The share price of Global Net Lease Inc. (NYSE:GNL) fell to $10.31 per share on Thursday from $11.22. While Global Net Lease Inc. has underperformed by -8.11%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, GNL fell by -36.71%, with highs and lows ranging from $16.68 […]
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It’s been a tumultous couple of years of real estate stocks. The pandemic caused unprecedented changes in people’s daily lives and working habits. Some categories of real estate investment trusts (REITs) benefitted from these adjustments. Sub-sectors such as data centers and industrial warehouses enjoyed a surge in demand during the pandemic period. Many categories of real estate, however, did not fare so well. One category that has taken a great deal of heat is malls and shopping centers. The past two years have seen a tremendous move toward e-commerce instead of brick and mortar retail. Offices are another category of real estate stocks facing problems. Workers are returning to the office little by little. But telecommuting is here to stay for many roles, and still more firms are adopting hybrid work models that require less-expensive office space. Office REITs are struggling to adapt to this change. It’s not just offices and shopping mall real estate stocks that are struggling, either.
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Global Net Lease found using ticker (GNL) have now 3 analysts covering the stock. The analyst consensus points to a rating of ''Buy''. The range between the high target price and low target price is between 19 and 16 and has a mean target at 18. With the stocks previous close at 13.3 this is indicating there is a potential upside of 35.3%. The 50 day moving average now sits at 14.47 and the 200 day moving average is 14.55. The market cap for the company is $1,408m. Find out more information at: https://www.globalnetlease.com [stock_market_widget type="chart" template="basic" color="green" assets="GNL" range="6mo" interval="1d" axes="true" cursor="true" api="yf"] The potential market cap would be $1,906m based on the market concensus. Global Net Lease (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.
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Global Net Lease with ticker code (GNL) have now 3 analysts covering the stock. The analyst consensus points to a rating of ''Buy''. The target price ranges between 19 and 16 with the average target price sitting at 18. Given that the stocks previous close was at 14 this is indicating there is a potential upside of 28.6%. The 50 day moving average now sits at 14.51 while the 200 day moving average is 14.6. The company has a market capitalisation of $1,469m. Find out more information at: https://www.globalnetlease.com [stock_market_widget type="chart" template="basic" color="green" assets="GNL" range="6mo" interval="1d" axes="true" cursor="true" api="yf"] The potential market cap would be $1,888m based on the market concensus. Global Net Lease (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.
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Global Net Lease found using ticker (GNL) have now 3 analysts covering the stock with the consensus suggesting a rating of ''Buy''. The range between the high target price and low target price is between 19 and 16 with a mean TP of 18. With the stocks previous close at 15 this would imply there is a potential upside of 20.0%. There is a 50 day moving average of 14.42 while the 200 day moving average is 14.68. The company has a market cap of $1,584m. Find out more information at: https://www.globalnetlease.com [stock_market_widget type="chart" template="basic" color="green" assets="GNL" range="6mo" interval="1d" axes="true" cursor="true" api="yf"] The potential market cap would be $1,901m based on the market concensus. Global Net Lease (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.
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Analysts at B. Riley dropped their FY2022 earnings per share (EPS) estimates for shares of Global Net Lease in a research note issued to investors on Wednesday, August 10th. B. Riley analyst B. Maher … Read Full Story at source (may require registration) The post Equities Analysts Issue Forecasts for Global Net Lease, Inc.’s FY2022 Earnings (NYSE:GNL) appeared first on ForexTV .
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Global Net Lease, Inc. (NYSE:NYSE:GNL) Q2 2022 Earnings Conference Call August 04, 2022 01:00 PM ET Company Participants Louisa Quarto - Executive Vice President Jim Nelson - Chief…
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The following slide deck was published by Global Net Lease, Inc.
