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Earnings
American Finance Trust reports Q1 AFFO 23c, consensus 24c » 17:17
05/06/20
05/06
17:17
05/06/20
17:17
AFIN

American Finance Trust

$6.92 /

-0.1 (-1.42%)

Reports Q1 revenue…

Reports Q1 revenue $74.6M, consensus $75.45M. CEO Michael Weil commented, "Our Q1 results highlight the strong momentum we had coming into this year. Going forward, we continue to have a high degree of confidence in our long-term outlook, reflecting the resilience and capabilities of our team and the financial strength of our portfolio. I am proud of the focused effort and proactive communications we took in early March to create direct dialog with our tenants in response to the unprecedented COVID-19 pandemic. This led to tremendous success, as we collected over 79% of the rents due in April during the month, including 97% of the rent payable from the top 20 tenants in our portfolio."

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AFIN American Finance Trust
$6.92 /

-0.1 (-1.42%)

03/26/20 B. Riley FBR
American Finance Trust upgraded to Buy from Neutral at B. Riley FBR
09/26/19 DA Davidson
American Finance Trust initiated with a Neutral at DA Davidson
09/26/19 DA Davidson
American Finance Trust initiated with a Neutral at DA Davidson
09/16/19
Fly Intel: Top five analyst initiations
Over a month ago
Hot Stocks
American Finance Trust adopts short-term stockholder rights plan » 16:19
04/13/20
04/13
16:19
04/13/20
16:19
AFIN

American Finance Trust

$6.77 /

-0.16 (-2.31%)

American Finance…

American Finance Trust's board has approved a short-term stockholder rights plan to protect the long-term interests of the company, due to the substantial volatility in the trading of its Class A common stock resulting from the COVID-19 pandemic. AFIN's Plan is designed to reduce the likelihood that any person or group would gain control of AFIN through open market accumulation of stock by imposing significant penalties upon any person or group that acquires 4.9% or more of the outstanding shares of the Common Stock without the approval of the Board. The rights will initially trade with Common Stock and will generally only become exercisable on the 10th business day after the Board becomes aware that a person or entity has become the owner of 4.9% or more of the shares of Common Stock or the commencement of a tender or exchange offer which would result in the offeror becoming an owner of 4.9% or more of the Common Stock. The Plan expires on April 12 unless the Plan is amended or the Rights are earlier exercised, exchanged or redeemed.

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AFIN American Finance Trust
$6.77 /

-0.16 (-2.31%)

03/26/20 B. Riley FBR
American Finance Trust upgraded to Buy from Neutral at B. Riley FBR
09/26/19 DA Davidson
American Finance Trust initiated with a Neutral at DA Davidson
09/26/19 DA Davidson
American Finance Trust initiated with a Neutral at DA Davidson
09/16/19
Fly Intel: Top five analyst initiations
Hot Stocks
American Finance Trust cuts dividend due to COVID-19 impact » 12:42
03/30/20
03/30
12:42
03/30/20
12:42
AFIN

American Finance Trust

$6.61 /

-0.47 (-6.64%)

American Finance Trust…

American Finance Trust announced that its board approved a reduction in the company's annualized dividend to 85c per share from $1.10 per share due to the uncertain and rapidly changing environment caused by the COVID-19 virus. The company pays dividends monthly, and the change will go into effect for the dividend which the company anticipates declaring in April 2020. This is expected to generate $6.8M of cash savings per quarter, which the company expects to use to fortify its balance sheet and to capitalize on attractive acquisition opportunities currently in the market.

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AFIN American Finance Trust
$6.61 /

-0.47 (-6.64%)

03/26/20 B. Riley FBR
American Finance Trust upgraded to Buy from Neutral at B. Riley FBR
09/26/19 DA Davidson
American Finance Trust initiated with a Neutral at DA Davidson
09/26/19 DA Davidson
American Finance Trust initiated with a Neutral at DA Davidson
09/16/19
Fly Intel: Top five analyst initiations
Upgrade
American Finance Trust upgraded to Buy from Neutral at B. Riley FBR » 08:37
03/26/20
03/26
08:37
03/26/20
08:37
AFIN

