What caused GNL's earnings to rebound in Q4 after previous declines?

Global Net Lease Inc (GNL) experienced a significant rebound in its net income in Q4 2024, with a reported net income of -$6.52 million, compared to a staggering -$65.64 million in Q3 2024. This improvement can be attributed to several key factors: 1. **Strategic Asset Sales**: GNL completed $835 million in asset dispositions in 2024, surpassing its guidance and realizing significant cash flow. This move transformed the company into a single-tenant net lease entity, enhancing its financial stability and reducing its net debt by $734 million. 2. **Occupancy Rate Increase**: The company successfully increased its portfolio occupancy rate from 93% to 97% by the end of 2024, indicating effective asset management and a stronger revenue base. 3. **Leasing Activity**: GNL achieved positive leasing spreads, with renewals 6.8% higher than expiring rents, reflecting strong demand for its properties. 4. **Debt Maturities**: The company has no debt maturities until August 2025, and the 2025 maturity balance was reduced from $715 million to $465 million, providing a financial cushion and reducing refinancing risks. These strategic moves collectively contributed to GNL's improved financial performance in Q4 2024, marking a significant turnaround from the previous quarter's results.