NEW YORK, July 01, 2025 (GLOBE NEWSWIRE) -- Global Net Lease, Inc. (“GNL” or the “Company”) (NYSE: GNL / GNL PRA / GNL PRB / GNL PRD / GNL PRE) announced today that it declared a dividend of $0.190 per share of common stock payable on July 16, 2025, to common stockholders of record at the close of business on July 11, 2025. Dividends authorized by the Company’s board of directors and declared by the Company are paid on a quarterly basis in arrears during the first month following the end of each fiscal quar ...

Corporate Credit Rating Upgraded to BB+; Unsecured Notes Raised to Investment-Grade BBB−NEW YORK, June 30, 2025 (GLOBE NEWSWIRE) -- Global Net Lease, Inc. (NYSE: GNL) ("GNL" or the "Company") announced today that S&P Global has upgraded its corporate credit rating to BB+ from BB following the successful $1.8 billion sale of GNL's multi-tenant portfolio, which enabled a substantial paydown of GNL's debt. S&P also raised its issue-level rating on GNL's unsecured notes to an investment-grade BBB- from BB+. As ...

Core Insights - Global Net Lease, Inc. (GNL) has completed the final phase of its multi-tenant portfolio sale, generating approximately $313 million in gross proceeds, bringing the total to $1.8 billion [1][2] - The sale simplifies GNL's portfolio, transitioning it to a pure-play net lease owner and operator, expected to yield approximately $6.5 million in recurring annual G&A savings [2][3] - The CEO of GNL emphasized that divesting multi-tenant assets has strengthened the company's balance sheet and improved liquidity, with a focus on achieving an investment-grade credit rating [3] Financial Impact - The third phase of the portfolio sale generated $313 million, contributing to a total of $1.8 billion from the entire portfolio sale [1] - GNL plans to use the net proceeds to reduce leverage by paying down the outstanding balance on its Revolving Credit Facility [1] - The transition to a single-tenant net lease model is expected to create significant operational efficiencies and reduce annual capital expenditures [2] Strategic Focus - The completion of the multi-tenant portfolio sale marks GNL's evolution into a pure-play single-tenant net lease company, enhancing operational streamlining and portfolio quality [3] - The company aims to lower its cost of capital and increase financial stability through improved credit ratings [3] - GNL's strategic focus is on acquiring and managing income-producing net lease assets across the U.S. and Europe [4]

- Sale of 28 Properties Generates Approximately $400 Million in Gross Proceeds - Remains On Track to Close Third and Final Phase by End of Q2'25 NEW YORK, June 11, 2025 (GLOBE NEWSWIRE) -- Global Net Lease, Inc. (NYSE: GNL) ("GNL" or the "Company") announced the successful closing of the second phase of the sale of its multi-tenant portfolio to RCG Ventures, LLC on June 10, 2025, including 28 encumbered properties. The second phase generated approximately $400 million in gross proceeds upon closing1. GNL re ...

Core Viewpoint - Global Net Lease, Inc. has appointed Robert Kauffman as Non-Executive Chairperson of its Board of Directors, succeeding Sue Perrotty, who will remain on the Board as an independent director [1][3]. Group 1: Leadership Changes - Robert Kauffman, a Co-Founder and former member of the Board of Directors of Fortress Investment Group, joined the GNL Board in March 2024 [2]. - Michael Weil, CEO of GNL, expressed excitement about Kauffman's appointment, highlighting his active role in strategic initiatives and extensive experience in real estate and capital markets [3]. - Kauffman acknowledged the importance of his new role and emphasized GNL's efforts to streamline its portfolio and enhance financial flexibility [4]. Group 2: Company Overview - Global Net Lease, Inc. is a publicly traded internally managed real estate investment trust focusing on acquiring and managing a global portfolio of income-producing net lease assets across the U.S. and Western and Northern Europe [4].

