 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 Cash net operating income NOI grew 6.9 to 63.1 million from 59.0 million for the first quarter 2020 Funds from Operations FFO of 22.6 million, or 0.21 per diluted share compared to 23.7 million, or 0.22 per diluted share, for the first quarter 2020 Adjusted Funds from Operations AFFO grew to 25.5 million or 0.24 per share from 25.2 million, or 0.23 per diluted share, in the prior year first quarter Dividends of 23.0 million or 0.21 per share Collected approximately 100 of original cash rent in first quarter 2021, including 100 in single tenant portfolio, 99 in the multi-tenant portfolio, and 100 among the top 20 tenants1,2 Portfolio Occupancy of 94.9, up from 93.9 in fourth quarter 2020 Multi-tenant Executed Occupancy3 and Leasing Pipeline4 are expected to add 1.6 million of annual rent and 122,000 square feet to the portfolio over time as executed leases commence Executed Occupancy and Leasing Pipeline are expected to increase multi-tenant occupancy to 88.2 over time, exceeding Executed Occupancy of 87.3 reported as of March 31, 2020, assuming no other changes Total year-to-date closed and pipeline acquisitions of 72 million 5 with a cash capitalization rate6 of 7.2 and a weighted average capitalization rate7 of 8.2 High quality portfolio with 61 of tenants in single-tenant portfolio8 and 70 of the top 20 tenants portfolio-wide rated as investment grade or implied investment grade9 Annual rent escalators10 with a weighted-average of 1.3 per year provide contractually embedded rent growth Improved balance sheet year-over-year, with weighted average interest rate of 3.8, down from 4.2, weighted-average debt maturity of 4.5 years up from 3.5 years and 82.6 of debt fixed-rate compared to 73.2 a year ago As the economy continues to recover, we are off to a strong start in 2021. 