Global Net Lease posts Q1 net loss of $200.3 million; reaffirms 2025 guidance
Global Net Lease reported a first-quarter 2025 net loss attributable to common stockholders of $200.3 million, compared with $34.7 million a year earlier, as revenue fell to $132.4 million from $147.9 million, mainly due to asset dispositions. The company said the loss was primarily caused by the timing and purchase price allocation of the partial completion of its multi-tenant portfolio sale, which produced $1.1 billion of gross proceeds. Shareholders get a reaffirmed 2025 AFFO per share guidance range of $0.90 to $0.96, and the company had repurchased $59.4 million of stock as of May 2, 2025.
Key points
- Revenue from tenants was $132.4 million, down from $147.9 million in the first quarter of 2024, primarily from asset dispositions.
- Net loss attributable to common stockholders was $200.3 million, or $0.87 per diluted share, versus $34.7 million, or $0.15 per share, a year earlier.
- Core FFO was $35.0 million, or $0.15 per diluted share, versus $56.6 million, or $0.25; AFFO was $66.2 million, or $0.29 per share, versus $0.33.
- The company reaffirmed 2025 AFFO per share guidance of $0.90 to $0.96 and Net Debt to Adjusted EBITDA of 6.5x to 7.1x.
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 6:57 AM ET, from the text of the filing and its press-release exhibits 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 May 07, 2025.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.