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Global Net Lease (GNL)

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Earnings summaries and quarterly performance for Global Net Lease.

Recent press releases and 8-K filings for GNL.

Global Net Lease Highlights 2025 Strategic Accomplishments
GNL
Debt Issuance
Share Buyback
M&A
  • Global Net Lease (GNL) completed its strategic disposition program, selling approximately $3.3 billion in assets since 2024, which repositioned the company as a pure-play single-tenant net lease REIT.
  • The company reduced its total debt by over $2.7 billion and refinanced its $1.8 billion Revolving Credit Facility in August 2025, lowering its cost of borrowing by approximately 70 basis points since Q3 2024.
  • GNL repurchased 15.4 million shares for $120 million at a weighted average price of $7.77 per share through December 31, 2025, as part of its accretive Share Repurchase Program.
  • Credit ratings were upgraded, with Fitch Ratings raising GNL's corporate credit rating to BBB- from BB+ and S&P Global upgrading its issuer-level rating on unsecured notes to BBB- from BB+.
Jan 8, 2026, 11:15 AM
Global Net Lease Highlights Strategic Accomplishments in 2025
GNL
Share Buyback
Debt Issuance
New Projects/Investments
  • Global Net Lease (GNL) successfully completed its strategic disposition program in 2025, selling approximately $3.3 billion in assets since 2024, which repositioned the company as a pure-play single-tenant net lease REIT.
  • The company significantly strengthened its balance sheet by reducing total debt by over $2.7 billion and repurchased 15.4 million shares for $120 million through December 31, 2025.
  • GNL achieved investment-grade credit ratings in 2025, with Fitch Ratings upgrading its corporate credit rating to BBB- from BB+ and S&P Global raising its corporate rating to BB+ from BB.
  • In August 2025, GNL refinanced its $1.8 billion Revolving Credit Facility, which lowered its cost of borrowing by approximately 70 basis points since the third quarter of 2024.
Jan 8, 2026, 11:00 AM
Global Net Lease, Inc. Announces Common Stock Dividend
GNL
Dividends
  • Global Net Lease, Inc. (GNL) announced on January 2, 2026, the declaration of a common stock dividend.
  • The dividend is $0.190 per share of common stock.
  • The dividend is payable on January 16, 2026, to common stockholders of record at the close of business on January 12, 2026.
Jan 2, 2026, 11:15 AM
Global Net Lease Closes McLaren Campus Sale for £250 Million
GNL
M&A
Share Buyback
New Projects/Investments
  • Global Net Lease (GNL) successfully closed the sale of the McLaren Campus for £250 million on December 23, 2025.
  • The sale generated an approximate £80 million gain compared to the original purchase price, reflecting a 7.4% cash cap rate.
  • This transaction concludes GNL's disposition program, which has generated approximately $3.3 billion in non-core asset sales over 23 months.
  • GNL plans to use a significant portion of the net sale proceeds to reduce outstanding debt, strengthen its balance sheet, and gain flexibility for potential share repurchases or acquisitions.
Dec 23, 2025, 11:16 AM
Global Net Lease Sells McLaren Campus for £250 Million
GNL
M&A
New Projects/Investments
  • Global Net Lease (GNL) successfully closed the sale of the McLaren Campus in Woking, Surrey, England, for £250 million at a 7.4% cash cap rate.
  • The sale generated an approximate £80 million gain compared to GNL's original purchase price and concludes the company's disposition program, which generated approximately $3.3 billion in non-core asset sales over 23 months.
  • GNL plans to use a significant portion of the net sale proceeds to reduce outstanding debt, strengthen its balance sheet, and increase flexibility for potential share repurchases or acquisitions.
Dec 23, 2025, 11:00 AM
Global Net Lease Agrees to Sell McLaren Campus for £250 Million
GNL
M&A
Share Buyback
New Projects/Investments
  • Global Net Lease, Inc. (GNL) has entered into an agreement to sell its McLaren Campus, a three-building, 840,000-square-foot property in Woking, England, for £250 million.
