American Fin Tr Inc - Ordinary Shares - Class A

Necessity Retail REIT, Inc. is a real estate investment trust, which engages in the acquiring and managing a portfolio of primarily service-oriented and traditional retail and distribution related commercial real estate properties. It operates through income-producing properties segment, which consists of activities related to investing in real estate. The company was founded on January 22, 2013 and is headquartered in New York, NY.

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The Necessity Retail REIT is a  real estate investment. The company concentrates on acquiring and maintaining a diverse portfolio of commercial real estate facilities, primarily situated in the neighborhood, that are generally service-oriented and traditional retail and distribution-related. Single-tenant properties and multi-tenant properties make up its two business segments. Assets include a portfolio of multi-tenant retail buildings, primarily power centers, and lifestyle centers, as well as standalone single-tenant properties and other creditworthy tenants.

NEW YORK, Feb. 14, 2022 /PRNewswire/ -- American Finance Trust, Inc. (Nasdaq: AFIN) ("AFIN" or the "Company") announced today that the Company, through its operating partnership, completed the initial acquisition of 44 open-air shopping centers for a total of $547 Million, excluding closing costs (the "Closing"). The Closing is the first tranche of acquisitions from the previously announced definitive agreement to acquire a portfolio of 79 Power, Anchored and Grocery Centers and two single tenant properties (the "Transaction") from certain subsidiaries of CIM Real Estate Finance Trust, Inc. for $1.3 billion, representing a 7.19% cash capitalization rate.

AMERICAN FINANCE TRUST CLOSES ON FIRST TRANCHE OF PREVIOUSLY ANNOUNCED $1.3 BILLION OPEN-AIR SHOPPING CENTER ACQUISITION, CHANGES NAME TO THE NECESSITY RETAIL REIT "WHERE AMERICA SHOPS", TO BEGIN TRADING AS RTL ON NASDAQ

NEW YORK, Feb. 1, 2022 /PRNewswire/ -- American Finance Trust, Inc. (Nasdaq: AFIN) ("AFIN" or the "Company") announced today it will release its financial results for the fourth quarter and year ended December 31, 2021 on Wednesday, February 23, 2022 after the close of trading on the Nasdaq. The Company will host a conference call and audio webcast on Thursday, February 24, 2022, beginning at 11:00 a.m.

AMERICAN FINANCE TRUST ANNOUNCES RELEASE DATE FOR FOURTH QUARTER AND FULL YEAR 2021 RESULTS

NEW YORK, Jan. 18, 2022 /PRNewswire/ -- American Finance Trust, Inc. (Nasdaq: AFIN) ("AFIN" or the "Company") announced today that a replay of a podcast interview with Michael Weil, CEO of the Company, is now available on the Company's website (www.americanfinancetrust.com) and directly at the link below: https://www.reit.com/news/podcasts/american-finance-trust-strengthens-commitment-brick-and-mortar-retail  About American Finance Trust, Inc. soon to be rebranded The Necessity Retail REIT Where America Shops American Finance Trust, Inc. (Nasdaq: AFIN) is a publicly traded real estate investment trust listed on Nasdaq focused on acquiring and managing a diversified portfolio of primarily service-oriented and traditional retail and distribution related commercial real estate properties in the U.S. Additional information about AFIN can be found on its website at www.americanfinancetrust.com . Important Notice The statements in this press release that are not historical facts may be forward-looking statements.

AMERICAN FINANCE TRUST CEO DISCUSSES BRICK & MORTAR RETAIL ON NAREIT'S REIT REPORT PODCAST

NEW YORK, Jan. 11, 2022 /PRNewswire/ -- American Finance Trust, Inc. (Nasdaq: AFIN) ("AFIN" or the "Company") announced today that it acquired 69 retail properties for a total of $179.9 million 1 during the year ended December 31, 2021, based on contract purchase price. The Company also announced that leases at nine properties in its single tenant portfolio were extended during 2021, adding approximately $7.2 million in net straight-line rent over the new lease terms.

AMERICAN FINANCE TRUST COMPLETES $180 MILLION IN ACQUISITIONS, 1.7 MILLION SQUARE FEET OF NEW OR RENEWED LEASING IN 2021

NEW YORK, Jan. 7, 2022 /PRNewswire/ -- On January 6, 2022, American Finance Trust, Inc. (Nasdaq: AFIN) ("AFIN" or the "Company") completed the previously announced disposition of its non-core portfolio of three office buildings leased to Sanofi S.A. for $261 million (the "Sanofi Sale"), representing a 6.38% cash capitalization rate1 and a $10 million increase from its original purchase price.