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Company to Host Investor Webcast and Conference Call Today at 1 PM Eastern NEW YORK, Aug. 4, 2022 /PRNewswire/ -- Global Net Lease, Inc. (NYSE: GNL) ("GNL" or the "Company"), a real estate investment trust that focuses on acquiring and managing a globally diversified portfolio of…
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Global Net Lease (GNL) is scheduled to announce Q2 earnings results on Thursday, August 4th, before market open.The consensus FFO Estimate is $0.01 (-97.8% Y/Y) and the consensus…
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Global Net Lease with ticker code (GNL) have now 3 analysts in total covering the stock. The consensus rating is ''Buy''. The range between the high target price and low target price is between 20 and 16 with a mean TP of 18.33. Now with the previous closing price of 15.07 this now indicates there is a potential upside of 21.6%. The day 50 moving average is 14.19 and the 200 moving average now moves to 14.78. The company has a market capitalisation of $1,593m. You can visit the company''s website by visiting: https://www.globalnetlease.com [stock_market_widget type="chart" template="basic" color="green" assets="GNL" range="6mo" interval="1d" axes="true" cursor="true" api="yf"] The potential market cap would be $1,938m based on the market concensus. Global Net Lease (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.
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Today I am looking at some of the best undervalued REITs (real estate investment trusts) that have serious profit potential. These stocks are either at a trough price-wise, or their valuation metrics are very cheap. For example, many of these REITs are down over 25% year to date. Moreover, their valuation metrics show that their price to funds from operation (FFO) are at low multiples. Moreover, in most cases, their dividend yields are also high — many of them higher than their average historical yields. This can be seen in the chart below, which shows the average P/FFO and the average yield of each REIT. Click to Enlarge Source: Mark R. Hake, CFA It shows that the average P/FFO of the group is just 8.22x for 2022. It is lower for 2023 at 7.8x. The average dividend yield of the group is 10%. Moreover, the median target price upside is over 17% higher. That shows how much these undervalued REITs could rise over the next year if interest rates eventually peak and then start to decline. 7 Seriously Undervalued Tech Stocks to Buy Now Now, let’s dive in and look at these REITs.
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NEW YORK , July 7, 2022 /PRNewswire/ -- Global Net Lease, Inc. (NYSE: GNL ) ("GNL" or the "Company") announced today it will release its financial results for the second quarter ended June 30, 2022 on Thursday, August 4, 2022 before the start of trading on the New York Stock Exchange. The Company will host a conference call and audio webcast on Thursday, August 4, 2022 , beginning at 1:00 p.m. ET , to discuss the second quarter results and provide commentary on business performance. The call will be conducted by GNL''s management team and a question and answer session with analysts and investors will follow the prepared remarks. Dial-in instructions for the conference call and the replay are outlined below. This conference call will also be broadcast … Full story available on Benzinga.com
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NEW YORK , July 1, 2022 /PRNewswire/ -- Global Net Lease, Inc. ("GNL") (NYSE: 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. GNL anticipates paying dividends authorized by its board of directors on its shares of common stock on a quarterly basis in arrears on the 15 th 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. … Full story available on Benzinga.com
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Global Net Lease, Inc. found using ticker (GNL) now have 4 analysts covering the stock with the consensus suggesting a rating of ''Buy''. The range between the high target price and low target price is between 20 and 16 and has a mean target at 18.5. With the stocks previous close at 13.28 this would indicate that there is a potential upside of 39.3%. There is a 50 day moving average of 14.35 and the 200 day MA is 15.11. The market cap for the company is $1,360m. Company Website: https://www.globalnetlease.com [stock_market_widget type="chart" template="basic" color="green" assets="GNL" range="6mo" interval="1d" axes="true" cursor="true" api="yf"] The potential market cap would be $1,895m based on the market concensus. 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.
