s revenues, which are derived primarily from lease contracts, include rents that each tenant pays in accordance with the terms of each lease reported on a straight-line basis over the initial term of the lease. As of June 30, 2023, these leases had an average remaining lease term of approximately 6.9 years. Because many of the Company’s leases provide for rental increases at specified intervals, straight-line basis accounting requires the Company to record a receivable for, and include in revenue from tenants, unbilled rents receivable that the Company will only receive if the tenant makes all rent payments required through the expiration of the initial term of the lease. When the Company acquires a property, the acquisition date is considered to be the commencement date for purposes of this calculation. For new leases after acquisition, the commencement date is considered to be the date the tenant takes control of the space. For lease modifications, the commencement date is considered to be the date the lease modification is executed. The Company defers the revenue related to lease payments received from tenants in advance of their due dates. Pursuant to certain of the Company’s lease agreements, tenants are required to reimburse the Company for certain property operating expenses, in addition to paying base rent, whereas under certain other lease agreements, the tenants are directly responsible for all operating costs of the respective properties. Under ASC 842, the Company elected to report combined lease and non-lease components in a single line “Revenue from tenants.” For comparative purposes, the Company also elected to reflect prior revenue and reimbursements reported under ASC 842 on a single line. For expenses paid directly by the tenant, under both ASC 842 and 840, the Company has reflected them on a net basis.</span></div><div style="margin-bottom:5pt;margin-top:5pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Future Base Rent Payments</span></div><div style="margin-bottom:5pt;margin-top:5pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The following table presents future base rent payments on a cash basis due to the Company over the next five years and thereafter as of June 30, 2023. These amounts exclude tenant reimbursements and contingent rent payments, as applicable, that may be collected from certain tenants based on provisions related to sales thresholds and increases in annual rent based on exceeding certain economic indexes among other items:</span></div><div style="margin-bottom:5pt;margin-top:5pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:79.601%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.530%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:17.469%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:100%">(In thousands)</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Future Base Rent Payments</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2023 (remainder)</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">171,304 </span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2024</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">338,416 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2025</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">313,653 </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2026</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">285,021 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2027</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">246,173 </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2028</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">197,012 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Thereafter</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,045,985 </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%"> </span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,597,564 </span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:5pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Contingent Rental Income</span></div><div style="margin-bottom:5pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company owns certain properties with leases that include provisions for the tenant to pay contingent rental income based on a percent of the tenant’s sales upon the achievement of certain sales thresholds or other targets which may be monthly, quarterly or annual targets. As the lessor to the aforementioned leases, the Company defers the recognition of contingent rental income, until the specified target that triggered the contingent rental income is achieved, or until such sales upon which percentage rent is based are known. For the three and six months ended June 30, 2023 such amounts were $0.9 million and $1.5 million, respectively, and for the three and six months ended June 30, 2022 such amounts were $0.3 million and $0.7 million, respectively.</span></div><div style="margin-bottom:5pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Collectability and Reductions to Revenue</span></div><div style="margin-bottom:5pt;margin-top:5pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company continually reviews receivables related to rent and unbilled rents receivable and determines collectability by taking into consideration the tenant’s payment history, the financial condition of the tenant, business conditions in the industry in which the tenant operates and economic conditions in the area in which the property is located. Under the leasing standard adopted on January 1, 2019 (see the “</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Recently Issued Accounting Pronouncements</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">” section below), the Company is required to assess, based on credit risk only, if it is probable that the Company will collect virtually all of the lease payments at lease commencement date and it must continue to reassess collectability periodically thereafter based on new facts and circumstances affecting the credit risk of the tenant. Partial reserves, or the ability to assume partial recovery are not permitted. If the Company determines that it is probable it will collect virtually all of the lease payments (rent and common area maintenance), the lease will continue to be accounted for on an accrual basis (i.e. straight-line). However, if the Company determines it is not probable that it will collect virtually all of the lease payments, the lease will be accounted for on a cash basis and a full reserve would be recorded on previously accrued amounts in cases where it was subsequently concluded that collection was not probable. Cost recoveries from tenants are included in operating revenue from tenants beginning on January 1, 2019, in accordance with new accounting rules, on the accompanying consolidated statements of operations in the period the related costs are incurred, as applicable.</span></div><div style="margin-bottom:5pt;margin-top:5pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">In accordance with the lease accounting rules, the Company records uncollectable amounts as reductions in revenue from tenants. During the three and six months ended June 30, 2023, uncollectable amounts were $6.4 million and $9.8 million, respectively, and for the three and six months ended June 30, 2022 such amounts were $0.3 million and $0.5 million, respectively. Included in the uncollectable amounts for the three and six months ended June 30, 2023, were $5.4 million and $8.3 million, respectively, of revenue reductions associated with 48 and 64 leases, respectively, which were terminated in bankruptcy proceedings.</span></div><div style="margin-bottom:5pt;margin-top:5pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Lease Termination Income</span></div><div style="margin-bottom:5pt;margin-top:5pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">During the three and six months ended June 30, 2023, the Company entered into two and four lease termination agreements, respectively, for a total of $0.5 million and $0.6 million, which were recognized and received in the three and six months ended June 30, 2023, respectively.</span></div>The Company entered into lease termination agreements at two and six of its single-tenant properties in the first quarter of 2022 and the fourth quarter of 2021, respectively. Since these leases had short-term remaining occupancy periods for the tenant, these lease termination agreements were treated as lease modifications, and their termination fee income was recognized over the remaining occupancy periods of the respective leases on a straight-line basis. In addition, the Company recognized and received $5.0 million in lease termination income from five vacant properties formerly leased to Truist Bank in the three months ended June 30, 2022. The Company recorded additional lease revenue of $5.7 million and $10.2 million in the three and six months ended June 30, 2022, respectively, related to these agreements. As of June 30, 2022, the occupancy periods for these agreements expired and the tenants vacated. Accordingly, no related revenue was recognized on these leases in the three and six months ended June 30, 2023.
CY2023Q2	us-gaap	Operating Lease Weighted Average Remaining Lease Term1 OperatingLeaseWeightedAverageRemainingLeaseTerm1	P6Y10M24D
CY2023Q2	us-gaap	Lessor Operating Lease Payments To Be Received Remainder Of Fiscal Year LessorOperatingLeasePaymentsToBeReceivedRemainderOfFiscalYear	171304000	usd
CY2023Q2	us-gaap	Lessor Operating Lease Payments To Be Received Next Twelve Months LessorOperatingLeasePaymentsToBeReceivedNextTwelveMonths	338416000	usd
CY2023Q2	us-gaap	Lessor Operating Lease Payments To Be Received Two Years LessorOperatingLeasePaymentsToBeReceivedTwoYears	313653000	usd
CY2023Q2	us-gaap	Lessor Operating Lease Payments To Be Received Three Years LessorOperatingLeasePaymentsToBeReceivedThreeYears	285021000	usd
CY2023Q2	us-gaap	Lessor Operating Lease Payments To Be Received Four Years LessorOperatingLeasePaymentsToBeReceivedFourYears	246173000	usd
CY2023Q2	us-gaap	Lessor Operating Lease Payments To Be Received Five Years LessorOperatingLeasePaymentsToBeReceivedFiveYears	197012000	usd
CY2023Q2	us-gaap	Lessor Operating Lease Payments To Be Received Thereafter LessorOperatingLeasePaymentsToBeReceivedThereafter	1045985000	usd
CY2023Q2	us-gaap	Lessor Operating Lease Payments To Be Received LessorOperatingLeasePaymentsToBeReceived	2597564000	usd
CY2023Q2	us-gaap	Operating Lease Variable Lease Income OperatingLeaseVariableLeaseIncome	900000	usd
	us-gaap	Operating Lease Variable Lease Income OperatingLeaseVariableLeaseIncome	1500000	usd
CY2022Q2	us-gaap	Operating Lease Variable Lease Income OperatingLeaseVariableLeaseIncome	300000	usd
	us-gaap	Operating Lease Variable Lease Income OperatingLeaseVariableLeaseIncome	700000	usd
CY2023Q2	us-gaap	Provision For Doubtful Accounts ProvisionForDoubtfulAccounts	6400000	usd
	us-gaap	Provision For Doubtful Accounts ProvisionForDoubtfulAccounts	9800000	usd
CY2022Q2	us-gaap	Provision For Doubtful Accounts ProvisionForDoubtfulAccounts	300000	usd
	us-gaap	Provision For Doubtful Accounts ProvisionForDoubtfulAccounts	500000	usd
CY2023Q2	afin	Number Of Lease Termination Agreement NumberOfLeaseTerminationAgreement	2	property
	afin	Number Of Lease Termination Agreement NumberOfLeaseTerminationAgreement	4	property
CY2023Q2	us-gaap	Allowance For Doubtful Accounts Receivable Recoveries AllowanceForDoubtfulAccountsReceivableRecoveries	500000	usd
	us-gaap	Allowance For Doubtful Accounts Receivable Recoveries AllowanceForDoubtfulAccountsReceivableRecoveries	600000	usd
CY2022Q2	afin	Number Of Single Tenant Properties In Lease Termination Agreement NumberOfSingleTenantPropertiesInLeaseTerminationAgreement	2	property
CY2022Q1	afin	Number Of Single Tenant Properties In Lease Termination Agreement NumberOfSingleTenantPropertiesInLeaseTerminationAgreement	6	property
CY2022Q2	us-gaap	Gain Loss On Termination Of Lease GainLossOnTerminationOfLease	5700000	usd
	us-gaap	Gain Loss On Termination Of Lease GainLossOnTerminationOfLease	10200000	usd
CY2023Q2	us-gaap	Finance Lease Right Of Use Asset FinanceLeaseRightOfUseAsset	5800000	usd
CY2022Q4	us-gaap	Finance Lease Right Of Use Asset FinanceLeaseRightOfUseAsset	5700000	usd
CY2023Q2	us-gaap	Sublease Income SubleaseIncome	200000	usd
	us-gaap	Sublease Income SubleaseIncome	300000	usd
CY2022	afin	Number Of Parcels Of Land Leased NumberOfParcelsOfLandLeased	2	property
	afin	Number Of Parcels Of Land Leased NumberOfParcelsOfLandLeased	2	property
	us-gaap	Number Of Reportable Segments NumberOfReportableSegments	2	segment
	afin	Business Combination Recognized Identifiable Assets Acquiredand Liabilities Assumed Land Acquiredin Period BusinessCombinationRecognizedIdentifiableAssetsAcquiredandLiabilitiesAssumedLandAcquiredinPeriod	0	usd
