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Date | Price Target | Rating | Analyst |
---|---|---|---|
3/28/2024 | $7.00 | Hold | Truist |
3/8/2024 | Buy → Neutral | BTIG Research | |
2/13/2024 | $11.00 | Outperform | BMO Capital Markets |
3/16/2023 | $13.00 | Underperform | Exane BNP Paribas |
5/10/2022 | Mkt Perform | JMP Securities | |
7/20/2021 | Sector Weight | Keybanc |
- Closed Plus Disposition Pipeline Totaled $950 Million at a Cash Cap Rate of 7.1%- Achieved $85 Million in Cost Synergies, Significantly Exceeding Initial Projection of $75 Million- Reduced Net Debt by $445 Million Year-to-Date; Net Debt to Adjusted EBITDA Improves to 8.0x- $371 Million Disposition Pipeline Will Further Reduce Outstanding Debt- Increased Portfolio Occupancy from 94% to 96% Quarter-Over-Quarter- GNL Reaffirms its Full-Year 2024 Guidance NEW YORK, Nov. 06, 2024 (GLOBE NEWSWIRE) -- Global Net Lease, Inc. (NYSE:GNL) ("GNL" or the "Company"), an internally managed real estate investment trust that focuses on acquiring and managing a globally diversified portfolio of str
NEW YORK, Oct. 15, 2024 (GLOBE NEWSWIRE) -- Global Net Lease, Inc. (NYSE:GNL) ("GNL" or the "Company") announced today that it will release its financial results for the third quarter ended September 30, 2024 on Wednesday, November 6, 2024 after the close of trading on the New York Stock Exchange. The Company will host a conference call and audio webcast on Thursday, November 7, 2024, beginning at 11:00 a.m. ET, to discuss the third quarter results and provide commentary on business performance. The results will be released before the call which will be conducted by GNL's management team. A question-and-answer session will follow the prepared remarks. Dial-in instructions for the con
Bellevue Capital Partners, one of the largest shareholders of Global Net Lease, Inc. (NYSE:GNL), is pleased to announce the acquisition of an additional 100,000 shares of GNL. This strategic investment underscores Bellevue Capital Partners' confidence in the company's management and its ongoing commitment to maximizing shareholder value. Bellevue Capital Partners is pleased with GNL's recent communications regarding its strategic disposition plan, which includes the previously announced $854 million in asset sales this year at a cap rate of 7.2%. The sale of assets at such a favorable cap rate demonstrates GNL's ability to navigate market conditions effectively and is a clear testament to
SC 13G/A - Global Net Lease, Inc. (0001526113) (Subject)
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SC 13G/A - Global Net Lease, Inc. (0001526113) (Subject)
- Closed Plus Disposition Pipeline Totaled $950 Million at a Cash Cap Rate of 7.1%- Achieved $85 Million in Cost Synergies, Significantly Exceeding Initial Projection of $75 Million- Reduced Net Debt by $445 Million Year-to-Date; Net Debt to Adjusted EBITDA Improves to 8.0x- $371 Million Disposition Pipeline Will Further Reduce Outstanding Debt- Increased Portfolio Occupancy from 94% to 96% Quarter-Over-Quarter- GNL Reaffirms its Full-Year 2024 Guidance NEW YORK, Nov. 06, 2024 (GLOBE NEWSWIRE) -- Global Net Lease, Inc. (NYSE:GNL) ("GNL" or the "Company"), an internally managed real estate investment trust that focuses on acquiring and managing a globally diversified portfolio of str
NEW YORK, Oct. 15, 2024 (GLOBE NEWSWIRE) -- Global Net Lease, Inc. (NYSE:GNL) ("GNL" or the "Company") announced today that it will release its financial results for the third quarter ended September 30, 2024 on Wednesday, November 6, 2024 after the close of trading on the New York Stock Exchange. The Company will host a conference call and audio webcast on Thursday, November 7, 2024, beginning at 11:00 a.m. ET, to discuss the third quarter results and provide commentary on business performance. The results will be released before the call which will be conducted by GNL's management team. A question-and-answer session will follow the prepared remarks. Dial-in instructions for the con
NEW YORK, Oct. 09, 2024 (GLOBE NEWSWIRE) -- Global Net Lease, Inc. (NYSE:GNL) ("GNL" or the "Company") today announced continued progress on its 2024 strategic disposition plan. Through Q3 2024, GNL has closed nearly $569 million of dispositions, and, including its pipeline, dispositions total $870 million1. "We are pleased with the continued momentum of our 2024 strategic disposition plan, having closed nearly $569 million of dispositions through Q3 2024 at favorable cash cap rates, demonstrating the quality of our investment-grade portfolio," said Michael Weil, CEO of GNL. "The dispositions include approximately $111 million of vacant assets, eliminating their negative impact on our net
4 - Global Net Lease, Inc. (0001526113) (Issuer)
4 - Global Net Lease, Inc. (0001526113) (Issuer)
4 - Global Net Lease, Inc. (0001526113) (Issuer)
Truist initiated coverage of Global Net Lease with a rating of Hold and set a new price target of $7.00
BTIG Research downgraded Global Net Lease from Buy to Neutral
BMO Capital Markets initiated coverage of Global Net Lease with a rating of Outperform and set a new price target of $11.00
4 - Global Net Lease, Inc. (0001526113) (Issuer)
8-K - Global Net Lease, Inc. (0001526113) (Filer)
10-Q - Global Net Lease, Inc. (0001526113) (Filer)
8-K - Global Net Lease, Inc. (0001526113) (Filer)
BMO Capital analyst John Kim maintains Global Net Lease (NYSE:GNL) with a Outperform and maintains $11 price target.
