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AFINP - American Finance Trust: The ATM Program Rapidly Increases The Share Count
December, 11 2021 11:45 AM
American Finance Trust Inc. 7.50% Series A Cumulative Redeemable Perpetual Preferred Stock
American Finance Trust is taking advantage of its $200M At The Market equity offering program. The REIT is printing common shares which put the brakes on the per-share FFO and AFFO performance. It is however good news for the preferred shareholder as issuing common shares increases the amount of equity ranked junior to the preferred shares. For further details see:
American Finance Trust: The ATM Program Rapidly Increases The Share Count
Stock Information
Company Name:
American Finance Trust Inc. 7.50% Series A Cumulative Redeemable Perpetual Preferred Stock
Stock Symbol:
AFINP
Market:
NASDAQ
Website:
necessityretailreit.com
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