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Global Net Lease (GNL)
NYSE:GNL
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Earnings Data
Report Date
Feb 26, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
-$0.11Last Year’s EPS
-$0.26Same Quarter Last Year
Based on 4 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 06, 2024
|% Change Since: -9.95%
|Next Earnings Date:Feb 26, 2025
Earnings Call Sentiment|Positive
The earnings call highlighted significant achievements in cost savings, debt reduction, and occupancy improvements, offset by challenges such as a reported net loss, a slight decline in AFFO, and currency-related debt impacts. The proactive management and strategic execution indicate a strong operational focus with optimistic future outlooks.Company Guidance
During Global Net Lease's Q3 2024 earnings call, significant guidance was provided on the company's strategic initiatives and financial performance. The executives highlighted exceeding their cost synergy target of $75 million, achieving $85 million in annual recurring savings. They reported reducing net debt by $445 million year-to-date, with $162 million reduced in Q3 alone, improving the net debt to adjusted EBITDA ratio to 8.0x from 8.4x at the beginning of the year. The company revised its asset disposition target to $650 million to $800 million, with closed dispositions and pipeline value totaling $950 million at a cash cap rate of 7.1%. Occupancy rates increased from 93% in Q1 to 96% in Q3, driven by effective leasing strategies. The company reaffirmed its AFFO per share guidance of $1.30 to $1.40 and a net debt to adjusted EBITDA range of 7.4x to 7.8x for the year, underscoring their commitment to strategic debt management and portfolio enhancement.Exceeded Cost Synergy Targets
Achieved $85 million in annual recurring savings, surpassing the initial $75 million target.
Significant Debt Reduction
Reduced outstanding net debt by $445 million in 2024, including $162 million in Q3.
Increased Disposition Target
Raised asset disposition target to $650-$800 million, with $950 million in closed dispositions and pipeline at a 7.1% cash cap rate.
Improved Occupancy Rates
Increased overall occupancy rates from 93% in Q1 to 96% in Q3.
Proactive Debt Management
Successfully addressed 100% of 2024 debt maturities, with no maturities until July 2025.
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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 |
|---|---|---|---|
| Nov 06, 2024 | $7.94 | $7.96 | +0.25% |
| Aug 06, 2024 | $8.01 | $7.82 | -2.37% |
| May 07, 2024 | $6.71 | $6.74 | +0.45% |
| Feb 27, 2024 | $6.59 | $6.43 | -2.43% |
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 Feb 26, 2025, TBA Not Confirmed.
What is Global Net Lease (GNL) earnings time?
Global Net Lease (GNL) earnings time is at Feb 26, 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 2024 (Q4) is -$0.11.
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