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Sep 30, 2022
Global Net Lease Q3 2022 Earnings Report
Reported strong leasing results with nearly 850,000 square feet leased and a revenue of $92.6 million.
Key Takeaways
Global Net Lease reported a decrease in revenue to $92.6 million, but net income attributable to common stockholders increased to $9.7 million. The company leased nearly 850,000 square feet during the quarter and is seeing strength in the growing pipeline of accretive acquisition opportunities.
Revenue was $92.6 million, but on a constant currency basis, revenue increased 2% to $97.5 million.
Net income attributable to common stockholders was $9.7 million, or $0.09 per share.
Core Funds from Operations (FFO) grew 9.6% to $48.3 million, or $0.47 per share.
Portfolio is 98.6% leased with 8.1 years of weighted average remaining lease term.
Forward Guidance
Global Net Lease did not provide specific forward guidance in this earnings report.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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