08:05 AM EDT, 07/09/2024 (MT Newswires) -- Global Net Lease ( GNL ) said Tuesday it has completed $321 million in property sales through Q2, including $62 million from vacant assets to eliminate the negative impact on net operating income.

The company said it intends to use the net proceeds from the dispositions to reduce outstanding debt further and bring net debt to adjusted EBITDA more in line with net-leased peers.

Global Net Lease ( GNL ) shares were 0.8% higher in recent premarket trading

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