Earnings summaries and quarterly performance for Global Net Lease.
Executive leadership at Global Net Lease.
Board of directors at Global Net Lease.
Dr. M. Therese Antone
Director
Edward G. Rendell
Director
Leon C. Richardson
Director
Leslie D. Michelson
Director
Lisa D. Kabnick
Director
Michael J.U. Monahan
Director
P. Sue Perrotty
Director
Robert I. Kauffman
Non-Executive Chair
Stanley R. Perla
Director
Research analysts who have asked questions during Global Net Lease earnings calls.
Upal Rana
KeyBanc Capital Markets
7 questions for GNL
John Kim
BMO Capital Markets
6 questions for GNL
Michael Gorman
BTG Pactual
6 questions for GNL
Mitch Germain
Citizens JMP
3 questions for GNL
Barry Oxford
Colliers
1 question for GNL
Bryan Maher
B. Riley Securities
1 question for GNL
Eric Gordon
BMO Capital Markets
1 question for GNL
Recent press releases and 8-K filings for GNL.
- 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.
- 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.
- 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.
- 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.
- 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.
- 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.
- 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.
- 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.
- 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.
Quarterly earnings call transcripts for Global Net Lease.
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