Global Net Lease Reports Second Quarter 2020 Results
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Global Net Lease (GNL) Misses Q2 EPS by 1c, Revenues Beat
August 5, 2020 6:18 AM EDTGlobal Net Lease (NYSE: GNL) reported Q2 EPS of $0.01, $0.01 worse than the analyst estimate of $0.02. Revenue for the quarter came in at $81.1 million versus the consensus estimate of $80.02 million.
Second Quarter 2020 and Subsequent Events Highlights
Revenue increased 6.6% to $81.1 million from $76.1 million in second quarter 2019Net income attributable to common stockholders was $1.0 million as compared to $12.6 million in second quarter 2019 due to a $7 million decrease in gains from real estate dispositions in 2019Net operating income ("NOI") grew 6.1% to $73.3 million from $69.1 million in second quarter 2019Core Funds from Operations ("Core FFO")... More