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American Finance Trust

Nasdaq:AFIN
Snowflake Description

Mediocre balance sheet with moderate growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
AFIN
Nasdaq
$2B
Imp Market Cap
  1. Home
  2. US
  3. Real Estate
Company description

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. The last earnings update was 15 days ago. More info.


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AFIN Share Price and Events
7 Day Returns
-1.8%
NasdaqGS:AFIN
1.4%
US REITs
0.5%
US Market
1 Year Returns
6.3%
NasdaqGS:AFIN
15.7%
US REITs
16.1%
US Market
AFIN Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
American Finance Trust (AFIN) -1.8% 0.1% 26.8% 6.3% - -
US REITs 1.4% -2.3% 1.9% 15.7% 22.8% 23.5%
US Market 0.5% 3.9% 6.6% 16.1% 37.7% 43.7%
1 Year Return vs Industry and Market
  • AFIN underperformed the REITs industry which returned 15.7% over the past year.
  • AFIN underperformed the Market in United States of America which returned 16.1% over the past year.
Price Volatility
Industry
5yr Volatility vs Market

Value

 Is American Finance Trust undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of American Finance Trust to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for American Finance Trust.

NasdaqGS:AFIN Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity using Adjusted Funds From Operations
Levered Adjusted Funds From Operations Average of 1 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 8.1%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NasdaqGS:AFIN
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
REITs Unlevered Beta Simply Wall St/ S&P Global 0.47
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.468 (1 + (1- 21%) (103.96%))
0.901
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.9
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (0.901 * 5.96%)
8.1%

Discounted Cash Flow Calculation for NasdaqGS:AFIN using 2 Stage Free Cash Flow to Equity using Adjusted Funds From Operations Model

NasdaqGS:AFIN Discount to Share Price
Calculation Result
Value per share (USD) From above. $23.13
Current discount Discount to share price of $14.73
= -1 x ($14.73 - $23.13) / $23.13
36.3%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price American Finance Trust is available for.
Intrinsic value
36%
Share price is $14.73 vs Future cash flow value of $23.13
Current Discount Checks
For American Finance Trust to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • American Finance Trust's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • American Finance Trust's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for American Finance Trust's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are American Finance Trust's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NasdaqGS:AFIN PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-09-30) in USD $-0.11
NasdaqGS:AFIN Share Price ** NasdaqGS (2019-11-21) in USD $14.73
United States of America REITs Industry PE Ratio Median Figure of 144 Publicly-Listed REITs Companies 38.55x
United States of America Market PE Ratio Median Figure of 2,917 Publicly-Listed Companies 18.02x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of American Finance Trust.

NasdaqGS:AFIN PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqGS:AFIN Share Price ÷ EPS (both in USD)

= 14.73 ÷ -0.11

-132.47x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • American Finance Trust is loss making, we can't compare its value to the US REITs industry average.
  • American Finance Trust is loss making, we can't compare the value of its earnings to the United States of America market.
Price based on expected Growth
Does American Finance Trust's expected growth come at a high price?
Raw Data
NasdaqGS:AFIN PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -132.47x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
111.3%per year
United States of America REITs Industry PEG Ratio Median Figure of 133 Publicly-Listed REITs Companies 2.41x
United States of America Market PEG Ratio Median Figure of 2,043 Publicly-Listed Companies 1.45x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for American Finance Trust, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on American Finance Trust's assets?
Raw Data
NasdaqGS:AFIN PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-09-30) in USD $15.67
NasdaqGS:AFIN Share Price * NasdaqGS (2019-11-21) in USD $14.73
United States of America REITs Industry PB Ratio Median Figure of 183 Publicly-Listed REITs Companies 1.97x
United States of America Market PB Ratio Median Figure of 5,089 Publicly-Listed Companies 1.75x
NasdaqGS:AFIN PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqGS:AFIN Share Price ÷ Book Value per Share (both in USD)

= 14.73 ÷ 15.67

0.94x

* Primary Listing of American Finance Trust.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • American Finance Trust is good value based on assets compared to the US REITs industry average.
X
Value checks
We assess American Finance Trust's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the REITs industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the REITs industry average (and greater than 0)? (1 check)
  5. American Finance Trust has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is American Finance Trust expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
111.3%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is American Finance Trust expected to grow at an attractive rate?
  • American Finance Trust's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • American Finance Trust's earnings growth is expected to exceed the United States of America market average.
  • American Finance Trust's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NasdaqGS:AFIN Future Growth Rates Data Sources
Data Point Source Value (per year)
NasdaqGS:AFIN Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts 111.3%
NasdaqGS:AFIN Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts 5.9%
United States of America REITs Industry Earnings Growth Rate Market Cap Weighted Average 7.1%
United States of America REITs Industry Revenue Growth Rate Market Cap Weighted Average 5.3%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14.3%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.3%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NasdaqGS:AFIN Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NasdaqGS:AFIN Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 339 7 1
2020-12-31 318 -2 1
2019-12-31 300 1 1
2019-11-22
NasdaqGS:AFIN Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-09-30 299 99 -12
2019-06-30 301 90 -36
2019-03-31 293 91 -56
2018-12-31 291 95 -37
2018-09-30 288 101 -43
2018-06-30 283 107 -31
2018-03-31 284 108 -20
2017-12-31 271 92 -46
2017-09-30 243 82 -63
2017-06-30 218 78 -56
2017-03-31 191 62 -59
2016-12-31 178 73 -54

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • American Finance Trust's earnings are expected to grow significantly at over 20% yearly.
  • American Finance Trust's revenue is expected to grow by 5.9% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NasdaqGS:AFIN Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below

All data from American Finance Trust Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:AFIN Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31
2020-12-31
2019-12-31
2019-11-22
NasdaqGS:AFIN Past Financials Data
Date (Data in USD Millions) EPS *
2019-09-30 -0.11
2019-06-30 -0.27
2019-03-31 -0.47
2018-12-31 -0.35
2018-09-30 -0.47
2018-06-30 -0.60
2018-03-31 -0.39
2017-12-31 -0.93
2017-09-30 -1.40
2017-06-30 -1.40
2017-03-31 -1.68
2016-12-31 -1.66

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if American Finance Trust will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess American Finance Trust's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
American Finance Trust has a total score of 3/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has American Finance Trust performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare American Finance Trust's growth in the last year to its industry (REITs).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • American Finance Trust does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare American Finance Trust's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare American Finance Trust's 1-year growth to the US REITs industry average as it is not currently profitable.
Earnings and Revenue History
American Finance Trust's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from American Finance Trust Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:AFIN Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-09-30 298.61 -11.80 36.34
2019-06-30 300.63 -36.11 37.87
2019-03-31 292.63 -56.04 33.59
2018-12-31 291.21 -37.41 29.94
2018-09-30 288.47 -43.27 24.74
2018-06-30 283.31 -31.40 21.40
2018-03-31 283.81 -20.38 21.21
2017-12-31 270.91 -46.49 20.61
2017-09-30 243.40 -62.70 17.40
2017-06-30 218.43 -56.06 15.41
2017-03-31 191.10 -59.12 12.63
2016-12-31 177.67 -54.26 11.17
2016-09-30 177.13 -31.63 12.05
2016-06-30 176.43 -34.33 11.66
2016-03-31 175.42 -31.87 12.75
2015-12-31 174.50 -21.12 11.31
2015-09-30 173.14 -3.32 10.38
2015-06-30 172.32 9.72 8.76
2015-03-31 171.12 12.47 6.86
2014-12-31 158.38 -2.00 6.01
2014-09-30 139.79 -12.26 5.07
2014-06-30 98.66 -30.89 5.26
2014-03-31 56.62 -32.23 3.72
2013-12-31 26.50 -22.69 2.65

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if American Finance Trust has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • American Finance Trust used its assets less efficiently than the US REITs industry average last year based on Return on Assets.
  • It is difficult to establish if American Finance Trust improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess American Finance Trust's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the REITs industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
American Finance Trust has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is American Finance Trust's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up American Finance Trust's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • American Finance Trust is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • American Finance Trust's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of American Finance Trust's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.1x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from American Finance Trust Company Filings, last reported 1 month ago.

