NYSE:GNLREITs
Global Net Lease Merger Shifts Portfolio Toward Industrial Assets And Value
Global Net Lease (NYSE:GNL) has completed a $535 million merger with Modiv Industrial.
The deal expands GNL's industrial real estate portfolio and changes the mix of its properties.
The transaction is described as immediately accretive to adjusted funds from operations per share.
Modiv shareholders are set to see higher dividends under the combined company structure.
Global Net Lease now trades around $9.23 per share, with the stock up 26.7% over the past year and 30.4% over the past 3...