Global Net Lease Inc reports results for the quarter ended in September 30 - Earnings Summary

Global Net Lease

07/11/2024 14:56

* Global Net Lease Inc  GNL.N  reported a quarterly adjusted
loss
of 33 cents​​ per share for the quarter ended September 30,
higher than the same quarter last year, when the company
reported EPS of $-1.11.  The lone analyst forecast for the
quarter was for a loss of 16 cents per share. 
    * Revenue rose 66.3% to $196.56 million from a year ago;
analysts
expected $200.80 million. 
    * Global Net Lease Inc's reported EPS for the quarter was a
loss
of 33 cents​.
    * The company reported a quarterly loss of $76.57 million.
    * Global Net Lease Inc shares had fallen by 5.7% this
quarter and
lost 20.2% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 1.1%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 5
"hold" and 1 "sell" or "strong sell." 
    * The average consensus recommendation for the commercial
reits
peer group is also "hold"

Wall Street's median 12-month price target for Global Net Lease
Inc is 10.00 
This summary was machine generated from LSEG data November 7 at
02:56 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2024      0.32           0.32           Met
 Jan. 1 0001       0.33           0.33           Met
 Mar. 31 2024      0.31           0.33           Beat
 Dec. 31 2023      0.39           0.31           Missed