Global Net Lease (GNL) Reports Q3 EPS of $0.03 on $64.87M

Global Net Lease (NYSE: GNL) reported Q3 EPS of $0.03. Revenue for the quarter came in at $64.87 million.

Third Quarter 2017 Highlights

• Net income attributable to stockholders was $2.1 million
• Adjusted Funds from Operations (\"AFFO\") grew 5.4% to $34.9 million, year-over-year
• Portfolio 99.4% leased with 9.1 years weighted average lease term remaining at quarter end
• Raised net proceeds of $96.3 million through the issuance of four million shares of 7.25% Series A Cumulative Redeemable Preferred Stock, $0.01 par value per share, at $25.00
• Executed a new four-year credit facility comprised of a $500.0 million Senior Unsecured Multicurrency Revolving Credit Facility with a one-year extension option and a five-year €194.6 million Senior Unsecured Term Loan
• Extended total debt maturities from 1.6 years to 3.9 years at a weighted average interest rate of 2.8%, including execution of recent $187 CMBS Facility with ten-year term, interest only financing carrying a fixed interest rate of 4.37%

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

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