Global Net Lease, Inc. (GNL) vs JBG SMITH Properties (JBGS)

Global Net Lease, Inc. and JBG SMITH Properties are both Reit Diversified companies. Global Net Lease, Inc. is the larger, with a market value of $2.0B against $776.8M — 2.6× the size. JBG SMITH Properties grew revenue faster over the last twelve months: −1.08% against −13.9%. Global Net Lease, Inc. has the higher net margin (−12.5% vs −29.9%) and the higher return on invested capital (4.14% vs −0.08%). Both pay a dividend; Global Net Lease, Inc. yields more (19.0% vs 5.34%). Across the 20 metrics below, Global Net Lease, Inc. leads on 14 and JBG SMITH Properties on 6.

Valuation

Metric GNL JBGS Reit Diversified median
P/E n/m n/m 23.72
P/S 3.93 1.21 3.28
P/B 1.20 0.57 0.87
Price to free cash flow 8.98 n/m 9.21
EV/EBITDA 7.52 15.60 11.57
EV/Sales 6.64 5.97 6.64
Earnings yield (3.27%) (24.79%) 1.04%
Free cash flow yield 11.13% (6.88%) 0.16%

Profitability

Metric GNL JBGS Reit Diversified median
Gross margin 88.78% 61.85% 77.09%
Operating margin 39.64% (0.88%) 33.33%
Net margin (12.46%) (29.89%) 2.62%
Free cash flow margin 43.76% (8.31%) 3.11%
Return on equity (3.43%) (12.66%) 3.13%
Return on assets (1.27%) (3.45%) 0.35%
Return on invested capital 4.14% (0.08%) 2.80%

Growth

Metric GNL JBGS Reit Diversified median
Revenue growth (TTM) (13.87%) (1.08%) 5.49%
EPS growth (last fiscal year) (59.21%) (26.67%) —
Revenue growth, 5-year CAGR 8.45% (3.72%) 4.83%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric GNL JBGS Reit Diversified median
Debt to equity 0.94 2.35 1.13
Current ratio 0.16 4.89 1.47
Net debt to EBITDA 0.32 11.90 5.88

Dividend

Metric GNL JBGS Reit Diversified median
Dividend yield 19.04% 5.34% 7.13%
Payout ratio — 2.20 1.37

Size

Metric GNL JBGS Reit Diversified median
Market cap 2.00b 776.78m 729.58m

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