Global Net Lease, Inc. (GNL)
| Market Cap | 1.65B |
| Revenue (ttm) | 812.62M |
| Net Income (ttm) | -218.14M |
| Shares Out | 230.30M |
| EPS (ttm) | -0.95 |
| PE Ratio | n/a |
| Forward PE | n/a |
| Dividend | $1.10 (15.39%) |
| Ex-Dividend Date | Oct 11, 2024 |
| Volume | 1,806,824 |
| Open | 7.00 |
| Previous Close | 7.02 |
| Day's Range | 7.00 - 7.27 |
| 52-Week Range | 6.52 - 10.19 |
| Beta | 1.32 |
| Analysts | Buy |
| Price Target | 9.50 (+32.87%) |
| Earnings Date | Nov 6, 2024 |
About GNL
Global Net Lease, Inc. (NYSE: GNL) is a publicly traded real estate investment trust listed on the NYSE. The firm focused on acquiring a diversified global portfolio of commercial properties, with an emphasis on sale-leaseback transactions involving single tenant, mission critical income producing net-leased assets across the United States, Western and Northern Europe. [Read more]
Financial Performance
In 2023, Global Net Lease's revenue was $515.07 million, an increase of 35.95% compared to the previous year's $378.86 million. Losses were -$243.24 million, 2514.9% more than in 2022.
Financial StatementsAnalyst Forecast
According to 5 analysts, the average rating for GNL stock is "Buy." The 12-month stock price forecast is $9.5, which is an increase of 32.87% from the latest price.
News
Global Net Lease, Inc. Announces Preferred Stock Dividends
NEW YORK, Dec. 19, 2024 (GLOBE NEWSWIRE) -- Global Net Lease, Inc. (“GNL” or the “Company”) (NYSE: GNL/ GNL PRA / GNL PRB / GNL PRD / GNL PRE) announced today that it declared quarterly dividends on i...
What I Wish I Knew Before Investing In REITs
I have done well over time, but I could have done even better. I have made many mistakes over the years. I discuss 3 of my biggest regrets as a REIT investor.
Global Net Lease Announces $620 Million of Closed Dispositions as Part of Strategic Disposition Plan
- Including Pipeline, Dispositions Total $1.1 Billion at a 7.1% Cash Cap Rate on 5.4 Years of Weighted Average Lease Term NEW YORK, Dec. 12, 2024 (GLOBE NEWSWIRE) -- Global Net Lease, Inc. (NYSE: GN...
My Single Biggest Regret As A REIT Investor
I have outperformed REIT sector averages over the long run. But I could have done even better. I discuss my #1 biggest mistake I have made as a REIT investor.
Global Net Lease: How Safe Is The 15% Dividend Yield?
Global Net Lease's dividend cuts have been significant, dropping from $0.5325 per share in 2020 to $0.275 per share recently. The latest dividend cut followed the internalization of its management, ra...
Bellevue Capital Partners Acquires Additional 100,000 Shares of Global Net Lease, Inc. (GNL)
NEWPORT, R.I.--(BUSINESS WIRE)--Bellevue Capital Partners, one of the largest shareholders of Global Net Lease, Inc. (NYSE: GNL), announces the acquisition of an additional 100,000 shares of GNL. This...
Global Net Lease: Key Takeaways From Q3-2024
Global Net Lease has struggled since our last article, underperforming the broader market and the Real Estate Index. Despite what appeared to be positive Q3-2024 results, core issues remain unaddresse...
Global Net Lease, Inc. (GNL) Q3 2024 Earnings Call Transcript
Global Net Lease, Inc. (NYSE:GNL) Q3 2024 Earnings Conference Call November 7, 2024 11:00 AM ET Company Participants Jordyn Schoenfeld - CPA Michael Weil - CEO Chris Masterson - CFO Conference Call P...
Global Net Lease Reports Third Quarter 2024 Results
- Closed Plus Disposition Pipeline Totaled $950 Million at a Cash Cap Rate of 7.1% - Achieved $85 Million in Cost Synergies, Significantly Exceeding Initial Projection of $75 Million - Reduced Net ...
