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home / news releases / GNL - Global Net Lease's GNL-B: 6.9% Yield From A Triple Net Lease REIT Preferred

GNL - Global Net Lease's GNL-B: 6.9% Yield From A Triple Net Lease REIT Preferred

Global Net Lease Inc.
  • GNL is a triple net lease REIT focused on industrial and office properties.
  • Their bonds have a split IG rating and the preferreds yield 280 bps more than the bonds.
  • Coverage for the preferreds is 5.9x and the preferreds benefit from GNL's mortgage-based debt structure.
  • GNL-B carries a 6.875% coupon, trades below par plus accrued dividend, and has nearly four years of call protection.

For further details see:

Global Net Lease's GNL-B: 6.9% Yield From A Triple Net Lease REIT Preferred
Stock Information
Company Name: Global Net Lease Inc.
Stock Symbol: GNL
Market: NYSE
Website: globalnetlease.com
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