Global Net Lease Inc Stock Price, News & Analysis

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.

Global Net Lease (NYSE: GNL) has appointed Leon C. Richardson to its Board of Directors, effective March 7, 2025. Richardson, the founder, President and CEO of The Chemico Group, brings over 35 years of entrepreneurial experience in chemical management and distribution. His company is one of the largest minority-owned businesses in its sector in the United States.

Richardson has accumulated more than 15 years of governance experience through various industry board positions. Sue Perrotty, Non-Executive Chairperson of GNL's Board, highlighted Richardson's strategic decision-making capabilities and business leadership as key assets for the company.

Global Net Lease (NYSE: GNL) reported its Q4 and full-year 2024 results, highlighting significant achievements in portfolio optimization and debt reduction. The company completed $835 million in dispositions during 2024 and reduced net debt by $734 million, improving Net Debt to Adjusted EBITDA to 7.6x.

Key Q4 2024 metrics include revenue of $199.1 million, Core FFO of $68.5 million ($0.30 per share), and AFFO of $78.3 million ($0.34 per share). The company's portfolio maintained a strong 97% occupancy rate with 61% of rent derived from investment-grade tenants.

GNL announced a transformative $1.8 billion multi-tenant portfolio sale agreement, which would position it as a pure-play, single-tenant net lease company. Additionally, the company initiated a $300 million share repurchase program and updated its dividend policy, reducing the quarterly dividend to $0.190 per share starting April 2025.

For 2025 guidance, GNL projects AFFO per share of $0.90-$0.96 and Net Debt to Adjusted EBITDA of 6.5x-7.1x, contingent on the multi-tenant portfolio sale completion.

Global Net Lease (GNL) reported its Q4 and full-year 2024 results, highlighting significant achievements in portfolio optimization and debt reduction. The company completed $835 million in dispositions during 2024 and reduced net debt by $734 million, improving Net Debt to Adjusted EBITDA to 7.6x.

Q4 2024 revenue was $199.1 million, down from $206.7 million in Q4 2023. The company reported AFFO of $78.3 million ($0.34 per share) in Q4 2024 and $303.8 million ($1.32 per share) for full-year 2024.

GNL announced a binding agreement to sell its multi-tenant portfolio of 100 properties for $1.8 billion, transforming into a pure-play, single-tenant net lease company. The company also initiated a $300 million share repurchase program and updated its 2025 guidance with AFFO per share range of $0.90-$0.96.

Portfolio metrics show 97% occupancy with 61% of rent from investment-grade tenants. The company reduced its annual dividend to $0.190 per share starting April 2025.

Global Net Lease (GNL) has entered into a binding agreement to sell its multi-tenant portfolio of 100 non-core properties to RCG Ventures Holdings for $1.8 billion at an 8.4% cash cap rate. The transaction will transform GNL into a pure-play, single-tenant net lease company.

The sale, expected to close in three phases by Q2 2025, will significantly reduce GNL's leverage, with Net Debt to Adjusted EBITDA decreasing to 6.5x-7.1x. The company plans to use proceeds to reduce its Revolving Credit Facility balance. RCG provided a $25 million non-refundable deposit.

Key benefits include:

• $6.5 million in annual G&A savings
• Increased portfolio occupancy to 98%
• Extended lease term to 6.4 years
• Investment-grade tenants increasing to 66%

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.