Global Net Lease Reports First Quarter 2020 Results

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Go back to Global Net Lease Reports First Quarter 2020 Results

Global Net Lease (GNL) Tops Q1 EPS by 2c, Revenues Miss

May 6, 2020 6:15 AM EDT

Global Net Lease (NYSE: GNL) reported Q1 EPS of $0.05, $0.02 better than the analyst estimate of $0.03. Revenue for the quarter came in at $79.24 million versus the consensus estimate of $80.07 million.

First Quarter 2020 Highlights

Revenue increased 5.0% to $79.2 million from $75.5 million in first quarter 2019Net income attributable to common stockholders was $5.0 million or $0.05 per share as compared to $5.8 million or $0.07 per share in first quarter 2019Net operating income ("NOI") grew 5.5% to $71.9 million from $68.1 million in first quarter 2019Core Funds from Operations ("Core FFO") was $38.9 million or $0.43 per share as compared to $36.5 million or... More