Global Net Lease, Inc. (GNL) To Go Ex-Dividend on January 12th

Global Net Lease, Inc. (NYSE:GNL) announced a quarterly dividend on Friday, January 2nd. Stockholders of record on Monday, January 12th will be given 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 dividend yield of 8.6%. The ex-dividend date of this dividend is Monday, January 12th.

Global Net Lease has decreased its dividend payment by an average of 0.1%per year over the last three years. Global Net Lease has a payout ratio of -140.7% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research 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

NYSE:GNL opened at $8.82 on Friday. The stock has a 50 day moving average price of $8.12 and a 200 day moving average price of $7.82. The stock has a market cap of $1.93 billion, a PE ratio of -6.17 and a beta of 1.13. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.15 and a current ratio of 0.15. Global Net Lease has a one year low of $6.51 and a one year high of $8.85.

Global Net Lease (NYSE:GNL) last issued its earnings results on Wednesday, November 5th. The financial services provider reported $0.24 earnings per share (EPS) 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 company had revenue of $121.01 million during the quarter, compared to analysts’ expectations of $118.86 million. Global Net Lease has set its FY 2025 guidance at 0.950-0.970 EPS. Equities research analysts expect 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.