Global Net Lease Raises 2024 Closed Disposition Guidance From $400M - $600M To $650M - $800M
Portfolio Pulse from Benzinga Newsdesk
Global Net Lease (GNL) has raised its 2024 closed disposition guidance from $400 million - $600 million to $650 million - $800 million.
August 06, 2024 | 9:24 pm
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Global Net Lease (GNL) has increased its 2024 closed disposition guidance to a range of $650 million to $800 million, up from the previous range of $400 million to $600 million.
The increase in disposition guidance suggests that GNL expects higher asset sales, which could improve liquidity and financial flexibility. This is likely to be viewed positively by investors, potentially driving the stock price up in the short term.
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