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Mar 31, 2023
Global Net Lease Q1 2023 Earnings Report
Global Net Lease's financial performance for the quarter ended March 31, 2023, was reported.
Key Takeaways
Global Net Lease reported a revenue of $94.3 million, a net loss attributable to common stockholders of $6.0 million, and a Core FFO of $31.1 million for the first quarter of 2023. The portfolio was 98.0% leased with a weighted average remaining lease term of 7.8 years.
Revenue was $94.3 million, but would have been $97.5 million on a constant currency basis.
Net loss attributable to common stockholders was $6.0 million, or $0.06 per diluted share.
Core Funds from Operations (FFO) was $31.1 million or $0.30 per diluted share.
Portfolio was 98.0% leased with 7.8 years of weighted average remaining lease term.
Revenue by Geographic Location
Forward Guidance
The company will continue to pursue strategic acquisitions and dispositions while proactively working with tenants to renew and expand leases as they seek to increase value for shareholders.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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