Global Net Lease sells shopping center and office property for over $122M [Seeking Alpha]
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
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Source: Seeking Alpha
cap rate of 7.2% as of Aug. 31, 2024 and marking progress in its 2024 strategic disposition plan. The net lease REIT sold The Plant Shopping Center in San Jose, CA, for $95M and the Foster Wheeler office property in Shinfield Park, Reading, U.K., for over $27M. Global Net Lease ( GNL ) used the proceeds from The Plant Shopping Center sale to pay down its revolving credit facility. The company divided the property into two separate parcels, retaining ownership of a now-single tenant property leased to Home Depot ( HD The sale of the Foster Wheeler property reduces GNL's office exposure by ~100 basis points, decreasing total office exposure to 19% of its total portfolio's straight-line rent, the company said. Recommended For You Recommended For You More Trending News About GNL Stock Related Stocks Trending Analysis Trending News
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News
- What I Wish I Knew Before Becoming A REIT Investor [Seeking Alpha]Seeking Alpha
- Global Net Lease, Inc. Announces Preferred Stock DividendsGlobeNewswire
- Global Net Lease Continues Momentum of Strategic Disposition Initiative With Sales of the Plant Shopping Center and Foster Wheeler OfficeGlobeNewswire
- Global Net Lease, Inc. (NYSE: GNL) had its price target raised by analysts at Truist Financial Co. from $8.00 to $8.50. They now have a "hold" rating on the stock.MarketBeat
- Global Net Lease: The New Dividend Already Looks In Trouble [Seeking Alpha]Seeking Alpha
GNL
Earnings
- 8/6/24 - Miss
GNL
Sec Filings
- 9/19/24 - Form 8-K
- 9/16/24 - Form 4
- 9/4/24 - Form 8-K
- GNL's page on the SEC website