Global Net Lease Reports First Quarter 2021 Results
NEW YORK , May 6, 2021 |PRNewswire| -- Global Net Lease, Inc. (NYSE: GNL ) ("GNL" or the "Company"), a real estate investment trust that focuses on acquiring and managing a globally diversified portfolio of strategically-located commercial real estate properties, announced today its financial and operating results for the quarter ended March 31, 2021. First Quarter 2021 and Subsequent Events Highlights Revenue increased 12.8% to $89.4 million from $79.2 million in first quarter 2020 Net loss was $0.8 million as compared to net income of $5.0 million in first quarter 2020 Net operating income ("NOI") grew 13.9% to $81.8 million from $71.9 million in first quarter 2020 Core Funds from Operations ("Core FFO") was $38.9 million compared to $38.9 million in first quarter 2020 Adjusted Funds from Operations ("AFFO") increased by $0.6 million to $40.4 million as compared to $39.8 million in the prior year quarter AFFO per share was $0.44 as compared to $0.44 in first quarter 2020 Distributed $36.
Global Net Lease Reports First Quarter 2021 Results
NEW YORK , May 6, 2021 |PRNewswire| -- Global Net Lease, Inc. (NYSE: GNL ) ("GNL" or the "Company"), a real estate investment trust that focuses on acquiring and managing a globally diversified portfolio of strategically-located commercial real estate properties, announced today its financial and operating results for the quarter ended March 31, 2021. First Quarter 2021 and Subsequent Events Highlights Revenue increased 12.8% to $89.4 million from $79.2 million in first quarter 2020 Net loss was $0.8 million as compared to net income of $5.0 million in first quarter 2020 Net operating income ("NOI") grew 13.9% to $81.8 million from $71.9 million in first quarter 2020 Core Funds from Operations ("Core FFO") was $38.9 million compared to $38.9 million in first quarter 2020 Adjusted Funds from Operations ("AFFO") increased by $0.6 million to $40.4 million as compared to $39.8 million in the prior year quarter AFFO per share was $0.44 as compared to $0.44 in first quarter 2020 Distributed $36.