Global Net Lease Inc Stock Price, News & Analysis

Global Net Lease (GNL) announced significant activity for 2022, including three acquisitions totaling $33.3 million with a weighted-average cap rate of 6.8%. The company also reported $56.0 million in property dispositions across the US, UK, and France. Lease renewals and expansions totaled 3.6 million square feet, increasing the average lease term to 9.3 years. Looking ahead, GNL has a robust acquisition pipeline valued at $64.7 million expected to close in Q1 2023, indicating a strong focus on portfolio growth.

Global Net Lease, Inc. (GNL) announced its commitment to pay quarterly dividends on its 7.25% Series A Cumulative Redeemable Preferred Stock, with an annualized rate of $1.8125 per share. The next dividend of $0.453125 is payable on January 17, 2023, to shareholders of record as of January 6, 2023. GNL focuses on acquiring commercial properties, primarily single-tenant net-leased assets across the U.S. and Europe. The company emphasizes its dedication to maintaining shareholder returns through consistent dividend payments.

Global Net Lease (GNL) has declared a quarterly dividend of $0.4296875 per share on its 6.875% Series B Cumulative Redeemable Preferred Stock, amounting to an annualized rate of $1.71875 per share. This dividend is payable on January 17, 2023, to shareholders on record as of January 6, 2023. GNL intends to continue this quarterly dividend practice, enhancing shareholder returns.

Global Net Lease, Inc. (NYSE: GNL) reported its financial results for Q3 2022, highlighting revenues of $92.6 million, a decline from $95.8 million in Q3 2021. However, net income rose to $9.7 million, or $0.09 per share, up from $2.4 million. The company achieved strong leasing activity, with nearly 850,000 square feet leased and a portfolio that is 98.6% leased overall. Core Funds from Operations increased by 9.6% to $48.3 million. Despite a decrease in Adjusted Funds from Operations, GNL maintained a healthy financial position with $128 million in cash and a robust acquisition pipeline.

Global Net Lease (GNL) reported significant leasing progress in Q3 2022, executing one new lease, one expanded lease, and two extensions, totaling nearly 850,000 square feet.

The weighted-average remaining lease term increased to 9.1 years, a nearly four-year boost from previous terms. Year-to-date, GNL has signed leases totaling 3.6 million square feet, contributing an additional $1 million in annualized straight-line rent, primarily influenced by exchange rates for UK tenants.

Global Net Lease (NYSE: GNL) announced its third quarter financial results will be released on November 3, 2022, prior to market opening. The company will also host a conference call at 1:00 p.m. ET on the same day to discuss these results and business performance. Interested parties can access the call through the GNL website. The call will include a Q&A session for analysts and investors. This announcement follows ongoing global challenges, including the COVID-19 pandemic and geopolitical instability related to Russia and Ukraine.

Global Net Lease (GNL) has announced its intention to maintain a quarterly dividend of $0.40 per share, amounting to an annualized rate of $1.60. The dividend will be paid on October 17, 2022, to shareholders on record as of October 13, 2022. This decision aligns with GNL's strategy to provide consistent returns to its investors and reflects confidence in its operational performance.

Global Net Lease (GNL) announced its intention to maintain quarterly dividends for its preferred stocks. The 7.25% Series A Preferred Stock will pay an annualized dividend of $1.8125 per share, translating to $0.453125 quarterly, payable on October 17, 2022. The 6.875% Series B Preferred Stock will see a quarterly dividend of $0.4296875 from an annualized rate of $1.71875, also payable on October 17, 2022. Shareholders of record must be on the list by October 7, 2022.

Global Net Lease (GNL) reported second-quarter 2022 results, revealing a revenue decrease to $95.2 million from $99.6 million year-over-year. The net loss attributable to shareholders rose to $5.8 million, or $(0.06) per share, compared to a loss of $2.4 million, or $(0.14) per share, in Q2 2021. However, Core Funds from Operations (Core FFO) increased 13.5% to $50.0 million. The company's portfolio remains robust at 98.9% leased with an average lease term of 8.3 years. GNL announced a successful credit facility recast, enhancing its financial flexibility.