Global Net Lease

Global Net Lease, Inc. engages in the as a real estate investment services. It is focuses 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 U.S., Western, and Northern Europe. The company was founded on July 13, 2011 and is headquartered in New York, NY.

Earnings data Q1 2021

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Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

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Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Global Net Lease (GNL) excels in 2022, faces financing challenges

Global Net Lease (GNL) delivered a strong financial performance in 2022, driven by high occupancy rates, successful lease renewals, and strategic acquisitions.
While facing challenges from rising interest rates and market uncertainties, GNL's focus on industrial properties and financial stability positions it well for future growth.
To capitalize on opportunities, GNL should continue its strategic approach to property investments, lease management, and financial planning.

Global Net Lease (GNL) reports strong Q1 performance and strategic acquisitions

Global Net Lease (GNL) demonstrated strong operational performance in Q1 2023 with a focus on acquisitions and leasing activities.
Despite facing a net loss, the company's high portfolio occupancy and dividend distribution reflect its commitment to shareholder value.
GNL's strategic approach to acquisitions and renewals positions it well for future growth and value creation.

Global Net Lease (GNL) reports robust Q2 earnings and strategic portfolio moves

Global Net Lease (GNL) delivered a solid performance in Q2 2023, driven by strong leasing activity and high occupancy levels across its portfolio.
With a focus on quality tenants and strategic portfolio optimization, GNL showcased resilience and positioned itself for future growth opportunities.
While facing integration challenges from the proposed merger and operational hurdles, GNL's emphasis on stability and value creation underpins its long-term prospects.

Global Net Lease (GNL) reports mixed Q3 results, eyes growth opportunities

Global Net Lease (GNL) delivered mixed financial results in Q3 2023, with strong revenue but a net loss. Despite challenges in occupancy optimization, the company remains focused on reducing debt, increasing NOI, and pursuing growth opportunities.

Global Net Lease (GNL) focuses on deleveraging and maximizing value

Global Net Lease (GNL) is strategically positioned to execute its 2024 plan, emphasizing leverage reduction and shareholder value maximization.
The company's strong asset management capabilities and focus on quality tenants provide a solid foundation for financial performance.
GNL faces challenges in debt management and market dynamics but has opportunities to drive value through strategic dispositions and debt reduction.

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Global Net Lease, Inc. is involved in real estate investment, acquiring a diversified global portfolio of commercial properties. It operates through the following segments: Industrial and Distribution, Multi-Tenant Retail, Single-Tenant Retail, and Office. The company was founded on July 13, 2011, and is headquartered in New York, NY.

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Mid-America Apartment Communities

REITs have experienced a significant drop in value due to rising interest rates and inflation. However, with inflation under control and interest rates expected to stabilize or decrease, REITs are poised for a surge. A list of 28 undervalued REITs with a yield of 5% or better is provided, along with 10 additional REITs to consider.

Buried Treasures: 10 Dramatically Undervalued REITs Yielding Over 5%

Global Net Lease reported a book value of $2.8 billion for its fiscal 2023 third quarter, with its shares now trading at a 33% discount to book value. GNL's forward dividend yield of 17.5% is at risk due to tight 101.7% coverage from third-quarter AFFO which only included a few weeks of financials from Necessity Retail. A 50% discount to its peer group FFO multiple could remain sticky until the REIT can show it can better cover its dividend.

Global Net Lease: Deep Value But Dividend Could Be At Risk

Global Net Lease, Inc. (NYSE:GNL ) Q3 2023 Earnings Call Transcript November 8, 2023 1:00 PM ET Company Participants Jordyn Schoenfeld - Associate at Global Net Lease Mike Weil - Co-CEO Chris Masterson - Chief Financial Officer Conference Call Participants Bryan Maher - B. Riley FBR Mitch Germain - JMP Securities Todd Thomas - KeyBanc Barry Oxford - Colliers Operator Good afternoon, and welcome to the Global Net Lease Third Quarter 2023 Earnings Conference Call.

