American Finance Trust, Inc. [Ticker Symbol has Changed] | REIT Profile

Symbol: AFIN new symbol: RTL
CIK: 1568162
Exchange: NASDAQ
Founded: 2013
HQ: New York, NY, United States
Type of REIT: Equity REIT
Listing Status: Public
Market Capitalization: Small-Cap
REIT Sector: Retail, Industrial, Office
Externally Managed REIT

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About American Finance Trust, Inc. [Ticker Symbol has Changed]

American Finance Trust, Inc. ("AFIN") is designed to protect shareholder capital and provide attractive, stable cash distributions. AFIN currently seeks to achieve these objectives through the acquisition and management of a diversified portfolio of commercial properties which are net leased primarily to investment grade and other creditworthy tenants, as well as a portfolio of stabilized core retail properties, consisting primarily of power centers and lifestyle centers.


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Latest Price High Low Open Close Previous Close Volume Change $ Change % Market Cap PE Ratio 52W High 52W Low Ytd Change
$8.24 N/A N/A N/A N/A $8.26 548,405 -$0.02 -0.24% $1,017,693,346 N/A $9.72 $7.46 -7.65%

Last update: 2022-02-14 12:55:22 PST

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Properties Owned by AFIN


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Sample of REIT’s Properties. Image Source - REIT’s website

Related Information


Material Source Description
AMERICAN FINANCE TRUST CLOSES ON FIRST TRANCHE OF PREVIOUSLY ANNOUNCED $1.3 BILLION OPEN-AIR SHOPPING CENTER ACQUISITION, CHANGES NAME TO THE NECESSITY RETAIL REIT "WHERE AMERICA SHOPS", TO BEGIN TRADING AS RTL ON NASDAQ (2022-02-14) PRNewswire NEW YORK, Feb. 14, 2022 /PRNewswire/ -- American Finance Trust, Inc. (Nasdaq: AFIN) ("AFIN" or the "Company") announced today that the Company, through its operating partnership, completed the initial acquisition of 44 open-air shopping centers for a total of $547 Million, excluding closing costs (the "Closing"). The Closing is the first tranche of acquisitions from the previously announced definitive agreement to acquire a portfolio of 79 Power, Anchored and Grocery Centers and two single tenant properties (the "Transaction") from certain subsidiaries of CIM Real Estate Finance Trust, Inc. for $1.3 billion, representing a 7.19% cash capitalization rate. The Company expects to acquire the remaining properties in the Transaction by the end of the first quarter, 2022. Upon completing the Transaction, the Company will be the preeminent REIT focused on Necessity-Based retail with a best-in-class portfolio that will comprise over 1,000 properties, 29 million square feet and $382 million in Pro-Forma1 annualized straight-line rent.

Last updated: 2022-08-09 - v3.4