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Global Net Lease (GNL)
NYSE:GNL
Earnings Data
Report Date
Jul 31, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
-0.13Last Year’s EPS
-0.2Same Quarter Last Year
Moderate Buy
Based on 6 Analysts Ratings
Earnings Call Summary
Earnings Call Date:May 07, 2025
|% Change Since: 0.40%
|Next Earnings Date:Jul 31, 2025
Earnings Call Sentiment|Neutral
The earnings call highlighted GNL's strategic initiatives to reduce leverage and streamline its portfolio through significant asset sales. Despite the positive progress in deleveraging and occupancy improvements, the company faced challenges with tenant vacancies and market volatility, resulting in a net loss for the quarter.Company Guidance
During Global Net Lease Inc.'s first quarter 2025 earnings call, the company provided detailed guidance on its financial and operational strategies. The firm reported a net loss attributable to common stockholders of $200.3 million and an AFFO of $66.2 million, or $0.29 per share. The company outlined its strategic focus on deleveraging, having paid down $850 million on its revolving credit facility, which contributed to a reduction in its net debt to adjusted EBITDA ratio from 8.4 times in the first quarter of 2024 to 6.7 times. GNL reiterated its goal of achieving an investment grade credit rating, with Fitch and S&P placing the company on credit watch positive. The firm's revenue stood at $132.4 million, with a portfolio occupancy of 95% and a weighted average lease term of 6.3 years. The company's debt structure is predominantly fixed at 91%, with a weighted average interest rate of 4.4%. GNL reaffirmed its 2025 AFFO per share guidance range of $0.90 to $0.96 and aims to further reduce its net debt to adjusted EBITDA ratio to between 6.5 and 7.1 times. Additionally, the company announced a $300 million share repurchase program, having already repurchased 7.9 million shares at a weighted average price of $7.50.Strategic Sale of Multi-Tenant Portfolio
GNL completed the first phase of its multi-tenant portfolio sale to RCG Ventures, generating $1.1 billion in gross proceeds. The net proceeds were used to reduce leverage, paying down $850 million on GNL's revolving credit facility.
Significant Deleveraging Efforts
GNL reduced its net debt to adjusted EBITDA from 8.4 times in Q1 2024 to 6.7 times in Q1 2025, with further reductions expected through additional asset sales.
Strong Portfolio Performance
The portfolio achieved an occupancy rate of 95%, with a weighted average lease term of 6.3 years and an average annual rent increase of 1.5%.
Positive Leasing Activity
GNL achieved positive leasing spreads with new leases and renewals having weighted average lease terms of 5 and 6.6 years, respectively.
Share Repurchase Program
GNL repurchased 7.9 million shares at a weighted average price of $7.50, totaling $59 million, reflecting a strategic approach to capitalize on undervalued stock prices.
GNL Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
GNL Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 07, 2025 | $7.53 | $7.85 | +4.25% |
Feb 27, 2025 | $7.32 | $7.78 | +6.28% |
Nov 06, 2024 | $7.42 | $7.44 | +0.27% |
Aug 06, 2024 | $7.49 | $7.32 | -2.27% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Global Net Lease (GNL) report earnings?
Global Net Lease (GNL) is schdueled to report earning on Jul 31, 2025, TBA Not Confirmed.
What is Global Net Lease (GNL) earnings time?
Global Net Lease (GNL) earnings time is at Jul 31, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is GNL EPS forecast?
GNL EPS forecast for the fiscal quarter 2025 (Q2) is -0.13.