---
schema_version: "secwatch.filing_event.v1"
accession: "0001526113-23-000012"
form_type: "8-K"
ticker: "GNL"
cik: "0001526113"
company_name: "Global Net Lease, Inc."
filed_at: "2023-05-10T23:59:59+00:00"
generated_at: "2026-06-15T06:17:34.362638+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Global Net Lease Q1 2023 net loss $6.0M, AFFO $0.38 vs $0.43 YoY; revenue down 2.9%

## Summary
- Revenue $94.3M vs $97.1M Q1 2022, down 2.9%; on constant currency basis $97.5M.
- Net loss attributable to common $6.0M ($0.06 diluted) vs net income $5.5M ($0.05) YoY.
- Core FFO $31.1M ($0.30/sh) vs $45.6M ($0.44); AFFO $39.8M ($0.38) vs $44.3M ($0.43).
- Portfolio 98.0% leased, 7.8 yr WALT; executed 0.7M sq ft renewals at 4.2% positive spread.
- Net debt/EV 60.3%; fixed rate debt 67% (down from 87.6% YoY); liquidity $184.4M.

## SEC filing metadata
- accession: 0001526113-23-000012
- form_type: 8-K
- ticker: GNL
- cik: 0001526113
- company_name: Global Net Lease, Inc.
- filed_at: 2023-05-10T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1526113/000152611323000012/0001526113-23-000012-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1526113/000152611323000012/gnl-20230510.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001526113-23-000012
- JSON: https://secwatch.observer/filing/0001526113-23-000012.json
- Plain text: https://secwatch.observer/filing/0001526113-23-000012.txt

## Key facts
- Earnings Releases
  Global Net Lease, Inc. reported the quarter ended March 31, 2023 results: revenue $94.3 million, net income Net loss attributable to common stockholders was $6.0 million, or $0.06 per diluted share, EPS $0.06 per diluted share.
  - Period: the quarter ended March 31, 2023
  - Revenue: $94.3 million
  - Net income: Net loss attributable to common stockholders was $6.0 million, or $0.06 per diluted share
  - EPS: $0.06 per diluted share
  - Result: reported results
  source text: Global Net Lease, Inc. (NYSE: GNL) (“GNL” or the “Company”), a real estate investment trust that focuses on acquiring and managing a globally diversified portfolio of strategically-located commercial real estate properties, announced today its financial and operating results for the quarter ended March 31, 2023. First Quarter 2023 and Subsequent Events Highlights • Revenue was $94.3 million compared to $97.1 million in first quarter 2022. On a Constant Currency basis 1 , revenue would have been $97.5 million. • Net loss attributable to common stockholders was $6.0 million, or $0.06 per diluted share compared, to net income attributable to common stockholders of $5.5 million, or $0.05 per diluted share in first quarter 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1526113/000152611323000012/0001526113-23-000012-index.htm

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