Global Net Lease, Inc. Announces Preferred Stock Dividends

Rhea-AI Summary

Global Net Lease (GNL) announced quarterly dividends for its preferred stockholders. Shareholders of Series A, B, D, and E Preferred Stocks will receive dividends of $0.453125, $0.4296875, $0.46875, and $0.4609375 per share, respectively. These dividends will be payable on July 15, 2024, to shareholders on record as of July 5, 2024. The dividends reflect the yields of 7.25%, 6.875%, 7.50%, and 7.375% for Series A, B, D, and E Preferred Stocks.

Positive

• Quarterly dividends declared on all preferred stocks.
• Consistent dividend yields for Series A, B, D, and E Preferred Stocks.

Negative

• None.

NEW YORK, June 20, 2024 (GLOBE NEWSWIRE) -- Global Net Lease, Inc. (“GNL” or the “Company”) (NYSE: GNL/ GNL PRA / GNL PRB / GNL PRD / GNL PRE) announced today that it declared quarterly dividends on its outstanding preferred stock. Specifically, GNL declared (i) a dividend of $0.453125 per share on its 7.25% Series A Cumulative Redeemable Preferred Stock (“Series A Preferred Stock”), payable on July 15, 2024, to holders of record of shares of its Series A Preferred Stock at the close of business on July 5, 2024, (ii) a dividend of $0.4296875 per share on its 6.875% Series B Cumulative Redeemable Perpetual Preferred Stock (“Series B Preferred Stock”) payable on July 15, 2024 to holders of record of shares of its Series B Preferred Stock at the close of business on July 5, 2024, (iii) a dividend of $0.46875 per share on its 7.50% Series D Cumulative Redeemable Perpetual Preferred Stock (“Series D Preferred Stock”) payable on July 15, 2024 to holders of record of shares of its Series D Preferred Stock at the close of business on July 5, 2024, and (iv) a dividend of $0.4609375 per share on its 7.375% Series E Cumulative Redeemable Perpetual Preferred Stock (“Series E Preferred Stock”) payable on July 15, 2024 to holders of record of shares of its Series E Preferred Stock at the close of business on July 5, 2024.

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 and capital availability 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

FAQ

When will GNL pay dividends on its preferred stock?

GNL will pay dividends on its preferred stock on July 15, 2024.

What are the dividend amounts for GNL's preferred stocks?

The dividend amounts are $0.453125 for Series A, $0.4296875 for Series B, $0.46875 for Series D, and $0.4609375 for Series E.

What are the dividend yields for GNL's preferred stocks?

The yields are 7.25% for Series A, 6.875% for Series B, 7.50% for Series D, and 7.375% for Series E.

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

The record date for GNL's preferred stock dividends is July 5, 2024.

Which series of GNL preferred stock are included in the dividend announcement?

The series included are Series A, Series B, Series D, and Series E.