Global Net Lease, Inc. Announces Common Stock Dividend for Fourth Quarter 2022

Rhea-AI Summary

Global Net Lease (GNL) has announced its intention to maintain a quarterly dividend of $0.40 per share, amounting to an annualized rate of $1.60. The dividend will be paid on October 17, 2022, to shareholders on record as of October 13, 2022. This decision aligns with GNL's strategy to provide consistent returns to its investors and reflects confidence in its operational performance.

Positive

• Declared a dividend of $0.40 per share, demonstrating commitment to shareholder returns.
• Annualized dividend rate set at $1.60, indicating a stable income for shareholders.

Negative

• Risks related to the ongoing global COVID-19 pandemic, potentially impacting tenant operations.
• Uncertainties from geopolitical tensions involving Russia and Ukraine may affect performance.

NEW YORK, Oct. 3, 2022 /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 October 17, 2022 to common stock holders of record at the close of business on October 13, 2022.

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 the outcome to be materially different. The words such as "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 ongoing 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 identified or completed on favorable terms, or at all, as well as those set forth in the Risk Factors section of GNL's most recent 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. 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 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 the dividend amount announced by Global Net Lease (GNL)?

Global Net Lease announced a quarterly dividend of $0.40 per share.

When will the next dividend be paid for GNL, GNL.PRA, and GNL.PRB?

The next dividend will be paid on October 17, 2022, to shareholders of record as of October 13, 2022.

What is the annualized dividend rate for GNL shares?

The annualized dividend rate for GNL shares is $1.60 per share.

Are there any risks associated with GNL's dividend payments?

Yes, risks include the ongoing COVID-19 pandemic and geopolitical instability due to the Russia-Ukraine conflict.

How often does GNL declare dividends?

GNL declares dividends on a quarterly basis.