Global Net Lease, Inc. (GNL) SEC Filings, Jun-Jul 2026

Global Net Lease, Inc. director and CEO Edward M. Weil Jr. reported an “other” restructuring transaction involving 2,169,000 shares of common stock. According to the disclosure, these shares are to be received by Mr. Weil as a distribution of partnership assets from Bellevue Capital Partners, LLC and its affiliates under a separation agreement effective July 2, 2026. The distribution is scheduled for the earlier of January 8, 2027 or within two business days after Bellevue’s holdings fall below 5,000,000 shares of Global Net Lease, subject to specified conditions. Following this reported transaction, Mr. Weil is shown as holding 2,918,313 common shares directly.

Global Net Lease, Inc. reports that, effective July 2, 2026, Chief Executive Officer and President Edward M. Weil, Jr. entered into a separation agreement with Bellevue Capital Partners LLC, parent of the company’s former advisor and property manager, and its affiliates. Mr. Weil and Bellevue agreed that Bellevue will redeem his non-controlling passive membership interest, after which he will no longer be associated with Bellevue or its subsidiaries. In connection with this redemption, Mr. Weil is to receive 2,169,000 shares of GNL common stock on or before January 8, 2027, or within two business days after Bellevue ceases to hold at least 5,000,000 shares of GNL common stock, subject to conditions in the agreement.

Global Net Lease, Inc. declared a common stock dividend for the third quarter of 2026. The company will pay a cash dividend of $0.190 per share on July 17, 2026 to stockholders of record at the close of business on July 13, 2026.

The filing notes that dividends are generally authorized by the board and paid quarterly in arrears during the first month following each fiscal quarter. Global Net Lease is a publicly traded real estate investment trust focused on income-producing net lease properties in the United States and parts of Europe.

Global Net Lease, Inc. is reshaping its portfolio by selling office assets and redeploying capital into industrial properties. Since the first quarter of 2026, it has sold $74 million of assets, including $66 million of occupied properties at a 7.2% cash cap rate and $8 million of vacant assets, which removes negative NOI drag.

Year-to-date, the company has closed about $145 million of dispositions at a 7.5% cash cap rate on occupied assets, with office properties representing $61 million, or 93%, of occupied sales. It is also under contract to sell a 133,000-square-foot office building leased to KPN for approximately $18 million and to buy a 100,000-square-foot single-tenant industrial property for $14 million at an 8.2% cash cap rate.

Together with the pending $535 million acquisition of Modiv Industrial, Inc., expected to close in the third quarter of 2026, these moves are expected to reduce office exposure from approximately 26% to about 21% of portfolio straight-line rent, be immediately 4% accretive to AFFO per share, and extend the weighted average lease term from 5.9 years to 6.7 years on a pro-forma basis.

Modiv Industrial, Inc. proposes to merge into a GNL subsidiary pursuant to an Agreement and Plan of Merger dated May 3, 2026. Under the Merger Agreement each share of Modiv Class C common stock will convert into the right to receive 1.975 shares of GNL common stock, and each Modiv preferred share will convert into $25.00 in cash plus accrued dividends.

The special meeting of Modiv stockholders is scheduled for August 10, 2026 (record date: June 22, 2026). If completed, current GNL and Modiv stockholders are expected to own approximately 89% and 11%, respectively, of the Combined Company. The Modiv Board unanimously recommends that stockholders vote "FOR" the proposals. The Merger is subject to customary closing conditions, SEC effectiveness of the Form S-4 registration statement and other approvals.

Global Net Lease, Inc. declared regular quarterly dividends on all four series of its preferred stock. The company set a dividend of $0.453125 per share for its 7.25% Series A, $0.4296875 for its 6.875% Series B, $0.46875 for its 7.50% Series D, and $0.4609375 for its 7.375% Series E preferred shares.

All preferred dividends are payable on July 15, 2026 to holders of record as of the close of business on July 2, 2026, reinforcing ongoing cash distributions to preferred shareholders. The filing also includes standard forward-looking statement cautions and references to existing risk factors in the company’s SEC reports.

Global Net Lease, Inc. and Modiv Industrial, Inc. entered into an agreement to combine their businesses through two simultaneous mergers. At the Modiv Merger Effective Time, each share of Modiv Class C common stock (other than excluded shares) will convert into the right to receive 1.975 shares of GNL common stock. Modiv preferred shares will convert into the right to receive $25.00 in cash plus accrued dividends. Following closing (based on record-date balances), current GNL and Modiv holders are expected to own approximately 89% and 11% of the Combined Company, respectively. Modiv stockholders will vote on the Merger Proposal at a virtual special meeting on August 10, 2026, with a record date of June 22, 2026. The transactions are subject to customary closing conditions, SEC effectiveness of this Form S-4 registration statement/proxy statement/prospectus and NYSE listing approval; the Outside Date is February 3, 2027.

Global Net Lease, Inc. reported that its CFO, Secretary and Treasurer, Christopher J. Masterson, surrendered shares of common stock to cover taxes on vesting of prior equity awards. The transaction involved 5,105 Restricted Stock Awards at an effective price of $9.44 per share.

The shares were delivered to satisfy tax obligations associated with vested awards under the company’s Amended and Restated Incentive Restricted Share Plan, rather than sold in the open market. After this tax-withholding disposition, Masterson directly holds 305,747 shares of Global Net Lease common stock.