Global Net Lease(US:GNL)2025-05-08 12:28Strategic Transaction & Portfolio Transformation - GNL successfully closed Phase I of the Multi-Tenant Portfolio Sale in Q1 2025, generating $1.1 billion from 59 unencumbered properties[39] - The Multi-Tenant Portfolio represented 28% of Total GNL SLR before the disposition[14] - The transaction transforms GNL into a pure-play net lease REIT, with a pro-forma asset diversification of 100% single-tenant properties[17] - The strategic sale is expected to reduce annual Capex from $46 million to $10 million[19] Leverage & Liquidity - The transaction is projected to reduce Net Debt / Adj EBITDA by 0.8x[23] - The transaction is projected to increase liquidity by over $1 billion[23] - GNL reduced net debt by $833 million in Q1'25, lowering Net Debt to Adjusted EBITDA to 6.7x[40] - Liquidity totaled $499 million in Q1'25[42] Portfolio Metrics & Performance - The pro-forma % Leased is expected to increase by 100 bps to 98%[19] - The pro-forma NOI Margin is expected to increase by 700 Bps to 89%[19] - 60% of SLR is derived from Investment Grade Tenants[57]