5 U.S. REITs Suspend Dividends Amid 2024 Cuts
Five US real estate investment trusts have suspended dividends so far this year, while six other REITs have lowered regular dividend payouts. The activity contrasts with the more than one-third of the...
3 REITs That Will Likely Cut Their Dividends
There is a minority of REITs that are really struggling. Overleverage, conflicts of interest, and risky assets. Here are 3 REITs that are at high risk of cutting their dividend.
Global Net Lease Announces Release Date for Third Quarter 2024 Results
NEW YORK, Oct. 15, 2024 (GLOBE NEWSWIRE) -- Global Net Lease, Inc. (NYSE: GNL) (“GNL” or the “Company”) announced today that it will release its financial results for the third quarter ended September...
Global Net Lease Completes $569 Million of Dispositions Through Third Quarter of 2024
NEW YORK, Oct. 09, 2024 (GLOBE NEWSWIRE) -- Global Net Lease, Inc. (NYSE: GNL) (“GNL” or the “Company”) today announced continued progress on its 2024 strategic disposition plan. Through Q3 2024, GNL ...
Trick Or Treat, 3 Scary REITs
Healthcare Realty Trust, Global Net Lease, and Gladstone Commercial are REITs to avoid due to poor dividend growth and high payout ratios. HR's dividend history is weak with a payout ratio of 111%, in...
Global Net Lease, Inc. Announces Common Stock Dividend for the Fourth Quarter 2024
NEW YORK, Oct. 01, 2024 (GLOBE NEWSWIRE) -- Global Net Lease, Inc. (“GNL” or the “Company”) (NYSE: GNL / GNL PRA / GNL PRB / GNL PRD / GNL PRE) announced today that it declared a dividend of $0.275 pe...
Hurricane Helene: REIT Property Damage Report
Hurricane Helene caused significant flooding in Ashville, NC, and Atlanta, GA, impacting numerous REIT-owned properties, but the financial impact on REITs is likely less severe than it appears. REITs ...
Fed Rate Cuts Breathe New Life Into These High-Yield Stocks
Real estate is great, except for the heavy time commitment, which makes it a non-starter for me. “Brett, can you come over and change my lightbulb?
Global Net Lease, Inc. Announces Preferred Stock Dividends
NEW YORK, Sept. 19, 2024 (GLOBE NEWSWIRE) -- Global Net Lease, Inc. (“GNL” or the “Company”) (NYSE: GNL/ GNL PRA / GNL PRB / GNL PRD / GNL PRE) announced today that it declared quarterly dividends on ...
Global Net Lease Continues Momentum of Strategic Disposition Initiative With Sales of the Plant Shopping Center and Foster Wheeler Office
Dispositions Closed or Under Agreement Now Total $854 Million at a Cash Cap Rate of 7.2% Dispositions Closed or Under Agreement Now Total $854 Million at a Cash Cap Rate of 7.2%
Global Net Lease: The New Dividend Already Looks In Trouble
Global Net Lease has seen positive price action in the last 6 months, but long-term trends show negative total returns since inception. The Q2 2024 announcement highlighted some positive trends in get...
Global Net Lease: I'm Sticking With The 8.5% Yielding Preferred Shares
Global Net Lease preferred shares provide reliable income. Balance sheet concerns are being addressed. FFO and AFFO calculations show strong coverage for preferred dividends. Asset sale program and hi...
Global Net Lease: Rising Occupancy And Levered Capital Structure To Drive Outperformance
Global Net Lease manages industrial, retail, and office net lease properties, primarily in the United States. The shares have underperformed the Vanguard Real Estate Index Fund ETF so far in 2024. Q2 ...
Global Net Lease Inc. (GNL) Q2 2024 Earnings Call Transcript
Global Net Lease Inc. (NYSE:GNL) Q2 2024 Earnings Conference Call August 7, 2024 11:00 AM ET Company Participants Jordyn Schoenfeld - CPA Michael Weil - Chief Executive Officer Chris Masterson - Chie...
Global Net Lease Reports Second Quarter 2024 Results
— Increased AFFO Per Share by 2% While Reducing Outstanding Debt By $251 Million, Improving Net Debt to Adjusted EBITDA from 8.4x to 8.1x