American Finance Trust
Market Cap
US$1.5b
Last Updated
2019/12/10 00:35 UTC
Data Sources
Company Financials +
Executive Summary
American Finance Trust, Inc. (Nasdaq: AFIN) is a publicly traded real estate investment trust listed on the Nasdaq focused on acquiring and managing a diversified portfolio of primarily service-oriented and traditional retail and distribution related commercial real estate properties in the U.S.
Rewards
Risk Analysis
Snowflake Analysis
Fair value with moderate growth potential.
Similar Companies
Share Price & News
How has American Finance Trust's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: AFIN has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
0.7%
AFIN
1.0%
US REITs
0.7%
US Market
1 Year Return
8.0%
AFIN
13.0%
US REITs
18.2%
US Market
Return vs Industry: AFIN underperformed the US REITs industry which returned 13% over the past year.
Return vs Market: AFIN underperformed the US Market which returned 18.2% over the past year.
Shareholder returns
| AFIN | Industry | Market | |
|---|---|---|---|
| 7 Day | 0.7% | 1.0% | 0.7% |
| 30 Day | -0.7% | 1.7% | 1.5% |
| 90 Day | 13.0% | 0.8% | 5.0% |
| 1 Year | 18.5%8.0% | 17.8%13.0% | 20.8%18.2% |
| 3 Year | n/a | 34.3%17.5% | 45.2%35.8% |
| 5 Year | n/a | 58.3%25.6% | 71.6%52.7% |
Price Volatility Vs. Market
How volatile is American Finance Trust's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall St
American Finance Trust, Inc. (NASDAQ:AFIN): Are Analysts Optimistic?1 month ago | Simply Wall St
Why You Should Leave American Finance Trust, Inc. (NASDAQ:AFIN)'s Upcoming Dividend On The Shelf1 month ago | Simply Wall St
Does American Finance Trust, Inc. (NASDAQ:AFIN) Have A Place In Your Dividend Stock Portfolio?Valuation
Is American Finance Trust undervalued compared to its fair value and its price relative to the market?
43.3%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: AFIN ($14.66) is trading below our estimate of fair value ($25.87)
Significantly Below Fair Value: AFIN is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: AFIN is unprofitable, so we can't compare its PE Ratio to the REITs industry average.
PE vs Market: AFIN is unprofitable, so we can't compare its PE Ratio to the US market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate AFIN's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: AFIN is good value based on its PB Ratio (0.9x) compared to the US REITs industry average (2x).
Next Steps
Future Growth
How is American Finance Trust forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?
111.3%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: AFIN is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (1.7%).
Earnings vs Market: AFIN is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: AFIN's is expected to become profitable in the next 3 years.
Revenue vs Market: AFIN's revenue (5.9% per year) is forecast to grow slower than the US market (7.4% per year).
High Growth Revenue: AFIN's revenue (5.9% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if AFIN's Return on Equity is forecast to be high in 3 years time
Next Steps
Past Performance
How has American Finance Trust performed over the past 5 years?
-24.7%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: AFIN is currently unprofitable.
Growing Profit Margin: AFIN is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: AFIN is unprofitable, and losses have increased over the past 5 years at a rate of -24.7% per year.
Accelerating Growth: Unable to compare AFIN's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: AFIN is unprofitable, making it difficult to compare its past year earnings growth to the REITs industry (8.3%).
Return on Equity
High ROE: AFIN has a negative Return on Equity (-0.48%), as it is currently unprofitable.
Return on Assets
Return on Capital Employed
Next Steps
Financial Health
How is American Finance Trust's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Balance Sheet
Inventory Level: AFIN has a high level of physical assets or inventory.
Debt Coverage by Assets: AFIN's debt is not covered by short term assets (assets are 0.1x debt).
Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Whilst unprofitable AFIN has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: AFIN is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 6.3% per year.
Financial Institutions Analysis
Asset Level: AFIN's level of assets compared to its equity is low.
Allowance for Bad Loans: Insufficient data to determine if AFIN has a sufficient allowance for bad loans.
Low Risk Liabilities: AFIN reports no customer deposits, loans are made up entirely of externally borrowed funds.
Loan Level: Insufficient data to determine if AFIN has an acceptable proportion of non-loan assets held.
Low Risk Deposits: AFIN has advanced significantly more loans than the customer deposits it holds.
