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Global Net Lease Inc (N:GNL)

Business Focus: N/A

Sector:  N/A Industry:  N/A
 
See Regulatory Filings on SEC
Company Contact
Address: 650 FIFTH AVE, 30TH FLOOR
NEW YORK NY 10019
Tel: N/A
Website: https://www.globalnetlease.com
IR: See website
Key People
Edward M. Weil
President, Chief Executive Officer
Christopher J. Masterson
Chief Financial Officer, Treasurer, Secretary
 
Business Overview
Global Net Lease, Inc. is a real estate investment trust (REIT). The Company focuses on acquiring and managing a global portfolio of income producing net lease assets across the United Sates and Western and Northern Europe. The Company's segments include Industrial & Distribution, Multi-Tenant Retail, Single-Tenant Retail, and office. The Industrial & Distribution, Single-Tenant Retail and Office segments owns, manages, and leases single-tenant properties. The Multi-Tenant Retail segment owns, manages and lease multi-tenant properties. The Company owns approximately 1,300 properties, encompassing over 66 million square feet in 11 countries. Its industry diversity includes healthcare, financial services, auto manufacturing, discount retail, specialty retail, gas/convenience, freight, consumer goods, home improvement, retail banking, and quick service restaurant.
Financial Overview
For the fiscal year ended 31 December 2023, Global Net Lease Inc revenues increased 36% to $515.1M. Net loss applicable to common stockholders increased from $9.3M to $243.2M. Revenues reflect MultiTenant Retail segment increase from $0K to $79.8M, United States segment increase of 56% to $365.1M. Higher net loss reflects Interest Exp-Net of Capitalized Interest increase of 84% to $179.4M (expense). Dividend per share remained flat at $1.60.