Global Net Lease ticks down after BMO cuts to 'market perform'

Global Net Lease

17/04/2026 11:38

** Shares of diversified real estate investment trust Global Net Lease GNL.N fall nearly 1% to about $10 premarket

** BMO downgrades to "market perform" from "outperform", price target unchanged at $10

** Brokerage sees upside likely constrained as GNL pivots to cutting debt from growing fast, which can temper near-term earnings momentum

** Firm's large office exposure is a headwind as selling them may limit valuation - BMO

** Four of nine brokerages rate the stock "buy" or higher, four "hold" and one "sell"; median PT $10 - LSEG data

** stock up 11.9% YTD through last close

 (Reporting by Apratim Sarkar in Bengaluru)

 ((Apratim.Sarkar@thomsonreuters.com))