American Finance Trust, Inc.
NASDAQ Global SelectCapital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- CEO
- Edward Michael Weil Jr.
- Sector
- Real Estate
- Industry
- REIT - Diversified
- Address
- 650 Fifth Avenue New York City NY United States of America 10019
- IPO Date
- Mar 22, 2019
- CIK
- 0001568162
- Website
- americanfinancetrust.com
- Similar Companies
- Business
- American Finance Trust, Inc. operates as a publicly traded real estate investment trust (REIT) specializing in acquiring and managing a diversified portfolio of commercial real estate properties across the United States. The company’s core assets include necessity-based retail centers, power centers, grocery-anchored shopping centers, and mission-critical industrial and distribution properties. It focuses primarily on properties that are net leased to investment-grade and creditworthy tenants, emphasizing stable, long-term cash flow from service-oriented and essential retail tenants such as supermarkets, discount retailers, quick-service restaurants, and sporting goods stores. The portfolio is characterized by retail and distribution-related commercial real estate, with a strategic emphasis on necessity retail sectors that are resilient to economic cycles. Founded in 2005 and headquartered in New York, American Finance Trust operates through its subsidiary, American Finance Operating Partnership, L.P. Over the past one to two years, the company has undergone significant strategic shifts, including a major portfolio acquisition valued at approximately $1.3 billion consisting of 81 retail centers, expanding its focus on grocery and power retail centers. This acquisition aligns with its pivot toward necessity retail and reinforces partnerships with leading tenants including Walmart and Publix. The company also reduced its exposure to office assets from 7% to 1%, emphasizing a streamlined portfolio that enhances cash flow stability and operational focus on essential retail segments. Recent corporate developments include a rebranding strategy to position American Finance Trust as a premier necessity retail REIT, trading under the Nasdaq ticker AFINP. The company raised capital through offerings like the 7.50% Series A Cumulative Redeemable Perpetual Preferred Stock and continued to optimize its portfolio by divesting non-core office assets and acquiring high-performing retail shopping centers. The strategic focus on pandemic-resilient retail assets and the strengthening of investment-grade tenant relationships are central to its operational and growth strategy. American Finance Trust targets institutional investors seeking exposure to high-quality retail real estate with a defensive investment profile. Its portfolio, predominantly located in the United States, leverages long-term leases and high occupancy levels to generate stable and predictable revenue streams. The company’s consistent operational and capital management initiatives underscore its commitment to delivering attractive risk-adjusted returns to shareholders. In summary, American Finance Trust, Inc. is a New York-headquartered REIT concentrating on necessity retail and industrial net-leased assets, operating primarily in the U.S. It offers a comprehensive product portfolio including grocery-anchored centers, power centers, and essential retail properties, with recent strategic actions focusing on portfolio expansion through a $1.3 billion acquisition of retail centers, significant divestment of office holdings, capital market activities with preferred stock offerings, and a rebranding to emphasize its necessity retail market leadership.
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