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Global Net Lease Inc | 7.50% Series A Cumulative Redeemable Perpetual Preferred Stock (GNL.PRD)
Prospectus excerpt: Holders of Series A Preferred Stock will be entitled to cumulative dividends in the amount of? $1.875 per share each year, which is equivalent to the rate of 7.50% of the $25.00 liquidation preference per share per annum. Dividends on the Series A Preferred Stock will be payable quarterly in arrears on the 15th day of each of January, April, July and October of each year (or, if not a business day, the next succeeding business day) to holders of record on the applicable record date. The first quarterly dividend payment date for the Series A Preferred Stock will be July 15, 2019 and will represent an accrual for more than a full quarter, covering the period from March 26, 2019 to June 30, 2019. Full Prospectus PDF », Secondary Prospectus PDF », GNL Page »
Series: | A | Alternate symbology: | GNL-D, GNL-PD, GNLprD | Redeemable?: | Yes | Call Date: | 3/26/2024 (Now Trading Post Call Date) | Perpetual?: | Yes | Cumulative?: | Yes | Shares Offered: | 1,200,000 | Liquidation Preference: | $25.00 | Recent Market Price: | $20.56 | Discount to Liquidation Preference: (More Preferreds Trading at a Discount ») | $-4.44 (-17.76%) | Annualized Dividend: | 1.875 | Recent Ex-Date: | 4/4/2024 | Current Yield: | 9.12% | Original Coupon: | 7.50% | Pay Period: | Quarterly | Pay Dates: | 15-Jan, 15-Apr, 15-Jul, 15-Oct | CDx3 Compliance Rating: |
Learn GNL.PRD's Rating
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Global Net Lease is an externally managed real estate investment trust. Co. focuses on acquiring and managing a globally portfolio of commercial real estate properties. Co. invests in commercial properties, with an emphasis on sale-leaseback transactions and mission-critical, single tenant net-lease assets. Substantially all of Co.'s business is conducted through its subsidiary, Global Net Lease Operating Partnership, L.P., and its wholly-owned subsidiaries. Preferreds: GNL.PRA, GNL.PRD, GNL.PRB, GNL.PRE Open the GNL Information Page »
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Name: |
Global Net Lease Inc |
Website: |
www.globalnetlease.com |
Sector: |
REITs |
Number of ETFs Holding GNL: |
42 (see which ones) |
Total Market Value Held by ETFs: |
$369,681,905.77 |
Total Market Capitalization: |
$1,612,000,000 |
% of Market Cap. Held by ETFs: |
22.93% |
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