|Bid||7.25 x 800|
|Ask||0.00 x 1800|
|Day's Range||7.72 - 7.98|
|52 Week Range||4.20 - 13.66|
|Beta (5Y Monthly)||1.37|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||0.85 (10.91%)|
|Ex-Dividend Date||Jan 08, 2021|
|1y Target Est||N/A|
American Finance Trust, Inc. (Nasdaq: AFIN) ("AFIN" or the "Company") announced today that it collected 95% of the original cash rent due for the fourth quarter of 2020 as of January 5, 2021, including 98% of the original cash rent due in the Company's single-tenant portfolio. The Company also announced that it had acquired 35 properties for $61.3 million1 during the fourth quarter. Fourth quarter acquisitions consisted primarily of necessity retail assets and the acquisitions had a weighted-average cap rate2 of 9.2% and a weighted average remaining lease term3 of 9.4 years.
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 common stock holders of record on the record date for such payment.
American Finance Trust, Inc. (Nasdaq: AFIN) ("AFIN" or the "Company") announced today the successful closing of its previously announced public offering of 7.375% Series C Cumulative Redeemable Perpetual Preferred Stock (the "Series C Preferred Stock"). 3,535,700 shares were issued at the closing (including 335,700 shares from the underwriters' exercise of their overallotment option to purchase additional shares). The Series C Preferred Stock will trade on the Nasdaq under the ticker symbol AFINO and has a $25.00 liquidation preference per share. The Company intends to use the net proceeds from this offering for general corporate purposes, which may include purchases of additional properties.