Global Net Lease, Inc. (NYSE: GNL) is a publicly traded real estate investment trust listed on the NYSE focused on acquiring a diversified global portfolio of commercial properties, with an emphasis on sale-leaseback transactions involving single tenant, mission critical income producing net-leased assets across the United States, Western and Northern Europe.
IPO Year: 2015
Exchange: NYSE
Website: globalnetlease.com
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 |
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— Increased AFFO Per Share by 2% While Reducing Outstanding Debt By $251 Million, Improving Net Debt to Adjusted EBITDA from 8.4x to 8.1x — Closed Plus Disposition Pipeline of $728 Million at a Cash Cap Rate of 7.3% — $356 Million Disposition Pipeline Will Further Reduce Outstanding Debt — Addressed All 2024 Debt Maturities, No Debt Maturities Through July 2025 — Raised 2024 Closed Disposition Guidance to $650 Million to $800 Million From $400 Million to $600 Million NEW YORK, Aug. 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
NEW YORK, July 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 second quarter ended June 30, 2024 on Tuesday, August 6, 2024 after the close of trading on the New York Stock Exchange. The Company will host a conference call and audio webcast on Wednesday, August 7, 2024, beginning at 11:00 a.m. ET, to discuss the second 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 conference call
NEW YORK, July 01, 2024 (GLOBE NEWSWIRE) -- Global Net Lease, Inc. ("GNL" or the "Company") (NYSE:GNL) announced today that it declared a dividend of $0.275 per share of common stock payable on July 16, 2024, to common stockholders of record at the close of business on July 11, 2024. Dividends authorized by the Company's board of directors and declared by the Company are paid on a quarterly basis in arrears during the first month following the end of each fiscal quarter (unless otherwise specified) to common stockholders of record on the record date for such payment. About Global Net Lease, Inc. Global Net Lease, Inc. is a publicly traded real estate investment trust listed on the NYSE,
NEW YORK, June 20, 2024 (GLOBE NEWSWIRE) -- 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 Preferre
AFFO Per Share Increased 6% Compared to Fourth Quarter 2023On Target to Reach High End of Disposition Guidance of $600 Million; Currently 7.2% Cash Cap Rate on Occupied DispositionsCompany Reaffirms 2024 Guidance NEW YORK, May 07, 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 strategically located commercial real estate properties, announced today its financial and operating results for the quarter ended March 31, 2024. First Quarter 2024 Highlights Revenue was $206.0 million compared to $206.7 million in fourth quarte
NEW YORK, April 23, 2024 (GLOBE NEWSWIRE) -- Global Net Lease, Inc. (NYSE:GNL) ("GNL" or the "Company") announced today that it will release its financial results for the first quarter ended March 31, 2024 on Tuesday, May 7, 2024 after the close of trading on the New York Stock Exchange. The Company will host a conference call and audio webcast on Wednesday, May 8, 2024, beginning at 11:00 a.m. ET, to discuss the first 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 conference call and t
NEW YORK, April 01, 2024 (GLOBE NEWSWIRE) -- Global Net Lease, Inc. ("GNL" or the "Company") (NYSE:GNL) announced today that it declared a dividend on its outstanding common stock for the quarter ended June 30, 2024. The dividend is equal to $0.275 per share of common stock payable on April 16, 2024, to common stockholders of record at the close of business on April 11, 2024. About Global Net Lease, Inc. Global Net Lease, Inc. is a publicly traded real estate investment trust listed on the NYSE, which focuses on acquiring and managing a global portfolio of income producing net lease assets across the United States, and Western and Northern Europe. Additional information about GNL can be
NEW YORK, March 21, 2024 (GLOBE NEWSWIRE) -- 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 April 15, 2024, to holders of record of shares of its Series A Preferred Stock at the close of business on April 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 April 15, 2024 to holders of record of shares of its Series B Pref
