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

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

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.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

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.

Agree Realty

EPR Properties

Essential Properties Realty Trust Inc

Four Corners Property Trust

NETLease Corporate Real Estate ETF

NETSTREIT Corp

Realty Income Corp

Vici Properties

REITs have experienced a selloff, creating attractive valuations and high dividend yields in the net lease REIT sector. The key to unlocking value in REITs is selecting stocks that demonstrate growth potential. Net lease REITs with the most favorable cost of capital include Agree Realty, Four Corners Property Trust, Realty Income, NETSTREIT, Essential Properties Realty Trust, and VICI Properties.

Epic REIT Rally 3.0 (The Most Important Thing)

Necessity Retail REIT

Highlights Lack of Financial or Strategic Value for GNL Stockholders Identifies Key Questions for GNL Stockholders to Ask GNL Board  NEW YORK , Aug. 15, 2023 /PRNewswire/ -- Orange Capital Ventures, LP ("Orange Capital"), a New York-based investment firm, today released a detailed presentation outlining why it intends to vote AGAINST 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"). The Merger is subject to GNL and RTL stockholder approval at the Special Meeting of Stockholders scheduled for September 8, 2023.

Orange Capital Releases Detailed Presentation on Why It Intends to Vote Against the Merger of Global Net Lease, Inc. and the Necessity Retail REIT, Inc.

Arbor Realty Trust

Easterly Government Properties

Hudson Pacific Properties

Medical Properties Trust

Paramount Group

Vornado Realty Trust

With hopes for lower interest rates and normalizing economic conditions, real estate investment trusts (REITs) have been moving higher. However, as macro uncertainties mount, there are now plenty of REITs to avoid in August.

7 REITs to Sell in August Before They Crash and Burn

Global Net Lease, Inc. (NYSE:GNL ) Q2 2023 Earnings Conference Call August 3, 2023 1:00 PM ET Company Participants Curtis Parker - Senior Vice President Jim Nelson - Chief Executive Officer Chris Masterson - Chief Financial Officer Conference Call Participants Bryan Maher - B. Riley FBR Barry Oxford - Colliers Mitch Germain - JMP Securities Todd Thomas - KeyBanc Operator Good afternoon, and welcome to the Global Net Lease Second Quarter 2023 Earnings Call.

Global Net Lease, Inc. (GNL) Q2 2023 Earnings Call Transcript

Global Net Lease (GNL) came out with quarterly funds from operations (FFO) of $0.40 per share, beating the Zacks Consensus Estimate of $0.39 per share. This compares to FFO of $0.43 per share a year ago.

Global Net Lease (GNL) Surpasses Q2 FFO and Revenue Estimates

Company to Host Investor Webcast and Conference Call Today at 1:00 PM ET NEW YORK , Aug. 3, 2023 /PRNewswire/ -- Global Net Lease, Inc. (NYSE: GNL) ("GNL" or the "Company"), a real estate investment trust that focuses on acquiring and managing a globally diversified portfolio of strategically-located commercial real estate properties, announced today its financial and operating results for the quarter ended June 30, 2023. Second Quarter 2023 and Subsequent Events Highlights Announced merger agreement with The Necessity Retail REIT, Inc. (NASDAQ: RTL), which is expected to close in September, 2023 and is expected to: Create the third largest publicly traded net lease REIT with a global presence Be 9% accretive to annualized AFFO per share in the first quarter after closing, compared to the first quarter of 2023 Create $75 million of annual cost savings anticipated within twelve months of closing Revenue was $95.8 million compared to $95.2 million in second quarter 2022  Net loss attributable to common stockholders was $31.4 million, or $0.30 per diluted share, compared to $5.8 million, or $0.06 per diluted share in second quarter 2022 Net operating income ("NOI") was $86.8 million compared to $87.4 million in second quarter 2022  Core Funds from Operations ("Core FFO") was $27.7 million, or $0.27 per diluted share, due in part to proxy related expenses of $22.0 million and $6.3 million of merger and transaction costs, compared to $50.0 million or $0.48 per diluted share in second quarter 2022 Adjusted Funds from Operations ("AFFO") was $41.4 million compared to $45.0 million in the second quarter 2022 AFFO per diluted share was $0.40 compared to $0.43 in second quarter 2022 and $0.38 in the first quarter of 2023 Distributed $41.7 million, or $0.40 per diluted share, in dividends to common shareholders Leased over 900,000 square feet through 11 leases and one tenant expansion project, resulting in nearly $20.2 million of net new straight-line rent over a weighted-average lease term of 6.0 years Portfolio 97.7% leased with 7.6 years of weighted average remaining lease term1 Contractual annual rent increases in 94.7%2 of leases with an average increase of 1.2% per year, including but not limited to 60.1% that are fixed-rate increases and 27.5% that are based on Consumer Price Index Approximately 60.0% of annualized straight-line rent comes from Investment Grade or implied Investment Grade tenants3 "We made great progress on our key strategic objectives during the quarter as we executed substantial lease renewals and extensions and focused on our industrial and distribution assets, which comprise 55.0% of our portfolio," said James Nelson, CEO of GNL.

