American Finance Trust, Inc. (Nasdaq: AFIN) ("AFIN" or the "Company") announced today that it has issued $240 million of long-term fixed-rate notes designated as AFIN's Net-Lease Mortgage Notes, Series 2021-1. The net proceeds from the sale of the notes will be used primarily to repay certain indebtedness, including a $74 million loan at 5.50% interest.
Katie Kurtz has joined the company as Chief Financial Officer. As an experienced finance executive with over 15 years success in the financial services sector, Kurtz will be responsible for Silverstein’s finance and accounting organization. Kurtz was previously an Ex ecutive Vice President at AR Global (ARG) where she served as Chief Financial Officer, Secretary and Treasurer for multiple Real Estate Investment Trusts (REIT) and Business Development Companies (BDC). She most recently served as Chief Financial Officer, Secretary and Treasurer for three REITs: American Finance Trust, Inc. (NASDAQ: AFIN), Healthcare Trust, Inc. and New York City REIT, Inc. (NYSE: NYC).
American Finance Trust Announces First Quarter 2021 Results
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NEW YORK, May 5, 2021 /PRNewswire/ American Finance Trust, Inc. (Nasdaq: AFIN) ( AFIN or the Company ), a real estate investment trust 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., announced today its financial and operating results for the first quarter ended March 31, 2021.
First Quarter 2021 and Subsequent Event Highlights
Revenue grew 6.2% to $79.2 million from $74.6 million for the first quarter 2020
Net loss attributable to common stockholders was $9.4 million as compared to $9.2 million for the first quarter 2020
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