— Implemented 2024 Business Plan Focused on Deleveraging the Company's Balance Sheet Through $400 to $600 million of Strategic Dispositions; Released Full Year 2024 Guidance— Recognized $68 Million in Annualized Synergies Through Year End and On Track to Recognize the Full $75 Million Balance by Third Quarter 20241— Continued Leasing Momentum Into 2024 With 70 New Leases and Renewals Completed for Over 2.1 Million Square Feet, Resulting In Over $19 Million of Net New Straight-Line Rent and a Renewal Spread of 6% Across the Portfolio in the Fourth Quarter— In Fourth Quarter 2023, New Leases That Were Completed Have a Weighted Average Lease Term of 9.2 Years, Renewals That Were Completed Have
NEW YORK, Feb. 08, 2024 (GLOBE NEWSWIRE) -- Global Net Lease, Inc. (NYSE:GNL) ("GNL" or the "Company") announced today that it will release its financial results for the fourth quarter and year ended December 31, 2023 on Tuesday, February 27, 2024 after the close of trading on the New York Stock Exchange. The Company will host a conference call and audio webcast on Wednesday, February 28, 2024, beginning at 11:00 a.m. ET, to discuss the fourth quarter and full year 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 ins
4 - Global Net Lease, Inc. (0001526113) (Issuer)
4 - Global Net Lease, Inc. (0001526113) (Issuer)
4 - Global Net Lease, Inc. (0001526113) (Issuer)
4 - Global Net Lease, Inc. (0001526113) (Issuer)
4 - Global Net Lease, Inc. (0001526113) (Issuer)
4 - Global Net Lease, Inc. (0001526113) (Issuer)
4 - Global Net Lease, Inc. (0001526113) (Issuer)
4 - Global Net Lease, Inc. (0001526113) (Issuer)
4 - Global Net Lease, Inc. (0001526113) (Issuer)
4 - Global Net Lease, Inc. (0001526113) (Issuer)
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
JMP Securities analyst Mitch Germain reiterates Global Net Lease (NYSE:GNL) with a Market Perform.
Global Net Lease (NYSE:GNL) reported quarterly earnings of $0.25 per share which missed the analyst consensus estimate of $0.31 by 19.35 percent. This is a 16.67 percent decrease over earnings of $0.30 per share from the same period last year. The company reported quarterly sales of $206.045 million which missed the analyst consensus estimate of $206.982 million by 0.45 percent. This is a 118.43 percent increase over sales of $94.332 million the same period last year.
JMP Securities analyst Mitch Germain reiterates Global Net Lease (NYSE:GNL) with a Market Perform.
JMP Securities analyst Mitch Germain reiterates Global Net Lease (NYSE:GNL) with a Market Perform.
-SEC Filing
8-K - Global Net Lease, Inc. (0001526113) (Filer)
10-Q - Global Net Lease, Inc. (0001526113) (Filer)
8-K - Global Net Lease, Inc. (0001526113) (Filer)
8-K - Global Net Lease, Inc. (0001526113) (Filer)
8-K - Global Net Lease, Inc. (0001526113) (Filer)
8-K - Global Net Lease, Inc. (0001526113) (Filer)
8-K - Global Net Lease, Inc. (0001526113) (Filer)
8-K - Global Net Lease, Inc. (0001526113) (Filer)
8-K - Global Net Lease, Inc. (0001526113) (Filer)
8-K - Global Net Lease, Inc. (0001526113) (Filer)
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
Exane BNP Paribas initiated coverage of Global Net Lease with a rating of Underperform and set a new price target of $13.00
JMP Securities initiated coverage of Global Net Lease with a rating of Mkt Perform
Keybanc initiated coverage of Global Net Lease with a rating of Sector Weight
Colliers Securities initiated coverage of Global Net Lease with a rating of Neutral and set a new price target of $21.00
B. Riley resumed coverage of Global Net Lease with a rating of Buy and set a new price target of $23.00 from $21.00 previously
NEW YORK, Sept. 04, 2024 (GLOBE NEWSWIRE) -- Global Net Lease, Inc. (NYSE:GNL) ("GNL" or the "Company") today announced continued progress in its 2024 strategic disposition plan with the sales of The Plant Shopping Center in San Jose, California for $95 million and the Foster Wheeler office property in Shinfield Park, Reading, United Kingdom for over $27 million. As of August 31, 2024, GNL has closed or secured agreements for dispositions totaling $854 million at a cash cap rate of 7.2%1. GNL used the net proceeds from The Plant Shopping Center sale to pay down its Revolving Credit Facility. To maximize the property's value for a sale, GNL strategically subdivided the asset into two separ
