[SCHEDULE 13G] Global Net Lease, Inc. SEC Filing

Rhea-AI Filing Summary

State Street Corporation reported beneficial ownership of 11,472,712 shares of Global Net Lease Inc. common stock, representing 5.1% of the class. The filing shows shared voting power of 9,596,899 shares and shared dispositive power over 11,472,712, while sole voting and sole dispositive powers are reported as zero. The statement was submitted on a Schedule 13G and includes a certification that the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of the issuer.

The filing identifies several State Street-affiliated investment-adviser subsidiaries as the relevant acquiring entities, clarifying which State Street units exercise advisory or discretionary functions over the reported position.

Positive

• Beneficial ownership of 11,472,712 shares, representing a reportable 5.1% stake in GNL
• Shared dispositive power over 11,472,712 shares, demonstrating substantive advisory/control by State Street-affiliated managers
• Filing includes certification that the holdings were acquired and are held in the ordinary course and not to change or influence issuer control

Negative

• No sole voting power reported (sole voting power = 0), indicating State Street does not exercise unilateral voting control
• No sole dispositive power reported (sole dispositive power = 0), so disposition decisions are shared among affiliated managers

Insights

Financial Analyst

TL;DR: State Street holds a passive, reportable 5.1% stake (11.47M shares) in GNL with significant shared voting and dispositive authority.

Crossing the 5% threshold triggered Schedule 13G disclosure, making this a material institutional stake to note for shareholder base composition. The position is reported as held in the ordinary course and not for control, consistent with a passive investment posture. The combined shared voting power of 9,596,899 and shared dispositive power of 11,472,712 indicates State Street-affiliated entities manage trading and voting decisions collectively rather than via a single sole-holder arm. For investors, this changes the register makeup but does not, per the filing, signal an active control agenda.

Corporate Governance Expert

TL;DR: The Schedule 13G shows a meaningful institutional holding without declared intent to influence control.

The filing names specific State Street investment-adviser subsidiaries as the relevant managers, which improves transparency about who exercises adviser-level discretion. The reported zero sole voting and dispositive powers and the certification against acquisition for control purposes align with passive investor behavior under Rule 13d-1. From a governance perspective, an aggregated 5.1% stake is significant for monitoring and engagement practices, but the disclosure itself does not indicate activist intent or imminent governance changes.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

GLOBAL NET LEASE INC

(Name of Issuer)

COMMON STOCK

(Title of Class of Securities)

379378201

(CUSIP Number)

06/30/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. 379378201

1

Names of Reporting Persons

STATE STREET CORPORATION

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

MASSACHUSETTS

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 9,596,899.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 11,472,712.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

11,472,712.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

5.1 %

12

Type of Reporting Person (See Instructions)

HC

SCHEDULE 13G

Item 1.
(a)	Name of issuer: GLOBAL NET LEASE INC
(b)	Address of issuer's principal executive offices: 650 FIFTH AVENUE 30TH FLOOR , NEW YORK, NEW YORK, 10019
Item 2.
(a)	Name of person filing: STATE STREET CORPORATION;
(b)	Address or principal business office or, if none, residence: ONE CONGRESS STREET, SUITE 1, BOSTON MA 02114, UNITED STATES
(c)	Citizenship: MA
(d)	Title of class of securities: COMMON STOCK
(e)	CUSIP No.: 379378201
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 11472712.00
(b)	Percent of class: 5.1 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 0
	(ii) Shared power to vote or to direct the vote: 9,596,899
	(iii) Sole power to dispose or to direct the disposition of: 0
	(iv) Shared power to dispose or to direct the disposition of: 11,472,712
Item 5.	Ownership of 5 Percent or Less of a Class.
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required. NOT APPLICABLE
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	If a parent holding company has filed this schedule, pursuant to Rule 13d-1(b)(ii)(G), so indicate under Item 3(g) and attach an exhibit stating the identity and the Item 3 classification of the relevant subsidiary. If a parent holding company has filed this schedule pursuant to Rule 13d-1(c) or Rule 13d-1(d), attach an exhibit stating the identification of the relevant subsidiary. SSGA FUNDS MANAGEMENT, INC. (IA);STATE STREET GLOBAL ADVISORS (JAPAN) CO., LTD. (IA);STATE STREET GLOBAL ADVISORS EUROPE LIMITED (IA);STATE STREET GLOBAL ADVISORS LIMITED (IA);STATE STREET GLOBAL ADVISORS TRUST COMPANY (IA);STATE STREET GLOBAL ADVISORS, AUSTRALIA, LIMITED (IA);STATE STREET GLOBAL ADVISORS, LTD. (IA);
Item 8.	Identification and Classification of Members of the Group.
	If a group has filed this schedule pursuant to §240.13d-1(b)(1)(ii)(K), so indicate under Item 3(k) and attach an exhibit stating the identity and Item 3 classification of each member of the group. If a group has filed this schedule pursuant to §240.13d-1(c) or §240.13d-1(d), attach an exhibit stating the identity of each member of the group. NOT APPLICABLE
Item 9.	Notice of Dissolution of Group.
	Notice of dissolution of a group may be furnished as an exhibit stating the date of the dissolution and that all further filings with respect to transactions in the security reported on will be filed, if required, by members of the group, in their individual capacity. See Item 5. NOT APPLICABLE

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

STATE STREET CORPORATION

Signature:	ELIZABETH SCHAEFER
Name/Title:	SENIOR VICE PRESIDENT, CHIEF ACCOUNTING OFFICER
Date:	08/08/2025

FAQ

Who filed the Schedule 13G for Global Net Lease (GNL)?

State Street Corporation filed the Schedule 13G on behalf of its affiliated investment-adviser entities.

How many GNL shares does State Street report owning and what percent is that?

11,472,712 shares, representing 5.1% of the outstanding class, are reported as beneficially owned.

What voting and dispositive powers are reported by State Street for GNL?

The filing shows shared voting power of 9,596,899, shared dispositive power of 11,472,712, and zero sole voting/dispositive power.

Does the Schedule 13G indicate State Street intends to influence control of GNL?

No. The filing includes a certification that the securities were acquired and are held in the ordinary course and not for the purpose of changing or influencing control.

Which State Street subsidiaries are identified as the relevant acquiring entities?

The filing identifies SSGA Funds Management, Inc.; State Street Global Advisors (Japan) Co., Ltd.; State Street Global Advisors Europe Limited; State Street Global Advisors Limited; State Street Global Advisors Trust Company; State Street Global Advisors, Australia, Limited; and State Street Global Advisors, Ltd.