Global Net Lease, Inc. Announces Preferred Stock Dividends

Rhea-AI Summary

Global Net Lease, Inc. (GNL) has announced its intention to continue paying dividends on its Series A and Series B Cumulative Redeemable Preferred Stocks. The Series A Preferred Stock will yield an annualized rate of $1.8125 per share, equating to $0.453125 per quarter, with a payment date set for July 15, 2022. The Series B Preferred Stock will provide an annualized rate of $1.71875 per share, or $0.4296875 quarterly, also payable on July 15, 2022. Both dividends are payable to holders of record by July 5, 2022.

Positive

• Quarterly dividends declared for Series A and B Preferred Stocks indicate ongoing financial health.
• Dividend of $0.453125 per share for Series A and $0.4296875 for Series B enhances shareholder returns.

Negative

• None.

NEW YORK, June 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 Stock payable on July 15, 2022 to Series A Preferred Stock holders of record at the close of business on July 5, 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 July 15, 2022 to Series B Preferred Stock holders of record at the close of business on July 5, 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. In addition, 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 other countries, as well as other public and private actors and companies, 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 SEC 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 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 are the dividend details for GNL's Series A Preferred Stock?

GNL's Series A Preferred Stock pays a quarterly dividend of $0.453125, with an annualized rate of $1.8125.

When will GNL's Series A and B Preferred Stock dividends be paid?

Dividends for both Series A and B Preferred Stocks will be paid on July 15, 2022.

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

The payment date for the preferred stock dividends is July 15, 2022.

What is the dividend frequency for GNL's preferred stocks?

Global Net Lease pays dividends on a quarterly basis for both Series A and B Preferred Stocks.

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

The record date for the preferred stock dividends is July 5, 2022.