Overview

* GNL Q2 revenue falls to $124.9 mln due to asset dispositions

* Core FFO drops to $7.1 mln from $50.9 mln in Q2 2024

* Company reduces net debt by $748 mln, improving leverage ratio

* GNL raises low end of 2025 AFFO guidance

Outlook

* Global Net Lease ( GNL ) raises 2025 AFFO guidance to $0.92-$0.96 per share

* Company reaffirms Net Debt to Adjusted EBITDA range of 6.5x to 7.1x

Result Drivers

* ASSET DISPOSITIONS - Revenue decline attributed to sale of multi-tenant retail portfolio, simplifying operations

* DEBT REDUCTION - Net debt reduced by $748 mln, improving leverage ratio and credit rating upgrade

* REFINANCING - $1.8 bln refinancing of revolving credit facility lowered cost of capital and extended debt maturity

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 $124.90

Revenue mln

From

Tenants

Q2 Net -$35.08

Income mln

Q2 Core $7.12

FFO mln

Q2 -$14.40

NAREIT mln

FFO

Q2 $0.24

Adjusted

FFO Per

Share

Analyst Coverage

* The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 3 "strong buy" or "buy", 4 "hold" and 1 "sell" or "strong sell"

* The average consensus recommendation for the commercial reits peer group is "buy."

* Wall Street's median 12-month price target for Global Net Lease Inc ( GNL ) is $9.50, about 27.7% above its August 5 closing price of $6.87

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)