Global Net Lease, Inc. Announces Quarterly Dividend of $0.19 (NYSE:GNL)

Global Net Lease, Inc. (NYSE:GNL) declared a quarterly dividend on Friday, January 2nd. Investors of record on Monday, January 12th will be paid a dividend of 0.19 per share by the financial services provider on Friday, January 16th. This represents a c) dividend on an annualized basis and a yield of 8.6%. The ex-dividend date is Monday, January 12th.

Global Net Lease has decreased its dividend by an average of 0.1%annually over the last three years. Global Net Lease has a dividend payout ratio of -140.7% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Analysts expect Global Net Lease to earn $1.20 per share next year, which means the company should continue to be able to cover its $0.76 annual dividend with an expected future payout ratio of 63.3%.

Global Net Lease Price Performance

GNL stock traded up $0.22 during trading on Friday, hitting $8.82. The stock had a trading volume of 2,558,843 shares, compared to its average volume of 1,670,620. Global Net Lease has a twelve month low of $6.51 and a twelve month high of $8.85. The company’s 50-day moving average price is $8.10 and its two-hundred day moving average price is $7.81. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.15 and a quick ratio of 0.15. The stock has a market capitalization of $1.93 billion, a P/E ratio of -6.17 and a beta of 1.13.

Global Net Lease (NYSE:GNL) last released its earnings results on Wednesday, November 5th. The financial services provider reported $0.24 earnings per share for the quarter, beating the consensus estimate of $0.21 by $0.03. Global Net Lease had a negative return on equity of 10.27% and a negative net margin of 48.52%.The business had revenue of $121.01 million for the quarter, compared to the consensus estimate of $118.86 million. Global Net Lease has set its FY 2025 guidance at 0.950-0.970 EPS. As a group, research analysts predict that Global Net Lease will post 1.26 EPS for the current fiscal year.

About Global Net Lease

Global Net Lease (NYSE: GNL) is a real estate investment trust (REIT) that focuses on acquiring and managing a diversified portfolio of single-tenant, net-lease commercial properties. The company’s business model centers on establishing long-term, triple-net leases with creditworthy tenants, enabling the pass-through of property operating expenses while aiming to provide predictable rental income and stable cash flows. Global Net Lease’s portfolio spans retail, industrial, office and light-industrial assets, each selected for its strategic location and tenant credit quality.

Since launching its initial public offering in April 2016, Global Net Lease has built a presence in key markets throughout the United States and Western Europe.