NYSE$GNL
Global Net Lease Inc · Q2 2020 earnings
Q2 2020 earnings · · Investor relations
Briefing
Global Net Lease reported an increase in revenue and NOI, but a decrease in net income attributable to common stockholders and AFFO per share, while maintaining a high rent collection rate and making strategic acquisitions and financing transactions.
Global Net Lease reported a 6.6% increase in revenue to $81.1 million and a 6.1% increase in NOI to $73.3 million compared to the second quarter of 2019. However, net income attributable to common stockholders decreased to $1.0 million, and AFFO per share was $0.44. The company collected 98% of second quarter cash rents and acquired eight properties for $31 million. They also completed several financing transactions at historically low interest rates.
- Revenue increased by 6.6% year-over-year, reaching $81.1 million.
- Net income attributable to common stockholders decreased to $1.0 million.
- 98% of second quarter cash rents were collected as of July 31, 2020.
- Eight industrial and office properties were acquired for $31 million at an 8.45% weighted-average capitalization rate.
Headline financials
Revenue & EPS history
Global Net Lease · Revenue · Quarterly
$81.1M
Revenue by segment
Global Net Lease · $52.2M total across 2 segments · Q3 2023
- Office$38.8M—74.3%
- Multi-Tenant Retail$13.4M—25.7%
Forward guidance
The company did not provide specific forward guidance in this earnings report.
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 Q2 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
| Quarter | Report date | Reaction (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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