Global Net Lease, Inc. (GNL) Q3 2023 Earnings Call Transcript

Closed Transformational Merger and Internalization Creating Third Largest Publicly Listed Net Lease REIT with a Global Presence Exceeded Initial Synergy Estimate of $54 Million by $2 Million Based on 19 days of Lower Than Expected G&A Expenses 1 Third Quarter Results Reflect Only 19 Days of Results Post Completion of the Merger and Internalization Leased Over 1.8 Million Square Feet in the Third Quarter, $17 Million of Net New Straight-Line Rent Continued Leasing Momentum with a Renewal Spread of 5% Across the Portfolio Third Quarter Liquidity of $319.4 million

Global Net Lease Reports Third Quarter 2023 Results

JPMorgan BetaBuilders MSCI US REIT ETF

Principal Real Estate Active Opportunities ETF

Dimensional US Real Estate ETF

Dimensional Global Real Estate ETF

Diversified Healthcare Trust

iShares Environmentally Aware Real Estate ETF

Fidelity MSCI Real Estate ETF

First Trust S&P REIT Index Fund

Goldman Sachs Future Real Estate And Infrastructure Equity ETF

Home Appreciation US REIT ETF

iShares Cohen & Steers REIT ETF

Industrial Logistics Properties

Pacer Benchmark Industrial Real Estate SCTR ETF

iShares U.S. Real Estate ETF

JPMorgan Realty Income ETF

Janus Henderson U.S. Real Estate ETF

NETLease Corporate Real Estate ETF

Nuveen Short-Term REIT ETF

Office Properties Income Trust

US Diversified Real Estate ETF

Invesco Active US Real Estate

Power REIT

ALPS Active REIT ETF

REITs averaged a -7.14% total return in September and have fallen into the red year to date. Small cap REITs (-6.51%) outperformed yet again in September. Micro caps (-10.45%) continue to severely underperform their larger REIT peers. Only 9.74% of REIT securities had a positive total return in September with 34.38% in the black year to date.

The State Of REITs: October 2023 Edition

American Tower

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Extra Space Storage

Regency Centers

Rexford Industrial Realty

iStar Inc

Sun Communities

Vici Properties

Vanguard Real Estate ETF

REITs have been experiencing a prolonged period of decline, with some portfolios down 64% from their early 2022 highs. The variations in price movements among different REITs are worth probing to find opportunities. The number of candidates for high upside from here has roughly doubled recently, but the number of quality opportunities has increased much less.

New Opportunities Amidst Crashing REITs

EPR Properties

Granite Point Mortgage Trust

Make no bones about it (pun intended), some REITs are downright spooky these days. Especially considering the unprecedented amount of central bank intervention that drove markets over the past decade plus. REIT valuations are now back to levels last seen 7–10 years ago, and the REIT sector is screaming (pun intended) attractive.

Trick Or Treat: 3 Spooky REITs

NEW YORK , Oct. 12, 2023 /PRNewswire/ -- Global Net Lease, Inc. (NYSE: GNL) ("GNL" or the "Company") announced today it will release its financial results for the third quarter ended September 30, 2023 on Tuesday, November 7, 2023 after the close of trading on the New York Stock Exchange. The Company will host a conference call and audio webcast on Wednesday, November 8, 2023, beginning at 1:00 p.m.

GLOBAL NET LEASE ANNOUNCES RELEASE DATE FOR THIRD QUARTER 2023 RESULTS

Annaly Capital

The stock market is experiencing significant volatility. The increase in job openings fueled concerns about a tight labor market and the potential for the Federal Reserve to maintain high interest rates. Investors should be cautious and avoid stocks with high dividend yields that may be too good to be true as they often indicate underlying issues with the company's fundamentals.

I Love REIT Treats, But Avoid These 'Sucker Yields,' Charlie Brown

Global Net Lease's merger with Necessity Retail REIT and internalization of management could reverse years of underperformance and discount to peers. The merger comes during a difficult time for REITs, with stock market conditions and high base rates impacting GNL's performance. The merger creates a more diversified REIT with a larger portfolio and broad geographic exposure, but the effects may take time to be seen.

Global Net Lease: A More Diversified 15.6% Common Equity Dividend

NEW YORK , Oct. 2, 2023 /PRNewswire/ -- Global Net Lease, Inc. ("GNL") (NYSE: GNL / GNL PRA / GNL PRB / GNL PRD / GNL PRE) announced today that it declared a dividend on its outstanding common stock for the quarter ended December 31, 2023. The dividend is equal to $0.354 per share of common stock payable on October 16, 2023, to common stockholders of record at the close of business on October 12, 2023.

