Global Net Lease Full Year 2024 Earnings: EPS Beats Expectations

Simply Wall St

March 01, 2025

Global Net Lease (NYSE:GNL) Full Year 2024 Results

Key Financial Results

Revenue: US$805.0m (up 56% from FY 2023).
Funds from operations (FFO): US$208.0m (up 290% from FY 2023).
FFO margin: 26% (up from 10% in FY 2023).
FFO per share: US$0.9 (up from US$0.37 in FY 2023).

revenue-and-expenses-breakdown — NYSE:GNL Revenue and Expenses Breakdown March 1st 2025

All figures shown in the chart above are for the trailing 12 month (TTM) period

Global Net Lease EPS Beats Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) exceeded analyst estimates.

The primary driver behind last 12 months revenue was the Multi-tenant Retail segment contributing a total revenue of US$259.3m (32% of total revenue). The most substantial expense, totaling US$415.9m were related to Non-Operating costs. This indicates that a significant portion of the company's costs is related to non-core activities. Explore how GNL's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to stay flat during the next 3 years compared to a 4.1% growth forecast for the REITs industry in the US.

Performance of the American REITs industry.

The company's shares are up 10% from a week ago.

Risk Analysis

Be aware that Global Net Lease is showing 2 warning signs in our investment analysis that you should know about...

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.