AMERICAN FINANCE TRUST COMPLETES PREVIOUSLY ANNOUNCED $261 MILLION SALE OF OFFICE BUILDINGS, REDUCING OFFICE EXPOSURE TO 1%

NEW YORK, Jan. 3, 2022 /PRNewswire/ -- American Finance Trust, Inc. (Nasdaq: AFIN/ AFINP / AFINO) ("AFIN") announced today that it intends to continue to pay dividends on its shares of Class A common stock at an annualized rate of $0.85 per share or $0.2125 per share on a quarterly basis. AFIN anticipates paying dividends authorized by its board of directors on its shares of Class A common stock on a quarterly basis in arrears on the 15th day of the first month following the end of each fiscal quarter (unless otherwise specified) to Class A common stock holders of record on the record date for such payment.

American Finance Trust Announces Common Stock Dividend for First Quarter 2022

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U.S. equity markets rebounded to fresh record-highs heading into the Christmas holiday after governments in the U.S. and U.K. showed restraint in instituting more severe economic restrictions amid the recent COVID reacceleration. Bouncing back from an Omicron-driven sell-off and ending the week at fresh record highs, the S&P 500 rallied 2.3% on the week while Mid-Caps and Small-Caps each gained nearly 3%.

The Gift That Keeps On Giving

NEW YORK, Dec. 22, 2021 /PRNewswire/ -- American Finance Trust, Inc. (Nasdaq: AFIN/ AFINP / AFINO) ("AFIN") announced today that it intends to continue to pay dividends on a quarterly basis on its 7.50% Series A Cumulative Redeemable Perpetual Preferred Stock (the "Series A Preferred Stock") at an annualized rate of $1.875 per share or $0.46875 per share on a quarterly basis.  Dividends on the Series A Preferred Stock are payable in arrears to Series A Preferred Stock holders of record at the close of business on the applicable record date and payable on the 15th day of the first month of each fiscal quarter (or, if not a business day, the next succeeding business day).

American Finance Trust Announces Preferred Stock Dividends

PHOENIX--(BUSINESS WIRE)--CIM Real Estate Finance Trust agrees to sell all its shopping centers to American Finance Trust, Inc. (“AFIN,” NASDAQ: AFIN)

CIM Real Estate Finance Trust, Inc. to Sell Non-Core, Multi-Tenant Retail Properties for More Than $1.32 Billion

NEW YORK, Dec. 20, 2021 /PRNewswire/ -- American Finance Trust, Inc. (Nasdaq: AFIN) ("AFIN" or the "Company") announced today that the Company, through its Operating Partnership, entered into a definitive agreement to acquire a portfolio of 81 Multi-tenant Power, Anchored and Grocery Centers2 (the "Transaction") from certain subsidiaries of CIM Real Estate Finance Trust, Inc. for $1.3 billion, representing a 7.19% cash capitalization rate3. The Company also announced that it entered into a definitive agreement to dispose of a non-core portfolio of three office buildings leased to Sanofi S.A.

AMERICAN FINANCE TRUST TO ACQUIRE A $1.3 BILLION PORTFOLIO OF POWER, ANCHORED AND GROCERY CENTERS

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Despite a wave of dividend hikes and robust external growth, net lease REITs have been among the weakest-performing property sectors this year amid concerns over soaring inflation and rising interest rates. Despite their reputation as bond substitutes, net lease REITs have historically delivered above-average earnings growth as accretive external growth has more than offset the drag from muted property-level growth.

Net Lease REITs: Analyzing Inflation Risk

American Finance Trust is taking advantage of its $200M At The Market equity offering program. The REIT is printing common shares which put the brakes on the per-share FFO and AFFO performance.

American Finance Trust: The ATM Program Rapidly Increases The Share Count

We last covered American Finance Trust and told you why we thought the preferred shares had merit.

American Finance Trust: A Good Risk-Reward Setup

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The Net Lease REIT Report For Q3 2021: Ramping Up Acquisition Volume

American Finance Trust, Inc. (AFIN) CEO Michael Weil on Q3 2021 Results - Earnings Call Transcript

American Finance Trust (AFIN) delivered FFO and revenue surprises of 30.43% and 9.36%, respectively, for the quarter ended September 2021. Do the numbers hold clues to what lies ahead for the stock?

