Asset Sales And Portfolio ImpactThe sale of a single-tenant office building in the UK for $27 million comes at the same time as the lease in that building expired, drawing more than $11 million of rent out of GNL's portfolio.
Debt And LeverageThe combined company has a slightly higher than average level of debt and preferred at approximately 74%, indicating financial strain.
De-leveraging And ValuationDespite recent progress, the de-leveraging plan is likely to extend into 2025, creating some uncertainty, suggesting a discounted valuation is appropriate.