Global Ship Lease, Inc. (GSL)
| Market Cap | 753.10M |
| Revenue (ttm) | 701.48M |
| Net Income (ttm) | 318.58M |
| Shares Out | 35.44M |
| EPS (ttm) | 8.96 |
| PE Ratio | 2.37 |
| Forward PE | 2.25 |
| Dividend | $1.65 (7.77%) |
| Ex-Dividend Date | Nov 22, 2024 |
| Volume | 412,818 |
| Open | 21.10 |
| Previous Close | 21.21 |
| Day's Range | 21.10 - 21.65 |
| 52-Week Range | 18.75 - 30.32 |
| Beta | 1.55 |
| Analysts | Strong Buy |
| Price Target | 29.00 (+36.47%) |
| Earnings Date | Nov 11, 2024 |
About GSL
Global Ship Lease, Inc., together with its subsidiaries, engages in owning and chartering of containerships under fixed-rate charters to container shipping companies worldwide. As of March 11, 2024, it owned 68 mid-sized and smaller containerships, ranging from 2,207 to 11,040 twenty-foot equivalent unit (TEU), with an aggregate capacity of 375,406 TEU. The company was founded in 2007 and is based in Athens, Greece. [Read more]
Financial Performance
In 2023, Global Ship Lease's revenue was $666.72 million, an increase of 10.29% compared to the previous year's $604.49 million. Earnings were $294.96 million, an increase of 4.08%.
Financial StatementsAnalyst Forecast
According to one analyst, the rating for GSL stock is "Strong Buy" and the 12-month stock price forecast is $29.0.
News
Global Ship Lease: A Solid Journey Across A Sea With Predictable Revenues
Global Ship Lease offers strong cash flow predictability with long-term contracts, high margins, and robust cash generation, making it an excellent investment opportunity. GSL's effective debt managem...
Global Ship Lease: Common Shares Are Getting More Interesting Than Preferreds
GSL's preferred shares are trading at a pretty substantial premium to their $25 call value. The common shares lost 30% of their value in the past few quarters. Although (container) shipping remains ve...
Global Ship Lease Declares Quarterly Dividend on its 8.75% Series B Cumulative Redeemable Perpetual Preferred Shares
ATHENS, Greece, Dec. 04, 2024 (GLOBE NEWSWIRE) -- Global Ship Lease, Inc. (NYSE:GSL) (the “Company”), a containership charter owner, announced today that the Company's Board of Directors has declared ...
Global Ship Lease Announces Agreement to Acquire Four High-Reefer ECO Containerships on Multi-Year Charters, with 10-Year Financing Committed
Addition of 4x 2015/2016-built, immediately cash-generative post-panamax vessels, purchased from non-conventional seller at a 30+% discount to open-market charter-free values, consistent with strict i...
Global Ship Lease, Inc. (GSL) Q3 2024 Earnings Call Transcript
Global Ship Lease, Inc. (NYSE:GSL) Q3 2024 Results Conference Call November 11, 2024 10:30 AM ET Company Participants Tom Lister - Chief Executive Officer Georgios Youroukos - Executive Chairman Tass...
Global Ship Lease Reports Results for the Third Quarter of 2024
Forward contract cover locked in for 76% of 2025 days and 49% of 2026 days, and breakevens reduced to enhance through-cycle profitability and cashflow generation, supporting annualized dividend of $1....
Global Ship Lease Announces Third Quarter 2024 Earnings Release, Conference Call and Webcast
ATHENS, Greece, Oct. 28, 2024 (GLOBE NEWSWIRE) -- Global Ship Lease, Inc. (NYSE:GSL) (the “Company”), a containership charter owner, announced today that it will hold a conference call to discuss the ...
Global Ship Lease: Containership Market Update (Podcast Transcript)
J Mintzmyer and Value Investor's Edge Live hosted the Global Ship Lease management team for an exclusive interview on Sept. 19. GSL owns a large containership fleet and the management team has strong ...
Global Ship Lease Inc Company Update & Container Shipping Sector Developments & Outlook
Hi, I'm Nicolas Bornozis, President of Capital Link and would like to welcome you to the Global Ship Lease corporate webinar. Our discussion today will highlight the company's current operations, busi...
Global Ship Lease: Raised Dividend By 20%, Very Undervalued
Global Ship Lease has secured long-term fixed charter rates, providing income investors with dividend visibility, and has $1.8B in contracts covering 2.2 years. GSL's Q2 '24 results show strong financ...
