Associated tags: Net lease, Sale, GNL, NYSE, RTL, Software, Internet, Professional Services, REIT
Locations: UNITED STATES, LOIS, NEW YORK, NY, US, MONTREAL, EUROPE
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Security (finance) 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.
Key Points:
- As of March 31, 2024, the Company’s portfolio of 1,277 net lease properties is located in eleven countries and territories, and is comprised of 66.9 million rentable square feet.
- The Company had net debt of $5.2 billion8, including $2.6 billion of mortgage debt.
- Weighted-average debt maturity was 3.3 years as of March 31, 2024 as compared to 3.7 years as of March 31, 2023.
- 6 Weighted-average remaining lease term in years is based on square feet as of March 31, 2024.
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.
Key Points:
- 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.
Retrieved on:
Wednesday, April 17, 2024
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.
Key Points:
- 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 our strategic disposition effort and expect to identify additional opportunities throughout the year,” said Michael Weil, CEO of GNL.
- Additionally, we believe that the $124 million of vacant dispositions that are closed or under agreement will eliminate approximately $3 million of annualized operating expenses4.
NEW YORK, April 08, 2024 (GLOBE NEWSWIRE) -- Global Net Lease, Inc. (NYSE: GNL) (“GNL” or the “Company”) announced today that the Company completed a $237 million commercial mortgage-backed security loan (the “Loan”) secured by 20 U.S. industrial properties previously secured under the Company’s corporate credit facility.
Key Points:
- NEW YORK, April 08, 2024 (GLOBE NEWSWIRE) -- Global Net Lease, Inc. (NYSE: GNL) (“GNL” or the “Company”) announced today that the Company completed a $237 million commercial mortgage-backed security loan (the “Loan”) secured by 20 U.S. industrial properties previously secured under the Company’s corporate credit facility.
- The lead lender for the Loan is Bank of Montreal and co-lenders are Barclays, KeyBank and Société Générale.
- We are pleased with the strategic execution of this CMBS financing as the fixed rate debt lowers GNL’s existing cost of capital and improves our weighted average debt maturity.
- Global Net Lease, Inc. (NYSE: GNL) is a publicly traded internally managed real estate investment trust that focuses on acquiring and managing a global portfolio of income producing net lease assets across the U.S., and Western and Northern Europe.
NEW YORK, April 01, 2024 (GLOBE NEWSWIRE) -- Global Net Lease, Inc. (“GNL” or the “Company”) (NYSE: GNL / GNL PRA / GNL PRB / GNL PRD / GNL PRE) announced today that it declared a dividend on its outstanding common stock for the quarter ended June 30, 2024.
Key Points:
- NEW YORK, April 01, 2024 (GLOBE NEWSWIRE) -- Global Net Lease, Inc. (“GNL” or the “Company”) (NYSE: GNL / GNL PRA / GNL PRB / GNL PRD / GNL PRE) 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.
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.
Key Points:
- 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.
NEW YORK, March 21, 2024 (GLOBE NEWSWIRE) -- Global Net Lease, Inc. (“GNL” or the “Company”) (NYSE: GNL/ GNL PRA / GNL PRB / GNL PRD / GNL PRE) announced today that it declared quarterly dividends on its outstanding preferred stock.
Key Points:
- NEW YORK, March 21, 2024 (GLOBE NEWSWIRE) -- Global Net Lease, Inc. (“GNL” or the “Company”) (NYSE: GNL/ GNL PRA / GNL PRB / GNL PRD / GNL PRE) 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 Preferred Stock at the close of business on April 5, 2024, (iii) a dividend of $0.46875 per share on its 7.50% Series D Cumulative Redeemable Perpetual Preferred Stock (“Series D Preferred Stock”) payable on April 15, 2024 to holders of record of shares of its Series D Preferred Stock at the close of business on April 5, 2024, and (iv) a dividend of $0.4609375 per share on its 7.375% Series E Cumulative Redeemable Perpetual Preferred Stock (“Series E Preferred Stock”) payable on April 15, 2024 to holders of record of shares of its Series E Preferred Stock at the close of business on April 5, 2024.
Retrieved on:
Wednesday, February 28, 2024
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.
Key Points:
- 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.
- 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.
- “I am thrilled to embark on this journey as a member of GNL’s Board of Directors, eager to contribute value and support as GNL executes on its business plan.
Retrieved on:
Tuesday, February 27, 2024
RTL,
Moody's Investors Service,
Common stock,
Internalization,
Tenant,
Adjustment,
Proxy,
Mergers and acquisitions,
GNL,
Webcast,
Depreciation,
Times interest earned,
Probability,
Software,
PSAS NEW YORK, Feb. 27, 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 and year ended December 31, 2023.
Key Points:
- Weighted average debt maturity was 3.2 years as of December 31, 2023 as compared to 3.9 years as of December 31, 2022.
- 1 Based on GNL’s fourth quarter 2023 general & administrative expenses annualized for a full fiscal year.
- 4 Weighted-average remaining lease term in years is based on square feet as of December 31, 2023.
- 8 Projected Adjusted EBITDA annualized based on estimated Adjusted EBITDA for the quarter ended December 31, 2024 multiplied by four.
Retrieved on:
Thursday, February 8, 2024
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.
Key Points:
- 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.
