Added to YB: 2025-09-19
Pitch date: 2025-08-03
GNL [bullish]
Global Net Lease, Inc.
+41.23%
current return
Author Info
No bio for this author
Company Info
Global Net Lease, Inc. is a publicly traded internally managed real estate investment trust that focuses on acquiring and managing a global portfolio of income producing net lease assets across the U.
Market Cap
$2.0B
Pitch Price
$6.60
Price Target
15.00 (+61%)
Dividend
8.08%
EV/EBITDA
11.68
P/E
-11.58
EV/Sales
8.87
Sector
Diversified REITs
Category
turnaround
Global Net Lease, Inc. - $GNL
GNL: Net lease REIT transforming from externally managed to pure-play; 7.4x FY25E AFFO vs peers at 12-15x+. 11% dividend yield, $300M buyback ($50M in Q1), ~$70M excess cash flow. Delevering from 8.3x to ~6.5x, $3B dispositions complete. 25% office exposure risk offset by 66% IG tenants. Base case 10x AFFO = 25.1% 3yr IRR.
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