Market Newsdesk

FOSHAN, China, Dec. 3, 2020 /PRNewswire/ — Bright Scholar Education Holdings Limited (“Bright Scholar” or the “Company”) (NYSE: BEDU), a global premier education service company, today announced that St. Michael’s School in Llanelli, a Bright Scholar overseas school, has been named “The Welsh Independent School of the Decade” by Sunday Times Schools Guide published online on November 29, 2020. The prestigious award was bestowed by the Sunday Times and the Parent Power publication, acknowledging its consistent academic excellence over the past 10 years.

Mr. Jerry He, Executive Vice Chairman of Bright Scholar, commented: “Congratulations to all our staff and students at St. Michael’s School for this remarkable achievement. The award is a recognition of all our hard work and dedication over the past decades. It has filled the Bright Scholar family with pride and inspiration, especially during this extraordinary time amid the global pandemic. Bright Scholar will continue to support our schools to strive for academic excellence through leveraging the expanded resources and synergies from its global school network.”

Alastair McCall, who edits Parent Power, said St. Michael’s School deserved the award, “Always one of the leading Welsh independent schools, St. Michael’s has been on an accelerating upward curve, rising from 229th place in 2014 to 52nd in our latest ranking through five straight years of improving examination results. The 92% of A-level grades at A*, A or B grades in 2019 was astounding.”

About St. Michael’s School

The 400+ school community comprises children from the local area and overseas totalling 25 nationalities. It offers high academic standards and good pastoral support; children are also encouraged to develop their interests outside of the classroom to become well-rounded, academically able, and confident young people.

About Parent Power Publication

The 28th edition of Parent Power identifies the 2,000 highest-achieving schools in the UK, ranked by their most recently published examination results. A fully searchable national database by school name, local authority, town and postcode, together with regional rankings are available to Times and Sunday Times subscribers at: thesundaytimes.co.uk/parentpower.

About Bright Scholar Education Holdings Limited

Bright Scholar is a global premier education service company, dedicated to providing quality international education to global students and equipping them with the critical academic foundation and skillsets necessary to succeed in the pursuit of higher education. Bright Scholar also complements its international offerings with Chinese government-mandated curriculum for students who wish to maintain the option of pursuing higher education in China. As of August 31, 2020, Bright Scholar operated 81 schools across ten provinces in China and eight schools overseas, covering the breadth of K-12 academic needs of its students. In the fiscal year ended August 31, 2020, Bright Scholar had an average of 51,825 students enrolled at its schools.

Safe Harbor Statement

This announcement contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements include, without limitation, the Company’s business plans and development, which can be identified by terminology such as “may,” “will,” “expect,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,” “potential,” “continue,” “is/are likely to” or other similar expressions. Such statements are based upon management’s current expectations and current market and operating conditions and relate to events that involve known or unknown risks, uncertainties and other factors, all of which are difficult to predict and many of which are beyond the Company’s control, which may cause the Company’s actual results, performance or achievements to differ materially from those in the forward-looking statements. Further information regarding these and other risks, uncertainties or factors is included in the Company’s filings with the U.S. Securities and Exchange Commission. The Company does not undertake any obligation to update any forward-looking statement as a result of new information, future events or otherwise, except as required under law.

IR Contact:

GCM Strategic Communications 
Email: [email protected]

Media Contact:
Email: [email protected]
Phone: +86-757-6683-2507

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SOURCE Bright Scholar Education Holdings Ltd.

Canadians willing to provide assistance would provide an average of just over $60,000, with fewer than half expecting to be paid back

TORONTO, Dec. 3, 2020 /CNW/ – COVID-19 may be keeping families distanced, but many are close financially, with a large proportion of Canadians stating they are willing to help out their adult children or relatives fulfill their dreams of homeownership. This is despite current financial realities brought on by the pandemic, according to the RBC Home Buying Sentiment Poll.

The poll, which provides updates on current perceptions and sentiments related to the Canadian housing market, found that 47% of Canadians surveyed are worried their financial position may deteriorate over the next year. Even though over three-quarters of respondents are concerned about the financial impacts of COVID-19 (76%) and are trying to limit their spending (76%), roughly one-third are willing to help their child or an immediate family member pay for a new home (31%). Almost one-half are also willing to help their child or family member with rent if asked (46%).

