Global Ship Lease Inc Stock Price, News & Analysis

Global Ship Lease (NYSE:GSL), a leading containership owner and lessor, has scheduled its Q2 2025 earnings conference call for August 5, 2025, at 10:30 a.m. ET. The company will release its financial results before market opening on the same day.

As of March 31, 2025, GSL operates a fleet of 69 vessels with an average age of 17.5 years weighted by TEU capacity, including 39 wide-beam Post-Panamax ships. The company's contracted revenue stands at $1.87 billion with an average remaining charter term of 2.3 years, extending to $2.37 billion and 3.0 years when including charterer-controlled options.

Global Ship Lease (NYSE: GSL), a containership owner and lessor, has received affirmed credit ratings from three major agencies. Moody's maintained its Ba2 Corporate Family Rating, S&P affirmed its BB+ long-term issuer credit rating, and KBRA maintained its BB+ corporate rating, all with stable outlooks. KBRA also affirmed the BBB investment grade rating for GSL's 5.69% Senior Secured Notes due 2027.

The rating agencies highlighted GSL's strong cash flow utilization for deleveraging, disciplined low leverage strategy, and revenue stability from multi-year charter agreements. They also noted the company's resilience during industry disruptions and its strategic focus on mid-sized and smaller containerships with value-added features like high-reefer capacity.

Global Ship Lease (NYSE: GSL) held its 2025 Annual Meeting of Shareholders in Athens, Greece on June 17, 2025. During the meeting, shareholders approved two key agenda items: First, they re-elected three directors - George Giouroukos, Ian J. Webber, and Michael Chalkias - who will serve until the 2028 Annual Meeting of Shareholders. Second, shareholders ratified the appointment of PricewaterhouseCoopers S.A. as GSL's independent public accounting firm for the fiscal year ending December 31, 2025.

Global Ship Lease (NYSE:GSL) has announced a quarterly 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 April 1, 2025 to June 30, 2025, and will be paid on July 1, 2025. Shareholders of record as of June 23, 2025, will be eligible to receive the dividend payment. Each depositary share represents a 1/100th interest in a share of the Series B Preferred Shares.

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