Global Net Lease, Inc. announced on January 8, 2025, that its closed transactions as part of the 2024 strategic disposition initiative totaled $835 million through December 31, 2024. This figure surpassed the upper end of the company's increased disposition guidance, which ranged from $650 million to $800 million.
The asset sales were completed at a 7.1% cash cap rate, reaching the high end of the targeted cap rate range. These dispositions focused on certain non-core assets with near-term debt or lease maturities.
The successful execution of this plan reinforced GNL's financial position and enhanced its balance sheet by reducing outstanding debt and lowering its Net Debt to Adjusted EBITDA ratio. This demonstrates the company's commitment to providing value to its shareholders.
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