Global Net Lease ( (GNL) ) just unveiled an update.
On February 25, 2025, Global Net Lease, Inc. announced a significant transaction involving the sale of a multi-tenant retail portfolio to RCG Ventures Holdings, LLC for approximately $1.78 billion. This sale is a strategic move to accelerate the company’s deleveraging plan, transforming it into a pure-play, single-tenant net lease company. The transaction is expected to close in phases by mid-2025, with anticipated benefits including reduced leverage, improved liquidity, and enhanced portfolio metrics. Additionally, the company has authorized a $300 million share repurchase program, reflecting its commitment to optimizing shareholder value.
More about Global Net Lease
Global Net Lease, Inc. is a publicly traded real estate investment trust listed on the NYSE, focusing on acquiring and managing a global portfolio of income-producing net lease assets across the United States, and Western and Northern Europe.
YTD Price Performance: 3.42%
Average Trading Volume: 1,380,501
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $1.67B
For detailed information about GNL stock, go to TipRanks’ Stock Analysis page.