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Rite Aid



www.riteaid.com
Average Sale and Lease Details
Price Range 12mo avg: $793K – $7.3M
$/sf 12mo avg: $263.80
CAP Rate 12mo avg: 8.02%
NOI average: $246,946
Lease Terms: 20yrs NN
Building Size avg: 12,400 SF
Lot Size avg: 1.80+/- acres

Rite Aid is the third largest retail drugstore chain in the United States based on both revenues
and number of stores. As of March 1, 2014, Rite Aid operated 4,587 stores in 31 states across the country and in the District of Columbia.
Rite Aid stores sell prescription drugs and a wide assortment of other merchandise, which they call
‘‘front-end’’ products. In fiscal 2014, prescription drug sales accounted for 67.9% of the company total sales. Rite Aid believes that pharmacy operations will continue to represent a significant part of the company business due to favorable industry trends, including an aging population, increased life expectancy, anticipated growth in the federally funded Medicare Part D prescription program as ‘‘baby boomers’’ start to enroll, expanded coverage for uninsured Americans as the result of the Patient Protection and Affordable Care Act and the discovery of new and better drug therapies. Rite Aid carry a full assortment of front-end products, which accounted for the remaining 32.1% of their total sales in fiscal 2014. Front-end products include over-the-counter medications, health and beauty aids, personal care items, cosmetics, household items, food and beverages, greeting cards, seasonal merchandise and numerous other everyday and convenience products. Rite Aid also offers various photo processing services in virtually all their stores.
Rite Aid differentiate their stores from other national chain drugstores, in part, through their wellness+ loyalty program, their Wellness format stores, innovative merchandising, private brands and Rite Aid’s expanded strategic partnership with GNC, a leading retailer of vitamin and mineral supplements. Rite Aid offers a wide variety of products through their portfolio of private brands, which continue to be well received by their customers. Private brand items contributed approximately 18.2% of their front-end sales in fiscal 2014.

S&P Credit Rating: B
Moody’s Credit Rating: B2
Annual Revenue 2014: $25.5B
Annual Revenue 2013: $25.4B
Revenue Growth: ↑ 0.5% from 2013
Net Income $249.4M
Units (Mar. 2014) 4,587
Average Units Volume: $5.8M

Yahoo! Finance: RAD News Latest Financial News for RAD

  • Ugly Rite Aid Corporation (RAD) Stock Has Upside Potential, If You Can Stomach It
    on August 22, 2017 at 4:00 pm

    Few companies look as decisively bad as Rite Aid Corporation (NYSE:RAD), and yet maintain a dichotomous consensus. Despite its horrendous hemorrhaging in the markets, people are still buying Rite Aid shares. Finally, after the failure of the original Rite Aid and Walgreens Boots Alliance Inc (NASDAQ:WBA) deal, a modest number of analysts got bearish on RAD stock. […]

  • 3 Top Retail Stocks Under $10
    on August 22, 2017 at 2:05 pm

    Rite Aid, Pier 1 Imports, and Vipshop Holdings offer market-beating potential as low-priced retail investments hungry to turn things around. […]

  • Will Walgreens Ever Get to Spend $5.2 Billion on 2,186 Rite Aid Stores?
    on August 20, 2017 at 9:40 pm

    The ordeal continues. […]

  • Could the “New” Rite Aid Corporation (RAD) Go Broke?
    on August 18, 2017 at 1:50 pm

    InvestorPlace contributor Ian Bezek sees this is a very good thing for Rite Aid and Rite Aid stock as it severely reduces the company’s debt while allowing it to keep most of its more profitable locations. At the same time, however, there are still naysayers in the investment community that wonder about Rite Aid’s chances of survival even after lowering its debt burden. “There still is plenty of talk going around on social media about Rite Aid going bankrupt, but this simply doesn’t make sense,” Bezek wrote August 11. […]

  • Walgreens Boots to Gain From Altered Rite Aid Deal, Alliance
    on August 18, 2017 at 1:43 pm

    The new acquisition deal with Rite Aid would enable Walgreens (WBA) to buy nearly half of its business at a deal value, almost one-third of the original price. Downsides remain a challenge. […]

NYSE: RAD

Rite Aid

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