GSL Stock Recent News

The Undercovered Dozen series highlights 12 lesser-covered stocks, offering fresh ideas and fostering discussion among investors. Highlighted ideas include buy or strong buy ratings for Arista Networks, Bristol Myers Squibb, Civitas Resources, DGRO, KKR, VGT, Morgan Stanley, Upstart, and Global Ship Lease, each with compelling catalysts. Cautious and negative stances are taken on CoreWeave (strong sell),  OMAH (hold), and UTLY (hold) with detailed justifications for avoiding or limiting exposure.

GSL remains an attractive buy, supported by strong Q1 results, a robust contract backlog, and continued fleet optimization. The company boasts a rock-solid financial position, low leverage, and a rising dividend yield near 7.8%, with further increases likely. Risks include potential share dilution and sector-specific headwinds, but long-term contracts and conservative management mitigate major threats.

I remain bullish on Global Ship Lease, which has outperformed both the market and its preferred shares since my latest update. My previous suggestion to shift from GSL preferreds to the common stock has proven highly successful, validating my conviction in the company's risk/reward profile. GSL's strong operational results and disciplined capital allocation continue to support both a pristine balance sheet and growing capital returns.

Moody's Maintains Corporate Family Rating; S&P Maintains Credit Rating; KBRA Maintains Issuer Rating and Affirms Investment Grade Rating of Senior Secured Notes Moody's Maintains Corporate Family Rating; S&P Maintains Credit Rating; KBRA Maintains Issuer Rating and Affirms Investment Grade Rating of Senior Secured Notes

GSL is a resilient, flexible marine shipping play with long-term contracts, strong counterparties, and a niche in smaller, adaptable vessels. Recent fleet expansion, robust Q1 results, and a $1.87 bn contracted revenue backlog provide high revenue visibility and limited downside risk. The balance sheet is strong, with ample liquidity, investment-grade ratings, and a generous dividend yield of 7.8%, supported by low valuation multiples.

Tom Lister, the CEO of Global Ship Lease, discusses the impact of Trump's tariffs and the ongoing crises in the Middle East on global shipping.

ATHENS, Greece, June 17, 2025 (GLOBE NEWSWIRE) -- Global Ship Lease, Inc. (NYSE: GSL) (the “Company” or “GSL”) today announced that its 2025 Annual Meeting of Shareholders was duly held on June 17, 2025 in Athens, Greece (the “Annual Meeting”). At the Annual Meeting, the shareholders of the Company (i) re-elected each of three directors, George Giouroukos, Ian J. Webber and Michael Chalkias, to serve until the Company's 2028 Annual Meeting of Shareholders and until such time as his respective successor has been duly elected and qualified, and (ii) ratified the appointment of PricewaterhouseCoopers S.A. as the Company's independent public accounting firm for the fiscal year ending December 31, 2025.

ATHENS, Greece, June 04, 2025 (GLOBE NEWSWIRE) -- Global Ship Lease, Inc. (NYSE:GSL) (the “Company”), a containership charter owner, announced today that the Company's Board of Directors has declared a cash dividend of $0.546875 per depositary share, each representing a 1/100th interest in a share of its 8.75% Series B Cumulative Redeemable Perpetual Preferred Shares (the “Series B Preferred Shares”) (NYSE:GSLPrB). The dividend represents payment for the period from April 1, 2025 to June 30, 2025 and will be paid on July 1, 2025 to all Series B Preferred Shareholders of record as of June 23, 2025.

Global Ship Lease, Inc. remains significantly undervalued, with a strong balance sheet, guaranteed backlog, and a P/E ratio just above 2, supporting a Strong Buy rating. The company's 69-ship fleet is fully leased for the next 2+ years, providing $1.24 billion in near-guaranteed cash flows versus an $885 million market cap. Management continues to execute well, selling older ships at a gain, growing backlog, and maintaining an attractive 8% dividend yield in a volatile market.

GSL's asset-light model, strong backlog, and robust Q1 results support our strong buy rating and target price increase to $33.30 per share. The company boasts a 93% contract coverage for 2024, 75% for 2026, and an 8.5% dividend yield, offering downside protection and earnings visibility. GSL's deleveraging, rising cash position, and disciplined fleet management enhance its financial strength, supporting ongoing free cash flow growth.