Global Net Lease Offers Two 8%-Yielding Preferreds With Well-Covered Dividends

Summary

  • Global Net Lease combines a strong industrial-heavy net lease portfolio with extremely poor financial management from the external manager, AR Global.
  • However, while GNL common stock has a very poor performance record, the preferred stocks appear much more attractive.
  • Both GNL.PA and GNL.PB offer 8%+ dividend yields along with 13-18% upside to par value.
  • Looking for a helping hand in the market? Members of High Yield Landlord get exclusive ideas and guidance to navigate any climate. Learn More »

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Global Net Lease (NYSE:GNL) is an industrial and office net lease REIT externally managed by AR Global. Investors interested in gaining exposure to industrial real estate might be tempted by GNL's nosebleed 11% dividend yield. But caution is

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This article was written by

20.43K Followers

Austin Rogers is a REIT specialist with a professional background in commercial real estate. He writes about high-quality dividend growth stocks with the goal of generating the safest growing passive income stream possible. Since his ideal holding period is "lifelong," his focus is on portfolio income growth rather than total returns.

Austin is a contributing author for the investing group High Yield Landlord, one of the largest real estate investment communities on Seeking Alpha, with thousands of members. It offers exclusive research on the global REIT sector, multiple real money portfolios, an active chat room, and direct access to the analysts. Learn more.

Analyst’s Disclosure:I/we have a beneficial long position in the shares of GNL.PA, WPC either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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