Contrasting Columbia Property Trust (CXP) and Global Net Lease (GNL)
Columbia Property Trust (NYSE: CXP) and Global Net Lease (NYSE:GNL) are both finance companies, but which is the better investment? We will compare the two companies based on the strength of their risk, institutional ownership, analyst recommendations, earnings, profitability, valuation and dividends.
Columbia Property Trust pays an annual dividend of $0.80 per share and has a dividend yield of 3.6%. Global Net Lease pays an annual dividend of $2.13 per share and has a dividend yield of 9.8%. Columbia Property Trust pays out 47.6% of its earnings in the form of a dividend. Global Net Lease pays out 349.2% of its earnings in the form of a dividend, suggesting it may not have sufficient earnings to cover its dividend payment in the future.
Risk & Volatility
Columbia Property Trust has a beta of 1.17, indicating that its share price is 17% more volatile than the S&P 500. Comparatively, Global Net Lease has a beta of 0.68, indicating that its share price is 32% less volatile than the S&P 500.
Valuation and Earnings
This table compares Columbia Property Trust and Global Net Lease’s gross revenue, earnings per share (EPS) and valuation.
|Gross Revenue||Price/Sales Ratio||NetIncome||Earnings Per Share||Price/Earnings Ratio|
|Columbia Property Trust||$473.54 million||5.60||$84.28 million||$1.68||13.18|
|Global Net Lease||$214.17 million||6.85||$47.14 million||$0.61||35.74|
Columbia Property Trust has higher revenue and earnings than Global Net Lease. Columbia Property Trust is trading at a lower price-to-earnings ratio than Global Net Lease, indicating that it is currently the more affordable of the two stocks.
This table compares Columbia Property Trust and Global Net Lease’s net margins, return on equity and return on assets.
|Net Margins||Return on Equity||Return on Assets|
|Columbia Property Trust||63.37%||8.10%||4.91%|
|Global Net Lease||16.04%||2.91%||1.35%|
Institutional and Insider Ownership
65.1% of Columbia Property Trust shares are held by institutional investors. Comparatively, 42.6% of Global Net Lease shares are held by institutional investors. 0.5% of Columbia Property Trust shares are held by insiders. Comparatively, 0.2% of Global Net Lease shares are held by insiders. Strong institutional ownership is an indication that endowments, hedge funds and large money managers believe a company is poised for long-term growth.
This is a breakdown of current ratings and target prices for Columbia Property Trust and Global Net Lease, as reported by MarketBeat.com.
|Sell Ratings||Hold Ratings||Buy Ratings||Strong Buy Ratings||Rating Score|
|Columbia Property Trust||0||2||5||0||2.71|
|Global Net Lease||0||1||0||0||2.00|
Columbia Property Trust currently has a consensus target price of $24.17, indicating a potential upside of 9.15%. Global Net Lease has a consensus target price of $24.45, indicating a potential upside of 12.16%. Given Global Net Lease’s higher probable upside, analysts clearly believe Global Net Lease is more favorable than Columbia Property Trust.
Columbia Property Trust beats Global Net Lease on 13 of the 16 factors compared between the two stocks.
Columbia Property Trust Company Profile
Columbia Property Trust, Inc. operates as a real estate investment trust (REIT), which owns and operates commercial real estate properties. The Company’s primary objective is to generate long-term shareholder returns from a combination of steadily growing cash flows and appreciation in its net asset values, through the acquisition and ownership of office buildings located principally in high-barrier-to-entry markets. The Company’s segments include New York, San Francisco, Atlanta, Washington, D.C., Boston, Los Angeles and all other office markets. The all other office markets segment consists of properties in similar, low-barrier to entry geographic locations, in which the Company does not plan to make further investments. The Company conducts its business primarily through Columbia Property Trust Operating Partnership, L.P. (Columbia Property Trust OP), which acquires, develops, owns, leases and operates real properties directly through subsidiaries or through joint ventures.
Global Net Lease Company Profile
Global Net Lease, Inc. is a real estate investment trust. The Company’s business consists of owning, managing, operating, leasing, acquiring, investing in and disposing of real estate assets. It owns and invests in commercial properties principally in the United States, the United Kingdom and continental Europe that are then leased to companies. It was formed to primarily acquire a portfolio of commercial properties, with an emphasis on sale-leaseback transactions involving single tenant net-leased commercial properties. As of December 31, 2016, it owned 310 properties consisting of 22 million rentable square feet. As of December 31, 2016, its owned 310 properties, including 241 properties located in the United States and Puerto Rico, 43 properties located in the United Kingdom and 26 properties located across continental Europe. It may also originate or acquire first mortgage loans secured by real estate. Its business is conducted through Global Net Lease Operating Partnership, L.P.
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