| Global Net Lease: Tide Is Turning And Debt Upgrade Could Spark A Virtuous Circle |
Global Net Lease is poised for significant gains if upgraded by S&P or Fitch, reducing debt costs and improving cash flows and stock valuation. Having investment grade rated debt would improve GNL's ability to win business and competitive position in net lease space. Having a lower cost of debt will also improve profitability and reduce the discount rate used to value the cash flows. |
seekingalpha.com |
2025-05-14 11:27:02 |
Czytaj oryginał (ang.) |
| REIT Replay: U.S. REIT Share Prices Tick Down During Week Ended May 9 |
Share prices for US equity real estate investment trusts lost ground alongside the broader market during the week ending May 9. The Dow Jones Equity All REIT closed the recent week down 0.61%, while the S&P 500 and Dow Jones Industrial Average logged declines of 0.47% and 0.16%, respectively. Among the Dow Jones US real estate property sector indexes, the apartment REIT index fell the furthest this past week, down 2.94%. |
seekingalpha.com |
2025-05-13 08:50:00 |
Czytaj oryginał (ang.) |
| Global Net Lease, Inc. (GNL) Q1 2025 Earnings Conference Call Transcript |
Global Net Lease, Inc. (GNL) Q1 2025 Earnings Conference Call Transcript |
seekingalpha.com |
2025-05-08 17:36:07 |
Czytaj oryginał (ang.) |
| Global Net Lease (GNL) Beats Q1 FFO Estimates |
Global Net Lease (GNL) came out with quarterly funds from operations (FFO) of $0.29 per share, beating the Zacks Consensus Estimate of $0.24 per share. This compares to FFO of $0.33 per share a year ago. |
zacks.com |
2025-05-07 23:01:00 |
Czytaj oryginał (ang.) |
| Global Net Lease Reports First Quarter 2025 Results |
- Successfully Closed First Phase of Multi-Tenant Portfolio Sale Resulting in $1.1 Billion of Gross Proceeds; On Track to Close Remaining Multi-Tenant Portfolio Sale by End of Q2'25 - Reduced Net Debt by $833 Million in Q1'25; Improved Net Debt to Adjusted EBITDA to 6.7x - Repurchased 7.9 Million Shares at a Weighted Average Price of $7.50 Totaling $59 Million as of May 2, 2025 - Reaffirms 2025 Guidance NEW YORK, May 07, 2025 (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, 2025. First Quarter 2025 Highlights Successfully closed the first phase of the sale of the multi-tenant portfolio, consisting of 59 unencumbered assets, with the net proceeds used to pay down $850 million of the Revolving Credit Facility Remain on track to close the remaining two phases of the multi-tenant portfolio sale, consisting of 41 encumbered assets, by the end of the second quarter 2025, after which GNL expects to begin realizing G&A savings and enhanced portfolio metrics Revenue was $132.4 million in first quarter 2025, compared to $147.9 million in first quarter 2024, primarily as a result of asset dispositions Net loss attributable to common stockholders was $200.3 million, compared to a net loss of $34.7 million in first quarter 2024, primarily caused by the timing and purchase price allocation associated with the partial completion of the multi-tenant portfolio sale Net loss attributable to common stockholders is expected to significantly improve upon completion of the sale of the remaining multi-tenant portfolio Core Funds from Operations (“Core FFO”) was $35.0 million compared to $56.6 million in first quarter 2024, primarily as a result of asset dispositions, including the multi-tenant portfolio sale Adjusted Funds from Operations (“AFFO”)1 was $66.2 million, or $0.29 per share, compared to $75.0 million in first quarter 2024, or $0.33 per share, primarily as a result of asset dispositions, including the multi-tenant portfolio sale 2025 closed plus disposition pipeline totals $2.1 billion2 at a cash cap rate of 8.3% and a weighted average lease term of 5.2 years; maintains focus on using net proceeds from non-core asset sales to reduce leverage and strengthen the balance sheet Reduced Net Debt by $1.5 billion since first quarter 2024, including $833.2 million in first quarter 2025, improving Net Debt to Adjusted EBITDA from 8.4x to 6.7x over the same period As of May 2, 2025, the Company has repurchased 7.9 million shares of its outstanding common stock under its Share Repurchase Program announced in February 2025, at a weighted average price of $7.50, for a total of $59.4 million; this includes 2.4 million shares for a total of $19.4 million repurchased in first quarter 2025 Leased