Global Net Lease: Q3 Earnings Snapshot

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

The New York-based real estate investment trust said it had funds from operations of $48.3 million, or 22 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 a loss of $67.1 million, or 31 cents per share.

The real estate investment trust, based in New York, posted revenue of $112.9 million in the period.

Global Net Lease expects full-year funds from operations in the range of 83 cents to 85 cents per share.

_____

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