In fact, a quarter of Canadians polled stated they were having to provide more financial support to their family as a result of the pandemic (25%). When called upon, Canadians that were willing to provide financial assistance were willing to give their child or an immediate family member an average of $60,513 to support their home purchase, with only nearly half expecting to be paid back (49%).

“As more of us continue to work and spend time at home, many Canadians want to continue on their path to homeownership,” said Amit Sahasrabudhe, Vice-President, Home Equity Finance, Products and Acquisitions, RBC. “Over the last few years, and throughout the pandemic, it has become harder to enter the market in many cities nationwide, especially when trying to do it alone. Even during these uncertain times, what we are seeing is that families are continuing to rally around each other and financially support their loved ones as they work towards buying a home.”

Overall, when trying to purchase a home, only 24% of respondents said they would do so by themselves. Instead, the majority stated it was almost impossible to buy a home on their own (58%) or afford rent (60%) in their area, with 60% calling house prices unaffordable in their region.

The research also found that two-thirds of Canadians polled expressed concerns about how the next generation, and their children, would be able to afford a home (66%), with over half thinking that affordability will only worsen in the near future (53%). Despite this, the vast majority of respondents still believe that homeownership is a good investment (81%), with only 29% agreeing it makes more sense to rent than buy right now.

“Canadians have a lot more to consider when buying a home than they did a year ago, but they don’t have to do it alone,” concluded Sahasrabudhe. “Whether you are just starting on your home buying journey or are trying to navigate the current environment, there are digital resources, tools and expert support to help you find a plan that works for you.”

According to Sahasrabudhe, there are a number of things that Canadians can do to help themselves get started on their path to homeownership:

• While the way we connect may have changed since the pandemic started, the importance of getting expert advice hasn’t. Buying a home is one of the biggest purchases you will ever make and there is no substitute for doing your research and having the right tools and conversations around how purchasing a home fits within your overall financial plan. RBC Mortgage Specialists are available by phone to help you through the process. Digital tools like RBC Homebuyer Advantage can also act as a one-stop resource with step-by-step guides, tools, calculators and special offers to help you whether you are just starting out or ready to make a move.
• Buying a home at any time requires balancing your personal finances with external factors. Personal factors like your income, down payment savings, and amount of personal debt can all influence your ability to purchase the home you want. External factors like current real estate prices and interest rates will also affect your home-buying choices. Whether you are buying a home for yourself or helping out a family member, the first thing to do is learn how much you can afford. The RBC True House Affordability tool can give you a personalized estimate on how much you may be able to afford, while RBC’s Home Value Estimator can help you determine the estimated value of your current home to help you build your home-buying budget.

National and Regional Data Tables

About the RBC Home Buying Sentiment Poll
The RBC Home Buying Sentiment Poll was completed between November 6-11, 2020, polling 1,070 respondents using Leger’s online panel. The margin of error for each of these samples was ±3.0%, 19 times out of 20.

About RBC
Royal Bank of Canada is a global financial institution with a purpose-driven, principles-led approach to delivering leading performance. Our success comes from the 86,000+ employees who leverage their imaginations and insights to bring our vision, values and strategy to life so we can help our clients thrive and communities prosper. As Canada’s biggest bank, and one of the largest in the world based on market capitalization, we have a diversified business model with a focus on innovation and providing exceptional experiences to our 17 million clients in Canada, the U.S. and 34 other countries. Learn more at rbc.com.‎

We are proud to support a broad range of community initiatives through donations, community investments and employee volunteer activities. See how at rbc.com/community-social-impact.

SOURCE RBC Royal Bank

– Reached monthly run rate of 70,000 steering units shipped to leading Chinese OEMs and North America aftermarket  –

– New steering product and production line are ready for autonomous driving trucks and buses –

WUHAN, China, Dec. 3, 2020 /PRNewswire/ — China Automotive Systems, Inc. (Nasdaq: CAAS) (“CAAS” or the “Company”), a leading power steering components and systems supplier in China, today announced that it shipped approximately 70,000 commercial vehicle steering systems to leading Chinese truck OEM producers and the North America aftermarket in the month of November. 

