Global Net Lease Inc Stock Price, News & Analysis

Global Net Lease (NYSE: GNL) announced that S&P Global has upgraded its corporate credit rating to BB+ from BB and raised its issue-level rating on unsecured notes to investment-grade BBB- from BB+. The upgrades follow GNL's successful $1.8 billion sale of its multi-tenant portfolio, which enabled significant debt reduction.

The company's streamlined portfolio now features diversified, long-term triple-net leases with a broad tenant base, minimal near-term lease expirations, and high occupancy. CEO Michael Weil emphasized the company's commitment to further strengthen its financial position through continued leverage reduction and lowering cost of capital in the second half of 2025 and beyond.

RCG Ventures has completed a significant $1.8 billion acquisition of a multi-tenant retail portfolio from Global Net Lease (GNL), comprising 99 properties across 28 states with over 14 million square feet. This transformative deal more than doubles RCG's footprint to over 130 retail properties. The transaction received backing from major institutional partners including Ares Management and Koch Real Estate Investments. Since its founding in 2003, RCG has deployed approximately $3.4 billion across 282 properties, totaling 36.2 million square feet in 34 states. The acquisition aligns with RCG's strategy of investing in shopping centers anchored by national retailers in high-growth markets. Truist Securities and KeyBank provided financing, while McGuireWoods LLP, King & Spalding LLP, and Gibson Avenue Capital served as advisors.

Global Net Lease (NYSE: GNL) has completed the final phase of its multi-tenant portfolio sale to RCG Ventures, generating $313 million in gross proceeds from 12 properties. The total portfolio sale reached $1.8 billion, transforming GNL into a pure-play single-tenant net lease REIT. The company plans to use the proceeds to reduce leverage by paying down its Revolving Credit Facility. This strategic transition is expected to yield $6.5 million in annual G&A savings and additional capital expenditure reductions. The move simplifies GNL's operations by eliminating multi-tenant property management complexities and positions the company to pursue an investment-grade credit rating to lower its cost of capital.

Global Net Lease (NYSE: GNL) has declared quarterly dividends for its four series of preferred stock, all payable on July 15, 2025, to shareholders of record as of July 3, 2025. The dividend payments include: $0.453125 per share for 7.25% Series A Preferred Stock, $0.4296875 per share for 6.875% Series B Preferred Stock, $0.46875 per share for 7.50% Series D Preferred Stock, and $0.4609375 per share for 7.375% Series E Preferred Stock.

Global Net Lease (NYSE: GNL) has completed the second phase of its multi-tenant portfolio sale to RCG Ventures, LLC, generating $400 million in gross proceeds from 28 encumbered properties. The company remains on track to complete the third and final phase, involving 12 encumbered properties, by Q2 2025 end. The first phase, completed in March 2025, generated $1.1 billion. Net proceeds from the final phases will reduce leverage by paying down GNL's Revolving Credit Facility. CEO Michael Weil emphasized this sale as a crucial step in GNL's transformation toward becoming a dedicated single-tenant portfolio, focusing on strengthening their balance sheet and maintaining strong liquidity.

Global Net Lease (NYSE: GNL) has appointed Robert Kauffman as Non-Executive Chairperson of its Board of Directors, effective immediately. Kauffman, who joined GNL's Board in March 2024, is a Co-Founder and former Board member of Fortress Investment Group, bringing extensive real estate and capital markets experience from roles at Fortress, UBS, and BlackRock. He succeeds Sue Perrotty, who will continue serving as an independent director. The appointment comes as GNL transitions to become a pure-play single-tenant net lease company, following strategic initiatives including a multi-tenant asset sale. The company aims to streamline its portfolio, strengthen its balance sheet, and enhance financial flexibility to deliver additional shareholder value.

Global Net Lease (NYSE: GNL) reported its Q1 2025 financial results, marking significant progress in its portfolio transformation. The company successfully closed the first phase of its multi-tenant portfolio sale, generating $1.1 billion in gross proceeds. GNL reduced net debt by $833 million in Q1, improving Net Debt to Adjusted EBITDA to 6.7x. Revenue was $132.4 million, down from $147.9 million in Q1 2024. The company reported a net loss of $200.3 million, primarily due to the multi-tenant portfolio sale timing. AFFO was $66.2 million ($0.29 per share). GNL has repurchased 7.9 million shares at $7.50 average price totaling $59 million. The company maintains a 95% leased portfolio with 60% of rent from investment-grade tenants. GNL reaffirmed its 2025 AFFO guidance of $0.90-$0.96 per share.

Global Net Lease (NYSE: GNL) has announced it will release its first quarter 2025 financial results on Wednesday, May 7, 2025, after the NYSE trading closes. The company will host a conference call and audio webcast the following day, Thursday, May 8, 2025, at 11:00 a.m. ET.

The management team will conduct the call, which will include a discussion of Q1 results and business performance updates, followed by a Q&A session. The webcast will be accessible through GNL's website in the Investor Relations section.

A replay of the call will be available from 2:00 p.m. ET on May 8 through August 8, 2025.

Global Net Lease (NYSE: GNL) has announced that the Government Services Administration (GSA) has revoked its previous termination notice regarding a lease agreement for GNL's Class A office building in Franklin, Tennessee. The existing lease agreement will remain in full force and effect, maintaining the business relationship between both parties.