Global Net Lease ( (GNL) ) has released its Q2 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 global portfolio of income-producing net lease assets across the United States, United Kingdom, and Western and Northern Europe.
In its second quarter 2025 earnings report, Global Net Lease announced significant strategic moves, including the completion of its transformation into a pure-play net lease REIT by closing the final phases of its multi-tenant portfolio sale. The company also reported a reduction in net debt by $748 million and completed a $1.8 billion refinancing of its revolving credit facility.
Key financial highlights from the quarter include a revenue of $124.9 million, a decrease from $145.5 million in the same period last year, primarily due to asset dispositions. The company reported a net loss attributable to common stockholders of $35.1 million, an improvement from the $46.6 million loss in the second quarter of 2024. Adjusted Funds from Operations (AFFO) stood at $53.1 million, or $0.24 per share, down from $76.7 million, or $0.33 per share, in the previous year.
The company also executed a share repurchase program, buying back 10.2 million shares, and increased its liquidity to $1.0 billion. Additionally, Global Net Lease received a credit rating upgrade from S&P Global, reflecting its improved financial position and strategic focus.
Looking ahead, Global Net Lease has raised the low end of its 2025 AFFO guidance and remains focused on reducing leverage and strengthening its balance sheet. The company believes it is well-positioned to continue executing its strategic objectives in the second half of the year.