GNL Q1 2024 Earnings — Global Net Lease, Inc. Revenue & Financial Results | Market Cap Arena

GNLGlobal Net Lease, Inc.

$2B

Q1 2024 Earnings

Real Estate REIT - Diversified

Income Statement

Revenue

$148M+56.8% YoY

Gross Profit

$130M88.0% margin

Operating Income

$57M38.6% margin

Net Income

-$24M-16.1% margin

EPS (Diluted)

$-0.10

QoQ Revenue Growth

-28.5%

Cash Flow

Operating Cash Flow

$92M

Free Cash Flow

$84M

Stock-Based Comp.

$2M

Balance Sheet

Total Assets

$8.0B

Total Liabilities

$5.4B

Stockholders' Equity

$2.5B

Cash & Equivalents

$132M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$148M	$94M	+56.8%
Gross Profit	$130M	$86M	+50.9%
Operating Income	$57M	$30M	+87.9%
Net Income	-$24M	-$890,000	-2568.7%

Revenue Segments

Office Segment

$36M100%