American Finance Trust

$6.95 /

-0.51 (-6.84%)

B. Riley FBR analyst…

B. Riley FBR analyst Bryan Maher upgraded American Finance Trust to Buy from Neutral with a price target of $11, down from $13. The analyst cites valuation for the upgrade following the stock's 37% decline over the past three weeks. American Finance has a service retail component, which includes 15.9% of annualized rental income coming from restaurants. However, many of these restaurants are quick serve, which generally remain open despite COVID-19, Maher tells investors in a research note. The analyst adds that the company's portfolio was 94.6% leased at the end of 2019, with 82.0% of the single-tenant base is investment grade rated, or implied investment grade.

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AFIN American Finance Trust
$6.95 /

-0.51 (-6.84%)

09/26/19 DA Davidson
American Finance Trust initiated with a Neutral at DA Davidson
09/26/19 DA Davidson
American Finance Trust initiated with a Neutral at DA Davidson
09/16/19
Fly Intel: Top five analyst initiations
09/16/19 B. Riley FBR
American Finance Trust initiated with a Neutral at B. Riley FBR
Hot Stocks
American Finance Trust issues statement regarding COVID-19 pandemic » 06:06
03/19/20
03/19
06:06
03/19/20
06:06
AFIN

American Finance Trust

$4.80 /

-0.56 (-10.45%)

American Finance Trust…

American Finance Trust issued the following statement regarding the on-going COVID-19 pandemic. "As we're all focused on the health of the country, we wanted to provide a corporate update to our shareholders. While we are doing our part to be responsible global corporate citizens, we remain confident and believe that our business is in good order and that our tenants are strong. We continue to see accretive opportunities for new acquisitions and refinancings at historically low interest rates... The backbone to our Company's success is the strength of our portfolio. We have tirelessly worked towards increasing the underlying tenant creditworthiness of our portfolio to help insulate the Company during times of uncertainty and increase the stability of rental income. As of December 31, 2019, the top ten tenants in our portfolio are 100% actual or implied investment grade rated1, an increase from 82% at the same time a year ago. 82% of our single tenant portfolio, as measured by annualized straight line rent, are actual or implied investment grade which has also increased from 77% at the same time a year ago. We believe strong underlying tenant credits and a healthy balance sheet will support the Company's ability to weather any potential short-term headwinds. Moreover, a significant portion of the Company's portfolio annualized straight-line rent is derived from service-oriented retailers that are in great demand at this current time, including healthcare, gas and convenience, pharmaceutical, discount retail and grocery sectors. Such invaluable names as Stop & Shop, Aldi's, Trader Joe's, Sanofi, Fresenius, DaVita, CVS and Walgreens are substantial tenants of the Company. We also want to reiterate that we have zero exposure to Art Van, a large regional furniture retailer that recently filed for bankruptcy. While equity markets remain volatile, we are working on and continue to explore options to refinance certain pieces of debt to take advantage of the dislocation in the markets. We have daily discussions with our banking partners and believe we will be able to refinance debt at lower rates while extending our debt maturities. AFIN has carefully built a balance sheet with conservative net leverage2 of 39%. Weighted-average maturity for our in-place debt was 3.8 years at year end. While stock markets remain volatile, we're seeing record low treasury yields and Federal Funds rates that continue to create opportunities for us to improve our already fortified balance sheet. Ample Liquidity to Evaluate Acquisitions: We have ample liquidity and continue to seek acquisitions of credit worthy tenants while partnering with developers, private equity firms, franchise operators, owners and brokers as we build on our long-term, accretive relationships. During the current quarter ending March 31, 2020, we have already closed on over $50 million in acquisitions and continue to build a target rich pipeline of future acquisitions.We remain confident in our best-in-class portfolio and the dependability of our diversified rental income. We will continue to take advantage of the current dislocation in the markets as we seek accretive acquisitions opportunities and attractive financing costs. We want to thank our loyal shareholders and wish you and your families good health during this time."

