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 20 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
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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