Global Net Lease, Inc. (NYSE:GNL) Files An 8-K Regulation FD DisclosureItem 7.01.Regulation FD Disclosure.
On February 27, 2018, Global Net Lease, Inc. (the “Company”) made certain statements concerning its investment grade and implied investment grade tenants. As previously noted, a total of 76.1% of the Company’s properties (by portfolio annualized straight line rent) are leased to investment grade and implied investment grade rated tenants, with implied investment grade ratings determined using Moody’s proprietary analytical tool, which compares the risk metrics of the non-rated company to those of a company with an actual rating. A tenant with a parent that that has an investment grade rating is also included in implied investment grade. The Company hereby clarifies that the Company’s portfolio is 36.0% leased to tenants with an actual investment grade rating and 40.1% leased to tenants with an implied investment grade rating. Except for a limited exception, no peers identified by the Company reported implied investment grade ratings in their reporting of investment grade tenancies.
This Current Report on Form 8-K is deemed to be “furnished” and shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that Section. The information set forth in this Current Report on Form 8-K shall not be deemed incorporated by reference into any filing under the Exchange Act or the Securities Act of 1933, as amended, regardless of any general incorporation language in such filing.
About Global Net Lease, Inc. (NYSE:GNL)
Global Net Lease, Inc. is a real estate investment trust that focuses on acquiring and managing a portfolio of strategically located commercial real estate properties. The Company’s business consists of owning, managing, operating, leasing, acquiring, investing in and disposing of real estate assets. The Company focuses its investments on commercial and retail properties, including special use single tenant properties. The Company owns approximately 330 net-leased commercial properties consisting of over 18.7 million rentable square feet. The Company has approximately 270 properties located in the United States and Puerto Rico, over 40 properties located in the United Kingdom and approximately 20 properties located across continental Europe. Its portfolio of real estate properties includes McDonald’s, Wickes Building Supplies I, Thames Water, Northern Rock, Con-way Freight, Western Digital, GE Aviation, DFS Trading, Talk Talk, GSA IV, Nissan, Select Energy Services I and Lhoist.