over 826,000 square feet across the single-tenant portfolio, resulting in nearly $6.1 million of new straight-line rent Single-tenant renewal leasing spread of 8.2% with a weighted average lease term of 6.6 years; new leases completed in the single-tenant portfolio in the quarter had a weighted average lease term of 5.0 years Weighted average annual rent increase of 1.5% provides organic rental growth, excluding 18.7% of the portfolio with CPI-linked leases that have historically experienced significantly higher rental increases Sector-leading 60% of annualized straight-line rent comes from investment-grade or implied investment-grade tenants3 “The first quarter of 2025 was a pivotal period in GNL's transformation as we took important steps to streamline our portfolio, strengthen the balance sheet, and enhance financial flexibility,” said Michael Weil, CEO of GNL. |
globenewswire.com |
2025-05-07 20:15:00 |
Czytaj oryginał (ang.) |
| Global Net Lease: Another Dividend Cut Coming In A Year |
Global Net Lease cut its dividend shortly after our article. The REIT is a class A value destroyer. The new dividend is also uncovered, and another big cut is lining up within a year. |
seekingalpha.com |
2025-05-06 16:21:04 |
Czytaj oryginał (ang.) |
| Sell These 10 REITs While You Still Can |
This neither the best of times nor the worst of times for REIT investors. This article presents a list of 10 REITs that would merit a Sell rating even in the best of times, given their current condition. All 10 REITs face significant risks due to revenue shrinkage, and most are struggling with heavy indebtedness and a high risk of dividend cuts. |
seekingalpha.com |
2025-05-01 10:34:00 |
Czytaj oryginał (ang.) |
| Global Net Lease Announces Release Date for First Quarter 2025 Results |
NEW YORK, April 16, 2025 (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, 2025 on Wednesday, May 7, 2025 after the close of trading on the New York Stock Exchange. The Company will host a conference call and audio webcast on Thursday, May 8, 2025, beginning at 11:00 a.m. |
globenewswire.com |
2025-04-16 10:00:00 |
Czytaj oryginał (ang.) |
| Lease Agreement Between Global Net Lease and General Services Administration (GSA) Remains in Full Effect |
NEW YORK, April 09, 2025 (GLOBE NEWSWIRE) -- Global Net Lease, Inc. (NYSE: GNL) (“GNL” or the “Company”) announced today that it has received written notice from the Government Services Administration (“GSA”) revoking its previous notice to exercise termination rights related to GNL's Class A office building in Franklin, Tennessee. As a result, the existing lease agreement with the GSA remains in full force and effect. |
globenewswire.com |
2025-04-09 10:00:00 |
Czytaj oryginał (ang.) |
| 3 REITs To Sell Before They Cut Their Dividend |
Many REITs are offering dividend yields in excess of 10%. But some of them are in very bad shape. I highlight three high yielding REITs to sell asap. |
seekingalpha.com |
2025-04-08 12:15:00 |
Czytaj oryginał (ang.) |
| Mousetraps: 9 High-Yield REITS With Potentially Unsafe Dividends |
The recent sell-off has increased the temptation to reach for some of the many high-yield REITs, but beware of "mousetrap" REITs with unsustainable dividends. Dividend safety is crucial; a cut can lead to plummeting share prices and reduced income, leaving investors with significant losses. Seeking Alpha Premium's Dividend Safety score helps identify risky REITs; grades range from A+ (safe) to F (high risk of cuts). |
seekingalpha.com |
2025-04-07 11:30:00 |
Czytaj oryginał (ang.) |
| Global Net Lease, Inc. Announces Common Stock Dividend for the Second Quarter 2025 |
NEW YORK, April 01, 2025 (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 of $0.190 per share of common stock payable on April 16, 2025, to common stockholders of record at the close of business on April 11, 2025. |
globenewswire.com |
2025-04-01 10:00:00 |
Czytaj oryginał (ang.) |
| Global Net Lease Successfully Closes First Phase of Multi-Tenant Portfolio Sale |
NEW YORK, March 26, 2025 (GLOBE NEWSWIRE) -- Global Net Lease, Inc. (NYSE: GNL) (“GNL” or the “Company”) announced the successful closing of the first phase of the sale of its multi-tenant portfolio to RCG Ventures, LLC on March 25, 2025. This initial phase includes 59 unencumbered properties, totaling approximately $1.1 billion in gross proceeds upon closing. |
globenewswire.com |
