Global Net Lease, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 07, 2023 at 04:52 pm EST
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Global Net Lease, Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was USD 118.17 million compared to USD 92.6 million a year ago. Net loss was USD 136.18 million compared to net income of USD 14.84 million a year ago. Basic loss per share from continuing operations was USD 1.11 compared to basic earnings per share from continuing operations of USD 0.09 a year ago.
For the nine months, sales was USD 308.34 million compared to USD 284.91 million a year ago. Net loss was USD 163.33 million compared to net income of USD 24.66 million a year ago. Basic loss per share from continuing operations was USD 1.62 compared to basic earnings per share from continuing operations of USD 0.08 a year ago.
Global Net Lease, Inc. is a real estate investment trust (REIT). The Company focuses on acquiring and managing a global portfolio of income producing net lease assets across the United Sates and Western and Northern Europe. The Companyâs segments include Industrial & Distribution, Multi-Tenant Retail, Single-Tenant Retail, and office. The Industrial & Distribution, Single-Tenant Retail and Office segments owns, manages, and leases single-tenant properties. The Multi-Tenant Retail segment owns, manages and lease multi-tenant properties. The Company owns approximately 1,300 properties, encompassing over 66 million square feet in 11 countries. Its industry diversity includes healthcare, financial services, auto manufacturing, discount retail, specialty retail, gas/convenience, freight, consumer goods, home improvement, retail banking, and quick service restaurant.
GLOBAL NET LEASE, INC. 
