Global Net Lease, Inc. Announces Preferred Stock Dividends

Rhea-AI Summary

On March 27, 2023, Global Net Lease (NYSE: GNL, GNL PRA, GNL PRB) declared quarterly dividends on its preferred stock. A dividend of $0.453125 per share will be paid on the 7.25% Series A Cumulative Redeemable Preferred Stock and $0.4296875 on the 6.875% Series B Cumulative Redeemable Preferred Stock, both payable on April 17, 2023. Shareholders must be on record by the close of business on April 6, 2023. GNL focuses on acquiring commercial properties, emphasizing net-leased assets across the U.S. and Europe.

Positive

• Quarterly dividend declared at $0.453125 for Series A and $0.4296875 for Series B, signifying ongoing shareholder returns.
• Dividends indicate continued confidence in financial stability and cash flow management.

Negative

• Potential risks related to the ongoing COVID-19 pandemic and geopolitical instability affecting performance.
• Inflationary conditions and higher interest rates could pose challenges for future financial stability.

NEW YORK, March 27, 2023 /PRNewswire/ -- Global Net Lease, Inc. ("GNL") (NYSE: GNL/ GNL PRA / GNL PRB) announced today that it declared quarterly dividends on its outstanding preferred stock.  Specifically, GNL declared a dividend of $0.453125 per share on its 7.25% Series A Cumulative Redeemable Preferred Stock (the "Series A Preferred Stock") payable on April 17, 2023, to holders of record at the close of business on April 6, 2023.  In addition, GNL declared a dividend of $0.4296875 per share on its 6.875% Series B Cumulative Redeemable Preferred Stock payable on April 17, 2023, to holders of record at the close of business on April 6, 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 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 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 potential adverse effects of (i) the ongoing global COVID-19 pandemic, including actions taken to contain or treat COVID-19, (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 the Company, the Company's tenants and the global economy and financial markets, and (iii) inflationary conditions and higher interest rate environments, as well as those set forth in the Risk Factors section of the Company's most recent Annual Report on Form 10-K for the year ended December 31, 2022 filed on February 23, 2023, and all other filings with the SEC after that date, 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 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 the dividend amount for GNL's preferred stock declared on March 27, 2023?

Global Net Lease declared a dividend of $0.453125 for Series A and $0.4296875 for Series B preferred stock.

When will the dividends for GNL be paid?

The dividends will be paid on April 17, 2023.

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

The record date for the dividends is April 6, 2023.

How does the current geopolitical situation impact GNL?

GNL faces risks related to geopolitical instability, particularly due to the ongoing conflict between Russia and Ukraine.