April 2019
If you invested in American Realty Capital Trust V, now American Finance Trust, Inc. (AFIN), in 2013 and paid $25 per share, you may be surprised to know that it is currently trading at under $10. Here is a 5 year recent chart of the decline of this investment:
The name was changed to American Finance Trust when the company went public in June 2018.
In a report just issued by investment bank Robert A. Stanger & Co. the listing of this former non-traded REIT has turned into an ugly “belly flop”. As recently as June 2018 the company announced an estimated per share net asset value of $23.56, which is far greater than the traded value. This represents a loss of about $1 billion of the company’s equity value.
Investors who may have purchased AFIN five years ago at $25 a share, they have lost more than 40% of their investment. Investors who paid nearly $18 a share for AFIN in the fall of 2018 have lost nearly 50%.
If you have suffered significant losses on an investment in AFIN, call for a no charge consultation to learn about you may be able to recover damages from the broker dealer who recommended the investment.
Rex Securities Law , with offices in Boca Raton, FL, and Austin, TX, provides representation to investors nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.
Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.
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