Global Ship Lease, Inc. (GSL)

NYSE: GSL · IEX Real-Time Price · USD
20.30
+0.10 (0.50%)
Mar 28, 2024, 4:00 PM EDT - Market closed
0.50%
Market Cap 712.27M
Revenue (ttm) 674.80M
Net Income (ttm) 294.96M
Shares Out 35.19M
EPS (ttm) 8.21
PE Ratio 2.47
Forward PE n/a
Dividend $1.50 (7.39%)
Ex-Dividend Date Feb 21, 2024
Volume 391,052
Open 20.19
Previous Close 20.20
Day's Range 20.13 - 20.37
52-Week Range 16.80 - 21.94
Beta 1.50
Analysts Strong Buy
Price Target 25.00 (+23.15%)
Earnings Date Mar 4, 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]

Industry Marine Shipping
Sector Industrials
IPO Date Aug 25, 2006
Employees 7
Stock Exchange NYSE
Ticker Symbol GSL
Full Company Profile

Financial Performance

In 2023, GSL's revenue was $674.80 million, an increase of 4.51% compared to the previous year's $645.65 million. Earnings were $294.96 million, an increase of 4.08%.

Financial Statements

Analyst Forecast

According to one analyst, the rating for GSL stock is "Strong Buy" and the 12-month stock price forecast is $25.0.

Price Target
$25.0
(23.15% upside)
Analyst Consensus: Strong Buy
Stock Forecasts

News

Global Ship Lease Files its Annual Report for 2023 on Form 20-F

ATHENS, Greece, March 20, 2024 (GLOBE NEWSWIRE) -- Global Ship Lease, Inc. (NYSE:GSL) (the "Company") filed its Annual Report on Form 20-F for the year ended December 31, 2023 (the "Form 20-F") with t...

8 days ago - GlobeNewsWire

Global Ship Lease Declares Quarterly Dividend on its 8.75% Series B Cumulative Redeemable Perpetual Preferred Shares

LONDON, March 04, 2024 (GLOBE NEWSWIRE) -- Global Ship Lease, Inc. (NYSE:GSL) (the “Company”) announced today that the Company's Board of Directors has declared a cash dividend of $0.546875 per deposi...

24 days ago - GlobeNewsWire

Global Ship Lease Reports Results for the Fourth Quarter of 2023

Contracted revenue of $1.72 billion, interest rate risk fully hedged, sustainable quarterly dividend of $0.375 per common share, well-positioned for counter-cyclical opportunities Contracted revenue o...

25 days ago - GlobeNewsWire

Global Ship Lease Announces Fourth Quarter and Full Year 2023 Earnings Release, Conference Call and Webcast

LONDON, Feb. 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 Company'...

5 weeks ago - GlobeNewsWire

Global Ship Lease Declares Quarterly Dividend per Common Share for Fourth Quarter of 2023

LONDON, Feb. 12, 2024 (GLOBE NEWSWIRE) -- Global Ship Lease, Inc. (NYSE:GSL) (the “Company”) announced today that the Company's Board of Directors has declared a dividend of $0.375 per Class A common ...

6 weeks ago - GlobeNewsWire

Global Ship Lease Announces CEO Transition

LONDON, Dec. 07, 2023 (GLOBE NEWSWIRE) -- Global Ship Lease, Inc. (NYSE: GSL) (the “Company” or “GSL”), a leading independent owner of containerships, today announced that Ian Webber, its Chief Execut...

4 months ago - GlobeNewsWire

Global Ship Lease Reports Results for the Third Quarter of 2023

Contracted revenue of $1.81 billion, interest rate risk fully hedged, sustainable quarterly dividend of $0.375 per common share Contracted revenue of $1.81 billion, interest rate risk fully hedged, su...

5 months ago - GlobeNewsWire

Global Ship Lease Announces Third Quarter 2023 Earnings Release, Conference Call and Webcast

LONDON, Oct. 26, 2023 (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 Company'...

5 months ago - GlobeNewsWire

Global Ship Lease to be a Project Partner to Bayes Business School on UK National Clean Maritime Research Hub

Collaborative effort of government, academic, and industry partners intended to accelerate decarbonization, reduce emissions, and maximize economic and societal benefits from the maritime energy trans...

6 months ago - GlobeNewsWire

Global Ship Lease Reports Results for the Second Quarter of 2023

Recent acquisitions come online, interest rate risk fully hedged, credit rating and outlook upgrades, sustainable quarterly dividend of $0.375 per common share Recent acquisitions come online, interes...

8 months ago - GlobeNewsWire

Global Ship Lease Announces Second Quarter 2023 Earnings Release, Conference Call and Webcast

LONDON, July 20, 2023 (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 Company'...

