Global Net Lease, Inc. 8K

Global Net Lease, Inc. reported Q2 2026 results, raised full‑year AFFO guidance, and outlined balance sheet improvements and portfolio repositioning alongside the expected, accretive mid‑August 2026 acquisition of Modiv Industrial, Inc., pending shareholder approval.

On August 5, 2026, Global Net Lease, Inc. reported its financial and operating results for the quarter ended June 30, 2026, highlighting revenue of $112.5 million, a reduced net loss attributable to common stockholders of $7.5 million, and AFFO of $45.7 million ($0.22 per share), while raising full‑year 2026 AFFO per share guidance to $0.82–$0.85 and increasing expected gross transaction volume to $700–$800 million. The company detailed progress on its portfolio repositioning, including a $263 million year‑to‑date dispositions pipeline heavily weighted to office sales (78%), improved leverage metrics with net debt to Adjusted EBITDA of 6.6x, increased liquidity to $919 million and revolver capacity to $1.3 billion, and share repurchases totaling 20.9 million shares since February 2025. GNL also discussed the anticipated mid‑August 2026 closing of its acquisition of Modiv Industrial, Inc., subject to Modiv shareholder approval on August 10, 2026, stating that the deal is expected to be immediately 4% accretive to AFFO per share, leverage‑neutral within its 6.5x–6.9x target range, and to significantly expand its industrial exposure and tenant quality metrics.

Filing Facts

CIK

1526113

Ticker

-

Form

8K

Source Type

sec

Accession

0001628280-26-053386

Alert Tier

7