NYSE$GNL

Global Net Lease Inc · Q4 2022 earnings

Q4 2022 earnings · · Investor relations

Briefing

Reported financial and operating results for the quarter and year ended December 31, 2022.

Global Net Lease reported a revenue of $93.9 million for Q4 2022. The company focused on strengthening its portfolio through effective asset management and completed 12 lease renewals and four expansion projects. Subsequent to quarter end, they acquired eight properties in the United Kingdom for $75.5 million.

  • Revenue was $93.9 million.
  • Net loss was $17.7 million, or $0.17 per diluted share.
  • Core Funds from Operations (Core FFO) was $25.3 million, or $0.24 per diluted share.
  • Adjusted Funds from Operations (AFFO) was $42.2 million, or $0.41 per share.

Headline financials

Total Revenue

$93.9M

Previous: $107M-11.8%
EPS (adj)

$0.24

Previous: $0.42-42.9%
Total Properties

309

Previous: 309+0.0%
Total Square Feet

39.2M

Previous: 39.3M-0.3%
Net Income

-$17.7M

Previous: -$7.81M-127.1%
Operating Income

$23.9M

Previous: $26.4M-9.5%
Gross Profit

$93.9M

Previous: $107M-11.8%
Cash & Equivalents

$103M

Previous: $89.7M+15.2%
Total Assets

$3.96B

Previous: $4.18B-5.3%
Stock-Based Comp

$2.86M

Previous: $2.73M+4.7%

Revenue & EPS history

Global Net Lease · Revenue · Quarterly

$93.9M

Q4 2022-11.8%vs Q4 2021
Beat estimate in 6 of 14 quarters(43%)
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

Company did not provide forward guidance in the 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 Q4 2022

Historical avgQ4 2022

+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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