NasdaqGS:AFIN Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-09-30 1,685.65 1,627.55 76.84
2019-06-30 1,601.85 1,571.18 91.17
2019-03-31 1,607.83 1,617.91 108.04
2018-12-31 1,609.74 1,521.34 91.45
2018-09-30 1,641.05 1,472.84 60.49
2018-06-30 1,679.95 1,356.89 58.88
2018-03-31 1,717.59 1,363.01 71.33
2017-12-31 1,741.06 1,398.43 107.69
2017-09-30 1,782.55 1,354.84 68.54
2017-06-30 1,826.66 1,308.12 56.08
2017-03-31 1,853.25 1,353.06 44.59
2016-12-31 984.87 1,032.96 131.22
2016-09-30 1,047.74 1,034.02 143.39
2016-06-30 1,075.82 1,034.68 148.99
2016-03-31 1,094.06 1,048.44 130.79
2015-12-31 1,126.75 1,048.47 130.50
2015-09-30 1,202.99 1,140.84 171.92
2015-06-30 1,237.69 910.97 95.73
2015-03-31 1,252.58 913.08 94.63
2014-12-31 1,265.17 915.18 74.76
2014-09-30 1,269.64 917.31 55.55
2014-06-30 1,284.38 919.57 25.01
2014-03-31 1,295.38 793.49 17.85
2013-12-31 1,311.81 9.16 101.18
  • American Finance Trust's level of debt (96.6%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (72.3% vs 96.6% today).
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.

  • Whilst loss making American Finance Trust has sufficient cash runway for more than 3 years if it maintains the current positive free cash flow level.
  • Whilst loss making American Finance Trust has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by -6.3% per year.
X
Financial health checks
We assess American Finance Trust's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. American Finance Trust has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is American Finance Trust's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
7.47%
Current annual income from American Finance Trust dividends. Estimated to be 7.47% next year.
If you bought $2,000 of American Finance Trust shares you are expected to receive $149 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • American Finance Trust's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.43%).
  • American Finance Trust's dividend is above the markets top 25% of dividend payers in United States of America (3.65%).
Upcoming dividend payment

Purchase American Finance Trust before the 'Ex-dividend' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NasdaqGS:AFIN Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
United States of America REITs Industry Average Dividend Yield Market Cap Weighted Average of 175 Stocks 3.7%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 1954 Stocks 2.3%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NasdaqGS:AFIN Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 1.10 1.00
2020-12-31 1.10 1.00
2019-12-31 1.10 1.00
2019-11-22
NasdaqGS:AFIN Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-10-01 1.100 7.602
2019-07-01 1.100 9.068
2019-04-01 1.100 10.571
2019-01-02 1.100 9.346
2018-11-06 1.100 8.182
2018-08-09 0.000 0.000

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • It is too early to tell whether American Finance Trust has stable dividend payments.
  • American Finance Trust only just started paying a dividend, it is too early to tell if payments are increasing.
Current Payout to shareholders
What portion of American Finance Trust's earnings are paid to the shareholders as a dividend.
  • Dividends paid are not well covered by earnings (0.9x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be thoroughly covered by earnings (118.1x coverage).
X
Income/ dividend checks
We assess American Finance Trust's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can American Finance Trust afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. American Finance Trust has a total score of 3/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of American Finance Trust's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Mike Weil
COMPENSATION $341,664
AGE 52
TENURE AS CEO 4 years
CEO Bio

