American Finance Trust, Inc. (AFIN)
AFIN Price and Sentiment
AFIN Latest news
Right now, net lease REITs are stuck below all-time highs and underperforming because we are in a high inflation/rising rates environment. Soon enough, however, we should return to a low inflation/low rates environment, which is ideally suited for net lease REITs.
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?
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 f
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.
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.
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 Successful Completion Of $500 Million Senior Unsecured Note Offering With BB+ Credit Rating From S&P And Fitch2021-10-08 06:00
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.
Our appeal for net-lease REITs is correlated to intense WACC spreads and strong growth profiles. Some of them should be clear winners should Delta concerns continue to linger.
American Finance Trust Completes $815 Million Credit Facility Recast, Upsized From Previous $540 Million Credit Facility2021-10-04 06:00
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.