secwatch.observer — SEC 8-K summary
======================================

Issuer:     Global Net Lease, Inc. (GNL)
CIK:        0001526113
Form:       8-K
Filed at:   2023-02-23T23:59:59+00:00
Accession:  0001526113-23-000004
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1526113/000152611323000004/0001526113-23-000004-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1526113/000152611323000004/gnl-20230223.htm
  HTML page:      https://secwatch.observer/filing/0001526113-23-000004

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer