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.

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Global Net Lease (GNL) reported Q1 2024 FFO of $0.25 per share, missing the $0.31 estimate, and sales of $206.045M, slightly below the $206.982M estimate. This represents a 16.67% decrease in earnings per share and a 118.43% increase in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 8:28 pm

JMP Securities analyst Mitch Germain has reiterated a 'Market Perform' rating on Global Net Lease (GNL), indicating a neutral outlook on the company's stock.

Portfolio Pulse from Benzinga Newsdesk

April 19, 2024 | 3:42 pm

JMP Securities analyst Mitch Germain has reiterated a 'Market Perform' rating on Global Net Lease (GNL), indicating a neutral outlook on the company's stock.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 3:14 pm

Global Net Lease (GNL) announced the closure or agreement of dispositions totaling $462M as part of its strategic disposition plan as of April 15, 2024. This move is aimed at optimizing the company's asset portfolio and improving financial flexibility.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 10:04 am

Global Net Lease (GNL) has announced the immediate appointment of Edward M. Weil as the company's President, according to a recent SEC filing.

Portfolio Pulse from Benzinga Newsdesk

April 12, 2024 | 8:21 pm

REIT shares are trading lower due to rising Treasury yields, triggered by March inflation data exceeding expectations.

Portfolio Pulse from Benzinga Newsdesk

April 10, 2024 | 1:57 pm

Truist Securities analyst Anthony Hau initiates coverage on Global Net Lease (GNL) with a Hold rating and sets a price target of $7.

Portfolio Pulse from Benzinga Newsdesk

March 28, 2024 | 11:23 am

BTIG analyst Michael Gorman downgraded Global Net Lease (GNL) from Buy to Neutral, indicating a shift in the firm's outlook on the stock.

Portfolio Pulse from Benzinga Newsdesk

March 08, 2024 | 2:06 pm

James L. Nelson, President and Co-CEO of Global Net Lease (GNL), announced his resignation effective around March 31. Edward M. Weil, Jr. will assume the role of sole CEO following Nelson's departure.

Portfolio Pulse from Charles Gross

March 04, 2024 | 10:27 pm

GNL projects its 2024 Adjusted Funds From Operations (AFFO) to be in the range of $1.30 to $1.40.

Portfolio Pulse from Benzinga Newsdesk

February 27, 2024 | 10:04 pm

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