Global net lease, inc. (GNL)
Income statement / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11
Revenue from tenants

79,242

76,685

77,942

76,119

75,468

71,226

71,924

70,971

68,086

66,602

64,870

64,986

62,837

52,773

53,251

53,196

54,954

56,043

50,252

49,068

49,969

46,306

25,902

13,628

7,547

2,474

1,232

200

45

30

0

0

0

0

0

Expenses (income):
Property operating

7,377

5,701

8,205

7,049

7,359

7,750

5,301

8,211

7,470

6,849

7,202

7,570

7,236

5,648

4,201

3,542

5,647

7,415

3,329

3,377

4,059

5,500

1,428

786

233

28

14

0

0

0

0

0

0

-

-

Fire (recovery) loss

-

-

0

0

-

1

-31

1

79

-

305

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Fire (recovery) loss

-

-

-

-

-

-

31

-

-

-

-

500

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Operating fees to related parties

8,794

8,867

8,220

8,162

8,043

7,309

6,956

7,138

6,831

6,624

6,390

5,713

5,730

5,113

4,862

4,959

4,817

4,956

4,902

4,065

1,244

376

219

139

63

27

18

5

0

1

0

0

0

-

-

Impairment charges and related lease intangible write-offs

-

-

6,375

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Acquisition, transaction and other costs (Note 9)

280

19

192

847

262

8,607

2,804

1,114

1,325

-301

1,141

443

696

7,415

2,479

27

-129

76

4,680

212

1,085

29,614

29,124

8,244

16,516

3,169

3,256

1,320

0

-

0

0

-

-

-

Listing fees

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

18,503

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

Vesting of Class B Units

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

14,480

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

Change in fair value of listing note

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,050

-4,430

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

General and administrative

2,961

1,334

3,250

2,318

3,206

2,617

3,215

2,556

2,051

2,357

2,468

2,053

1,770

1,810

1,714

1,880

1,704

1,531

2,040

1,892

1,712

1,721

740

877

976

24

19

11

4

26

93

63

1

16

0

Equity-based compensation

2,488

2,491

2,501

2,429

2,109

1,451

2,053

-23

-832

-1,177

-391

-2,235

16

1,341

1,293

70

1,044

-110

1,917

503

35

-

72

0

-

-

-

-

-

-

-

-

-

-

-

Depreciation and amortization

33,533

31,989

31,620

31,084

31,303

30,078

30,195

29,813

29,496

28,558

29,879

27,497

27,114

23,405

23,482

23,812

23,756

23,918

22,949

22,089

21,114

13,267

15,126

7,640

4,354

1,274

684

124

30

21

0

0

0

-

-

Total expenses

55,433

50,401

60,363

51,889

52,282

62,811

50,555

48,808

46,262

42,760

46,384

41,541

42,562

44,732

38,031

34,290

36,839

34,556

38,767

69,551

29,249

49,748

46,709

18,344

22,142

4,522

3,991

1,460

34

276

93

63

1

16

0

Operating income before gain (loss) on dispositions of real estate investments

23,809

26,284

17,579

24,230

23,186

8,415

21,369

22,163

21,824

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income from investments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

8

0

7

14

0

0

0

-

-

-

-

-

-

-

-

-

-

Losses on foreign currency

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

571

-737

-26

6

0

17

18

0

-

0

0

-

-

-

Realized losses on investment securities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-66

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

(Loss) gain on dispositions of real estate investments

0

8,847

6,977

6,900

892

0

-1,933

-3,818

0

0

275

-143

957

12,021

1,320

0

0

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Operating income

23,809

35,108

24,556

31,153

24,078

8,415

19,436

18,345

21,824

24,931

18,486

23,445

20,275

21,382

15,220

18,906

18,115

21,487

11,485

-20,483

20,720

-3,442

-20,807

-4,716

-14,595

-2,048

-2,759

-1,260

11

-246

-93

-63

-1

-

-

Other income (expense):
Other income (expense):
Interest Expense

16,440

17,194

16,154

15,689

15,162

15,479

15,104

14,415

12,975

12,806

12,479

11,634

11,531

9,004

8,914

10,634

10,569

10,065

9,041

7,947

7,811

6,468

4,081

2,614

1,689

556

348

52

13

10

0

0

0

-

-

Loss on extinguishment of debt

-

-

-563

-765

-

-

-2,612

-1,285

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain (Loss) on Derivative Instruments, Net, Pretax

3,143

-3,905

3,044

1,390

240

2,950

1,290

6,333

-2,935

-1,719

-3,125

-2,990

-470

3,512

375

3,830

-349

1,150

2,310

-3,736

4,211

1,282

849

-171

-79

0

0

0

0

-

-

-

-

-

-

Unrealized income (loss) on undesignated foreign currency advances and other hedge ineffectiveness

