Brief: Global Net Lease Q2 Adjusted FFO Per Share USD 0.24

Global Net Lease

06/08/2025 21:15

Overview

GNL Q2 revenue falls to $124.9 mln due to asset dispositions

Core FFO drops to $7.1 mln from $50.9 mln in Q2 2024

Company reduces net debt by $748 mln, improving leverage ratio

GNL raises low end of 2025 AFFO guidance

Outlook

Global Net Lease raises 2025 AFFO guidance to $0.92-$0.96 per share

Company reaffirms Net Debt to Adjusted EBITDA range of 6.5x to 7.1x

Result Drivers

ASSET DISPOSITIONS - Revenue decline attributed to sale of multi-tenant retail portfolio, simplifying operations

DEBT REDUCTION - Net debt reduced by $748 mln, improving leverage ratio and credit rating upgrade

REFINANCING - $1.8 bln refinancing of revolving credit facility lowered cost of capital and extended debt maturity

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue From Tenants
$124.90 mln
Q2 Net Income
-$35.08 mln
Q2 Core FFO
$7.12 mln
Q2 NAREIT FFO
-$14.40 mln
Q2 Adjusted FFO Per Share
$0.24


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 3 "strong buy" or "buy", 4 "hold" and 1 "sell" or "strong sell"

The average consensus recommendation for the commercial reits peer group is "buy."

Wall Street's median 12-month price target for Global Net Lease Inc is $9.50, about 27.7% above its August 5 closing price of $6.87

Press Release: ID:nGNX4kxCmQ

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)