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Global Net Lease (GNL) Q2 FFO Match Estimates
ZACKS· 2024-08-06 23:35
Global Net Lease (GNL) came out with quarterly funds from operations (FFO) of $0.33 per share, in line with the Zacks Consensus Estimate. This compares to FFO of $0.40 per share a year ago. These figures are adjusted for non-recurring items. A quarter ago, it was expected that this real estate investment trust would post FFO of $0.33 per share when it actually produced FFO of $0.33, delivering no surprise. Over the last four quarters, the company has not been able to surpass consensus FFO estimates. Global ...
Global Net Lease Announces Release Date for Second Quarter 2024 Results
Newsfilter· 2024-07-15 10:00
Core Viewpoint - Global Net Lease, Inc. (GNL) will release its financial results for the second quarter ended June 30, 2024, on August 6, 2024, after the market closes, followed by a conference call on August 7, 2024, to discuss the results and business performance [4][1]. Group 1: Conference Call Details - The conference call will begin at 11:00 a.m. ET on August 7, 2024, and will include a question-and-answer session after the prepared remarks [1]. - The call will be accessible via a live broadcast on the GNL website, and a replay will be available from 2:00 p.m. ET on August 7, 2024, through November 7, 2024 [6][7]. Group 2: Company Overview - Global Net Lease, Inc. is a publicly traded real estate investment trust (REIT) listed on the NYSE, focusing on acquiring and managing a global portfolio of income-producing net lease assets primarily in the United States and Western and Northern Europe [2].
Are Investors Undervaluing Global Net Lease (GNL) Right Now?
ZACKS· 2024-07-12 14:46
Core Viewpoint - Value investing remains a popular strategy, focusing on identifying undervalued companies through fundamental analysis and metrics [1] Company Analysis: Global Net Lease (GNL) - GNL has a Zacks Rank of 2 (Buy) and an A for Value, with a current P/E ratio of 5.50, significantly lower than the industry average of 14.80 [2] - The P/B ratio for GNL is 0.69, compared to the industry average of 1.71, indicating attractive valuation [3] - GNL's Forward P/E has fluctuated between 4.40 and 7.24 over the past year, with a median of 5.50 [2] - The PEG ratio for GNL is 0.92, lower than the industry average of 2.04, suggesting potential undervaluation [9] - GNL's P/S ratio stands at 2.81, compared to the industry's average of 4.25, further indicating a favorable valuation [10] Company Analysis: Paramount Group (PGRE) - PGRE also holds a Zacks Rank of 2 (Buy) with a Value score of A [4] - The price-to-earnings ratio for PGRE has ranged from 5.47 to 8.06, with a median of 6.53 [5] - PGRE's PEG ratio is 0.26, significantly lower than the industry average of 2.04, indicating strong value [11] - The P/B ratio for PGRE is 0.26, compared to the industry's average of 1.71, suggesting it is undervalued [12] Overall Market Insight - Both GNL and PGRE are highlighted as strong value stocks, likely undervalued based on their earnings outlook and valuation metrics [6]
Global Net Lease Announces $321 Million of Completed Dispositions Through Second Quarter of 2024
Newsfilter· 2024-07-09 10:00
Core Viewpoint - Global Net Lease, Inc. (GNL) is making significant progress on its 2024 strategic disposition plan, which includes addressing outstanding debt and executing asset dispositions to enhance shareholder value. Group 1: Strategic Disposition Plan - GNL has completed over $321 million in dispositions through Q2 2024, including $62 million from vacant assets, which will help eliminate negative impacts on net operating income [5]. - The total dispositions, including those in the pipeline, amount to $695 million at a 7.2% cash cap rate with a weighted average lease term of 4.4 years [5]. - The company aims to use the net proceeds from these dispositions to further reduce outstanding debt and align its Net Debt to Adjusted EBITDA with net-leased peers [5]. Group 2: Debt Management - GNL has successfully addressed the remaining $155 million of outstanding debt that was scheduled to mature in 2024, resulting in zero debt maturities through July 2025 [2]. - This proactive debt management is part of the company's broader strategy to lower leverage and create long-term growth [5]. Group 3: Company Overview - Global Net Lease, Inc. is a publicly traded real estate investment trust (REIT) listed on the NYSE, focusing on acquiring and managing a global portfolio of income-producing net lease assets across the United States and Western and Northern Europe [6].