0

0

0

0

76

-452

108

-47

-43

86

88

-2,971

-882

4,496

1,459

4,252

-98

2,679

1,505

-508

1,448

1,387

0

0

0

-

-

-

-

-

-

-

-

-

-

Unrealized losses on non-functional foreign currency advances not designated as net investment hedges

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-623

0

-11,842

8,907

0

0

0

0

-

-

-

-

-

-

-

-

-

-

Other income

48

195

-2

19

4

-90

44

12

11

10

2

3

7

-1

4

8

9

64

-10

12

13

87

148

48

8

1

0

0

0

-

-

-

-

-

-

Total other expense, net

-13,249

-20,525

-13,675

-15,045

-14,842

-13,071

-16,274

-9,402

-15,942

-15,518

-15,239

-17,735

-11,919

-2,317

-5,756

-2,544

-11,007

-6,795

-5,294

-24,021

6,775

-3,127

-3,821

-2,763

-1,754

-555

-331

-34

-13

-

0

0

-

-

-

Net income before income tax

10,560

14,583

10,881

16,108

9,236

-4,656

3,162

8,943

5,882

9,413

3,247

5,710

8,356

19,065

9,464

16,362

7,108

14,692

6,191

-44,504

27,495

-

-24,628

-

-

-

-

-

-

-

-

-

-

-

-

Income tax expense

959

1,620

940

780

960

-400

530

1,200

1,070

924

760

510

906

2,994

448

430

550

2,243

703

1,303

1,640

-2,019

-70

658

0

-

-

-

-

-

-

-

-

-

-

Net Income (Loss), Including Portion Attributable to Noncontrolling Interest

9,601

12,931

9,941

15,328

8,276

-4,290

2,632

7,743

4,812

8,449

2,487

5,200

7,450

16,071

9,016

15,932

6,558

12,449

5,488

-45,807

25,855

-

-24,558

-7,479

-

-

-

-

-

-

-

-

-

-

-

Net Income (Loss) Attributable to Noncontrolling Interest

-

-

-

-

-

-

-

-

-

0

0

0

21

125

73

169

70

137

56

-143

0

-

0

0

-

-

-

-

-

-

-

-

-

-

-

Preferred stock dividends

4,563

3,668

3,081

2,707

2,485

2,454

2,455

2,455

2,451

2,451

383

0

0

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net Income (Loss) Available to Common Stockholders, Basic

5,038

9,263

6,860

12,621

5,791

-6,744

177

5,288

2,361

5,998

2,104

5,200

7,429

15,946

8,943

15,763

6,488

12,312

5,432

-45,664

25,855

-5,208

-24,558

-7,479

-16,349

-2,603

-3,090

-1,294

-2

-256

-93

-63

-1

-16

0

Cumulative translation adjustment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-7,269

3,481

1,248

-

1,648

-168

-80

10

0

0

0

-

-

Designated derivatives, fair value adjustments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

6,639

-2,008

-2,862

-

-1,952

346

104

-53

0

0

0

-

-

Other Comprehensive income (loss)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-630

-

-

-

-

-

-

-

-

-

-

-

-

Comprehensive income (loss)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-25,188

-

-

-

-

-

-

-

-

-

-

-

-

Non-controlling interest

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

Comprehensive income (loss) attributable to stockholders

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-25,188

-6,006

-17,963

-

-3,394

-1,116

22

-299

-93

-63

-1

-16

0

Earnings Per Share [Abstract]
Basic and diluted net income per share attributable to common stockholders (in dollars per share)

0.05

-

0.08

0.15

0.07

-

0.00

0.08

0.03

-

0.03

0.08

0.11

0.27

0.16

0.28

0.11

0.04

0.03

-0.25

0.14

0.21

-0.14

-0.07

-0.43

-

-0.44

-0.47

-

-

-

-

-

-

-

Weighted average common shares outstanding:
Earnings Per Share, Basic and Diluted [Abstract]
Basic (in shares)

89,458

89,548

85,254

83,847

81,474

73,623

69,441

67,292

67,287

-

67,286

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Diluted (in shares)

89,499

91,232

86,202

85,165

82,798

74,631

69,441

67,292

67,287

-

67,286

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Basic and Diluted (shares)

-

-

-

-

-

-

-

-

-

-

-

66,652

66,271

-

56,463

56,316

56,312

-296,072

168,948

180,380

179,156

179,492

175,401

111,819

37,602

11,595

7,023

2,755

439

190

22

22

22

-

-

Occupancy
Total revenues

-

-

-

-

-

-

-

-

-

-

-

-

58,492

50,046

50,756

51,736

51,511

52,118

47,836

47,234

47,432

42,220

25,400

13,223

7,315

2,437

1,221

200

42

30

0

0

0

-

-

Tenant Reimbursements
Total revenues

-

-

-

-

-

-

-

-

-

-

-

-

4,345

2,727

2,495

1,460

3,443

3,925

2,416

1,834

2,537

4,086

502

405

232

37

11

0

3

0

0

0

0

-

-