GNL Snaps Up Motive, Boosts AFFO

Global Net Lease (GNL) has made a strategic move by acquiring Motive Industrial in an all-stock deal, which is expected to increase AFFO per share by four percent. The deal is leverage neutral and adds prime industrial assets with long-term leases and high-quality tenants. GNL is also recycling capital by selling off office space and investing in industrial properties. The portfolio is strong with high occupancy rates and top-tier tenants. Financials show revenue at $109.3 million, AFFO at $43.9 million, and debt at $2.6 billion. GNL is reaffirming full-year AFFO guidance and is well-positioned for growth with AI-driven leasing and cost-cutting measures. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/5e3a4cc65a516944