Global Net Lease cuts dividend, plans property sales

Global Net Lease has announced a dividend cut, marking a significant change in its financial strategy. The company is also planning to sell some properties and buy back shares. These moves come as part of a broader effort to adjust to current market conditions. The dividend reduction indicates a shift from previous practices of maintaining higher payouts. The company’s focus on property dispositions and share buybacks reflects a response to financial pressures. This strategy aims to strengthen its balance sheet amid changing economic circumstances.