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The public, non-traded American Realty Capital Global Trust has announced plans to list its common stock on the New York Stock Exchange. Pending NYSE approval, it can begin trading during Q2 2015. In the meantime, here’s a quick rundown of everything you need to know about ARC Global and the listing:
Company’s old name: American Realty Capital Global Trust Inc.
Company’s new name: Global Net Lease Inc.
Symbol: GNL
Founded: 2006
CEO: Scott Bowman
New Board Chair: Sue Perrotty
Replacing: William Kahane
Reason for listing: To maximize long-term stockholder value
Operational info as of Dec. 31, 2014:
295 assets
16M SF
100% occupancy
Geographic allocation: 60% US, 40% Europe (23% UK, 11% Germany, 3% Finland and 3% Netherlands)
REIT IPO: June 2014, raised $1.7B
Portfolio highlights: FedEx Ground 698,609 SF, Garden Ridge 565k SF, Lippert Components 539k SF and Crown Crest (UK) 805,530 SF
Portfolio aggregate cost: $2.4B
Notable recent acquisition: 226k SF Quest Diagnostics building in LA for $96M. Quest is one of the largest biomedical companies in the US.
Bowman’s thoughts: “The Company remains strategically positioned to continue its growth, and our US and European management teams look forward to utilizing their expertise to capitalize on further property investments and seek to enhance long-term value for our stockholders.”
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