American Finance Trust, Inc. (AFIN)
AFIN Price and Sentiment
AFIN Latest news
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.
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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.
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%.
iShares iBoxx $ High Yield Corporate Bond ETF now yields about 3.2%. That is a tiny yield to jump headfirst into junk.
NEW YORK, Sept. 24, 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.
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.
2021 has presented new challenges tied to old ones from 2020. The Government's choices will impact the economy and our day-to-day lives.
American Finance Trust: 7.375% Shares Are Still Attractive Thanks To Superior Dividend And Asset Coverage Ratio2021-09-11 11:45
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.