Global Net Lease gains after BMO lifts rating to 'outperform'
17/08/2026 11:07
BUZZ-Global Net Lease gains after BMO lifts rating to 'outperform' ** Shares of diversified real estate investment trust Global Net Lease GNL.N rise 6.2% to $9.30 premarket
** BMO reinstates coverage on GNL and upgrades rating to "outperform" from "market perform"; maintains PT at $10
** GNL is expected to return to growth following its $535 million acquisition of Modiv Industrial, which is likely to improve the quality and composition of its portfolio, brokerage says
** Company completed acquisition of Modiv Industrial on Thursday
** BMO raises 2026 FFO/unit estimate to 62 cents/share from 55 cents/share
** Six of 10 brokerages rate the stock "buy" or higher, three "hold" and one "sell"; median PT is $10 - data compiled by LSEG
** As of last close, shares up 1.9% YTD
(Reporting by Apratim Sarkar in Bengaluru)
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Global Net Lease gains after BMO lifts rating to 'outperform'