11 Best REIT Stocks To Buy Under $10

9. Global Net Lease, Inc. (NYSE:GNL)

Share Price as of October 26: $8.04

Number of Hedge Fund Holders: 14

Global Net Lease, Inc. (NYSE:GNL) is an internally managed real estate investment trust. The REIT focuses on acquiring and managing a global portfolio of income-producing net-leased assets across the United States, Western and Northern Europe.

A global presence and a well-diversified portfolio remain a competitive advantage for Global Net Lease, Inc. (NYSE:GNL). This advantage offers GNL the flexibility to focus on attractive opportunities in multiple markets and segments that would potentially contribute long-term value to its shareholders. The firm boasts a top-notch portfolio of premium commercial real estate assets occupied by high-quality investment-grade tenants. The scale is huge with over 1,200 properties in 11 countries globally.

GNL continued its leasing momentum in the second quarter with 97 lease renewals and new leases, representing almost 1.5 million square feet and more than $17 million of straight-line rent. The REIT grew its AFFO per share by 2% and reduced outstanding debt by $251 million in the quarter.

The firm is also progressing well on its 2024 strategic disposition plan as it has closed nearly $569 million of dispositions through Q3 2024. Global Net Lease, Inc. (NYSE:GNL) is geographically diversified with a global presence and a best-in-class portfolio. As of Q2, the stock is held by 14 hedge funds.