American finance trust, inc. (AFIN)
Income statement / TTM
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

-

-

-

-

-

-

-

-

-

-

218,220

197,290

175,625

164,386

163,249

162,110

161,150

160,865

36,179

36,153

34,939

21,450

125,741

87,591

48,618

21,892

0

0

0

Operating expense reimbursements

-

-

-

-

-

-

-

-

-

-

24,189

20,169

14,527

12,232

11,665

11,608

11,790

11,495

5,966

5,891

5,912

6,659

11,842

8,863

5,795

2,397

0

0

0

Interest income from debt investments

-

-

-

-

-

-

-

-

-

-

994

973

950

1,050

2,219

2,708

2,478

2,138

0

0

0

-

0

-

-

-

-

-

-

Revenue from tenants

302,767

299,744

298,605

300,630

292,629

291,207

288,469

283,310

283,809

270,910

243,403

218,432

191,102

177,668

177,133

176,426

175,418

174,498

42,873

42,044

40,851

28,109

137,583

96,454

54,413

24,289

0

0

0

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

26,562

25,695

24,766

24,070

23,572

23,143

22,953

22,354

21,767

20,908

19,750

19,000

18,250

18,000

18,000

17,913

17,509

13,009

0

0

0

-

0

0

-

-

-

-

-

Property operating expense

52,161

52,715

52,430

53,529

53,549

54,068

52,607

49,870

48,907

42,594

33,479

26,230

17,319

13,614

13,338

13,352

13,508

13,258

8,464

8,411

8,404

8,844

13,070

9,747

6,321

2,794

0

0

0

Impairment of Real Estate

-23

800

11,850

13,022

21,581

21,080

20,923

27,356

21,442

25,049

41,365

33,877

31,228

27,299

117

0

0

-

0

-

-

-

-

-

-

-

-

-

-

Acquisition, transaction and other costs

5,855

6,257

4,851

5,911

6,395

7,557

8,536

8,160

6,731

10,151

9,161

12,369

12,156

7,063

6,226

2,791

2,434

2,220

-9,536

-6,222

-2,512

11,891

31,542

45,441

41,466

26,934

0

0

0

Listing fees

-

-

0

-

-

-

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Vesting and conversion of Class B Units

-

-

0

-

-

-

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Equity-based compensation

12,907

12,717

12,441

11,464

8,261

5,266

2,331

0

0

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

General and administrative

19,642

20,375

21,951

24,464

23,381

22,733

21,481

20,381

20,260

19,691

17,395

15,407

12,634

11,168

12,048

11,657

12,745

11,314

6,930

5,304

3,411

2,558

4,851

5,041

3,495

2,430

0

0

0

Depreciation and amortization

126,962

124,713

125,549

130,980

135,494

139,907

148,248

154,048

159,048

154,027

137,714

122,028

107,128

101,143

101,863

101,804

101,652

101,546

22,044

22,044

21,579

14,080

82,354

57,737

32,835

14,947

0

0

0

Goodwill impairment

-

-

0

0

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total operating expenses

245,698

244,904

255,443

285,819

293,007

294,528

297,981

282,388

278,309

272,548

258,864

228,911

198,715

178,287

151,592

147,517

147,848

141,347

35,925

33,147

30,396

36,887

131,817

117,966

84,117

47,105

0

0

0

Operating income before gain on sale of real estate investments

57,069

54,840

43,162

14,811

-378

-3,321

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss on extinguishment of debt

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

0

-

-

-

-

-

-

Interest income

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

Distribution income from other real estate securities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

363

0

0

0

-

3,099

3,833

3,227

2,272

0

0

0

Gain on sale of other real estate securities, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

738

0

0

0

-

382

68

-41

125

0

0

0

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

22,227

23,700

21,357

20,752

10,012

31,776

30,595

29,531

34,515

15,100

14,095

13,831

5,676

454

454

454

0

-

0

0

-

-

-

-

-

-

-

-

-

Operating income

79,326

78,530

64,519

35,563

9,634

28,455

35,206

44,312

45,265

13,490

-15,007

-10,025

-7,159

-165

25,541

28,909

27,570

33,151

6,948

8,897

10,455

-8,778

5,766

-21,512

-29,704

-22,816

0

0

0

Other (expense) income:
Interest Expense

78,660

77,994

76,627

75,075

69,122

66,789

64,559

62,044

60,627

60,305

61,632

59,704

57,407

54,253

50,728

49,451

45,362

40,891

12,228

9,139

8,623

3,907

19,832

11,652

3,929

485

0

0

0

Other income

1,154

3,627

4,054

4,015

3,386

863

96

105

168

238

253

275

213

163

168

171

159

147

3

-32

99

72

0

0

0

-

-

-

-

Total other expense, net

-77,506

-74,367

-72,573

-71,060

-65,736

-65,926

-78,558

-75,770

-65,681

-60,067

-47,738

-46,052

-51,972

-54,090

-57,167

-63,234

-59,442

-54,268

-20,899

-9,810

-8,617

-3,854

-16,137

-7,483

-633

2,019

0

0

0

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

1,820

4,163

-8,054

-35,497

-56,102

-37,471

-43,352

-31,458

-20,416

-46,577

-62,745

-56,077

-59,131

-54,255

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Net loss attributable to non-controlling interests

10

16

-7

-57

-95

-62

-78

-62

-40

-83

-45

-15

-13

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Preferred stock dividends

10,837

7,248

3,751

672

30

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net loss attributable to common stockholders

-9,027

-3,101

-11,798

-36,112

-56,037

-37,409

-43,274

-31,396

-20,376

-46,494

-62,700

-56,062

-59,118

-54,255

-31,626

-34,325

-31,872

-21,117

-13,951

-913

1,838

-12,632

-10,371

-28,995

-30,337

-20,797

0

0

0

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

1,004

531

-222

47

-739

-626

177

-82

-265

95

45

35

0

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

Change in unrealized loss on investment securities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-463

0

0

0

-

4,436

323

-1,750

-6,981

0

0

0

Comprehensive loss attributable to common stockholders

-8,023

-2,570

-12,020

-36,065

-56,776

-38,035

-43,097

-31,478

-20,641

-46,399

-62,655

-56,027

-59,118

-54,255

-31,343

-34,604

-32,158

-21,580

-22,026

-8,630

-3,799

-12,861

-5,935

-28,672

-32,087

-27,778

0

0

0

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

-

-

-

-