GSL

ATHENS, Greece, June 17, 2026 (GLOBE NEWSWIRE) -- Global Ship Lease, Inc. (NYSE: GSL) (the “Company” or “GSL”) today announced that its 2026 Annual Meeting of Shareholders was duly held on June 17, 2026 in Athens, Greece (the “Annual Meeting”). At the Annual Meeting, the shareholders of the Company (i) elected each of three directors, Michael S. Gross, Menno van Lacum and Alain Wils, to serve until the Company’s 2029 Annual Meeting of Shareholders and until such time as his respective successor has been duly elected and qualified, (ii) ratified the appointment of PricewaterhouseCoopers S.A. as the Company’s independent public accounting firm for the fiscal year ending December 31, 2026, and (iii) approved the Company’s Second Amended and Restated Articles of Incorporation and authorized the Board of Directors to effect such amendment and restatement by filing the same with the Registrar of Corporations of the Republic of the Marshall Islands. About Global Ship Lease Global Ship Lease is a leading independent owner of containerships with a diversified fleet of mid-sized and smaller containerships. Incorporated in the Marshall Islands, Global Ship Lease commenced operations in December 2007 with a business of owning and chartering out containerships under fixed-rate charters to top tier container liner companies. It was listed on the New York Stock Exchange in August 2008. Our fleet of 71 vessels as of March 31, 2026, had an average age weighted by TEU capacity of 18.2 years. 41 ships are wide-beam Post-Panamax. As of March 31, 2026, the average remaining term of the Company’s charters, to the mid-point of redelivery, including options under the Company’s control and other than if a redelivery notice has been received, was 2.6 years on a TEU-weighted basis. Contracted revenue on the same basis was $2.05 billion. Contracted revenue was $2.58 billion, including options under charterers’ control and with latest redelivery date, representing a weighted average remaining term of 3.3 years. Safe Harbor Statement This press release contains forward-looking statements. Forward-looking statements provide the Company’s current expectations or forecasts of future events. Forward-looking statements include statements about the Company’s expectations, beliefs, plans, objectives, intentions, assumptions and other statements that are not historical facts. Words or phrases su...

ATHENS, Greece, June 08, 2026 (GLOBE NEWSWIRE) -- Global Ship Lease, Inc. (NYSE:GSL) (the “Company”), a containership owner and lessor, 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 April 1, 2026 to June 30, 2026 and will be paid on July 1, 2026 to all Series B Preferred Shareholders of record as of June 24, 2026. About Global Ship Lease Global Ship Lease is a leading independent owner of containerships with a diversified fleet of mid-sized and smaller containerships. Incorporated in the Marshall Islands, Global Ship Lease commenced operations in December 2007 with a business of owning and chartering out containerships under fixed-rate charters to top tier container liner companies. It was listed on the New York Stock Exchange in August 2008. Our fleet of 71 vessels as of March 31, 2026, had an average age weighted by TEU capacity of 18.2 years. 41 ships are wide-beam Post-Panamax. As of March 31, 2026, the average remaining term of the Company’s charters, to the mid-point of redelivery, including options under the Company’s control and other than if a redelivery notice has been received, was 2.6 years on a TEU-weighted basis. Contracted revenue on the same basis was $2.05 billion. Contracted revenue was $2.58 billion, including options under charterers’ control and with latest redelivery date, representing a weighted average remaining term of 3.3 years. Forward-Looking Statements This press release contains forward-looking statements. Forward-looking statements provide the Company’s current expectations or forecasts of future events. Forward-looking statements include statements about the Company’s expectations, beliefs, plans, objectives, intentions, assumptions and other statements that are not historical facts. Words or phrases such as “anticipate,” “believe,” “continue,” “estimate,” “expect,” “intend,” “may,” “ongoing,” “plan,” “potential,” “predict,” “project,” “will” or similar words or phrases, or the negatives of those words or phrases, may identify forward-looking statements, but the absence of these words does not necessarily mean that a statement is not forwar...