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 Officer and President at Healthcare Trust, Inc. since September 12, 2018. He has been Executive Chairman, Chief Executive Officer and President of American Finance Trust, Inc. since November 20, 2015. Mr. Weil has been the Chief Executive Officer at Realty Capital Securities, since December 2010. Mr. Weil serves as the President and Chief Operating Officer at AR Capital, LLC. He had been the Chief Executive Officer and President of American Realty Capital Daily Net Asset Value Trust, Inc. since December 30, 2015. He serves as Chief Executive Officer, President and Chairman of the Board of Directors at American Realty Capital - Retail Centers of America, Inc. and previously served as its Executive Vice President and Secretary. He served as Chief Executive Officer of RCS Capital Corporation until November 17, 2015. Prior to being appointed Chief Executive Officer, he served as President, Treasurer, Secretary and Director of RCS Capital. Mr. Weil served as the President, Chief Operating Officer and Treasurer at American Realty Capital Global Trust, Inc., and served as its Secretary since July 2011 and previously served as its Executive Vice President since July 2011. Mr. Weil served as Secretary and Treasurer at New York REIT, Inc. since March 2012. He served as the Chief Executive Officer and President at American Energy Capital Partners GP, LLC, from October 2013 to November 24, 2014. Mr. Weil served as the President and Secretary at American Realty Capital Healthcare Trust, Inc. and served as its Chief Operating Officer. He served as the President, Chief Operating Officer, Treasurer and Secretary at American Realty Capital Trust V, Inc. from January 2013 to November 13, 2014. Mr. Weil served as the President, Chief Operating Officer and Treasurer at American Realty Capital Daily Net Asset Value Trust, Inc., from March 1, 2012 to August 20, 2014 and its Secretary until August 20, 2014. Mr. Weil has been Executive Chairman of American Realty Capital Healthcare Trust III, Inc. since November 20, 2015. He served as the President, Treasurer and Secretary of American Realty Capital Healthcare Trust III, Inc. until November 12, 2014. Mr. Weil served as the President at New York REIT, Inc., from March 2012 to March 2014 and its Chief Operating Officer. He served as the President, Chief Operating Officer, Treasurer and Secretary at American Realty Capital Trust IV, Inc., from February 2012 to January 3, 2014. Mr. Weil served as Executive Vice President at American Realty Capital Global Trust, Inc., since July 2011. Mr. Weil served as an Executive Vice President at American Realty Capital Properties, Inc. since December 2010 and served as its Chief Operating Officer since March 1, 2012. He served as Executive Vice President at New York REIT, Inc. He served as the President, Chief Operating Officer and Treasurer at American Realty Capital Trust III, Inc. since March 1, 2012 until February 28, 2013 and its Secretary and Executive Vice President, from October 2010 to February 28. 2013. He served as Executive Vice President and Secretary at the PE-ARC Advisor since its formation in December 2009. Mr. Weil served as the President and Treasurer at American Realty Capital Properties Inc., from March 1, 2012 to November 26, 2013 and served as its Secretary since December 2010, Chief Operating Officer since March 1, 2012 and Executive Vice President since December 2010. From July 1987 to April 2004, he served as President at Plymouth Pump & Systems Co. From October 2006 to May 2007, Mr. Weil served as Managing Director at Milestone Partners Limited. He served as Secretary and Executive Vice President at American Realty Capital Trust, Inc, from August 2007 to February 2012. Mr. Weil served as an executive officer of Realty Finance Trust, Inc. from November 2012 until January 2013. He has served as chairman of the board of directors of AFIN and as chief executive officer and president of AFIN since November 2015. He served as executive chairman of Global II from November 2015 until December 2016, and previously served as an executive officer of Global II April 2014 until October 2014. Mr. Weil served as Senior Vice President of Sales and Leasing at American Financial Realty Trust (AFR), where he was responsible for the disposition and leasing activity for a 37.3 million square foot portfolio. He served as an Executive Officer of NYRR since October 2009. He has served as an Executive Officer at ARC RCA and the ARC RCA advisor since their formation in July 2010 and May 2010, respectively. He had been the Chairman of American Realty Capital Daily Net Asset Value Trust, Inc. since November 20, 2015. Mr. Weil has served as a director of NYCR since November 2015 and as chief executive officer, president and secretary of NYCR since March 2017. Mr. Weil served as an executive officer of HT III American Realty Capital Healthcare Trust III in April 2014 until November 2014. Mr. Weil served as an executive officer of AFIN from January 2013 to November 2014. Mr. Weil served as a director of GNL from May 2012 until September 2014. Mr. Weil served on the board of trustees of United Development Funding Income Fund V (“UDF V”) until October 2014. Mr. Weil was the senior vice president of sales and leasing for American Financial Realty Trust (“AFRT”) from April 2004 to October 2006. Mr. Weil served as a director of VEREIT from March 2012 until June 2014. September 2010 until November 2014, as a director of DNAV from September 2010 until August 2014, and again as an executive officer of DNAV from November 2015 until its dissolution and liquidation in April 2016. Mr. Weil served as chairman of Realty Capital Securities, LLC (“RCS”) from September 2013 until November 2015. Mr. Weil served as a trustee of Realty Capital Income Funds Trust from April 2013 to January 2017. He serves as a Director of Healthcare Trust, Inc. since October 2016. He served as a Director of American Finance Trust, Inc. since January 2013 to September 2014. He has been a Director of American Realty Capital Global Trust, Inc., since May 3, 2012. Mr. Weil has been a Director of American Realty Capital Global Trust, Inc. since May 3, 2012 and Global Net Lease, Inc. since January 3, 2017. He served as a Director at RCS Capital Corporation from February 2013 to December 4, 2015. Mr. Weil served as a Director of American Realty Capital Trust IV, Inc., from February 2012 to January 3, 2014 and American Realty Capital Properties, Inc. from March 1, 2012 to June 24, 2014. He served as a Director of American Realty Capital Trust V, Inc., from January 2013 to November 13, 2014. Mr. Weil served as Director of American Realty Capital Trust III, Inc., from February 3, 2012 to February 28, 2013. He served as President of the Board of Directors of

CEO Compensation
  • Insufficient data for Mike to compare compensation growth.
  • Mike's remuneration is lower than average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the American Finance Trust management team in years:

2
Average Tenure
48
Average Age
  • The tenure for the American Finance Trust management team is about average.
Management Team

Mike Weil

TITLE
Chairman
COMPENSATION
$342K
AGE
52
TENURE
4 yrs

Katie Kurtz

TITLE
CFO, Secretary & Treasurer
AGE
39
TENURE
2 yrs

Kristen Naughton

TITLE
Chief Accounting Officer
TENURE
0.8 yrs

Zach Pomerantz

TITLE
Senior VP of Asset Management

Jason Slear

TITLE
Executive Vice President of Real Estate Acquisitions & Dispositions

Boris Korotkin

TITLE
Senior Vice President of Capital Markets & Corporate Strategy
AGE
48
Board of Directors Tenure

Average tenure and age of the American Finance Trust board of directors in years:

2.8
Average Tenure
68
Average Age
  • The average tenure for the American Finance Trust board of directors is less than 3 years, this suggests a new board.
Board of Directors

Mike Weil

TITLE
Chairman
COMPENSATION
$342K
AGE
52
TENURE
4 yrs

Stan Perla

TITLE
Independent Director
COMPENSATION
$563K
AGE
75
TENURE
6.6 yrs

Lisa Kabnick

TITLE
Lead Independent Director
COMPENSATION
$620K
AGE
63
TENURE
1.7 yrs

Ed Rendell

TITLE
Independent Director
COMPENSATION
$545K
AGE
75
TENURE
2.8 yrs

Leslie Michelson

TITLE
Independent Director
COMPENSATION
$566K
AGE
68
TENURE
2.8 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by American Finance Trust individual insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
02. Oct 19 Buy Lisa Kabnick Individual 30. Sep 19 30. Sep 19 14,310 $13.91 $199,052
15. May 19 Buy Lisa Kabnick Individual 13. May 19 14. May 19 100,000 $10.52 $1,042,789
14. Jan 19 Buy Edward Weil Individual 11. Jan 19 11. Jan 19 1,934 $12.93 $25,007
X
Management checks
We assess American Finance Trust's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. American Finance Trust has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Dividend Investors: Don't Be Too Quick To Buy American Finance Trust, Inc. (NASDAQ:AFIN) For Its Upcoming Dividend

