Previous Close | 9.33 |
Open | 9.37 |
Bid | 9.55 x 3200 |
Ask | 9.76 x 900 |
Day's Range | 9.35 - 9.65 |
52 Week Range | 8.84 - 15.28 |
Volume | |
Avg. Volume | 1,996,624 |
Market Cap | 2.224B |
Beta (5Y Monthly) | 1.22 |
PE Ratio (TTM) | N/A |
EPS (TTM) | -0.44 |
Earnings Date | Nov 01, 2023 - Nov 06, 2023 |
Forward Dividend & Yield | 1.60 (16.93%) |
Ex-Dividend Date | Jul 12, 2023 |
1y Target Est | 13.25 |
Global Net Lease, Inc. ( NYSE:GNL ) is possibly approaching a major achievement in its business, so we would like to...
Shareholders in real estate investment trust Global Net Least Inc approved a planned merger with The Necessity Retail REIT to form the third-largest net lease REIT, the company said on Friday. The all stock transaction is also expected to be approved by Necessity Retail REIT shareholders, according to sources, who are not permitted to discuss the vote publicly. The GNL stock price climbed 1.34% while the Necessity price was up 1.9% on Friday.
Shareholders in real estate investment trust Global Net Least Inc approved a planned merger with rival The Necessity Retail REIT to form the third-largest net lease REIT, the company said on Friday. The all stock transaction, which would value the combined entity at about $950 million, is also expected to be approved by Necessity Retail REIT shareholders, sources, who are not permitted to discuss the vote publicly, said. The combined company, which is expected to own and manage 1,350 properties and have an aggregate real estate asset value of $9.6 billion, purchases, develops, and owns commercial real esTate and rents it to tenants under a net lease agreement.