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NEW YORK , June 2, 2022 /PRNewswire/ -- Global Net Lease, Inc. (NYSE: GNL ) ("GNL" or the "Company") announced today that James Nelson , CEO of GNL, will participate in a fireside chat presentation, moderated by Bryan Maher , Managing Director, B Riley Financial, Inc., at Nareit''s REITweek 2022 Investor Conference on Tuesday, June 7, 2022 at 11:00 a.m. ET at the New York Hilton Midtown hotel. The Company will also host meetings with institutional investors and sell-side analysts during the conference, which runs from Tuesday, June 7 to Thursday, June … Full story available on Benzinga.com
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Global Net Lease is generating good revenue and earnings, but the long-term sustainability of the dividend is in question. Learn more about GNL stock here.
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Companies Reporting Before The Bell • Mirum Pharmaceuticals (NASDAQ: MIRM ) is expected to report quarterly loss at $1.34 per share on revenue of $8.46 million. • Bluegreen Vacations (NYSE: BVH ) is estimated to report quarterly earnings at $0.53 per share on revenue of $181.17 million. • Selecta Biosciences (NASDAQ: SELB ) is expected to report quarterly loss at $0.11 per share on revenue of $13.12 million. • Alpha Metallurgical (NYSE: AMR ) is projected to report quarterly earnings at $19.04 per share on revenue of $944.95 million. • DigitalBridge Group (NYSE: DBRG ) is projected to report quarterly loss at $0.03 per share on revenue of $259.60 million. • Madison Square Garden (NYSE: MSGS ) is projected to report quarterly earnings at $1.59 per share on revenue of $332.95 million. • Intellia Therapeutics (NASDAQ: NTLA ) is likely to report quarterly loss at $1.10 per share on revenue of $8.54 million. • InterDigital (NASDAQ: IDCC ) is estimated to report quarterly earnings at $0.73 per share on revenue of $97.
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This is a Real-time headline. These are breaking news, delivered the minute it happens, delivered ticker-tape style. Visit www.marketwatch.com or the quote page for more information about this breaking news.
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NEW YORK , July 12, 2021 /PRNewswire/ -- Global Net Lease, Inc. (NYSE: GNL ) ("GNL" or the "Company") announced today it will release its financial results for the second quarter ended June 30, 2021 on Thursday, August 5, 2021 before the start of trading on the New York Stock Exchange. The Company will host a conference call and audio webcast on Thursday, August 5, 2021 , beginning at 1:00 p.m. ET , to discuss the second quarter results and provide commentary on business performance. The call will be conducted by GNL''s management team and a question and answer session with analysts and investors will follow the prepared remarks. Dial-in instructions for the conference call Full story available on Benzinga.com
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Global Net Lease with ticker code (GNL) have now 4 analysts in total covering the stock. The consensus rating is ''Buy''. The target price ranges between 28 and 21 calculating the average target price we see 24. With the stocks previous close at 18.71 this now indicates there is a potential upside of 28.3%. The 50 day MA is 19.18 and the 200 day moving average is 18.32. The company has a market capitalisation of $1,841m. Visit the company website at: /> [stock_market_widget type="chart" symbol="GNL" chart="bar" range="6mo" interval="1d" line-color="rgb(49, 125, 189)"] Global Net Lease (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. This article Global Net Lease Consensus Indicates Potential 28.3% Upside first appeared on DirectorsTalk Interviews .
