|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
Aaron's Delivers New Laptops to College-Bound Freshmen
on September 3, 2020 at 11:00 am
Aaron's, Inc. (NYSE: AAN), a leading omnichannel provider of lease-purchase solutions, and its divisions, the Aaron's Business and Progressive Leasing, collaborated with Boys & Girls Clubs of America to gift new laptops and accessories to nearly 50 graduating members of three Boys & Girls Clubs in Oklahoma and Connecticut. In addition to the computers, Aaron's contribution of nearly $50,000 also includes COVID-19 relief funding for each of the three clubs. […]
Are Investors Undervaluing Aaron's (AAN) Right Now?
on August 31, 2020 at 3:50 pm
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks. […]
Aaron's (NYSE:AAN) Has A Pretty Healthy Balance Sheet
on August 10, 2020 at 10:51 am
Warren Buffett famously said, 'Volatility is far from synonymous with risk.' So it seems the smart money knows that... […]
Estimating The Fair Value Of Aaron's, Inc. (NYSE:AAN)
on August 10, 2020 at 10:42 am
How far off is Aaron's, Inc. (NYSE:AAN) from its intrinsic value? Using the most recent financial data, we'll take a... […]
Aaron's, Inc. Directors Declare Dividend
on August 6, 2020 at 8:30 pm
Aaron's, Inc. (NYSE: AAN), a leading omnichannel provider of lease-purchase solutions, today announced that its Board of Directors has declared a regular quarterly cash dividend of $0.04 per share and declared such dividend payable October 6, 2020 to shareholders of record as of the close of business on September 17, 2020. […]