Global Ship Lease, Inc. GSL used its first-quarter 2026 earnings call to press a familiar message with added urgency: charter visibility remains strong, but geopolitical disruption is making balance-sheet flexibility more valuable. Management framed the quarter around resilience, optionality and disciplined capital allocation. That framing mattered because the company paired another earnings beat with a more explicit defense of cash retention over aggressive deployment. Executives pointed to strong charter demand, limited vessel availability and a growing need to stay prepared for volatility-driven opportunities. Executive chairman Georgios Youroukos said the operating backdrop remains defined by fragmented trade routes, higher inefficiency and greater demand for flexible midsized and smaller containerships. He tied that directly to GSL’s niche, arguing that non-mainlane trades continue to favor the vessel sizes the company owns. Chief executive officer Thomas Lister reinforced that message by highlighting more than $2 billion of contracted revenue and 2.6 years of contract cover as of March 31. He said revenue-day coverage stands at 100% for 2026 and 86% for 2027, giving the company unusually strong forward visibility in an uncertain market. That visibility helped anchor the quarter’s financial context. GSL reported adjusted earnings of $2.56 per share on revenue of $198.08 million, beating the Zacks Consensus Estimate of $2.40 and $190.94 million, respectively, with surprise rates of 6.67% and 3.74%. Global Ship Lease, Inc. price-consensus-eps-surprise-chart | Global Ship Lease, Inc. Quote Global Ship Lease’s management team spent significant time on capital allocation, with Lister describing a three-part approach built around dividends, deleveraging and selective fleet renewal. He said the goal is long-term shareholder value, not simply near-term expansion. Chief financial officer Tassos Psaropoulos said cash was $655 million, though $156 million was restricted, leaving the company close to net-zero debt on paper. He presented that liquidity as protection against macro shocks and as dry powder for vessel upgrades and future renewal opportunities. The company also continued returning capital. It maintained an annualized dividend of $2.50 per share while adding $86.1 million of contracted revenue during the quarter and keeping leverage on a downward path. R...

Find your next quality investment with Simply Wall St's easy and powerful screener, trusted by over 7 million individual investors worldwide. Global Ship Lease (GSL) just posted first quarter 2026 results that topped analyst expectations, with both revenue and earnings per share ahead of forecasts, alongside full 2026 charter coverage and ongoing dividend payments. See our latest analysis for Global Ship Lease. Despite the Q1 beat and firm charter coverage, the share price fell 7.1% on the day of the results and is down over the past quarter. However, the 1 year total shareholder return of 66.2% and 3 year total shareholder return of around 2.6x still point to strong longer term gains that investors are reassessing against perceived valuation risk and recent insider selling. If this kind of earnings driven move has you thinking about where else to put fresh capital to work, it could be worth scanning 20 top founder-led companies With GSL now trading below its recent peak, yet still carrying a 1 year total return of 66.2% and a value score of 6, should you view current levels as a mispricing or as evidence that the market already anticipates future growth? Global Ship Lease's most followed narrative points to a fair value of about $41.67 per share versus the last close at $38.02, which frames the stock as modestly undervalued and puts the focus firmly on how its mid sized containership exposure and capital returns could influence future outcomes. Read the complete narrative. Want to see how this backlog, margin outlook, and future earnings path come together in one pricing story? The narrative hinges on shifting revenues, changing profitability, and a richer earnings multiple that could reshape what investors are willing to pay. Result: Fair Value of $41.67 (UNDERVALUED) Have a read of the narrative in full and understand what's behind the forecasts. However, this depends on tight vessel supply and resilient charter demand, and any sharp correction in rates or weaker utilisation could quickly challenge that underpricing story. Find out about the key risks to this Global Ship Lease narrative. With mixed signals on value, risk, and upside, this is a moment to act quickly and test the narrative against your own reading of the data. To weigh both sides of the story on your terms, start with the 4 key rewards and 3 important warning signs. If you stop with just on...