GLOBAL NET LEASE REPORTS SECOND QUARTER 2023 RESULTS

Company to Host Investor Webcast and Conference Call at 11:00 AM ET Today NEW YORK , Aug. 2, 2023 /PRNewswire/ -- The Necessity Retail REIT, Inc. (Nasdaq: RTL) ("RTL" or the "Company"), a real estate investment trust focused on acquiring and managing a diversified portfolio of primarily service-oriented and traditional retail and distribution related commercial real estate properties in the U.S., announced today its financial and operating results for the second quarter ended June 30, 2023. Second Quarter 2023 and Subsequent Events Highlights        Announced merger agreement with Global Net Lease, Inc. (NYSE:GNL), stockholder meeting to take place on September 8th and upon approval is expected to close in September, 2023 ◦ All stock transaction would represent a 35% premium to RTL's 30-day volume-weighted average price, based on share prices as of the date of the transaction announcement on May 23, 2023 Anticipated 12% increase in quarterly dividend for RTL common stockholders Expected to create the third largest publicly traded net lease REIT with a global presence The combined company expected to benefit from increased size, reduced borrowing costs on existing credit facilities, and cost savings as a result of corporate synergies and the internalization of GNL's and RTL's management Revenue was $106.7 million compared to $116.9 million, including a non-recurring termination fee of $5.7 million, in the second quarter 2022 Net loss attributable to common stockholders was $53.5 million versus $56.3 million for the second quarter 2022 Cash net operating income ("Cash NOI") was $81.3 million compared $86.3 million for the second quarter 2022, lower in part due to strategic dispositions in the first half of 2023 Funds from Operations ("FFO") was $0.5 million due in part to proxy-related expenses of $16.0 million and $4.9 million of merger and transaction costs, compared to $35.7 million in the second quarter 2022 Adjusted Funds from Operations ("AFFO") was $27.9 million, or $0.21 per share, compared to $38.5 million, or $0.29 per share, in second quarter 2022, which included a $5.7 million termination fee Paid dividends on common stock of $28.5 million or $0.21 per share Reduced net debt6 by approximately $74.0 million compared to net debt outstanding at the end of first quarter 2023 Portfolio occupancy of 92.7% up 1.9% from 90.8% at the end of the second quarter of 2022, with Executed Occupancy plus Leasing Pipeline1 of 94.4% Leased over 710,000 square feet through 26 new leases and 41 renewed leases in the multi-tenant segment, and over 248,000 square feet through 17 renewed leases in our single-tenant segment, for a combined $13.3 million of annualized straight-line rent Positive spread of 4.6% on multi-tenant lease renewals compared to prior leases Dispositions of $100.8 million in the quarter bringing year to date dispositions to $172.2 million of non-strategic assets "We continue to see strong demand for high-quality retail space across our portfolio from credit-worthy national tenants," said Michael Weil, CEO of RTL.

THE NECESSITY RETAIL REIT ANNOUNCES SECOND QUARTER 2023 RESULTS

Global Net Lease focuses on single-tenant buildings, with a majority of their portfolio consisting of industrial and distribution properties. The company has a large portion of investment-grade tenants, but this gives tenants bargaining power when negotiating leases. Losing a tenant can lead to lengthy and difficult re-leasing processes, leading to potential concessions on rent and lease terms.

Global Net Lease: At Risk Of A Dividend Cut

Alexandria Real Estate Equities

JPMorgan BetaBuilders MSCI US REIT ETF

Principal Real Estate Active Opportunities ETF

Dimensional US Real Estate ETF

Diversified Healthcare Trust

Extra Space Storage

Farmland Partners

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

Host Hotels & Resorts

iShares Cohen & Steers REIT ETF

Industrial Logistics Properties

Pacer Benchmark Industrial Real Estate SCTR ETF

iShares U.S. Real Estate ETF

Janus Henderson U.S. Real Estate ETF

Invesco KBW Premium Yield Equity REIT ETF

Gladstone Land

Nuveen Short-Term REIT ETF

Office Properties Income Trust

PotlatchDeltic

US Diversified Real Estate ETF

After 4 straight months in the red, the REIT sector surged back into the black year to date with a stellar +7.41% total return in June. Small cap REITs (+8.59%) outperformed again in June. Large caps (+5.51%) again underperformed their smaller REIT peers in June. A remarkable 87.34% of REIT securities had a positive total return in June with 49.69% in the black year to date.

