Global Net Lease — Third Quarter 2026 Earnings Summary

Global Net Lease, Inc. reported third-quarter 2026 results featuring $112.9 million in revenue and Adjusted Funds from Operations (AFFO) of $0.22 per share. The company closed a $535 million acquisition of Modiv Industrial, which increased its industrial exposure to 51% of portfolio straight-line rent, while simultaneously reducing office exposure to 23% through asset dispositions. Despite a temporary elevation in net debt to adjusted EBITDA to 7.7x due to the timing of the acquisition, the company reaffirmed its full-year net debt guidance of 6.5x to 6.9x and raised its full-year AFFO per share guidance to $0.83–$0.85. Additionally, the company repurchased 6.6 million shares for $58.5 million and maintained strong liquidity of $863.3 million with no debt maturing until the fourth quarter of 2027.