May. 11 at 7:48 PM
$GNL Management of this company has executed diligently on exactly what the market signaled it wanted to induce a rerating. While the price performance from the 52wk lows has been good (+35%), this remains 30-40% undervalued. At my price target of
$13+, the stock would align with peers WPC, O, and others on dividend yield and P/AFFO. Management has proven itself capable and credible of executing on its strategy. The market should continue to remove the risk premium it's placing on GNL.