	afin	Business Combination Recognized Identifiable Assets Acquiredand Liabilities Assumed Land Acquiredin Period BusinessCombinationRecognizedIdentifiableAssetsAcquiredandLiabilitiesAssumedLandAcquiredinPeriod	302478000	usd
	afin	Business Combination Recognized Identifiable Assets Acquiredand Liabilities Assumed Property Plantand Equipment Acquired In Period BusinessCombinationRecognizedIdentifiableAssetsAcquiredandLiabilitiesAssumedPropertyPlantandEquipmentAcquiredInPeriod	4374000	usd
	afin	Business Combination Recognized Identifiable Assets Acquiredand Liabilities Assumed Property Plantand Equipment Acquired In Period BusinessCombinationRecognizedIdentifiableAssetsAcquiredandLiabilitiesAssumedPropertyPlantandEquipmentAcquiredInPeriod	865992000	usd
	afin	Business Combination Recognized Identifiable Assets Acquiredand Liabilities Assumed Tangible Assets Acquired During Period BusinessCombinationRecognizedIdentifiableAssetsAcquiredandLiabilitiesAssumedTangibleAssetsAcquiredDuringPeriod	4374000	usd
	afin	Business Combination Recognized Identifiable Assets Acquiredand Liabilities Assumed Tangible Assets Acquired During Period BusinessCombinationRecognizedIdentifiableAssetsAcquiredandLiabilitiesAssumedTangibleAssetsAcquiredDuringPeriod	1168470000	usd
	afin	Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Finite Lived Intangible Assets And Liabilities Acquired During The Period BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedFiniteLivedIntangibleAssetsAndLiabilitiesAcquiredDuringThePeriod	5535000	usd
	afin	Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Finite Lived Intangible Assets And Liabilities Acquired During The Period BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedFiniteLivedIntangibleAssetsAndLiabilitiesAcquiredDuringThePeriod	183078000	usd
CY2023Q2	afin	Business Combination Consideration Transferred Mortgages Assumed Unamortized Discount BusinessCombinationConsiderationTransferredMortgagesAssumedUnamortizedDiscount	276000	usd
CY2023Q2	afin	Business Combination Recognized Identifiable Assets Acquiredand Liabilities Assumed Mortgage Notes Payable BusinessCombinationRecognizedIdentifiableAssetsAcquiredandLiabilitiesAssumedMortgageNotesPayable	0	usd
CY2022Q2	afin	Business Combination Recognized Identifiable Assets Acquiredand Liabilities Assumed Mortgage Notes Payable BusinessCombinationRecognizedIdentifiableAssetsAcquiredandLiabilitiesAssumedMortgageNotesPayable	312246000	usd
CY2023Q2	afin	Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Temporary Equity BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedTemporaryEquity	0	usd
CY2022Q2	afin	Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Temporary Equity BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedTemporaryEquity	49965000	usd
CY2023Q2	afin	Business Combination Recognized Identifiable Asset Acquired And Liability Assumed Deposit BusinessCombinationRecognizedIdentifiableAssetAcquiredAndLiabilityAssumedDeposit	0	usd
CY2022Q2	afin	Business Combination Recognized Identifiable Asset Acquired And Liability Assumed Deposit BusinessCombinationRecognizedIdentifiableAssetAcquiredAndLiabilityAssumedDeposit	23750000	usd
CY2023Q2	afin	Business Combination Recognized Identifiable Asset Acquired And Liability Assumed Cim Portfolio Acquisition BusinessCombinationRecognizedIdentifiableAssetAcquiredAndLiabilityAssumedCIMPortfolioAcquisition	0	usd
CY2022Q2	afin	Business Combination Recognized Identifiable Asset Acquired And Liability Assumed Cim Portfolio Acquisition BusinessCombinationRecognizedIdentifiableAssetAcquiredAndLiabilityAssumedCIMPortfolioAcquisition	-10840000	usd
CY2023Q2	afin	Business Combination Accrued Estimate Of Settlement With Cim Portfolio Acquisition For Contingent Consideration And Other Claims BusinessCombinationAccruedEstimateOfSettlementWithCIMPortfolioAcquisitionForContingentConsiderationAndOtherClaims	-4374000	usd
CY2022Q2	afin	Business Combination Accrued Estimate Of Settlement With Cim Portfolio Acquisition For Contingent Consideration And Other Claims BusinessCombinationAccruedEstimateOfSettlementWithCIMPortfolioAcquisitionForContingentConsiderationAndOtherClaims	0	usd
	us-gaap	Business Combination Consideration Transferred1 BusinessCombinationConsiderationTransferred1	12260000	usd
