American Finance Trust
Market Cap
US$853.7m
Last Updated
2020/11/25 00:18 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. More Details
Rewards
Risk Analysis
Currently unprofitable and not forecast to become profitable over the next 3 years
Snowflake Analysis
Fair value with mediocre balance sheet.
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 is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 9% a week.
Volatility Over Time: AFIN's weekly volatility (9%) has been stable over the past year.
Market Performance
7 Day Return
14.7%
AFIN
-1.6%
US REITs
1.8%
US Market
1 Year Return
-43.1%
AFIN
-8.0%
US REITs
20.4%
US Market
Return vs Industry: AFIN underperformed the US REITs industry which returned -8% over the past year.
Return vs Market: AFIN underperformed the US Market which returned 20.4% over the past year.
Shareholder returns
| AFIN | Industry | Market | |
|---|---|---|---|
| 7 Day | 14.7% | -1.6% | 1.8% |
| 30 Day | 36.7% | 5.2% | 6.0% |
| 90 Day | 25.0% | 4.6% | 6.8% |
| 1 Year | -37.8%-43.1% | -4.1%-8.0% | 23.2%20.4% |
| 3 Year | n/a | 18.7%4.6% | 47.4%37.6% |
| 5 Year | n/a | 46.3%17.0% | 91.9%70.8% |
Long-Term 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 month ago | Simply Wall St
What Kind Of Investors Own Most Of American Finance Trust, Inc. (NASDAQ:AFIN)?3 months ago | Simply Wall St
A Look At American Finance Trust's (NASDAQ:AFIN) Share Price Returns4 months ago | Simply Wall St
Should You Take Comfort From Insider Transactions At American Finance Trust, Inc. (NASDAQ:AFIN)?Valuation
Is American Finance Trust undervalued compared to its fair value and its price relative to the market?
>50%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: AFIN ($8.41) is trading below our estimate of fair value ($16.97)
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 US 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 (0.6x) compared to the US REITs industry average (1.6x).
Next Steps
Future Growth
How is American Finance Trust forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?
16.7%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: AFIN is forecast to remain unprofitable over the next 3 years.
Earnings vs Market: AFIN is forecast to remain unprofitable over the next 3 years.
High Growth Earnings: AFIN is forecast to remain unprofitable over the next 3 years.
Revenue vs Market: AFIN's revenue (8.6% per year) is forecast to grow slower than the US market (10.2% per year).
High Growth Revenue: AFIN's revenue (8.6% 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?
2.7%
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, but has reduced losses over the past 5 years at a rate of 2.7% 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 (2%).
Return on Equity
High ROE: AFIN has a negative Return on Equity (-1.77%), as it is currently unprofitable.
Next Steps
Financial Health
How is American Finance Trust's financial position?
Financial Position Analysis
Short Term Liabilities: AFIN's short term assets ($190.1M) exceed its short term liabilities ($40.0M).
Long Term Liabilities: AFIN's short term assets ($190.1M) do not cover its long term liabilities ($1.9B).
Debt to Equity History and Analysis
Debt Level: AFIN's debt to equity ratio (111.5%) is considered high.
Reducing Debt: AFIN's debt to equity ratio has increased from 94.8% to 111.5% over the past 5 years.
Balance Sheet
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, even with free cash flow being positive and shrinking by 0.4% per year.
Next Steps
Dividend
What is American Finance Trust current dividend yield, its reliability and sustainability?
10.11%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: AFIN's dividend (10.11%) is higher than the bottom 25% of dividend payers in the US market (1.46%).
High Dividend: AFIN's dividend (10.11%) is in the top 25% of dividend payers in the US market (4.05%)
Stability and Growth of Payments
Stable Dividend: AFIN has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: AFIN has only been paying a dividend for 2 years, and since then payments have fallen.
Current Payout to Shareholders
Dividend Coverage: With its high payout ratio (127.1%), 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 covered by earnings (78.3% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
3.8yrs
Average board tenure
CEO
Mike Weil (53 yo)
5yrs
Tenure
US$27,664
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 Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman | 5yrs | US$27.66k | 0.061% $ 523.4k | |
| Independent Director | 3.75yrs | US$217.23k | 0.058% $ 498.2k | |
| Independent Director | 7.58yrs | US$232.68k | 0.051% $ 436.1k | |
| Independent Director | 3.75yrs | US$207.23k | 0.053% $ 451.1k | |
| Lead Independent Director | 2.67yrs | US$322.55k | 0.16% $ 1.3m |
3.8yrs
Average Tenure
69yo
Average Age
Experienced Board: AFIN's board of directors are considered experienced (3.8 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
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$853.669m
- Market Cap: US$911.950m
- Shares outstanding: 108.61m
- Website: https://www.americanfinancetrust.com
Location
- American Finance Trust, Inc.
- 650 Fifth Avenue
- 30th Floor
- New York
- New York
- 10019
- 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 |
| 3FG | DB (Deutsche Boerse AG) | Yes | Class A Common Stock | DE | EUR | 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 | 2020/11/25 00:18 |
| End of Day Share Price | 2020/11/24 00:00 |
| Earnings | 2020/09/30 |
| Annual Earnings | 2019/12/31 |
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.