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Global Net Lease, Inc. Declares Quarterly Dividends on Preferred Stock

Quiver Quantitative ·  Dec 19 19:10

Global Net Lease, Inc. announced quarterly dividend declarations for its preferred stock, payable on January 15, 2025.

Quiver AI Summary

Global Net Lease, Inc. (GNL) announced the declaration of quarterly dividends on its preferred stock, set to be paid on January 15, 2025, to shareholders on record as of January 3, 2025. The dividends include $0.453125 per share for the 7.25% Series A Preferred Stock, $0.4296875 for the 6.875% Series B Preferred Stock, $0.46875 for the 7.50% Series D Preferred Stock, and $0.4609375 for the 7.375% Series E Preferred Stock. GNL is a publicly traded real estate investment trust focusing on acquiring and managing a portfolio of income-producing net lease assets across the U.S. and select European regions. The press release also includes a cautionary note regarding forward-looking statements and associated risks.

Potential Positives

  • The declaration of quarterly dividends demonstrates the company's commitment to returning value to shareholders.
  • All declared dividends are scheduled for payment on January 15, 2025, indicating a stable cash flow and financial health.
  • The preferred stock dividends provide an incentive for investors, potentially attracting new investment in the company.

Potential Negatives

  • The press release highlights that there are risks associated with the anticipated benefits of the merger with The Necessity Retail REIT, Inc., suggesting uncertainty around the success of this merger.
  • The forward-looking statements indicate that the company's future results may be materially different from current expectations, which could create investor concern about the company's stability.

FAQ

What dividends did Global Net Lease declare recently?

Global Net Lease declared quarterly dividends on its Series A, B, D, and E Preferred Stocks, payable on January 15, 2025.

When are the dividend payments due?

The dividend payments are scheduled for January 15, 2025, to shareholders of record as of January 3, 2025.

What are the amounts of the declared dividends?

The declared dividends are $0.453125 for Series A, $0.4296875 for Series B, $0.46875 for Series D, and $0.4609375 for Series E.

What is Global Net Lease's business focus?

Global Net Lease is a real estate investment trust that acquires and manages income-producing net lease assets in the U.S. and Europe.

Where can I find more information about Global Net Lease?

Additional information about Global Net Lease can be found on their official website at .

Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.


$GNL Insider Trading Activity

$GNL insiders have traded $GNL stock on the open market 8 times in the past 6 months. Of those trades, 2 have been purchases and 6 have been sales.

Here's a breakdown of recent trading of $GNL stock by insiders over the last 6 months:

  • NICHOLAS S SCHORSCH has traded it 8 times. They made 2 purchases, buying 200,000 shares and 6 sales, selling 1,483,350 shares.

To track insider transactions, check out Quiver Quantitative's insider trading dashboard.

$GNL Hedge Fund Activity

We have seen 158 institutional investors add shares of $GNL stock to their portfolio, and 146 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

  • BANK OF MONTREAL /CAN/ removed 3,090,219 shares (-99.1%) from their portfolio in Q3 2024
  • BALYASNY ASSET MANAGEMENT L.P. added 2,140,443 shares (+726.8%) to their portfolio in Q3 2024
  • DAVIDSON KEMPNER CAPITAL MANAGEMENT LP removed 1,337,000 shares (-100.0%) from their portfolio in Q3 2024
  • SCHONFELD STRATEGIC ADVISORS LLC removed 1,173,932 shares (-80.1%) from their portfolio in Q3 2024
  • CASTLEKNIGHT MANAGEMENT LP removed 1,111,436 shares (-65.9%) from their portfolio in Q3 2024
  • EDGESTREAM PARTNERS, L.P. removed 744,278 shares (-96.3%) from their portfolio in Q3 2024
  • UBS ASSET MANAGEMENT AMERICAS LLC removed 703,045 shares (-76.8%) from their portfolio in Q2 2024

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.

Full Release



NEW YORK, Dec. 19, 2024 (GLOBE NEWSWIRE) -- Global Net Lease, Inc. ("GNL" or the "Company") (NYSE: GNL/ GNL PRA / GNL PRB / GNL PRD / GNL PRE) announced today that it declared quarterly dividends on its outstanding preferred stock. Specifically, GNL declared (i) a dividend of $0.453125 per share on its 7.25% Series A Cumulative Redeemable Preferred Stock ("Series A Preferred Stock"), payable on January 15, 2025, to holders of record of shares of its Series A Preferred Stock at the close of business on January 3, 2025, (ii) a dividend of $0.4296875 per share on its 6.875% Series B Cumulative Redeemable Perpetual Preferred Stock ("Series B Preferred Stock") payable on January 15, 2025 to holders of record of shares of its Series B Preferred Stock at the close of business on January 3, 2025, (iii) a dividend of $0.46875 per share on its 7.50% Series D Cumulative Redeemable Perpetual Preferred Stock ("Series D Preferred Stock") payable on January 15, 2025 to holders of record of shares of its Series D Preferred Stock at the close of business on January 3, 2025, and (iv) a dividend of $0.4609375 per share on its 7.375% Series E Cumulative Redeemable Perpetual Preferred Stock ("Series E Preferred Stock") payable on January 15, 2025 to holders of record of shares of its Series E Preferred Stock at the close of business on January 3, 2025.




About Global Net Lease, Inc.



Global Net Lease, Inc. is a publicly traded real estate investment trust listed on the NYSE, which focuses on acquiring and managing a global portfolio of income producing net lease assets across the United States, and Western and Northern Europe. Additional information about GNL can be found on its website at





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Important Notice



The statements in this press release that are not historical facts may be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements involve risks and uncertainties that could cause the outcome to be materially different. The words such as "may," "will," "seeks," "anticipates," "believes," "expects," "estimates," "projects," "potential," "predicts," "plans," "intends," "would," "could," "should" and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. These forward-looking statements are subject to a number of risks, uncertainties and other factors, many of which are outside of the Company's control, which could cause actual results to differ materially from the results contemplated by the forward-looking statements. These risks and uncertainties include the risks associated with realization of the anticipated benefits of the merger with The Necessity Retail REIT, Inc. and the internalization of the Company's property management and advisory functions; that any potential future acquisition or disposition by the Company is subject to market conditions and capital availability and may not be identified or completed on favorable terms, or at all. Some of the risks and uncertainties, although not all risks and uncertainties, that could cause the Company's actual results to differ materially from those presented in its forward-looking statements are set forth in the "Risk Factors" and "Quantitative and Qualitative Disclosures about Market Risk" sections in the Company's Annual Report on Form 10-K, its Quarterly Reports on Form 10-Q, and all of its other filings with the U.S. Securities and Exchange Commission, as such risks, uncertainties and other important factors may be updated from time to time in the Company's subsequent reports. Further, forward-looking statements speak only as of the date they are made, and the Company undertakes no obligation to update or revise any forward-looking statement to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results over time, unless required by law.




Contacts:

Investor Relations
Email:


investorrelations@globalnetlease.com


Phone: (332) 265-2020



Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more
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