NYSE:GNLREITs
How Investors May Respond To Global Net Lease (GNL) $300 Million At-The-Market Equity Offering
Global Net Lease, Inc. recently announced a US$300 million follow-on equity offering of common stock in an at-the-market transaction, following the completion of a significant share repurchase program and third quarter earnings results showing US$121.01 million in sales and a net loss of US$60.12 million.
The decision to pursue a sizable equity raise stands out given management's earlier commentary on balancing acquisitions and share repurchases amid challenging market conditions for buyers,...