Global Net Lease Q2 Core FFO $0.27 Down From $0.48 YoY, Sales $95.80M Beat $95.40M Estimate
Portfolio Pulse from Benzinga Newsdesk
Global Net Lease (GNL) reported Q2 core FFO of $0.27, down from $0.48 YoY. However, their sales of $95.80M beat the estimate of $95.40M.
August 04, 2023 | 12:44 pm
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NEUTRAL IMPACT
Global Net Lease's Q2 core FFO decreased YoY, but their sales surpassed estimates.
The decrease in Global Net Lease's Q2 core FFO could negatively impact the stock. However, the fact that their sales beat estimates could offset this negative impact, leading to a neutral short-term impact on the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100