2025-03-26 08:00:00 |
Czytaj oryginał (ang.) |
| Certainly Uncertain |
US equity markets posted modest gains this week - snapping a four-week losing streak - as investors parsed commentary and updated forecasts from the Federal Reserve's policy meeting. Ahead of the looming April 2nd unveiling of reciprocal tariffs, investors were relieved by FOMC projections showing that 11-of-19 policy markets still expect at least two rate cuts this year. Disappointing retail sales data indicated that economic uncertainty is beginning to affect real-world consumer behavior. Housing market data was relatively solid, however, sparking an upward revision to the GDPNow forecast. |
seekingalpha.com |
2025-03-23 11:00:00 |
Czytaj oryginał (ang.) |
| Global Net Lease, Inc. Announces Preferred Stock Dividends |
NEW YORK, March 20, 2025 (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, 2025, to holders of record of shares of its Series A Preferred Stock at the close of business on April 4, 2025, (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, 2025 to holders of record of shares of its Series B Preferred Stock at the close of business on April 4, 2025, (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, 2025 to holders of record of shares of its Series D Preferred Stock at the close of business on April 4, 2025, 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, 2025 to holders of record of shares of its Series E Preferred Stock at the close of business on April 4, 2025. |
globenewswire.com |
2025-03-20 08:00:00 |
Czytaj oryginał (ang.) |
| Global Net Lease: Dividend Cut, Dispositions, And Buybacks |
Global Net Lease is disposing of non-core assets, cutting their dividend, and launching a $300 million share repurchase program. The dividend cut from $0.275 to $0.19 per share saves GNL $78 million annually, aiding debt reduction and share buybacks. GNL's sale of a $1.8 billion multi-tenant portfolio accelerates deleveraging and helps the company become an STNL REIT. |
seekingalpha.com |
2025-03-16 02:17:13 |
Czytaj oryginał (ang.) |
| Global Net Lease Appoints Leon Richardson to Board of Directors |
NEW YORK, March 12, 2025 (GLOBE NEWSWIRE) -- Global Net Lease, Inc. (NYSE: GNL) ("GNL" or the "Company") announced the appointment of Leon C. Richardson to its Board of Directors, effective March 7, 2025. |
globenewswire.com |
2025-03-12 08:00:00 |
Czytaj oryginał (ang.) |
| REITs Rally As Rates Tumble |
US equity markets declined for the fourth week in the past five after a frenetic slate of geopolitical headlines and economic data indicated a sluggish start to 2025 for global growth. The Atlanta Fed's updated growth forecast indicated a -1.5% contraction in first-quarter GDP, while PCE data showed the first monthly decline in personal spending in nearly two years. Buoyed by the interest rate retreat, real estate equities were also a notable source of strength this week as REIT earnings season wrapped up with a surprisingly solid slate of results. |
seekingalpha.com |
2025-03-02 11:00:00 |
Czytaj oryginał (ang.) |
| Global Net Lease, Inc. (GNL) Q3 2024 Earnings Call Transcript |
Global Net Lease, Inc. (NYSE:GNL ) Q4 2024 Earnings Conference Call February 28, 2025 11:00 AM ET Company Participants Jordyn Schoenfeld - CPA Michael Weil - CEO Chris Masterson - CFO Conference Call Participants Upal Rana - KeyBanc Capital Markets Eric Borden - BMO Capital Markets Mitch Germain - Citizens JMP Operator Greetings and welcome to the Global Net Lease Fourth Quarter and Full Year 2024 Earnings Call. At this time, all participants are in a listen-only mode. |
seekingalpha.com |
2025-02-28 16:14:05 |
Czytaj oryginał (ang.) |
| CORRECTION – Global Net Lease Reports Fourth Quarter and Full Year 2024 Results |
In a release issued under the same headline earlier today by Global Net Lease, Inc. |
globenewswire.com |
2025-02-27 21:27:00 |
Czytaj oryginał (ang.) |
| Global Net Lease Reports Fourth Quarter and Full Year 2024 Results |
