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Global Net Lease (GNL)
:GNL
Earnings Data
Report Date
May 07, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
-0.11Last Year’s EPS
-0.15Same Quarter Last Year
Moderate Buy
Based on 3 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 27, 2025
|% Change Since: 6.24%
|Next Earnings Date:May 07, 2025
Earnings Call Sentiment|Positive
The earnings call highlighted significant achievements in exceeding disposition targets, reducing debt, and improving occupancy and cost synergies. However, the reduction in dividends and the reported net loss present challenges. Overall, the sentiment is positive as the highlights indicate strong strategic progress.Company Guidance
During the Global Net Lease (GNL) earnings call for the fourth quarter and full year 2024, the company provided several key metrics and guidance. GNL exceeded its full-year guidance by completing $835 million in dispositions, surpassing the high end of their revised range of $650 million to $800 million. The proceeds were used to reduce net debt by $734 million, lowering the net debt to adjusted EBITDA ratio from 8.4 times to 7.6 times. Despite significant dispositions, GNL maintained an AFFO per share within the original guidance range at $1.32. The company achieved $85 million in annual recurring savings due to a merger, exceeding their initial $75 million target. Occupancy rates improved from 93% to 97% during 2024, and GNL announced a major transaction to sell 100 non-core multi-tenant properties for $1.8 billion, expected to further reduce net debt to adjusted EBITDA to between 6.5 and 7.1 times. Reflecting strategic financial management, GNL also introduced initial 2025 guidance projecting an AFFO per share between $0.90 and $0.96, with adjustments in dividend payouts to align with their long-term strategy.Exceeding Disposition Guidance
Completed $835 million in dispositions during 2024, surpassing the revised guidance range of $650 million to $800 million and the original high-end projection by $235 million.
Debt Reduction Achievements
Reduced outstanding net debt by $734 million, lowering the net debt to adjusted EBITDA ratio from 8.4 times to 7.6 times by year-end.
Cost Synergies Exceeded
Delivered $85 million in annual recurring savings, exceeding the initial target of $75 million.
Increased Portfolio Occupancy
Raised occupancy rates from 93% to 97% during 2024, enhancing the portfolio's resilience and revenue base.
Positive Leasing Spreads
Achieved positive leasing spreads with renewal spreads 6.8% higher than expiring rents across nearly 1.2 million square feet.
Strategic Sale to RCG Ventures
Entered into a binding agreement to sell 100 non-core multi-tenant properties for approximately $1.8 billion, expected to transform GNL into a pure-play single-tenant net lease company.
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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
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GNL Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 27, 2025 | $7.53 | $8.00 | +6.24% |
| Nov 06, 2024 | $7.63 | $7.65 | +0.26% |
| Aug 06, 2024 | $7.70 | $7.52 | -2.34% |
| May 07, 2024 | $6.45 | $6.48 | +0.47% |
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.
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FAQ
When does Global Net Lease (GNL) report earnings?
Global Net Lease (GNL) is schdueled to report earning on May 07, 2025, TBA Not Confirmed.
What is Global Net Lease (GNL) earnings time?
Global Net Lease (GNL) earnings time is at May 07, 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 (Q1) is -0.11.
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