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 ...

Global Net Lease (GNL) Q4 2024 Earnings Call February 28, 2025 08:19 PM ET Company Participants Jordyn Schoenfeld - AssociateMichael Weil - CEO & PresidentChristopher Masterson - Chief Financial OfficerEric Borden - Vice PresidentMitch Germain - MD - Real Estate Research Conference Call Participants Upal Rana - Director - Senior Equity Research Analyst Operator Greetings, and welcome to the Global Net Lease Fourth Quarter and Full Year twenty twenty four Earnings Call. At this time, all participants are in ...

In a release issued under the same headline earlier today by Global Net Lease, Inc. (NYSE: GNL), please note that in the Full Year 2025 Guidance and Dividend Update section, the third bullet should read "Reduced quarterly dividend..." and not "Reduced annual dividend..." as previously stated. The corrected release is as follows: – Completed $835 Million in Dispositions in 2024, Surpassing High-End of Increased Guidance – Reduced Net Debt by $734 million in 2024; Improved Net Debt to Adjusted EBITDA to 7.6x ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _________ to __________ Commission file number: 001-37390 Global Net Lease, Inc. (Exact name of registrant as specified in its charter) Maryland 45-2771978 (State ...

Global Net Lease, Inc. Supplemental Information Quarter ended December 31, 2024 (unaudited) Global Net Lease, Inc. Supplemental Information Quarter ended December 31, 2024 (Unaudited) Table of Contents | Item | Page | | --- | --- | | Non-GAAP Definitions | 3 | | 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 | ...

Core Insights - The company has met and exceeded its full-year 2024 earnings guidance, indicating strong operational performance [1] - A recently announced $1.8 billion multi-tenant portfolio sale is expected to significantly reduce leverage and improve liquidity [1][3] - The proposed transaction aims to transform the company into a pure-play, single-tenant net lease entity with enhanced portfolio metrics [1][3] - The company has initiated a $300 million opportunistic share repurchase program [1] Financial Performance - Revenue for Q4 2024 was $199.1 million, down from $206.7 million in Q4 2023, primarily due to $835 million in dispositions [5][7] - The net loss attributable to common stockholders for Q4 2024 was $17.5 million, a significant improvement from a loss of $59.5 million in Q4 2023 [5][7] - Core Funds From Operations (Core FFO) for Q4 2024 was $68.5 million, or $0.30 per share, compared to $48.3 million, or $0.21 per share, in Q4 2023 [5][7] - Adjusted Funds From Operations (AFFO) for Q4 2024 was $78.3 million, or $0.34 per share, compared to $71.7 million, or $0.31 per share, in Q4 2023; full-year 2024 AFFO was $303.8 million, or $1.32 per share [5][7] Portfolio and Dispositions - The company completed $835 million in dispositions in 2024, surpassing the high end of its increased guidance, with a cash cap rate of 7.1% and a weighted average lease term of 4.9 years [4][5] - The portfolio occupancy increased from 93% at the end of Q1 2024 to 97% at the end of Q4 2024 [5] - The company leased 1.2 million square feet across its portfolio, resulting in nearly $17 million of new straight-line rent [5] Capital Structure and Liquidity - As of December 31, 2024, the company had liquidity of $492.2 million and $460 million of capacity under its revolving credit facility [8] - The company reduced net debt by $734 million in 2024, improving the Net Debt to Adjusted EBITDA ratio from 8.4x to 7.6x [4][5] - The percentage of fixed-rate debt increased to 91% as of December 31, 2024, compared to approximately 80% a year earlier [9] Future Guidance - The company has established initial 2025 guidance, which is contingent on the sale of its multi-tenant portfolio, with an AFFO per share range of $0.90 to $0.96 and a Net Debt to Adjusted EBITDA range of 6.5x to 7.1x [6][10]

Core Viewpoint - Global Net Lease, Inc. (GNL) has entered into a binding agreement to sell its multi-tenant portfolio of 100 non-core properties for approximately $1.8 billion, which will accelerate its deleveraging plan and transform the company into a pure-play, single-tenant net lease entity [1][2][3]. Group 1: Transaction Details - The multi-tenant portfolio sale is expected to close in three phases, with the unencumbered portfolio closing by the end of Q1 2025 and the encumbered portfolio closing in two stages by the end of Q2 2025 [5]. - GNL received a $25 million non-refundable deposit from RCG Ventures at the signing of the agreement [5]. Group 2: Financial Impact - The transaction is projected to reduce GNL's Net Debt to Adjusted EBITDA to a range of 6.5x to 7.1x post-transaction [1][6]. - GNL anticipates completing nearly $3 billion in dispositions by the end of 2025 since the start of 2024, enhancing financial flexibility and reducing the cost of capital [2][6]. Group 3: Strategic Benefits - The sale will simplify operations by eliminating complexities associated with multi-tenant retail properties, leading to approximately $6.5 million in annual G&A savings and reduced capital expenditures [6]. - Key portfolio metrics are expected to improve, including an increase in occupancy to 98%, a weighted average remaining lease term of 6.4 years, and a rise in investment-grade tenants to 66% [6]. Group 4: Share Repurchase Program - Concurrently, GNL's Board of Directors has authorized a share repurchase program for up to $300 million of its outstanding common stock [2][6].

Group 1 - The share prices of many companies have fallen to the lowest levels in a decade, despite many maintaining or increasing their dividends [1] - Jussi Askola, the leader of the investing group High Yield Landlord, shares a real-money REIT portfolio and transactions in real-time [1] - High Yield Landlord offers features such as three portfolios (core, retirement, international), buy/sell alerts, and a chat room for direct access to analysts [1] Group 2 - Leonberg Capital, led by Jussi Askola, is a value-oriented investment boutique that consults hedge funds, family offices, and private equity firms on REIT investing [1] - Jussi Askola has authored award-winning academic papers on REIT investing and has passed all three CFA exams [1] - The investment group has built relationships with many top REIT executives [1]

Core Viewpoint - Global Net Lease, Inc. (GNL) is set to release its financial results for Q4 and the full year of 2024 on February 27, 2025, after market close [1] Group 1: Financial Results Announcement - GNL will announce its financial results for the fourth quarter and the year ended December 31, 2024, on February 27, 2025 [1] - The results will be discussed in a conference call scheduled for February 28, 2025, at 11:00 a.m. ET [2] - The management team will conduct the call, which will include a question-and-answer session following the prepared remarks [2] Group 2: Conference Call Details - Dial-in instructions for the conference call include a toll-free number for domestic calls (1-877-407-0792) and an international dial-in (1-201-689-8263) [4] - A replay of the conference call will be available from February 28, 2025, at 2:00 p.m. ET until May 28, 2025 [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, particularly in the U.S. and Western and Northern Europe [5]