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Sep 30, 2021
Global Net Lease Q3 2021 Earnings Report
Global Net Lease reported third quarter 2021 results, demonstrating revenue growth and strong rent collection.
Key Takeaways
Global Net Lease reported a strong third quarter with revenue increasing by 15.8% compared to the same period in 2020. The company achieved nearly 100% rent collection and grew Core FFO by 27.4%.
Revenue increased 15.8% to $95.8 million from $82.7 million in third quarter 2020
Net income was $2.4 million as compared to net loss of $0.5 million in third quarter 2020
Core Funds from Operations (“Core FFO”) grew 27.4% to $44.1 million compared to $34.6 million in third quarter 2020
Collected nearly 100% of third quarter original cash rents, including nearly 100% from top 20 tenants
Revenue by Geographic Location
Forward Guidance
The company expects to build on its out-performance through the end of this year and into 2022.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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