Global Net Lease, Inc. (GNL) Declares $0.190 Q4 Dividend

Global Net Lease (GNL) has reduced net debt by $629.8M, lowered leverage, and expanded liquidity. It acquired Modiv Industrial for $535M, boosting industrial exposure to 50% and extending lease duration. Q2 2026 revenue fell to $112.5M, but AFFO guidance was raised to $0.82-$0.85. The stock faces execution risks but shows balance sheet progress.

Global Net Lease (GNL) completed a $535M acquisition of Modiv Industrial, exchanging 1.975 shares and $25 cash per preferred share. The deal adds industrial properties, increasing their share of total rent to 50%.

Global Net Lease (GNL) rose about 1.6% in pre-open trading after BMO Capital resumed coverage with an Outperform rating and a $10.00 price target. BMO cited GNL’s $535 million Modiv Industrial acquisition, which closed Aug. 12, plus raised 2026 AFFO guidance and said the deal is ~4% accretive and leverage-neutral.

Global Net Lease, Inc. (NYSE: GNL) said it completed its Aug. 12, 2026 acquisition of Modiv Industrial, adding a primarily industrial net-lease portfolio. The deal adds a $535 million portfolio at about a 7.6% cash cap rate and 8.7% GAAP cap rate, expected to be immediately 4% accretive to AFFO per share on a leverage-neutral basis.

Global Net Lease, Inc. (GNL) filed an SEC Form 8-K — Completion of Acquisition or Disposition of Assets. Exhibit 99.1 Global Net Lease Completes Acquisition of Modiv Industrial § Adds a $535 Million Primarily Industrial Portfolio at Attractive Pricing of Approximately 7.6% Cash Cap Rate and 8.7% GAAP Cap Rate § Expected to be Immediately 4% Accretive to AFFO Per Share in Leverage-Ne

Global Net Lease (GNL) reported Q2 2026 revenue of $112.5M and a net loss of $7.5M, versus a $35.1M net loss a year earlier, according to the earnings call transcript. AFFO was $0.22/share. Full-year 2026 AFFO guidance raised to $0.82-$0.85 and leverage improved to 6.6x. Modiv acquisition expected mid-August, 4% accretive.