Breaking News

Wednesday
Show Full Stories

X

To view all stories in expanded form, please subscribe.
Send Info
Earnings
Global Net Lease reports Q2 AFFO 44c, consensus 44c » 06:04
08/05/20
08/05
06:04
08/05/20
06:04
GNL

Global Net Lease

$16.67 /

+0.29 (+1.77%)

Reports Q2 revenue…

Reports Q2 revenue $81.11M, one estimate $79.96M. "In the face of the unprecedented challenges presented by COVID, the GNL portfolio has continued to perform at the highest levels. Due to the strength of the underlying assets making up the portfolio, which features primarily investment grade tenants that are diversified across the United States and Europe, we collected 98% of the cash rent due in one of the toughest quarters in my career," commented James Nelson, CEO of GNL. He continued, "At the same time, we have remained disciplined around our long-range objectives. We completed several important financing transactions at historically low interest rates while closing on eight industrial and office acquisitions, further enhancing our balance sheet and portfolio."

ShowHide Related Items >><<
GNL Global Net Lease
$16.67 /

+0.29 (+1.77%)

GNL Global Net Lease
$16.67 /

+0.29 (+1.77%)

06/30/20 Berenberg
Global Net Lease initiated with a Buy at Berenberg
06/08/20 JMP Securities
Global Net Lease resumed with a Market Perform at JMP Securities
02/10/20 BTIG
Global Net Lease initiated with a Buy at BTIG
10/31/19 Aegis
Global Net Lease initiated with a Buy at Aegis
GNL Global Net Lease
$16.67 /

+0.29 (+1.77%)

Over a month ago
Hot Stocks
Global Net Lease reports 98% of rent due in Q2 has been received » 06:04
07/08/20
07/08
06:04
07/08/20
06:04
GNL

Global Net Lease

$16.67 /

-0.345 (-2.03%)

Global Net Lease…

Global Net Lease announced that 98% of the original cash rent due for Q2 has been received as of July 6, including 99% of the original cash rent due from the company's assets in the United Kingdom and 100% of the original cash rent due from the company's assets in the rest of Europe.

ShowHide Related Items >><<
GNL Global Net Lease
$16.67 /

-0.345 (-2.03%)

GNL Global Net Lease
$16.67 /

-0.345 (-2.03%)

06/30/20 Berenberg
Global Net Lease initiated with a Buy at Berenberg
06/08/20 JMP Securities
Global Net Lease resumed with a Market Perform at JMP Securities
02/10/20 BTIG
Global Net Lease initiated with a Buy at BTIG
10/31/19 Aegis
Global Net Lease initiated with a Buy at Aegis
GNL Global Net Lease
$16.67 /

-0.345 (-2.03%)

Conference/Events
Global Net Lease management to meet virtually with JMP Securities » 04:55
07/07/20
07/07
04:55
07/07/20
04:55
GNL

Global Net Lease

$17.01 /

+0.27 (+1.61%)

Virtual Meeting to be…

Virtual Meeting to be held on July 7 hosted by JMP Securities.

ShowHide Related Items >><<
GNL Global Net Lease
$17.01 /

+0.27 (+1.61%)

GNL Global Net Lease
$17.01 /

+0.27 (+1.61%)

06/30/20 Berenberg
Global Net Lease initiated with a Buy at Berenberg
06/08/20 JMP Securities
Global Net Lease resumed with a Market Perform at JMP Securities
02/10/20 BTIG
Global Net Lease initiated with a Buy at BTIG
10/31/19 Aegis
Global Net Lease initiated with a Buy at Aegis
GNL Global Net Lease
$17.01 /

+0.27 (+1.61%)

Conference/Events
Global Net Lease management to meet virtually with JMP Securities » 11:25
06/30/20
06/30
11:25
06/30/20
11:25
GNL

Global Net Lease

$16.61 /

+0.21 (+1.28%)

Virtual Meeting to be…

Virtual Meeting to be held on July 7 hosted by JMP Securities.

ShowHide Related Items >><<
GNL Global Net Lease
$16.61 /

+0.21 (+1.28%)

GNL Global Net Lease
$16.61 /

+0.21 (+1.28%)

06/30/20 Berenberg
Global Net Lease initiated with a Buy at Berenberg
06/08/20 JMP Securities
Global Net Lease resumed with a Market Perform at JMP Securities
02/10/20 BTIG
Global Net Lease initiated with a Buy at BTIG
10/31/19 Aegis
Global Net Lease initiated with a Buy at Aegis
GNL Global Net Lease
$16.61 /

+0.21 (+1.28%)

Initiation
Global Net Lease initiated with a Buy at Berenberg » 06:51
06/30/20
06/30
06:51
06/30/20
06:51
GNL

Global Net Lease

$16.40 /

+0.42 (+2.63%)

Berenberg analyst Nate…

Berenberg analyst Nate Crossett initiated coverage of Global Net Lease with a Buy rating and $22 price target.

