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Jun 30, 2021
Global Net Lease Q2 2021 Earnings Report
Global Net Lease's financial performance enhanced through strategic acquisitions and portfolio management.
Key Takeaways
Global Net Lease reported a revenue increase of 22.8% to $99.6 million compared to the second quarter of 2020. Core FFO grew to $44.0 million, and AFFO increased to $42.8 million. The company closed on the acquisition of the McLaren Group headquarters for $236 million and maintained a high portfolio occupancy of 99.7%.
Revenue increased by 22.8% year-over-year, reaching $99.6 million.
Net loss was $2.4 million, compared to a net income of $1.0 million in the previous year's quarter.
Core Funds from Operations (FFO) grew to $44.0 million.
Acquired McLaren Group headquarters for $236 million, enhancing the portfolio.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
Global Net Lease did not provide specific forward guidance in this earnings report.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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