Global Net Lease: 4Q Earnings Snapshot

Associated Press
Updated ·1 min read

NEW YORK (AP) _ Global Net Lease Inc. (GNL) on Wednesday reported a key measure of profitability in its fourth quarter.

The real estate investment trust, based in New York, said it had funds from operations of $40.1 million, or 45 cents per share, in the period.

Funds from operations is a closely watched measure in the REIT industry. It takes net income and adds back items such as depreciation and amortization.

The company said it had a loss of $13.3 million, or 15 cents per share.

The real estate investment trust posted revenue of $87 million in the period.

For the year, the company reported funds from operations of $160.5 million, or $1.79 per share. Revenue was reported as $330.1 million.

The company's shares have risen nearly 9% since the beginning of the year. The stock has decreased 13% in the last 12 months.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on GNL at https://www.zacks.com/ap/GNL