Business
Global Net Lease Reports First Quarter 2026 Results
Closed Plus Disposition Pipeline Totaling $132 Million, of Which 68% Are Office Sales, Further Advancing Strategic Reduction in Office Exposure Reduced Net Debt by $1.3 Billion Year-Over-Year; Increased Liquidity to $911 Million and Revolving Credit Facility Capacity to $1.5 BillionDecreased Annualized G&A Expense by 25% Year-Over-Year, Representing $16 Million in SavingsEntered Into Definitive Merger Agreement to Acquire Modiv Industrial in $535 Million All-Stock TransactionImmediate 4% Accreti
About this update from Global Net Lease, Inc.
[{"type":"image","alt":"Global Net Lease, Inc.","displaySize":"","headline":null,"caption":"Global Net Lease, Inc.","className":"","disableSlideshowImg":false,"size":{"original":{"width":211,"height":142,"url":"https://media.zenfs.com/en/globenewswire.com/00bd73762eb4ae3c11dfcef5aedf60af"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/IbpZKjtnNZGbbp.60Lyrig--/YXBwaWQ9aGlnaGxhbmRlcjt3PTQyMDtoPTI4Mw--/https://media.zenfs.com/en/globenewswire.com/00bd73762eb4ae3c11dfcef5aedf60af","width":211,"height":142}},"lazy":false},{"type":"list","items":[{"val":[{"type":"text","content":"Closed Plus Disposition Pipeline Totaling $132 Million, of Which 68% Are Office Sales, Further Advancing Strategic Reduction in Office Exposure ","length":148,"tagName":"p"}]},{"val":[{"type":"text","content":"Reduced Net Debt by $1.3 Billion Year-Over-Year; Increased Liquidity to $911 Million and Revolving Credit Facility Capacity to $1.5 Billion","length":144,"tagName":"p"}]},{"val":[{"type":"text","content":"Decreased Annualized G&A Expense by 25% Year-Over-Year, Representing $16 Million in Savings","length":95,"tagName":"p"}]},{"val":[{"type":"text","content":"Entered Into Definitive Merger Agreement to Acquire Modiv Industrial in $535 Million All-Stock Transaction","length":106,"tagName":"p"}]},{"val":[{"type":"text","content":"Immediate 4% Accretion Expected to AFFO in Leverage-Neutral Transaction","length":71,"tagName":"p"}]},{"val":[{"type":"text","content":"Reports Q1’26 AFFO Per Share of $0.21 and Reaffirms Full-Year Guidance, Including AFFO Per Share Guidance of $0.80 to $0.84; GNL to Update Guidance Upon Closing of Modiv Acquisition","length":181,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":745,"olType":false},{"type":"text","content":"NEW YORK, May 05, 2026 (GLOBE NEWSWIRE) -- Global Net Lease, Inc. (NYSE: GNL) (“GNL” or the “Company”), a publicly traded real estate investment trust that focuses on acquiring and managing a global portfolio of income producing net lease assets across the United States, and Western and Northern Europe, announced today its financial and operating results for the quarter ended March 31, 2026.","length":399,"tagName":"p"},{"type":"text","content":"Acquisition of Modiv Industrial, Inc. ","length":37,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"GNL has entered into a definitive...