secwatch.observer — SEC 8-K summary
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Issuer:     Global Net Lease, Inc. (GNL)
CIK:        0001526113
Form:       8-K
Filed at:   2026-08-13T10:15:38+00:00
Accession:  0001104659-26-095323
Event type: m_and_a
Sentiment:  positive
Materiality: 0.85
Item codes: 2.01, 3.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

GNL completes Modiv acquisition; adds $535M industrial portfolio, 4% AFFO accretive
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- Closed Aug 12, 2026; Modiv stockholders approved Aug 10; each Modiv share exchanged for 1.975 GNL shares.
- GNL to issue ~20.39M shares and pay ~$42.3M cash for Modiv preferred; funded via revolving credit facility.
- Portfolio valued at $535M at 7.6% cash / 8.7% GAAP cap rates; industrial exposure rises to ~50% of straight-line rent.
- Expected immediately 4% accretive to AFFO per share, leverage neutral; WALT extends from 5.7 to 6.6 years.
- Modiv common and preferred delisted from NYSE; former Modiv holders now own GNL common (NYSE: GNL).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1526113/000110465926095323/0001104659-26-095323-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1526113/000110465926095323/tm2622741d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-26-095323

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