|Price Range 12mo avg:||$567K – $1.8M|
|$/sf 12mo avg:||$130|
|CAP Rate 12mo avg:||7.44%|
|Lease Terms:||10yrs NNN|
|Building Size avg:||10,260 SF|
|Lot Size avg:||1+/- acres|
Aaron’s, Inc. (NYSE: AAN) is a specialty retailer serving consumers through the sale and lease ownership of furniture, consumer electronics, computers, home appliances, and accessories in over 2,100 Company-operated and franchised stores in the United States and Canada. The Company was founded in 1955, is headquartered in Atlanta and has been publicly traded since 1982. Aaron’s is the industry leader in serving the moderate-income consumer and offering affordable payment plans, quality merchandise and superior service.
This has been a milestone year at Aaron’s. In April, Aaron’s completed the transformative acquisition of Progressive Finance resulting in the strategic positioning of the Company as the leader in both the traditional rent-to-own (RTO) industry as well as the emerging virtual rent-to-own (RTO) space. The acquisition supports the Company’s strategy to address credit-challenged customers’ changing needs for acquiring home furniture, electronics and appliances as the consumer population leans more toward a multi-channel acquisition of goods and services.
Aaron’s plan to reshape the core business focuses on same store revenue growth, enhancing Aaron’s online platform, driving cost efficiencies, moderating new store growth, and strengthening the franchise network. The Company has been aggressively developing its online strategy while working towards the rollout of an e-commerce platform in early 2015. This demonstrates Aaron’s strategic initiative to reach its customers in an ever evolving marketplace.
|S&P Credit Rating:||N/A|
|Moody’s Credit Rating:||N/A|
|Annual Revenue 2014:||$2.73B|
|Annual Revenue 2013:||$2.23B|
|Revenue Growth:||↑ 1.8% from 2013|
|Units (Dec. 2014)||2,108|
|Average Units Volume:||$1.292M|
Yahoo! Finance: AAN News Latest Financial News for AAN
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Zacks.com featured highlights: WellCare Health Plans, Aaron's, FreightCar America, Chemours and Renewable Energy Group
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INVESTOR ALERT: Levi & Korsinsky, LLP Announces an Investigation Involving Possible Securities Fraud Violations by Certain Officers and Directors of Aaron’s, Inc.
on May 25, 2017 at 9:45 pm
Levi & Korsinsky announces it has commenced an investigation of Aaron’s, Inc. concerning possible violations of federal securities laws. […]
Aaron's And Progressive Leasing Celebrate End Of School Year With Renovation Of Milwaukee Boys & Girls Club Teen Center
on May 25, 2017 at 4:21 pm
ATLANTA, May 25, 2017 /PRNewswire/ -- Aaron's, Inc. (AAN), a leading omnichannel provider of lease-purchase solutions, and its divisions Aaron's and Progressive Leasing, surprised teens on Wednesday with a newly renovated Keystone Teen Center at the Don & Sallie Davis Boys & Girls Club of Greater Milwaukee. In 2015, the Aaron's Foundation, Inc. announced a three-year, $5 million national partnership with Boys & Girls Clubs of America's Keystone Program, helping teens develop their character and leadership skills in hopes of helping them reach their potential and creating positive change in the community. […]
Aaron's, Inc. Directors Declare Dividend
on May 17, 2017 at 8:30 pm
ATLANTA, May 17, 2017 /PRNewswire/ -- The Board of Directors of Aaron's, Inc. (NYSE: AAN), a leading omnichannel provider of lease-purchase solutions, has declared a quarterly cash dividend. The dividend ... […]