Global Net Lease, Inc. Announces Common Stock Dividend for the Fourth Quarter 2023

Blackstone Group

Digital Realty Trust

SL Green Realty

W. P. Carey

REITs are offering a historic opportunity. You could profit from them by buying an ETF or individual REITs. I present 5 reasons why I won't buy a REIT ETF.

Why I Won't Buy REIT ETFs

Necessity Retail REIT

Establishes Third-Largest Net Lease REIT With Global Presence NEW YORK , Sept. 12, 2023 /PRNewswire/ -- Global Net Lease Inc. (NYSE: GNL) ("Global Net Lease" or "GNL") and The Necessity Retail REIT Inc. (NASDAQ: RTL) ("Necessity Retail REIT" or "RTL") announced today that they have completed the previously announced merger between GNL and RTL, including the internalization of both GNL's and RTL's advisory and property management functions.

GLOBAL NET LEASE AND THE NECESSITY RETAIL REIT COMPLETE MERGER AND INTERNALIZATION TRANSACTION

Preliminary Results Indicate Stockholders Approved Merger and Internalization with GNL Transaction Expected to Close on September 12, 2023 NEW YORK , Sept. 8, 2023 /PRNewswire/ -- The Necessity Retail REIT, Inc. (Nasdaq: RTL/ RTLPP / RTLPO) ("RTL" or "the Company") announced today that it held a previously announced Special Meeting of Stockholders.

The Necessity Retail REIT Announces Special Stockholder Meeting Preliminary Results

Preliminary Results Indicate Stockholders Approved Proposals Involving Merger and Internalization Transaction Transaction Expected to Close on September 12, 2023 NEW YORK , Sept. 8, 2023 /PRNewswire/ -- Global Net Lease, Inc. ("GNL" or "the Company") (NYSE: GNL/ GNL PRA / GNL PRB) announced today that it held a previously announced Special Meeting of Stockholders.

Global Net Lease, Inc. Announces Special Stockholder Meeting Preliminary Results

AGNC Investment

Warren Buffett's long-term investment strategy has helped him achieve a 4,200,000% return on Berkshire Hathaway's Class A shares. The REIT sector has faced challenges, but there are reasons to be optimistic, including major acquisitions, narrowing spreads between public and private real estate markets, and strong REIT balance sheets. Investors should carefully consider their opinions and not be swayed by negativity or unchecked positivity when evaluating REITs like Global Net Lease, EPR Properties, and AGNC Investment Corp.

Reaching For Yield Is Very Dumb, But It's Human

Orange Capital Agrees that the Proposed Internalization Consideration is Within the Range of Precedent Transactions NEW YORK , Sept. 6, 2023 /PRNewswire/ -- Orange Capital Ventures, LP ("Orange Capital") announced today its intention to vote in favor of the proposed internalization and merger transaction after reaching out to management, performing a thorough review of Global Net Lease, Inc's (NYSE: GNL) ("GNL" or "Company") presentation filed on August 28, 2023, and its related joint proxy materials, participating in the investor call hosted on September 5, 2023 and entering into a confidential agreement with the Company's advisor (the "Advisor") and the Company following discussions with its management.

Orange Capital to Vote FOR the Merger and Internalization Transaction at the GNL Special Meeting

Both ISS and Glass Lewis recommend GNL shareholders vote AGAINST the proposed value-destructive merger of GNL and RTL NEW YORK , Sept. 5, 2023 /PRNewswire/ -- Orange Capital Ventures, LP ("Orange Capital"), a New York-based investment firm, today announced its continued opposition to the proposed merger of Global Net Lease, Inc. (NYSE: GNL) ("GNL" or the "Company") and the Necessity Retail REIT, Inc. (Nasdaq: RTL) ("RTL") (the "Merger").

