NYSE$GNL

Global Net Lease Inc · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

Global Net Lease reported Q4 2021 results with revenue increase and strategic portfolio expansion.

Global Net Lease reported a strong fourth quarter with a 22.4% increase in revenue, driven by strategic acquisitions and lease extensions. Core FFO and NOI also saw significant growth, while the company continued to optimize its portfolio through strategic dispositions and acquisitions.

  • Revenue increased by 22.4% to $106.5 million compared to Q4 2020.
  • Core Funds from Operations (FFO) increased by 65.9% to $43.6 million.
  • Net Operating Income (NOI) grew by 23.4% to $95.6 million.
  • Acquired 19 properties for $170.8 million with a weighted average remaining lease term of 16.6 years.

Headline financials

Total Revenue

$107M

Previous: $87M+22.4%
EPS (adj)

$0.42

Previous: $0.29+44.8%
Total Properties

309

Previous: 306+1.0%
Total Square Feet

39.3M

Previous: 37.2M+5.6%
Net Income

-$7.81M

Previous: -$8.5M+8.0%
Operating Income

$26.4M

Previous: $25.1M+5.1%
Gross Profit

$107M

Previous: $87M+22.4%
Cash & Equivalents

$89.7M

Previous: $124M-27.8%
Total Assets

$4.18B

Previous: $3.97B+5.4%
Stock-Based Comp

$2.73M

Previous: $2.59M+5.5%

Revenue & EPS history

Global Net Lease · Revenue · Quarterly

$107M

Q4 2021+22.4%vs Q4 2020
Beat estimate in 6 of 16 quarters(38%)
ActualEstimate

Revenue by segment

Global Net Lease · $107M total across 3 segments · Q4 2021

  • Industrial & Distribution
    $57.5M
  • Office
    $44.7M
  • Retail
    $4.26M

Forward guidance

Global Net Lease is well-positioned to continue executing accretive transactions that will further enhance its global portfolio, and the company looks forward to carrying that momentum into 2022 and beyond.

Tailwinds

  • Continue to execute on accretive transactions.
  • Enhance the global portfolio.
  • Maintain a high occupancy rate.
  • Focus on high-quality tenants.
  • Expand global presence.

Headwinds

  • Potential adverse effects of the ongoing global COVID-19 pandemic.
  • Any potential future acquisition is subject to market conditions and capital availability.
  • Acquisitions may not be identified or completed on favorable terms, or at all.
  • Risks and uncertainties set forth in the Company's Annual Report on Form 10-K.
  • Changes to future operating results.

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 Q4 2021

Historical avgQ4 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

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro