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An announcement from Global Net Lease ( (GNL) ) is now available.
Global Net Lease, Inc. has successfully advanced its 2024 strategic disposition plan by closing dispositions worth nearly $569 million through the third quarter and expects to reach a total of $870 million, including its pipeline. The company has been effectively enhancing its financial flexibility and positioning itself for growth by selling off assets, including $111 million worth of vacant properties, and using the proceeds to reduce debt. These moves are part of GNL’s long-term strategy to lower its net debt and cost of capital while maintaining its robust investment-grade portfolio.
Learn more about GNL stock on TipRanks’ Stock Analysis page.
