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Global Net Lease, Inc. (GNL)

NYSE - NYSE Delayed Price. Currency in USD
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13.80-0.40 (-2.82%)
At close: 04:00PM EST
14.35 +0.55 (+3.99%)
After hours: 07:15PM EST
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  • D
    Dick
    Bought more today at 14.19 per share. Based on $1.60 per share annual dividend that means I am getting a 12 percent return.
  • T
    Terry
    Slowly sliding down a hill and will be below $10 by second quarter 2022. It may get there sooner if they cut the dividend. I see that coming since a 10%+ yield is not sustainable.

    I have owned GNL for a few years but couldn’t stand losing more every time after the dividends were reinvested. For a year now I have not been doing so and instead buy shares in more stable stocks. Doing so makes me sleep better at night.
  • E
    E Dubz
    just be happy for the buying opportunity
  • C
    Christopher
    Bought more today. IMHO, it is crazy that it closed at $15.67 today. Will buy more, if their is further downside. GNL reported great earnings. Please see below.

    Chris

    NEW YORK, Nov. 4, 2021 /PRNewswire/ -- Global Net Lease, Inc. (NYSE: GNL) ("GNL" or the "Company"), a real estate investment trust that focuses on acquiring and managing a globally diversified portfolio of strategically-located commercial real estate properties, announced today its financial and operating results for the quarter ended September 30, 2021.

    Global Net Lease (PRNewsFoto/Global Net Lease, Inc.)
    Global Net Lease (PRNewsFoto/Global Net Lease, Inc.)
    Third Quarter 2021 and Subsequent Events Highlights

    Revenue increased 15.8% to $95.8 million from $82.7 million in third quarter 2020

    Net income was $2.4 million as compared to net loss of $0.5 million in third quarter 2020

    Net operating income ("NOI") grew 18.4% to $89.0 million from $75.2 million in third quarter 2020

    Core Funds from Operations ("Core FFO") grew 27.4% to $44.1 million compared to $34.6 million in third quarter 2020

    Adjusted Funds from Operations ("AFFO") increased by $3.4 million to $44.3 million versus $40.9 million in the prior year quarter

    AFFO per share was $0.44

    Distributed $40.3 million, or $0.40 per share, in dividends to common shareholders

    Collected nearly 100% of third quarter original cash rents, including nearly 100% from top 20 tenants, as of October 31, 20211, 2

    Portfolio 99.1% leased with 8.2 years of weighted average remaining lease term3

    Lease extensions and expansions completed and under non-binding letter of intent for related leases that will cover 1.5 million square feet and will extend weighted-average remaining lease term to 8.7 years from 4.1 years for 4.0% of the portfolio if the non-binding letters of intent lead to definitive agreements, which is not assured 4

    Industrial and Distribution asset concentration expanded to 52%

    Contractual rent increases embedded in 94.0% of leases

    Closed on over $380 million of properties in 2021, including our acquisition of Walmart and Pilot Point Steel properties completed in the fourth quarter

    Acquisitions pipeline of $125.0 million5, consisting of completed acquisitions of Walmart and Pilot Point Steel properties and pending acquisitions, at a going-in capitalization rate6 of 6.5% and with 14.1 years of weighted-average remaining lease term7

    "GNL has continued to grow throughout this year, and each of the last six consecutive years" said James Nelson, CEO. "We have met or exceeded pre-pandemic performance levels across the company, including rent collection, Cash NOI and Adjusted EBITDA figures. More importantly, GNL's reputation as a premiere partner for strategic sale-leaseback transactions among US and European companies has grown during the same time, most recently evidenced by our acquisition of Trafalgar Square in Guernsey. Our reputation helped secure the transaction and our experience helped us secure an early lease extension with one of the major tenants that we believe created an opportunity to unlock millions of dollars of value. We expect to build on our out-performance through the end of this year and into 2022."
  • A
    Arpan Neetu
    4 years ago ffo 53c, dividend 50c, Stock Price 20 (10% yield)
    now, ffo 43c, dividend 40c, stock price 16 (10% yield)
    you got 7.2 dividend, lost 4 dollar on stock value.
    Net got 3.2 dividend in 4 years, Real yield = 4%.
    If this stock trade for 15% yield, then Real yield = 7%
    once stock start trading at 15% yield, dividend will be cut in half
    they are not going to pay more than 4% in real yield.
  • D
    David
    As suspected, the downward pressure this past quarter came from issuing shares at the market. They issued 3.881 million shares. Over 1 quarter, that averages to 5.6% of the average volume of shares traded per day.
  • E
    Ed
    Just new to watching GNL. Seems very safe on the dividend and with leases like the Walmart, it seems very safe. Website says 100% on collections. If this is true, sure seems like a $20 stock to me. Opinions?
  • T
    Terry
    Stopped reinventing dividends a year ago but won’t sell this dog until it hits $20 again.
  • D
    Dick
    Ed I agree with you on the $20 per share price, currently paying almost 10 percent, way under priced.
  • B
    Beatrix
    is anyone buying?
  • B
    Bob
    Woof woof
  • B
    Bilbo Tea Baggins
    The problem seems to be having 6 executives and only 1 full time worker
  • Y
    Yahoo Finance Insights
    Global Net Lease reached a 52 Week low at 13.94
  • S
    S
    Oct. 12, 2021 /PRNewswire/ -- Global Net Lease, Inc. (NYSE: GNL) ("GNL" or the "Company") announced today that on October 5, 2021, the Company closed on the acquisition of a 90,000 square foot training and development center (the "Walmart Learning Center") in Bentonville, Arkansas that is leased to Walmart, Inc. ("Walmart"). The Walmart Learning Center serves as the primary digital and onsite training and development facility for Walmart associates located in the United States and around the world. The property was acquired for a contract purchase price of $40.6 million, excluding closing costs, and has seven years of remaining lease term. Additionally, on October 8, 2021, the Company closed on the acquisition of two industrial properties leased to Pilot Point Steel for a contract purchase price of $14.2 million. Including both acquisitions closed in October, year to date, GNL has closed on nine properties for a contract purchase price of $381 million1 at a going-in capitalization rate2 of 8.73%, a weighted-average capitalization rate of 9.74%, and a weighted average remaining lease term of 16.9 years at closing.
  • D
    Dick
    Very solid company, I love the long term leases with strong companies at great rates, almost a 10 Percent dividend. This stock should sell for $20 based on the above.
  • s
    sultan
    Best REIT so far
  • j
    jeffreypelt
    Dear Bears,
    I'd like to understand what are the reasons for this valuation and decline?
    Is the common dividend threatened?
    Is the book/NAV inflated?
    Is McLaren going to flame out?
    Are the external management going to dilute for more spending money?

    ..because, I've been loading up here, but been wrong before - just can't see from which direction to doom arrives.
    Rock solid revenue, great tenants, diversified income- proven under COVID.
    Split across USD and Pound/Euro denominations for currency tailwind from over the pond.
    Extremely attractive yield.
    Very reasonable valuation.
    Historically low PE.
    Great diversification across industries and blue-chip tenants.

    Where do I go wrong?
  • Y
    Yahoo Finance Insights
    Global Net Lease reached a 52 Week low at 14.65
  • Y
    Yahoo Finance Insights
    Global Net Lease reached a 52 Week low at 14.98
  • Y
    Yahoo Finance Insights
    Global Net Lease reached a 52 Week low at 15.31