Global Net Lease Announces 99% Of First Quarter Rent Collected; Approximately $258 Million Acquisitions Pipeline
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NEW YORK, April 7, 2021 /PRNewswire/ -- Global Net Lease, Inc. (NYSE: GNL) ("GNL" or the "Company") announced today that it collected 99% of the original cash rent due for the first quarter of 2021 as of April 1, 2021. The Company also announced that it had a forward acquisition pipeline of six properties for approximately $258 million.
"GNL completed another quarter of stellar rent collection, underscoring the quality and resiliency of our portfolio" said James Nelson, CEO of GNL. "We are looking forward to expanding our best-in-class portfolio with six additional assets that fit our investment profile which targets mission-critical assets with net leases to strong underlying tenants in the United States, Canada, Western and Northern Europe."