Global Net Lease Inc reports results for the quarter ended June 30 - Earnings Summary

• Global Net Lease Inc GNL.N reported a quarterly adjusted loss of 16 cents​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of -20 cents. The mean expectation of three analysts for the quarter was for a loss of 8 cents per share. Wall Street expected results to range from -11 cents to -4 cents per share.

• Revenue fell 38.6% to $124.91 million from a year ago; analysts expected $138.68 million.

• Global Net Lease Inc's reported EPS for the quarter was a loss of 16 cents​.

• The company reported a quarterly loss of $35.08 million.

• Global Net Lease Inc shares had fallen by 9.0% this quarter and lost 5.9% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 2.2% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• 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 is $9.50, about 27.9% above its last closing price of $6.85

This summary was machine generated from LSEG data August 6 at 10:25 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)