Level of Bad Loans: Insufficient data to determine if AFIN has an appropriate level of bad loans.
Next Steps
Dividend
What is American Finance Trust's current dividend yield, its reliability and sustainability?
7.50%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: AFIN's dividend (7.5%) is higher than the bottom 25% of dividend payers in the US market (1.43%).
High Dividend: AFIN's dividend (7.5%) is in the top 25% of dividend payers in the US market (3.7%)
Stability and Growth of Payments
Stable Dividend: Too early to tell whether AFIN's dividend payments have been stable as they only just started paying a dividend.
Growing Dividend: Too early to tell if AFIN's dividend payments are increasing as they only just started paying a dividend.
Current Payout to Shareholders
Dividend Coverage: With its high payout ratio (113.7%), AFIN's dividend payments are not well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: AFIN's dividends in 3 years are forecast to be thoroughly covered by earnings (0.8% payout ratio).
Next Steps
Management
What is the CEO of American Finance Trust's salary, the management and board of directors tenure and is there insider trading?
2.8yrs
Average board tenure
CEO
Mike Weil (52yo)
4.1yrs
Tenure
US$341,664
Compensation
Mr. Edward Michael Weil, Jr., also known as Mike, has been President and Chief Executive Officer at American Realty Capital Healthcare Trust III, Inc. since September 12, 2018. He has been Chief Executive ...
Board Age and Tenure
2.8yrs
Average Tenure
68yo
Average Age
Experienced Board: AFIN's board of directors are not considered experienced ( 2.8 years average tenure), which suggests a new board.
Insider Trading
Insider Buying: AFIN insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
| Entity | Individual |
| Role | Lead Director Lead Independent Director |
| Shares | 14,310 |
| Max Price | US$13.91 |
| Entity | Individual |
| Role | Lead Director Lead Independent Director |
| Shares | 100,000 |
| Max Price | US$10.52 |
| Entity | Individual |
| Role | Chief Executive Officer Chairman |
| Shares | 1,934 |
| Max Price | US$12.93 |
Ownership Breakdown
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 15.1%.
Management Team
Mike Weil (52yo)
Chairman
- Tenure: 4.1yrs
- Compensation: US$341.66k
Jason Slear
Executive Vice President of Real Estate Acquisitions & Dispositions
- Tenure: 0yrs
Boris Korotkin (48yo)
Senior Vice President of Capital Markets & Corporate Strategy
- Tenure: 0yrs
Katie Kurtz (39yo)
CFO, Secretary & Treasurer
- Tenure: 2.1yrs
Zach Pomerantz
Senior VP of Asset Management
- Tenure: 0yrs
Board Members
Leslie Michelson (68yo)
Independent Director
- Tenure: 2.8yrs
- Compensation: US$565.96k
Stan Perla (75yo)
Independent Director
- Tenure: 6.7yrs
- Compensation: US$562.84k
Ed Rendell (75yo)
Independent Director
- Tenure: 2.8yrs
- Compensation: US$544.96k
Mike Weil (52yo)
Chairman
- Tenure: 4.1yrs
- Compensation: US$341.66k
Lisa Kabnick (63yo)
Lead Independent Director
- Tenure: 1.8yrs
- Compensation: US$619.81k
Company Information
American Finance Trust, Inc.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: American Finance Trust, Inc.
- Ticker: AFIN
- Exchange: NasdaqGS
- Founded: 2013
- Industry: Retail REITs
- Sector: Real Estate
- Implied Market Cap: US$1.540b
- Market Cap: US$1.563b
- Shares outstanding: 106.82m
- Website: https://www.americanfinancetrust.com
Location
- American Finance Trust, Inc.
- 405 Park Avenue
- 3rd Floor
- New York
- New York
- 10022
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| AFIN | NasdaqGS (Nasdaq Global Select) | Yes | Class A Common Stock | US | USD | Jul 2018 |
| AFIN.P | NasdaqGS (Nasdaq Global Select) | 7.50% PFD A | US | USD | Mar 2019 |
Biography
American Finance Trust, Inc. (Nasdaq: AFIN) is a publicly traded real estate investment trust listed on the Nasdaq focused on acquiring and managing a diversified portfolio of primarily service-oriented an ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/12/10 00:35 |
| End of Day Share Price | 2019/12/09 00:00 |
| Earnings | 2019/09/30 |
| Annual Earnings | 2018/12/31 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.