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NEW YORK , July 1, 2021 /PRNewswire/ -- Global Net Lease, Inc. ("GNL") (NYSE: 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. GNL anticipates paying dividends authorized by its board of directors on its shares of common stock on a quarterly basis in arrears on the 15 th 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. Full story available on Benzinga.com
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REIT prices have soared over the last year, which has left some investors feeling like they missed out on taking advantage of last years low prices. Luckily, there are a handful of high-dividend REITs that have been overlooked and are still priced at a discount. Global Net Lease (NYSE: GNL ) This diversified REIT owns a portfolio of properties that includes industrial, office and retail across 10 countries. The company has an impressive tenant roster, with 66% having investment-grade credit ratings. The REIT focuses on long-term triple net leases, with the companys remaining weighted average lease term being 8.3 years. This means stable income with high operating margins. The companys stock is trading at a price to FFO multiple of around 10.3x, compared to the sector average of 17.9x. The stock is also priced at a 16% discount to its estimated net asset value (NAV), while some of the more well-known diversified REITs are currently priced at a premium to NAV. Factor in the companys 8.76%
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Related Stocks: GNL ,
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Global Net Lease found using ticker (GNL) now have 3 analysts covering the stock with the consensus suggesting a rating of ''Buy''. The range between the high target price and low target price is between 28 and 23 with a mean TP of 24.67. Now with the previous closing price of 19.7 this now indicates there is a potential upside of 25.2%. The 50 day moving average now sits at 19.15 and the 200 day moving average is 18.06. The market capitalisation for the company is $1,891m. You can visit the company''s website by visiting: /> [stock_market_widget type="chart" symbol="GNL" chart="bar" range="6mo" interval="1d" line-color="rgb(49, 125, 189)"] Global Net Lease (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.
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NEW YORK , June 8, 2021 /PRNewswire/ -- Global Net Lease, Inc. (NYSE: GNL ) ("GNL" or the "Company") announced today that it collected 100% of the original cash rent 1 due for the months of April and May, 2021 as of June 7, 2021 . The Company also announced that in Q1 and Q2 to date it had closed on or had in its forward acquisition pipeline eight properties for approximately $270 million . "We continue to see attractive opportunities to expand GNL''s portfolio with additional high-quality industrial, distribution and office properties leased to strong tenants in our target markets" said James Nelson , CEO of GNL. "Our ongoing cash rent Full story available on Benzinga.com
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Global Net Lease with ticker code (GNL) have now 3 analysts in total covering the stock. The consensus rating is ''Buy''. The range between the high target price and low target price is between 28 and 23 and has a mean target at 24.67. Now with the previous closing price of 19.54 this would indicate that there is a potential upside of 26.3%. The day 50 moving average is 18.99 and the 200 day moving average is 17.95. The company has a market capitalisation of $1,890m. You can visit the company''s website by visiting: /> [stock_market_widget type="chart" symbol="GNL" chart="bar" range="6mo" interval="1d" line-color="rgb(49, 125, 189)"] Global Net Lease (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. This article Global Net Lease Consensus Indicates Potential 26.
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Global Net Lease with ticker code (GNL) now have 3 analysts covering the stock. The analyst consensus points to a rating of ''Buy''. The target price ranges between 25 and 23 with a mean TP of 23.67. Given that the stocks previous close was at 19.36 this now indicates there is a potential upside of 22.3%. The day 50 moving average is 18.93 and the 200 day MA is 17.84. The market cap for the company is $1,734m. You can visit the company''s website by visiting: /> [stock_market_widget type="chart" symbol="GNL" chart="bar" range="6mo" interval="1d" line-color="rgb(49, 125, 189)"] Global Net Lease (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. This article Global Net Lease Consensus Indicates Potential 22.
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Global Net Lease with ticker code (GNL) now have 3 analysts covering the stock. The analyst consensus points to a rating of ''Buy''. The range between the high target price and low target price is between 25 and 23 calculating the mean target price we have 23.67. Given that the stocks previous close was at 18.71 this now indicates there is a potential upside of 26.5%. There is a 50 day moving average of 18.87 while the 200 day moving average is 17.68. The company has a market capitalisation of $1,796m. Company Website: /> [stock_market_widget type="chart" symbol="GNL" chart="bar" range="6mo" interval="1d" line-color="rgb(49, 125, 189)"] Global Net Lease (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. This article Global Net Lease Consensus Indicates Potential 26.
