---
schema_version: "secwatch.filing_event.v1"
accession: "0001526113-23-000004"
form_type: "8-K"
ticker: "GNL"
cik: "0001526113"
company_name: "Global Net Lease, Inc."
filed_at: "2023-02-23T23:59:59+00:00"
generated_at: "2026-06-19T02:31:19.987768+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# GNL reports Q4 net loss $17.7M, AFFO $0.41; full year AFFO $1.67, revenue down 3% YoY

## Summary
- Q4 net loss $17.7M ($0.17/diluted share) vs $7.8M loss in Q4 2021; full year net loss $8.4M ($0.09/share).
- Q4 AFFO $42.2M ($0.41/share) vs $46.0M ($0.44) prior year; full year AFFO $172.9M ($1.67) vs $173.5M ($1.77).
- Full year revenue $378.9M, down 3% from $391.2M in 2021; Q4 revenue $93.9M vs $106.5M.
- Portfolio 98% leased, 8.0 years WALT; 60.5% annualized rent from investment grade tenants.
- Post-quarter acquired 8 UK properties for $75.5M at 10.6% cap rate; year acquired 3 properties for $33.3M at 6.8% cap.

## SEC filing metadata
- accession: 0001526113-23-000004
- form_type: 8-K
- ticker: GNL
- cik: 0001526113
- company_name: Global Net Lease, Inc.
- filed_at: 2023-02-23T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1526113/000152611323000004/0001526113-23-000004-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1526113/000152611323000004/gnl-20230223.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001526113-23-000004
- JSON: https://secwatch.observer/filing/0001526113-23-000004.json
- Plain text: https://secwatch.observer/filing/0001526113-23-000004.txt

## Key facts
- Earnings Releases
  Global Net Lease, Inc. reported year ended December 31, 2022 results: revenue $378.9 million, net income Net loss was $8.4 million, or $0.09 per diluted share, EPS $(0.09) per diluted share.
  - Period: year ended December 31, 2022
  - Revenue: $378.9 million
  - Net income: Net loss was $8.4 million, or $0.09 per diluted share
  - EPS: $(0.09) per diluted share
  - Result: reported results
  source text: commercial real estate properties, announced today its financial and operating results for the quarter and year ended December 31, 2022. Full Year 2022 • Revenue was $378.9 million and, on a Constant Currency 1 basis, would have been $394.2 million, a 1% increase from $391.2 million in prior year. Prior year revenue included a lease termination fee of $8.8
  evidence_url: https://www.sec.gov/Archives/edgar/data/1526113/000152611323000004/0001526113-23-000004-index.htm
- Earnings Releases
  Global Net Lease, Inc. reported fourth quarter 2022 results: revenue $93.9 million, net income Net loss was $17.7 million, or $0.17 per diluted share, EPS $(0.17) per diluted share.
  - Period: fourth quarter 2022
  - Revenue: $93.9 million
  - Net income: Net loss was $17.7 million, or $0.17 per diluted share
  - EPS: $(0.17) per diluted share
  - Result: reported results
  source text: term 7 • Subsequent to quarter end, acquired eight properties in the United Kingdom for $75.5 million at a weighted-average cap rate of 10.6%. Fourth Quarter 2022 • Revenue was $93.9 million. On a Constant Currency basis, revenue would have been $98.8 million, compared to $106.5 million in fourth quarter 2021. The prior year results included a lease termination fee
  evidence_url: https://www.sec.gov/Archives/edgar/data/1526113/000152611323000004/0001526113-23-000004-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.