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Global Net Lease
(NYSE:GNL)
Global Net Lease (GNL) vs. S&P 500 (SPY)
Global Net Lease Business Overview & Revenue Model
Global Net Lease Financial Statement Overview
| Breakdown | ||||
| Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|
| Income Statement | Total Revenue | |||
| 805.01M | 515.07M | 378.86M | 391.23M | 330.10M | Gross Profit |
| 662.51M | 364.46M | 345.98M | 358.48M | 297.73M | EBIT |
| 206.48M | -15.38M | 100.54M | 111.91M | 99.24M | EBITDA |
| 568.88M | 215.72M | 279.43M | 285.54M | 230.33M | Net Income Common Stockholders |
| -175.32M | -211.91M | 12.02M | 11.37M | 10.78M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
| 159.70M | 121.57M | 103.33M | 89.67M | 124.25M | Total Assets |
| 6.96B | 8.10B | 3.96B | 4.18B | 3.97B | Total Debt |
| 4.64B | 5.29B | 2.42B | 2.45B | 2.29B | Net Debt |
| 4.48B | 5.17B | 2.31B | 2.36B | 2.17B | Total Liabilities |
| 4.77B | 5.46B | 2.51B | 2.56B | 2.41B | Stockholders Equity |
| 2.19B | 2.64B | 1.44B | 1.62B | 1.53B |
| Cash Flow | Free Cash Flow | |||
| 253.84M | 96.45M | 151.88M | 184.57M | 170.47M | Operating Cash Flow |
| 299.47M | 143.74M | 181.82M | 192.49M | 176.85M | Investing Cash Flow |
| 759.90M | -551.90M | -16.54M | -436.57M | -470.53M | Financing Cash Flow |
| -995.36M | 469.01M | -149.74M | 218.32M | 140.68M |
Global Net Lease Technical Analysis
Global Net Lease Risk Analysis
Global Net Lease Peers Comparison
Global Net Lease Earnings Call Summary
Global Net Lease Corporate Events
On April 1, 2025, Global Net Lease, Inc. announced a dividend of $0.190 per share for its common stock, payable on April 16, 2025, to stockholders of record as of April 11, 2025. This announcement reflects the company’s ongoing commitment to providing returns to its investors and may influence its market positioning by demonstrating financial stability and shareholder value.
On March 25, 2025, Global Net Lease, Inc. successfully closed the first phase of its multi-tenant portfolio sale to RCG Ventures, LLC, generating approximately $1.1 billion in gross proceeds. This transaction marks a significant step in GNL’s strategic plan to reduce leverage and enhance its financial flexibility, as the company aims to complete the sale of the remaining properties by the end of the second quarter of 2025.
On March 20, 2025, Global Net Lease, Inc. announced the declaration of quarterly dividends on its preferred stock, with payments scheduled for April 15, 2025. This announcement reflects the company’s ongoing commitment to providing returns to its shareholders through dividends on its various series of preferred stocks, potentially impacting investor confidence and market positioning.
On March 7, 2025, Global Net Lease, Inc. expanded its board of directors from nine to ten members, appointing Leon C. Richardson as a new director. Richardson, founder and CEO of The Chemico Group, brings over 15 years of governance experience and leadership across various industries, which is expected to enhance GNL’s strategic decision-making and shareholder value.
On February 28, 2025, Global Net Lease, Inc. held an earnings call to discuss its financial results for the year ending December 31, 2024. The company reported surpassing its financial objectives, completing $835 million in property dispositions, and reducing net debt significantly. A major highlight was the announced agreement to sell 100 non-core multi-tenant properties for approximately $1.8 billion, which is expected to transform GNL into a pure-play, single-tenant net lease company. This strategic move aims to enhance financial metrics, reduce operational complexities, and position the company for long-term growth, although it will result in a dividend reduction to align with the new strategy.
On February 27, 2025, Global Net Lease, Inc. announced a strategic transaction involving the sale of its multi-tenant retail portfolio to RCG Ventures Holdings for $1.78 billion. This move is expected to transform GNL into a pure-play net lease REIT, simplifying operations and enhancing portfolio metrics. The transaction is anticipated to significantly reduce leverage and improve liquidity, with net proceeds primarily used to repay outstanding debt, thereby positioning GNL for long-term growth. The sale is projected to close in two phases by the end of the second quarter of 2025, subject to customary closing conditions.
On February 27, 2025, Global Net Lease announced its financial results for the fourth quarter and full year 2024, highlighting significant achievements such as completing $835 million in dispositions and reducing net debt by $734 million. The company exceeded its full-year earnings guidance and improved its net debt to adjusted EBITDA ratio. Additionally, GNL entered a binding agreement to sell its multi-tenant portfolio for approximately $1.8 billion, aiming to transform into a pure-play, single-tenant net lease company, which would enhance its portfolio metrics, reduce leverage, and improve liquidity. This strategic move, along with a $300 million share repurchase program, underscores GNL’s commitment to sustainable growth and shareholder value.
On February 25, 2025, Global Net Lease, Inc. announced a significant transaction involving the sale of a multi-tenant retail portfolio to RCG Ventures Holdings, LLC for approximately $1.78 billion. This sale is a strategic move to accelerate the company’s deleveraging plan, transforming it into a pure-play, single-tenant net lease company. The transaction is expected to close in phases by mid-2025, with anticipated benefits including reduced leverage, improved liquidity, and enhanced portfolio metrics. Additionally, the company has authorized a $300 million share repurchase program, reflecting its commitment to optimizing shareholder value.
On February 7, 2025, Global Net Lease, Inc. announced that it will release its financial results for the fourth quarter and full year ending December 31, 2024, on February 27, 2025. The company will hold a conference call and webcast on February 28, 2025, to discuss the results and provide business performance commentary, which indicates a structured approach for stakeholders to assess the company’s financial health and strategic direction.
On January 21, 2025, Global Net Lease, Inc. appointed Ori Kravel as Chief Operating Officer, effective January 23, 2025. Mr. Kravel, previously Senior Vice President of Corporate Development, has extensive experience in capital markets and M&A transactions. He joined AR Global Investments in 2011 and has managed significant debt and equity transactions, enhancing operational efficiency. The appointment comes with an employment agreement that outlines Mr. Kravel’s compensation package, including a base salary, performance-based bonuses, and equity-based awards. The agreement also specifies terms of termination and benefits, reflecting the company’s commitment to retaining top leadership talent.