NYSE$GNL

Global Net Lease Inc · Q1 2020 earnings

Q1 2020 earnings · · Investor relations

Briefing

Global Net Lease reported first quarter results, demonstrating revenue growth and strong rent collection despite the onset of the COVID-19 pandemic.

Global Net Lease reported a 5.0% increase in revenue to $79.2 million and net income of $5.0 million for the first quarter of 2020. The company collected 98% of April cash rents and maintained a 99.6% leased portfolio.

  • Revenue increased by 5.0% year-over-year to $79.2 million.
  • Net income attributable to common stockholders was $5.0 million, or $0.05 per share.
  • The company acquired ten industrial and office properties for $113.9 million.
  • Collected 98% of April cash rents, demonstrating resilience amid the COVID-19 pandemic.

Headline financials

Total Revenue

$79.2M

Previous: $75.5M+5.0%
EPS (adj)

$0.43

Previous: $0.44-2.3%
Total Properties

288

Previous: 0
Total Square Feet

34.2M

Previous: 0
Capital Expenditures

-$116M

Previous: -$24.7M-370.3%
Free Cash Flow

-$106M

Previous: -$16.4M-549.3%
Net Income

$9.6M

Previous: $8.28M+16.0%
Operating Income

$23.8M

Previous: $24.1M-1.1%
Gross Profit

$71.9M

Previous: $67.4M+6.6%
Cash & Equivalents

$343M

No prior period
Total Assets

$3.82B

No prior period
Stock-Based Comp

$2.49M

No prior period

Revenue & EPS history

Global Net Lease · Revenue · Quarterly

$79.2M

Q1 2020+5%vs Q1 2019
Beat estimate in 4 of 10 quarters(40%)
ActualEstimate

Revenue by segment

Global Net Lease · $52.2M total across 2 segments · Q3 2023

  • Office
    $38.8M
  • Multi-Tenant Retail
    $13.4M

Forward guidance

The company has signed agreements to acquire additional net lease properties, but the completion of these acquisitions is subject to conditions and there is no assurance they will be completed.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2020

Historical avgQ1 2020

+0.2%

Avg return

Earnings day

+0.4%

Avg return

5 days after

+1.1%

Avg return

30 days after

56%

22 / 39 earnings

Positive

+6.2%

Q4 2024

Best reaction

-8.5%

Q4 2019

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-1.3%-0.3%+2.5%
Q4 2025-3.1%-3.2%-6.2%
Q3 2025+5.7%+5.0%+7.4%
Q1 2025+4.3%+5.6%+2.5%
Q4 2024+6.2%+9.7%+6.2%
Q3 2024+2.7%-0.4%-7.9%
Q2 2024+0.7%+0.4%+8.3%
Q1 2024-0.7%+2.5%+4.7%
Q4 2023-1.8%+0.1%+6.6%
Q3 2023-2.6%-5.1%+9.3%
Q2 2023+1.0%+5.8%+3.9%
Q1 2023-2.8%-7.5%-6.0%
Q4 2022+2.0%+1.3%-12.8%
Q3 2022+4.9%+6.8%+12.6%
Q2 2022-1.6%-0.3%-10.2%
Q1 2022-2.3%-8.1%+3.6%
Q4 2021+3.1%+0.9%+9.1%
Q3 2021-0.9%-3.7%-10.6%
Q2 2021+2.4%-0.6%-3.3%
Q1 2021+0.8%-1.3%+4.6%
Q4 2020+0.6%-3.1%-1.9%
Q3 2020-2.5%+12.7%+19.5%
Q2 2020+2.5%+6.6%+4.8%
Q1 2020+2.7%+2.1%+24.8%
Q4 2019-8.5%-8.1%-33.4%
Q3 2019+0.7%+1.2%+6.1%
Q2 2019+2.0%-0.1%-0.7%
Q1 2019+1.4%+2.6%+0.3%
Q4 2018-8.2%-5.8%-2.8%
Q3 2018+5.3%+4.3%-1.8%
Q2 2018+3.6%+2.2%-0.8%
Q1 2018+1.8%-2.2%+0.8%
Q4 2017-4.7%-3.7%+2.9%
Q3 2017-2.2%-1.7%-1.9%
Q2 2017-0.9%-2.4%+1.3%
Q1 2017-2.2%-3.5%-1.1%
Q4 2016+0.1%+0.4%-3.0%
Q3 2016+0.7%+6.5%+8.5%
Q2 2016-2.3%-0.9%-2.7%
Q4 2013
Q3 2013
Q2 2013
Q4 2012
Q3 2012
Q2 2012

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