Global Net Lease Q1 2023 net loss $6.0M, AFFO $0.38 vs $0.43 YoY; revenue down 2.9%

Global Net Lease, Inc.

2023-Q1 EPS reported -$0.06 revenue$94,332,000

Revenue $94.3M vs $97.1M Q1 2022, down 2.9%; on constant currency basis $97.5M.
Net loss attributable to common $6.0M ($0.06 diluted) vs net income $5.5M ($0.05) YoY.
Core FFO $31.1M ($0.30/sh) vs $45.6M ($0.44); AFFO $39.8M ($0.38) vs $44.3M ($0.43).
Portfolio 98.0% leased, 7.8 yr WALT; executed 0.7M sq ft renewals at 4.2% positive spread.
Net debt/EV 60.3%; fixed rate debt 67% (down from 87.6% YoY); liquidity $184.4M.

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 0.9

Global Net Lease, Inc. reported the quarter ended March 31, 2023 results: revenue $94.3 million, net income Net loss attributable to common stockholders was $6.0 million, or $0.06 per diluted share, EPS $0.06 per diluted share.

Period: the quarter ended March 31, 2023
Revenue: $94.3 million
Net income: Net loss attributable to common stockholders was $6.0 million, or $0.06 per diluted share
EPS: $0.06 per diluted share
Result: reported results

Exact text from the filing

Global Net Lease, Inc. (NYSE: GNL) (“GNL” or the “Company”), a real estate investment trust that focuses on acquiring and managing a globally diversified portfolio of strategically-located commercial real estate properties, announced today its financial and operating results for the quarter ended March 31, 2023. First Quarter 2023 and Subsequent Events Highlights • Revenue was $94.3 million compared to $97.1 million in first quarter 2022. On a Constant Currency basis 1 , revenue would have been $97.5 million. • Net loss attributable to common stockholders was $6.0 million, or $0.06 per diluted share compared, to net income attributable to common stockholders of $5.5 million, or $0.05 per diluted share in first quarter 2022.

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Source: SEC EDGAR

accession 0001526113-23-000012

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