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Global Net Lease: Q4 Earnings Snapshot

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

The New York-based real estate investment trust said it had funds from operations of $66.2 million, or 29 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 net income of $37.2 million, or 16 cents per share.

The real estate investment trust, based in New York, posted revenue of $117 million in the period.

For the year, the company reported funds from operations of $221 million. Revenue was reported as $495.3 million.

Global Net Lease expects full-year funds from operations in the range of 80 cents to 84 cents per share.

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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

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