	us-gaap	Business Combination Consideration Transferred1 BusinessCombinationConsiderationTransferred1	954747000	usd
	afin	Number Of Assets Acquired NumberOfAssetsAcquired	0	property
	afin	Number Of Assets Acquired NumberOfAssetsAcquired	11	property
CY2022	us-gaap	Asset Acquisition Consideration Transferred Contingent Consideration AssetAcquisitionConsiderationTransferredContingentConsideration	6700000	usd
	afin	Business Combination Recognized Identifiable Assets Acquiredand Liabilities Assumed Property Plantand Equipment Acquired In Period BusinessCombinationRecognizedIdentifiableAssetsAcquiredandLiabilitiesAssumedPropertyPlantandEquipmentAcquiredInPeriod	4400000	usd
CY2022	afin	Security Deposit Asset Acquisition SecurityDepositAssetAcquisition	0	usd
	afin	Security Deposit Asset Acquisition SecurityDepositAssetAcquisition	0	usd
CY2023Q2	us-gaap	Gains Losses On Sales Of Investment Real Estate GainsLossesOnSalesOfInvestmentRealEstate	5500000	usd
CY2022Q2	us-gaap	Gains Losses On Sales Of Investment Real Estate GainsLossesOnSalesOfInvestmentRealEstate	13400000	usd
	us-gaap	Gains Losses On Sales Of Investment Real Estate GainsLossesOnSalesOfInvestmentRealEstate	67000000	usd
CY2022Q2	us-gaap	Impairment Of Real Estate ImpairmentOfRealEstate	58954000	usd
	us-gaap	Impairment Of Real Estate ImpairmentOfRealEstate	64896000	usd
CY2023Q2	afin	Debt Prepayment Costs DebtPrepaymentCosts	-500000	usd
	afin	Debt Prepayment Costs DebtPrepaymentCosts	900000	usd
CY2023Q2	us-gaap	Long Term Debt Maturities Repayments Of Principal In Year Two LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo	706777000	usd
CY2023Q2	us-gaap	Long Term Debt Maturities Repayments Of Principal In Year Three LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree	720334000	usd
CY2023Q2	us-gaap	Long Term Debt Maturities Repayments Of Principal In Year Four LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour	611000	usd
CY2023Q2	us-gaap	Long Term Debt Maturities Repayments Of Principal In Year Five LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive	832206000	usd
CY2023Q2	us-gaap	Long Term Debt Maturities Repayments Of Principal After Year Five LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive	263236000	usd
CY2023Q2	us-gaap	Debt Instrument Carrying Amount DebtInstrumentCarryingAmount	2684897000	usd
CY2023Q2	afin	Number Of Impaired Real Estate Investments Held For Sale NumberOfImpairedRealEstateInvestmentsHeldForSale	0	investment
CY2022Q4	afin	Number Of Impaired Real Estate Investments Held For Sale NumberOfImpairedRealEstateInvestmentsHeldForSale	0	investment
CY2023Q2	us-gaap	Embedded Derivative Gain Loss On Embedded Derivative Net EmbeddedDerivativeGainLossOnEmbeddedDerivativeNet	2300000	usd
CY2023Q2	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	50000000	shares
CY2020Q2	afin	Sale Of Stock Maximum Ownership Percentage Without Significant Penalty SaleOfStockMaximumOwnershipPercentageWithoutSignificantPenalty	0.049
CY2020Q2	afin	Sale Of Stock Maximum Ownership Percentage Without Significant Penalty SaleOfStockMaximumOwnershipPercentageWithoutSignificantPenalty	0.049
CY2020Q2	afin	Sale Of Stock Maximum Ownership Percentage Without Significant Penalty SaleOfStockMaximumOwnershipPercentageWithoutSignificantPenalty	0.049
CY2023Q2	afin	Limited Liability Company Llc Or Limited Partnership Lp Members Or Limited Partners Ownership Interest Units LimitedLiabilityCompanyLlcOrLimitedPartnershipLpMembersOrLimitedPartnersOwnershipInterestUnits	172921	shares
CY2023Q2	us-gaap	Minority Interest MinorityInterest	28815000	usd
CY2022Q4	us-gaap	Minority Interest MinorityInterest	22637000	usd
CY2023Q2	us-gaap	Operating Lease Right Of Use Asset OperatingLeaseRightOfUseAsset	17600000	usd
CY2023Q2	us-gaap	Operating Lease Liability OperatingLeaseLiability	19100000	usd
CY2023Q2	us-gaap	Lessee Operating Lease Liability Payments Remainder Of Fiscal Year LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear	844000	usd
CY2023Q2	us-gaap	Lessee Operating Lease Liability Payments Due Next Twelve Months LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths	1560000	usd
CY2023Q2	us-gaap	Lessee Operating Lease Liability Payments Due Year Two LesseeOperatingLeaseLiabilityPaymentsDueYearTwo	1598000	usd
CY2023Q2	us-gaap	Lessee Operating Lease Liability Payments Due Year Three LesseeOperatingLeaseLiabilityPaymentsDueYearThree	1628000	usd
