Global Net Lease Inc Stock Price, News & Analysis

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.

Global Net Lease (GNL) has declared a quarterly dividend of $0.190 per share for its common stock. The dividend will be paid on April 16, 2025, to stockholders of record as of the close of business on April 11, 2025. The company's board of directors maintains a policy of paying dividends quarterly in arrears during the first month following each fiscal quarter end.

RCG Ventures has announced the first close of a major portfolio acquisition from Global Net Lease (GNL), totaling approximately $1.1 billion and comprising 59 properties. This represents the first phase of a larger $1.8 billion multi-tenant retail portfolio transaction.

The deal is backed by significant institutional investors including Ares Management Alternative Credit funds, Koch Real Estate Investments, and Goldman Sachs Alternatives. The transaction includes a new loan facility with Truist and Key Bank.

The remaining portion of the GNL portfolio, consisting of 41 properties, is expected to close in two stages by the end of Q2 2025, subject to loan assumptions approval and other closing conditions. This transformative acquisition more than doubles RCG's footprint of shopping centers across the U.S., bringing their total deployment to approximately $2.7 billion across over 250 properties in more than 30 states.

Global Net Lease (NYSE: GNL) has successfully completed the first phase of its multi-tenant portfolio sale to RCG Ventures, on March 25, 2025. The initial closing involved 59 unencumbered properties, generating approximately $1.1 billion in gross proceeds.

The company expects to complete the sale of the remaining 41 encumbered properties in two additional phases by the end of Q2 2025. GNL plans to utilize the net proceeds to significantly reduce leverage and pay down its Revolving Credit Facility balance.

Global Net Lease (GNL) has declared quarterly dividends for its four series of preferred stock, all payable on April 15, 2025. The dividend distributions are as follows:

• Series A Preferred Stock: $0.453125 per share (7.25% rate)
• Series B Preferred Stock: $0.4296875 per share (6.875% rate)
• Series D Preferred Stock: $0.46875 per share (7.50% rate)
• Series E Preferred Stock: $0.4609375 per share (7.375% rate)

All dividends will be paid to stockholders of record as of April 4, 2025.