Global Net Lease, Inc. announced on December 12, 2024, that it had closed $620 million in dispositions through December 9, 2024. This marks continued progress on its strategic disposition plan for the year.
Including its pipeline of potential asset sales, total dispositions reached $1.1 billion. These sales were completed at a 7.1% cash cap rate on occupied assets, with a weighted average lease term of 5.4 years.
The company expects to exceed the upper range of its disposition guidance for the year. This initiative is focused on maximizing asset value through dispositions to reduce outstanding debt and enhance GNL's financial position.
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