Wired News – Global Net Lease Acquired Five Industrial Properties

Stock Monitor: UMH Properties Post Earnings Reporting

LONDON, UK / ACCESSWIRE / May 21, 2018 / If you want access to our free research report on Global Net Lease, Inc. (NYSE: GNL), all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=GNL as the Company’s latest news hit the wire. On May 17, 2018, the Company announced that it has acquired five industrial assets representing approximately 1.4 million square feet for approximately $83.0 million. These properties are part of the $293 million of acquisitions announced earlier in 2018, and to date $146.4 million has been closed. Register today and get access to over 1,000 Free Research Reports by joining our site below:

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Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, Global Net Lease most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:

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Deal Details

The acquired buildings are leased to a leading steel service supplier with products and services provided to clients throughout the Midwestern US and Canada.

This transaction strengthens the Company’s already strong Midwest presence and lengthens its weighted-average remaining lease term.

GNL funded the transactions with borrowings under its revolving credit facility.

The buildings were purchased at a price equating to a weighted-average GAAP capitalization rate of 8.19% and a weighted-average remaining lease term of 10.0 years.

Acquired Assets’ Location

Three of the buildings are located in Michigan, one in Ohio, and one in Indiana; all well- positioned near interstate highways and rail facilities. Additionally, the properties are near numerous major cities in the Midwest, further enhancing the tenant’s supply chain efforts. The industrial buildings included in this transaction comprise all of the tenant’s facilities and also house the Company’s offices, central inventory, and processing depot.

Global Net Lease Closed on the Acquisition of Six Assets during Q1 2018

On April 05, 2018, the Company announced that it had closed on the acquisition of six industrial and distribution assets totaling 759,940 square feet for $63.4 million during Q1 2018. The leases for these facilities were with Fiat Chrysler, Chemours Company, Lee Steel Holdings, and LSI Steel Processing, and were located in Mississippi, Michigan, and Illinois, respctively. The six assets were purchased at prices equating to a weighted-average GAAP capitalization rate of 7.67% and a weighted-average remaining lease term of 10.0 years. GNL funded the transactions with cash on hand and borrowings under its revolving credit facility.

The first transaction, which closed on February 26, 2018, involved a newly-built, 300,000 square foot storage and distribution center located in Pass Christian, Mississippi net-leased to Chemours Company, FC LLC for 9.8 years.

The second transaction, which closed on March 21, 2018, involved a 114,042 square foot industrial facility located in Wyoming, Michigan, 10 miles south of Grand Rapids, net leased to Lee Steel Holdings, LLC for 10.5 years.

The third transaction, which closed on March 29, 2018, involved three industrial facilities in Chicago, Illinois totaling 217,924 square feet. The properties were net leased for 10 years to LSI Steel Processing.

The fourth transaction, which closed on March 29, 2018, involved a newly-built, 127,974 square foot industrial facility located in Sterling Heights, Michigan, leased for 9.9 years to Fiat Chrysler Automobiles US, LLC.

About Global Net Lease, Inc.

Global Net Lease is a real estate investment trust that focuses on acquiring and managing a globally-diversified portfolio of strategically-located commercial real estate properties, with an emphasis on sale-leaseback transactions involving single tenant, mission critical income producing net-leased assets across the United States, Western and Northern Europe.

Stock Performance Snapshot

May 18, 2018 – At Friday’s closing bell, Global Net Lease’s stock was marginally up 0.27%, ending the trading session at $18.58.

Volume traded for the day: 924.50 thousand shares, which was above the 3-month average volume of 853.02 thousand shares.

Stock performance in the last month – up 5.21%; and previous three-month period – up 12.00%

After last Friday’s close, Global Net Lease’s market cap was at $1.25 billion.

Price to Earnings (P/E) ratio was at 83.69.

The stock has a dividend yield of 11.46%.

The stock is part of the Financial sector, categorized under the REIT – Diversified industry.

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