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Jun 30, 2024
Global Net Lease Q2 2024 Earnings Report
Increased AFFO per share while reducing outstanding debt and closed plus disposition pipeline.
Key Takeaways
Global Net Lease reported a net loss attributable to common stockholders of $46.6 million. However, the company grew AFFO per diluted share by 2% to $0.33, reduced outstanding debt by $251 million, and closed disposition pipeline of $728 million.
AFFO per diluted share grew 2% to $0.33.
Closed plus disposition pipeline of $728.0 million at a cash cap rate of 7.3%.
Debt reduction of $251 million in the quarter, improving Net Debt to Adjusted EBITDA to 8.1x.
Raised 2024 closed disposition guidance to $650 million to $800 million from $400 million to $600 million.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
GNL reaffirms its 2024 AFFO per share guidance range of $1.30 to $1.40 and a net debt to Adjusted EBITDA range of 7.4x to 7.8x.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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