JMP Securities initiated coverage on Necessity Retail REIT
$RTL
Real Estate Investment Trusts
Real Estate
JMP Securities initiated coverage of Necessity Retail REIT with a rating of Mkt Perform
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 5/10/2022 | Mkt Perform | JMP Securities |
Establishes Third-Largest Net Lease REIT With Global Presence NEW YORK, Sept. 12, 2023 /PRNewswire/ -- Global Net Lease Inc. (NYSE:GNL) ("Global Net Lease" or "GNL") and The Necessity Retail REIT Inc. (NASDAQ:RTL) ("Necessity Retail REIT" or "RTL") announced today that they have completed the previously announced merger between GNL and RTL, including the internalization of both GNL's and RTL's advisory and property management functions. Completion of the merger follows approval by the shareholders of both companies. Under the terms of the merger agreement, RTL stockholders rec
Preliminary Results Indicate Stockholders Approved Proposals Involving Merger and Internalization Transaction Transaction Expected to Close on September 12, 2023 NEW YORK, Sept. 8, 2023 /PRNewswire/ -- Global Net Lease, Inc. ("GNL" or "the Company") (NYSE:GNL) announced today that it held a previously announced Special Meeting of Stockholders. Preliminary results indicate that stockholders approved both proposals, including the issuance of GNL shares of common stock pursuant to the Agreement and Plan of Merger with the Necessity Retail REIT, Inc. (NASDAQ:RTL) and the other parties thereto and the previously announced Internalization Agreement. As a result, depending on the results of special
Both ISS and Glass Lewis recommend GNL shareholders vote AGAINST the proposed value-destructive merger of GNL and RTL NEW YORK, Sept. 5, 2023 /PRNewswire/ -- Orange Capital Ventures, LP ("Orange Capital"), a New York-based investment firm, today announced its continued opposition to the proposed merger of Global Net Lease, Inc. (NYSE:GNL) ("GNL" or the "Company") and the Necessity Retail REIT, Inc. (Nasdaq: RTL) ("RTL") (the "Merger"). We believe the merger not only lacks substantial financial or strategic value but also erodes shareholder value in both the near and long term. Today's statement by GNL, asserting that the internalization consideration falls within the range of values observed
4 - Necessity Retail REIT, Inc. (0001568162) (Issuer)
4 - Necessity Retail REIT, Inc. (0001568162) (Issuer)
4 - Necessity Retail REIT, Inc. (0001568162) (Issuer)
SC 13G - Necessity Retail REIT, Inc. (0001568162) (Subject)
SC 13G/A - Necessity Retail REIT, Inc. (0001568162) (Subject)
JMP Securities initiated coverage of Necessity Retail REIT with a rating of Mkt Perform
15-12G - Necessity Retail REIT, Inc. (0001568162) (Filer)
S-3DPOS - Necessity Retail REIT, Inc. (0001568162) (Filer)
S-8 POS - Necessity Retail REIT, Inc. (0001568162) (Filer)
ISS Acknowledges Error in Their Original Analysis; Issues Corrected Report on the GNL Merger and Internalization NEW YORK, Sept. 5, 2023 /PRNewswire/ -- Global Net Lease, Inc. (NYSE:GNL) ("Global Net Lease", "GNL" or the "Company") announced today that it will host a conference call and webcast on Tuesday, September 5, 2023, at 2:30pm ET to discuss the benefits and industrial logic of the proposed merger between GNL and The Necessity Retail REIT, Inc. (NASDAQ:RTL) ("Necessity Retail REIT" or "RTL") and the immediate internalization of both GNL's and RTL's current advisory and property management functions as a part of the proposed transaction. The Company will also address ISS's recent GNL
NEW YORK, Aug. 31, 2023 /PRNewswire/ -- The Necessity Retail REIT, Inc. (NASDAQ:RTL) ("RTL" or the "Company") announced today that, through its subsidiaries, the Company completed a $260 million commercial mortgage-backed security loan (the "Loan") encumbered by 29 multi-tenant properties the Company owns across the United States. The Loan has a 10-year term and is interest-only at 6.45%. We were able to achieve this rate even though today's rates are higher, by using a SOFR swap lock of 3.54% which we proactively put in place approximately one month before completing this loa
Highlights Efficiencies, Scale and Significant Governance Overhauls Nominated Directors of GNL and RTL Were Re-Elected by Shareholders Following the Merger Announcement with 85% GNL Shareholder Participation and 75% RTL Shareholder Participation in 2023 Annual Meeting Boards Recommend Stockholders to Vote "FOR" proposals at Special Meetings on September 8, 2023 NEW YORK, Aug. 28, 2023 /PRNewswire/ -- Global Net Lease Inc. (NYSE:GNL) ("Global Net Lease" or "GNL") and The Necessity Retail REIT Inc. (NASDAQ:RTL) ("Necessity Retail REIT" or "RTL") today released an investor presentation highlighting the significant benefits of the proposed merger between GNL and RTL, and the ensuing eliminatio