Global Net Lease, Inc. filings document the disclosure record of a Maryland real estate investment trust with NYSE-listed common stock and multiple listed preferred stock series. Its SEC reports include 8-K material-event filings, Regulation FD disclosures, earnings-call materials, investor presentations, dividend announcements, material agreements and capital-structure disclosures.
GNL proxy and governance filings describe annual meeting matters, director elections, board composition, executive compensation and stockholder voting items. The filings also provide formal disclosure about the company’s internally managed REIT structure, net lease property portfolio, reportable real estate segments, risk factors, liquidity, leverage and securities registered under the Exchange Act.
MICHELSON LESLIE D reported acquisition or exercise transactions in this Form 4 filing.
Global Net Lease director Leslie D. Michelson received a stock-based award. On May 21, 2026, he was granted 13,859 restricted stock units under the company’s 2025 Omnibus Incentive Compensation Plan at a reference price of $9.38 per share, bringing his direct holdings to 127,690 shares. These RSUs vest on May 20, 2027, with each unit delivering one share of common stock upon vesting.
Global Net Lease, Inc. director Robert I. Kauffman reported an acquisition of 13,859 shares of common stock in the form of restricted stock units granted at $9.38 per share. These RSUs vest on May 20, 2027, bringing his direct holdings to 66,248 shares.
Global Net Lease, Inc. director Lisa Kabnick received a grant of restricted stock units under the company’s 2025 Omnibus Incentive Compensation Plan. The award covers 13,859 shares of common stock at a reference value of $9.38 per share and will vest on May 20, 2027, with each unit converting into one share upon vesting. Following this equity award, Kabnick’s direct holdings total 281,883 shares of Global Net Lease common stock, reflecting a routine, compensation-related increase in her ownership.
Global Net Lease, Inc. director Antone M. Therese received a grant of 13,859 shares of common stock in the form of restricted stock units under the company’s 2025 Omnibus Incentive Compensation Plan. These RSUs vest on May 20, 2027, with each unit converting into one share upon vesting.
Following this award, Therese directly holds 67,770 shares of Global Net Lease common stock. This is a compensation-related equity grant, not an open-market purchase or sale.
Global Net Lease, Inc. reported the results of its 2026 annual shareholder meeting, where stockholders elected eight directors to serve until the 2027 annual meeting. Support levels for nominees ranged from about 135.2 million to 151.5 million votes in favor, with broker non-votes recorded on each item.
Stockholders also ratified the appointment of PricewaterhouseCoopers LLP as independent registered public accounting firm for the year ending December 31, 2026, with 179,564,468 votes for and 1,151,933 against. In addition, they approved a non-binding advisory resolution on executive compensation, with 145,876,071 votes for and 6,366,683 against.
Following the previously disclosed retirements of P. Sue Perrotty and Governor Edward Rendell from the Board, the company reassigned committee roles. Lisa D. Kabnick joined the Audit and Finance Committees, and Dr. M. Therese Antone joined the Nominating and Corporate Governance Committee. The Board determined Ms. Kabnick is independent for Audit Committee service under Rule 10A-3 and New York Stock Exchange standards.
Global Net Lease used its first-quarter 2026 call to highlight a planned all-stock acquisition of Modiv Industrial, expected to be immediately accretive by about 4% to AFFO per share and leverage neutral. Modiv would add roughly $535 million of industrial net lease assets, extend the combined weighted average lease term from 5.9 to 6.7 years, raise industrial exposure to 50% and trim office to 24%.
For Q1 2026, GNL reported revenue of $109.3 million, AFFO of $43.9 million or $0.21 per share, and a net loss attributable to common stockholders of $16.0 million. The portfolio was 97% occupied across 809 properties and 40 million square feet, with 64% of tenants investment-grade or implied investment-grade.
Management emphasized capital recycling and balance sheet discipline. Net debt was $2.4 billion with a gross debt balance of $2.6 billion, 99% fixed or swapped, at a 4.1% weighted average interest rate and 3.0x interest coverage. Net Debt to Adjusted EBITDA was 7.2x, with guidance for 2026 reaffirmed at 6.5x–6.9x and AFFO per share guidance reaffirmed at $0.80–$0.84. Since launching its repurchase program, GNL has bought back 19.7 million shares for $158.2 million, including 4.2 million shares in Q1 2026 for $38.4 million.
Global Net Lease, Inc. reported a sharply smaller loss for the quarter ended March 31, 2026. Revenue from tenants decreased to $109.3 million from $132.4 million, but total expenses fell significantly as impairment charges and depreciation declined.
Net loss improved to $5.1 million from $189.4 million, helped by income of $3.3 million from discontinued operations tied to the prior $1.780 billion Multi-Tenant Retail Disposition and a $7.9 million gain on real estate sales. Operating cash flow was $39.7 million, and the company ended the period with $137.5 million in cash, cash equivalents and restricted cash and $290.0 million drawn on its multi-currency revolving credit facility.
Global Net Lease, Inc. reported first‑quarter 2026 results and announced a major industrial acquisition. Revenue from tenants was $109.3 million versus $132.4 million a year earlier, mainly due to prior asset sales. Net loss attributable to common stockholders narrowed to $16.0 million from $200.3 million.
AFFO was $43.9 million, or $0.21 per share, compared with $66.2 million, or $0.29 per share, in first quarter 2025. The company entered a definitive agreement to acquire Modiv Industrial in an all‑stock deal with an enterprise value of about $535 million, expected to be immediately 4% accretive to AFFO per share and leverage‑neutral. GNL highlighted balance sheet progress, including $1.3 billion net debt reduction since first quarter 2025, liquidity of $911.1 million, and a portfolio 97% leased. Full‑year 2026 AFFO per share guidance of $0.80–$0.84 and Net Debt to Adjusted EBITDA guidance of 6.5x–6.9x were reaffirmed.
Global Net Lease, Inc. furnished an investor presentation under Regulation FD. On May 5, 2026, the company prepared a slide deck that its officers and representatives intend to use at conferences and meetings, and made it available as Exhibit 99.1.
The filing emphasizes that the presentation and related remarks may include forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including references to potential future acquisitions such as the Modiv transaction. It notes that these statements are subject to numerous risks and uncertainties described in the company’s Annual and Quarterly Reports and other SEC filings, and clarifies that the materials are deemed furnished, not filed, and are not incorporated by reference into other Securities Act or Exchange Act filings.
Global Net Lease, Inc. (GNL) entered into a definitive Agreement and Plan of Merger with Modiv Industrial, Inc. to combine the companies through two related mergers, subject to customary closing conditions and stockholder approval. At the Modiv Merger Effective Time, each Modiv common share (excluding certain excluded shares) will convert into 1.975 shares of GNL common stock, and each Modiv preferred share will convert into $25.00 in cash plus any accrued and unpaid dividends. At the OpCo Merger Effective Time, Modiv operating partnership units will convert into OP Units at the same 1.975 ratio; GNL expects to issue 4,914,532 OpCo Merger Consideration OP Units. The mergers require a Modiv stockholder vote, effectiveness of a Form S-4 registration statement, NYSE listing approval for the merger consideration, delivery of tax opinions, and absence of material adverse effects. The agreement includes customary termination rights, an Outside Date of February 3, 2027, and potential termination fees of $10,000,000 or $15,000,000 in specified circumstances. Transition services with two executives and an amendment to GNL’s OpCo partnership agreement are contemplated.