Global Net Lease, Inc. (NYSE:GNL) Files An 8-K Regulation FD DisclosureItem 7.01. Regulation FD Disclosure.
On October 4, 2018, Global Net Lease, Inc. (the “Company”) issued a press release, a copy of which is furnished as Exhibit 99.1 to this Current Report on Form 8-K..In addition, the Company has prepared an investor presentation that officers and other representatives of the Company intend to present at conferences and meetings. A copy of the investor presentation is furnished as Exhibit 99.2 this Current Report on Form 8-K. The information set forth in Item 7.01 of this Current Report on Form 8-K and in the attached Exhibits 99.1 and 99.2 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 Item 7.01 of this Current Report on Form 8-K, including Exhibits 99.1 and 99.2, 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.
Item 8.01. Other Events.
Recent Acquisition Activity
On September 28, 2018, the Company acquired a property leased to FedEx Freight and located in Greenville, North Carolina for a purchase price of $11.0 million and a property, which had not been previously announced as one of the Company’s pending acquisitions, leased to a furniture manufacturer and located in New York State for a purchase price of $19.0 million. To fund these amounts and related closing costs, the Company used cash on hand, which includes proceeds from a public offering of the Company’s common stock completed in August 2018.
The Company has signed definitive agreements to acquire two net lease distribution or industrial properties, both located in the United States, for an aggregate purchase price of $134.6 million, including one property located in Kansas City, Kansas and leased to VersaFlex which had not been previously announced as one of the Company’s pending acquisitions and has a purchase price of $9.7 million. The Company’s pending acquisitions are subject to conditions, and there can be no assurance they will be completed on their current terms, or at all.
Forward-Looking Statements
The statements in this Current Report on Form 8-K include statements regarding the intent, belief or current expectations of the Company and members of its management team, as well as the assumptions on which such statements are based, and generally are identified by the use of words such as “may,” “will,” “seeks,” “strives,” “anticipates,” “believes,” “estimates,” “expects,” “plans,” “intends,” “should” or similar expressions. Actual results may differ materially from those contemplated by such forward-looking statements, including as a result of those factors set forth in the Risk Factors section of the Company’s most recent annual report on Form 10-K and the Company’s most recent quarterly report on Form 10-Q. Forward-looking statements speak only as of the date they are made, and the Company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results over time, or revise forward-looking unless required by law.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits
Global Net Lease, Inc. ExhibitEX-99.1 2 tv504156_ex99-1.htm EXHIBIT 99.1 Exhibit 99.1 FOR IMMEDIATE RELEASE Global Net Lease Provides Update on Third Quarter Acquisition Activity $105.4 Million of Acquisitions Closed During the Quarter Over $266 Million in Acquisitions Closed in 2018 NEW YORK,…To view the full exhibit click here
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.
