Global Net Lease Announces $620 Million of Closed Dispositions as Part of Strategic Disposition Plan
Global Net Lease (GNL) has announced significant progress in its strategic disposition plan, with $620 million in closed dispositions through December 9, 2024. Combined with its pipeline of potential asset sales, total dispositions amount to $1.1 billion at a 7.1% cash cap rate with 5.4 years of weighted average lease term.
The company is exceeding its disposition guidance while approaching its most favorable cash cap rate target of 7.0%. Non-core office assets achieved a 7.8% cash cap rate. GNL has over $200 million in asset sales planned for closure during the first half of 2025. The company is using these dispositions to reduce its outstanding debt balance.
Global Net Lease (GNL) ha annunciato progressi significativi nel suo piano strategico di dismissione, con 620 milioni di dollari in dismissioni chiuse fino al 9 dicembre 2024. Combinato con il suo pipeline di vendite di attivi potenziali, il totale delle dismissioni ammonta a 1,1 miliardi di dollari con un tasso di capitalizzazione in contante del 7,1% e una durata media ponderata del contratto di locazione di 5,4 anni.
L'azienda sta superando le sue indicazioni per le dismissioni mentre si avvicina al suo obiettivo di tasso di capitalizzazione in contante più favorevole del 7,0%. Gli attivi non core per uffici hanno raggiunto un tasso di capitalizzazione in contante del 7,8%. GNL ha oltre 200 milioni di dollari in vendite di attivi pianificate per la chiusura nel primo semestre del 2025. L'azienda sta utilizzando queste dismissioni per ridurre il proprio debito complessivo.
Global Net Lease (GNL) ha anunciado avances significativos en su plan estratégico de disposición, con 620 millones de dólares en disposiciones cerradas hasta el 9 de diciembre de 2024. Combinado con su cartera de ventas de activos potenciales, el total de disposiciones asciende a 1.1 mil millones de dólares con una tasa de capitalización en efectivo del 7.1% y un plazo promedio ponderado de arrendamiento de 5.4 años.
La compañía está superando su guía de disposiciones mientras se aproxima a su objetivo de tasa de capitalización en efectivo más favorable del 7.0%. Los activos de oficinas no centrales lograron una tasa de capitalización en efectivo del 7.8%. GNL tiene más de 200 millones de dólares en ventas de activos planeadas para cerrarse durante la primera mitad de 2025. La compañía está utilizando estas disposiciones para reducir su saldo de deuda pendiente.
글로벌 넷 리스(GNL)는 2024년 12월 9일까지 6억 2천만 달러의 처분 성과를 달성하며 전략적 처분 계획에서 중요한 진전을 이뤘다고 발표했습니다. 잠재 자산 판매 파이프라인과 결합하여 총 처분 금액은 11억 달러에 달하며, 현금 자본화율은 7.1%, 평균 임대 기간 가중치는 5.4년입니다.
회사는 처분 지침을 초과 달성하고 있으며 가장 유리한 현금 자본화율 목표인 7.0%에 접근하고 있습니다. 비핵심 사무실 자산은 7.8%의 현금 자본화율을 기록했습니다. GNL은 2025년 상반기 중 마감을 예정하고 있는 2억 달러 이상의 자산 판매가 계획되어 있습니다. 이 처분을 통해 회사는 미결제 부채 잔액을 줄이고 있습니다.
Global Net Lease (GNL) a annoncé des progrès significatifs dans son plan stratégique de cession, avec 620 millions de dollars de cessions conclues jusqu'au 9 décembre 2024. En combinant cela avec son portefeuille de ventes d'actifs potentielles, le montant total des cessions s'élève à 1,1 milliard de dollars à un taux de capitalisation en espèces de 7,1% avec une durée moyenne pondérée de bail de 5,4 ans.
La société dépasse ses prévisions de cession tout en s'approchant de son objectif de taux de capitalisation en espèces le plus favorable de 7,0%. Les actifs de bureaux non core ont atteint un taux de capitalisation en espèces de 7,8%. GNL a plus de 200 millions de dollars de ventes d'actifs prévues pour être conclues durant la première moitié de 2025. La société utilise ces cessions pour réduire son solde d'endettement.
