Global Net Lease Reports Third Quarter 2020 Results
NEW YORK , Nov. 5, 2020 |PRNewswire| -- Global Net Lease, Inc. (NYSE: GNL ) ("GNL" or the "Company"), a real estate investment trust focused on the acquisition and management of primarily single-tenant industrial and office properties leased long-term to high quality corporate tenants in select markets in the United States , Europe and Canada, announced today its financial and operating results for the quarter ended September 30, 2020. Third Quarter 2020 and Subsequent Events Highlights Revenue increased 6.1% to $82.7 million from $77.9 million in third quarter 2019 Net loss was $0.5 million as compared to net income of $6.9 million in third quarter 2019 and $1.0 million in the second quarter Net operating income ("NOI") grew 7.8% to $75.2 million from $69.7 million in third quarter 2019 Core Funds from Operations ("Core FFO") was $34.6 million as compared to $38.6 million in third quarter 2019 Adjusted Funds from Operations ("AFFO") was $40.9 million as compared to $40.2 million in the prior year quarter AFFO per share was $0.
Global Net Lease Reports Third Quarter 2020 Results
NEW YORK , Nov. 5, 2020 |PRNewswire| -- Global Net Lease, Inc. (NYSE: GNL ) ("GNL" or the "Company"), a real estate investment trust focused on the acquisition and management of primarily single-tenant industrial and office properties leased long-term to high quality corporate tenants in select markets in the United States , Europe and Canada, announced today its financial and operating results for the quarter ended September 30, 2020. Third Quarter 2020 and Subsequent Events Highlights Revenue increased 6.1% to $82.7 million from $77.9 million in third quarter 2019 Net loss was $0.5 million as compared to net income of $6.9 million in third quarter 2019 and $1.0 million in the second quarter Net operating income ("NOI") grew 7.8% to $75.2 million from $69.7 million in third quarter 2019 Core Funds from Operations ("Core FFO") was $34.6 million as compared to $38.6 million in third quarter 2019 Adjusted Funds from Operations ("AFFO") was $40.9 million as compared to $40.2 million in the prior year quarter AFFO per share was $0.