The State Of REITs: July 2023 Edition

NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of The Necessity Retail REIT Inc. (“RTL” or the “Company”) (NasdaqGS: RTL) to Global Net Lease Inc. (NYSE: GNL). Under the terms of the proposed transaction, shareholders of RTL will receive 0.670 shares of GNL for each share of RTL that they own. KSF is seeking to determine whether this consideration and the pro.

THE NECESSITY RETAIL REIT INVESTOR ALERT BY THE FORMER ATTORNEY GENERAL OF LOUISIANA: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of The Necessity Retail REIT Inc. - RTL

GNL's Board has Refused to Commit to Important Governance Enhancements Unless Shareholders Approve the Proposed Merger NEW YORK, July 20, 2023 /PRNewswire/ -- Orange Capital Ventures, LP ("Orange Capital"), a New York-based investment firm, today issued the following statement outlining its serious concerns about what it believes are blatantly coercive tactics employed by the Global Net Lease, Inc. (NYSE: GNL) ("GNL" or the "Company") Board of Directors (the "Board") regarding the proposed merger (the "Merger") with Necessity Retail REIT (Nasdaq: RTL) ("RTL").  We are alarmed that to date the Board has failed to commit to enacting its own proposed governance enhancements absent shareholders approving what we believe will be a highly contested vote on the proposed merger with RTL.

Orange Capital Outlines Strong-arm Tactics Deployed by Global Net Lease, Inc. Board Regarding the Proposed Merger with Necessity Retail REIT

Special Meetings Scheduled for September 8, 2023 Merger Expected to Close in September 2023 NEW YORK , July 19, 2023 /PRNewswire/ -- Global Net Lease, Inc. ("GNL" or "the Company") (NYSE: GNL/ GNL PRA / GNL PRB) and The Necessity Retail REIT, Inc. (NASDAQ: RTL, "RTL") announced today that the U.S. Securities and Exchange Commission ("SEC") has declared effective the Registration Statement on Form S-4 (the "Registration Statement") of GNL in connection with its previously announced proposed merger with RTL and internalization of management, and the details of a special meeting for stockholders of each company on September 8, 2023. Both GNL and RTL have fixed a record date of August 8, 2023, for participation in the special meetings of stockholders, which will be held on September 8, 2023, at 11:00 a.m.

Global Net Lease, Inc. and The Necessity Retail REIT, Inc. Announce Effectiveness of Registration Statement

RTL is currently paying its shareholders a double-digit 11.8% dividend yield. The retail REIT is set to merge with sister REIT Global Net Lease in the third quarter of 2023. Responsibility for the preferreds coupon will shift to Global Net Lease following the change of control.

Necessity Retail REIT: Should You Get Out Of The Commons Before Merger With Global Net Lease?

Arlington Asset Investment

AGNC Investment

AGNC Investment Corp - FXDFR PRF PERPETUAL USD 25 - Ser D 1/1000th int

AGNC Investment Corp. Deposit Shs Repr 1/1000th Cum Conv Red Pfd Registered Shs Series C

Ashford Hospitality Trust

Great Ajax

Great Ajax Corp. 7.25 % Convertible Notes 2017-30.04.24 Global

Crown Castle International

Dynex Capital

Ellington Residential Mortgage REIT

Ellington Financial

Equity LifeStyle Properties

First Industrial Realty Trust

Gladstone Commercial

Gladstone Commercial Corp 7 1/2 % Cum Red Pfd Shs Series B

Getty Realty

Jones Lang LaSalle

Medalist Diversified REIT Inc

U.S. equity markets advanced to their highest levels of the year on an "inflation week" rally after the closely-watched CPI and PPI reports showed a continued sharp cooldown in price pressures. Closing at the highest levels since April 2022, the S&P 500 advanced 2.4% this week, while the other major equity benchmarks - the Mid-Cap 400 and Small-Cap 600 - gained 3%. Real estate equities- the sector with perhaps the most potential upside from a "soft landing" scenario- were among the leaders for a third straight week. The Equity REIT Index gained 2.9%.

Stick The Soft Landing

NEW YORK , July 13, 2023 /PRNewswire/ -- Global Net Lease, Inc. (NYSE: GNL) ("GNL" or the "Company") announced today it will release its financial results for the second quarter ended June 30, 2023 on Thursday, August 3, 2023 before the start of trading on the New York Stock Exchange. The Company will host a conference call and audio webcast on Thursday, August 3, 2023, beginning at 1:00 p.m.

