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Company:
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GLOBAL NET LEASE, INC. (GNL)
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Form Type:
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8-K
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Filing Date:
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4/3/2023
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CIK:
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0001526113
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Address:
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650 FIFTH AVE
30TH FLOOR
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City, State, Zip:
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NEW YORK, New York 10019
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Telephone:
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(212) 415-6500
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Fiscal Year:
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12/31
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Last Trade
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Last Trade:
$10.74
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Change:
0.51 (4.99%)
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Trade Time:
Jun 07
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Market Cap:
$1.12B
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Description of Business
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We are an externally managed real estate investment trust for United States
("U.S.") federal income tax purposes ("REIT") that focuses on acquiring and
managing a globally diversified portfolio of strategically-located commercial
real estate properties, which are leased primarily to "Investment Grade"
(defined below) tenants. We invest in commercial properties, with an emphasis on
sale-leaseback transactions and mission-critical, single tenant net-lease
assets.
As of December 31, 2022, we owned 309 properties consisting of 39.2 million
rentable square feet, which were 98.0% leased, with a weighted-average remaining
lease term of 8.0 years. Based on the percentage of rental income on a
straight-line basis as of December 31, 2022, 65% of our properties were located
in the U.S. and Canada and 35% of our properties were located in Europe.
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