Global Net Lease has pushed through four dividend cuts since 2020 in a pursuit of deleveraging post-internalization of its management. Recent FFO shows dividend coverage has dramatically improved, with the REIT also chasing stock repurchases. Non-core asset sales have led to an aggressive reduction in debt, strengthened liquidity, and gifted a corporate credit rating upgrade from S&P.
Global Business Travel Group raised its full-year guidance and continues to demonstrate strong operating leverage, with adjusted EBITDA margins set to expand by 130 basis points this year. The pending acquisition of CWT could add around $75 million in FCF next year, with total FCF of the combined company likely to end up at roughly $295 million. Further acquisition synergies, along with lower interest expenses from deleveraging, support FCF growth in the medium term, even if revenue growth remains muted.
GNL is undergoing a major transformation, shifting from aggressive acquisitions to a significant wave of property dispositions. The REIT's financials are challenging to interpret due to frequent adjustments. High impairment charges and lack of gains on asset sales highlight ongoing value destruction and poor capital allocation.
Shares of Abacus Global Management (NASDAQ:ABL) jumped 10.2% on Friday morning after the company raised its full-year earnings outlook and posted a second straight quarter of record growth. The alternative asset manager lifted its 2025 adjusted earnings forecast to a range of $74 million to $80 million, citing strong demand for policyholder liquidity and inflows into its new asset management offerings.
Global Net Lease, Inc. (NYSE:GNL ) Q2 2025 Earnings Conference Call August 7, 2025 11:00 AM ET Company Participants Christopher J. Masterson - CFO, Treasurer & Secretary Edward Michael Weil - President, CEO & Director Jordyn Schoenfeld - Corporate Participant Conference Call Participants Craig Gerald Kucera - Lucid Capital Markets, LLC, Research Division John P.
Abacus Global Management Inc. (NASDAQ: ABL) raised its full-year earnings outlook on Wednesday after reporting a second quarter of record growth, driven by rising demand for its life solutions offerings and expanding asset management platform. The alternative asset manager said total revenue surged 93% year-over-year to $56.2 million for the quarter to end June 2025, while adjusted net income rose 87% to $21.9 million.
I rate Apollo Global Management, Inc. a buy for long-term capital appreciation, citing its record Q2 results and exceptional business model. Apollo's unique strengths, including retirement services and alternative asset management, position it for continued growth and market outperformance. Regulatory changes allowing alternatives in retirement accounts could be a massive catalyst, while risks include macroeconomic downturns and regulatory delays.
Global Net Lease (GNL) came out with quarterly funds from operations (FFO) of $0.24 per share, beating the Zacks Consensus Estimate of $0.2 per share. This compares to FFO of $0.33 per share a year ago.
GPN posts an 11% EPS jump in Q2 2025, driven by solid Issuer and Merchant Solutions growth despite higher expenses.
Disney's streaming businesses will merge next year.
APO rises 2.3% after Q2 net income per share hits $1.92 and total AUM climbs 36% on strong inflows and robust fee growth.
Liberty Global's value-unlocking thesis is reactivated, with management now providing a clear 24-month timeline for potential spin-offs or IPOs. Despite depressed FCF and ongoing buybacks, I see at least $20/share in hidden value, especially as Dutch assets show early signs of turnaround. VMO2, VodafoneZiggo, and Telenet are prime spin-off candidates; successful separation could rapidly close Liberty's persistent holding company discount.