Global Net Lease(US:GNL) Globenewswireยท2025-06-11 10:00Core Viewpoint - Global Net Lease, Inc. (GNL) is successfully executing a multi-phase sale of its multi-tenant portfolio, with the second phase generating approximately $400 million in gross proceeds, and is on track to complete the final phase by the end of Q2 2025 [1][2][3]. Group 1: Sale Details - The second phase of the sale included 28 encumbered properties and closed on June 10, 2025, generating approximately $400 million in gross proceeds [1]. - The first phase of the multi-tenant portfolio sale was completed in March 2025, generating approximately $1.1 billion in gross proceeds [3]. Group 2: Future Plans - GNL plans to complete the third and final phase of the sale, consisting of 12 encumbered properties, by the end of Q2 2025 [2]. - The net proceeds from the final two phases are expected to be used to reduce leverage by paying down the outstanding balance on GNL's Revolving Credit Facility [2]. Group 3: Strategic Goals - The CEO of GNL emphasized that the sale is part of a strategic plan to lower leverage, transform to a dedicated single-tenant portfolio, and reinforce the company's balance sheet while maintaining strong liquidity [3]. - The company aims to leverage the financial flexibility created through these sales to support long-term growth and strengthen its capital structure [3]. Group 4: 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 Western and Northern Europe [4].