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GNL

Global Net LeaseNYSE:GNL Stock Report

Market Cap

US$1.5b

7D

-5.2%

1Y

-16.4%

Updated

01 Dec, 2021

Data

Company Financials +
GNL fundamental analysis
Snowflake Score
Valuation3/6
Future Growth3/6
Past Performance0/6
Financial Health1/6
Dividends3/6

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

W. P. Carey

NYSE:WPC

US$14.4b

DigitalBridge Group

NYSE:DBRG

US$5.1b

Spirit Realty Capital

NYSE:SRC

US$5.6b

Lexington Realty Trust

NYSE:LXP

US$4.3b

Price History & Performance

Summary of all time highs, changes and price drops for Global Net Lease
Historical stock prices
Current Share PriceUS$14.20
52 Week HighUS$20.12
52 Week LowUS$14.09
Beta1.09
1 Month Change-11.36%
3 Month Change-16.72%
1 Year Change-16.42%
3 Year Change-27.85%
5 Year Change-37.72%
Change since IPO-49.21%

Recent News & Updates

Jul 19

Global Net Lease: Not The Last Triple-Net We Would Buy

Global Net Lease offers a giant yield. The REIT's performance during the pandemic was exemplary. The external management structure though has not helped the returns and the firm's adjusted funds from operations have steadily declined. We go where this stands relative to the Triple-Net REIT group.

Shareholder Returns

GNLUS REITsUS Market
7D-5.2%-0.01%-0.9%
1Y-16.4%31.0%23.3%

Return vs Industry: GNL underperformed the US REITs industry which returned 31% over the past year.

Return vs Market: GNL underperformed the US Market which returned 23.3% over the past year.

Price Volatility

Is GNL's price volatile compared to industry and market?
GNL volatility
GNL Average Weekly Movement3.0%
REITs Industry Average Movement3.5%
Market Average Movement6.0%
10% most volatile stocks in US Market15.0%
10% least volatile stocks in US Market2.3%

Stable Share Price: GNL is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: GNL's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
20111Jim Nelsonhttps://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

How do Global Net Lease's earnings and revenue compare to its market cap?
GNL fundamental statistics
Market CapUS$1.47b
Earnings (TTM)-US$25.39m
Revenue (TTM)US$371.75m

3.9x

P/S Ratio

-57.8x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
GNL income statement (TTM)
RevenueUS$371.75m
Cost of RevenueUS$69.99m
Gross ProfitUS$301.77m
ExpensesUS$327.16m
Earnings-US$25.39m

Last Reported Earnings

Sep 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-0.25
Gross Margin81.17%
Net Profit Margin-6.83%
Debt/Equity Ratio143.0%

How did GNL perform over the long term?

See historical performance and comparison

Dividends

11.3%

Current Dividend Yield

114%

Payout Ratio

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 ($14.44) is trading below our estimate of fair value ($50.49)

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?

51.7%

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 (10.1% 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 (27.7%).


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?

11.27%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: GNL's dividend (11.08%) is higher than the bottom 25% of dividend payers in the US market (1.33%).

High Dividend: GNL's dividend (11.08%) is in the top 25% of dividend payers in the US market (3.57%)


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?

4.0yrs

Average management tenure


CEO

Jim Nelson (71 yo)

4.25yrs

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 years average tenure).


Board Members

Experienced Board: GNL's board of directors are considered experienced (4.9 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
  • Market Cap: US$1.467b
  • 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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/12/01 00:10
End of Day Share Price2021/11/30 00:00
Earnings2021/09/30
Annual Earnings2020/12/31


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.