GLOBAL NET LEASE ANNOUNCES RELEASE DATE FOR SECOND QUARTER 2023 RESULTS

NEW YORK, July 11, 2023 /PRNewswire/ -- Global Net Lease, Inc. ("GNL" or "the Company") (NYSE: GNL/ GNL PRA / GNL PRB) announced today that it has signed a definitive purchase and sale agreement to sell an office property it owns in San Jose, CA for a contract sale price of $50 million. The Company had originally acquired the property in 2014 for $52.5 million.

Global Net Lease, Inc. Announces $50 Million Disposition of Office Property in San Jose, CA

NEW YORK , July 6, 2023 /PRNewswire/ -- Global Net Lease, Inc. ("GNL" or "the Company") (NYSE: GNL/ GNL PRA / GNL PRB) announced today that it completed 889,000 square feet of lease renewals and expansions (the "2Q Leases") during the quarter ended June 30, 2023. The 2Q Leases total approximately $4.6 million in annualized straight-line rent and have a weighted average lease term of 5.7 years, based on square feet.

Global Net Lease, Inc. Completes Over 889,000 Square Feet, $4.6 Million of Leasing in Second Quarter

Cherry Hill Mortgage

Annaly Capital

I could not wait to light the first bottle rocket. I lit the fuse, and I screamed out something like "get ready for the light show folks." At that moment, I knew something was terribly wrong.

Avoid These REIT Fireworks At All Costs

NEW YORK , July 3, 2023 /PRNewswire/ -- Global Net Lease, Inc. ("GNL") (NYSE: GNL/ GNL PRA / GNL PRB) announced today that it declared quarterly dividends on its outstanding common stock. Specifically, GNL declared a dividend of $0.40 per share of common stock payable on July 17, 2023, to common stockholders of record at the close of business on July 13, 2023.

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

NEW YORK , June 29, 2023 /PRNewswire/ -- Global Net Lease, Inc. ("GNL" or "the Company") (NYSE: GNL/ GNL PRA / GNL PRB) announced today that it held its Annual Meeting of shareholders. Preliminary results indicate that shareholders reelected Edward M.

Global Net Lease, Inc. Announces 2023 Annual Shareholder Meeting Preliminary Results

I review two REITs. One is a Sell. The other is a Buy. One pays a 16% dividend yield. The other pays a 6.5% dividend yield. The two REITs in question are Global Net Lease and W.P. Carey.

1 Risky REIT To Avoid And 1 Stong Buy

American Tower

Investing is not a get rich quick game. It's a game of endurance and the endgame is as important (if not more so) as the way you start. In this article, I will provide two examples of REITs to avoid (drive for show) and two REITs that can "putt for dough".

Drive For Show And Putt For Dough

NEW YORK , June 23, 2023 /PRNewswire/ -- The Necessity Retail REIT, Inc. (Nasdaq: RTL/ RTLPP / RTLPO) ("RTL" or "the Company") announced today the expiration of the 30-day "Go-Shop" period (the "Go-Shop") set forth in the previously announced definitive merger agreement with Global Net Lease, Inc. (NYSE: GNL). Under the terms of the merger agreement, RTL stockholders will receive 0.670 shares of GNL for each common share of RTL, which represents a total consideration of $7.08 per share based on share prices as of May 23, 2023 and a 35% premium to RTL's 30-day volume-weighted average price for the 30 days prior to May 23, 2023.

The Necessity Retail REIT Announces Expiration of "Go-Shop" Period For Proposed Merger with Global Net Lease

NEW YORK , June 16, 2023 /PRNewswire/ -- Global Net Lease, Inc. ("GNL") (NYSE: GNL/ GNL PRA / GNL PRB) announced today that it declared quarterly dividends on its outstanding preferred stock. Specifically, GNL declared a dividend of $0.453125 per share on its on its 7.25% Series A Cumulative Redeemable Preferred Stock payable on July 17, 2023, to holders of record at the close of business on July 6, 2023.

Global Net Lease, Inc. Announces Series A Preferred Stock Dividends

NEW YORK , June 16, 2023 /PRNewswire/ -- Global Net Lease, Inc. ("GNL") (NYSE: GNL/ GNL PRA / GNL PRB) announced today that it declared quarterly dividends on its outstanding preferred stock. Specifically, GNL declared a dividend of $0.4296875 per share on its 6.875% Series B Cumulative Redeemable Preferred Stock payable on July 17, 2023, to holders of record at the close of business on July 6, 2023.

Global Net Lease, Inc. Announces Series B Preferred Stock Dividends

News for Global Net Lease Stock (GNL)