Global Net Lease (GNL) Reports Q1 EPS of $0.03 on Revenues of $68.1M

Global Net Lease (NYSE: GNL) reported Q1 EPS of $0.03. Revenue for the quarter came in at $68.1 million.

First Quarter 2018 Highlights

• Revenue increased 8.4% year over year to $68.1 million
• Net income attributable to common stockholders was $2.4 million 1.
• Adjusted Funds from Operations ("AFFO") was $35.1 million as compared to $34.5 million in prior year first quarter, weighted average shares outstanding for the respective periods were 67,287,231 and 66,271,008.
• Portfolio 99.5% leased with 8.6 years weighted average lease term remaining at quarter end and 78.3% of tenants rated as investment grade or implied investment grade.2
• Closed on six industrial and distribution assets totaling 759,940 square feet for $63.4 million.
• Debt maturity extended to 3.6 years as compared to 1.6 years at end of the first quarter of 2017 coupled with a meaningful shift to a higher percentage of fixed rate debt from 76 % to 83%

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

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