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

Global Net Lease, Inc. (NYSE:GNL) declared a quarterly dividend on Thursday, October 1st. Stockholders of record on Monday, October 12th will be given a dividend of $0.19 per share by the financial services provider on Friday, October 16th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 9.2%. The ex-dividend date of this dividend is Friday, October 9th.

Global Net Lease has decreased its dividend by an average of 0.1%annually over the last three years. Global Net Lease has a 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.

Global Net Lease Trading Down 0.2%

Shares of GNL traded down $0.01 on Thursday, hitting $8.24. 3,182,272 shares of the stock traded hands, compared to its average volume of 2,271,643. Global Net Lease has a 1 year low of $7.48 and a 1 year high of $10.04. The stock’s 50 day moving average is $8.92 and its two-hundred day moving average is $9.17. The firm has a market capitalization of $1.74 billion, a P/E ratio of -29.45 and a beta of 1.04. The company has a quick ratio of 0.16, a current ratio of 0.16 and a debt-to-equity ratio of 0.94.

Global Net Lease (NYSE:GNL) last released its earnings results on Wednesday, August 5th. The financial services provider reported ($0.05) EPS for the quarter, hitting the consensus estimate of ($0.05). The firm had revenue of $112.47 million during the quarter, compared to analysts’ expectations of $109.68 million. Global Net Lease had a negative net margin of 2.94% and a negative return on equity of 1.00%. Global Net Lease has set its FY 2026 guidance at 0.820-0.850 EPS.

Global Net Lease Company Profile

Global Net Lease, Inc (NYSE:GNL) is a real estate investment trust that owns and manages a diversified portfolio of commercial properties. The company primarily invests in properties subject to long-term, net lease agreements, under which tenants generally are responsible for many property-level expenses such as taxes, insurance and maintenance.

Global Net Lease’s portfolio has included office, industrial and retail properties leased to businesses across the United States and Europe. The company generally seeks properties with established tenants, durable demand characteristics and long lease terms, and acquires assets through transactions that can include sale-leasebacks and other net lease arrangements.

Global Net Lease began operations in 2011 and has expanded its portfolio through acquisitions in multiple international markets.