Streetbeat News

GNL

Global Net Lease, Inc.

https://www.globalnetlease.com

Industry

REIT - Diversified

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.

Open

7.25

Mkt cap

1.7B

Volume

705K

High

7.31

P/E Ratio

-9.37

52-wk high

10.19

Low

7.17

Div yield

0.20

52-wk low

6.52

Global Net Lease (GNL) has announced that it has closed nearly $569 million in property dispositions through Q3 2024, with total dispositions, including its pipeline, reaching $870 million.

Portfolio Pulse from Benzinga Newsdesk

October 09, 2024 | 10:01 am

Bellevue Capital Partners has acquired an additional 100,000 shares of Global Net Lease (GNL), expressing satisfaction with GNL's strategic asset disposition plan, which includes $854 million in asset sales at a 7.2% cap rate.

Portfolio Pulse from Benzinga Newsdesk

October 03, 2024 | 11:03 am

Global Net Lease has announced the sale of two properties: The Plant Shopping Center in San Jose, California for $95 million and the Foster Wheeler office property in Shinfield Park, Reading, UK for over $27 million.

Portfolio Pulse from Benzinga Newsdesk

September 04, 2024 | 10:02 am

Truist Securities has maintained a Hold rating on Global Net Lease (NYSE:GNL) while raising the price target from $8 to $8.5.

Portfolio Pulse from Benzinga Newsdesk

August 21, 2024 | 1:51 pm

B. Riley Securities has maintained its Buy rating on Global Net Lease (NYSE:GNL) but has lowered the price target from $11 to $10.

Portfolio Pulse from Benzinga Newsdesk

August 12, 2024 | 4:06 pm

Global Net Lease (GNL) has reaffirmed its 2024 AFFO per share guidance range of $1.30 - $1.40 and its net debt to adjusted EBITDA range of 7.4x - 7.8x.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 9:25 pm

Global Net Lease (GNL) has raised its 2024 closed disposition guidance from $400 million - $600 million to $650 million - $800 million.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 9:24 pm

Global Net Lease (NYSE:GNL) reported Q2 2024 earnings of $0.22 per share, missing the analyst estimate of $0.33 by 33.33%. Sales were $203.286 million, missing the $205.650 million estimate by 1.15%. Despite the misses, sales increased by 112.10% year-over-year.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 8:30 pm

BMO Capital analyst John Kim maintains an Outperform rating on Global Net Lease (NYSE:GNL) and keeps the price target at $11.

Portfolio Pulse from Benzinga Newsdesk

June 28, 2024 | 9:20 am

Global Net Lease, Inc. (NYSE:GNL) has sold a portfolio of nine cold storage properties leased to Americold Realty Trust, Inc. (NYSE:COLD) for $170 million. The sale aligns with GNL's strategic disposition initiative and 2024 guidance, and the proceeds will be used to reduce debt.

Portfolio Pulse from Benzinga Newsdesk

June 27, 2024 | 10:05 am

All corporate logos and prices are for illustrative purposes only and are not a recommendation, an offer to sell, or a solicitation of an offer to buy any security.