Global Net Lease, Inc. reports developments as an internally managed net lease REIT that owns, manages, leases, acquires and sells commercial real estate properties. Its portfolio is organized around Industrial & Distribution, Retail and Office assets, with operations described across the United States, the United Kingdom, Canada and Europe.
Recurring GNL news includes operating and financial results, portfolio strategy, capital recycling, leverage and liquidity commentary, and dividends on common and preferred stock. Company updates also cover material agreements, shareholder voting matters and board governance, including director transitions and annual meeting matters.
Global Net Lease (NYSE: GNL) reported third-quarter 2026 adjusted funds from operations, or AFFO, of $0.22 per diluted share. Revenue fell to $112.9 million from $121.0 million a year earlier, while the common-stockholder net loss narrowed to $67.1 million from $71.1 million. AFFO per share declined from $0.24.
The company raised its full-year AFFO guidance floor to $0.83–$0.85. It completed the $535 million Modiv Industrial acquisition on August 12, increasing industrial exposure to 51% of portfolio straight-line rent. Office exposure declined to 23% from 27% at the start of 2026; GNL expects approximately 18% after pending sales. Closed sales plus the disposition pipeline totaled $391 million as of October 30. Quarterly repurchases totaled $58.5 million. Liquidity was $863.3 million, with no debt maturing until fourth-quarter 2027. GNL reaffirmed year-end leverage guidance of 6.5x–6.9x.
Global Net Lease (GNL) will release its third-quarter 2026 financial results on November 4, 2026, after trading closes. The results cover the quarter ended September 30, 2026. Management will host a conference call and audio webcast on November 5, 2026, at 11:00 a.m. ET to discuss results and business performance, followed by questions and answers. A webcast replay will be available on the company's website shortly after the call.
Global Net Lease (NYSE: GNL) declared a common stock dividend of $0.190 per share for the fourth quarter of 2026. The dividend is payable on October 16, 2026, to common stockholders of record at the close of business on October 12, 2026. Common stock dividends are generally paid quarterly in arrears during the first month following each fiscal quarter.
Global Net Lease (GNL) declared quarterly cash dividends on all outstanding preferred stock series, payable in October 2026.
The company set dividends of $0.453125 per share for its 7.25% Series A, $0.4296875 per share for its 6.875% Series B, $0.46875 per share for its 7.50% Series D, and $0.4609375 per share for its 7.375% Series E preferred stock. All dividends are payable on October 15, 2026 to holders of record at the close of business on October 2, 2026. GNL is a publicly traded REIT focused on income-producing net lease assets in the United States and Western and Northern Europe.
Greenberg Traurig advised Global Net Lease (NYSE: GNL) on its completed acquisition of Modiv Industrial, adding a $535 million portfolio of industrial net-lease properties across the United States. The transaction closed on August 12 and supports GNL’s strategy of expanding its industrial real estate exposure.
According to Global Net Lease, industrial assets now account for approximately 50% of total straight-line rent, with the Modiv deal expected to enhance portfolio quality, diversification, and long-term cash flow durability. Under the terms, each Modiv common share was exchanged for 1.975 newly issued GNL shares, while Modiv preferred shareholders received $25 per share in cash plus accrued and unpaid dividends. Greenberg Traurig coordinated a multidisciplinary team across real estate, REIT, corporate, tax, and capital markets practices to execute the transaction.
Global Net Lease (NYSE:GNL) completed its previously announced acquisition of Modiv Industrial on August 12, 2026, adding a primarily industrial net-lease portfolio valued at approximately $535 million. The acquired assets are priced at an estimated 7.6% cash cap rate and 8.7% GAAP cap rate.
According to GNL, Modiv’s properties increase industrial exposure to about 50% of total straight-line rent, with roughly 45% of annual base rent from investment-grade or implied investment-grade tenants, a 15.0-year weighted average remaining lease term and average 2.4% annual rent escalations. Pro forma, GNL’s portfolio weighted average remaining lease term extends from 5.7 to 6.6 years. The transaction, approved by Modiv stockholders and not requiring a GNL stockholder vote, is expected to be immediately 4% accretive to AFFO per share on a leverage-neutral basis. Each Modiv common share converted into 1.975 GNL shares, while Modiv preferred shares received $25.00 in cash plus accrued dividends, and Modiv’s securities were delisted from the NYSE.
Modiv Industrial (NYSE:MDV) reported that its common stockholders approved the previously announced acquisition of Modiv Industrial by Global Net Lease (NYSE:GNL) at a special meeting held August 10, 2026. Approximately 94% of votes cast supported the transaction, representing more than 61% of Modiv’s outstanding common shares.
According to Modiv Industrial, the transaction is expected to close on or about August 12, 2026, subject to satisfaction or waiver of remaining customary closing conditions. The company stated that, upon closing, Modiv investors are expected to receive a 25% increase in dividend and will hold GNL stock. Modiv plans to file final vote results in a Form 8‑K with the SEC. BMO Capital Markets advised GNL, while Truist Securities advised Modiv.
Global Net Lease (NYSE: GNL) reported second quarter 2026 revenue of $112.5 million, down from $124.9 million a year earlier, with a net loss attributable to common stockholders of $7.5 million versus a $35.1 million loss in 2025. AFFO was $45.7 million, or $0.22 per share, compared with $53.1 million, or $0.24 per share.
GNL raised full-year 2026 AFFO per share guidance to $0.82–$0.85 and increased expected gross transaction volume to $700–$800 million. Net debt to Adjusted EBITDA improved to 6.6x, liquidity rose to $919 million and revolver capacity to $1.3 billion. Year-to-date closed plus disposition pipeline reached $263 million, 78% from office sales, supporting office exposure reduction.
The company repurchased 20.9 million shares for $169.7 million since February 2025 and maintained 97% portfolio occupancy. GNL expects its acquisition of Modiv Industrial to close in mid-August 2026, which it projects will be approximately 4% accretive to AFFO per share and increase industrial exposure to about 50% of portfolio straight-line rent.
Global Net Lease (NYSE: GNL) will release its financial results for the second quarter ended June 30, 2026 on Wednesday, August 5, 2026, after the close of NYSE trading. Management will host a conference call and webcast on Thursday, August 6, 2026 at 11:00 a.m. ET to discuss results and business performance.
Global Net Lease (NYSE:GNL) declared a common stock dividend of $0.190 per share for the third quarter 2026. The dividend is payable on July 17, 2026 to shareholders of record as of July 13, 2026.
According to the company, common dividends are paid quarterly in arrears, generally during the first month after each fiscal quarter-end.