Global Net Lease (NYSE: GNL) has a huge 10% dividend yield, well more than net lease peers like Realty Income (NYSE: O) and W.P. Carey (NYSE: WPC) . But you need to look beyond the yield before you decide whether Global Net Lease is a worthy investment option.
In the end, it doesn't match up to the quality of its peers. Here's why.
Realty Income has been discussing the growth potential it sees in Europe ever since it dipped its toes into the region a few years ago. Notably, the giant net lease real estate investment trust (REIT) estimates that Europe is an $8 trillion market, with only three publicly traded names in it totaling just $6 billion in enterprise value. (Net lease REITs own properties in which their lessees are responsible for most of the asset-level operating costs, a property investment approach that's still pretty new in Europe.)
For further details see:
How Safe Is Global Net Lease's Dividend?