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Mar 31, 2020
Global Net Lease Q1 2020 Earnings Report
Global Net Lease reported first quarter results, demonstrating revenue growth and strong rent collection despite the onset of the COVID-19 pandemic.
Key Takeaways
Global Net Lease reported a 5.0% increase in revenue to $79.2 million and net income of $5.0 million for the first quarter of 2020. The company collected 98% of April cash rents and maintained a 99.6% leased portfolio.
Revenue increased by 5.0% year-over-year to $79.2 million.
Net income attributable to common stockholders was $5.0 million, or $0.05 per share.
The company acquired ten industrial and office properties for $113.9 million.
Collected 98% of April cash rents, demonstrating resilience amid the COVID-19 pandemic.
Forward Guidance
The company has signed agreements to acquire additional net lease properties, but the completion of these acquisitions is subject to conditions and there is no assurance they will be completed.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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