Global Ship Lease Provides Update on Refinancing Activity
Newly established $300 million senior secured facility enables comprehensive refinancing to streamline outstanding debt, extend maturities, improve cost of debt, and increase number of unencumbered ve...
Global Ship Lease, Inc. (GSL) Q2 2024 Earnings Call Transcript
Start Time: 10:30 January 1, 0000 11:00 AM ET Global Ship Lease, Inc. (NYSE:GSL) Q2 2024 Earnings Conference Call August 05, 2024, 10:30 PM ET Company Participants Tom Lister - Chief Executive Office...
Global Ship Lease Reports Results for the Second Quarter of 2024
Significant up-lift in forward contract cover, Supplemental Dividend increases quarterly dividend by 20% to $0.45 per common share, well-positioned for counter-cyclical opportunities when they arise S...
Global Ship Lease Announces Second Quarter 2024 Earnings Release, Conference Call and Webcast
ATHENS, Greece, July 22, 2024 (GLOBE NEWSWIRE) -- Global Ship Lease, Inc. (NYSE:GSL) (the “Company”), a containership charter owner, announced today that it will hold a conference call to discuss the ...
Global Ship Lease: I'm Still Staying Away From The Preferred Shares
Global Ship Lease's preferred shares were previously trading at a premium, making them unappealing due to potential call risk. Despite strong cash flow and coverage for preferred dividends, the prefer...
Global Ship Lease: Most Likely Still Marginally Undervalued, A Moderate Buy
Global Ship Lease stock appears undervalued by various valuation methods, with potential intrinsic values ranging from $30 to $90+. GSL's financials show robust growth, with increasing revenues, EBITD...
Global Ship Lease Announces Credit Rating Upgrades
Moody's Upgrades Corporate Family Rating; S&P Upgrades Credit Rating; KBRA Upgrades Issuer Rating and Affirms Investment Grade Rating of Senior Secured Notes Moody's Upgrades Corporate Family Rating; ...
Global Ship Lease Announces Results of 2024 Annual Meeting of Shareholders
ATHENS, Greece, June 17, 2024 (GLOBE NEWSWIRE) -- Global Ship Lease, Inc. (NYSE: GSL) (the “Company” or “GSL”) today announced that its 2024 Annual Meeting of Shareholders was duly held on June 17, 20...
Global Ship Lease Announces Introduction of Quarterly Supplemental Dividend for Common Shareholders
Quarterly supplemental dividends of $0.075 per share represent a 20% increase in dividend payments to common shareholders Increased dividend payments reflect material outperformance of containership c...
J Mintzmyer's Note Of Caution On Shipping
Shipping disruptions in the Red Sea have led to increased shipping rates in container ships, oil tankers, and dry bulk. Container ships are the most affected trade, followed by oil tankers.
Global Ship Lease, Inc. (GSL) Q1 2024 Earnings Call Transcript
Global Ship Lease, Inc. (NYSE:GSL) Q1 2024 Results Conference Call May 16, 2024 10:30 AM ET Company Participants Tom Lister - Chief Executive Officer George Youroukos - Executive Chairman Tassos Psar...
Global Ship Lease Reports Results for the First Quarter of 2024
Continued capital allocation discipline, interest rate risk fully hedged, sustainable quarterly dividend of $0.375 per common share, well-positioned for counter-cyclical opportunities, CEO transition ...
Global Ship Lease Declares Quarterly Dividend per Common Share for First Quarter of 2024
ATHENS, Greece, May 10, 2024 (GLOBE NEWSWIRE) -- Global Ship Lease, Inc. (NYSE:GSL) (the “Company”), a containership charter owner, announced today that the Company's Board of Directors has declared a...
Global Ship Lease Announces First Quarter 2024 Earnings Release, Conference Call and Webcast
ATHENS, Greece, May 07, 2024 (GLOBE NEWSWIRE) -- Global Ship Lease, Inc. (NYSE:GSL) (the “Company”), a containership charter owner, announced today that it will hold a conference call to discuss the C...
Global Ship Lease Announces Annual Meeting of Shareholders
ATHENS, Greece, May 03, 2024 (GLOBE NEWSWIRE) -- Global Ship Lease, Inc. (NYSE:GSL) (the “Company”) has scheduled its Annual Meeting of Shareholders for June 17, 2024, at 10:00 a.m. Eastern Time (the ...