Global Net Lease
Market Cap
US$1.9b
Last Updated
2020/02/24 02:57 UTC
Data Sources
Company Financials +
Executive Summary
Global Net Lease, Inc. (NYSE: GNL) is a publicly traded real estate investment trust listed on the NYSE 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.
Rewards
Risk Analysis
Snowflake Analysis
Proven track record and fair value.
Similar Companies
Share Price & News
How has Global Net Lease's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: GNL.PRA has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
0.5%
GNL.PRA
-0.07%
US REITs
-1.1%
US Market
1 Year Return
5.5%
GNL.PRA
16.6%
US REITs
17.8%
US Market
Return vs Industry: GNL.PRA underperformed the US REITs industry which returned 16% over the past year.
Return vs Market: GNL.PRA underperformed the US Market which returned 17.9% over the past year.
Shareholder returns
| GNL.PRA | Industry | Market | |
|---|---|---|---|
| 7 Day | 0.5% | -0.07% | -1.1% |
| 30 Day | 0.7% | 3.6% | 1.5% |
| 90 Day | 3.0% | 6.9% | 6.6% |
| 1 Year | 13.2%5.5% | 21.3%16.6% | 20.2%17.8% |
| 3 Year | n/a | 37.4%20.2% | 47.5%38.1% |
| 5 Year | n/a | 59.8%26.8% | 71.2%52.4% |
Price Volatility Vs. Market
How volatile is Global Net Lease's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Valuation
Is Global Net Lease undervalued compared to its fair value and its price relative to the market?
>50%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: GNL.PRA ($26.73) is trading below our estimate of fair value ($59.2)
Significantly Below Fair Value: GNL.PRA is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: GNL.PRA is poor value based on its PE Ratio (98.2x) compared to the REITs industry average (37.2x).
PE vs Market: GNL.PRA is poor value based on its PE Ratio (98.2x) compared to the US market (18.2x).
Price to Earnings Growth Ratio
PEG Ratio: GNL.PRA is poor value based on its PEG Ratio (5.8x)
Price to Book Ratio
PB vs Industry: GNL.PRA is good value based on its PB Ratio (1.2x) compared to the US REITs industry average (2.1x).
Next Steps
Future Growth
How is Global Net Lease forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?
17.1%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: GNL.PRA's forecast earnings growth (17.1% per year) is above the savings rate (1.7%).
Earnings vs Market: GNL.PRA's earnings (17.1% per year) are forecast to grow faster than the US market (14.1% per year).
High Growth Earnings: GNL.PRA's earnings are forecast to grow, but not significantly.
Revenue vs Market: GNL.PRA's revenue (7.3% per year) is forecast to grow slower than the US market (7.6% per year).
High Growth Revenue: GNL.PRA's revenue (7.3% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if GNL.PRA's Return on Equity is forecast to be high in 3 years time
Next Steps
Past Performance
How has Global Net Lease performed over the past 5 years?
41.5%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: GNL.PRA has high quality earnings.
Growing Profit Margin: GNL.PRA's current net profit margins (5.9%) are higher than last year (4.7%).
Past Earnings Growth Analysis
Earnings Trend: GNL.PRA has become profitable over the past 5 years, growing earnings by 41.5% per year.
Accelerating Growth: GNL.PRA's earnings growth over the past year (36.2%) is below its 5-year average (41.5% per year).
Earnings vs Industry: GNL.PRA earnings growth over the past year (36.2%) exceeded the REITs industry 7.6%.
Return on Equity
High ROE: GNL.PRA's Return on Equity (1.8%) is considered low.
Return on Assets
Return on Capital Employed
Next Steps
Financial Health
How is Global Net Lease's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Balance Sheet
Inventory Level: GNL.PRA has a high level of physical assets or inventory.
Debt Coverage by Assets: GNL.PRA's debt is not covered by short term assets (assets are 0.3x debt).
Financial Institutions Analysis
Asset Level: GNL.PRA's level of assets compared to its equity is low.
Allowance for Bad Loans: Insufficient data to determine if GNL.PRA has a sufficient allowance for bad loans.
