Global Net Lease (GNL) stock experienced a significant after-hours plunge of 6.08% on Friday, following the company's mixed fourth-quarter earnings report and weaker-than-expected guidance for 2025.
While GNL reported better-than-expected adjusted funds from operations (AFFO) of $0.34 per diluted share for Q4 2024, up from $0.31 a year earlier and beating analyst estimates of $0.31, its revenue for the quarter fell to $199.1 million from $206.7 million a year ago, missing expectations of $194.3 million.
The real concern for investors, however, appears to be GNL's disappointing 2025 AFFO guidance range of $0.90 to $0.96 per share, which fell significantly short of analysts' estimates of $1.21. This weaker-than-expected outlook raised concerns about the company's growth prospects and profitability for the current year, leading to the after-hours sell-off.