- Successfully Closed First Phase of Multi-Tenant Portfolio Sale Resulting in $1.1 Billion of Gross Proceeds; On Track to Close Remaining Multi-Tenant Portfolio Sale by End of Q2’25 - Reduced Net Debt by $833 Million in Q1’25; Improved Net Debt to Adjusted EBITDA to 6.7x - Repurchased 7.9 Million Shares at a Weighted Average Price of $7.50 Totaling $59 Million as of May 2, 2025 - Reaffirms 2025 Guidance NEW YORK, May 07, 2025 (GLOBE NEWSWIRE) -- Global Net Lease, Inc. (NYSE: GNL) (“GNL” or the “Company”), a ...

Core Viewpoint - Global Net Lease, Inc. (GNL) is set to release its financial results for the first quarter of 2025 on May 7, 2025, after market close [1] Group 1: Financial Results Announcement - The financial results for the first quarter ended March 31, 2025, will be announced on May 7, 2025 [1] - A conference call will be held on May 8, 2025, at 11:00 a.m. ET to discuss the results and business performance [2] Group 2: Conference Call Details - The conference call will be conducted by GNL's management team, followed by a question-and-answer session [2] - Dial-in instructions for the live call and replay are provided, with a toll-free domestic number of 1-877-407-0792 and an international number of 1-201-689-8263 [3][4] Group 3: Company Overview - Global Net Lease, Inc. is a publicly traded real estate investment trust (REIT) listed on the NYSE, focusing on acquiring and managing income-producing net lease assets globally [5]

Core Viewpoint - Global Net Lease, Inc. has received a notice from the Government Services Administration revoking its previous termination notice, allowing the existing lease agreement to remain in effect [1]. Company Overview - Global Net Lease, Inc. is a publicly traded real estate investment trust listed on the NYSE, focusing on acquiring and managing a global portfolio of income-producing net lease assets across the United States, United Kingdom, and Western and Northern Europe [3]. Relationship with GSA - The company expressed gratitude towards the GSA for being a valued partner and looks forward to maintaining a strong relationship in the future [2].

Company Overview - Global Net Lease, Inc. is a publicly traded real estate investment trust listed on the NYSE, focusing on acquiring and managing a global portfolio of income-producing net lease assets across the United States, and Western and Northern Europe [3] Dividend Announcement - The Company declared a dividend of $0.190 per share of common stock, payable on April 16, 2025, to common stockholders of record at the close of business on April 11, 2025 [1] - Dividends are authorized by the Company's board of directors and are paid on a quarterly basis in arrears during the first month following the end of each fiscal quarter [2]

NEW YORK, April 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 April 16, 2025, to common stockholders of record at the close of business on April 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 q ...

Transformative Transaction Significantly Expands RCG's Portfolio, Positioning the Firm as a Leading Institutional Owner-Operator of Retail Shopping Centers Across the U.S. ATLANTA, March 26, 2025 /PRNewswire/ -- RCG Ventures, LLC ("RCG" or the "Firm"), the vertically-integrated retail real estate investment arm of Argonne Capital Group ("Argonne Capital") that specializes in the acquisition, development, leasing, management and financing of multi-tenant real estate assets, today announced the approximately ...

Core Viewpoint - Global Net Lease, Inc. has successfully closed the first phase of the sale of its multi-tenant portfolio, generating approximately $1.1 billion in gross proceeds [1][2][3] Group 1: Sale Details - The first phase includes 59 unencumbered properties, with the company expecting to complete the sale of 41 encumbered properties in two additional phases by the end of Q2 2025 [1][2] - The net proceeds from the sale will be used to significantly reduce leverage and pay down the outstanding balance on the company's Revolving Credit Facility [2] Group 2: Management Commentary - The CEO of GNL expressed satisfaction with the progress of the sale, highlighting that the closing of the unencumbered portfolio reflects disciplined execution of their strategic plan [3] - This milestone is seen as a significant step towards enhancing the company's capital structure, lowering the cost of capital, and providing financial flexibility for long-term growth [3] Group 3: Company Overview - Global Net Lease, Inc. is a publicly traded internally managed real estate investment trust focused on acquiring and managing a global portfolio of income-producing net lease assets across the U.S. and Europe [4]

