Flash FinanceUS
After hours S&P 5007,549.94+2.35% Nasdaq25,253.14+2.74% Dow 3052,389.75+2.15% Russell 20002,840.81+3.15% Nasdaq-10027,907.62+3.40% MidCap 4003,715.23+3.13% SmallCap 6001,722.37+2.89% VIX19.92-22.31% 10Y Yield4.86+0.10% Close of Nov 09, 2026
AI brief of an SEC Form 8-K · Global Net Lease (GNL)

Global Net Lease Q1 revenue falls to $109.3 million; agrees to acquire Modiv

Mixed Impact 5 of 5 m&a Written later

Global Net Lease reported first-quarter 2026 revenue of $109.3 million, down from $132.4 million a year earlier, and a narrower net loss attributable to common stockholders of $16.0 million versus $200.3 million. The REIT also agreed to acquire Modiv Industrial in an all-stock deal at an enterprise value of about $535 million, expected to close in the third quarter of 2026, and reaffirmed its 2026 AFFO per share guidance of $0.80 to $0.84 while excluding the Modiv benefit.

Key points

  • Revenue from tenants was $109.3 million, compared with $132.4 million in first quarter 2025.
  • Net loss attributable to common stockholders was $16.0 million, compared with $200.3 million a year earlier.
  • AFFO was $43.9 million, or $0.21 per share, compared with $66.2 million, or $0.29 per share, in first quarter 2025.
  • Modiv deal: all-stock, fixed exchange ratio of 1.975, expected to be immediately 4% accretive to AFFO per share, with closing expected in third quarter 2026.

The filing

CompanyGlobal Net Lease (GNL)
Form8-K, current report
Filed with the SECMay 5, 2026, 4:19 PM ET
Accession number0001628280-26-030591

Items reported: 2.02 Results of Operations7.01 Regulation FD Disclosure

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 6:58 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 May 05, 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.