Global Net Lease's Series A Preferred Stock Yields Over 8%

Global Net Lease's 7.50% Series A Cumulative Redeemable Perpetual Preferred Stock has a yield above 8% based on its quarterly dividend. The stock is trading at a 6.12% discount to its liquidation preference amount, compared to an average discount of 12.80% in the "Real Estate" category. The common shares are trading flat, while the preferred stock is down 0.1% on the day.

Global Net Lease Inc.'s 7.50% Series A Cumulative Redeemable Perpetual Preferred Stock (Symbol: GNL.PRD) has been trading with a yield above 8% based on its quarterly dividend. As of Thursday's trading session, the stock yielded an annualized dividend of $1.875, placing it above the 8% mark [1].

The preferred stock is currently trading at a 6.12% discount to its liquidation preference amount, which is lower than the average discount of 12.80% in the "Real Estate" category. This discount represents a favorable valuation for investors seeking stable income from preferred stock investments [1].

In contrast, the common shares of Global Net Lease Inc. (Symbol: GNL) have been trading flat on the day, while the preferred stock experienced a slight decline of 0.1% [1].

This development comes amidst the company's strategic initiatives aimed at enhancing its financial position. In its latest earnings call, Global Net Lease highlighted the completion of a $1.8 billion sale of its multi-tenant retail portfolio, which has resulted in improved financial metrics and a strengthened balance sheet [2].

References:
1. [1] https://seekingalpha.com/news/4481982-global-net-lease-raises-lower-end-of-affo-guidance-to-0_92-amid-1_8b-retail-portfolio-sale
2. [2] https://www.nasdaq.com/articles/global-net-leases-series-preferred-stock-yield-pushes-past-8