As Chinese industrial production accelerated its recovery after the pandemic, the leading Chinese truck producers such as Beiqi Foton, Shaanxi Auto, SinoTruck, FAW and Dongfeng Motor have significantly increased their orders to CAAS in recent months. In the month of November, total shipments of commercial vehicle steering systems has reached a Company monthly historical high, and the monthly sales run rate of 70,000 units is expected to continue into the first quarter of 2021.

In addition, a brand-new assembly line for intelligent RCB steering systems (“iRCB”) for commercial vehicles has been installed and is currently undergoing testing.  Specifically designed for autonomous-driven commercial vehicles, CAAS’ proprietary commercial vehicle iRCB systems feature electric motor assisted power steering to provide maximum assistance in parking, and in lane keeping at highway speeds.  While the Company plans to officially launch the product in 2021, more than 10 major domestic OEMs have already expressed strong interest in this product. This new product is expected to be produced on this new dedicated production line.

Mr. Qizhou Wu, chief executive officer of CAAS, commented, “To keep up with the surging demand from the robust growth momentum in the Chinese commercial vehicle market, our steering production lines are running at nearly full capacity with two shifts.  Our new assembly line will arrive at the right moment to help strengthen our production capacity for our next generation product.  We are very excited to be part of the upcoming autonomous driving supplier ecosystem. Being the first home-grown steering producer for the Chinese commercial vehicle market, we have extended our 20-year industry leadership by adding to our domestic market share in 2020 even as we also increased penetration of the international markets. As Chinese commercial vehicles are among the most competitive offerings in the world, we believe that we are well positioned for future growth.”

About China Automotive Systems, Inc.

Based in Hubei Province, the People’s Republic of China, China Automotive Systems, Inc. is a leading supplier of power steering components and systems to the Chinese automotive industry, operating through ten Sino-foreign joint ventures. The Company offers a full range of steering system parts for passenger automobiles and commercial vehicles. The Company currently offers four separate series of power steering with an annual production capacity of over 6 million sets of steering gears, columns and steering hoses. Its customer base is comprised of leading auto manufacturers, such as China FAW Group, Corp., Dongfeng Auto Group Co., Ltd., BYD Auto Company Limited, Beiqi Foton Motor Co., Ltd. and Chery Automobile Co., Ltd. in China, and Chrysler Group LLC and Ford Motor Company in North America. For more information, please visit: http://www.caasauto.com.

Forward-Looking Statements

This press release contains statements that are “forward-looking statements” as defined under the Private Securities Litigation Reform Act of 1995. Forward-looking statements represent our estimates and assumptions only as of the date of this press release. These forward-looking statements include statements regarding the qualitative and quantitative effects of the accounting errors, the periods involved, the nature of the Company’s review and any anticipated conclusions of the Company or its management and other statements that are not historical facts. Our actual results may differ materially from the results described in or anticipated by our forward-looking statements due to certain risks and uncertainties. As a result, the Company’s actual results could differ materially from those contained in these forward-looking statements due to a number of factors, including those described under the heading “Risk Factors” in the Company’s Form 10-K annual report filed with the Securities and Exchange Commission on March 28, 2019, and in documents subsequently filed by the Company from time to time with the Securities and Exchange Commission. If the outbreak of COVID-19 is not effectively and timely controlled, our business operations and financial condition may be materially and adversely affected as a result of the deteriorating market outlook for automobile sales, the slowdown in regional and national economic growth, weakened liquidity and financial condition of our customers or other factors that we cannot foresee. Any of these factors and other factors beyond our control, could have an adverse effect on the overall business environment, cause uncertainties in the regions where we conduct business, cause our business to suffer in ways that we cannot predict and materially and adversely impact our business, financial condition and results of operations. A prolonged disruption or any further unforeseen delay in our operations of the manufacturing, delivery and assembly process within any of our production facilities could continue to result in delays in the shipment of products to our customers, increased costs and reduced revenue.  We expressly disclaim any duty to provide updates to any forward-looking statements made in this press release, whether as a result of new information, future events or otherwise.

