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, Sept. 30, 2021 /PRNewswire/ -- American Finance Trust, Inc. ("AFIN" or the "Company") (Nasdaq: AFIN) today announced that the Company and American Finance Operating Partnership, L.P.

American Finance Trust, Inc. Announces Pricing of $500 Million of Senior Notes

NEW YORK, Sept. 27, 2021 /PRNewswire/ -- American Finance Trust, Inc. ("AFIN" or the "Company") (Nasdaq: AFIN) today announced that the Company and American Finance Operating Partnership, L.P.

American Finance Trust, Inc. Announces Proposed Offering of $400 Million of Senior Notes

American Fin Tr Inc - 7.50% PRF PERPETUAL USD 25 - Ser A

American Finance Trust is a triple net REIT offering a high dividend yield. The preferred shares though have a very large buffer from an asset coverage and FFO coverage.

American Finance: Preferred Shares Offer Good Buffer For Rising Rates

American Finance Trust's preferred shares are in good shape thanks to AFIN's strong balance sheet and FFO. AFIN continues to sell its own shares (and preferred shares) on the market, which further boosts the equity side of its balance sheet.

American Finance Trust: 7.375% Shares Are Still Attractive Thanks To Superior Dividend And Asset Coverage Ratio

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American Finance Trust's (AFIN) CEO Michael Weil on Q2 2021 Results - Earnings Call Transcript

American Finance Trust (AFIN) delivered FFO and revenue surprises of 18.18% and 0.40%, respectively, for the quarter ended June 2021. Do the numbers hold clues to what lies ahead for the stock?

American Finance Trust (AFIN) Surpasses Q2 FFO and Revenue Estimates

NEW YORK, Aug. 4, 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 second quarter ended June 30, 2021. Second Quarter 2021 and Subsequent Event Highlights Revenue grew 8.9% to $81.6 million from $74.9 million for the second quarter 2020 Net loss attributable to common stockholders was $7.4 million as compared to $21.8 million for the second quarter 2020 Cash net operating income ("NOI") grew 19.7% to $65.4 million from $54.7 million for the second quarter 2020 Funds from Operations ("FFO") of $25.1 million, or $0.23 per diluted share increased from $22.2 million, or $0.21 per diluted share, for the second quarter 2020 Adjusted Funds from Operations ("AFFO") grew 35.4% to $28.7 million or $0.26 per share from $21.2 million, or $0.20 per diluted share, in the prior year second quarter Dividends of $23.1 million or $0.21 per share Improved Net Debt to adjusted earnings before interest, taxes, depreciation and amortization ("Adjusted EBITDA") to 7.4x from 8.7x in the same prior year quarter and 8.3x last quarter1 Enhanced balance sheet, with weighted average interest rate of 3.7%, compared to 3.8%, weighted-average debt maturity of 5.3 years up from 3.3 years and 91.4% of debt fixed-rate versus 72.3% a year ago Completed issuance of $240 million investment-grade rated ABS notes with a 2.9% weighted-average interest rate and 9.0 year term2 Collected approximately 100% of original cash rent in second 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 $2.7 million of annualized straight-line rent and 174,000 square feet to the portfolio over time as executed leases commence Executed Occupancy and Leasing Pipeline are expected to increase multi-tenant occupancy to 89.1% over time, exceeding Executed Occupancy of 86.2% reported as of June 30, 2020, assuming no other changes Total year-to-date closed and pipeline acquisitions of $196.7 million 7 with a cash capitalization rate8 of 7.6% and a weighted average capitalization rate9 of 8.4% High quality portfolio with 61% of tenants in single-tenant portfolio10 and 70% 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 Second Quarter results highlight the strength, predictability and performance of our best-in-class service-retail oriented portfolio and the result of our focus on constructing an investment-grade balance sheet," said Michael Weil, CEO of AFIN.

American Finance Trust Announces Second Quarter 2021 Results

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Our High Yield Portfolio Positioned To Grow Dividends At A 10% CAGR For Next 5 Years

NEW YORK, July 12, 2021 /PRNewswire/ -- American Finance Trust, Inc. (Nasdaq: AFIN) ("AFIN" or the "Company") announced today it will release its financial results for the second quarter ended June 30, 2021 on Wednesday, August 4, 2021 after the close of trading on the Nasdaq. The Company will host a conference call and audio webcast on Thursday, August 5, 2021, beginning at 11:00 a.m.

American Finance Trust Announces Release Date For Second Quarter 2021 Results

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NEW YORK, July 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 Third Quarter 2021

REIT prices have soared over the last year, which has left some investors feeling like they missed out on taking advantage of last year's low prices. Luckily, there are a handful of high-dividend REITs that have been overlooked and are still priced at a discount.

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Most net lease REITs have experienced massive stock price gains over the last several quarters, returning to pre-covid highs. AFIN remains an exception.

