American Finance Trust Announces Second Quarter 2021 Results prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.
Company Overview
TravelCenters Of America Inc is a US-based company which operates travel centers and standalone restaurants. It operated or franchised several travel centers, few standalone truck service facilities, and some standalone restaurants. The company s customers include trucking fleets and their drivers, independent truck drivers, highway and local motorists and casual diners. It generates revenue from fuel operations, non-fuel operations, rents, royalties and other fees from tenants and franchisees.
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
Quarterly Results
Earnings per share rose 79.56% year over year to ($0.37), which beat the estimate of ($0.72).
Revenue of $1,529,000,000 rose by 17.34% year over year, which beat the estimate of $1,410,000,000.
Recent Stock Performance
52-week low: $8.15
Company Profile
TravelCenters Of America Inc is a US-based company which operates travel centers and standalone restaurants. It operated or franchised several travel centers, few standalone truck service facilities, and some standalone restaurants. The company s customers include trucking fleets and their drivers, independent truck drivers, highway and local motorists and casual diners. It generates revenue from fuel operations, non-fuel operations, rents, royalties and other fees from tenants and franchisees.
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