Global Net Lease ( (GNL) ) has released its Q1 earnings. Here is a breakdown of the information Global Net Lease presented to its investors.
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Global Net Lease, Inc. is a publicly traded real estate investment trust that focuses on acquiring and managing a diversified portfolio of income-producing net lease assets across the United States, United Kingdom, and Europe.
In its first quarter of 2025, Global Net Lease reported significant progress in its strategic initiatives, including the successful closure of the first phase of a multi-tenant portfolio sale, which generated $1.1 billion in gross proceeds. The company also reduced its net debt by $833 million and repurchased 7.9 million shares.
Key financial metrics for the quarter included a revenue of $132.4 million, a decrease from $147.9 million in the same period last year, primarily due to asset dispositions. The net loss attributable to common stockholders was $200.3 million, a significant increase from the previous year’s loss, largely due to the timing and purchase price allocation related to the portfolio sale. The company reported Core Funds from Operations of $35.0 million and Adjusted Funds from Operations of $66.2 million.
Looking ahead, Global Net Lease reaffirms its 2025 guidance for AFFO per share and expects to complete the remaining phases of the multi-tenant portfolio sale by the end of the second quarter. The company aims to continue strengthening its balance sheet and enhancing financial flexibility to pursue new opportunities aligned with its strategic vision.