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AI brief of an SEC Form 8-K · Global Net Lease (GNL)

GNL completes $535 million acquisition of Modiv Industrial, adding industrial properties

Positive Impact 4 of 5 m&a Written later

Global Net Lease completed its acquisition of Modiv Industrial on August 12, 2026, adding a portfolio the company values at $535 million. Modiv common stock holders received 1.975 GNL shares per share, and preferred holders received $25.00 in cash per share plus accrued dividends. The company says the deal is expected to be immediately 4% accretive to AFFO per share and leverage neutral, and it raises industrial exposure to approximately 50% of straight-line rent.

Key points

  • Completed August 12, 2026; Modiv common stock converted into 1.975 GNL common shares per share
  • GNL will issue approximately 20,387,757 common shares and pay approximately $42.3 million to Modiv preferred holders
  • Expected to be immediately 4% accretive to AFFO per share; weighted average remaining lease term extends from 5.7 to 6.6 years pro forma
  • Modiv common and preferred stock delisted from the NYSE; GNL continues to trade under GNL

The filing

CompanyGlobal Net Lease (GNL)
Form8-K, current report
Filed with the SECAug 13, 2026, 6:15 AM ET
Accession number0001104659-26-095323

Items reported: 2.01 Acquisition or Disposition Completed3.02 Unregistered Equity Sale7.01 Regulation FD Disclosure

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 6:57 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on August 13, 2026.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.