Global net lease sees $55 million in stock sales by Nicholas Schorsch

Global Net Lease , Inc. (NYSE:GNL), a real estate investment trust with a market capitalization of $1.64 billion and an attractive dividend yield of 10.3%, recently saw significant stock activity involving Nicholas Schorsch and Bellevue Capital Partners (WA:CPAP), LLC. According to InvestingPro data, the company trades at a relatively low EBITDA multiple of 8.25x. According to the SEC filing, Schorsch sold a total of 7,403,000 shares of Global Net Lease common stock over two days in June. The sales, which took place on June 12 and June 13, were executed at prices ranging from $7.3302 to $7.4342 per share, amounting to a total transaction value of approximately $55 million. The current stock price of $7.39 sits above its 52-week low of $6.51 but remains well below its high of $9.11.

Following these transactions, Schorsch, through various entities, retains ownership of 19,607,384 shares. The transactions were conducted indirectly through Bellevue Capital Partners, LLC and other related entities, as detailed in the footnotes of the filing. For deeper insights into GNL’s valuation and financial health metrics, including 8 additional exclusive ProTips, check out the comprehensive research report available on InvestingPro.

In other recent news, Global Net Lease reported a significant earnings miss for the first quarter of 2025, with earnings per share at -$0.87, falling short of the forecasted -$0.085. The company’s revenue also did not meet expectations, coming in at $132.4 million compared to the anticipated $190.1 million. Despite these challenges, the company 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. In a strategic move, Global Net Lease appointed Robert Kauffman as the Non-Executive Chairperson of its Board of Directors, a decision expected to enhance the company’s transition to a single-tenant net lease model. Analyst firm JMP reiterated its Market Outperform rating for Global Net Lease, maintaining a $9.00 price target, acknowledging the company’s progress in its de-leveraging strategy. The firm noted that Global Net Lease’s shares trade at a discount compared to its peers, suggesting potential for future growth. Additionally, Global Net Lease has successfully reduced its gross outstanding debt by $1.3 billion year-over-year, indicating an improvement in its financial health.

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