GNL reports Q4 net loss $17.7M, AFFO $0.41; full year AFFO $1.67, revenue down 3% YoY

Global Net Lease, Inc.

2022-FY EPS reported -$0.09 revenue$378,857,000

Q4 net loss $17.7M ($0.17/diluted share) vs $7.8M loss in Q4 2021; full year net loss $8.4M ($0.09/share).
Q4 AFFO $42.2M ($0.41/share) vs $46.0M ($0.44) prior year; full year AFFO $172.9M ($1.67) vs $173.5M ($1.77).
Full year revenue $378.9M, down 3% from $391.2M in 2021; Q4 revenue $93.9M vs $106.5M.
Portfolio 98% leased, 8.0 years WALT; 60.5% annualized rent from investment grade tenants.
Post-quarter acquired 8 UK properties for $75.5M at 10.6% cap rate; year acquired 3 properties for $33.3M at 6.8% cap.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Global Net Lease, Inc. reported year ended December 31, 2022 results: revenue $378.9 million, net income Net loss was $8.4 million, or $0.09 per diluted share, EPS $(0.09) per diluted share.

Period: year ended December 31, 2022
Revenue: $378.9 million
Net income: Net loss was $8.4 million, or $0.09 per diluted share
EPS: $(0.09) per diluted share
Result: reported results

Exact text from the filing

commercial real estate properties, announced today its financial and operating results for the quarter and year ended December 31, 2022. Full Year 2022 • Revenue was $378.9 million and, on a Constant Currency 1 basis, would have been $394.2 million, a 1% increase from $391.2 million in prior year. Prior year revenue included a lease termination fee of $8.8

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Global Net Lease, Inc. reported fourth quarter 2022 results: revenue $93.9 million, net income Net loss was $17.7 million, or $0.17 per diluted share, EPS $(0.17) per diluted share.

Period: fourth quarter 2022
Revenue: $93.9 million
Net income: Net loss was $17.7 million, or $0.17 per diluted share
EPS: $(0.17) per diluted share
Result: reported results

Exact text from the filing

term 7 • Subsequent to quarter end, acquired eight properties in the United Kingdom for $75.5 million at a weighted-average cap rate of 10.6%. Fourth Quarter 2022 • Revenue was $93.9 million. On a Constant Currency basis, revenue would have been $98.8 million, compared to $106.5 million in fourth quarter 2021. The prior year results included a lease termination fee

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Global Net Lease, Inc. filing history →

Source: SEC EDGAR

accession 0001526113-23-000004

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