Global Net Lease Announces Sale of Multi-Tenant Portfolio for Approximately $1.8 Billion
Global Net Lease, Inc. (GNL)
Last global net lease, inc. earnings: 2/26 06:00 am
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US:NYSE Investor Relations:
globalnetlease.com
Company Research
Source: GlobeNewswire
- Proposed Transaction Accelerates Deleveraging Plan, Net Debt to Adjusted EBITDA Would be Lowered to 6.5x to 7.1x - The Company Announces Opportunistic $300 Million Share Repurchase Program NEW YORK, Feb. 26, 2025 (GLOBE NEWSWIRE) -- Global Net Lease, Inc. ("GNL" or the "Company") today announced that it has entered into a binding agreement to sell its multi-tenant portfolio of 100 non-core properties to a subsidiary of RCG Ventures Holdings, LLC for approximately $1.8 billion (the "multi-tenant portfolio sale") at an 8.4% cash cap rate¹. This transformative transaction would accelerate GNL's deleveraging initiative and position the Company as a pure-play, single-tenant net lease company. GNL launched its strategic disposition initiative in 2024, with the objectives of significantly reducing debt, enhancing financial flexibility and lowering its cost of capital. Following the completion of the multi-tenant portfolio sale – which would represent the most significant
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GNL
Earnings
- 11/5/25 - Miss
GNL
Sec Filings
- 12/18/25 - Form 8-K
- 12/8/25 - Form 8-K
- 11/7/25 - Form 8-K
- GNL's page on the SEC website