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NEW YORK , May 6, 2021 /PRNewswire/ -- Global Net Lease, Inc. (NYSE: GNL ) ("GNL" or the "Company"), a 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, 2021. First Quarter 2021 and Subsequent Events Highlights Revenue increased 12.8% to $89.4 million from $79.2 million in first quarter 2020 Net loss was $0.8 million as compared to net income of $5.0 million in first quarter 2020 Net operating income ("NOI") grew 13.9% to $81.8 million from $71.9 million in first quarter 2020 Core Funds from Operations ("Core FFO") was $38.9 million compared to $38.9 million in first quarter 2020 Adjusted Funds from Operations ("AFFO") increased by $0.6 million to $40.4 million as compared to $39.8 million in the prior year quarter AFFO per share was $0.44 as compared to $0.44 in first quarter 2020 Distributed $36.
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NEW YORK , April 29, 2021 /PRNewswire/ -- Global Net Lease, Inc. (NYSE: GNL ) ("GNL" or the "Company") announced today that as of April 28, 2021 the Company has closed on five properties for a contract purchase price of $249.8 million 1 since the beginning of the year, including the previously announced acquisition of the McLaren Group headquarters in Woking, Surrey, England . The acquisitions were completed at a going-in capitalization rate 2 of 9.1% and had a weighted average remaining lease term of 19.4 years at closing. "We are off to a strong start to 2021 and have already acquired nearly a quarter-billion dollars of high-quality, mainly industrial assets year to date," said James … Full story available on Benzinga.com
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NEW YORK , April 23, 2021 /PRNewswire/ -- Global Net Lease, Inc. (NYSE: GNL ) ("GNL" or the "Company") announced today it will release its financial results for the first quarter ended March 31, 2021 on Thursday, May 6, 2021 before the start of trading on the New York Stock Exchange. The Company will host a conference call and audio webcast on Thursday, May 6, 2021 , beginning at 1:00 p.m. ET , to discuss the first quarter results and provide commentary on business performance. The call will be conducted by GNL's management team and a question and answer session with analysts and investors will follow the prepared remarks. Dial-in instructions for the … Full story available on Benzinga.com
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NEW YORK , April 20, 2021 /PRNewswire/ -- Global Net Lease, Inc. (NYSE: GNL ) ("GNL" or the "Company") announced today 1 that the Company has agreed to acquire a three property office and industrial campus in Woking, Surrey, England that serves as the world headquarters for McLaren's Automotive, Racing, and Applied divisions (the "McLaren Group Headquarters"). The contract purchase price for the combined 840,000 square foot campus is £170 million with a 20-year, NNN lease. The transaction is expected to close in the second quarter of 2021. "We are excited to announce that this world-class facility will become part of the GNL portfolio," said James Nelson , CEO of GNL "The McLaren Group Headquarters' state of the art buildings have won numerous awards, were designed by renowned architect Norman Foster , and are the type of mission-critical, net-leased properties that make up the GNL portfolio. We are very pleased to … Full story available on Benzinga.com
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On April 1, 2021, Global Net Lease (NYSE:GNL) announced shareholders can expect to receive a dividend payable on April 15, 2021. The stock will then go …
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NEW YORK , April 7, 2021 /PRNewswire/ -- Global Net Lease, Inc. (NYSE: GNL ) ("GNL" or the "Company") announced today that it collected 99% of the original cash rent due for the first quarter of 2021 as of April 1, 2021 . The Company also announced that it had a forward acquisition pipeline of six properties for approximately $258 million . "GNL completed another quarter of stellar rent collection, underscoring the quality and resiliency of our portfolio" said James Nelson , CEO of GNL. "We are looking forward to expanding our best-in-class portfolio … Full story available on Benzinga.com
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NEW YORK , April 1, 2021 /PRNewswire/ -- Global Net Lease, Inc. ("GNL") (NYSE: 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. GNL anticipates paying dividends authorized by its board of directors on its shares of common stock on a quarterly basis in arrears on the 15 th 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. … Full story available on Benzinga.com
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NEW YORK , Feb. 25, 2021 /PRNewswire/ -- Global Net Lease, Inc. (NYSE: GNL ) ("GNL" or the "Company") announced today that Barclays has committed $50 million to the Company's revolving credit facility, bringing total commitments to approximately $1.2 billion . The increase in commitments was made, at the request of the Company, pursuant to the credit facility's uncommitted "accordion feature." "We are very pleased to be expanding our relationship with Barclays and adding their expertise to our robust banking group," said James Nelson , CEO of GNL. "The upsized credit facility helps us … Full story available on Benzinga.com
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NEW YORK, NY / ACCESSWIRE / February 24, 2021 / Global Net Lease, Inc. (NYSE:GNL) will be discussing their earnings results in their 2020 Fourth Quarter Earnings call to be held on February 24, 2021 at 11:00 AM Eastern Time.
