Global Net Lease, Inc. (NYSE:GNL) Q3 2019 Earnings Conference Call - Final Transcript

Nov 08, 2019 • 11:00 am ET

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Global Net Lease, Inc. (NYSE:GNL) Q3 2019 Earnings Conference Call - Final Transcript

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Q & A
Executive
Christopher Masterson

Typically from a net debt-to-EBITDA perspective we were roughly about 7% and we're looking to remain consistent for now. Ultimately in the long run it's something we would like to bring down but in the short term we will be consistent.

Analyst
John Massocca

Okay. So consistent with the current level though generally?

Executive
Christopher Masterson

With where we've been previously. This current level with the capital coming in at the end pulled it down a little bit.

Analyst
John Massocca

Okay. And then do you have any update potentially on the timing for closing of the Germany office sales? Is that still a 2019 event or could that slip into 2020?

Executive
Christopher Masterson

That's a 2019 event.

Analyst
John Massocca

Okay perfect. And then more generally speaking there was some office in both the pipeline that you closed this quarter. How much of that is kind of headquarters? Or is any of it more kind of I guess what people on the health care REIT side would call MOB or medical office kind of properties?

Executive
Christopher Masterson

I'll pass to Brian. He'll give you a little more detail.

Executive
Brian Mansouri

Everything we're looking at in the office space is traditional office either headquarter or administrative so nothing that we're doing is medical office in any sense of the word. So yes pretty consistent in terms of the types of office buildings that we're looking at.

Analyst
John Massocca

Okay, that's it for me, Thanks.

Executive
Brian Mansouri

Thanks a lot, john.

Operator
Operator

Thank you, ladies and gentlemen. Conclusion question and answer session. I'm going to turn the conference back over to Chris Masterson for any closing remarks.

Executive
Christopher Masterson

Okay. Well thanks a lot for everyone for dialing in and hopefully we'll see some of you at NAREIT next week. Thanks. Goodbye.

Operator
Operator

[Operator Closing Remarks]