Forward contract cover locked in for 100% of 2026 and 86% of 2027 Annualized dividend of $2.50 per Class A Common ShareOpportunistic monetization of selected non-core assets ATHENS, Greece, May 22, 2026 (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 ended March 31, 2026. First Quarter Highlights and Other Recent Developments - 1Q 2026 operating revenue of $198.1 million. - 1Q 2026 net income available to common shareholders of $91.4 million, or $2.54 earnings per share (EPS). - 1Q 2026 normalized net income (a non-U.S. GAAP financial measure, described below)3 of $92.1 million, or $2.56 normalized EPS³. - 1Q 2026 Adjusted EBITDA (a non-U.S. GAAP financial measure, described below)3 of $133.2 million. - Added $86.1 million of contracted revenues during first quarter of 2026, bringing total contracted revenues as of March 31, 2026 to $2.05 billion, over a weighted average remaining duration of 2.6 years. - On May 11, 2026, declared a dividend of $0.625 per Class A common share for the first quarter of 2026, to be paid on June 3, 2026 to Class A common shareholders of record as of May 22, 2026. Paid a dividend of $0.625 per Class A common share for the fourth quarter of 2025 on March 6, 2026. - During April and May of 2026, entered into agreements for the forward sales of three non-core ships, built 2000 – 2002, for an aggregate price of $52.0 million and anticipated gain on sale of approximately $25.0 million. The ships are scheduled to be delivered to buyers upon expiry of the vessels’ respective charters: Manet (2,200 TEU, 2001-built) and Kumasi (2,200 TEU, 2002-built) in 4Q 2026 – 1Q 2027, and Ian H (5,900 TEU, 2000-built) in 4Q 2027. - On December 1, 2025, announced the purchase of three 8,586 TEU Korean-built containerships with ECO upgrades (the “Three Newly Acquired Vessels”) for an aggregate purchase price of $90.0 million. The Three Newly Acquired Vessels have attached charters with a leading liner company. Two of the vessels were delivered to us in December 2025 and the third was delivered to us in January 2026. George Youroukos, our Executive Chairman, stated: “We are proud to have delivered another successful quarter, carrying our positive momentum into the new year even as the geopolitical instability and f...

Interested in Global Ship Lease, Inc.? Here are five stocks we like better. Global Ship Lease said it entered 2026 with strong visibility, including more than $2 billion in contracted revenue, 100% charter coverage for 2026, and 86% coverage for 2027. Executives said geopolitical disruptions in the Red Sea, Strait of Hormuz, and broader trade environment are boosting demand for flexible container shipping capacity, especially the company’s mid-sized vessels. The company also highlighted a fortified balance sheet, with $655 million in cash and falling debt, while maintaining a conservative capital allocation approach focused on dividends, deleveraging, and selective fleet renewal. Global Ship Lease (NYSE:GSL) executives said the container ship lessor entered 2026 with full charter coverage for the year, a strengthened balance sheet and more than $2 billion in contracted revenue, while warning that escalating geopolitical disruptions are reshaping global trade routes and vessel demand. On the company’s first-quarter 2026 earnings call, Executive Chairman George Youroukos said the opening months of the year marked “a continuation and in fact, an escalation” of geopolitical uncertainty seen in 2025. He cited disruption from tariffs, the Red Sea and the Strait of Hormuz, including what he described as a humanitarian crisis involving about 20,000 seafarers trapped in the Persian Gulf. → CAVA Group’s Stock Looks Delicious After Strong Earnings Youroukos said shifting, fragmented and less efficient trade routes are requiring “even more container ship capacity and more flexible ships” to move the same volume of cargo. He said that dynamic continues to support demand for Global Ship Lease’s mid-sized and smaller container ships. Chief Executive Officer Thomas Lister said Global Ship Lease had more than $2 billion in forward contracted revenue as of March 31, with an average remaining contract cover of 2.6 years. The company reported 100% coverage of revenue days for 2026 and 86% coverage for 2027. → SpaceX IPO: Opportunity? Or the Ultimate Hype Trade? Lister emphasized the company’s focus on container ships ranging from about 2,000 TEU to roughly 10,000 TEU, describing those vessels as central to non-mainline trades that account for about three-quarters of global containerized trade volumes. He said these ships offer flexibility because they are not limited to the lar...