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Bloomberg The Reason Commodities Keep Rising? They’re a Home to Yield (Bloomberg) — Commodities markets are booming. Oil is up about 30% this year, copper just hit a nine-year high and grains markets are experiencing shortages.But there’s a subtler factor helping propel the value of the world’s raw materials ever higher: yield.At a time when […]
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NEW YORK , Feb. 24, 2021 /PRNewswire/ -- Global Net Lease, Inc. (NYSE: GNL ) ("GNL" or the "Company"), a 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 and year ended December 31, 2020. Full Year 2020 Highlights Revenue from tenants increased 7.8% to $330.1 million from $306.2 million in prior year Net loss attributable to common stockholders was $7.8 million , or $0.09 per diluted share compared to net income of $34.5 million or $0.39 per diluted share in 2019 Net Operating Income ("NOI") grew 7.1% to $297.7 million compared to $277.9 million in the prior year Core Funds from Operations ("Core FFO") of $135.2 million , or $1.51 per diluted share Adjusted Funds from Operations ("AFFO") was $160.5 million compared to $159.7 million in the prior year Dividends paid to common stockholders were $155.1 million , or $1.
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NEW YORK, Feb. 1, 2021 /PRNewswire/ -- Global Net Lease, Inc. (NYSE: GNL) ("GNL" or the "Company") announced today it will release its financial results for the fourth quarter and year ended December 31, 2020 on Wednesday, February 24, 2021 before the start of trading on the New York…
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NEW YORK , Jan. 7, 2021 /PRNewswire/ -- Global Net Lease, Inc. (NYSE: GNL ) ("GNL" or the "Company") announced today that it collected 97% of the original cash rent due for the fourth quarter of 2020 as of January 6, 2021 . The Company also announced it had acquired seven properties for approximately $290 million during the fourth quarter. Fourth quarter acquisitions consisted primarily of industrial assets located in the United States and had a weighted average cap rate 1 of 7.2% and weighted average remaining lease term of 9.6 years. "We are very pleased with the resiliency GNL's portfolio showed throughout 2020, despite a challenging year" said James Nelson , CEO of GNL. "The mission-critical nature of our assets, strong underlying credit quality of our tenants and the rigorous underwriting and acquisitions standards we adhere to have allowed us to build a best-in-class portfolio that has performed exceptionally well while continuing to find and acquire high-quality, accretive properties that will extend GNL's portfolio growth." Acquisitions During the fourth quarter, the Company acquired seven properties for an aggregate contract purchase price of $292.8 million at a going-in cap rate 2 of …
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NEW YORK , Jan. 1, 2021 /PRNewswire/ -- Global Net Lease, Inc. ("GNL") (NYSE: 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. GNL anticipates paying dividends authorized by its board of directors on its shares of common stock on a quarterly basis in arrears on the 15 th 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. … Full story available on Benzinga.com
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NEW YORK , Dec. 17, 2020 /PRNewswire/ -- Global Net Lease, Inc. (NYSE: GNL ) ("GNL" or the "Company") announced today that on December 16, 2020 , the Company successfully completed its previously announced $500 million senior unsecured note offering (the "Notes") due 2027. The Notes will have an effective interest rate of 3.75% and mature on December 15, 2027 . Standard & Poor's Rating Services ("S&P") issued an investment grade rating of BBB- on the Notes, and Fitch Ratings ("Fitch") rated the Notes BB+. GNL also received a corporate credit rating of "BB+" from both S&P and Fitch. "We are extremely pleased with the market's reception and demand for our inaugural senior unsecured note offering and the credit ratings we received from S&P and Fitch during these unprecedented times," said James Nelson , CEO of GNL. "We believe that the success of the transaction is a … Full story available on Benzinga.com
