secwatch.observer — SEC 8-K summary
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Issuer:     Global Net Lease, Inc. (GNL)
CIK:        0001526113
Form:       8-K
Filed at:   2023-05-10T23:59:59+00:00
Accession:  0001526113-23-000012
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1526113/000152611323000012/0001526113-23-000012-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1526113/000152611323000012/gnl-20230510.htm
  HTML page:      https://secwatch.observer/filing/0001526113-23-000012

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