Global Net Lease Q3 net loss $142.5M on merger costs; AFFO $0.36 per share

Global Net Lease, Inc.

2023-Q3 EPS reported -$1.62 revenue$308,344,000

Net loss of $142.5M ($1.11/sh) vs net income $9.7M in Q3 2022; includes $68.8M of merger and non-recurring costs.
Revenue $118.2M, up from $92.6M YoY, reflecting the merger with Necessity Retail REIT (19 days combined).
AFFO per share $0.36 vs $0.40 in Q3 2022; AFFO total $46.9M vs $41.3M.
Exceeded initial merger synergy estimate: achieved $56M annualized savings in first 19 days vs $54M target.
Portfolio 96.3% leased, 6.9-year WALT, 82% fixed-rate debt; targeting $75M total synergies by Q3 2024.

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 September 30, 2023 results: revenue $118.2 million, net income Net loss attributable to common stockholders was $142.5 million, EPS net (loss) income per diluted common share $(1.11).

Period: the quarter ended September 30, 2023
Revenue: $118.2 million
Net income: Net loss attributable to common stockholders was $142.5 million
EPS: net (loss) income per diluted common share $(1.11)
Result: reported results

Exact text from the filing

Revenue was $118.2 million compared to $92.6 million in third quarter 2022

View on SEC.gov

59 earnings releases filed in the last 30 days. Browse all earnings releases →

Global Net Lease, Inc. filing history →

Source: SEC EDGAR

accession 0001526113-23-000024

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.