Global Net Lease, Inc. Announces Common Stock Dividend for the Third Quarter 2024
Newsfilter· 2024-07-01 10:04
NEW YORK, July 01, 2024 (GLOBE NEWSWIRE) -- Global Net Lease, Inc. ("GNL" or the "Company") (NYSE:GNL) announced today that it declared a dividend of $0.275 per share of common stock payable on July 16, 2024, to common stockholders of record at the close of business on July 11, 2024. About Global Net Lease, Inc. The statements in this press release that are not historical facts may be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking ...
Global Net Lease, Inc. Announces Preferred Stock Dividends
Newsfilter· 2024-06-20 10:00
Global Net Lease, Inc. is a publicly traded real estate investment trust listed on the NYSE, which focuses on acquiring and managing a global portfolio of income producing net lease assets across the United States, and Western and Northern Europe. Additional information about GNL can be found on its website at www.globalnetlease.com. Contacts: Investor Relations Email: investorrelations@globalnetlease.com Phone: (332) 265-2020 About Global Net Lease, Inc. The statements in this press release that are not hi ...
3 Sorry REITs to Sell in May While You Still Can
investorplace.com· 2024-05-30 10:45
We can all agree that the Federal Reserve's never-ending battle in curbing inflation has been incredibly exhausting. The latest in this saga is that the Fed believes it will have to keep interest rates "higher for longer," which will likely result in significant volatility in the stock market. With these economic pressures expected to sustain for a while, it might be time to think about REITS to sell. Real Estate Investment Trusts (REITs) are known to be sensitive to interest rate fluctuations. Some trusts ...
GNL or EGP: Which Is the Better Value Stock Right Now?
zacks.com· 2024-05-29 16:46
Core Viewpoint - The article compares Global Net Lease (GNL) and EastGroup Properties (EGP) to determine which stock represents a better undervalued investment opportunity for investors in the REIT and Equity Trust - Other sector [1] Valuation Metrics - GNL has a forward P/E ratio of 5.44, significantly lower than EGP's forward P/E of 19.23 [5] - GNL's PEG ratio is 0.91, while EGP's PEG ratio is 2.48, indicating GNL's stock is expected to grow at a more favorable rate relative to its price [5] - GNL's P/B ratio is 0.66, compared to EGP's P/B of 2.89, suggesting GNL is undervalued relative to its book value [6] Earnings Estimates - GNL currently holds a Zacks Rank of 2 (Buy), indicating positive earnings estimate revisions, while EGP has a Zacks Rank of 3 (Hold) [3] - The stronger estimate revision activity for GNL suggests a more favorable earnings outlook compared to EGP [7] Value Grades - GNL has been assigned a Value grade of A, while EGP has received a Value grade of F, highlighting GNL's superior valuation metrics [6]
Should Value Investors Buy Global Net Lease (GNL) Stock?
zacks.com· 2024-05-29 14:46
GNL is also sporting a PEG ratio of 0.90. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. GNL's PEG compares to its industry's average PEG of 1.93. Over the past 52 weeks, GNL's PEG has been as high as 1.21 and as low as 0.73, with a median of 0.94. Another valuation metric that we should highlight is GNL's P/B ratio of 0.68. The P/B is a method of comparing a stock's market value to its book value, which is defined ...
Global Net Lease(GNL) - 2024 Q1 - Quarterly Report
2024-05-08 20:16
650 Fifth Ave., 30th Floor, New York, NY 10019 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _________ to __________ Commission file number: 001-37390 Global Net Lease, Inc. (Exact name of registrant as s ...