  • The McLaren Campus was acquired in April 2021 for £170 million, and GNL subsequently negotiated a 14.5% increase in rents.
  • The sale is at a 7.4% cash cap rate, representing a 210 basis-point compression in the cash cap rate since acquisition.
  • GNL plans to deploy a significant amount of the net sale proceeds to reduce outstanding debt, strengthen its balance sheet, and potentially pursue opportunistic share repurchases or acquisitions.
  • A £23.9 million deposit from the buyer became non-refundable as of December 7, 2025, and the transaction is expected to close on or about December 22, 2025.
Dec 8, 2025, 11:15 AM
Global Net Lease Establishes New ATM Equity Program and Terminates Prior Agreements
GNL
  • Global Net Lease, Inc. (GNL) entered into a new ATM Equity Offering Sales Agreement on November 7, 2025, enabling the issuance and sale of common stock with an aggregate gross sales price of up to $300.0 million.
  • The agreement involves several agents and forward purchasers, including BofA Securities, Inc., BMO Capital Markets Corp., Citizens JMP Securities, LLC, KeyBanc Capital Markets Inc., M&T Securities, Inc., Truist Securities, Inc., Huntington Securities, Inc., BTIG, LLC, Colliers Securities LLC, and Nomura Securities International, Inc..
  • Commissions for sales through agents or as forward sellers will not exceed 2.0% of the gross sales price or initial forward sale price, respectively, though sales to agents as principal may incur higher commissions.
  • Concurrently, GNL terminated its February 2019 Equity Distribution Agreement (for up to $285.0 million in common stock) and its December 2019 Equity Distribution Agreement (for up to $170.0 million in Series B Preferred Stock) on November 4, 2025, without incurring any termination penalties.
Nov 7, 2025, 11:31 AM
GNL Reports Q3 2025 Results, Achieves Investment-Grade Rating, and Updates Guidance
GNL
Earnings
Guidance Update
Share Buyback
  • Global Net Lease, Inc. reported Q3 2025 revenue of $121.0 million and AFFO of $0.24 per share.
  • The company achieved an investment-grade corporate credit rating of BBB- from Fitch Ratings.
  • GNL significantly reduced its gross outstanding debt by $2.0 billion to $3.0 billion since Q3 2024, and increased liquidity to $1.1 billion.
  • Through October 31, 2025, GNL repurchased 12.1 million shares for $91.7 million at a weighted average price of $7.59.
  • The company raised its 2025 AFFO per share guidance to $0.95 to $0.97 and reaffirmed its Net Debt to Adjusted EBITDA guidance of 6.5x to 7.1x.
Nov 6, 2025, 9:18 PM
GNL Reports Q3 2025 Results, Raises Full-Year Guidance, and Achieves Credit Rating Upgrade
GNL
Earnings
Guidance Update
Debt Issuance
  • GNL reported Q3 2025 Adjusted Funds from Operations (AFFO) per share of $0.24 and increased its full-year 2025 AFFO per share guidance to $0.95 – $0.97.
  • Fitch upgraded GNL's corporate credit rating to investment-grade BBB- from BB+, driven by a $2.0 billion reduction in Net Debt since Q3'24.
  • The company completed approximately $3 billion in dispositions, including a $1.8 billion multi-tenant retail portfolio sale, and refinanced its Revolving Credit Facility, reducing the interest rate spread by 35 basis points.
  • GNL achieved a 26.4% renewal leasing spread in Q3 2025.
Nov 6, 2025, 4:00 PM
Global Net Lease Reports Q3 2025 Results, Raises Full-Year AFFO Guidance, and Highlights Strategic Achievements
GNL
Earnings
Guidance Update
Share Buyback
  • Global Net Lease (GNL) reported Q3 2025 revenue of $121 million, a net loss attributable to common stockholders of $71.1 million, and AFFO per share of $0.24.
  • The company raised its AFFO per share guidance for 2025 to $0.95-$0.97 and reaffirmed its net debt to adjusted EBITDA range of 6.5x-7.1x for the year.
  • GNL achieved an investment-grade corporate credit rating of BBB- from Fitch Ratings and significantly reduced its gross outstanding debt by $2 billion to $3 billion since Q3 2024. The company also repurchased 12.1 million shares for $91.7 million through October 31, 2025.
  • The portfolio maintained 97% occupancy with 60% investment-grade tenants and achieved 26% higher renewal spreads on leases covering over 1 million sq ft during Q3 2025.
Nov 6, 2025, 4:00 PM