Record Contracted Revenues
Global Ship Lease added $352 million of contracted revenues in Q1 2025, bringing the 2025 contract cover to 93% and 2026 cover to 75%.
Increased Dividend
Annualized dividend increased to $2.10 per share, up 40% from the previous year.
Strong Cash Position
The cash position is $428 million, with $95 million restricted, allowing for flexibility in investment and risk management.
Reduced Financial Leverage
Net debt to EBITDA ratio reduced to under 1, down from 8.4 times at the end of 2018.
Strategic Fleet Management
Opportunistically monetized older ships at attractive prices to build dry powder for future investments.