Global Net Lease reported a revenue of $93.9 million for Q4 2022. The company focused on strengthening its portfolio through effective asset management and completed 12 lease renewals and four expansion projects. Subsequent to quarter end, they acquired eight properties in the United Kingdom for $75.5 million.
Revenue was $93.9 million.
Net loss was $17.7 million, or $0.17 per diluted share.
Core Funds from Operations (Core FFO) was $25.3 million, or $0.24 per diluted share.
Adjusted Funds from Operations (AFFO) was $42.2 million, or $0.41 per share.
Company did not provide forward guidance in the earnings report.
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