Global Net Lease ( (GNL) ) has shared an announcement.
On February 27, 2025, Global Net Lease announced its financial results for the fourth quarter and full year 2024, highlighting significant achievements such as completing $835 million in dispositions and reducing net debt by $734 million. The company exceeded its full-year earnings guidance and improved its net debt to adjusted EBITDA ratio. Additionally, GNL entered a binding agreement to sell its multi-tenant portfolio for approximately $1.8 billion, aiming to transform into a pure-play, single-tenant net lease company, which would enhance its portfolio metrics, reduce leverage, and improve liquidity. This strategic move, along with a $300 million share repurchase program, underscores GNL’s commitment to sustainable growth and shareholder value.
More about Global Net Lease
Global Net Lease, Inc. (NYSE: GNL) is an internally managed real estate investment trust that focuses on acquiring and managing a globally diversified portfolio of strategically-located commercial real estate properties. The company operates in four segments: Industrial & Distribution, Multi-Tenant Retail, Single-Tenant Retail, and Office, with a significant presence in the U.S., Canada, and Europe.
YTD Price Performance: 5.56%
Average Trading Volume: 1,391,719
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $1.71B
See more data about GNL stock on TipRanks’ Stock Analysis page.