Global Net Lease (NYSE: GNL) reported Q4 EPS of ($0.09), $0.15 worse than the analyst estimate of $0.06. Revenue for the quarter came in at $71.2 million versus the consensus estimate of $73.1 million.

• Revenue increased 6.9% to $71.2 million from $66.6 million in fourth quarter 2017
• Net loss attributable to common stockholders was $6.7 million and net loss attributable to common stockholders per share was $0.09
• Core Funds from Operations ("Core FFO") increased 8.3% on a year-over-year basis to $36.9 million or $0.50 per share
• Adjusted EBITDA increased 5.1% year-over-year to $53.4 million
• Adjusted Funds from Operations ("AFFO") improved 5.6% to $37.1 million, as compared to $35.2 million in the prior year fourth quarter
• The Company believes it has an agreement in principal with our former European service provider regarding an anticipated resolution of our outstanding litigation for $7.4 million, resulting in a one-time, non-recurring reserve that affects net income and FFO but has no impact to the Company\'s AFFO
• Closed on the acquisition of six properties for approximately $212 million
• The acquired properties provided nominal rental income for the period as the closings occurred on or after November 14th, with four of the six properties closed in the second half of December
• Closed on a 10-year $98.5 million multi-property mortgage loan, with a fixed interest rate of 4.9% and a 2028 maturity
• Raised gross equity proceeds of $80.8 million
• Paid common stock dividends for the quarter of $39.1 million
• Weighted average shares outstanding for the respective periods were 74,001,263 and 67,286,822

James Nelson, Chief Executive Officer of GNL, commented, "In 2018 we advanced our long term strategy significantly. Our operating results were strong, setting the foundation for continued growth. We acquired close to half a billion dollars in net leased real estate including $212 million acquired during the fourth quarter. We funded much of that growth through our ability to opportunistically access the capital markets throughout the year. These steps further solidified our balance sheet and position us well to fund future growth and build shareholder value."

For earnings history and earnings-related data on Global Net Lease (GNL) click here.