Global Net Lease Appoints Robert Kauffman as Board Chair
Mr. Kauffman, a Co-Founder and former member of the Board of Directors of Fortress Investment Group, joined the GNL Board in March 2024.
"We are excited that Rob Kauffman has become Chair of our Board at this transformative time for GNL," said Michael Weil, CEO of GNL. "Since joining the Board, Rob has played an active role in our strategic initiatives – including our multi-tenant asset sale – and has added tremendous value through his extensive real estate and capital markets experience at Fortress, UBS and BlackRock. As we move toward a new era for GNL as a pure-play single-tenant net lease company, which we believe positions us to deliver additional value for shareholders, we look forward to benefiting from his leadership for years to come."
"Our entire Board thanks Sue Perrotty for her many years of dedication and leadership as Board Chair through a period of considerable evolution for GNL," Mr. Weil added.
"I am honored to step into this new role at such an important time for GNL," said Mr. Kauffman. "GNL has taken significant steps over the last year to streamline its portfolio, strengthen its balance sheet, and enhance financial flexibility. I look forward to continuing to work closely with my fellow directors and GNL's seasoned management team to capitalize on our strong momentum."
About Global Net Lease, Inc.
Global Net Lease, Inc. (NYSE: GNL) is a publicly traded internally managed real estate investment trust that focuses on acquiring and managing a global portfolio of income producing net lease assets across the U.S., and Western and Northern Europe. Additional information about GNL can be found on its website at www.globalnetlease.com.
Important Notice
The statements in this press release that are not historical facts may be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements involve risks and uncertainties that could cause the outcome to be materially different. The words such as "may," "will," "seeks," "anticipates," "believes," "expects," "estimates," "projects," "potential," "predicts," "plans," "intends," "would," "could," "should" and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. These forward-looking statements are subject to a number of risks, uncertainties and other factors, many of which are outside of the Company's control, which could cause actual results to differ materially from the results contemplated by the forward-looking statements. These risks and uncertainties include the risks that any potential future acquisition or disposition (including the proposed closing of the encumbered properties portion of the multi-tenant portfolio) by the Company is subject to market conditions, capital availability and timing considerations and may not be identified or completed on favorable terms, or at all. Some of the risks and uncertainties, although not all risks and uncertainties, that could cause the Company's actual results to differ materially from those presented in the Company's forward-looking statements are set forth in the "Risk Factors" and "Quantitative and Qualitative Disclosures about Market Risk" sections in the Company's Annual Report on Form 10-K, its Quarterly Reports on Form 10-Q, and all of its other filings with the U.S. Securities and Exchange Commission, as such risks, uncertainties and other important factors may be updated from time to time in the Company's subsequent reports. Further, forward-looking statements speak only as of the date they are made, and the Company undertakes no obligation to update or revise any forward-looking statement to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results over time, unless required by law.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
CTV News
25 minutes ago
- CTV News
Crypto exchange Bullish valued at nearly US$13.2 billion in blowout NYSE debut
Bullish CEO Tom Farley, right, leads a cheer during opening bell ceremonies of the New York Stock Exchange, Wednesday, Aug. 13, 2025. (AP Photo/Richard Drew) Cryptocurrency exchange operator Bullish was valued at about US$13.16 billion after its shares more than doubled in their NYSE debut on Wednesday, underscoring investor confidence in the sector and lifting prospects for future U.S. listings by other digital asset firms. The parent of crypto news website CoinDesk raised $1.11 billion in its IPO, valuing the company at $5.4 billion — another sign of mainstream adoption in a market that recently topped $4 trillion. 'Bullish came out with an attractive initial valuation, and investors responded by aggressively bidding it up during the pre-IPO process,' said Jeff Zell, senior research analyst at IPO Boutique. The stock opened at $90 and was trading over 150 per cent its IPO price of $37 in afternoon trading. It went as high as $118, before paring gains slightly to trade at $92.60. A string of regulatory wins under a pro-crypto White House, corporate treasury adoption and ETF inflows have prompted investors to embrace the once-scorned digital asset class, driving bellwether bitcoin BTC= to record highs. Exchange operator Gemini and asset manager Grayscale are also among the crypto firms that have confidentially filed to go public. 