Global Net Lease, Inc. - GNL STOCK NEWS

Blackwells Capital issued a letter urging shareholders of Global Net Lease (NYSE: GNL) to vote for two independent director candidates at the upcoming annual meeting on May 18, 2023. The letter highlights poor financial performance, alleging a 64% stock price decline since GNL's IPO in 2015 and total value destruction of approximately $2.1 billion linked to self-dealing by AR Global. Blackwells criticizes the board for its conflicts of interest, noting that AR Global has received $383 million in fees while GNL has experienced 11 dilutive stock offerings totaling $662 million, negatively impacting shareholder value. Blackwells calls for governance reforms to enhance accountability and restore shareholder trust.

Global Net Lease, Inc. (GNL) announced the execution of seven lease renewals during Q1 2023, covering approximately 678,500 square feet with a new weighted-average remaining lease term of 7.0 years. These leases are projected to generate over $6.77 million in straight-line rent. The renewals included tenants in Germany, the United Kingdom, and the United States. CEO James Nelson noted an aggregate increase of over $270,000 in straight-line rent, emphasizing the company's strategy of securing long-term leases with existing high-quality tenants. GNL is focused on enhancing shareholder value through effective asset management and maintaining a nearly fully leased portfolio.

Global Net Lease, Inc. (GNL) announced a quarterly dividend of $0.40 per share for its common stock, set to be paid on April 17, 2023. Stockholders of record as of April 13, 2023 will receive this dividend, reflecting the company's commitment to returning value to its shareholders.

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.

Global Net Lease (NYSE: GNL) announced its financial results for Q4 and full-year 2022 on Feb. 23, 2023. For the full year, revenue reached $378.9 million, a 1% increase year-over-year. However, the company reported a net loss of $8.4 million or $0.09 per diluted share. The fourth quarter revenue was $93.9 million, down from $106.5 million in Q4 2021. Core FFO was $25.3 million and AFFO was $42.2 million. The portfolio remains 98.0% leased with an average remaining lease term of 8.0 years. Additionally, GNL acquired properties worth $75.5 million in the UK post-quarter.

Blackwells Capital has released a presentation for shareholders of Global Net Lease (GNL) and Necessity Retail REIT (RTL), highlighting concerns about the company's external manager, AR Global. The presentation claims that AR Global's mismanagement has led to losses of $838 million for GNL and RTL shareholders. Blackwells proposes to eliminate these management agreements and has outlined a plan to enhance shareholder value, including installing new directors and creating committees aimed at improving corporate governance. The initiative aims to address perceived undervaluation and management issues affecting GNL and RTL.

Global Net Lease (NYSE: GNL) announced that it will release its fourth quarter and full year financial results for 2022 on February 23, 2023. The company will host a conference call at 8:00 a.m. ET on the same day to discuss these results and provide insights on business performance. Participants can access the call via the GNL website and a replay will be available shortly after. GNL, focused on acquiring a diversified portfolio of commercial properties, is subject to risks including the impact of the COVID-19 pandemic and geopolitical instability, which may affect future acquisitions and financial performance.

Global Net Lease (GNL) has acquired eight properties in the UK for £61 million ($75 million) at a 10.6% cap rate. These properties, leased to Walgreens Boots Alliance, cover over 325,000 square feet with an average remaining lease term of 11.5 years. Additionally, GNL announced a five-year lease extension with Rheinmetall in Germany, extending through 2028 without improvement costs. In Q4 2022, GNL engaged in nearly 600,000 square feet of leasing activities, showcasing its robust portfolio strategy of long-term investments in high-credit-rated tenants. CEO James Nelson emphasized the company's commitment to portfolio growth and stability.

Global Net Lease, Inc. (GNL) has confirmed its commitment to distribute dividends at an annualized rate of $1.60 per share, with quarterly payments of $0.40 per share. This quarterly dividend is set for payment on January 17, 2023, to shareholders of record as of January 13, 2023. The company focuses on acquiring a diversified portfolio of commercial properties, primarily through sale-leaseback transactions across the U.S. and Europe.