– Completed $835 Million in Dispositions in 2024, Surpassing High-End of Increased Guidance – Reduced Net Debt by $734 million in 2024; Improved Net Debt to Adjusted EBITDA to 7.6x – Company Meets and Exceeds its Full-Year 2024 Earnings Guidance – Recently Announced $1.8 Billion Multi-Tenant Portfolio Sale Would Significantly Reduce Leverage and Improve Liquidity Position – Proposed Transaction Would Create Pure-Play, Single-Tenant Net Lease Company with Enhanced Portfolio Metrics – Company Initiates Opportunistic $300 Million Share Repurchase Program NEW YORK, Feb. 27, 2025 (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, 2024. Fourth Quarter and Full Year 2024 Highlights Revenue was $199.1 million in fourth quarter 2024 compared to $206.7 million in fourth quarter 2023, primarily as a result of $835 million of dispositions closed throughout the year Net loss attributable to common stockholders was $17.5 million in fourth quarter 2024, compared to $59.5 million in fourth quarter 2023 Core Funds From Operations (“Core FFO”) was $68.5 million, or $0.30 per share, in fourth quarter 2024, compared to $48.3 million, or $0.21 per share, in fourth quarter 2023 Adjusted Funds From Operations (“AFFO”)1 was $78.3 million2, or $0.34 per share, in fourth quarter 2024, compared to $71.7 million, or $0.31 per share, in fourth quarter 2023; full-year 2024 AFFO was $303.8 million, or $1.32 per share Closed $835 million of dispositions in 2024 at a cash cap rate of 7.1% with a weighted average lease term of 4.9 years Reduced net debt by $734 million in 2024, improving Net Debt to Adjusted EBITDA from 8.4x to 7.6x2 Exceeded projected cost synergies, reaching $85.0 million versus the expected $75.0 million, highlighting the Company's successful integration efforts and ability to drive value through strategic initiatives Increased portfolio occupancy from 93% as of the end of first quarter 2024 to 97% as of the end of the fourth quarter of 2024 Leased 1.2 million square feet across the portfolio, resulting in nearly $17.0 million of new straight-line rent Renewal leasing spread of 6.8% with a weighted average lease term of 9.7 years; new leases completed in the quarter had a weighted average lease term of 6.5 years Weighted average annual rent increase of 1.3% provides organic rental growth, excluding 14.8% of the portfolio with CPI linked leases that have historically experienced significantly higher rental increase Sector-leading 61% of annualized straight-line rent comes from investment-grade or implied investment-grade tenants3 Multi-Tenant Portfolio Sale Entered into a binding agreement to sell its multi-tenant portfolio of 100 non-core properties for approximately $1.8 billion This strategic transaction would accelerate GNL's disposition initiative and position the Company for sustained growth and value creation as a pure-play, single-tenant net lease company “We are incredibly proud of our achievements at GNL in 2024 and even more excited about what lies ahead,” stated Michael Weil, CEO of GNL. |
globenewswire.com |
2025-02-27 18:15:00 |
Czytaj oryginał (ang.) |
| Global Net Lease: Asset Sale Reduces Timeline For Dividend Cut |
Global Net Lease has underperformed risk-free Treasuries since its IPO while taking incredible levels of leverage. GNL is now selling a multi-tenant portfolio to reduce debt. We tell you why the old dividend is going to be singing the great 'N Sync hit very soon. |
seekingalpha.com |
2025-02-26 14:38:45 |
Czytaj oryginał (ang.) |
| Global Net Lease Announces Sale of Multi-Tenant Portfolio for Approximately $1.8 Billion |
- Proposed Transaction Accelerates Deleveraging Plan, Net Debt to Adjusted EBITDA Would be Lowered to 6.5x to 7.1x - The Company Announces Opportunistic $300 Million Share Repurchase Program NEW YORK, Feb. 26, 2025 (GLOBE NEWSWIRE) -- Global Net Lease, Inc. ("GNL" or the "Company") today announced that it has entered into a binding agreement to sell its multi-tenant portfolio of 100 non-core properties to a subsidiary of RCG Ventures Holdings, LLC for approximately $1.8 billion (the "multi-tenant portfolio sale") at an 8.4% cash cap rate¹. This transformative transaction would accelerate GNL's deleveraging initiative and position the Company as a pure-play, single-tenant net lease company. |
globenewswire.com |
2025-02-26 08:00:00 |
Czytaj oryginał (ang.) |
| Sell Alert: 2 High Yield Suckers To Avoid |
REITs are offering very high dividend yields right now. Some yield over 10%. But not all glitter is gold. Here are 2 high-yield suckers to avoid. |
seekingalpha.com |
2025-02-24 10:25:00 |
Czytaj oryginał (ang.) |
| Global Net Lease Announces Release Date for Fourth Quarter and Full Year 2024 Results |