CY2023Q2	us-gaap	Lessee Operating Lease Liability Payments Due Year Four LesseeOperatingLeaseLiabilityPaymentsDueYearFour	1647000	usd
CY2023Q2	afin	Lessee Operating Lease Liability To Be Paid After Year Four LesseeOperatingLeaseLiabilityToBePaidAfterYearFour	41083000	usd
CY2023Q2	us-gaap	Lessee Operating Lease Liability Payments Due LesseeOperatingLeaseLiabilityPaymentsDue	48360000	usd
CY2023Q2	us-gaap	Lessee Operating Lease Liability Undiscounted Excess Amount LesseeOperatingLeaseLiabilityUndiscountedExcessAmount	29272000	usd
CY2023Q2	us-gaap	Operating Lease Liability OperatingLeaseLiability	19088000	usd
	us-gaap	Legal Fees LegalFees	100000	usd
	us-gaap	Legal Fees LegalFees	0	usd
CY2022Q2	us-gaap	Legal Fees LegalFees	0	usd
	us-gaap	Insurance Recoveries InsuranceRecoveries	0	usd
	us-gaap	Insurance Recoveries InsuranceRecoveries	0	usd
CY2022Q2	us-gaap	Insurance Recoveries InsuranceRecoveries	0	usd
CY2023Q2	us-gaap	Insurance Recoveries InsuranceRecoveries	0	usd
	us-gaap	Investment Company Excess Expense Reimbursable InvestmentCompanyExcessExpenseReimbursable	8800000	usd
	afin	Related Party Transaction Advisory Agreement Termination Notice Period RelatedPartyTransactionAdvisoryAgreementTerminationNoticePeriod	P60D
CY2023Q2	us-gaap	Lessor Operating Lease Term Of Contract LessorOperatingLeaseTermOfContract	P1Y
	afin	Related Party Transaction Termination Periodin Violationof Agreement RelatedPartyTransactionTerminationPeriodinViolationofAgreement	P60D
	afin	Related Party Transaction Percentage Of Gross Rental Receipts To Calculate Management Fee RelatedPartyTransactionPercentageOfGrossRentalReceiptsToCalculateManagementFee	0.040
	afin	Related Party Transaction Percentage Of Gross Rental Receipts To Calculate Administrative Charge RelatedPartyTransactionPercentageOfGrossRentalReceiptsToCalculateAdministrativeCharge	0.150
	afin	Related Party Transaction Percentage Of Construction Costs Incurred To Calculate Construction Fee RelatedPartyTransactionPercentageOfConstructionCostsIncurredToCalculateConstructionFee	0.060
CY2018Q3	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Percentage Of Outstanding Stock Maximum ShareBasedCompensationArrangementByShareBasedPaymentAwardPercentageOfOutstandingStockMaximum	0.100
	afin	Percentage Of Aggregate Distributions That Is Subject To Priority Catch Up Distribution On Each Earned Share Based Arrangement Unit PercentageOfAggregateDistributionsThatISSubjectToPriorityCatchUpDistributionOnEachEarnedShareBasedArrangementUnit	0.90
	afin	Share Based Payment Arrangement Converted Instrument Rate ShareBasedPaymentArrangementConvertedInstrumentRate	1
CY2023Q2	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	-53468000	usd
CY2022Q2	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	-56259000	usd
	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	-72225000	usd
	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	-16325000	usd
CY2023Q2	us-gaap	Dilutive Securities DilutiveSecurities	-326000	usd
CY2022Q2	us-gaap	Dilutive Securities DilutiveSecurities	-309000	usd
	us-gaap	Dilutive Securities DilutiveSecurities	-652000	usd
	us-gaap	Dilutive Securities DilutiveSecurities	-617000	usd
CY2023Q2	us-gaap	Net Income Loss Available To Common Stockholders Diluted NetIncomeLossAvailableToCommonStockholdersDiluted	-53794000	usd
CY2022Q2	us-gaap	Net Income Loss Available To Common Stockholders Diluted NetIncomeLossAvailableToCommonStockholdersDiluted	-56568000	usd
	us-gaap	Net Income Loss Available To Common Stockholders Diluted NetIncomeLossAvailableToCommonStockholdersDiluted	-72877000	usd
	us-gaap	Net Income Loss Available To Common Stockholders Diluted NetIncomeLossAvailableToCommonStockholdersDiluted	-16942000	usd
CY2023Q2	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	133800130	shares
CY2023Q2	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	133800130	shares
CY2022Q2	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	132629704	shares
CY2022Q2	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	132629704	shares
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	133758112	shares
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	133758112	shares
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	130646294	shares
