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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

  • Rite Aid Foundation’s KidCents Program Donates $50,000 to Hurley Children's Hospital
    on December 14, 2018 at 6:30 pm

    The Rite Aid Foundation announced today a grant of $50,000 to the Hurley Foundation, on behalf of Hurley Children’s Hospital in Flint, Mich., to improve access to healthy foods for underserved children. The grant will support the hospital’s Nutrition Prescription Program, which provides fruit and vegetable prescriptions to pediatric patients. This is the second grant from The Rite Aid Foundation, which previously donated $100,000 in support of the unique nutrition program. […]

  • Today's Research Reports on Trending Tickers: Rite Aid and Aflac Inc.
    on December 14, 2018 at 11:50 am

    NEW YORK, NY / ACCESSWIRE / December 14, 2018 / Aflac was sailing higher on news that Japan Post is planning to invest $2.6 billion in the company. Shares of Rite Aid were dragging as Wall Street prepares for the big drug store chain’s third quarter financial results next week. Rite Aid Corporation shares closed down 7.40% on about 19.4 million shares traded yesterday. […]

  • Factors Likely to Shape Rite Aid's (RAD) Earnings in Q3
    on December 12, 2018 at 1:00 pm

    Unfavorable trends in the generic drug market affect Rite Aid (RAD). However, it is aiming at capitalizing on its growth potential. […]

  • Rite Aid to Release Third Quarter Results on December 19
    on December 11, 2018 at 9:30 pm

    Rite Aid Corporation said today that it will release financial results for its Fiscal 2019 Third Quarter, which ended Dec. 1, 2018, on Wednesday, Dec. 19, 2018. The company will hold an analyst call at 5:00 p.m. […]

  • Is Rite Aid Corporation (RAD) Going to Burn These Hedge Funds?
    on December 8, 2018 at 11:48 pm

    A market correction in the fourth quarter, spurred by a number of global macroeconomic concerns and rising interest rates ended up having a negative impact on the markets and many hedge funds as a result. The stocks of smaller companies were especially hard hit during this time as investors fled to investments seen as being […]

NYSE: RAD

Rite Aid

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