Global Ship Lease (GSL) had pre-announced its Q1 2026 payout about 11 days ago. Results were announced on 05/22/26. Some stats
- Operating rev of $198.1M
- Adj EBITDA of $133.2M
- Operating Income of $97.4M
- Net Income of $91.4M
- No vessel sales in Q1 2026, and the last of their 3-vessel acquisition delivered in Jan 2026
- Debt around $660M - a decent mix of bank debt, Notes, and Sale-&-leaseback financing
- Div of 62.5c/sh
GSL indicate fleet is fully covered for 2026. They must have much confidence that the three vessels in their latest acquisition (Q3 2026 charter expiry) will have their respective charters extended. Over 40% of the vessels in the fleet are > 20 years old (around 30 vessels). But, GSL have 23 vessels unencumbered.
Own small GSL stake.