NEW YORK, Feb. 07, 2025 (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, 2024 on Thursday, February 27, 2025 after the close of trading on the New York Stock Exchange. The Company will host a conference call and audio webcast on Friday, February 28, 2025, beginning at 11:00 a.m. |
globenewswire.com |
2025-02-07 08:00:00 |
Czytaj oryginał (ang.) |
| Caveat Emptor: Beware Of These 2 Rotten REITs |
Investing in high-quality REITs offers predictable cash flows and strong capital access, but chasing high yields often signals low growth or potential dividend cuts. Global Net Lease faces risks due to weaker capital, high debt, and a history of dividend cuts, making it a poor investment choice. Sachem Capital struggles with non-accrual loans and frequent dividend cuts, suggesting better alternatives like Ladder Capital and Starwood Properties. |
seekingalpha.com |
2025-01-28 09:00:00 |
Czytaj oryginał (ang.) |
| What I Wish I Knew Before Investing In Dividend Stocks |
What I Wish I Knew Before Investing In Dividend Stocks |
seekingalpha.com |
2025-01-24 09:05:00 |
Czytaj oryginał (ang.) |
| Fire And Ice |
US equity markets tumbled this week while benchmark interest rates surged to the cusp of multi-decade highs after a critical slate of employment data showed surprisingly buoyant labor market trends. Prompting a hawkish re-think of Fed policy expectations, inflation worries were further inflamed by surging energy prices amid frigid temperatures across the Central and East, while L.A. battled destructive wildfires. Real estate equities - the most rate-sensitive sector - were significant laggards this week as rate cut expectations soured, with REITs extending their year-end slide into early 2025. |
seekingalpha.com |
2025-01-12 11:00:00 |
Czytaj oryginał (ang.) |
| Global Net Lease Announces $835 Million of Closed Dispositions in 2024 |
GLOBAL NET LEASE ANNOUNCES $835 MILLION OF CLOSED DISPOSITIONS IN 2024 Closed Dispositions Completed at a 7.1% Cash Cap Rate Exceeded High-End of $650 M |
globenewswire.com |
2025-01-08 18:15:00 |
Czytaj oryginał (ang.) |
| Global Net Lease, Inc. Announces Common Stock Dividend for the First Quarter 2025 |
NEW YORK, Jan. 02, 2025 (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 of $0.275 per share of common stock payable on January 16, 2025, to common stockholders of record at the close of business on January 13, 2025. 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. |
globenewswire.com |
2025-01-02 08:00:00 |
Czytaj oryginał (ang.) |
| Global Net Lease: Trailing Net Lease With A 15% Yield |
Real estate sector faces challenges with high interest rates; Global Net Lease struggles despite turnaround efforts. GNL's rapid expansion and high leverage have resulted in underperformance and a significant drop in share value. The company's aggressive disposition strategy aims to reduce debt, but may hurt cash flow and per share metrics. |
seekingalpha.com |
2024-12-26 05:12:03 |
Czytaj oryginał (ang.) |
| Buy The Dip: 2 REITs Getting Way Too Cheap |
Some REITs suffered a dip in recent weeks. As a result, they have become cheap again. We highlight 2 of our favorite buy-the-dip opportunities. |
seekingalpha.com |
2024-12-19 11:00:00 |
Czytaj oryginał (ang.) |
| Global Net Lease, Inc. Announces Preferred Stock Dividends |
NEW YORK, Dec. 19, 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 January 15, 2025, to holders of record of shares of its Series A Preferred Stock at the close of business on January 3, 2025, (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 January 15, 2025 to holders of record of shares of its Series B Preferred Stock at the close of business on January 3, 2025, (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 January 15, 2025 to holders of record of shares of its Series D Preferred Stock at the close of business on January 3, 2025, 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 January 15, 2025 to holders of record of shares of its Series E Preferred Stock at the close of business on January 3, 2025. |
globenewswire.com |
2024-12-19 08:00:00 |
Czytaj oryginał (ang.) |
| Fed Ahead |
Ahead of the Federal Reserve's critical interest rate decision next week, U.S. equity markets snapped a three-week winning streak as benchmark interest rates jumped to the cusp of five-month highs. Lukewarm CPI and PPI inflation reports were "good enough" to solidify another Fed rate cut next week, but "sticky" trends called into question the outlook for continued easing in 2025. After setting a series of fresh record-highs in the prior week, the S&P 500 slipped 0.6% this week, but still remains on pace for its best year since 2019. |
