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Global Net Lease: Q2 Earnings Snapshot
By AP News - Aug 06, 2024, 05:30 PM ET
Last Updated - Aug 06, 2024, 05:30 PM EDT
NEW YORK (AP) — NEW YORK (AP) — Global Net Lease Inc. (GNL) on Tuesday reported a key measure of profitability in its second quarter.
The real estate investment trust, based in New York, said it had funds from operations of $76.7 million, or 33 cents per share, in the period.
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Funds from operations is a closely watched measure in the REIT industry. It takes net income and adds back items such as depreciation and amortization.
The company said it had a loss of $46.6 million, or 20 cents per share.
The real estate investment trust, based in New York, posted revenue of $203.3 million in the period.
Global Net Lease expects full-year funds from operations in the range of $1.30 to $1.40 per share.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on GNL at https://www.zacks.com/ap/GNL
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