For further information, please contact:

Jie Li

Chief Financial Officer
China Automotive Systems, Inc.
Email: [email protected]

Kevin Theiss

Awaken Advisors
+1-212-521-4050
Email: [email protected]

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SOURCE China Automotive Systems, Inc.

SHENZHEN, China, Dec. 3, 2020 /PRNewswire/ — X Financial (NYSE: XYF) (the “Company” or “we”), a leading technology-driven personal finance company in China, today announced that it has received a notification letter from the New York Stock Exchange (the “NYSE”) dated December 2, 2020, informing the Company that it has regained compliance with the NYSE’s continued listing criterion of a minimum share price as set forth in Section 802.01C of the NYSE Listed Company Manual.

As previously announced, the Company received a letter from the NYSE dated April 28, 2020 notifying the Company that it was below compliance standards due to the fact that the average closing price of the Company’s American depositary shares (the “ADSs”) was less than $1.00 for a consecutive 30 trading-day period. In order to regain compliance with the minimum share price requirement, the Company changed the ratio of the ADSs representing its Class A ordinary shares from one (1) ADS representing two (2) Class A ordinary shares to one (1) ADS representing six (6) Class A ordinary shares. The change of the ADS ratio became effective on November 19, 2020.

On December 2, 2020, NYSE provided confirmation to the Company that its average closing share price for the consecutive 30-trading days ended November 30, 2020 was above the NYSE’s minimum requirement of $1.00 per share. Accordingly, the Company is no longer considered below the $1 continued listing criterion and has regained compliance on this matter.

About X Financial

X Financial (NYSE: XYF) (the “Company”) is a leading technology-driven personal finance company in China focused on meeting the huge demand for credit from individuals and small-to-medium-sized enterprise owners. The Company’s proprietary big data-driven risk control system, WinSAFE, builds risk profiles of prospective borrowers using a variety data-driven credit assessment methodology to accurately evaluate a borrower’s value, payment capability, payment attitude and overall creditworthiness. X Financial has established a strategic partnership with ZhongAn Online P&C Insurance Co., Ltd. in multiple areas of its business operations to directly complement its cutting-edge risk management and credit assessment capabilities. ZhongAn Online P&C Insurance Co., Ltd. provides credit insurance on X Financial’s investment products which significantly enhances investor confidence and allows the Company to attract a diversified and low-cost funding base from individuals, enterprises and financial institutions to support its growth. X Financial leverages financial technology to provide convenient, efficient, and secure investment services to a wide range of high-quality borrowers and mass affluent investors which complements traditional financial institutions and helps to promote the development of inclusive finance in China.

For more information, please visit: http://ir.xiaoyinggroup.com.

Safe Harbor Statements

This announcement contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates,” “potential,” “continue,” “ongoing,” “targets,” “guidance” and similar statements. The Company may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission (the “SEC”), in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Any statements that are not historical facts, including statements about the Company’s beliefs and expectations, are forward-looking statements that involve factors, risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. Such factors and risks include, but not limited to the following: the Company’s goals and strategies; its future business development, financial condition and results of operations; the expected growth of the credit industry, and marketplace lending in particular, in China; the demand for and market acceptance of its marketplace’s products and services; its ability to attract and retain borrowers and investors on its marketplace; its relationships with its strategic cooperation partners; competition in its industry; and relevant government policies and regulations relating to the corporate structure, business and industry. Further information regarding these and other risks, uncertainties or factors is included in the Company’s filings with the SEC. All information provided in this announcement is current as of the date of this announcement, and the Company does not undertake any obligation to update such information, except as required under applicable law.