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NEW YORK, Dec. 10, 2020 /PRNewswire/ -- Global Net Lease, Inc. ("GNL" or the "Company") (NYSE: GNL) today announced that the Company and Global Net Lease Operating Partnership, L.P., the Company's operating partnership subsidiary (the "Operating Partnership" and, together with the…
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NEW YORK , Dec. 7, 2020 /PRNewswire/ -- Global Net Lease, Inc. ("GNL" or the "Company") (NYSE: GNL ) today announced that the Company and Global Net Lease Operating Partnership, L.P., the Company's operating partnership subsidiary (the "Operating Partnership" and, together with the Company, the "issuers"), plan to offer, subject to market and other conditions, $500 million aggregate principal amount of seven-year senior unsecured notes. The notes will be guaranteed on a senior unsecured basis by each of the Company's subsidiaries that are guarantors under the Operating Partnership's senior unsecured multi-currency revolving credit facility ("revolving credit facility") and senior unsecured term loan facility ("term loan" and, together with the revolving credit facility, the "credit facility") or any future subsidiary of the issuers that becomes a borrower or guarantor under the credit facility, any other syndicated loan facility or any capital markets indebtedness of the issuers or a subsidiary guarantor under the notes, subject to certain exceptions. …
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NEW YORK, Dec. 3, 2020 /PRNewswire/ -- Global Net Lease, Inc. (NYSE: GNL) ("GNL" or the "Company") announced today that 97% of the original cash rent due for the fourth quarter of 2020 has been received as of December 2, 2020, including 98% of the original cash rent due from the Company's…
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NEW YORK , Nov. 5, 2020 /PRNewswire/ -- Global Net Lease, Inc. (NYSE: GNL ) ("GNL" or the "Company"), a real estate investment trust focused on the acquisition and management of primarily single-tenant industrial and office properties leased long-term to high quality corporate tenants in select markets in the United States , Europe and Canada, announced today its financial and operating results for the quarter ended September 30, 2020. Third Quarter 2020 and Subsequent Events Highlights Revenue increased 6.1% to $82.7 million from $77.9 million in third quarter 2019 Net loss was $0.5 million as compared to net income of $6.9 million in third quarter 2019 and $1.0 million in the second quarter Net operating income ("NOI") grew 7.8% to $75.2 million from $69.7 million in third quarter 2019 Core Funds from Operations ("Core FFO") was $34.6 million as compared to $38.6 million in third quarter 2019 Adjusted Funds from Operations ("AFFO") was $40.9 million as compared to $40.2 million in the prior year quarter AFFO per share was $0.
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NEW YORK , Oct. 21, 2020 /PRNewswire/ -- Global Net Lease, Inc. (NYSE: GNL ) ("GNL" or the "Company") announced today it will release its financial results for the third quarter ended September 30, 2020 on Thursday, November 5, 2020 before the start of trading on the New York Stock Exchange. The Company will host a conference call and audio webcast on Thursday, November 5, 2020 , beginning at 1:00 p.m. ET , to discuss the third quarter results and provide commentary on business performance. The call will be conducted by GNL's management team and a question and answer session with analysts and investors will follow the prepared remarks. Dial-in instructions for the conference call and the replay are outlined below. This conference call will also be broadcast live over the Internet and can be accessed by all interested parties through the GNL website, www.globalnetlease.com , in the "Investor Relations" section. To listen to the live … Full story available on Benzinga.com
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Shares of Global Net Lease, Inc. (NYSE:GNL) have received an average recommendation of “Hold” from the seven research firms that are currently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and four have issued a buy recommendation on the company. The average […]
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