#3 - Global Net Lease (NYSE:GNL)
Global Net Lease (NYSE: GNL) - Current dividend yield: 11.70% - For sheer dividend yield, it’s hard to beat Global Net Lease. The company sports a $1.38 billion market cap and an 11.70% dividend yield. But with that reward comes an increased risk. For GNL that risk is a bit of inconsistent growth. In 2017, for example, the company reported a decline of 18% in Funds from operation (FFO) per share. However, overall FFO rose. In 2019, the stock price has been on a bit of a roller coaster. At one point, share price was up over 13%, but has since declined and while still positive for the year is sitting at a growth of just 3% for the year. The dividend payout ratio has been around 97% since 2018. The company has been issuing dividends since 2012 with the last rate increase occurring in 2015. Offsetting that risk somewhat is a portfolio that is heavy in both office (56%) and industrial (35%) tenants. Only 9% of the company’s portfolio has exposure to the retail sector.
About Global Net Lease
Global Net Lease, Inc (NYSE: GNL) is a publicly traded real estate investment trust listed on the NYSE. The firm focused on acquiring a diversified global portfolio of commercial properties, with an emphasis on sale-leaseback transactions involving single tenant, mission critical income producing net-leased assets across the United States, Western and Northern Europe.
- Current Price
- $7.36
- Consensus Rating
- Hold
- Ratings Breakdown
- 2 Buy Ratings, 3 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $9.83 (33.6% Upside)
