Citizens Reiterates Market Outperform on Global Net Lease, Maintains $10 Price Target
Citizens analyst Mitch Germain reiterates Global Net Lease (NYSE:GNL) with a Market Outperform and maintains $10 price target.
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Citizens analyst Mitch Germain reiterates Global Net Lease (NYSE:GNL) with a Market Outperform and maintains $10 price target.
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Global Net Lease announced the closure of $74 million in asset dispositions since Q1 2026, including $66 million in occupied properties at a 7.2% cash cap rate, with office assets representing 93% of sales. The company is reducing office exposure from 26% to approximately 21% of portfolio straight-line rent through strategic dispositions and is on track to close a $535 million acquisition of Modiv Industrial in Q3 2026. Year-to-date dispositions total approximately $145 million at a 7.5% cash cap rate.