Global Net Lease closes $74M dispositions, cuts office exposure, Modiv deal on track for Q3

Global Net Lease, Inc.

Sold $74M of assets since Q1 2026, including $66M occupied at 7.2% cash cap rate; office assets $61M (93% of occupied sales).
Expected office exposure to drop to ~21% of straight-line rent, down from ~26% as of Q1 2026.
Pending $535M Modiv Industrial acquisition expected to close Q3 2026, immediately 4% accretive to AFFO per share.
Under contract to acquire a 100,000-sf industrial property for $14M at 8.2% cash cap rate; tenant is Fortune 50 investment-grade.

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