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AFIN American Finance Trust
$4.80 /

-0.56 (-10.45%)

09/26/19 DA Davidson
American Finance Trust initiated with a Neutral at DA Davidson
09/26/19 DA Davidson
American Finance Trust initiated with a Neutral at DA Davidson
09/16/19
Fly Intel: Top five analyst initiations
09/16/19 B. Riley FBR
American Finance Trust initiated with a Neutral at B. Riley FBR
Over a quarter ago
Conference/Events
American Finance Trust management to meet with B. Riley FBR » 04:55
01/22/20
01/22
04:55
01/22/20
04:55
AFIN

American Finance Trust

$13.29 /

+0.07 (+0.53%)

Meeting to be held in New…

Meeting to be held in New York on January 22 hosted by B. Riley FBR.

ShowHide Related Items >><<
AFIN American Finance Trust
$13.29 /

+0.07 (+0.53%)

09/26/19 DA Davidson
American Finance Trust initiated with a Neutral at DA Davidson
09/26/19 DA Davidson
American Finance Trust initiated with a Neutral at DA Davidson
09/16/19
Fly Intel: Top five analyst initiations
09/16/19 B. Riley FBR
American Finance Trust initiated with a Neutral at B. Riley FBR
Conference/Events
American Finance Trust management to meet with B. Riley FBR » 07:16
01/17/20
01/17
07:16
01/17/20
07:16
AFIN

American Finance Trust

$13.19 /

+ (+0.00%)

Meeting to be held in New…

Meeting to be held in New York on January 22 hosted by B. Riley FBR.

ShowHide Related Items >><<
AFIN American Finance Trust
$13.19 /

+ (+0.00%)

09/26/19 DA Davidson
American Finance Trust initiated with a Neutral at DA Davidson
09/26/19 DA Davidson
American Finance Trust initiated with a Neutral at DA Davidson
09/16/19
Fly Intel: Top five analyst initiations
09/16/19 B. Riley FBR
American Finance Trust initiated with a Neutral at B. Riley FBR
Conference/Events
American Finance Trust management to meet with B. Riley FBR » 04:55
12/12/19
12/12
04:55
12/12/19
04:55
AFIN

American Finance Trust

$14.29 /

-0.24 (-1.65%)

Meeting to be held in New…

Meeting to be held in New York on December 12 hosted by B. Riley FBR.

ShowHide Related Items >><<
AFIN American Finance Trust
$14.29 /

-0.24 (-1.65%)

09/26/19 DA Davidson
American Finance Trust initiated with a Neutral at DA Davidson
09/26/19 DA Davidson
American Finance Trust initiated with a Neutral at DA Davidson
09/16/19
Fly Intel: Top five analyst initiations
09/16/19 B. Riley FBR
American Finance Trust initiated with a Neutral at B. Riley FBR
Conference/Events
American Finance Trust management to meet with B. Riley FBR » 07:10
12/11/19
12/11
07:10
12/11/19
07:10
AFIN

American Finance Trust

$14.53 /

-0.15 (-1.02%)

Meeting to be held in New…

Meeting to be held in New York on December 12 hosted by B. Riley FBR.

ShowHide Related Items >><<
AFIN American Finance Trust
$14.53 /

-0.15 (-1.02%)

09/26/19 DA Davidson
American Finance Trust initiated with a Neutral at DA Davidson
09/26/19 DA Davidson
American Finance Trust initiated with a Neutral at DA Davidson
09/16/19
Fly Intel: Top five analyst initiations
09/16/19 B. Riley FBR
American Finance Trust initiated with a Neutral at B. Riley FBR
Conference/Events
American Finance Trust management to meet with DA Davidson » 06:47
11/21/19
11/21
06:47
11/21/19
06:47
AFIN

American Finance Trust

$14.82 /

-0.21 (-1.40%)

Meeting to be held in the…

Meeting to be held in the Midwest area on November 21 hosted by DA Davidson.

ShowHide Related Items >><<
AFIN American Finance Trust
$14.82 /

-0.21 (-1.40%)

09/26/19 DA Davidson
American Finance Trust initiated with a Neutral at DA Davidson
09/26/19 DA Davidson
American Finance Trust initiated with a Neutral at DA Davidson
09/16/19
Fly Intel: Top five analyst initiations
09/16/19 B. Riley FBR
American Finance Trust initiated with a Neutral at B. Riley FBR

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