Global Net Lease (NYSE: GNL) is one of 76 public companies in the “Commercial REITs” industry, but how does it compare to its peers? We will compare Global Net Lease to similar companies based on the strength of its institutional ownership, valuation, profitability, analyst recommendations, risk, dividends and earnings.
Global Net Lease pays an annual dividend of $2.13 per share and has a dividend yield of 9.9%. Global Net Lease pays out 434.7% of its earnings in the form of a dividend, suggesting it may not have sufficient earnings to cover its dividend payment in the future. As a group, “Commercial REITs” companies pay a dividend yield of 3.9% and pay out 187.4% of their earnings in the form of a dividend.
This table compares Global Net Lease and its peers top-line revenue, earnings per share (EPS) and valuation.
|Gross Revenue||NetIncome||Price/Earnings Ratio|
|Global Net Lease||$214.17 million||$47.14 million||43.81|
|Global Net Lease Competitors||$536.81 million||$100.12 million||475.89|
Global Net Lease’s peers have higher revenue and earnings than Global Net Lease. Global Net Lease is trading at a lower price-to-earnings ratio than its peers, indicating that it is currently more affordable than other companies in its industry.
Volatility and Risk
Global Net Lease has a beta of 0.68, meaning that its stock price is 32% less volatile than the S&P 500. Comparatively, Global Net Lease’s peers have a beta of 0.79, meaning that their average stock price is 21% less volatile than the S&P 500.
This is a summary of recent ratings and price targets for Global Net Lease and its peers, as provided by MarketBeat.
|Sell Ratings||Hold Ratings||Buy Ratings||Strong Buy Ratings||Rating Score|
|Global Net Lease||0||2||0||0||2.00|
|Global Net Lease Competitors||656||2592||2212||23||2.29|
Global Net Lease currently has a consensus price target of $25.23, indicating a potential upside of 17.49%. As a group, “Commercial REITs” companies have a potential upside of 8.38%. Given Global Net Lease’s higher probable upside, analysts plainly believe Global Net Lease is more favorable than its peers.
This table compares Global Net Lease and its peers’ net margins, return on equity and return on assets.
|Net Margins||Return on Equity||Return on Assets|
|Global Net Lease||12.65%||2.29%||1.06%|
|Global Net Lease Competitors||52.37%||6.69%||3.85%|
Insider and Institutional Ownership
43.0% of Global Net Lease shares are held by institutional investors. Comparatively, 71.6% of shares of all “Commercial REITs” companies are held by institutional investors. 0.2% of Global Net Lease shares are held by insiders. Comparatively, 7.5% of shares of all “Commercial REITs” companies are held by insiders. Strong institutional ownership is an indication that large money managers, endowments and hedge funds believe a company will outperform the market over the long term.
Global Net Lease peers beat Global Net Lease on 13 of the 15 factors compared.
About Global Net Lease
Global Net Lease, Inc. is a real estate investment trust. The Company’s business consists of owning, managing, operating, leasing, acquiring, investing in and disposing of real estate assets. It owns and invests in commercial properties principally in the United States, the United Kingdom and continental Europe that are then leased to companies. It was formed to primarily acquire a portfolio of commercial properties, with an emphasis on sale-leaseback transactions involving single tenant net-leased commercial properties. As of December 31, 2016, it owned 310 properties consisting of 22 million rentable square feet. As of December 31, 2016, its owned 310 properties, including 241 properties located in the United States and Puerto Rico, 43 properties located in the United Kingdom and 26 properties located across continental Europe. It may also originate or acquire first mortgage loans secured by real estate. Its business is conducted through Global Net Lease Operating Partnership, L.P.
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