Low Risk Liabilities: GNL.PRA reports no customer deposits, loans are made up entirely of externally borrowed funds.
Loan Level: Insufficient data to determine if GNL.PRA has an acceptable proportion of non-loan assets held.
Low Risk Deposits: GNL.PRA has advanced significantly more loans than the customer deposits it holds.
Level of Bad Loans: Insufficient data to determine if GNL.PRA has an appropriate level of bad loans.
Next Steps
Dividend
What is Global Net Lease's current dividend yield, its reliability and sustainability?
9.84%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: GNL.PRA's dividend (9.84%) is higher than the bottom 25% of dividend payers in the US market (1.45%).
High Dividend: GNL.PRA's dividend (9.84%) is in the top 25% of dividend payers in the US market (3.73%)
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, GNL.PRA has been paying a dividend for less than 10 years.
Growing Dividend: GNL.PRA has only been paying a dividend for 5 years, and since then payments have not increased.
Current Payout to Shareholders
Dividend Coverage: With its high payout ratio (109.4%), GNL.PRA's dividend payments are not well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: GNL.PRA's dividends in 3 years are forecast to be thoroughly covered by earnings (1.2% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
2.3yrs
Average management tenure
CEO
Jim Nelson (69yo)
2.5yrs
Tenure
Mr. James L. Nelson, also known as Jim, has been Chief Executive Officer and President at Global Net Lease, Inc since August 08, 2017. Mr. Nelson served as an Advisor and Consultant at Theorem Capital, LLC ...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 2.5yrs | no data | 0.016% $303.0k | |
| CFO, Treasurer & Secretary | 2.3yrs | no data | no data | |
| Senior Vice President of Investments | 0yrs | no data | no data | |
| Executive Vice President | 0yrs | no data | no data | |
| Executive Vice President of Acquisitions | 0yrs | no data | no data | |
| Managing Director | 2.2yrs | no data | no data |
2.3yrs
Average Tenure
50yo
Average Age
Experienced Management: GNL.PRA's management team is considered experienced (2.3 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 2.5yrs | no data | 0.016% $303.0k | |
| Independent Director | 7.9yrs | US$216.30k | 0.027% $531.9k | |
| Non-Executive Chairwoman of the Board | 4.9yrs | US$335.61k | 0.035% $679.4k | |
| Independent Director | 7.9yrs | US$214.30k | 0.024% $458.8k | |
| Director | 3.1yrs | no data | 0.025% $476.4k | |
| Independent Director | 3.2yrs | US$209.24k | 0.012% $224.8k |
4.0yrs
Average Tenure
67yo
Average Age
Experienced Board: GNL.PRA's board of directors are considered experienced (4 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Ownership Breakdown
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 19.5%.
Top Shareholders
Company Information
Global Net Lease, Inc.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Global Net Lease, Inc.
- Ticker: GNL.PRA
- Exchange: NYSE
- Founded: 2011
- Industry: Diversified REITs
- Sector: Real Estate
- Market Cap: US$1.935b
- Shares outstanding: 89.42m
- Website: https://www.globalnetlease.com
Number of Employees
Location
- Global Net Lease, Inc.
- 650 Fifth Avenue
- 30th Floor
- New York
- New York
- 10019
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| GNL | NYSE (New York Stock Exchange) | Yes | Common Stock | US | USD | Jun 2015 |
| 2N8 | DB (Deutsche Boerse AG) | Yes | Common Stock | DE | EUR | Jun 2015 |
| 0IW3 | LSE (London Stock Exchange) | Yes | Common Stock | GB | USD | Jun 2015 |
| GNL.PRA | NYSE (New York Stock Exchange) | 7.25% CUM PFD A | US | USD | Sep 2017 | |
| GBLN.P | OTCPK (Pink Sheets LLC) | 6.875% PFD SER B | US | USD | Nov 2019 |
Biography
Global Net Lease, Inc. (NYSE: GNL) is a publicly traded real estate investment trust listed on the NYSE 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.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/02/24 02:57 |
| End of Day Share Price | 2020/02/21 00:00 |
| Earnings | 2019/09/30 |
| Annual Earnings | 2018/12/31 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.