9 months ago - GlobeNewsWire

Global Ship Lease Announces Credit Rating and Outlook Upgrades

Moody's Upgrades Corporate Family Rating; S&P Improves Outlook; KBRA Affirms Investment Grade Rating of Senior Secured Notes Moody's Upgrades Corporate Family Rating; S&P Improves Outlook; KBRA Affirm...

10 months ago - GlobeNewsWire

Global Ship Lease Announces Results of 2023 Annual Meeting of Shareholders

LONDON, June 06, 2023 (GLOBE NEWSWIRE) -- Global Ship Lease, Inc. (NYSE: GSL) (the “Company” or “GSL”) today announced that its 2023 Annual Meeting of Shareholders was duly held on June 6, 2023, in At...

10 months ago - GlobeNewsWire

Global Ship Lease Reports Results for the First Quarter of 2023

Value-focused growth adds to significant contract cover, interest rate risk fully hedged, sustainable quarterly dividend of $0.375 per common share Value-focused growth adds to significant contract co...

11 months ago - GlobeNewsWire

Global Ship Lease Announces Agreement to Acquire Four Post-Panamax Containerships on Multi-Year Charters

LONDON, May 08, 2023 (GLOBE NEWSWIRE) -- Global Ship Lease, Inc. (NYSE: GSL) (the “Company”) a leading independent owner of containerships, announced today that it has agreed to purchase and charter b...

11 months ago - GlobeNewsWire

Global Ship Lease Announces Annual Meeting of Shareholders

LONDON, May 04, 2023 (GLOBE NEWSWIRE) -- Global Ship Lease, Inc. (NYSE:GSL) (the “Company”) has scheduled its Annual Meeting of Shareholders for June 6, 2023, at 10:00 a.m. Eastern Time (the “Annual M...

11 months ago - GlobeNewsWire

Global Ship Lease Announces First Quarter 2023 Earnings Release, Conference Call and Webcast

LONDON, May 01, 2023 (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 Company's...

11 months ago - GlobeNewsWire

Global Ship Lease Files its Annual Report for 2022 on Form 20-F

LONDON, March 23, 2023 (GLOBE NEWSWIRE) -- Global Ship Lease, Inc. (NYSE:GSL) (the "Company") filed its Annual Report on Form 20-F for the year ended December 31, 2022 (the "Form 20-F") with the U.S. ...

1 year ago - GlobeNewsWire

Container lines still chartering ships despite drop in cargo demand

With import demand flagging, freight rates falling, the container ship orderbook at record highs and ocean carriers canceling voyages, you might think nobody would be chartering more ships. In fact, t...

1 year ago - FreightWaves

Global Ship Lease Reports Results for the Fourth Quarter of 2022

Significant contract cover, interest rate risk fully hedged, sustainable quarterly dividend of $0.375 per Common Share Significant contract cover, interest rate risk fully hedged, sustainable quarterl...

1 year ago - GlobeNewsWire

Global Ship Lease Announces Fourth Quarter and Full Year 2022 Earnings Release, Conference Call and Webcast

LONDON, Feb. 21, 2023 (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 Company's...

1 year ago - GlobeNewsWire

Global Ship Lease Declares Quarterly Dividend per Common Share for Fourth Quarter of 2022

LONDON, Feb. 09, 2023 (GLOBE NEWSWIRE) -- Global Ship Lease, Inc. (NYSE:GSL) (the “Company”) announced today that the Company's Board of Directors has declared a dividend of $0.375 per Class A common ...

1 year ago - GlobeNewsWire

Global Ship Lease Announces Result of Reconvened Shareholder Meeting

LONDON, Feb. 02, 2023 (GLOBE NEWSWIRE) -- Global Ship Lease, Inc. (NYSE: GSL) (the “Company”) announced that today its 2022 Annual Meeting of Shareholders was reconvened for a second time (the “Meetin...

1 year ago - GlobeNewsWire

Global Ship Lease Announces Further Adjourned 2022 Annual Meeting of Shareholders

The Company to Reconvene the 2022 Annual Meeting on February 2, 2023 for Shareholders to Act on One Outstanding Proposal The Company to Reconvene the 2022 Annual Meeting on February 2, 2023 for Shareh...

1 year ago - GlobeNewsWire

Global Ship Lease Announces Results of 2022 Annual Meeting of Shareholders

The Company to Reconvene the 2022 Annual Meeting on January 5, 2023 for Shareholders to Act on One Outstanding Proposal The Company to Reconvene the 2022 Annual Meeting on January 5, 2023 for Sharehol...

1 year ago - GlobeNewsWire