NEW YORK, March 12, 2025 (GLOBE NEWSWIRE) -- Global Net Lease, Inc. (NYSE: GNL) ("GNL" or the "Company") announced the appointment of Leon C. Richardson to its Board of Directors, effective March 7, 2025. Mr. Richardson is the founder, President and Chief Executive Officer of The Chemico Group, one of the largest minority-owned chemical management and distribution companies in the United States. Mr. Richardson has guided the business he founded more than 35 years ago into an internationally recognized playe ...

Financial Data and Key Metrics Changes - In 2024, the company achieved $835 million in dispositions, surpassing the revised guidance range of $650 million to $800 million, and reducing net debt by $734 million, lowering the net debt to adjusted EBITDA ratio from 8.4 times to 7.6 times [5][6][19] - The fourth quarter of 2024 recorded revenue of $199.1 million and a net loss attributable to common stockholders of $17.5 million, compared to $206.7 million and $59.5 million in the fourth quarter of 2023 [17] - AFFO for the fourth quarter of 2024 was $78.3 million or $0.34 per share, an increase from $71.7 million or $0.31 per share in the same quarter of 2023 [17][18] Business Line Data and Key Metrics Changes - The company raised occupancy rates from 93% at the end of Q1 2024 to 97% by the end of Q4 2024, reflecting effective asset management [8][22] - Positive leasing spreads were achieved across nearly 1.2 million square feet, with renewal spreads averaging 6.8% higher than expiring rents [8] - The single tenant segment completed 14 new leases and renewals with a 6.5% renewal spread, while the multi-tenant segment completed 58 new leases and renewals with a 7.1% renewal spread [8] Market Data and Key Metrics Changes - Geographically, 80% of straight-line rent is earned in North America and 20% in Europe, expected to shift to 72% and 28% respectively after the multi-tenant portfolio sale [15] - The portfolio features a stable tenant base with 61% of tenants receiving an investment grade or implied investment grade rating [15][16] Company Strategy and Development Direction - The company plans to transform into a pure play single tenant net lease company by selling 100 non-core multi-tenant properties for approximately $1.8 billion at a cash cap rate of 8.4% [10][11] - The strategic focus is on deleveraging and enhancing financial flexibility, with a goal to secure an investment grade credit rating [10][23] - The company anticipates completing nearly $3 billion in dispositions by the end of 2025 while maintaining operational efficiency with approximately $6 billion in real estate assets [14] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the long-term benefits of the RCG transaction, emphasizing its role in accelerating deleveraging and enhancing financial stability [10][23] - The company is optimistic about future growth opportunities, particularly following the sale of the multi-tenant portfolio, which is expected to simplify operations and improve financial metrics [16][23] Other Important Information - The Board plans to reduce the quarterly dividend from $0.275 to $0.19 per share starting in April 2025, aligning with the long-term strategy of reducing leverage and increasing liquidity [12][20] - A share repurchase program has been approved, allowing the company to repurchase up to $300 million of its outstanding common stock [12] Q&A Session Summary Question: Pricing of the portfolio sale - Management indicated satisfaction with the pricing of the portfolio sale, highlighting the strategic benefits and the buyer's ability to execute [28][31] Question: Concerns about the buyer's ability to close the deal - Management expressed no reservations about RCG's ability to close the deal, citing a strong relationship and a non-refundable deposit [32] Question: Future dividend adjustments - Management acknowledged the potential for further dividend adjustments based on future asset dispositions, emphasizing a prudent approach to dividend guidance [33][34] Question: Write-down associated with the portfolio sale - Management clarified that there was no write-down associated with the sale and expected a realized gain upon closing [42] Question: Use of proceeds from the sale - Management prioritized leverage reduction as the primary use of proceeds, with stock buybacks being a secondary focus [45] Question: Future asset dispositions - Management confirmed that additional non-core asset dispositions are planned for 2025, with guidance reflecting these expectations [56][61]