ShowHide Related Items >><<
GNL Global Net Lease
$16.40 /

+0.42 (+2.63%)

GNL Global Net Lease
$16.40 /

+0.42 (+2.63%)

06/08/20 JMP Securities
Global Net Lease resumed with a Market Perform at JMP Securities
02/10/20 BTIG
Global Net Lease initiated with a Buy at BTIG
10/31/19 Aegis
Global Net Lease initiated with a Buy at Aegis
09/26/19 DA Davidson
Global Net Lease initiated with a Neutral at DA Davidson
GNL Global Net Lease
$16.40 /

+0.42 (+2.63%)

Initiation
Global Net Lease resumed with a Market Perform at JMP Securities » 06:41
06/08/20
06/08
06:41
06/08/20
06:41
GNL

Global Net Lease

$16.54 /

+0.865 (+5.52%)

JMP Securities analyst…

JMP Securities analyst Aaron Hecht resumed coverage of Global Net Lease with a Market Perform rating. The REIT's significant portfolio diversification is an "incremental negative" because it reduces his ability to risk assess across its assets compared to most REIT peers, the analyst tells investors in a research note. Hecht adds that his highest concern is the company's office exposure as virtual work becomes more commonplace and social distancing reduces employee density per square foot.

ShowHide Related Items >><<
GNL Global Net Lease
$16.54 /

+0.865 (+5.52%)

GNL Global Net Lease
$16.54 /

+0.865 (+5.52%)

02/10/20 BTIG
Global Net Lease initiated with a Buy at BTIG
10/31/19 Aegis
Global Net Lease initiated with a Buy at Aegis
09/26/19 DA Davidson
Global Net Lease initiated with a Neutral at DA Davidson
09/26/19 DA Davidson
Global Net Lease initiated with a Neutral at DA Davidson
GNL Global Net Lease
$16.54 /

+0.865 (+5.52%)

Conference/Events
Global Net Lease management to meet virtually with BTIG » 07:47
05/22/20
05/22
07:47
05/22/20
07:47
GNL

Global Net Lease

$13.87 /

-0.13 (-0.93%)

Virtual Meeting to be…

Virtual Meeting to be held on May 22 hosted by BTIG.

ShowHide Related Items >><<
GNL Global Net Lease
$13.87 /

-0.13 (-0.93%)

GNL Global Net Lease
$13.87 /

-0.13 (-0.93%)

02/10/20 BTIG
Global Net Lease initiated with a Buy at BTIG
10/31/19 Aegis
Global Net Lease initiated with a Buy at Aegis
09/26/19 DA Davidson
Global Net Lease initiated with a Neutral at DA Davidson
09/26/19 DA Davidson
Global Net Lease initiated with a Neutral at DA Davidson
GNL Global Net Lease
$13.87 /

-0.13 (-0.93%)

Over a quarter ago
Hot Stocks
Global Net Lease adopts short-term stockholder rights plan » 17:42
04/09/20
04/09
17:42
04/09/20
17:42
GNL

Global Net Lease

$13.73 /

+1.25 (+10.02%)

Global Net Lease has…

Global Net Lease has approved a short-term stockholder rights plan due to the substantial volatility in the trading of the company's common stock resulting from the ongoing COVID-19 pandemic. GNL's Plan is designed to reduce the likelihood that any person or group would gain control of GNL through open market accumulation of stock by imposing significant penalties upon any person or group that acquires 4.9% or more of the outstanding shares of the Common Stock without the approval of the Board. The rights will initially trade with Common Stock and will generally only become exercisable on the 10th business day after the Board becomes aware that a person or entity has become the owner of 4.9% or more of the shares of Common Stock or the commencement of a tender or exchange offer which would result in the offeror becoming an owner of 4.9% or more of the Common Stock. The Plan expires on April 8, 2021 unless the Plan is amended or the Rights are earlier exercised, exchanged or redeemed.

