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Global Net Lease, Inc. - GNL STOCK NEWS

Welcome to our dedicated page for Global Net Lease news (Ticker: GNL), a resource for investors and traders seeking the latest updates and insights on Global Net Lease stock.

Global Net Lease, Inc. (NYSE: GNL) is a prominent real estate investment trust (REIT) with a focus on the acquisition and management of a globally diversified portfolio of strategically located commercial real estate properties. GNL's core business revolves around owning, operating, leasing, acquiring, investing in, and selling these assets. The company is committed to maintaining a premium portfolio occupied by high-quality, primarily investment-grade corporate tenants. This approach helps GNL provide valuable benefits to its investors, such as inflation protection, stable monthly dividends, volatility protection, and strong growth potential.

GNL's portfolio includes properties from various sectors, including Industrial & Distribution, Multi-Tenant Retail, Single-Tenant Retail, and Office. The largest revenue contributor is the Industrial & Distribution segment. Geographically, GNL operates in the United States, the United Kingdom, Germany, the Netherlands, and Finland.

With a management team focused on building a best-in-class portfolio, GNL has achieved significant milestones and continues to expand its reach. Recent achievements include securing long-term leases with reputable tenants and managing properties that support a wide range of corporate and consumer needs. Additionally, GNL's dedicated investment strategy ensures responsible capital protection, regular cash flow, and long-term capital appreciation potential.

For the latest updates and news, investors can rely on GNL's robust communication channels, including regular financial reports and investor relations contacts. By staying informed, stakeholders can make well-informed decisions based on GNL's performance and ongoing developments.

For inquiries, please contact:
Email: investorrelations@globalnetlease.com
Phone: (332) 265-2020

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Global Net Lease (NYSE: GNL) has announced the release date for its second quarter 2024 financial results. The company will disclose its Q2 2024 results on Tuesday, August 6, 2024, after the New York Stock Exchange closes. A conference call and audio webcast are scheduled for Wednesday, August 7, 2024, at 11:00 a.m. ET, where GNL's management team will discuss the results and provide business performance commentary.

Interested parties can access the live call through GNL's website or by dialing in. A question-and-answer session will follow the prepared remarks. For those unable to attend the live broadcast, a replay will be available on the company's website shortly after the call.

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Global Net Lease (GNL) announced the completion of $321 million in asset dispositions by the second quarter of 2024 as part of its strategic plan. This includes $62 million from vacant assets, positively impacting net operating income. The total disposition pipeline amounts to $695 million at a 7.2% cash cap rate over a 4.4-year weighted average lease term. CEO Michael Weil emphasized that the strategy exceeds 2024 guidance, aiming to reduce leverage and support long-term growth. Proceeds from these sales will focus on debt reduction, clearing $155 million of outstanding debt and resulting in no debt maturities through July 2025. GNL has provided a detailed slide on these developments in a Current Report on Form 8-K filed with the SEC.

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Global Net Lease (NYSE: GNL) announced a third-quarter 2024 common stock dividend of $0.275 per share.

The dividend is payable on July 16, 2024, to shareholders on record as of July 11, 2024. Dividends are typically paid quarterly in arrears following the end of each fiscal quarter.

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Global Net Lease (NYSE: GNL) has sold a portfolio of nine cold storage properties leased to Americold Realty Trust (NYSE: COLD) for $170 million, achieving a 7.88% cash cap rate on a 3.3-year weighted average remaining lease term. This sale is part of GNL's broader $567 million disposition initiative, targeting a 7-8% cash cap rate. The company plans to use the proceeds to reduce debt and leverage, aligning with its strategic goals and 2024 full-year guidance. GNL originally acquired these properties for $153.4 million.

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Global Net Lease (GNL) announced quarterly dividends for its preferred stockholders. Shareholders of Series A, B, D, and E Preferred Stocks will receive dividends of $0.453125, $0.4296875, $0.46875, and $0.4609375 per share, respectively. These dividends will be payable on July 15, 2024, to shareholders on record as of July 5, 2024. The dividends reflect the yields of 7.25%, 6.875%, 7.50%, and 7.375% for Series A, B, D, and E Preferred Stocks.

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Global Net Lease, Inc. (NYSE: GNL) reported its first quarter 2024 financial results, with revenue at $206.0 million, net loss at $34.7 million, and AFFO per diluted share increasing by 6% to $0.33. The company reaffirmed its 2024 guidance, focusing on enhancing shareholder value through efficient balance sheet execution and continued progress on disposition initiatives.

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Global Net Lease, Inc. (GNL) has announced the release date for its first-quarter 2024 financial results. The results will be disclosed on May 7, 2024, with a conference call scheduled for May 8, 2024, to discuss business performance.
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Global Net Lease (GNL) announced $462 million of dispositions closed or under agreement as part of its strategic disposition plan. The company achieved a 7.2% cash cap rate on occupied dispositions with a weighted average remaining lease term of 3.8 years. CEO Michael Weil highlighted the value of the investment-grade portfolio and the plan to use proceeds to pay down debt and reduce Net Debt to Adjusted EBITDA.
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Global Net Lease, Inc. (GNL) announced a $237 million commercial mortgage-backed security loan secured by 20 U.S. industrial properties, reducing interest expenses by over $3.5 million annually with a fixed rate of 5.74%. The loan term is 5 years, maturing in April 2029, with lead lender Bank of Montreal and co-lenders Barclays, KeyBank, and Société Générale.
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Global Net Lease, Inc. (GNL) declares a dividend of $0.275 per share for the quarter ended June 30, 2024. The dividend will be paid on April 16, 2024, to common stockholders of record as of April 11, 2024.
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FAQ

What is Global Net Lease, Inc. (GNL)?

Global Net Lease, Inc. (GNL) is a real estate investment trust (REIT) focused on acquiring and managing a globally diversified portfolio of commercial real estate properties.

In which sectors does GNL operate?

GNL operates in the Industrial & Distribution, Multi-Tenant Retail, Single-Tenant Retail, and Office sectors.

Where does GNL have its properties?

GNL's properties are located in the United States, the United Kingdom, Germany, the Netherlands, and Finland.

Who are GNL's tenants?

GNL's tenants are primarily investment-grade corporate entities occupying strategically located commercial real estate properties.

What benefits does GNL provide to its investors?

GNL provides investors with inflation protection, stable monthly dividends, volatility protection, and strong growth potential.

How does GNL ensure capital protection?

GNL ensures capital protection through responsible investment strategies, managing high-quality properties, and securing long-term leases with reputable tenants.

How can investors stay updated with GNL's performance?

Investors can stay updated through GNL's regular financial reports and contact the investor relations team via email or phone.

What recent achievements has GNL accomplished?

GNL has secured long-term leases with high-quality tenants and expanded its portfolio across key international markets.

What is the largest revenue segment for GNL?

The largest revenue segment for GNL is the Industrial & Distribution sector.

Who can I contact for more information about GNL?

For more information, you can contact GNL's Investor Relations at investorrelations@globalnetlease.com or call (332) 265-2020.

Global Net Lease, Inc.

NYSE:GNL

GNL Rankings

GNL Stock Data

1.99B
230.38M
13.3%
62.86%
3.9%
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