American Finance Trust (AFIN) Tops Q3 FFO and Revenue Estimates

NEW YORK, Nov. 3, 2021 /PRNewswire/ -- American Finance Trust, Inc. (Nasdaq: AFIN) ("AFIN" or the "Company"), a real estate investment trust focused on acquiring and managing a diversified portfolio of primarily service-oriented and traditional retail and distribution related commercial real estate properties in the U.S., announced today its financial and operating results for the third quarter ended September 30, 2021. Third Quarter 2021 Highlights          Revenue grew 17.1% to $91.9 million from $78.5 million for the third quarter 2020, inclusive of a $10.4 million lease buyout fee for 12 leases with Truist Bank Net loss attributable to common stockholders was $6.4 million as compared to $7.1 million for the third quarter 2020 Cash net operating income ("NOI") grew 37.9% to $75.7 million from $54.9 million for the third quarter 2020 Funds from Operations ("FFO") of $30.3 million, or $0.25 per diluted share increased from $25.6 million, or $0.24 per diluted share, for the third quarter 2020 Adjusted Funds from Operations ("AFFO") grew 41.4% to $36.0 million 1 from $25.5 million, or 30.4% to $0.30 per share from $0.23 per diluted share, in the prior year third quarter Dividends of $25.2 million or $0.21 per share Improved Net Debt to adjusted earnings before interest, taxes, depreciation and amortization ("Adjusted EBITDA") to 6.8x 2 Enhanced balance sheet, with weighted average interest rate of 3.6%, compared to 3.8% and 89.7% of debt fixed-rate versus 83.4% a year ago Collected approximately 100% of original cash rent in third quarter 2021, including 100% in single tenant portfolio, 100% in the multi-tenant portfolio, and 100% among the top 20 tenants3,4 Multi-tenant Executed Occupancy5 and Leasing Pipeline6 are expected to add $2.1 million of annualized straight-line rent and 141,000 square feet to the portfolio over time as executed leases commence Completed $86.5 million 7 of acquisitions with a cash capitalization rate8 of 8.58% and a weighted average capitalization rate9 of 8.79% Completed 25 multi-tenant lease renewals with a weighted-average new lease term of 5 years High quality portfolio with 58% of tenants in single-tenant portfolio10 and 66% of the top 20 tenants portfolio-wide rated as investment grade or implied investment grade11 Annual rent escalators12 with a weighted-average of 1.2% per year provide contractually embedded rent growth "Our third quarter results reflect the ongoing success of the last year, as we continue to execute on our initiatives to grow earnings and optimize our balance sheet," said Michael Weil, CEO of AFIN.

American Finance Trust Announces Third Quarter 2021 Results

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We're at the halfway point of another newsworthy real estate earnings season with roughly 75 REITs reporting third quarter results. We discuss the highlights and major developments thus far.

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Whitestone has no moat. We see much better opportunities in higher-quality, dividend-growing REITs. No moat for American Finance either. This one is simply a value trap, so don't get fooled by its 9.9% yield.

All Tricks, No Treats; Avoid These 3 REITs

NEW YORK, Oct. 20, 2021 /PRNewswire/ -- American Finance Trust, Inc. (Nasdaq: AFIN) ("AFIN" or the "Company") announced today it will release its financial results for the third quarter ended September 30, 2021 on Wednesday, November 3, 2021 after the close of trading on the Nasdaq. The Company will host a conference call and audio webcast on Thursday, November 4, 2021, beginning at 11:00 a.m.

American Finance Trust Announces Release Date For Third Quarter 2021 Results

NEW YORK, Oct. 8, 2021 /PRNewswire/ -- American Finance Trust, Inc. (Nasdaq: AFIN) ("AFIN" or the "Company") announced today that on October 7, 2021, the Company successfully completed its previously announced $500 million senior unsecured note offering (the "Notes") due 2028. The Notes will have an effective interest rate of 4.50% and mature on September 30, 2028.

American Finance Trust Announces Successful Completion Of $500 Million Senior Unsecured Note Offering With BB+ Credit Rating From S&P And Fitch

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NEW YORK, Oct. 4, 2021 /PRNewswire/ -- American Finance Trust, Inc. (Nasdaq: AFIN) ("AFIN" or the "Company") announced today that the Company amended and restated its existing $540 million unsecured revolving credit facility and increased the size to $815 million (the "Credit Facility").  The Credit Facility matures in 4.5 years, has two 6-month extension options, and has a margin that is 15 basis points lower than the prior facility.

American Finance Trust Completes $815 Million Credit Facility Recast, Upsized From Previous $540 Million Credit Facility

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U.S. equity markets delivered their worst week since February - and worst month since the pandemic began - amid heightened concerns over potential stagflation, supply chain issues, and political dysfunction. Large-cap equities felt the brunt of the pressure this past week as S&P 500 slipped 2.2% while the tech-heavy Nasdaq dipped 3.6%. Mid-Caps declined 0.5% while Small Caps gained 0.9%.

September Slump, October Opportunity

NEW YORK, Oct. 1, 2021 /PRNewswire/ -- American Finance Trust, Inc. (Nasdaq: AFIN/ AFINP / AFINO) ("AFIN") announced today that it intends to continue to pay dividends on its shares of Class A common stock at an annualized rate of $0.85 per share or $0.2125 per share on a quarterly basis. AFIN anticipates paying dividends authorized by its board of directors on its shares of Class A common stock on a quarterly basis in arrears on the 15th day of the first month following the end of each fiscal quarter (unless otherwise specified) to Class A common stock holders of record on the record date for such payment.

American Finance Trust Announces Common Stock Dividend for Fourth Quarter 2021

News for American Fin Tr Inc - Ordinary Shares - Class A Stock (AFIN)