ShowHide Related Items >><<
GNL Global Net Lease
$13.73 /

+1.25 (+10.02%)

02/10/20 BTIG
Global Net Lease initiated with a Buy at BTIG
10/31/19 Aegis
Global Net Lease initiated with a Buy at Aegis
09/26/19 DA Davidson
Global Net Lease initiated with a Neutral at DA Davidson
09/26/19 DA Davidson
Global Net Lease initiated with a Neutral at DA Davidson
Hot Stocks
Global Net Lease cuts annualized dividend to $1.30 per share from $2.13 » 06:05
03/30/20
03/30
06:05
03/30/20
06:05
GNL

Global Net Lease

$13.79 /

-1.31 (-8.68%)

Global Net Lease…

Global Net Lease announced that its board has approved a reduction in the company's annualized dividend to $1.60 per share of common stock from $2.13 per share due to limited visibility on the long-term impact of the COVID-19 virus. The company is taking this action to proactively preserve cash for the continued long term operation of the Company as well as for potential business opportunities.

ShowHide Related Items >><<
GNL Global Net Lease
$13.79 /

-1.31 (-8.68%)

02/10/20 BTIG
Global Net Lease initiated with a Buy at BTIG
10/31/19 Aegis
Global Net Lease initiated with a Buy at Aegis
09/26/19 DA Davidson
Global Net Lease initiated with a Neutral at DA Davidson
09/26/19 DA Davidson
Global Net Lease initiated with a Neutral at DA Davidson
Hot Stocks
Global Net Lease releases statement regarding COVID-19 pandemic » 06:16
03/19/20
03/19
06:16
03/19/20
06:16
GNL

Global Net Lease

$9.03 /

-2.855 (-24.03%)

Global Net Lease issued…

Global Net Lease issued the following statement regarding the on-going COVID-19 pandemic. "As we're all focused on the current COVID-19 pandemic, we wanted to provide a corporate update to our shareholders. Our portfolio remains strong and we're focused on executing on our business plan, including closing on accretive acquisitions and refinancing loans by taking advantage of historically low interest rates... The strength of our portfolio is, and always has been, the foundation of our Company's success. For years, we have focused on the overall tenant creditworthiness of our portfolio to help insulate us during times of economic uncertainty and to further increase the stability of rental income. We believe the dependability of GNL's rental income coupled with our thorough underwriting will insulate us from any potential short-term headwinds. We have continuously monitored and culled our portfolio to prioritize credit quality, diversification and duration while limiting any potential credit challenges, as evidenced by the reduction of our portfolio retail concentration to only 5% of annualized straight-line rent as of December 31, 2019. We believe our commitment to this initiative will keep our portfolio best-in-class and performing during uncertain times like this. As of December 31, 2019, 90% of our top ten tenants, representing a significant portion of our annualized straight-line rent, are actual or implied investment grade rated. Our overall portfolio is highly diversified, with leases to 124 different companies across 45 industries in 39 U.S. states and 8 different countries. Further, over 74% of the Company's tenants represent 1% or less of our straight-line rent on an individual basis. We also generate a significant portion of the Company's straight-line rent from sectors that we believe are in demand at the current time (such as distribution) or strategically important to consumer staple companies. As of December 31, 2019, only 5% of our portfolio is leased to retail tenants, while 46% is leased to industrial or distribution tenants. We have ample liquidity to take advantage of attractive acquisition opportunities currently in the market. We continue to seek and close on our robust pipeline of acquisitions of industrial and distribution assets leased to credit worthy tenants while partnering with developers, private equity firms, franchise operators, owners and brokers as we build on our long-term, accretive relationships. While equity markets remain volatile, we are exploring options to refinance certain pieces of debt to take advantage of the dislocation in the markets. We are working closely with our banking partners and believe that we may be able to further lower the interest rates on some of our existing loans as we're seeing record low treasury yields and Federal Funds rate.We will continue to evaluate and act on opportunities for accretive acquisitions and attractive financing terms that may result from the current turbulence in the markets and remain confident in our well-constructed portfolio and the dependability of our diversified rental income. We want to thank our loyal shareholders and wish you and your families good health during this time."

ShowHide Related Items >><<
GNL Global Net Lease
$9.03 /

-2.855 (-24.03%)

02/10/20 BTIG
Global Net Lease initiated with a Buy at BTIG
10/31/19 Aegis
Global Net Lease initiated with a Buy at Aegis
09/26/19 DA Davidson
Global Net Lease initiated with a Neutral at DA Davidson
09/26/19 DA Davidson
Global Net Lease initiated with a Neutral at DA Davidson

Get Full Fly Access

Breaking market intelligence sent straight to you
Our team of experts analyze every news story and filter out the noise to deliver real-time market moving news.
Up-to-date information on important industry events
Get real-time updates on events that are moving the market—from conferences and calls to syndicate announcements.
News focused on the companies in your portfolio
Create up to 12 portfolios with 150 stocks each, and see how active they are in market news.