Financial Data and Key Metrics Changes - For Q3 2024, the company recorded revenue of $197 million, down from $203 million in Q2 2024, and a net loss attributable to common stockholders of $77 million compared to a loss of $47 million in the previous quarter [20] - AFFO was $74 million or $0.32 per share in Q3 2024, compared to $77 million or $0.33 per share in Q2 2024 [20] - The outstanding debt balance was $5 billion at the end of Q3, down by $157 million from the end of Q2 [20] Business Line Data and Key Metrics Changes - The company successfully reduced outstanding net debt by $445 million in 2024, including $162 million in Q3, primarily through asset dispositions [5] - The company achieved a net debt to adjusted EBITDA ratio of 8.0 times at the end of Q3 2024, down from 8.4 times at the start of the year [5][21] - Occupancy rates increased from 93% in Q1 to 96% in Q3 2024, reflecting strong asset management [13] Market Data and Key Metrics Changes - The company reported a 200 basis point increase in investment grade or implied investment grade tenants, rising from 59% to 61% [8] - 80% of straight line rent is earned in North America, while 20% is earned in Europe [18] Company Strategy and Development Direction - The company aims to capture $650 million to $800 million in closed dispositions for 2024, up from an initial target of $400 million to $600 million [6] - The strategy includes reducing leverage, improving net debt to adjusted EBITDA, and increasing portfolio occupancy [4][15] - The company is focused on selling non-core assets and those with shorter remaining lease terms to enhance portfolio quality [8][10] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to navigate external macro challenges due to the diverse composition of its net lease portfolio [16] - The company reaffirmed its AFFO per share guidance range of $1.30 to $1.40 and net debt to adjusted EBITDA range of 7.4 times to 7.8 times for the remainder of 2024 [22] Other Important Information - The company successfully executed five short-term leases totaling approximately 100,000 square feet, which did not materially impact overall portfolio occupancy [14] - The company has no debt maturities until July 2025, having addressed 100% of the debt scheduled to mature in 2024 [15] Q&A Session Summary Question: About the letter of consent for office assets in the Netherlands - The property is currently occupied, and the buyer plans to reposition it after the lease expires in 2026, with the company continuing to collect full rent until then [25] Question: On the strategy for future lease expirations in office assets - The strategy is case by case, engaging early with tenants and potential buyers to make informed decisions [26] Question: Regarding the company's vault and non-core vacant assets - The ongoing strategy focuses on lease-up and renewals to extend the vault organically, with some vacant assets included in the disposition strategy [29] Question: On the AFFO guidance range - The company maintains a wide AFFO guidance range due to the ongoing focus on debt reduction and successful dispositions [30] Question: About the 2025 debt maturities and associated properties - Specific details on the disposition pipeline related to 2025 debt maturities are not disclosed ahead of time [31] Question: On the increase in cost synergies - The increase in synergies from $75 million to $85 million is attributed to the rolling off of transition services expenses and effective cost management [32] Question: On the asset sales and future disposition strategy - The company plans to continue its disposition strategy to lower net debt to EBITDA and maintain a strong portfolio [34] Question: On market valuation and credit for performance - Management is confident in the company's execution and believes that the market will eventually recognize its value [36] Question: On the evolution of the disposition pipeline - The company regularly reviews its portfolio to identify non-core assets for sale, focusing on long-term benefits [40] Question: On the demand for U.S. vs. European office assets - Demand is driven by market conditions, tenant credit quality, and lease terms [41] Question: On future acquisition strategies - The company is currently focused on reducing leverage and will consider acquisitions when the market conditions are favorable [50] Question: On potential joint ventures for asset monetization - While joint ventures are not currently being contemplated, management remains open to strategic options in the future [52]