Global Net Lease (DB:2N8) - Stock Price, News & Analysis

2N8 Stock Overview

Global Net Lease, Inc. (NYSE: GNL) is a publicly traded real estate investment trust listed on the NYSE.

2N8 fundamental analysis
Snowflake Score
Valuation	5/6
Future Growth	0/6
Past Performance	0/6
Financial Health	3/6
Dividends	2/6

Rewards

Trading at 53.2% below our estimate of its fair value

Trading at good value compared to peers and industry

Risk Analysis

Dividend of 13.82% is not well covered by earnings or free cash flows

Currently unprofitable and not forecast to become profitable over the next 3 years

Global Net Lease, Inc. Competitors

Fair Value REIT-AG

DB:FVI

€55.3m

alstria office REIT-AG

XTRA:AOX

€1.2b

Hamborner REIT

XTRA:HABA

€523.0m

Redefine Properties

JSE:RDF

R32.5b

Price History & Performance

Summary of all time highs, changes and price drops for Global Net Lease
Historical stock prices
Current Share Price	US$7.22
52 Week High	US$9.36
52 Week Low	US$6.09
Beta	1.35
11 Month Change	-6.47%
3 Month Change	-5.00%
1 Year Change	-2.90%
33 Year Change	-46.76%
5 Year Change	-58.95%
Change since IPO	-66.40%

Recent updates

Shareholder Returns

	2N8	DE REITs	DE Market
7D	0.3%	-1.7%	1.1%
1Y	-2.9%	7.4%	12.5%

Return vs Industry: 2N8 underperformed the German REITs industry which returned 7.1% over the past year.

Return vs Market: 2N8 underperformed the German Market which returned 11.8% over the past year.

Price Volatility

Is 2N8's price volatile compared to industry and market?
2N8 volatility
2N8 Average Weekly Movement	4.5%
REITs Industry Average Movement	2.4%
Market Average Movement	4.9%
10% most volatile stocks in DE Market	11.6%
10% least volatile stocks in DE Market	2.4%

Stable Share Price: 2N8 has not had significant price volatility in the past 3 months compared to the German market.

Volatility Over Time: 2N8's weekly volatility (5%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
2011	1	Mike Weil	www.globalnetlease.com

Global Net Lease, Inc. (NYSE: GNL) is a publicly traded real estate investment trust listed on the NYSE. The firm focused on acquiring a diversified global portfolio of commercial properties, with an emphasis on sale-leaseback transactions involving single tenant, mission critical income producing net-leased assets across the United States, Western and Northern Europe.

Global Net Lease, Inc. Fundamentals Summary

How do Global Net Lease's earnings and revenue compare to its market cap?
2N8 fundamental statistics
Market cap	€1.69b
Earnings (TTM)	-€201.55m
Revenue (TTM)	€752.65m

2.3x

P/S Ratio

-8.4x

P/E Ratio

Is 2N8 overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
2N8 income statement (TTM)
Revenue	US$812.62m
Cost of Revenue	US$151.92m
Gross Profit	US$660.70m
Other Expenses	US$878.31m
Earnings	-US$217.61m

Last Reported Earnings

Sep 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	-0.94
Gross Margin	81.31%
Net Profit Margin	-26.78%
Debt/Equity Ratio	209.1%

How did 2N8 perform over the long term?

See historical performance and comparison

Dividends

13.8%

Current Dividend Yield

774%

Payout Ratio

2N8 Stock Overview

Rewards

Risk Analysis

Global Net Lease, Inc. Competitors

DB:FVI

€55.3m

XTRA:AOX

€1.2b

XTRA:HABA

€523.0m

JSE:RDF

R32.5b

Price History & Performance

Recent News & Updates

Third quarter 2024 earnings released: US$0.33 loss per share (vs US$1.11 loss in 3Q 2023)

Global Net Lease, Inc. to Report Q3, 2024 Results on Nov 06, 2024

Second quarter dividend of US$0.28 announced

Global Net Lease, Inc. Announces Common Stock Dividend for the Fourth Quarter 2024, Payable on October 16, 2024

Second quarter 2024 earnings released: US$0.20 loss per share (vs US$0.30 loss in 2Q 2023)

Now 20% undervalued

Recent updates

Third quarter 2024 earnings released: US$0.33 loss per share (vs US$1.11 loss in 3Q 2023)

Global Net Lease, Inc. to Report Q3, 2024 Results on Nov 06, 2024

Second quarter dividend of US$0.28 announced

Global Net Lease, Inc. Announces Common Stock Dividend for the Fourth Quarter 2024, Payable on October 16, 2024

Second quarter 2024 earnings released: US$0.20 loss per share (vs US$0.30 loss in 2Q 2023)

Now 20% undervalued

First quarter dividend of US$0.28 announced

Global Net Lease, Inc.(NYSE:GNL) dropped from Russell 2000 Value-Defensive Index

Global Net Lease, Inc. Announces Common Stock Dividend for Third Quarter 2024, Payable on July 16, 2024

Insider recently sold €2.7m worth of stock

An undisclosed buyer acquired Portfolio of nine cold storage properties of Global Net Lease, Inc. from Global Net Lease, Inc. (NYSE:GNL) for $170 million.

