GSL Stock Recent News

Global Ship Lease's strong backlog and improved balance sheet make both common and preferred shares appealing, despite potential volatility in charter rates. 2024 was a strong year with increased revenue and decreased net debt, resulting in a net profit of $92.6M and EPS of $2.54. The Series B preferred shares offer an 8.4% yield and are well covered, backed by a robust balance sheet with $1.35B in common equity.

Meaningful revenue backlog continues to grow. This offers earnings visibility ahead of time and an ongoing deleveraging strategy. The company disposed of three older containerships with higher book value. GSL offers double-digit total return (thanks to dividends and buyback), low P/E, and solid FCF generation. It is a clear buy.

Global Ship Lease (NYSE:GSL) offers a compelling investment opportunity with a 10% yield, trading below fair value due to recent market turmoil. GSL's stable, predictable cash flow is backed by long-term contracts with top-tier counterparts, ensuring resilience amid market volatility. The company's strong financial position, with significant debt reduction and increasing dividends, highlights its commitment to shareholder returns.

Dividend stocks are still a good investment right now, even though many investors are focusing on buying the dip.

Global Ship Lease (GSL) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions may not translate into further price increase in the near term.

Global Ship Lease owns a large fleet of medium-sized container ships, ensuring stable income through long-term fixed-rate agreements with cargo lines. Despite significant debt reduction, share buybacks, and increased dividends, GSL is undervalued with a P/E ratio below 2.5 and a dividend yield over 10%. GSL's financials are robust, with 2024 revenue at $711M, EBITDA at $495M, and net profit at $344M, alongside a low Debt/EBITDA ratio of 1.1x.

ATHENS, Greece, March 18, 2025 (GLOBE NEWSWIRE) -- Global Ship Lease, Inc. (NYSE:GSL) (the "Company"), a containership charter owner, filed its Annual Report on Form 20-F for the year ended December 31, 2024 (the "Form 20-F") with the U.S. Securities and Exchange Commission (the "SEC").

ATHENS, Greece, March 06, 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 January 1, 2025 to March 31, 2025 and will be paid on April 1, 2025 to all Series B Preferred Shareholders of record as of March 25, 2025.

Global Ship Lease, Inc. (NYSE:GSL ) Q4 2024 Earnings Conference Call March 5, 2025 10:30 AM ET Company Participants Thomas Lister - Chief Executive Officer George Youroukos - Executive Chairman Tassos Psaropoulos - Chief Financial Officer Conference Call Participants Liam Burke - B. Riley Operator Thank you for standing by and good day everyone.

Forward contract cover locked in for 89% of 2025 days and 66% of 2026 days Annualized Dividend to increase to $2.10 per Class A Common Share ATHENS, Greece, March 05, 2025 (GLOBE NEWSWIRE) -- Global Ship Lease, Inc. (NYSE: GSL) (the “Company”, “Global Ship Lease” or “GSL”), an owner of containerships, announced today its unaudited results for the three months and year ended December 31, 2024. Full Year and Fourth Quarter of 2024 Highlights and Other Recent Developments - 4Q 2024 operating revenue of $182.4 million; full year operating revenue of $711.1 million, up 5.4% on 2023.