Global Ship Lease Inc Stock Price, News & Analysis

Global Ship Lease (NYSE: GSL) reported strong Q1 2025 financial results, with operating revenue reaching $191.0 million, up 6.3% year-over-year. Net income available to common shareholders increased 35.2% to $121.0 million, or $3.40 per share. The company secured $352 million in new contracted revenues, bringing total contracted revenues to $1.87 billion. GSL increased its quarterly dividend by 16.7% to $0.525 per share ($2.10 annualized). The company completed vessel sales with a $28.5 million aggregate gain and secured an $85 million credit facility with UBS. Forward contract cover stands at 93% for 2025 and 75% for 2026. Fleet utilization was 93.7%, with 406 off-hire days. The company maintains a strong balance sheet with debt leverage below 1x and a weighted average debt cost of 3.99%.

Global Ship Lease (NYSE:GSL), a containership charter owner, has announced a quarterly dividend declaration of $0.525 per Class A common share for the first quarter of 2025. The dividend will be paid on June 3, 2025 to shareholders of record as of May 23, 2025.

Global Ship Lease (NYSE:GSL) has announced its Annual Meeting of Shareholders scheduled for June 17, 2025 at 10:00 a.m. Eastern Time. The meeting agenda includes two main items: electing three Term II Directors who will serve until the 2028 Annual Meeting, and ratifying PricewaterhouseCoopers S.A. as the company's independent registered public accounting firm for fiscal year 2025. Shareholders of record as of April 23, 2025 are eligible to participate. Meeting documentation and voting instructions have been mailed to shareholders and will be available on the SEC website.

Global Ship Lease (NYSE:GSL) has announced its upcoming Q1 2025 earnings conference call scheduled for May 19, 2025 at 10:30 a.m. Eastern Time. The company will release its financial results before market opening on the same day. As of the latest update, GSL operates a fleet of 71 vessels with an average age of 17.5 years weighted by TEU capacity, including 40 wide-beam Post-Panamax ships. The company's contracted revenue stands at $1.88 billion with an average remaining charter term of 2.3 years, or $2.37 billion including charterers' options with a 2.9-year weighted average remaining term. Recent fleet updates include the delivery of the last Newly Acquired Vessel, Czech, and planned sales of three older vessels: Tasman, Akiteta, and Keta.

Global Ship Lease (NYSE:GSL), a containership charter owner, has announced the filing of its Annual Report on Form 20-F for the fiscal year ended December 31, 2024 with the U.S. Securities and Exchange Commission (SEC). The company has made the report accessible to shareholders through multiple channels:

- Available on company website under Investor Relations section
- Free hard copies available upon request via email or mail
- Can be requested through IGB Group by phone

Global Ship Lease (NYSE:GSL) has announced a quarterly dividend declaration for its Series B Preferred Shares. The company's Board of Directors approved a cash dividend of $0.546875 per depositary share for its 8.75% Series B Cumulative Redeemable Perpetual Preferred Shares (NYSE:GSLPrB).

The dividend covers the period from January 1, 2025 to March 31, 2025. Shareholders of record as of March 25, 2025, will receive the payment on April 1, 2025. Each depositary share represents a 1/100th interest in a share of the Series B Preferred Shares.

Global Ship Lease (NYSE: GSL) reported strong financial results for Q4 and full-year 2024. Operating revenue reached $182.4M in Q4 and $711.1M for the full year, up 5.4% from 2023. Net income for Q4 was $90.2M ($2.54 EPS), while full-year income reached $344.1M ($9.74 EPS), up 16.6% year-over-year.

The company made significant fleet adjustments, purchasing four ECO-9,000 TEU containerships for $274M and selling three older vessels for $54.5M. GSL secured $884.8M in new contracted revenues, bringing total contracted revenues to $1.88B. The Board approved a 16.7% increase in annualized dividends to $2.10 per share.

Fleet utilization remained strong at 94.5% in Q4 2024, with 347 days of offhire. The company's debt totaled $691.1M as of December 31, 2024, with 18 vessels unencumbered.

Global Ship Lease (NYSE:GSL) has announced it will release its fourth quarter and full year 2024 financial results on Wednesday, March 5, 2025, before market opening, followed by a conference call at 10:30 a.m. Eastern Time.

As of September 30, 2024, the company owns 68 containerships with an aggregate capacity of 376,723 TEU, including 36 wide-beam Post-Panamax vessels. The average remaining charter term is 2.3 years on a TEU-weighted basis, with contracted revenue of $1.78 billion. Including charterers' options, contracted revenue reaches $2.15 billion with a weighted average remaining term of 2.8 years.

Global Ship Lease (NYSE:GSL) has announced its quarterly dividend declaration for Q4 2024. The company's Board of Directors has approved a dividend of $0.45 per Class A common share. The dividend will be paid on March 6, 2025, to shareholders who are on record as of February 24, 2025. Global Ship Lease operates as a containership charter owner.