seekingalpha.com |
2024-12-15 11:00:00 |
Czytaj oryginał (ang.) |
| What I Wish I Knew Before Investing In REITs |
I have done well over time, but I could have done even better. I have made many mistakes over the years. I discuss 3 of my biggest regrets as a REIT investor. |
seekingalpha.com |
2024-12-14 11:00:00 |
Czytaj oryginał (ang.) |
| Global Net Lease Announces $620 Million of Closed Dispositions as Part of Strategic Disposition Plan |
- Including Pipeline, Dispositions Total $1.1 Billion at a 7.1% Cash Cap Rate on 5.4 Years of Weighted Average Lease Term NEW YORK, Dec. 12, 2024 (GLOBE NEWSWIRE) -- Global Net Lease, Inc. (NYSE: GNL) (“GNL” or the “Company”) today announced continued progress on its strategic disposition plan. Through December 9, 2024, GNL has closed $620 million of dispositions, and, together with its pipeline of potential asset sales, dispositions currently total $1.1 billion1. |
globenewswire.com |
2024-12-12 08:00:00 |
Czytaj oryginał (ang.) |
| Sell Alert: 3 REITs That Likely Will Cut Their Dividend In 2025 |
Most REITs are well-positioned to grow dividends. But there are exceptions. I highlight three REITs that are at high risk of cutting their dividend. |
seekingalpha.com |
2024-12-10 10:25:00 |
Czytaj oryginał (ang.) |
| My Single Biggest Regret As A REIT Investor |
I have outperformed REIT sector averages over the long run. But I could have done even better. I discuss my #1 biggest mistake I have made as a REIT investor. |
seekingalpha.com |
2024-12-07 10:25:00 |
Czytaj oryginał (ang.) |
| Global Net Lease: How Safe Is The 15% Dividend Yield? |
Global Net Lease's dividend cuts have been significant, dropping from $0.5325 per share in 2020 to $0.275 per share recently. The latest dividend cut followed the internalization of its management, raising concerns about the REIT's stability. The REIT's current annualized cash dividend stands at $1.10 per share annualized, yielding a high of 15.1%. This was covered by fiscal 2024 third quarter AFFO. |
seekingalpha.com |
2024-11-17 13:15:10 |
Czytaj oryginał (ang.) |
| Bellevue Capital Partners Acquires Additional 100,000 Shares of Global Net Lease, Inc. (GNL) |
NEWPORT, R.I.--(BUSINESS WIRE)--Bellevue Capital Partners, one of the largest shareholders of Global Net Lease, Inc. (NYSE: GNL), announces the acquisition of an additional 100,000 shares of GNL. This strategic investment reemphasizes Bellevue Capital Partners' confidence in the company's management and its execution of its previously announced strategic plan. Bellevue Capital Partners is encouraged by GNL's recent communications regarding its strategic disposition plan, which includes the rece. |
businesswire.com |
2024-11-13 08:00:00 |
Czytaj oryginał (ang.) |
| Global Net Lease: Key Takeaways From Q3-2024 |
Global Net Lease has struggled since our last article, underperforming the broader market and the Real Estate Index. Despite what appeared to be positive Q3-2024 results, core issues remain unaddressed. We go over our main takeaways and tell you how we come up with a payout ratio of over 150%. |
seekingalpha.com |
2024-11-11 16:11:58 |
Czytaj oryginał (ang.) |
| The Dark Side Of REIT Investments |
Not everything is perfect in REIT world. On the contrary, this is a sector in which you need to be very selective. Here are 5 types of REITs to avoid at all cost: |
seekingalpha.com |
2024-11-09 10:15:00 |
Czytaj oryginał (ang.) |
| Global Net Lease, Inc. (GNL) Q3 2024 Earnings Call Transcript |
Global Net Lease, Inc. (NYSE:GNL ) Q3 2024 Earnings Conference Call November 7, 2024 11:00 AM ET Company Participants Jordyn Schoenfeld - CPA Michael Weil - CEO Chris Masterson - CFO Conference Call Participants John Kim - BMO Capital Markets Upal Rana - KeyBanc Capital Markets Bryan Maher - B. Riley Securities Mitch Germain - Citizens JMP Michael Gorman - BTG Pactual Barry Oxford - Colliers Operator Welcome to the Global Net Lease, Inc. Third Quarter 2024 Earnings Conference Call. |
seekingalpha.com |
2024-11-07 19:16:09 |
Czytaj oryginał (ang.) |
| Global Net Lease (GNL) Q3 FFO and Revenues Lag Estimates |
Global Net Lease (GNL) came out with quarterly funds from operations (FFO) of $0.32 per share, missing the Zacks Consensus Estimate of $0.33 per share. This compares to FFO of $0.36 per share a year ago. |
zacks.com |
2024-11-06 22:21:04 |
Czytaj oryginał (ang.) |
| Global Net Lease Reports Third Quarter 2024 Results |
- 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 strategically located commercial real estate properties, announced today its financial and operating results for the quarter ended September 30, 2024. Third Quarter 2024 Highlights Revenue was $196.6 million compared to $203.3 million in second quarter 2024, primarily as a result of asset dispositions during the third quarter Net loss attributable to common stockholders was $76.6 million, compared to net loss of $46.6 million in second quarter 2024 Core Funds from Operations (“Core FFO”) was $53.9 million compared to $50.9 million in second quarter 2024 Adjusted Funds from Operations (“AFFO”) was $73.9 million, or $0.32 per share, compared to $76.7 million in second quarter 2024, or $0.33 per share Closed plus disposition pipeline totaled $950.2 million2 at a cash cap rate of 7.1% on occupied assets and a weighted average remaining lease term of 5.1 years; includes $187.5 million of vacant closed plus pipeline dispositions that are expected to reduce annualized operating expenses by over $3 million per year Closed $568.7 million of dispositions through third quarter 2024; plan to use the net proceeds from $371.4 million disposition pipeline to further reduce leverage, keeping us on track with our guidance Reduced net debt by $445 million so far this year, improving Net Debt to Adjusted EBITDA from 8.4x to 8.0x Addressed 100% of the outstanding debt that was set to mature in 2024; no debt maturities through third quarter 2025 Recognized $85 million in cost synergies, significantly surpassing the anticipated $75 million projected at the close of the Merger, underscoring the effectiveness of GNL's integration efforts and highlighting its strong execution capabilities Leased 1.2 million square feet across the portfolio, resulting in nearly $16 million of new straight-line rent Renewal leasing spread of 4.2% with a weighted average lease term of 5.2 years; new leases completed in the quarter had a weighted average lease term of 6.5 years Weighted average annual rent increase of 1.3% provides organic rental growth, excluding 15.3% of the portfolio with CPI-linked leases that have historically experienced significantly higher rental increase Sector-leading 61% of annualized straight-line rent comes from investment-grade or implied investment-grade tenants3 “The third quarter was another successful period for GNL that showcased our steady progress toward achieving key financial objectives established at the beginning of the year,” stated Michael Weil, CEO of GNL. |
globenewswire.com |
2024-11-06 18:15:00 |
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| 5 U.S. REITs Suspend Dividends Amid 2024 Cuts |
Five US real estate investment trusts have suspended dividends so far this year, while six other REITs have lowered regular dividend payouts. The activity contrasts with the more than one-third of the US REIT industry that have raised dividends during the first three quarters of 2024. Shopping center landlord SITE Centers Corp. was the most recent addition to the list of REITs that suspended dividends this year. |
seekingalpha.com |
2024-11-06 04:30:00 |
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| These 15 Stocks Are Among the Top Dividend Payers in the Wilshire 5000 |
Created in 1974, the Wilshire 5000 Index was intended to be a market-weighted index of the combined NYSE, NASDAQ, and American Stock Exchange (since merged with NASDAQ in 1998). |
247wallst.com |
2024-10-30 11:32:32 |
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| 3 REITs That Will Likely Cut Their Dividends |
There is a minority of REITs that are really struggling. Overleverage, conflicts of interest, and risky assets. Here are 3 REITs that are at high risk of cutting their dividend. |
seekingalpha.com |
2024-10-28 10:25:00 |
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| These 15 Stocks Are Among the Top Dividend Payers in the Russell 2000 |
Recognizing that one day “Magnificent 7” stocks like Apple were once small cap stocks (those with market caps between $250 million and $2 billion), FTSE Russell, a subsidiary of the London Stock Exchange, created the Russell 2000 Index. |
247wallst.com |
2024-10-16 13:23:19 |
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