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	130646294	shares
CY2023Q2	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	133800130	shares
CY2022Q2	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	132629704	shares
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	133758112	shares
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	130646294	shares
CY2023Q2	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-0.40
CY2023Q2	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-0.40
CY2022Q2	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-0.43
CY2022Q2	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-0.43
	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-0.54
	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-0.54
	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-0.13
	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-0.13
CY2023Q2	us-gaap	Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount	9165099	shares
CY2022Q2	us-gaap	Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount	9281771	shares
	us-gaap	Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount	9187038	shares
	us-gaap	Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount	9203256	shares
CY2022Q2	afin	Limited Liability Company Llc Or Limited Partnership Lp Members Or Limited Partners Ownership Interest Units LimitedLiabilityCompanyLlcOrLimitedPartnershipLpMembersOrLimitedPartnersOwnershipInterestUnits	172921	shares
CY2023Q2	afin	Limited Liability Company Llc Or Limited Partnership Lp Members Or Limited Partners Ownership Interest Units LimitedLiabilityCompanyLlcOrLimitedPartnershipLpMembersOrLimitedPartnersOwnershipInterestUnits	172921	shares
	us-gaap	Number Of Reportable Segments NumberOfReportableSegments	2	segment
	us-gaap	Number Of Reportable Segments NumberOfReportableSegments	2	segment
CY2023Q2	us-gaap	Revenues Revenues	106700000	usd
CY2022Q2	us-gaap	Revenues Revenues	116929000	usd
CY2023Q2	us-gaap	Other General Expense OtherGeneralExpense	25082000	usd
CY2022Q2	us-gaap	Other General Expense OtherGeneralExpense	27520000	usd
CY2023Q2	afin	Segment Net Operating Income Loss SegmentNetOperatingIncomeLoss	81618000	usd
CY2022Q2	afin	Segment Net Operating Income Loss SegmentNetOperatingIncomeLoss	89409000	usd
CY2023Q2	us-gaap	Impairment Of Real Estate ImpairmentOfRealEstate	0	usd
CY2022Q2	us-gaap	Impairment Of Real Estate ImpairmentOfRealEstate	58954000	usd
CY2023Q2	us-gaap	Business Combination Acquisition Related Costs BusinessCombinationAcquisitionRelatedCosts	4931000	usd
CY2022Q2	us-gaap	Business Combination Acquisition Related Costs BusinessCombinationAcquisitionRelatedCosts	206000	usd
CY2023Q2	us-gaap	Allocated Share Based Compensation Expense AllocatedShareBasedCompensationExpense	3519000	usd
CY2022Q2	us-gaap	Allocated Share Based Compensation Expense AllocatedShareBasedCompensationExpense	3523000	usd
CY2023Q2	afin	Settlement Costs SettlementCosts	8800000	usd
CY2022Q2	afin	Settlement Costs SettlementCosts	0	usd
CY2023Q2	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	14744000	usd
CY2022Q2	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	8390000	usd
CY2023Q2	us-gaap	Depreciation And Amortization DepreciationAndAmortization	59466000	usd
CY2022Q2	us-gaap	Depreciation And Amortization DepreciationAndAmortization	46573000	usd
CY2023Q2	us-gaap	Gains Losses On Sales Of Investment Real Estate GainsLossesOnSalesOfInvestmentRealEstate	5471000	usd
CY2022Q2	us-gaap	Gains Losses On Sales Of Investment Real Estate GainsLossesOnSalesOfInvestmentRealEstate	13438000	usd
CY2023Q2	us-gaap	Interest Expense InterestExpense	35945000	usd
CY2022Q2	us-gaap	Interest Expense InterestExpense	28329000	usd
CY2023Q2	us-gaap	Other Nonoperating Income OtherNonoperatingIncome	596000	usd
CY2022Q2	us-gaap	Other Nonoperating Income OtherNonoperatingIncome	944000	usd
CY2023Q2	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	-61000	usd
CY2022Q2	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	-58000	usd
CY2023Q2	us-gaap	Preferred Stock Dividends Income Statement Impact PreferredStockDividendsIncomeStatementImpact	5837000	usd
CY2022Q2	us-gaap	Preferred Stock Dividends Income Statement Impact PreferredStockDividendsIncomeStatementImpact	5837000	usd
CY2023Q2	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	-53468000	usd