— Increased AFFO Per Share by 2% While Reducing Outstanding Debt By $251 Million, Improving Net Debt to Adjusted EBITDA from 8.4x to 8.1x — Closed Plus Disposition Pipeline of $728 Million at a Cash Cap Rate of 7.3% — $356 Million Disposition Pipeline Will Further Reduce Outstanding Debt — Addressed All 2024 Debt Maturities, No Debt Maturities Through July 2025 — Raised 2024 Closed Disposition Guidance to $650 Million to $800 Million From $400 Million to $600 Million NEW YORK, Aug. 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
NEW YORK, July 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 second quarter ended June 30, 2024 on Tuesday, August 6, 2024 after the close of trading on the New York Stock Exchange. The Company will host a conference call and audio webcast on Wednesday, August 7, 2024, beginning at 11:00 a.m. ET, to discuss the second 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 conference call
Including Pipeline, Dispositions Total $695 Million at a 7.2% Cash Cap Rate on 4.4 Years of Weighted Average Lease Term1 NEW YORK, July 09, 2024 (GLOBE NEWSWIRE) -- Global Net Lease, Inc. (NYSE:GNL) ("GNL" or the "Company") today announced continued progress on its 2024 strategic disposition plan. "We are efficiently executing our strategic disposition plan, resulting in over $321 million of completed dispositions through Q2 2024, including $62 million of vacant assets that will eliminate negative impact on our net operating income," said Michael Weil, CEO of GNL. "The progress on GNL's disposition strategy has exceeded our 2024 guidance, reflecting our ongoing commitment to provide valu
NEW YORK, July 01, 2024 (GLOBE NEWSWIRE) -- Global Net Lease, Inc. ("GNL" or the "Company") (NYSE:GNL) announced today that it declared a dividend of $0.275 per share of common stock payable on July 16, 2024, to common stockholders of record at the close of business on July 11, 2024. Dividends authorized by the Company's board of directors and declared by the Company are paid on a quarterly basis in arrears during the first month following the end of each fiscal quarter (unless otherwise specified) to common stockholders of record on the record date for such payment. About Global Net Lease, Inc. Global Net Lease, Inc. is a publicly traded real estate investment trust listed on the NYSE,
- 7.88% Cash Cap Rate on 3.3 Years of Weighted Average Remaining Lease Term- Part of the Previously Announced $567 Million of Closed and Disposition Pipeline at a Cash Cap Rate of 7.2% NEW YORK, June 27, 2024 (GLOBE NEWSWIRE) -- 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 ful
NEW YORK, June 20, 2024 (GLOBE NEWSWIRE) -- 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 Preferre
AFFO Per Share Increased 6% Compared to Fourth Quarter 2023On Target to Reach High End of Disposition Guidance of $600 Million; Currently 7.2% Cash Cap Rate on Occupied DispositionsCompany Reaffirms 2024 Guidance NEW YORK, May 07, 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 strategically located commercial real estate properties, announced today its financial and operating results for the quarter ended March 31, 2024. First Quarter 2024 Highlights Revenue was $206.0 million compared to $206.7 million in fourth quarte
NEW YORK, April 23, 2024 (GLOBE NEWSWIRE) -- Global Net Lease, Inc. (NYSE:GNL) ("GNL" or the "Company") announced today that it will release its financial results for the first quarter ended March 31, 2024 on Tuesday, May 7, 2024 after the close of trading on the New York Stock Exchange. The Company will host a conference call and audio webcast on Wednesday, May 8, 2024, beginning at 11:00 a.m. ET, to discuss the first 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 conference call and t
Expect to achieve a 7.2% cash cap rate on occupied dispositions with a weighted average remaining lease term of 3.8 years NEW YORK, April 17, 2024 (GLOBE NEWSWIRE) -- Global Net Lease, Inc. (NYSE:GNL) ("GNL" or the "Company") today announced continued progress on its 2024 strategic disposition plan, which it first detailed in its fourth-quarter and full year earnings report in February 2024. As of April 15, 2024, GNL's strategic disposition efforts have resulted in over $462 million of transactions that are either closed or under agreement and expected to close by the end of the third quarter of 2024. "We are very pleased to have built a robust disposition pipeline in the early stages of
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