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Global Net Lease , Inc. (NYSE:GNL) disclosed a significant stock sale by major shareholder Nicholas S. Schorsch, according to a recent SEC filing. On May 15, Schorsch, through his affiliation with Bellevue Capital Partners (WA:CPAP), LLC, sold 100,000 shares of Global Net Lease common stock. The shares were sold at a weighted average price of $7.99, generating a total of $799,000. The company, currently valued at $1.73 billion, trades at an attractive EBITDA multiple of 8.34x, according to InvestingPro data.
Following the transaction, Schorsch and Bellevue Capital Partners, LLC, retain a considerable holding in the company, with over 1.5 million shares still owned indirectly. The sale was part of a broader set of transactions involving both non-derivative and derivative securities. InvestingPro analysis shows the company maintains a GOOD financial health score and offers a substantial 9.95% dividend yield to shareholders.
The filing also highlighted that Schorsch, through various entities, maintains indirect ownership of additional shares, including those held by MWM I, LLC, MWM PIC, LLC, AR Global Investments, LLC, and AR Capital, LLC. Despite these transactions, Schorsch and Bellevue Capital Partners continue to be significant stakeholders in Global Net Lease. For deeper insights into insider trading patterns and comprehensive analysis, access the full GNL Pro Research Report, available exclusively on InvestingPro.
In other recent news, Global Net Lease reported its first-quarter 2025 financial results, revealing a significant earnings miss. The company posted an earnings per share (EPS) of -$0.87, falling short of the forecasted -$0.085, and revenue of $132.4 million, which was below the anticipated $190.1 million. Despite this, Global Net Lease completed a major property sale, generating $1.1 billion in gross proceeds, and reaffirmed its 2025 AFFO guidance of $0.90-$0.96 per share. The company also successfully reduced its gross outstanding debt by $1.3 billion compared to the same period last year.
In terms of analyst activity, JMP maintained its Market Outperform rating on Global Net Lease, with a steady price target of $9.00, highlighting the company’s effective de-leveraging strategy. Analysts noted the company’s improved balance sheet and operating metrics, despite its valuation being discounted compared to the sector average. Global Net Lease’s net debt to adjusted EBITDA ratio improved to 6.7x, down from 8.4x year-over-year, and the company aims to further reduce this ratio to between 6.5x and 7.1x by the end of 2025.
The firm has also been actively selling non-core assets, with a plan to dispose of nearly $3 billion by the end of 2025, to enhance financial flexibility and pursue an investment-grade credit rating. Fitch and S&P have placed Global Net Lease on credit watch positive, recognizing the company’s progress in reducing leverage and improving credit quality. These developments indicate the company’s strategic focus on financial stability and long-term value creation.
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