Orange Capital Issues Statement and Releases KEY Questions in Advance of Today's GNL Management Call

NEW YORK--(BUSINESS WIRE)--Blackwells Capital LLC (together with its affiliates, “Blackwells”), an alternative investment management firm that is a shareholder of both Global Net Lease, Inc. (NYSE: GNL) (“GNL”) and The Necessity Retail REIT, Inc. (NASDAQ: RTL) (“RTL”), today reiterated its support for the companies' proposed combination. Jason Aintabi, Chief Investment Officer of Blackwells, commented: “Blackwells spent the last year engaging with GNL and RTL to secure various enhancements, inc.

Blackwells Capital Reiterates Support for the Combination of Global Net Lease and The Necessity Retail REIT

ISS Acknowledges Error in Their Original Analysis; Issues Corrected Report on the GNL Merger and Internalization  NEW YORK , Sept. 5, 2023 /PRNewswire/ -- Global Net Lease, Inc. (NYSE: GNL) ("Global Net Lease", "GNL" or the "Company") announced today that it will host a conference call and webcast on Tuesday, September 5, 2023, at 2:30pm ET to discuss the benefits and industrial logic of the proposed merger between GNL and The Necessity Retail REIT, Inc. (NASDAQ: RTL) ("Necessity Retail REIT" or "RTL") and the immediate internalization of both GNL's and RTL's current advisory and property management functions as a part of the proposed transaction.

GLOBAL NET LEASE TO HOST CONFERENCE CALL AND Q&A TO DISCUSS BENEFITS OF MERGER AND INTERNALIZATION TRANSACTION

To be Effective Upon Completion of Merger and Internalization with Necessity Retail REIT, Inc. Increases Credit Facility to $1.95 Billion NEW YORK , Aug. 31, 2023 /PRNewswire/ -- Global Net Lease, Inc. ("GNL" or "the Company") (NYSE: GNL/ GNL PRA / GNL PRB) announced today that a consortium of banks have provided an indicative commitment to KeyBank National Association, in its capacity as lead arranger and administrative agent under a confidential mandate letter executed in favor of the Company, to provide funding for a $500 million expansion of GNL's credit facility to facilitate the proposed merger with The Necessity Retail REIT, Inc. ("RTL") and the simultaneous internalization of management, subject to satisfaction or waiver of customary closing conditions (the "Closing Conditions") including the closing of the merger and internalization. The accordion feature will be available upon the satisfaction of such Closing Conditions.

Global Net Lease, Inc. Announces $500 Million Credit Facility Accordion

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Great Ajax

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Prologis

Public Storage

Ready Capital Corp

Ryman Hospitality Properties

Rithm Property Trust Inc

Uniti Group

Welltower

Rates Up, REITs Down. Commercial and residential real estate markets remain an easy transmission mechanism - or "punching bag" - of the Federal Reserve's historically swift monetary tightening cycle. Higher For Longer? The business models of many private equity funds and non-traded REITs were not designed for a period of sustained 5%+ rates or double-digit declines in property values. "Hope" is the only strategy for some highly-levered property owners amid a dearth of buying interest and dwindling refinancing options. CRE transactions and capital market activity has dipped to GFC-era-lows.

REITs Are Historically Cheap

Highlights Efficiencies, Scale and Significant Governance Overhauls  Nominated Directors of GNL and RTL Were Re-Elected by Shareholders Following the Merger Announcement with 85% GNL Shareholder Participation and 75% RTL Shareholder Participation in 2023 Annual Meeting  Boards Recommend Stockholders to Vote "FOR" proposals at Special Meetings on September 8, 2023 NEW YORK , Aug. 28, 2023 /PRNewswire/ -- Global Net Lease Inc. (NYSE: GNL) ("Global Net Lease" or "GNL") and The Necessity Retail REIT Inc. (NASDAQ: RTL) ("Necessity Retail REIT" or "RTL") today released an investor presentation highlighting the significant benefits of the proposed merger between GNL and RTL, and the ensuing elimination of their respective external management agreements. The presentation has been filed with the Securities and Exchange Commission and is available in the investor relations sections of GNL's and RTL's websites.

Global Net Lease and Necessity Retail REIT Release Presentation Detailing Benefits of Merger

CTO Realty Growth

Gladstone Commercial

One Liberty Properties

REITs trade more like bonds than stocks, so they tend to hold up well in recessions. Their dividends come back in vogue as easy money dries up.

The 10% Yielding Real Estate Portfolio

News for Global Net Lease Stock (GNL)