American finance trust, inc. (AFIN)
Income statement / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13
Revenues:
Rental income

-

-

-

-

-

-

-

-

-

-

62,287

62,841

51,739

41,353

41,357

41,176

40,500

40,216

40,218

40,216

40,215

-84,470

40,192

39,002

26,726

19,821

2,042

29

0

Operating expense reimbursements

-

-

-

-

-

-

-

-

-

-

7,182

8,513

5,241

3,253

3,162

2,871

2,946

2,686

3,105

3,053

2,651

-2,843

3,030

3,074

3,398

2,340

51

6

0

Interest income from debt investments

-

-

-

-

-

-

-

-

-

-

260

253

240

241

239

230

340

1,410

728

0

0

-

0

-

-

-

-

-

-

Revenue from tenants

74,564

76,231

72,863

79,109

71,541

75,092

74,888

71,108

70,119

72,354

69,729

71,607

57,220

44,847

44,758

44,277

43,786

44,312

44,051

43,269

42,866

-87,313

43,222

42,076

30,124

22,161

2,093

35

0

Operating expenses:
Related Party Transaction, Expenses from Transactions with Related Party

6,905

6,777

6,545

6,335

6,038

5,848

5,849

5,837

5,609

5,658

5,250

5,250

4,750

4,500

4,500

4,500

4,500

4,500

4,413

4,096

0

-

0

0

-

-

-

-

-

Property operating expense

12,282

14,344

12,398

13,137

12,836

14,059

13,497

13,157

13,355

12,598

10,760

12,194

7,042

3,483

3,511

3,283

3,337

3,207

3,525

3,439

3,087

-1,587

3,472

3,432

3,527

2,639

149

6

0

Impairment of Real Estate

0

-27

0

4

823

11,023

1,172

8,563

322

10,866

7,605

2,649

3,929

27,182

117

0

0

-

0

-

-

-

-

-

-

-

-

-

-

Acquisition, transaction and other costs

452

3,022

489

1,892

854

1,616

1,549

2,376

2,016

2,595

1,173

947

5,436

1,605

4,381

734

343

768

946

377

129

-10,988

4,260

4,087

14,532

8,663

18,159

112

0

Listing fees

-

-

0

-

-

-

4,988

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Vesting and conversion of Class B Units

-

-

0

-

-

-

15,786

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Equity-based compensation

3,211

3,211

3,217

3,268

3,021

2,935

2,240

65

26

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

General and administrative

5,328

4,300

3,573

6,441

6,061

5,876

6,086

5,358

5,413

4,624

4,986

5,237

4,844

2,328

2,998

2,464

3,378

3,208

2,607

3,552

1,947

-1,176

981

1,659

1,094

1,117

1,171

113

29

Depreciation and amortization

34,335

31,802

29,901

30,924

32,086

32,638

35,332

35,438

36,499

40,979

41,132

40,438

31,478

24,666

25,446

25,538

25,493

25,386

25,387

25,386

25,387

-54,116

25,387

24,921

17,888

14,158

770

19

0

Goodwill impairment

-

-

0

1,600

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total operating expenses

62,513

63,456

56,123

63,606

61,719

73,995

86,499

70,794

63,240

77,448

70,906

66,715

57,479

63,764

40,953

36,519

37,051

37,069

36,878

36,850

30,550

-68,353

34,100

34,099

37,041

26,577

20,249

250

29

Operating income before gain on sale of real estate investments

12,051

12,775

16,740

15,503

9,822

1,097

-11,611

314

6,879

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss on extinguishment of debt

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

7,564

-

-

-

0

-

-

-

-

-

-

Interest income

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

62

0

0

Distribution income from other real estate securities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

25

169

169

-

374

606

955

1,164

1,108

0

0

Gain on sale of other real estate securities, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

