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NEW YORK - Global Net Lease, Inc. (NYSE:GNL) clarified Tuesday that its recent Form 8-K filing regarding an ATM Equity Offering Sales Agreement was merely an administrative action to extend its existing shelf registration that was set to expire this month. The REIT, currently trading at $7.85 with a market cap of $1.72 billion, has seen its shares gain nearly 21% year-to-date.
The real estate investment trust emphasized that the filing was a routine procedure and not indicative of immediate capital raising plans.
"We submitted this administrative filing to inform the financial community that we have extended our shelf registration, which was set to expire, and entered into the sales agreement as is customary," said Michael Weil, CEO of GNL, in a press release statement.
Weil added that the company remains focused on "maintaining a strong balance sheet and disciplined capital strategy through a focus on continued debt reduction and opportunistic share repurchases."
Global Net Lease is a publicly traded internally managed real estate investment trust that specializes in acquiring and managing income-producing net lease assets across the United States, Western Europe, and Northern Europe.
The clarification comes as companies often face market speculation following ATM program announcements, which allow issuers to sell new shares into the market at prevailing prices rather than at a fixed price determined in advance. For deeper insights into GNL's financial health and valuation metrics, investors can access comprehensive Pro Research Reports available on InvestingPro, which offers expert analysis on over 1,400 US equities.
In other recent news, Global Net Lease reported a net loss in its Q3 2025 earnings, which fell short of analysts' expectations. The company posted an EPS of -$0.33, significantly below the forecasted -$0.075, marking a substantial negative surprise. Revenue was reported at $121 million, slightly under the anticipated $123.51 million. Despite these earnings and revenue misses, Global Net Lease has been focusing on a successful debt reduction strategy. The company has redeemed approximately $2 billion of debt following $3 billion in asset sales. Citizens has reiterated its Market Outperform rating for Global Net Lease, maintaining a $9.00 price target. This rating comes in light of the company's improved financial performance and strategic initiatives. The company also reported AFFO/share ahead of consensus estimates and raised its guidance.
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