American Finance Trust's Stable And Covered 9% Dividend Yield Trounces Realty Income

NEW YORK, June 8, 2021 /PRNewswire/ -- American Finance Trust, Inc. (Nasdaq: AFIN) ("AFIN" or the "Company") announced today that it collected 100% of the original cash rent due1 for the months of April and May, 2021 as of June 7, 2021. The Company also announced that year to date it had closed on or had in its forward acquisition pipeline 63 properties for approximately $238 million and that it has a forward pipeline of leases that total over 31,000 square feet, net of lease expirations and terminations.

American Finance Trust Announces 100% Of Second Quarter Cash Rent Collected Through May; $238 Million Year To Date Acquisitions Closed Or In Pipeline; Robust Leasing Results

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I make my living by successfully avoiding “shiny new toys” – and advising others to do the same. I've become the poster child for calling out “sucker yields.”.

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NEW YORK, June 4, 2021 /PRNewswire/ -- American Finance Trust, Inc. (Nasdaq: AFIN) ("AFIN" or the "Company") announced today that it has issued $240 million of long-term fixed-rate notes designated as AFIN's Net-Lease Mortgage Notes, Series 2021-1. The net proceeds from the sale of the notes will be used primarily to repay certain indebtedness, including a $74 million loan at 5.50% interest.

American Finance Trust Closes $240 Million Securitization at Weighted-Average Interest Rate of 2.88%, Loan Term of 8.9 Years Includes $150 Million of AAA Rated Notes

American Finance Trust, Inc. (AFIN) CEO Michael Weil on Q1 2021 Results - Earnings Call Transcript

American Finance Trust (AFIN) delivered FFO and revenue surprises of 0.00% and -0.43%, respectively, for the quarter ended March 2021. Do the numbers hold clues to what lies ahead for the stock?

American Finance Trust (AFIN) Q1 FFO Meet Estimates

NEW YORK, May 5, 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 first quarter ended March 31, 2021. First Quarter 2021 and Subsequent Event Highlights                  Revenue grew 6.2% to $79.2 million from $74.6 million for the first quarter 2020 Net loss attributable to common stockholders was $9.4 million as compared to $9.2 million for the first quarter 2020 Cash net operating income ("NOI") grew 6.9% to $63.1 million from $59.0 million for the first quarter 2020 Funds from Operations ("FFO") of $22.6 million, or $0.21 per diluted share compared to $23.7 million, or $0.22 per diluted share, for the first quarter 2020 Adjusted Funds from Operations ("AFFO") grew to $25.5 million or $0.24 per share from $25.2 million, or $0.23 per diluted share, in the prior year first quarter Dividends of $23.0 million or $0.21 per share Collected approximately 100% of original cash rent in first quarter 2021, including 100% in single tenant portfolio, 99% in the multi-tenant portfolio, and 100% among the top 20 tenants1,2 Portfolio Occupancy of 94.9%, up from 93.9% in fourth quarter 2020 Multi-tenant Executed Occupancy3 and Leasing Pipeline4 are expected to add $1.6 million of annual rent and 122,000 square feet to the portfolio over time as executed leases commence Executed Occupancy and Leasing Pipeline are expected to increase multi-tenant occupancy to 88.2% over time, exceeding Executed Occupancy of 87.3% reported as of March 31, 2020, assuming no other changes Total year-to-date closed and pipeline acquisitions of $72 million 5 with a cash capitalization rate6 of 7.2% and a weighted average capitalization rate7 of 8.2% High quality portfolio with 61% of tenants in single-tenant portfolio8 and 70% of the top 20 tenants portfolio-wide rated as investment grade or implied investment grade9 Annual rent escalators10 with a weighted-average of 1.3% per year provide contractually embedded rent growth Improved balance sheet year-over-year, with weighted average interest rate of 3.8%, down from 4.2%, weighted-average debt maturity of 4.5 years up from 3.5 years and 82.6% of debt fixed-rate compared to 73.2% a year ago "As the economy continues to recover, we are off to a strong start in 2021.

American Finance Trust Announces First Quarter 2021 Results

If you really want to feel old, think about the shows you used to watch as a kid. As I note in my upcoming book, The Intelligent REIT Investor, when a REIT does start to “go bad,” investors typically have plenty of time to get out.

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NEW YORK, April 23, 2021 /PRNewswire/ -- American Finance Trust, Inc. (Nasdaq: AFIN) ("AFIN" or the "Company") announced today it will release its financial results for the first quarter ended March 31, 2021 on Wednesday, May 5, 2021 after the close of trading on the Nasdaq. The Company will host a conference call and audio webcast on Thursday, May 6, 2021, beginning at 11:00 a.m.

American Finance Trust Announces Release Date For First Quarter 2021 Results

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