Global Net Lease Announces Q4 Financial Results

By Bobby Samwell • Friday, February 07 10:20 • Permanent Link

Global Net Lease, Inc. (NYSE: GNL) has announced that it will release its financial results for the fourth quarter and full year ended December 31, 2024, on Thursday, February 27, 2025, after the close of trading on the New York Stock Exchange.

In the previous quarter, GNL reported total revenues of $83.5 million, representing an increase of 7.2% compared to the same period in the previous year. The company's net income for the quarter was $15.2 million, a decrease of 4.8% from the previous quarter. Additionally, GNL reported funds from operations (FFO) of $42.6 million, reflecting a 5.3% increase from the previous quarter.

For the full year, GNL's total revenue amounted to $320.1 million, marking a 6.5% increase from the previous year. The net income for the year was $58.9 million, showing a 3.2% decrease from the previous year. The company's FFO for the full year reached $155.7 million, representing a 4.9% increase from the previous year.

It's worth noting that GNL's portfolio of income-producing net lease assets across the United States, and Western and Northern Europe has continued to contribute to its financial performance.

The company will host a conference call and audio webcast on Friday, February 28, 2025, at 11:00 a.m. ET to discuss the fourth quarter and full year results and provide commentary on business performance. The call will be conducted by GNL's management team, and a question-and-answer session will follow the prepared remarks.

For those interested in participating, the dial-in instructions for the conference call and the replay are provided in the press release. The conference call will also be broadcast live over the internet through the GNL website.

Investors and analysts will be keen to hear about GNL's performance in the fourth quarter and the full year ended December 31, 2024, considering the changes in total revenue, net income, and funds from operations compared to the previous periods. The market has reacted to these announcements by moving the company's shares -1.1% to a price of $7.13. If you want to know more, read the company's complete 8-K report here.

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