PreferredStockChannel
Global Net Lease Inc | 7.25% Series A Cumulative Redeemable Preferred Stock (GNL.PRA)

Prospectus excerpt:  We are offering 4,000,000 shares of our 7.25% Series A Cumulative Redeemable Preferred Stock, par value $0.01 per share (the ÙSeries A Preferred Stockˆ). Holders of Series A Preferred Stock will be entitled to cumulative dividends in the amount of $1.8125 per share each year, which is equivalent to the rate of 7.25% of the $25.00 liquidation preference per share per annum. Dividends on the Series A Preferred Stock will be payable quarterly in arrears on the 15th day of each of January, April, July and October of each year (or, if not a business day, the next succeeding business day) to holders of record on the applicable record date. The first quarterly dividend payment date for the Series A Preferred Stock will be October 15, 2017 and will represent an accrual for less than a full quarter, covering the period from September 12, 2017 to September 30, 2017. The Series A Preferred Stock has no stated maturity and will remain outstanding indefinitely unless redeemed or otherwise repurchased.

Full Prospectus PDF », Secondary Prospectus PDF », GNL Page »

Series:A
Alternate symbology:GNL-A, GNL-PA, GNLprA
Redeemable?:Yes
Call Date:9/12/2022 (Now Trading Post Call Date)
Perpetual?:Yes
Cumulative?:Yes
Shares Offered:4,000,000
Overallotment:600,000
Liquidation Preference:$25.00
Recent Market Price:$18.82
Discount to Liquidation Preference:
(More Preferreds Trading at a Discount »)
$-6.18 (-24.72%)
Annualized Dividend:1.8125
Recent Ex-Date:4/4/2024
Current Yield:9.63%
Original Coupon:7.25%
Pay Period:Quarterly
Pay Dates:15-Jan, 15-Apr, 15-Jul, 15-Oct
CDx3 Compliance Rating: Learn GNL.PRA's Rating
Global Net Lease is an externally managed real estate investment trust. Co. focuses on acquiring and managing a globally portfolio of commercial real estate properties. Co. invests in commercial properties, with an emphasis on sale-leaseback transactions and mission-critical, single tenant net-lease assets. Substantially all of Co.'s business is conducted through its subsidiary, Global Net Lease Operating Partnership, L.P., and its wholly-owned subsidiaries.

Preferreds: GNL.PRA, GNL.PRD, GNL.PRB, GNL.PRE


Open the GNL Information Page »
Name: 
Global Net Lease Inc
Website: 
www.globalnetlease.com
Sector: 
REITs
Number of ETFs Holding GNL: 
42 (see which ones)
Total Market Value Held by ETFs: 
$376,833,539.88
Total Market Capitalization: 
$1,513,000,000
% of Market Cap. Held by ETFs: 
24.91%

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