PreferredStockChannel
Global Net Lease Inc | 6.875% Series B Cumulative Redeemable Perpetual Preferred Stock (GNL.PRB)

Prospectus excerpt:  We are offering 3,000,000 shares of our 6.875% Series B Cumulative Redeemable Perpetual Preferred Stock, par value $0.01 per share (the ìSeries B Preferred Stockî). olders of Series B Preferred Stock will be entitled to cumulative dividends in the amount of??$1.71875 per share each year, which is equivalent to the rate of 6.875% of the $25.00 liquidation preference per share per annum. Dividends on the Series B 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 for the Series B Preferred Stock sold in this offering will be paid on January 15, 2020 in an amount equal to $0.1671 per share, and will represent an accrual for less than a full quarter, covering the period from November 26, 2019 to December 31, 2019. The Series B Preferred Stock has no stated maturity and will remain outstanding indefinitely unless redeemed, converted or otherwise repurchased.

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

Series:B
Alternate symbology:GNL-B, GNL-PB, GNLprB
Redeemable?:Yes
Call Date:11/26/2024
Perpetual?:Yes
Cumulative?:Yes
Shares Offered:3,000,000
Overallotment:450,000
Liquidation Preference:$25.00
Recent Market Price:$18.67
Discount to Liquidation Preference:
(More Preferreds Trading at a Discount »)
$-6.33 (-25.32%)
Annualized Dividend:1.71875
Recent Ex-Date:4/4/2024
Current Yield:9.21%
Original Coupon:6.875%
Pay Period:Quarterly
Pay Dates:15-Jan, 15-Apr, 15-Jul, 15-Oct
CDx3 Compliance Rating: Learn GNL.PRB'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: 
$394,014,631.88
Total Market Capitalization: 
$1,555,000,000
% of Market Cap. Held by ETFs: 
25.34%

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