earnings
confidence high
sentiment neutral
materiality 0.65
GNL Q3 2022: Core FFO $0.47 (+9.6% YoY), Revenue $92.6M, Portfolio 98.6% leased
Global Net Lease, Inc.
2022-Q3 EPS reported
$0.08
revenue$284,909,000
- Net income $9.7M ($0.09/diluted) vs $2.4M ($0.02) in Q3 2021.
- Core FFO $48.3M ($0.47/share), up 9.6% YoY; AFFO $41.3M ($0.40/share), down 6.7% YoY.
- Leased nearly 850,000 sq ft; portfolio 98.6% leased with 8.1-year weighted average lease term.
- Acquisitions pipeline $32.8M at 7.5% cap rate; net debt/enterprise value 62.3%, fixed-rate debt 74.8%.
- Quarterly dividend maintained at $0.40/share; liquidity $206.9M, including $128.0M cash.