Global Net Lease
About: Global Net Lease Inc is a real estate investment trust that manages a globally diversified portfolio of commercial real estate properties. The company is engaged in the ownership, management, operating, lease, acquisition, investment, and sale of the portfolio assets. Its segments include Industrial & Distribution; Multi-Tenant Retail; Single-Tenant Retail; and office. The company derives maximum revenue from industrial and distribution segment. The company geographically operates in Unites States, United Kingdom, Canada and Europe.
Employees: 73
0
Funds holding %
of 7,372 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q4 regulatory filings by fund managers ($100M+ AUM)
21% more first-time investments, than exits
New positions opened: 46 | Existing positions closed: 38
3.24% more ownership
Funds ownership: 60.89% [Q3] → 64.13% (+3.24%) [Q4]
3% more repeat investments, than reductions
Existing positions increased: 110 | Existing positions reduced: 107
1% more funds holding
Funds holding: 310 [Q3] → 312 (+2) [Q4]
10% less capital invested
Capital invested by funds: $1.18B [Q3] → $1.06B (-$118M) [Q4]
83% less call options, than puts
Call options by funds: $543K | Put options by funds: $3.21M
Research analyst outlook
2 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$9
14%
upside
Avg. target
$9
14%
upside
High target
$9
14%
upside
2 analyst ratings
2 positive
100%
0 neutral
0%
0 negative
0%
Citizens Capital Markets Mitch Germain 74% 1-year accuracy 31 / 42 met price target | 14%upside $9 | Market Outperform Reiterated | 5 Mar 2025 |
JMP Securities Mitch Germain 74% 1-year accuracy 31 / 42 met price target | 14%upside $9 | Market Outperform Upgraded | 17 Dec 2024 |
Financial journalist opinion
Based on 8 articles about GNL published over the past 30 days
Neutral
GlobeNewsWire
1 day ago
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.
Positive
Seeking Alpha
1 week ago
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.
Neutral
Seeking Alpha
1 week ago
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.
Neutral
GlobeNewsWire
1 week ago
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.
Neutral
GlobeNewsWire
1 week ago
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.
Neutral
Seeking Alpha
2 weeks ago
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.
Neutral
GlobeNewsWire
2 weeks ago
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.
Negative
Seeking Alpha
2 weeks ago
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.
Neutral
GlobeNewsWire
1 month ago
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.
Negative
Seeking Alpha
1 month ago
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.
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