This article first appeared on GuruFocus. Contracted Revenues: Over $2 billion with 2.6 years of contract cover. Charter Coverage: 100% for 2026 and 86% for 2027. Annualized Dividend: $2.5 per share, approximately 6% yield. Cash Position: $655 million, with $156 million restricted. Outstanding Debt: Reduced from $950 million at the end of 2022 to under $700 million, targeting below $600 million by year-end. Financial Leverage: Reduced from 8.4 times in 2018 to 0.3 times. Breakeven Rates: Just above $9,800 per ship. Forward Sales of Ships: Three older ships sold for $52 million, expected book gain of $25 million. Warning! GuruFocus has detected 9 Warning Signs with GSL. Is GSL fairly valued? Test your thesis with our free DCF calculator. Release Date: May 22, 2026 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Global Ship Lease Inc (NYSE:GSL) has secured $2.1 billion in contracted revenues over the next 2.6 years, providing strong revenue visibility. The company has achieved 100% charter coverage for 2026 and 86% for 2027, ensuring stable income streams. GSL is maintaining a strong balance sheet with a cash position of $655 million, nearly reaching net zero debt. The company continues to pay an annualized dividend of $2.5 per share, offering a dividend yield of around 6%. GSL has successfully forward sold three older ships for $52 million, expected to unlock a book gain of around $25 million. Geopolitical uncertainties, such as disruptions in the Red Sea and Strait of Hormuz, are impacting global shipping routes and creating operational challenges. The market remains highly volatile, with limited forward visibility and potential risks from geopolitical tensions. There is a significant increase in congestion at regional ports and transit locations, affecting shipping efficiency. The company faces rising crewing costs and inflationary pressures on vessel operating expenses. Despite a strong cash position, GSL is cautious about fleet renewal opportunities, indicating potential challenges in finding suitable investment opportunities. Q: Can you gauge charterers' interest in forward fixing vessels for 2027, and what is the appetite for rates? A: Georgios Youroukos, Executive Chairman: The market is healthy with demand exceeding ship availability. There is interest in forward fixing, especially for larger ships...

KIFISIA, Greece (AP) — KIFISIA, Greece (AP) — Global Ship Lease Inc. (GSL) on Friday reported profit of $93.8 million in its first quarter. The Kifisia, Greece-based company said it had profit of $2.54 per share. Earnings, adjusted for one-time items, were $2.56 per share. The containership owner posted revenue of $198.1 million in the period. _____ This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on GSL at https://www.zacks.com/ap/GSL

Our analysts just identified a stock with the potential to be the next Nvidia. Tell us how you invest and we'll show you why it's our #1 pick. Tap here. Management attributes strong demand to an escalation of geopolitical uncertainty, specifically disruptions in the Red Sea and the Strait of Hormuz, which have forced trade route shifts. The shift to longer voyages around the Cape of Good Hope has absorbed approximately 10% of effective global shipping capacity, tightening the market for mid-sized vessels. Strategic focus remains on the 2,000 to 10,000 TEU segments, which management views as the 'backbone' of trade due to their operational flexibility across non-mainlane routes. Performance is underpinned by a 'Fortress' balance sheet strategy, having reduced financial leverage from 8.4x in 2018 to 0.3x currently. The company is executing a disciplined fleet renewal strategy, exemplified by the opportunistic forward sale of three vessels aged 25+ years to unlock an estimated $25 million book gain. Operational leverage is a key driver, with average daily breakeven rates at approximately $9.8 thousand per ship, allowing incremental revenue to flow directly to the bottom line. Revenue visibility is secured with $2.1 billion in contracted revenue over 2.8 years, including 100% charter coverage for 2026 and 86% for 2027. Management expects the sub-10,000 TEU fleet to potentially shrink by 3.4% through 2030 if all ships 25 years and older are scrapped, supporting long-term rate stability. The company intends to prioritize building 'dry powder' for opportunistic acquisitions during market downturns rather than aggressive share buybacks at current valuations. Guidance assumes that liner companies are unlikely to return to transiting the Red Sea at scale in the near term due to deteriorating security conditions. Future fleet renewal will likely skew toward the 6,000 to 10,000 TEU range to maximize risk-adjusted returns and operational versatility. The humanitarian crisis in the Persian Gulf, with approximately 20 thousand seafarers trapped, is flagged as a significant ongoing operational and ethical challenge. Forward sales of three older ships for $52 million will allow the company to retain all contracted EBITDA until delivery dates ranging from Q4 2026 to Q4 2027. Rising crewing costs and inflationary pressures on vessel OpEx are being offset by reduced interest ex...

