Global Net Lease, Inc. - GNL STOCK NEWS

Global Net Lease (GNL) reported a revenue increase of 7.8% for 2020, totaling $330.1 million. However, the company faced a net loss of $7.8 million compared to a net income of $34.5 million in 2019. Despite these challenges, the Net Operating Income (NOI) grew by 7.1% to $297.7 million. The portfolio maintained high occupancy at 99.7% leased. GNL also completed a $500 million senior unsecured note offering and expanded its footprint into Italy and Spain. For Q4 2020, revenue reached $87 million, with a core FFO of $26.3 million.

Global Net Lease (NYSE: GNL) has announced it will release its financial results for the fourth quarter and year ended December 31, 2020, on February 24, 2021, prior to market open. A conference call will take place on the same day at 11:00 a.m. ET, where GNL's management will discuss the results and business performance. Investors can access the call via the GNL website. The company specializes in acquiring diversified commercial properties, focusing on single-tenant, mission-critical net-leased assets across the U.S. and Europe.

Global Net Lease (GNL) reported a strong fourth quarter of 2020, collecting 97% of the original cash rent due by January 6, 2021. The company also acquired seven properties for approximately $290 million, primarily industrial assets in the U.S., with a weighted average cap rate of 7.2% and an average remaining lease term of 9.6 years. For the entire year, GNL acquired 28 properties totaling $461.2 million, indicating a robust investment strategy amid challenging market conditions.

Global Net Lease announced a quarterly dividend of $0.40 per share, totaling an annualized rate of $1.60, payable on January 15, 2021. This dividend is for stockholders of record as of January 11, 2021. The REIT focuses on acquiring a diversified global portfolio of commercial properties, particularly through sale-leaseback transactions across the United States and Northern Europe. The company continues to express confidence in maintaining its dividend payments amid ongoing economic uncertainties.

Global Net Lease (NYSE: GNL) announced its intention to continue paying quarterly dividends on its preferred stocks. The company declared a dividend of $0.453125 per share for its 7.25% Series A Preferred Stock, payable on January 15, 2021. Additionally, a dividend of $0.4296875 per share for its 6.875% Series B Preferred Stock will also be paid on the same date. Both dividends are due to stockholders of record as of January 5, 2021.

Global Net Lease (NYSE: GNL) successfully completed a $500 million senior unsecured note offering on December 16, 2020, featuring a 3.75% interest rate and maturing on December 15, 2027. The offering received an investment-grade rating of BBB- from S&P and BB+ from Fitch. The proceeds will strengthen GNL's capital structure by repaying existing debts, including $88 million of secured debt, and improve its average debt maturity from 5.1 to 5.7 years. This milestone is viewed as a significant step for GNL's growth and stability in the market.

Global Net Lease (GNL) has priced $500 million in new 3.750% Senior Notes due 2027. The offering will close around December 16, 2020, and will help GNL repay approximately $264 million under its Revolving Credit Facility, $88 million of secured loans, and $139 million of its Term Loan. The Notes are offered to qualified institutional buyers under Rule 144A and Regulation S of the Securities Act. GNL operates as a real estate investment trust, focusing on acquiring commercial properties in the U.S. and Europe.

Global Net Lease, Inc. (GNL) announced plans to offer $500 million of seven-year senior unsecured notes, subject to market conditions. The proceeds will primarily be used to repay amounts borrowed under its revolving credit facility and to partially repay a term loan. The notes will not be registered under the Securities Act and may be sold only to qualified institutional buyers or in offshore transactions. GNL focuses on acquiring a diversified portfolio of commercial properties, emphasizing mission-critical net-leased assets in the U.S. and Europe.

Global Net Lease, Inc. (GNL) reported a strong fourth quarter rent collection, with 97% of cash rent due received as of December 2, 2020. Notably, 98% was collected from UK assets and 99% from other European assets. CEO James Nelson highlighted the resilience of their portfolio, which remains over 99% occupied and includes 65% of rent from investment-grade tenants. GNL also announced the acquisition of four US industrial properties for $153 million, with a pipeline for future acquisitions totaling $139.8 million.