Global Net Lease, Inc. Announces Preferred Stock Dividends

Rhea-AI Summary

Global Net Lease (GNL) announced its intention to maintain quarterly dividends for its preferred stocks. The 7.25% Series A Preferred Stock will pay an annualized dividend of $1.8125 per share, translating to $0.453125 quarterly, payable on October 17, 2022. The 6.875% Series B Preferred Stock will see a quarterly dividend of $0.4296875 from an annualized rate of $1.71875, also payable on October 17, 2022. Shareholders of record must be on the list by October 7, 2022.

Positive

• Continued commitment to quarterly dividends enhances income for shareholders.
• Both Series A and Series B Preferred Stocks show strong annualized rates of return.

Negative

• Potential market and geopolitical risks may impact future dividend sustainability.
• Uncertainties regarding acquisitions could affect GNL’s growth prospects.

NEW YORK, Sept. 23, 2022  /PRNewswire/ -- Global Net Lease, Inc. ("GNL") (NYSE: GNL/ GNL PRA / GNL PRB) announced today that it intends to continue to pay dividends on a quarterly basis on its 7.25% Series A Cumulative Redeemable Preferred Stock (the "Series A Preferred Stock") at an annualized rate of $1.8125 per share or $0.453125 per share on a quarterly basis.  Dividends on the Series A Preferred Stock are payable in arrears to Series A Preferred Stock holders of record at the close of business on the applicable record date and payable on the 15th day of the first month of each fiscal quarter (or, if not a business day, the next succeeding business day).

Accordingly, GNL declared a dividend of $0.453125 per share of Series A Preferred payable on October 17, 2022 to Series A Preferred Stock holders of record at the close of business on October 7, 2022.

In addition, GNL announced today that it intends to continue to pay dividends on a quarterly basis on its 6.875% Series B Cumulative Redeemable Perpetual Preferred Stock (the "Series B Preferred Stock") at an annualized rate of $1.71875 per share or $0.4296875 per share on a quarterly basis.  Dividends on the Series B Preferred Stock are payable in arrears to Series B Preferred Stock holders of record at the close of business on the applicable record date and payable on the 15th day of the first month of each fiscal quarter (or, if not a business day, the next succeeding business day).

Accordingly, GNL declared a dividend of $0.4296875 per share of Series B Preferred Stock payable on October 17, 2022 to Series B Preferred Stock holders of record at the close of business on October 7, 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 for GNL Series A Preferred Stock?

The dividend amount for GNL Series A Preferred Stock is $0.453125 per share.

When will GNL pay dividends on its Series B Preferred Stock?

GNL will pay dividends on its Series B Preferred Stock on October 17, 2022.

What is the annualized dividend rate for GNL Series B Preferred Stock?

The annualized dividend rate for GNL Series B Preferred Stock is $1.71875 per share.

What is the record date for GNL's preferred stock dividends?

The record date for GNL's preferred stock dividends is October 7, 2022.

How frequently does GNL pay dividends on its preferred stocks?

GNL pays dividends on its preferred stocks on a quarterly basis.