Substantial Contracted Revenue Growth
Through the first nine months of 2025, Global Ship Lease added $778 million in contracted revenues with full contract coverage for the remainder of 2025, 96% coverage for 2026, and 74% coverage for 2027.
Dividend Increase
Global Ship Lease announced an increase in its supplemental dividend, bringing the overall dividend to $2.5 per share on an annualized basis, a 19% increase from the previous quarter and a 67% increase from $1.50 annualized a year ago.
Strong Financial Position
The company reported a cash position of $562 million and completed an $85 million refinancing, pushing the weighted average maturity to 4.7 years, with a blended cost of debt at 4.34%.
Earnings and Cash Flow Improvement
Earnings and cash flow are up compared to the first nine months of 2024, supporting payment of the expanded dividend.
Order Book and Fleet Strategy
Global Ship Lease has focused on a smaller order book with a 15% order book to fleet ratio for segments in which it participates, compared to 32% for all containerships, supporting its strategy to maintain an efficient fleet amidst changing market conditions.