Global Net Lease (GNL) hat bedeutende Fortschritte bei ihrem strategischen Veräußernplan bekannt gegeben, mit 620 Millionen Dollar an abgeschlossenen Veräußerungen bis zum 9. Dezember 2024. Zusammen mit ihrer Pipeline potenzieller Verkaufsaktivitäten beläuft sich die Gesamtsumme der Veräußerungen auf 1,1 Milliarden Dollar bei einer Cash-Kapitalisierungsrate von 7,1% und einer gewichteten durchschnittlichen Mietlaufzeit von 5,4 Jahren.
Das Unternehmen übertrifft seine Veräußerungsprognose und nähert sich seinem günstigsten Ziel der Cash-Kapitalisierungsrate von 7,0%. Nicht-kern Büroschäfte erzielten eine Cash-Kapitalisierungsrate von 7,8%. GNL plant, im ersten Halbjahr 2025 über 200 Millionen Dollar an Vermögensverkäufen abzuschließen. Das Unternehmen nutzt diese Veräußerungen, um seinen ausstehenden Schuldenstand zu reduzieren.
- Closed $620 million in dispositions, with total dispositions reaching $1.1 billion
- Achieved favorable 7.8% cash cap rate on occupied office assets
- Over $200 million in additional asset sales planned for H1 2025
- Proceeds being used to reduce outstanding debt
- Significant reduction in property portfolio through large-scale dispositions
Insights
- Including Pipeline, Dispositions Total
NEW YORK, Dec. 12, 2024 (GLOBE NEWSWIRE) -- Global Net Lease, Inc. (NYSE: GNL) (“GNL” or the “Company”) today announced continued progress on its strategic disposition plan. Through December 9, 2024, GNL has closed
“We are pleased with the progress of our disposition plan as we enter the final month of the year,” said Michael Weil, CEO of GNL. “With
GNL has furnished slides detailing the progress of its 2024 strategic disposition plan as an exhibit to its Current Report on Form 8-K submitted with the Securities and Exchange Commission on the date hereof.
About Global Net Lease, Inc.
Global Net Lease, Inc. is a publicly traded real estate investment trust listed on the NYSE, which focuses on acquiring and managing a global portfolio of income producing net lease assets across the United States, and Western and Northern Europe. Additional information about GNL can be found on its website at www.globalnetlease.com.
Important Notice
The statements in this press release that are not historical facts may be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements involve risks and uncertainties that could cause the outcome to be materially different. The words such as "may," "will," "seeks," "anticipates," "believes," "expects," "estimates," "projects," “potential,” “predicts,” "plans," "intends," “would,” “could,” "should" and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. These forward-looking statements are subject to a number of risks, uncertainties and other factors, many of which are outside of the Company’s control, which could cause actual results to differ materially from the results contemplated by the forward-looking statements. These risks and uncertainties include the risks associated with realization of the anticipated benefits of the merger with The Necessity Retail REIT, Inc. and the internalization of the Company’s property management and advisory functions; that any potential future acquisition or disposition by the Company is subject to market conditions, capital availability and timing considerations and may not be identified or completed on favorable terms, or at all. Some of the risks and uncertainties, although not all risks and uncertainties, that could cause the Company’s actual results to differ materially from those presented in its forward-looking statements are set forth in the Risk Factors and “Quantitative and Qualitative Disclosures about Market Risk” sections in the Company’s Annual Report on Form 10-K, its Quarterly Reports on Form 10-Q, and all of its other filings with the U.S. Securities and Exchange Commission, as such risks, uncertainties and other important factors may be updated from time to time in the Company’s subsequent reports. Further, forward-looking statements speak only as of the date they are made, and the Company undertakes no obligation to update or revise any forward-looking statement to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results over time, unless required by law.
Contacts:
Investor Relations
Email: investorrelations@globalnetlease.com
Phone: (332) 265-2020
Footnotes:
1 Disposition data as of December 9, 2024, includes transactions that are either closed or are pipeline transactions under agreement or letter of intent, and assumes purchase agreements and letters of intent lead to closing based on their contemplated terms, which cannot be assured.
FAQ
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