PreferredStockChannel
Preferred Stock Offerings
By Preferred Stock Channel Staff, updated Tue, May 24, 5:15 PM
| This Slide: #126 of 581 |
Slide #126. American Finance Trust, Inc. — Preferred Stock Offering
Company:
American Finance Trust, Inc. (AFIN)
Date announced:
3/22/2019
Shares Offered:
1,200,000
Date of Pricing:
3/22/2019
Price Per Share:
$25.00
Preferred Stock Offering Details:
American Finance Trust, Inc. (Nasdaq: AFIN) ("AFIN" or the "Company") today announced the pricing of an underwritten public offering of 1,200,000 shares of its 7.50% Series A Cumulative Redeemable Perpetual Preferred Stock (the "Series A Preferred Stock") at a gross offering price of $25.00 per share. In addition, the Company has granted the underwriters a 30-day option to purchase up to an additional 180,000 shares of Series A Preferred Stock. The Company has applied to list the shares of Series A Preferred Stock on the Nasdaq Global Select Market. The Series A Preferred Stock will have a $25.00 liquidation preference per share.
American Finance Trust is a real estate investment trust. Co. focuses on acquiring and managing a portfolio of retail and distribution related commercial real estate properties. Co. owns a portfolio of commercial properties comprised primarily of freestanding single-tenant properties that are net leased to investment grade and other creditworthy tenants and a portfolio of multi-tenant retail properties consisting primarily of power centers and lifestyle centers. Substantially all of Co.'s business is conducted through American Finance Operating Partnership, L.P., and its wholly-owned subsidiaries.
Preferred: AFINP
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Avg. Broker Rec.
 
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Strong Buy (3.50 out of 4) 100th percentile
(ranked higher than approx. 100% of all stocks covered)
Based on data provided by Zacks Investment Research via Quandl.com |
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