'We've gone public today, and there's a slew of others that are going to follow us, and I think that is net beneficial, because it gives people more options in terms of how they access this asset class,' Bullish President Chris Tyrer told Reuters in an interview. Bullish is close to concluding a two-year process to obtain a virtual currency license known as a 'BitLicense' in New York, which would allow the company to operate in the state, Tyrer said. The BitLicense requires companies to comply with requirements related to know-your-customer, anti-money laundering and capital. Peter Thiel-backed Bullish plans to convert a significant portion of the IPO proceeds to stablecoins — a slice of the crypto space that has boomed since U.S. President Donald Trump signed the Genius Act, creating a regulatory regime for the dollar-pegged cryptocurrencies. Institutional focus Bullish's debut marks a rare U.S. listing by a crypto exchange, joining larger retail-focused rival Coinbase, which became the first crypto player to be included in the benchmark S&P 500 index in May. Founded in 2020, Bullish targets institutional clients, whose crypto holdings are expected to rise as a new White House order aims to allow alternative investments in 401(k) retirement plans. 'A pure institutional strategy positions Bullish for more stable, recurring revenue than exchanges reliant on retail volumes, which tend to be cyclical and sentiment-driven,' said Michael Hall, co-chief investment officer and founding partner at Nickel Digital Asset Management. Bullish CEO Tom Farley was previously the president of the NYSE. 'For a sector still overcoming reputational headwinds, that kind of leadership experience can be a differentiator in securing institutional mandates,' Hall said. (Reporting by Ateev Bhandari and Atharva Singh in Bengaluru and Hannah Lang in New York; Editing by Shilpi Majumdar, Devika Syamnath, Tasim Zahid and Alan Barona)
CBC
25 minutes ago
- CBC
Air Canada says it will begin cancelling flights ahead of possible weekend strike
Air Canada says it will begin cancelling flights on Thursday ahead of a potential strike that could see more than 10,000 flight attendants walk off the job this weekend. It comes as unionized flight attendants with Air Canada issued 72-hour strike notice.
CBC
25 minutes ago
- CBC
BoC officials considered whether interest rate already low enough to weather tariffs
Newly released documents show some members of the Bank of Canada were wondering last month whether the central bank's benchmark interest rate is already low enough to support the Canadian economy through U.S. tariffs. The Bank of Canada on Wednesday released the summary of deliberations from the meetings leading up to its decision on July 30 to hold the policy rate steady at 2.75 per cent. Those minutes show the central bank's governing council was fixed on how U.S. tariffs and the global trade "rewiring" were affecting inflation and the wider Canadian economy. The central bank's decision arrived just a couple days before U.S. President Donald Trump ratcheted base tariffs on Canada up to 35 per cent, while maintaining an exemption for goods compliant with CUSMA. Despite the ongoing uncertainty, monetary policymakers noted there were some signs of economic resilience heading into the rate decision. Rate cuts 'sufficient' to support economy The deliberations show some members wondered if the Bank of Canada had already provided "sufficient support" to guide the economy through its tariff transition. The central bank cut its policy rate seven consecutive times from June 2024 to March of this year in a bid to boost the economy as inflation showed signs of coming back under control. Economists say much of the impact from a monetary policy decision tends to take effect a year or more after the move, so many of those rate cuts are just now starting to stimulate the economy. WATCH | Bank of Canada held rates again in July: Bank of Canada 'ready to respond to new information,' Macklem says after holding rate 14 days ago Bank of Canada governor Tiff Macklem, when asked Wednesday if he sees the need for a rate cut this year, declined to forecast — but stressed that the bank is always watching for new information, especially around the Canada-U.S. trade situation. In that vein, the Bank of Canada governing council wondered whether cutting rates now, only for the economy to recover on its own, would only end up fuelling inflation down the road. "Given the lagged effects of monetary policy, there was a risk that further easing might take effect only as demand was recovering, which could add to price pressures," the summary read. Some forecasters, including RBC, have no further interest rate cuts in their base-case outlooks. Others on the Bank of Canada's governing council felt that signs of slack emerging in the economy could warrant additional rate cuts, particularly if the labour market started showing more weakness. If incoming data showed inflation wasn't straying too far from the central bank's target of two per cent, there could be a need for a lower policy rate, those members argued in the deliberations. No sharp rise in inflation with U.S. tariffs Alongside the rate decision, the Bank of Canada issued three scenarios for how the U.S. tariff situation could evolve: the status quo persists; there's a de-escalation in trade restrictions; and tariffs ramp up. The governing council noted that none of those scenarios showed a "sharp rise in inflation." Monetary policymakers said in deliberations that the impact of tariffs on consumer prices "appeared to be modest so far," but those effects were only just starting to show up in the data. "Members judged the risks to inflation to be elevated given evident pressures on underlying inflation and the uncertainty around the impacts that tariffs and trade disruptions could have on Canada's economy over time," the summary read. The Bank of Canada will get a fresh look at inflation figures for July and August ahead of its Sept. 17 interest rate decision.