Image source: The Motley Fool. Friday, May 22, 2026 at 10:30 a.m. ET Executive Chairman — Georgios Giouroukos Youroukos Chief Executive Officer — Thomas A. Lister Chief Financial Officer — Anastasios Psaropoulos Need a quote from a Motley Fool analyst? Email [email protected] Thomas A. Lister: Thank you very much. Hello, everyone, and welcome to the Global Ship Lease First Quarter 26 Earnings Conference Call. You can find the slides as usual that accompany today's call. On our website at www.globalshiplease.com. As usual, slides 2 and 3 remind you that today's call may include forward-looking statements that are based on current expectations and assumptions and are, by their nature, inherently uncertain and outside of the company's control. Actual results may differ materially from these forward-looking statements due to many factors including those described in the Safe Harbor section of the slide presentation. We would also like to direct your attention to the risk factors section of our most recent annual report on our 2025 form 20 F, which was filed in March 2026, You can find the form on our website or on the SEC's. All of our statements are qualified by these and other disclosures in our reports filed with the SEC. We do not undertake any duty to update forward-looking statements. The reconciliations of the non GAAP financial measures to which we will refer during the call to the most directly comparable measures calculated and presented in accordance with GAAP, please refer to the earnings release that we issued this morning, which is also available on our website. I am joined as usual today by our executive chairman, George Euroukos and our Chief Financial Officer, Anastasios Psaropoulos. George will begin the call with high level commentary on GSL and our industry and then Tassos and I will take you through our recent activity. Quarterly results and financials, and the current market environment. After that, we will be very pleased to answer your questions. So turning now to slide 4, I will pass the call over to Georgios. Georgios Giouroukos Youroukos: Thank you, Tom, and good morning, afternoon, or evening. to all of you joining today. The opening months of 2026 have been a continuation and, in fact, an escalation of the themes of geopolitical uncertainty and volatility that we saw in 2025. From the continued disruption of traffic in the Red Sea to the u...

Global Ship Lease (GSL) reported Q1 normalized earnings Friday of $2.56 per share, down from $2.65 a

Global Ship Lease (GSL) came out with quarterly earnings of $2.56 per share, beating the Zacks Consensus Estimate of $2.4 per share. This compares to earnings of $2.65 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +6.67%. A quarter ago, it was expected that this containership owner would post earnings of $2.31 per share when it actually produced earnings of $2.32, delivering a surprise of +0.43%. Over the last four quarters, the company has surpassed consensus EPS estimates four times. Global Ship Lease, which belongs to the Zacks Transportation - Shipping industry, posted revenues of $198.08 million for the quarter ended March 2026, surpassing the Zacks Consensus Estimate by 3.74%. This compares to year-ago revenues of $190.98 million. The company has topped consensus revenue estimates four times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Global Ship Lease shares have added about 16.8% since the beginning of the year versus the S&P 500's gain of 8.8%. While Global Ship Lease has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Global Ship Lease was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete...