When you linking your Twitter Account Market Wire News Trending Stocks news and your Portfolio Stocks News will automatically tweet from your Twitter account.
Be alerted of any news about your stocks and see what other stocks are trending.
AFINP - American Finance Trust: Q2 Will Be A Loser But Long-Term Value Opportunity Is Intact
American Finance Trust Inc. 7.50% Series A Cumulative Redeemable Perpetual Preferred Stock
American Finance Trust (AFIN) is a retail REIT that has taken a heavy hit due to the coronavirus as many of its customers are without business and are struggling to make rental payments. The vast majority of AFIN's single-tenant portfolio is in the retail industry (70%) with the remaining being distribution and office spaces. The company's higher risk multi-tenant portfolio is 50% retail and 50% "experiential/E-commerce defensive"; however, it is essentially all in the retail space which is heavily impacted by the lock-downs.
While PPP loans help keep these small businesses afloat, they