Global Net Lease, Inc. Announces Common Stock Dividend for First Quarter 2023

Rhea-AI Summary

Global Net Lease, Inc. (GNL) has confirmed its commitment to distribute dividends at an annualized rate of $1.60 per share, with quarterly payments of $0.40 per share. This quarterly dividend is set for payment on January 17, 2023, to shareholders of record as of January 13, 2023. The company focuses on acquiring a diversified portfolio of commercial properties, primarily through sale-leaseback transactions across the U.S. and Europe.

Positive

• Quarterly dividend of $0.40 per share reinforces GNL's income distribution strategy for shareholders.
• Annualized dividend rate of $1.60 per share reflects the company's confidence in financial stability.

Negative

• None.

NEW YORK, Jan. 3, 2023 /PRNewswire/ -- Global Net Lease, Inc. ("GNL") (NYSE: GNL/ GNL PRA / GNL PRB) announced today that it intends to continue to pay dividends on its shares of common stock at an annualized rate of $1.60 per share or $0.40 per share on a quarterly basis. GNL anticipates paying dividends authorized by its board of directors on its shares of common stock on a quarterly basis in arrears on the 15^th day of the first month following the end of each fiscal quarter (or, if not a business day, the next succeeding business day) to common stock holders of record on the record date for such payment.

Accordingly, GNL declared a dividend of $0.40 per share of common stock payable on January 17, 2023 to common stock holders of record at the close of business on January 13, 2023.

About Global Net Lease, Inc.

Global Net Lease, Inc. (NYSE: GNL) is a publicly traded real estate investment trust listed on the NYSE focused on acquiring a diversified global portfolio of commercial properties, with an emphasis on sale-leaseback transactions involving single tenant, mission critical income producing net-leased assets across the United States, 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. These forward-looking statements involve risks and uncertainties that could cause actual results or events to be materially different. The words "may," "will," "seeks," "anticipates," "believes," "expects," "estimates," "projects," "plans," "intends," "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 GNL's control, which could cause actual results to differ materially from the results contemplated by the forward-looking statements. These risks and uncertainties include (a) the potential adverse effects of (i) the global COVID-19 pandemic, including actions taken to contain or treat COVID-19, and (ii) the geopolitical instability due to the ongoing military conflict between Russia and Ukraine, including related sanctions and other penalties imposed by the U.S. and European Union, and the related impact on GNL, GNL's tenants and the global economy and financial markets, and (b) that any potential future acquisition is subject to market conditions and capital availability and may not be completed on favorable terms, or at all, as well as those risks and uncertainties set forth in the Risk Factors section of GNL's Annual Report on Form 10-K for the year ended December 31, 2021 filed on February 24, 2022, and all other filings with the Securities and Exchange Commission after that date as such risks, uncertainties and other important factors may be updated from time to time in GNL's subsequent reports. Further, forward-looking statements speak only as of the date they are made, and GNL 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 to do so by law.

Contacts:
Investors and Media:
Email: investorrelations@globalnetlease.com
Phone: (212) 415-6510

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SOURCE Global Net Lease, Inc.

FAQ

What is GNL's dividend payment amount and date?

Global Net Lease, Inc. (GNL) has declared a dividend of $0.40 per share payable on January 17, 2023.

When is the record date for GNL's upcoming dividend?

The record date for Global Net Lease's dividend is January 13, 2023.

What is the annual dividend rate for GNL?

GNL's annualized dividend rate is $1.60 per share.