CY2022Q2	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	-56259000	usd
	us-gaap	Impairment Of Real Estate ImpairmentOfRealEstate	0	usd
	us-gaap	Impairment Of Real Estate ImpairmentOfRealEstate	64896000	usd
	us-gaap	Business Combination Acquisition Related Costs BusinessCombinationAcquisitionRelatedCosts	5496000	usd
	us-gaap	Business Combination Acquisition Related Costs BusinessCombinationAcquisitionRelatedCosts	485000	usd
	afin	Settlement Costs SettlementCosts	8800000	usd
	afin	Settlement Costs SettlementCosts	0	usd
	us-gaap	Allocated Share Based Compensation Expense AllocatedShareBasedCompensationExpense	7086000	usd
	us-gaap	Allocated Share Based Compensation Expense AllocatedShareBasedCompensationExpense	7021000	usd
	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	25236000	usd
	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	15223000	usd
	us-gaap	Depreciation And Amortization DepreciationAndAmortization	113648000	usd
	us-gaap	Depreciation And Amortization DepreciationAndAmortization	84261000	usd
	us-gaap	Gains Losses On Sales Of Investment Real Estate GainsLossesOnSalesOfInvestmentRealEstate	17263000	usd
	us-gaap	Gains Losses On Sales Of Investment Real Estate GainsLossesOnSalesOfInvestmentRealEstate	67007000	usd
	us-gaap	Interest Expense InterestExpense	70620000	usd
	us-gaap	Interest Expense InterestExpense	52069000	usd
	us-gaap	Other Nonoperating Income OtherNonoperatingIncome	623000	usd
	us-gaap	Other Nonoperating Income OtherNonoperatingIncome	962000	usd
	us-gaap	Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet	0	usd
	us-gaap	Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet	2250000	usd
	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	-78000	usd
	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	6000	usd
	us-gaap	Preferred Stock Dividends Income Statement Impact PreferredStockDividendsIncomeStatementImpact	11674000	usd
	us-gaap	Preferred Stock Dividends Income Statement Impact PreferredStockDividendsIncomeStatementImpact	11674000	usd
	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	-72225000	usd
	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	-16325000	usd
CY2023Q2	us-gaap	Real Estate Investment Property Net RealEstateInvestmentPropertyNet	4082678000	usd
CY2022Q4	us-gaap	Real Estate Investment Property Net RealEstateInvestmentPropertyNet	4323363000	usd
CY2023Q2	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	59172000	usd
CY2022Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	70795000	usd
CY2023Q2	us-gaap	Restricted Cash And Cash Equivalents RestrictedCashAndCashEquivalents	23373000	usd
CY2022Q4	us-gaap	Restricted Cash And Cash Equivalents RestrictedCashAndCashEquivalents	17956000	usd
CY2023Q2	us-gaap	Deferred Costs Current And Noncurrent DeferredCostsCurrentAndNoncurrent	25050000	usd
CY2022Q4	us-gaap	Deferred Costs Current And Noncurrent DeferredCostsCurrentAndNoncurrent	22893000	usd
CY2023Q2	us-gaap	Deferred Rent Receivables Net DeferredRentReceivablesNet	59890000	usd
CY2022Q4	us-gaap	Deferred Rent Receivables Net DeferredRentReceivablesNet	66657000	usd
CY2023Q2	us-gaap	Operating Lease Right Of Use Asset OperatingLeaseRightOfUseAsset	17587000	usd
CY2022Q4	us-gaap	Operating Lease Right Of Use Asset OperatingLeaseRightOfUseAsset	17839000	usd
CY2023Q2	us-gaap	Prepaid Expense And Other Assets PrepaidExpenseAndOtherAssets	67510000	usd
CY2022Q4	us-gaap	Prepaid Expense And Other Assets PrepaidExpenseAndOtherAssets	66551000	usd
CY2023Q2	us-gaap	Assets Assets	4335260000	usd
CY2022Q4	us-gaap	Assets Assets	4586054000	usd
CY2022	afin	Accrued Capital Expenditures AccruedCapitalExpenditures	6400000	usd

Files In Submission

Name	View Source	Status
0001568162-23-000025-index-headers.html	Edgar Link	pending
0001568162-23-000025-index.html	Edgar Link	pending
0001568162-23-000025.txt	Edgar Link	pending
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afin-20230630.htm	Edgar Link	pending
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afin-20230630_cal.xml	Edgar Link	unprocessable
afin-20230630_pre.xml	Edgar Link	unprocessable

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Necessity Retail REIT, Inc.

2023 Q3 Form 10-Q Financial Statement

#000156816223000025 Filed on August 03, 2023

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission