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

8.03

Mkt cap

1.9B

Volume

864K

High

8.26

P/E Ratio

-10.82

52-wk high

9.11

Low

8.03

Div yield

0.13

52-wk low

6.52

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

Global Net Lease, Inc. (NYSE:GNL) announced quarterly dividends on its preferred stock, including Series A, B, D, and E, payable on July 15, 2024, to holders of record on July 5, 2024.

Portfolio Pulse from Benzinga Newsdesk

June 20, 2024 | 10:17 am

JMP Securities analyst Mitch Germain has reiterated a Market Perform rating on Global Net Lease (NYSE:GNL).

Portfolio Pulse from Benzinga Newsdesk

June 12, 2024 | 3:31 pm

Global Net Lease (GNL) has affirmed its forecast for Fiscal Year 2024 Adjusted Funds From Operations (AFFO) to be in the range of $1.30 to $1.40 per share, which is above the estimated $1.27 per share.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 9:22 pm

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

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