NYSE$GNL

Global Net Lease Inc · Q2 2021 earnings

Q2 2021 earnings · · Investor relations

Briefing

Global Net Lease's financial performance enhanced through strategic acquisitions and portfolio management.

Global Net Lease reported a revenue increase of 22.8% to $99.6 million compared to the second quarter of 2020. Core FFO grew to $44.0 million, and AFFO increased to $42.8 million. The company closed on the acquisition of the McLaren Group headquarters for $236 million and maintained a high portfolio occupancy of 99.7%.

  • Revenue increased by 22.8% year-over-year, reaching $99.6 million.
  • Net loss was $2.4 million, compared to a net income of $1.0 million in the previous year's quarter.
  • Core Funds from Operations (FFO) grew to $44.0 million.
  • Acquired McLaren Group headquarters for $236 million, enhancing the portfolio.

Headline financials

Total Revenue

$99.6M

Previous: $81.1M+22.8%
EPS (adj)

$0.46

Previous: $0.39+17.9%
Total Properties

311

Previous: 296+5.1%
Total Square Feet

38.2M

Previous: 34.6M+10.4%
Capital Expenditures

-$270M

Previous: -$147M-83.5%
Free Cash Flow

-$267M

Previous: -$142M-88.8%
Net Income

$2.59M

Previous: $5.53M-53.2%
Operating Income

$29M

Previous: $24.3M+19.2%
Gross Profit

$92.1M

Previous: $73.3M+25.7%
Cash & Equivalents

$175M

Previous: $317M-44.8%
Total Assets

$4.24B

Previous: $3.79B+11.8%
Stock-Based Comp

$3.01M

Previous: $2.51M+19.7%

Revenue & EPS history

Global Net Lease · Revenue · Quarterly

$99.6M

Q2 2021+22.8%vs Q2 2020
Beat estimate in 6 of 15 quarters(40%)
ActualEstimate

Revenue by segment

Global Net Lease · $99.5M total across 3 segments · Q2 2021

  • Industrial & Distribution
    $51.8M—
  • Office
    $42.8M—
  • Retail
    $4.98M—

Forward guidance

Global Net Lease 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 19 quarterly earnings reports · overlaid with Q2 2021

Historical avgQ2 2021

+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
Q2 2025———
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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