Every material Form 8-K Global Net Lease filed with the SEC in 2026, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Global Net Lease reported third quarter 2026 revenue of $112.9 million and a net loss attributable to common stockholders of $67.1 million, with AFFO of $48.3 million, or $0.22 per share. The company raised the low end of its full-year 2026 AFFO per share guidance to $0.83 from $0.82, for a range of $0.83 to $0.85, and reaffirmed its Net Debt to Adjusted EBITDA range of 6.5x to 6.9x.
Q3 2026 revenue of $112.9 million; net loss attributable to common stockholders of $67.1 million
AFFO of $48.3 million, or $0.22 per share, for the third quarter of 2026
Full-year 2026 AFFO per share guidance now $0.83 to $0.85; gross transaction volume guidance now $750 million to $800 million
Repurchased about 6.6 million shares for $58.5 million in the third quarter; gross debt was $2.9 billion at quarter end
Global Net Lease reported third quarter 2026 revenue of $112.9 million, down from $121.0 million a year earlier, and AFFO per share of $0.22, down from $0.24. The company raised the low end of its full-year 2026 AFFO per share guidance to $0.83 to $0.85 and reaffirmed its leverage guidance, while the net loss attributable to common stockholders narrowed to $67.1 million from $71.1 million.
Revenue from tenants was $112.9 million versus $121.0 million in third quarter 2025, which the company attributed mainly to asset dispositions.
AFFO was $48.3 million, or $0.22 per share, compared with $53.2 million, or $0.24 per share, a year earlier.
Full-year 2026 AFFO per share guidance is $0.83 to $0.85, up from $0.82 to $0.85 previously; net debt to adjusted EBITDA guidance of 6.5x to 6.9x was unchanged.
The $535 million Modiv Industrial acquisition closed on August 12, 2026, and the company repurchased 6.6 million shares for $58.5 million in the quarter.
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.
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
Global Net Lease reported second-quarter 2026 revenue of $112.5 million, down from $124.9 million a year earlier, and AFFO of $45.7 million, or $0.22 per share, versus $0.24 in the prior-year quarter. The company raised its full-year 2026 AFFO per share guidance to $0.82-$0.85 from $0.80-$0.84, and the net loss narrowed to $7.5 million from $35.1 million, but the results also reflect prior asset sales and the guidance includes the pending Modiv acquisition.
Q2 2026 revenue was $112.5 million versus $124.9 million in Q2 2025, which the company attributed mainly to prior asset dispositions
Net loss attributable to common stockholders was $7.5 million, or $0.04 per share, compared with $35.1 million, or $0.16 per share, a year earlier
Full-year 2026 AFFO per share guidance was raised to $0.82-$0.85 from $0.80-$0.84, and gross transaction volume guidance rose to $700 million-$800 million from $250 million-$350 million
Modiv Industrial acquisition is expected to close in mid-August 2026, subject to a Modiv shareholder vote scheduled for August 10, 2026
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.
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.
On May 3, 2026, Global Net Lease (NYSE: GNL) signed a merger agreement to acquire Modiv Industrial (NYSE: MDV) in an all-stock transaction with an enterprise value of approximately $535 million. The deal requires approval by Modiv stockholders but no GNL stockholder vote, and it is expected to close in the third quarter of 2026. GNL says the deal would be immediately 4% accretive to AFFO per share and leverage-neutral, and existing GNL stockholders are expected to own about 89% of the combined company.
Each Modiv common share converts into 1.975 GNL common shares; Modiv Series A preferred holders receive $25.00 in cash plus accrued dividends.
GNL expects an immediate 4% accretion to AFFO per share and about $6 million of annual identified synergies.
Expected closing in the third quarter of 2026; the Outside Date is February 3, 2027.
Termination fees are $10 million payable by Modiv in certain cases and $15 million payable by the non-terminating party after a material uncured breach.
Two Global Net Lease board members, P. Sue Perrotty and Governor Edward Rendell, will retire when their current terms end at the 2026 annual meeting of stockholders. The company says the decisions are for personal reasons and not the result of disagreements over operations, policies or practices. If all eight nominees are elected, the board will have eight members going forward.
Perrotty and Rendell notified the company on April 1, 2026, of their decisions to retire at the conclusion of the 2026 Annual Meeting.
Perrotty served 11 years and Rendell 14 years; the chairperson credited them with leadership through the 2023 merger and internalization.
If all eight nominees are elected, the board will consist of eight members.
The company cited personal reasons, not disagreements with the company.
Global Net Lease reported fourth-quarter 2025 revenue of $117.0 million, down from $137.8 million a year earlier, mainly due to asset dispositions. Q4 net income attributable to common stockholders was $37.2 million, compared with a net loss of $17.5 million, reflecting the gain on the McLaren Campus sale, while Q4 AFFO per share fell to $0.22 from $0.34. The company issued initial 2026 AFFO per share guidance of $0.80 to $0.84.
Q4 2025 revenue was $117.0 million versus $137.8 million in Q4 2024; full-year 2025 AFFO of $0.99 per share exceeded revised guidance of $0.95 to $0.97.
Full-year 2025 net loss attributable to common stockholders was $269.2 million, compared with $175.3 million in 2024.
Net debt fell by $2.2 billion in 2025; Net Debt to Adjusted EBITDA improved from 7.6x to 6.7x; Fitch upgraded the corporate credit rating to BBB-.
2026 guidance: AFFO per share of $0.80 to $0.84 and Net Debt to Adjusted EBITDA of 6.5x to 6.9x, assuming $250 million to $350 million of gross transaction volume.
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Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every Global Net Lease filing is on SEC EDGAR ↗. 8-K briefs of other companies →