For investor and media inquiries, please contact:

X Financial

Mr. Frank Fuya Zheng
Email: [email protected]

Christensen

In China
Mr. Eric Yuan
Phone: +86-10- 5900-1548
E-mail: [email protected]

In US
Ms. Linda Bergkamp
Phone: +1-480-614-3004
Email: [email protected]

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SOURCE X Financial

NEW YORK, and SANTA MONICA, Calif., Dec. 3, 2020 /PRNewswire/ — Macerich (NYSE: MAC), one of the nation’s leading owners, operators and developers of one-of-a-kind retail properties in top markets, today announced the Company has earned Bureau Veritas SafeGuard™ Hygiene Excellence and Safety Certification for key properties.

This high-profile certification designates a facility has met stringent requirements to minimize the on-site risk of virus spread and is adhering to best-in-class hygiene and safety protocols.

“At Macerich, we’ve put people’s well-being first, so everyone can feel confident at our market-leading retail properties – this holiday season and always,” said Olivia Bartel Leigh, Executive Vice President, Portfolio Operations and People, Macerich. “We’re pleased that our properties meet the high bar for hygiene and safety as measured by the Bureau Veritas SafeGuard™ Hygiene Excellence and Safety Certification, and think this seal of approval can help make a difference for people as they choose where and how to shop.”

Shelly Orel, President – Certification, Audit & Assurance, Bureau Veritas North America, commented: “Bureau Veritas is proud to certify Macerich and award the Bureau Veritas SafeGuard^TM Hygiene Excellence and Safety Certification across their retail properties. We commend Macerich for continuing to put safety first – and implementing the industry’s highest hygiene and health standards to protect their employees, retailers and shoppers.”

All 11 Macerich centers that applied for the certification to date have successfully earned this meaningful hygiene and safety award. Importantly, all 47 Macerich regional shopping centers have implemented the same set of rigorous hygiene and health protocols.

The 11 Macerich centers are:

• Arrowhead Towne Center (AZ)
• Fashion Fair (CA)
• Fashion Outlets of Chicago (IL)
• Kings Plaza (NY)
• Lakewood Center (CA)
• Los Cerritos Center (CA)
• Queens Center (NY)
• Stonewood Center (CA)
• Tysons Corner Center (VA)
• Vintage Faire Mall (CA)
• Washington Square (OR)

A skilled operator with decades of experience, Macerich adheres to high operating standards and now has new protocols in place to meet today’s needs. These include intensified cleaning and sanitizing, plus the use of electrostatic sprayers; providing masks at all properties as needed and requiring mask-wearing at all properties in compliance with state and local requirements; social distance queuing, path of travel, security, deliveries, and furniture placement per industry best practices and CDC recommendations. Macerich properties now also feature enhanced, high-quality HVAC systems with hospital-grade filtration.

The independent third-party certification process by Bureau Veritas includes:

• Detailed review of safety guides and protocols to achieve hygiene and safety excellence using industry best practices, local laws and requirements, and leading medical expertise

• Best-in-class digital solutions to conduct audits of Macerich’s properties to ensure compliance of hygiene protocols and operational requirements

• Administration of the Bureau Veritas SafeGuard^TM Hygiene Excellence and Safety Label upon achieving a successful audit which demonstrates each property is in compliance, providing an extra layer of assurance to the general public, employees and retailers

About Bureau Veritas

Bureau Veritas is a world-leading provider in testing, inspection and certification. Created in 1828, the Group has more than 75,000 employees located in more than 1,500 offices and laboratories around the globe. Bureau Veritas helps its clients to improve their performance by offering services and innovative solutions in order to ensure that their assets, products, infrastructure and processes meet standards and regulations in terms of quality, health and safety, environmental protection and social responsibility.

Bureau Veritas is listed on Euronext Paris and belongs to the Next 20 index.
Compartment A, ISIN code FR 0006174348, stock symbol: BVI.
For more information, visit www.bvna.com, and follow us on Twitter and LinkedIn.

About Macerich

Macerich is a fully integrated, self-managed and self-administered real estate investment trust (REIT), which focuses on the acquisition, leasing, management, development and redevelopment of regional malls throughout the United States.

Macerich currently owns 51 million square feet of real estate consisting primarily of interests in 47 regional shopping centers. Macerich specializes in successful retail properties in many of the country’s most attractive, densely populated markets with significant presence on the West Coast and in Arizona, Chicago and the New York Metro to Washington, DC corridor. A recognized leader in sustainability, Macerich has achieved the #1 GRESB ranking in the North American Retail Sector for five straight years, 2015-2019. Additional information about Macerich can be obtained from the Company’s website at www.macerich.com.

