Global Net Lease Q1 2024 FFO $0.25 Misses $0.31 Estimate, Sales $206.045M Miss $206.982M Estimate
Portfolio Pulse from Benzinga Newsdesk
Global Net Lease (GNL) reported Q1 2024 FFO of $0.25 per share, missing the $0.31 estimate, and sales of $206.045M, slightly below the $206.982M estimate. This represents a 16.67% decrease in earnings per share and a 118.43% increase in sales compared to the same period last year.
May 07, 2024 | 8:28 pm
News sentiment analysis
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NEGATIVE IMPACT
Global Net Lease reported a miss in Q1 2024 FFO and sales against estimates, with a significant decrease in earnings per share but a substantial increase in sales year-over-year.
The miss in both FFO per share and sales estimates, especially the significant decrease in earnings per share from the previous year, is likely to negatively impact investor sentiment in the short term. However, the substantial increase in sales year-over-year might offer some buffer to the negative impact, but the immediate reaction is expected to lean towards negative due to the earnings miss.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100