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Global Net Lease, Inc. (GNL)
NYSE - NYSE Delayed price. Currency in USD
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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.
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.
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?
Whats making it drop?
Man months go by between posts , I wonder what that means ?
This stock seems to be so under-valued. I'm not super rich but I've invested about $50k into GNL with an avg. basis of $17-$18 per share. That means that $50k I invested over Q2/Q3 is now yielding 9-10%.
Buy this stock!! Great earnings.
What a great earnings report, we are on solid ground. Dividend will be raised by end of year.
Big news on GNL yesterday, added assets and financing which will be very profitable longer term.I am holding for the long term.
great buying opportunity here before it goes ex-dividend tomorrow.
Thanks for the cheap shares.
Ouch.. “today announced the launch of an underwritten public offering of 4,000,000 shares of common stock under its existing shelf registration statement. In addition, GNL expects to grant the underwriters a 30-day option to purchase 600,000 additional shares of common stock. GNL intends to use the net proceeds from the offering to fund acquisitions, as well as for general corporate purposes”
Nobody on this board knows when GNL will pay its next dividend. Isn't that something! No one knows! The entire
GNL shareholder base is driving in the dark without headlights.
I support the company's action in reducing the dividend to conserve cash, I think it was a wise decision, still a great return.
Well? Is there or isn't there going to be a monthly dividend? Much more of this "on the fence", and I will be packing and adding to
MAIN, O, AND STAG.
Just in case no one know why this stock spiked, it is partly due to an article put out by Seeking Alpha, recommending the stock long term.
Of course, the other reason would be that the investors relaxed after the elections and put their money back in :)
I thought they had a great report even though it missed estimates. A lot of growth at good margins! What's not tolike?
On May 9 in the K-9 release
"Finally, with respect to GNL’s dividend, we paid dividends equating to $0.5325 per common share in the quarter. Subsequent to quarter-end, on April 8th, we announced that we will be aligning our dividend policy more closely with our peers and start paying a quarterly dividend at the end of the second quarter. This change in no way affected the annualized dividend rate on the common stock of $2.13 per share or the previously announced dividend declaration with respect to the month of March."
Just when the price has almost recovered from the RS, we get more dilution.
I did not like the last minute going to quarterly dividend. This thing will probably rise like BRG has but long term does not look like a keeper.
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