---
schema_version: "secwatch.filing_event.v1"
accession: "0001526113-23-000018"
form_type: "8-K"
ticker: "GNL"
cik: "0001526113"
company_name: "Global Net Lease, Inc."
filed_at: "2023-08-03T23:59:59+00:00"
generated_at: "2026-06-12T08:09:34.036480+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# GNL Q2 net loss $31.4M ($0.30/sh) vs $5.8M loss; AFFO $0.40/sh; RTL merger on track

## Summary
- Net loss attributable to common stockholders $31.4M ($0.30 diluted sh) vs $5.8M loss ($0.06) in Q2 2022; loss driven by $22M proxy expenses and $6.3M merger costs.
- Core FFO $27.7M ($0.27/sh) vs $50.0M ($0.48) in Q2 2022; AFFO $41.4M ($0.40) vs $45.0M ($0.43) prior year.
- Revenue $95.8M vs $95.2M in Q2 2022; portfolio 97.7% leased with 7.6 yr WALT; 60% investment grade tenants.
- Merger with RTL expected close Sept 2023; 9% accretive to AFFO/sh in first quarter after close; $75M annual cost savings.
- Dividend declared $0.40/sh, matching AFFO per share; net debt to enterprise value 65.2%; weighted avg debt rate 4.8%.

## SEC filing metadata
- accession: 0001526113-23-000018
- form_type: 8-K
- ticker: GNL
- cik: 0001526113
- company_name: Global Net Lease, Inc.
- filed_at: 2023-08-03T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1526113/000152611323000018/0001526113-23-000018-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1526113/000152611323000018/gnl-20230803.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001526113-23-000018
- JSON: https://secwatch.observer/filing/0001526113-23-000018.json
- Plain text: https://secwatch.observer/filing/0001526113-23-000018.txt

## Key facts
- Earnings Releases
  Global Net Lease, Inc. reported the quarter ended June 30, 2023 results: revenue $95.8 million, net income $(31.4) million, EPS $(0.30) per diluted share.
  - Period: the quarter ended June 30, 2023
  - Revenue: $95.8 million
  - Net income: $(31.4) million
  - EPS: $(0.30) per diluted share
  - Result: reported results
  source text: in the first quarter after closing, compared to the first quarter of 2023 ◦ Create $75 million of annual cost savings anticipated within twelve months of closing • Revenue was $95.8 million compared to $95.2 million in second quarter 2022 • Net loss attributable to common stockholders was $31.4 million, or $0.30 per diluted share, compared to $5.8 million, or $0.06
  evidence_url: https://www.sec.gov/Archives/edgar/data/1526113/000152611323000018/0001526113-23-000018-index.htm

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