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Global Net Lease (GNL)

Earnings summaries and quarterly performance for Global Net Lease.

Recent press releases and 8-K filings for GNL.

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.
1 day ago
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
Global Net Lease, Inc. Reports Strong Q3 2025 Results and Investment-Grade Credit Rating
GNL
Earnings
Guidance Update
Debt Issuance
  • Global Net Lease, Inc. (GNL) reported a Q3 2025 AFFO per Share of $0.24 and increased its full-year 2025 AFFO per share guidance to a range of $0.95 – $0.97.
  • Fitch upgraded GNL’s corporate credit rating to investment-grade BBB- from BB+, reflecting an enhanced credit profile and strengthened balance sheet.
  • The company reduced its Net Debt by $2.0 billion since Q3 2024, resulting in a Net Debt to Adjusted EBITDA ratio of 7.2x in Q3 2025.
  • GNL successfully completed approximately $3 billion in sales through its disposition initiative, including a $1.8 billion multi-tenant retail portfolio sale, and refinanced its Revolving Credit Facility for $1.8 billion, boosting liquidity to over $1.0 billion.
Nov 5, 2025, 9:26 PM
Global Net Lease Reports Third Quarter 2025 Results and Credit Rating Upgrade
GNL
Earnings
Guidance Update
Share Buyback
  • Global Net Lease's corporate credit rating was upgraded to an investment-grade BBB- from BB+ by Fitch Ratings.
  • The company reduced Net Debt by $2.0 billion since Q3 2024 and completed a $1.8 billion refinancing of its Revolving Credit Facility, decreasing the weighted average interest rate to 4.2%.
  • Full-year 2025 Adjusted Funds from Operations (AFFO) per share guidance was raised to a new range of $0.95 to $0.97.
  • GNL repurchased 12.1 million shares of common stock year-to-date at a weighted average price of $7.59, totaling $91.7 million as of October 31, 2025.
  • For the third quarter ended September 30, 2025, revenue was $121.0 million, and Adjusted Funds from Operations (AFFO) was $0.24 per share.
Nov 5, 2025, 9:19 PM
Global Net Lease upgraded to investment grade by Fitch Ratings
GNL
  • Global Net Lease, Inc. (GNL) announced on October 17, 2025, that Fitch Ratings upgraded its corporate credit rating to investment-grade BBB- from BB+.
  • This upgrade reflects GNL's strategic achievements over the past two years, including approximately $3 billion of asset dispositions in fiscal years 2024 and 2025, which reduced outstanding debt and strengthened the balance sheet.
  • A significant part of these dispositions was the $1.8 billion sale of GNL's multi-tenant retail portfolio in June 2025, positioning the company as a pure-play single tenant net lease real estate investment trust.
  • GNL also successfully refinanced its Revolving Credit Facility in August 2025, enhancing liquidity, extending debt maturity, and lowering its cost of capital.
Oct 17, 2025, 10:15 AM
GNL's Corporate Credit Rating Upgraded to Investment Grade by Fitch Ratings
GNL
Debt Issuance
  • Fitch Ratings has upgraded Global Net Lease's (GNL) corporate credit rating to BBB- (investment-grade) from BB+.
  • This upgrade reflects GNL's strategic achievements over the past two years, including $3 billion in asset dispositions during fiscal years 2024 and 2025.
  • A significant disposition was the $1.8 billion sale of GNL's multi-tenant retail portfolio in June 2025, positioning the company as a pure-play single tenant net lease REIT.
  • GNL also refinanced its Revolving Credit Facility in August 2025, which enhanced liquidity, extended debt maturity, and lowered its cost of capital.
Oct 17, 2025, 10:00 AM