How reliable are GNL's earnings forecasts based on past surprises?

Global Net Lease's (GNL) earnings forecasts have shown significant variability, making them less reliable based on past surprises. The most recent surprise was a negative EPS surprise of -$0.76, which occurred on April 10, 2025.

|code|Ticker|Name|Date|EPS Surprise|Diluted EPS|market_code|
|---|---|---|---|---|---|---|
|GNL|GNL.N|Global Net Lease|2024 Q1|-0.12|-0.15|169|
|GNL|GNL.N|Global Net Lease|2024 Q2|-0.17|-0.2|169|
|GNL|GNL.N|Global Net Lease|2024 Q3|-0.3|-0.33|169|
|GNL|GNL.N|Global Net Lease|2024 Q4|0.02||169|

This surprise comes against a backdrop of declining earnings forecasts, with estimates for AFFO per share decreasing by approximately 29% in 2025 and 9% in 2026 compared to previous estimates. Despite these declines, GNL has maintained a consistent dividend yield, which may appeal to income-focused investors. However, the reliance on dividend payments rather than earnings growth could be a concern for investors seeking capital appreciation.