First quarter 2024 earnings released: US$0.15 loss per share (vs US$0.06 loss in 1Q 2023)

Global Net Lease, Inc., Annual General Meeting, May 23, 2024

Global Net Lease, Inc. Announces Appointment of Edward M. Weil as President

Fourth quarter dividend of US$0.28 announced

Global Net Lease, Inc. Announces Common Stock Dividend for the Second Quarter Ended June 30, 2024, Payable on April 16, 2024

No longer forecast to breakeven

Global Net Lease, Inc. Appoints Robert Kauffman, Fortress Co-Founder, to Board of Directors

No longer forecast to breakeven

Global Net Lease, Inc. Provides Dividend Guidance for the Year 2024

Global Net Lease, Inc. Appoints Michael J. U. Monahan as Board of Directors

Full year 2023 earnings released: US$1.68 loss per share (vs US$0.09 loss in FY 2022)

Global Net Lease, Inc. to Report Q4, 2023 Results on Feb 27, 2024

Global Net Lease, Inc. Declares Dividend on Its Outstanding Common Stock for the Quarter Ended March 31, 2024, Payable on January 16, 2024

Global Net Lease, Inc. Announces Impairment Charges for the Third Quarter Ended September 30, 2023

Third quarter 2023 earnings released: US$1.09 loss per share (vs US$0.091 profit in 3Q 2022)

Global Net Lease, Inc. Announces Committee Changes

Global Net Lease, Inc. to Report Q3, 2023 Results on Nov 07, 2023

Global Net Lease, Inc. (NYSE:GNL) completed the acquisition of The Necessity Retail REIT, Inc. (NasdaqGS:RTL) from The Vanguard Group, Inc., BlackRock, Inc. (NYSE:BLK), State Street Corporation (NYSE:STT) and others.

New major risk - Shareholder dilution

New minor risk - Shareholder dilution

Orange Capital Issues Statement and Releases Key Questions in Advance of Global Net Lease, Inc Management Call

Orange Capital Ventures Issues Investor Presentation with Shareholders of Global Net Lease

Forecast to breakeven in 2024

Second quarter 2023 earnings released: US$0.30 loss per share (vs US$0.058 loss in 2Q 2022)

Global Net Lease, Inc. to Report Q2, 2023 Results on Aug 03, 2023

Blackwells Capital Provides Information to Shareholders of Global Net Lease

Global Net Lease, Inc. (NYSE:GNL) entered into a definitive merger agreement to acquire The Necessity Retail REIT, Inc. (NasdaqGS:RTL) for approximately $940 million.

Forecast breakeven date pushed back to 2025

Blackwells Capital Calls on Global Net Lease and The Necessity Retail REIT to Confirm Annual Meeting Dates

First quarter 2023 earnings released: US$0.058 loss per share (vs US$0.051 profit in 1Q 2022)

Insufficient new directors

Forecast breakeven date pushed back to 2023

Global Net Lease, Inc. to Report Q4, 2022 Results on Feb 23, 2023

Global Net Lease, Inc. (NYSE:GNL) acquired Eight Properties in the United Kingdom for £61 million.

Global Net Lease, Inc. Announces Common Stock Dividend for First Quarter 2023, Payable on January 17, 2023

An unknown buyer acquired Three properties in the US, UK and France from Global Net Lease, Inc. (NYSE : GNL) for $56 million.

Blackwells Capital Announces Lawsuit Against Global Net Lease and The Necessity Retail REIT

Global Net Lease, Inc. Announces Demise of Lee M. Elman, Independent Director

Insufficient new directors

Third quarter 2022 earnings released: EPS: US$0.094 (vs US$0.021 in 3Q 2021)

Global Net Lease, Inc. to Report Q3, 2022 Results on Nov 03, 2022

Global Net Lease, Inc. Announces Common Stock Dividend for Fourth Quarter 2022, Payable on October 17, 2022

Second quarter 2022 earnings released: US$0.056 loss per share (vs US$0.14 loss in 2Q 2021)

Global Net Lease, Inc. (NYSE:GNL) acquired Two US industrial and one U.K. office for $33 million

Global Net Lease, Inc. to Report Q2, 2022 Results on Aug 04, 2022

Global Net Lease, Inc. Announces Common Stock Dividend for Third Quarter 2022, Payable on July 15, 2022

First quarter 2022 earnings released: EPS: US$0.053 (vs US$0.011 loss in 1Q 2021)

Insufficient new directors