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SOURCE Macerich Company

NEW YORK, Dec. 3, 2020 /PRNewswire/ — Global Net Lease, Inc. (NYSE: GNL) (“GNL” or the “Company”) announced today that 97% of the original cash rent due for the fourth quarter of 2020 has been received as of December 2, 2020, including 98% of the original cash rent due from the Company’s assets in the United Kingdom and 99% of the original cash rent due from the Company’s assets in the rest of Europe.

“We continue to see tremendous rent collection in our portfolio despite the ongoing global effects of COVID-19,” said James Nelson, CEO of GNL. “Our portfolio of triple net leased, mission critical industrial and office assets was built to be resilient and remains over 99% occupied as of September 30, 2020 with 8.7 years of remaining lease term and over 65% of rent derived from investment grade or implied investment grade tenants¹.”

Acquisition & Pipeline
On November 5, 2020, GNL closed on the acquisition of four industrial properties located in the US for a total of $153 million at a weighted-average going-in capitalization rate² of 6.48% and a weighted-average capitalization rate³ of 6.98%. The properties have 9.1 years of remaining term, weighted based on square feet, as of the closing date.

As of December 2, 2020 GNL has a forward acquisition pipeline consisting of one European office for $5.1 million and two industrial assets in the United States for $134.8 million for a total of $139.8 million⁴ at a weighted-average going-in capitalization rate of 6.48% and a weighted-average capitalization rate of 7.45%. The properties have 10.1 years of remaining term, weighted based on square feet.

About Global Net Lease, Inc.
Global Net Lease, Inc. (NYSE: GNL) is a publicly traded real estate investment trust listed on the NYSE focused on acquiring a diversified global portfolio of commercial properties, with an emphasis on sale-leaseback transactions involving single tenant, mission critical income producing net-leased assets across the United States, 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. These forward-looking statements involve risks and uncertainties that could cause actual results or events to be materially different. The words “anticipates,” “believes,” “expects,” “estimates,” “projects,” “plans,” “intends,” “may,” “will,” “would” 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 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 potential adverse effects of the ongoing global COVID-19 pandemic, including actions taken to contain or treat the COVID-19, on the Company, the Company’s tenants and the global economy and financial markets and that the information about fourth quarter 2020 rent collections may not be indicative of any future period, as well as those risks and uncertainties set forth in the Risk Factors section of the Company’s Annual Report on Form 10-K for the year ended December 31, 2019 filed on February 28, 2020 and all other filings with the SEC after that date, 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, unless required to do so by law.

Contacts:

Investors and Media:
Email: [email protected]  
Phone: (212) 415-6510

1. Comprised of 36% leased to tenants with an actual investment grade rating and 29% leased to tenants with an implied investment grade rating as of September 30, 2020. Implied investment grade may include actual ratings of tenant parent, guarantor parent (regardless of whether or not the parent has guaranteed the tenant’s obligation under the lease) or by using a proprietary Moody’s analytical tool, which generates an implied rating by measuring a company’s probability of default.
2. Going-in capitalization rate is a rate of return on a real estate investment property based on the expected, cash rental income that the property will generate under its existing lease during the first year of the lease. Going-in capitalization rate is calculated by dividing the cash rental income the property will generate during the first year of the lease (before debt service and depreciation and after fixed costs and variable costs) and the purchase price of the property. The weighted average going-in capitalization rate is based upon square feet of the date of acquisition.
3. Capitalization rate is a rate of return on a real estate investment property based on the expected, annualized straight-line rental income that the property will generate under its existing lease. Capitalization rate is calculated by dividing the average annualized straight-line rental income the property will generate (before debt service and depreciation and after fixed costs and variable costs) and the purchase price of the property. The weighted average capitalization rate is based upon square feet.
4. There can be no assurance the Company will complete any of these pending acquisitions on their contemplated terms, or at all.

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SOURCE Global Net Lease, Inc.