2024-03-24 04:11:20 ET
Summary
- Global Net Lease dropped sharply and reset the dividend rates and AFFO expectations.
- Normally, this would be credit positive and boost our value of the preferred shares.
- We tell you why we think the high yield preferred shares need to be exited.
On our last coverage of Global Net Lease, Inc. ( GNL ), we spoke about the reasons we exited the common shares in a timely fashion. We also covered the preferred shares, which are listed below....
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For further details see:
Global Net Lease: Even The Preferreds Look Risky