Global Net Lease Inc Stock Price, News & Analysis

Global Net Lease (NYSE: GNL) has scheduled the release of its fourth quarter and full year 2024 financial results for Thursday, February 27, 2025, after the NYSE trading closes. The company will host a conference call and audio webcast on Friday, February 28, 2025, at 11:00 a.m. ET to discuss the results and provide business performance commentary.

The conference call will include a management presentation followed by a Q&A session. Interested parties can access the live broadcast through GNL's website in the Investor Relations section. A replay will be available after the call until May 28, 2025.

Global Net Lease (GNL) has successfully completed its 2024 strategic disposition initiative, closing transactions totaling $835 million through December 31, 2024. The dispositions were executed at a 7.1% cash cap rate, exceeding the company's previously announced guidance range of $650 million to $800 million.

According to CEO Michael Weil, the strategic sales focused on non-core assets with near-term debt or lease maturities, helping reduce outstanding debt and lower Net Debt to Adjusted EBITDA. The initiative aimed to strengthen GNL's financial position and enhance its balance sheet while demonstrating commitment to shareholder value. The company has provided detailed progress slides in a Form 8-K filing with the SEC.

Global Net Lease (GNL) has announced its quarterly dividend for the first quarter of 2025. The company will pay a dividend of $0.275 per share of common stock on January 16, 2025, to stockholders of record as of January 13, 2025.

The dividend payment follows the company's standard practice of paying quarterly dividends in arrears during the first month following each fiscal quarter end, as authorized by GNL's board of directors.

Global Net Lease (GNL) has announced quarterly dividend payments for its four series of preferred stock. Series A Preferred Stock holders will receive $0.453125 per share (7.25%), Series B Preferred Stock holders will receive $0.4296875 per share (6.875%), Series D Preferred Stock holders will receive $0.46875 per share (7.50%), and Series E Preferred Stock holders will receive $0.4609375 per share (7.375%). All dividends will be paid on January 15, 2025, to shareholders of record as of January 3, 2025.

Global Net Lease (GNL) has announced significant progress in its strategic disposition plan, with $620 million in closed dispositions through December 9, 2024. Combined with its pipeline of potential asset sales, total dispositions amount to $1.1 billion at a 7.1% cash cap rate with 5.4 years of weighted average lease term.

The company is exceeding its disposition guidance while approaching its most favorable cash cap rate target of 7.0%. Non-core office assets achieved a 7.8% cash cap rate. GNL has over $200 million in asset sales planned for closure during the first half of 2025. The company is using these dispositions to reduce its outstanding debt balance.

Bellevue Capital Partners, a major shareholder of Global Net Lease (NYSE: GNL), has purchased an additional 100,000 shares of the company. The investment firm expressed confidence in GNL's management and strategic plan execution, particularly highlighting the company's $950 million in asset sales this year at a 7.1% cap rate. Bellevue Capital Partners emphasized their support for GNL's management team and their commitment to value creation through the successful execution of the disposition strategy.

Global Net Lease (GNL) reported Q3 2024 financial results with revenue of $196.6 million, down from $203.3 million in Q2 2024. The company posted a net loss of $76.6 million, while achieving $85 million in cost synergies, exceeding initial projections. GNL reduced net debt by $445 million year-to-date, improving Net Debt to Adjusted EBITDA to 8.0x. The company's portfolio occupancy increased from 94% to 96% quarter-over-quarter, with closed plus disposition pipeline totaling $950 million at a 7.1% cash cap rate. GNL reaffirmed its full-year 2024 AFFO guidance of $1.30-$1.40 per share.

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

The call will be conducted by GNL's management team and will include a question-and-answer session. Interested parties can access the live broadcast through the company's website at www.globalnetlease.com in the 'Investor Relations' section. A replay of the call will be available shortly after on the GNL website and accessible until February 7, 2025.

Global Net Lease (NYSE: GNL) has made significant progress on its 2024 strategic disposition plan, closing $569 million of dispositions through Q3 2024. Including the pipeline, total dispositions reach $870 million at a 7.2% cash cap rate on 5.3 years of weighted average lease term. The dispositions include $111 million of vacant assets, eliminating their negative impact on net operating income.

CEO Michael Weil emphasized that this initiative is important for reducing Net Debt to Adjusted EBITDA and lowering the cost of capital. By using net sale proceeds to reduce outstanding debt, GNL aims to enhance its financial flexibility and position itself for long-term growth. The company has furnished a slide detailing the progress of its 2024 strategic disposition plan in a Current Report on Form 8-K filed with the SEC.