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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

  • CVS stock price target lowered to $75 from $90 at Raymond James
    on April 18, 2019 at 12:14 pm

    Analysts at Raymond James lowered their price target on shares of CVS Health Corp. to $75 from $90 on Thursday, citing "the collapse in sentiment for the payor-PBM complex." They maintained their strong buy rating on the stock, saying they "believe the discount is unwarranted," but acknowledging "significant overhangs on the political/headline front that are unlikely to abate in the immediate term." CVS shares have fallen 20% so far this year, and peers Walgreens Boots Alliance Inc. and Rite Aid Corp. have declined by 19% and 32%, respectively. A recent rout in health stocks comes amid calls for drug price transparency and U.S. Sen. Bernie Sanders' unveiling of a new "Medicare for All" plan. The SPDR Health Care Select Sector exchange-traded fund has dipped 0.8% in the year to date, severely lagging the S&P 500 , which has gained 15.7%, and the Dow Jones Industrial Average , which has gained 13.4%. […]

  • Retailers Signal Increased Commercial Interest In CBD
    on April 17, 2019 at 3:13 pm

    Rite Aid Corporation (NYSE: RAD), CVS Health Corp (NYSE: CVS), and Walgreens (NASDAQ: WBA) recently announced plans to sell cannabidiol, or CBD, products in 2,500 stores across 19 states. The stores will only sell topical CBD products, such as chapstick, lotions and body sprays. Rite Aid also announced it will stop selling e-cigarettes in an attempt to address an increase in teen smokeless tobacco use. […]

  • Edited Transcript of RAD earnings conference call or presentation 11-Apr-19 12:30pm GMT
    on April 17, 2019 at 6:11 am

    Q4 2019 Rite Aid Corp Earnings Ca […]

  • Correction: CBD Goes Mainstream story
    on April 16, 2019 at 9:51 pm

    NEW YORK (AP) — In a story April 15 about CBD, The Associated Press reported erroneously the parent company of Nine West. It is Authentic Brands Group, not Authentic Fitness. […]

  • Measles-Mumps-Rubella Vaccine Available at Rite Aid Pharmacies Nationwide
    on April 16, 2019 at 2:00 pm

    With an increase in measles cases being reported in many parts of the country, Rite Aid announced today that Measles-Mumps-Rubella (MMR) vaccinations are available upon request at Rite Aid pharmacies nationwide based on Centers for Disease Control (CDC) vaccine guidelines and state regulations. No appointment is necessary and vaccinations from a Rite Aid certified immunizing pharmacist are available during normal pharmacy business hours. As of April 11, 2019, there are currently 555 confirmed cases of measles, in the United States, according to the CDC. […]

NYSE: RAD

Rite Aid

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