Global Net Lease Successfully Closes First Phase of Multi-Tenant Portfolio Sale
Global Net Lease (NYSE: GNL) has successfully completed the first phase of its multi-tenant portfolio sale to RCG Ventures, on March 25, 2025. The initial closing involved 59 unencumbered properties, generating approximately $1.1 billion in gross proceeds.
The company expects to complete the sale of the remaining 41 encumbered properties in two additional phases by the end of Q2 2025. GNL plans to utilize the net proceeds to significantly reduce leverage and pay down its Revolving Credit Facility balance.
Global Net Lease (NYSE: GNL) ha completato con successo la prima fase della vendita del suo portafoglio multi-tenant a RCG Ventures, il 25 marzo 2025. La chiusura iniziale ha coinvolto 59 proprietà non gravate, generando circa 1,1 miliardi di dollari in proventi lordi.
L'azienda prevede di completare la vendita delle restanti 41 proprietà gravate in due fasi aggiuntive entro la fine del secondo trimestre del 2025. GNL intende utilizzare i proventi netti per ridurre significativamente il leverage e ripagare il saldo della sua linea di credito revolving.
Global Net Lease (NYSE: GNL) ha completado con éxito la primera fase de la venta de su cartera multi-inquilino a RCG Ventures, el 25 de marzo de 2025. El cierre inicial involucró 59 propiedades sin cargas, generando aproximadamente 1.1 mil millones de dólares en ingresos brutos.
La empresa espera completar la venta de las 41 propiedades gravadas restantes en dos fases adicionales para finales del segundo trimestre de 2025. GNL planea utilizar los ingresos netos para reducir significativamente su apalancamiento y pagar el saldo de su línea de crédito revolvente.
글로벌 넷 리스 (NYSE: GNL)는 2025년 3월 25일 RCG 벤처스에 다세대 포트폴리오 판매의 첫 번째 단계를 성공적으로 완료했습니다. 초기 마감은 59개의 부담 없는 자산을 포함하여 약 11억 달러의 총 수익을 창출했습니다.
회사는 2025년 2분기 말까지 나머지 41개의 부담 있는 자산 판매를 두 개의 추가 단계로 완료할 것으로 예상하고 있습니다. GNL은 순수익을 활용하여 레버리지를 크게 줄이고 회전 신용 시설 잔액을 상환할 계획입니다.
Global Net Lease (NYSE: GNL) a réussi à compléter la première phase de la vente de son portefeuille multi-locataires à RCG Ventures, le 25 mars 2025. La clôture initiale a impliqué 59 propriétés non grevées, générant environ 1,1 milliard de dollars de recettes brutes.
L'entreprise s'attend à finaliser la vente des 41 propriétés grevées restantes en deux phases supplémentaires d'ici la fin du deuxième trimestre 2025. GNL prévoit d'utiliser les produits nets pour réduire considérablement son effet de levier et rembourser le solde de sa facilité de crédit renouvelable.
Global Net Lease (NYSE: GNL) hat erfolgreich die erste Phase des Verkaufs seines Multi-Tenant-Portfolios an RCG Ventures am 25. März 2025 abgeschlossen. Der erste Abschluss umfasste 59 unbelastete Immobilien und erzielte etwa 1,1 Milliarden Dollar an Bruttoeinnahmen.
Das Unternehmen erwartet, den Verkauf der verbleibenden 41 belasteten Immobilien in zwei weiteren Phasen bis Ende des zweiten Quartals 2025 abzuschließen. GNL plant, die Nettoerlöse zu nutzen, um die Verschuldung erheblich zu reduzieren und den Saldo seiner revolvierenden Kreditfazilität zu tilgen.
- Successfully closed first phase of portfolio sale generating $1.1 billion in gross proceeds
- Significant debt reduction and leverage improvement expected from proceeds
- Enhanced balance sheet and liquidity position
- On track to complete remaining property sales by Q2 2025
- Substantial reduction in property portfolio size and potential rental income stream
- Initial Closing Generates Approximately
NEW YORK, March 26, 2025 (GLOBE NEWSWIRE) -- Global Net Lease, Inc. (NYSE: GNL) (“GNL” or the “Company”) announced the successful closing of the first phase of the sale of its multi-tenant portfolio to RCG Ventures, LLC on March 25, 2025. This initial phase includes 59 unencumbered properties, totaling approximately
GNL expects to remain on schedule to complete the sale of the 41 encumbered properties in two additional phases by the end of the second quarter of 2025. GNL intends to use the net proceeds from the multi-tenant portfolio sale to significantly reduce leverage and pay down the outstanding balance on GNL’s Revolving Credit Facility.
“We are pleased with the progress of the multi-tenant portfolio sale, as demonstrated by the closing of the unencumbered portfolio,” said Michael Weil, CEO of GNL. “Completing this first phase reflects our disciplined execution of the plan we outlined on our Q4 2024 earnings call. This important milestone of our strategic transaction accelerates our deleveraging plan and further strengthens our balance sheet and liquidity. We believe it represents a significant step toward unlocking potential value in GNL by enhancing our capital structure, lowering our cost of capital, and providing the financial flexibility to support long-term growth.”
About Global Net Lease, Inc.
Global Net Lease, Inc. (NYSE: GNL) is a publicly traded internally managed real estate investment trust that focuses on acquiring and managing a global portfolio of income producing net lease assets across the U.S., 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 that any potential future acquisition or disposition (including the proposed closing of the unencumbered properties portion of the multi-tenant portfolio) by the Company is subject to market conditions, capital availability and timing considerations 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 the Company’s 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
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