Global Net Lease Completes $569 Million of Dispositions Through Third Quarter of 2024
Global Net Lease, Inc. (GNL)
Last global net lease, inc. earnings: 2/26 06:00 am
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globalnetlease.com
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Source: GlobeNewswire
NEW YORK, Oct. 09, 2024 (GLOBE NEWSWIRE) -- Global Net Lease, Inc. (NYSE: GNL) (“GNL” or the “Company”) today announced continued progress on its 2024 strategic disposition plan. Through Q3 2024, GNL has closed nearly $569 million of dispositions, and, including its pipeline, dispositions total $870 million1. “We are pleased with the continued momentum of our 2024 strategic disposition plan, having closed nearly $569 million of dispositions through Q3 2024 at favorable cash cap rates, demonstrating the quality of our investment-grade portfolio,” said Michael Weil, CEO of GNL. “The dispositions include approximately $111 million of vacant assets, eliminating their negative impact on our net operating income. This initiative is essential for achieving our strategic objectives of reducing our Net Debt to Adjusted EBITDA and lowering our cost of capital. By using the net sale proceeds to reduce outstanding debt, we enhance GNL’s financial flexibility and position the Company for long-t
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GNL
Earnings
- 11/6/24 - Miss
GNL
Sec Filings
- 11/13/24 - Form 4
- 11/7/24 - Form 8-K
- 11/6/24 - Form 10-Q
- GNL's page on the SEC website