Global Net Lease reported a 13.5% increase in revenue to $87.0 million, with a net loss of $13.3 million, and AFFO of $40.1 million for the fourth quarter of 2020. The company completed acquisitions of seven properties for $292.8 million and maintained a 99% rent collection rate.
Revenue from tenants grew 13.5% to $87.0 million compared to Q4 2019.
Net loss attributable to common stockholders was $13.3 million, or $0.15 per diluted share.
AFFO was $40.1 million, compared to $39.9 million in the prior year fourth quarter.
Acquired seven properties for an aggregate contract purchase price of $292.8 million.
Based on early lease extensions and the strength of the portfolio, GNL is positioned to continue building success in the coming year and beyond.
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