192

0

546

-

314

109

-166

125

0

0

0

Gain (Loss) on Sale of Properties, Net of Applicable Income Taxes

1,400

4,529

1,933

14,365

2,873

2,186

1,328

3,625

24,637

1,005

264

8,609

5,222

0

0

454

0

-

0

0

-

-

-

-

-

-

-

-

-

Operating income

13,491

17,294

18,673

29,868

12,695

3,283

-10,283

3,939

31,516

10,034

-1,177

4,892

-259

-18,463

3,805

7,758

6,735

7,243

7,173

6,419

12,316

-18,960

9,122

7,977

-6,917

-4,416

-18,156

-215

-29

Other (expense) income:
Interest Expense

19,106

18,990

18,569

21,995

18,440

17,623

17,017

16,042

16,107

15,393

14,502

14,625

15,785

16,720

12,574

12,328

12,631

13,195

11,297

8,239

8,160

-15,468

8,208

7,723

3,444

457

28

0

0

Other income

72

367

48

667

2,545

794

9

38

22

27

18

101

92

42

40

39

42

47

43

27

30

-97

8

158

3

-

-

-

-

Total other expense, net

-19,034

-18,623

-18,521

-21,328

-15,895

-16,829

-17,008

-16,004

-16,085

-29,461

-14,220

-5,915

-10,471

-17,132

-12,534

-11,835

-12,589

-20,209

-18,601

-8,043

-7,415

13,160

-7,512

-6,850

-2,652

877

1,142

0

0

Net Income (Loss), Including Portion Attributable to Noncontrolling Interest

-5,543

-1,329

152

8,540

-3,200

-13,546

-27,291

-12,065

15,431

-19,427

-15,397

-1,023

-10,730

-35,595

-8,729

-4,077

-5,854

-

-

-

-

-

-

-

-

-

-

-

-

Net loss attributable to non-controlling interests

-9

1

4

14

-3

-22

-46

-24

30

-38

-30

-2

-13

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Preferred stock dividends

3,619

3,497

3,079

642

30

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net loss attributable to common stockholders

-9,153

-4,827

-2,931

7,884

-3,227

-13,524

-27,245

-12,041

15,401

-19,389

-15,367

-1,021

-10,717

-35,595

-8,729

-4,077

-5,854

-12,966

-11,428

-1,624

4,901

-5,800

1,610

1,127

-9,569

-3,539

-17,014

-215

-29

Other comprehensive (loss) income:
Other comprehensive loss:
Change in unrealized loss on derivatives

0

0

0

1,004

-473

-753

269

218

-360

50

10

35

0

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

Change in unrealized loss on investment securities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

283

-562

-7

-177

-

-204

2,073

5,231

-2,664

-4,317

0

0

Comprehensive loss attributable to common stockholders

-9,153

-4,827

-2,931

8,888

-3,700

-14,277

-26,976

-11,823

15,041

-19,339

-15,357

-986

-10,717

-35,595

-8,729

-4,077

-5,854

-12,683

-11,990

-1,631

4,724

-13,129

1,406

3,200

-4,338

-6,203

-21,331

-215

-29

Weighted-average shares outstanding - Basic and Diluted (in shares)

108,364

-

106,139

-

106,076

-

105,905

-

-

-

104,545

-

-

65,802

65,741

65,301

64,955

-

66,450

-

-

-

-

-

-

72,341

38,295

5,173

8

Weighted-average shares outstanding - Basic (in shares)

-

-

-

106,075

-

-

-

105,028

105,196

-

-

104,140

84,652

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net (loss) income per share attributable to common stockholders - Basic (in dollars per share)

-

-

-

0.07

-

-

-

-0.11

0.15

-

-

-0.01

-0.13

-

-

-

-

-

-0.17

-0.02

0.07

-

0.02

0.02

-0.15

-

-

-

-

Net (loss) income per share attributable to common stockholders - Basic and Diluted (in dollars per share)

-0.08

-

-0.03

-

-0.03

-

-0.26

-

-

-

-0.15

-

-

-0.55

-0.13

-0.06

-0.09

-

-0.17

-

-

-

-

-

-

-

-0.44

-0.04

-

Weighted Average Number of Shares Outstanding, Diluted

-

-

-

106,394

-

-

-

105,028

105,415

-

-

104,140

84,652

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net (loss) income per share attributable to common stockholders - Diluted (in dollars per share)

-

-

-

0.07

-

-

-

-0.11

0.15

-

-

-0.01

-0.13

-

-

-

-

-

-

-0.02

0.07

-

0.02

0.02

-0.15

-

-

-

-