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GNL Global Net Lease Inc

7.32
0.02 (0.27%)
02 Jan 2025 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Global Net Lease Inc NYSE:GNL NYSE Common Stock
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  0.02 0.27% 7.32 7.45 7.28 7.32 1,721,971 22:10:26

Bellevue Capital Partners Acquires Additional 100,000 Shares of Global Net Lease, Inc. (GNL)

03/10/2024 12:00pm

Business Wire


Global Net Lease (NYSE:GNL)
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Bellevue Capital Partners, one of the largest shareholders of Global Net Lease, Inc. (NYSE: GNL), is pleased to announce the acquisition of an additional 100,000 shares of GNL. This strategic investment underscores Bellevue Capital Partners' confidence in the company's management and its ongoing commitment to maximizing shareholder value.

Bellevue Capital Partners is pleased with GNL’s recent communications regarding its strategic disposition plan, which includes the previously announced $854 million in asset sales this year at a cap rate of 7.2%. The sale of assets at such a favorable cap rate demonstrates GNL’s ability to navigate market conditions effectively and is a clear testament to the strength of GNL’s management team.

The lower disposition cap rate, compared to the implied cap rate for GNL, informs our strong belief in the company's vision and strategic direction. As one of GNL’s largest shareholders, Bellevue Capital Partners remains committed to supporting management in its efforts to drive performance and create value.

About Bellevue Capital Partners, LLC

Bellevue is a leading, diversified investment, asset management and operating platform and the sole member of AR Global Investments, LLC.

cparker@bellevuecap.com 212-415-6500

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