Global Net Lease, Inc. (NYSE: GNL) is a real estate investment trust that focuses on acquiring and managing a globally-diversified portfolio of strategically-located commercial real estate properties which are crucial to the success of GNL’s roster of primarily investment grade corporate tenants. Through the execution of this investment strategy, management has built a best-in-class portfolio of premium commercial real estate assets occupied by high-quality tenants and spanning countries including the U.S., the U.K., Germany, the Netherlands and Finland
Global Net Lease, Inc.("GNL") (NYSE: GNL) announced today that it intends to continue paying dividends on its shares of common stock at an annualized rate of $2.13 per share. Accordingly, with respect to the month of March 2019, GNL declared a dividend of $0.1775 per share payable on April 15, 2019 to common stock holders of record at the close of business on April 12, 2019. http://investors.globalnetlease.com/file/Index?KeyFile=397345617
NEW YORK (AP) _ Global Net Lease Inc. (GNL) on Thursday reported a key measure of profitability in its first quarter. The real estate investment trust, based in New York, said it had funds from operations of $36.5 million, or 44 cents per share, in the period. Funds from operations is a closely watched measure in the REIT industry. It takes net income and adds back items such as depreciation and amortization. The company said it had net income of $5.8 million, or 7 cents per share. The real estate investment trust posted revenue of $75.5 million in the period. The company's shares have climbed slightly more than 7% since the beginning of the year. The stock has decreased almost 6% in the last 12 months. https://uk.finance.yahoo.com/news/global-net-lease-1q-earnings-103128382.html
Global Net Lease First Quarter 2019 Earnings Conference Call and Webcast https://uk.finance.yahoo.com/news/global-net-lease-inc-gnl-222347376.html
Global Net Lease, Inc. (NYSE: GNL) (the "Company"), a real estate investment trust focused on the acquisition of net lease properties, has closed three multi-property financings during the current year for a total of €245.5 million ($279.2 million based on the prevailing exchange rate on June 30, 2019). The refinancings encumber 13 of GNL's assets located in Finland ("Finnish Multi-Property Financing"), Germany ("German Multi-Property Financing"), the Netherlands and Luxembourg ("Benelux Multi-Property Financing"). http://investors.globalnetlease.com/file/Index?KeyFile=398735289
Second Quarter 2019 Highlights Revenue increased 7.3% to $76.1 million from $71.0 million in second quarter 2018 Net income attributable to common stockholders was $12.6 million or $0.15 per share as compared to $5.3 million or $0.08 per share in second quarter 2018 Core Funds from Operations ("Core FFO") was $38.4 million or $0.45 per share as compared to $41.3 million or $0.61 per share in second quarter 2018 Adjusted Funds from Operations ("AFFO") improved to $40.1 million as compared to $35.5 million in the prior year second quarter AFFO per share was $0.47 as compared to $0.53 in second quarter 2018 Acquired nine industrial, distribution and office properties for $187.3 million at a 7.67% weighted average capitalization rate3 Sold 64 properties including 62 Family Dollar stores for a total of $83.3 million, resulting in a gain of $6.9 million and reducing retail exposure to only 6% of portfolio based on annualized straight-line rent $371.2 million of closed and pipeline acquisitions in 20196 at a weighted average capitalization rate of 7.91%3 with 13.2 years of remaining lease term4 Portfolio 99.6% leased with an 8.0 year weighted average remaining lease term10 Net debt to annualized adjusted EBITDA improved to 7.1x from 7.4x in second quarter 20188 Weighted-average debt maturity lengthened to 4.6 years from 3.3 years at the close of the 2018 second quarter http://investors.globalnetlease.com/file/Index?KeyFile=399085582
Global Net Lease Approves Poison Pill Plan, Cites Covid-19 Volatility GNL) has approved a short-term stockholder rights plan (aka a ‘poison pill’) to protect the company from the actions of third parties that are not in GNL’s best interest. “The Board has adopted the Plan at this time due to the substantial volatility in the trading of the Company’s common stock that has resulted from the ongoing COVID-19 pandemic” GNL stated in a press release. Indeed, shares in GNL are currently trading down over 30% year-to-date- although the stock has bounced over 15% in the last five days alone (vs a 10% gain for the S&P 500). Similar to plans adopted recently by other publicly held companies, GNL’s stockholder plan is designed to reduce the likelihood that a third party would gain control of GNL by imposing significant penalties upon any person or group that acquires 4.9% or more of the outstanding shares of the company without the board’s approval. The plan, which expires on April 8, 2021, is not intended to prevent any action that the board determines to be in the company’s best interest and also exempts passive investors. https://finance.yahoo.com/news/global-net-lease-approves-poison-064713070.html
$ 18.72 GNL 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 https://finance.yahoo.com/news/global-net-lease-inc-announces-100000928.html