American Finance Trust's next dividend payment will be US$0.092 per share, on the back of last year when the company paid a total of US$1.10 to shareholders. … See our latest analysis for American Finance Trust Dividends are typically paid from company earnings. … Given that American Finance Trust has only been paying a dividend for a year, there's not much of a past history to draw insight from.

Simply Wall St -

Investors Who Bought American Finance Trust (NASDAQ:AFIN) Shares A Year Ago Are Now Down 24%

View our latest analysis for American Finance Trust Because American Finance Trust is loss-making, we think the market is probably more focussed on revenue and revenue growth, at least for now. … American Finance Trust grew its revenue by 3.1% over the last year. … We note that for American Finance Trust the TSR over the last year was -17%, which is better than the share price return mentioned above.

Simply Wall St -

How Much Are American Finance Trust, Inc. (NASDAQ:AFIN) Insiders Spending On Buying Shares?

While American Finance Trust insiders bought shares last year, they didn't sell. … American Finance Trust Insiders Bought Stock Recently Over the last quarter, American Finance Trust insiders have spent a meaningful amount on shares. … We would certainly prefer see higher levels of insider ownership but analysis of the insider transactions suggests that American Finance Trust insiders are expecting a bright future.

Simply Wall St -

One Metric To Rule Them All: American Finance Trust, Inc. (NASDAQ:AFIN)

This tells us how long it will take AFIN to pay off its debt using its income from its main business activities, and gives us an insight into AFIN’s ability to service its borrowings. … In terms of valuing AFIN, FFO can also be used as a form of relative valuation. … Instead of the P/E ratio, P/FFO is used instead, which is very common for REIT stocks.

Simply Wall St -

What Kind Of Shareholder Owns Most American Finance Trust, Inc. (NASDAQ:AFIN) Stock?

A look at the shareholders of American Finance Trust, Inc. … Institutions often own shares in more established companies, while it's not unusual to see insiders own a fair bit of smaller companies. … American Finance Trust has a market capitalization of US$1.0b, so we would expect some institutional investors to have noticed the stock.

Simply Wall St -

What You Need To Know Before Investing In American Finance Trust, Inc. (NASDAQ:AFIN)

American Finance Trust, Inc. … real estate investment trust (REIT) based in New York, United States. … View our latest analysis for American Finance Trust

Simply Wall St -

How Much Are American Finance Trust Inc (NASDAQ:AFIN) Insiders Spending On Buying Shares?

So we'll take a look at whether insiders have been buying or selling shares in American Finance Trust Inc (NASDAQ:AFIN). … But logic dictates you should pay some attention to whether insiders are buying or selling shares. … Overall, American Finance Trust insiders were net buyers last year

Simply Wall St -

Company Info

Description

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.

Details
Name: American Finance Trust, Inc.
AFIN
Exchange: NasdaqGS
Founded: 2013
$1,584,192,549
$1,570,963,072
106,823,503
Website: http://www.americanfinancetrust.com
Address: American Finance Trust, Inc.
405 Park Avenue,
3rd Floor,
New York,
New York, 10022,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqGS AFIN Class A Common Stock Nasdaq Global Select US USD 19. Jul 2018
NasdaqGS AFIN.P 7.50% PFD A Nasdaq Global Select US USD 22. Mar 2019
Number of employees
Current staff
Staff numbers
0
American Finance Trust employees.
Industry
Retail REITs
Real Estate
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/11/22 01:07
End of day share price update: 2019/11/21 00:00
Last estimates confirmation: 2019/11/08
Last earnings filing: 2019/11/07
Last earnings reported: 2019/09/30
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.