Global Net Lease, Inc. (NYSE:GNL) ("GNL" or the "Company") today announced the successful disposition of a portfolio of nine cold storage properties that are currently leased to subsidiaries of Americold Realty Trust, Inc. (NYSE:COLD) for $170 million, at a 7.88% cash cap rate on 3.3 years of weighted average remaining lease-term. This disposition is a significant achievement in GNL's ongoing strategic disposition initiative and aligns with the Company's 2024 full-year guidance, which projected a disposition cash cap rate range of 7% to 8%. GNL plans to use the net proceeds from this sale to reduce outstanding debt and further lower the Company's leverage. The sale of this portfolio, which
Global Net Lease, Inc. ("GNL" or the "Company") (NYSE:GNL) announced today that it declared quarterly dividends on its outstanding preferred stock. Specifically, GNL declared (i) a dividend of $0.453125 per share on its 7.25% Series A Cumulative Redeemable Preferred Stock ("Series A Preferred Stock"), payable on July 15, 2024, to holders of record of shares of its Series A Preferred Stock at the close of business on July 5, 2024, (ii) a dividend of $0.4296875 per share on its 6.875% Series B Cumulative Redeemable Perpetual Preferred Stock ("Series B Preferred Stock") payable on July 15, 2024 to holders of record of shares of its Series B Preferred Stock at the close of business on July 5, 20
NEW YORK, March 21, 2024 (GLOBE NEWSWIRE) -- Global Net Lease, Inc. (NYSE:GNL) ("GNL" or the "Company") announced the appointment of Robert Kauffman to its Board of Directors, effective immediately. Mr. Kauffman is a co-founder of Fortress Investment Group LLC where he was a principal and member of the Board of Directors from its founding in 1998 until 2012. He is currently a successful private investor and entrepreneur active in the financial, real estate, automotive and technology-oriented sectors. "We are thrilled to welcome Rob to our Board of Directors," stated Sue Perrotty, Non-Executive Chairperson of GNL's Board of Directors. "Rob is highly qualified to join the Board given his e
NEW YORK, Feb. 28, 2024 (GLOBE NEWSWIRE) -- Global Net Lease, Inc. (NYSE:GNL) ("GNL" or the "Company") announced the appointment of Michael J. U. Monahan to GNL's Board of Directors, effective immediately. As a CBRE Vice Chair, Mr. Monahan brings a wealth of sophisticated real estate knowledge and expertise to GNL's Board, making him an ideal addition to our Company. As GNL continues to execute its 2024 business plan, Mr. Monahan's insight and perspective will generate significant value for the Company. This appointment underscores the Board's commitment to elevated corporate governance, complementing the current composition of our Board with Mr. Monahan's proven real estate experience.
NEW YORK, Jan. 1, 2021 /PRNewswire/ -- Global Net Lease, Inc. ("GNL") (NYSE: GNL/ GNL PRA / GNL PRB) announced today that it intends to continue to pay dividends on its shares of common stock at an annualized rate of $1.60 per share or $0.40 per share on a quarterly basis. GNL anticipates paying dividends authorized by its board of directors on its shares of common stock on a quarterly basis in arrears on the 15th day of the first month following the end of each fiscal quarter (unless otherwise specified) to common stock holders of record on the record date for such payment. Accordingly, GNL declared a dividend of $0.40 per share of common stock payable on January 15, 2021 to common stock