Property Sales and Dispositions - The company completed the sale of 59 multi-tenant retail properties for approximately $1.780 billion, with the remaining properties expected to close in two additional phases during Q2 2025[220]. - The company has entered into purchase and sale agreements and non-binding letters of intent totaling $188.8 million for property dispositions[268]. - During the three months ended March 31, 2025, the company sold 16 properties for an aggregate contract price of $24.1 million[271]. - Subsequent to March 31, 2025, the company disposed of 46 properties for an aggregate price of $96.3 million[273]. Financial Performance - For the three months ended March 31, 2025, the net loss attributable to common stockholders was $200.3 million, compared to $34.7 million for the same period in 2024[229]. - Total consolidated revenue from tenants for Q1 2025 was $132.4 million, down from $147.9 million in Q1 2024, primarily due to revenue losses from dispositions[230]. - Revenue from the Industrial & Distribution segment decreased to $58.0 million in Q1 2025 from $62.0 million in Q1 2024, attributed to a loss of approximately $3.9 million from property dispositions[231]. - Revenue from the Retail segment fell to $37.0 million in Q1 2025 from $42.6 million in Q1 2024, primarily due to a loss of approximately $4.8 million from dispositions[232]. - The Office segment saw an increase in revenue to $37.4 million in Q1 2025 from $35.1 million in Q1 2024, driven by higher revenue from properties owned in both periods[234]. Operating Expenses - Total consolidated property operating expenses for Q1 2025 were $13.9 million, down from $17.8 million in Q1 2024[235]. - Property operating expenses in the Industrial & Distribution segment increased to $5.3 million in Q1 2025 from $4.6 million in Q1 2024, while Retail segment expenses decreased to $3.9 million from $5.1 million[236][237]. - General and administrative expenses increased to $16.2 million for the three months ended March 31, 2025, up from $14.7 million in the same period of 2024[242]. - Equity-based compensation expense rose to $3.1 million for the three months ended March 31, 2025, compared to $2.0 million for the same period in 2024[243]. Impairment Charges - The company recorded an impairment charge of approximately $60.3 million for 69 properties during the three months ended March 31, 2025[239]. - The company incurred impairment charges of $60,315 thousand in Q1 2025, significantly higher than the $4,327 thousand recorded in Q1 2024[299]. Cash Flow and Financing Activities - The company reported a net cash provided by operating activities of $59.2 million for the three months ended March 31, 2025, compared to $92.2 million in 2024[261][262]. - Net cash provided by investing activities was $900.7 million for the three months ended March 31, 2025, primarily from net proceeds of $910.5 million from property dispositions[263]. - Net cash used in financing activities was $975.6 million for the three months ended March 31, 2025, resulting from net paydowns of borrowings and dividend payments[265]. - The company had outstanding borrowings under its Revolving Credit Facility of $547.4 million as of March 31, 2025, down from $1.4 billion as of December 31, 2024[282]. Debt and Leverage - As of March 31, 2025, total gross debt outstanding was $3.9 billion, with a weighted-average interest rate of 4.4%[276]. - The debt leverage ratio was 62.3% as of March 31, 2025[278]. - Interest expense decreased to $53.4 million for the three months ended March 31, 2025, down from $64.6 million in 2024, attributed to lower gross debt outstanding of $3.4 billion[249]. Dividend Information - The Board approved a reduction in the Common Stock dividend rate to an annual rate of $0.76 per share, effective from April 2025, down from $1.10 per share[305]. - Total dividends paid to common stockholders for Q1 2025 amounted to $63,942 thousand, with cash flows from operations contributing $59,167 thousand, representing 79.0% of the total[311]. - Cash generated from operations covered 79% of dividends paid during the three months ended March 31, 2025[268]. REIT Status and Taxation - The company elected to be taxed as a REIT effective for the taxable year ended December 31, 2013[313]. - To maintain REIT status, the company must distribute at least 90% of its REIT taxable income annually[313]. - The company is not subject to federal corporate income tax on distributed REIT taxable income if it continues to qualify as a REIT[313]. - The company may still be subject to certain state and local taxes on its income and properties[313]. - The company must comply with various organizational and operational requirements to maintain REIT status[313].

Global Net Lease (GNL) Q1 2025 Earnings Call May 08, 2025 11:00 AM ET Company Participants Jordyn Schoenfeld - SVP - IRMichael Weil - CEO, President & DirectorChristopher Masterson - Chief Financial OfficerJohn Kim - Managing Director - US Real EstateMitch Germain - MD - Real Estate ResearchMichael Gorman - Managing Director Conference Call Participants Upal Rana - Senior Equity Research Analyst - US REITs Operator Ladies and gentlemen, greetings, and welcome to Global Net Lease, Inc. First Quarter twenty ...

Global Net Lease (GNL) Q1 2025 Earnings Call May 08, 2025 11:00 AM ET Speaker0 Ladies and gentlemen, greetings, and welcome to Global Net Lease, Inc. First Quarter twenty twenty five Earnings Conference Call. At this time, all participants are in a listen only mode. A brief question and answer session will follow the formal presentation. As a reminder, this conference is being recorded. It is now my pleasure to introduce your host, Jordan Schonfeld, Senior Vice President of Investor Relations. Please go ahe ...

Global Net Lease First Quarter 2025 Investor Presentation Pictured – McLaren Campus in Woking, U.K. FORWARD LOOKING STATEMENTS This presentation contains statements that are not historical facts and may be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding the timing, ability to consummate and consideration related to our anticipated acquisitions and dispositions (including the proposed closing of the encumbered properties po ...

Global Net Lease, Inc. Supplemental Information Quarter ended March 31, 2025 (unaudited) Global Net Lease, Inc. Supplemental Information Quarter ended March 31, 2025 (Unaudited) Table of Contents | Item | Page | | --- | --- | | Non-GAAP Definitions | 4 | | Key Metrics | 6 | | Consolidated Balance Sheets | 7 | | Consolidated Statements of Operations | 8 | | Non-GAAP Measures | 9 | | Debt Overview | 11 | | Future Minimum Lease Rents | 12 | | Top Twenty Tenants | 13 | | Diversification by Property Type | 14 | ...