| Snowflake Score | |
|---|---|
| Valuation | 3/6 |
| Future Growth | 3/6 |
| Past Performance | 0/6 |
| Financial Health | 1/6 |
| Dividends | 3/6 |
GNL Stock Overview
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.
Global Net Lease Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$14.09 |
| 52 Week High | US$20.12 |
| 52 Week Low | US$13.78 |
| Beta | 1.11 |
| 1 Month Change | -5.75% |
| 3 Month Change | -13.88% |
| 1 Year Change | -16.97% |
| 3 Year Change | -28.87% |
| 5 Year Change | -39.16% |
| Change since IPO | -49.61% |
Recent News & Updates
Global Net Lease: 10.82% Yield With Several External And Internal Risk Factors
GNL has an attractive 10.82% dividend yield but the management has not announced any increases since the 2015 IPO. Almost a quarter of its property portfolio is in the European area and leased by single tenants. There are several risks on the horizon: the rise of the cost of capital, lagging office rents, single-tenant properties, and a small investment portfolio.
Shareholder Returns
| GNL | US REITs | US Market | |
|---|---|---|---|
| 7D | -6.6% | -3.8% | -6.1% |
| 1Y | -17.0% | 24.0% | 4.2% |
Return vs Industry: GNL underperformed the US REITs industry which returned 24% over the past year.
Return vs Market: GNL underperformed the US Market which returned 4.2% over the past year.
Price Volatility
| GNL volatility | |
|---|---|
| GNL Average Weekly Movement | 4.0% |
| REITs Industry Average Movement | 4.1% |
| Market Average Movement | 6.7% |
| 10% most volatile stocks in US Market | 15.5% |
| 10% least volatile stocks in US Market | 2.4% |
Stable Share Price: GNL is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 4% a week.
Volatility Over Time: GNL's weekly volatility (4%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 2011 | 1 | Jim Nelson | https://www.globalnetlease.com |
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.
Global Net Lease Fundamentals Summary
| GNL fundamental statistics | |
|---|---|
| Market Cap | US$1.46b |
| Earnings (TTM) | -US$25.39m |
| Revenue (TTM) | US$371.75m |
3.9x
P/S Ratio-57.3x
P/E RatioIs GNL overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| GNL income statement (TTM) | |
|---|---|
| Revenue | US$371.75m |
| Cost of Revenue | US$69.99m |
| Gross Profit | US$301.77m |
| Expenses | US$327.16m |
| Earnings | -US$25.39m |
Last Reported Earnings
Sep 30, 2021
Next Earnings Date
n/a
| Earnings per share (EPS) | -0.25 |
| Gross Margin | 81.17% |
| Net Profit Margin | -6.83% |
| Debt/Equity Ratio | 143.0% |
How did GNL perform over the long term?
See historical performance and comparisonDividends
11.4%
Current Dividend Yield114%
Payout RatioValuation
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 ($14.09) is trading below our estimate of fair value ($49.98)
Significantly Below Fair Value: GNL is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: GNL is unprofitable, so we can't compare its PE Ratio to the US REITs industry average.
PE vs Market: GNL is unprofitable, so we can't compare its PE Ratio to the US market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate GNL's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: GNL is good value based on its PB Ratio (0.9x) compared to the US REITs industry average (2x).
Future Growth
How is Global Net Lease forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?
53.1%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: GNL is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (2%).
Earnings vs Market: GNL is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: GNL's is expected to become profitable in the next 3 years.
Revenue vs Market: GNL's revenue (7.7% per year) is forecast to grow slower than the US market (9.1% per year).
High Growth Revenue: GNL's revenue (7.7% 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's Return on Equity is forecast to be high in 3 years time
Past Performance
How has Global Net Lease performed over the past 5 years?
-47.8%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: GNL is currently unprofitable.
Growing Profit Margin: GNL is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: GNL is unprofitable, and losses have increased over the past 5 years at a rate of 47.8% per year.
Accelerating Growth: Unable to compare GNL's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: GNL is unprofitable, making it difficult to compare its past year earnings growth to the REITs industry (30.5%).
Return on Equity
High ROE: GNL has a negative Return on Equity (0.34%), as it is currently unprofitable.
Financial Health
How is Global Net Lease's financial position?
Financial Position Analysis
Short Term Liabilities: GNL's short term assets ($316.9M) exceed its short term liabilities ($51.0M).
Long Term Liabilities: GNL's short term assets ($316.9M) do not cover its long term liabilities ($2.5B).
Debt to Equity History and Analysis
Debt Level: GNL's net debt to equity ratio (132.5%) is considered high.
Reducing Debt: GNL's debt to equity ratio has increased from 103.4% to 143% over the past 5 years.
Debt Coverage: GNL's debt is not well covered by operating cash flow (8.3%).
Interest Coverage: GNL's interest payments on its debt are not well covered by EBIT (1.3x coverage).
Balance Sheet
Dividend
What is Global Net Lease current dividend yield, its reliability and sustainability?
11.36%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: GNL's dividend (11.36%) is higher than the bottom 25% of dividend payers in the US market (1.37%).
High Dividend: GNL's dividend (11.36%) is in the top 25% of dividend payers in the US market (3.61%)
Stability and Growth of Payments
Stable Dividend: GNL has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: GNL has only been paying a dividend for 6 years, and since then payments have fallen.
Current Payout to Shareholders
Dividend Coverage: With its high payout ratio (113.6%), GNL's dividend payments are not well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: GNL's dividends in 3 years are forecast to be covered by earnings (94.7% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
4.2yrs
Average management tenure
CEO
Jim Nelson (71 yo)
4.42yrs
Tenure
US$254,683
Compensation
Mr. James Larry Nelson, also known as Jim, serves as Independent Director at Chewy, Inc. since July 19, 2021. He serves as Director at Xerox Holdings Corporation since May 20, 2021. He has been an Independ...
Leadership Team
Experienced Management: GNL's management team is considered experienced (4.2 years average tenure).
Board Members
Experienced Board: GNL's board of directors are considered experienced (5.1 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.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 15.3%.
Top Shareholders
Company Information
Global Net Lease, Inc.'s employee growth, exchange listings and data sources
Key Information
- Name: Global Net Lease, Inc.
- Ticker: GNL
- Exchange: NYSE
- Founded: 2011
- Industry: Diversified REITs
- Sector: Real Estate
- Implied Market Cap: US$1.455b
- Shares outstanding: 103.30m
- 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
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2022/01/22 23:15 |
| End of Day Share Price | 2022/01/21 00:00 |
| Earnings | 2021/09/30 |
| Annual Earnings | 2020/12/31 |
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.