---
schema_version: "secwatch.filing_event.v1"
accession: "0001526113-23-000024"
form_type: "8-K"
ticker: "GNL"
cik: "0001526113"
company_name: "Global Net Lease, Inc."
filed_at: "2023-11-07T23:59:59+00:00"
generated_at: "2026-06-08T14:51:43.909888+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Global Net Lease Q3 net loss $142.5M on merger costs; AFFO $0.36 per share

## Summary
- Net loss of $142.5M ($1.11/sh) vs net income $9.7M in Q3 2022; includes $68.8M of merger and non-recurring costs.
- Revenue $118.2M, up from $92.6M YoY, reflecting the merger with Necessity Retail REIT (19 days combined).
- AFFO per share $0.36 vs $0.40 in Q3 2022; AFFO total $46.9M vs $41.3M.
- Exceeded initial merger synergy estimate: achieved $56M annualized savings in first 19 days vs $54M target.
- Portfolio 96.3% leased, 6.9-year WALT, 82% fixed-rate debt; targeting $75M total synergies by Q3 2024.

## SEC filing metadata
- accession: 0001526113-23-000024
- form_type: 8-K
- ticker: GNL
- cik: 0001526113
- company_name: Global Net Lease, Inc.
- filed_at: 2023-11-07T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- 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/1526113/000152611323000024/0001526113-23-000024-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1526113/000152611323000024/gnl-20231107.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001526113-23-000024
- JSON: https://secwatch.observer/filing/0001526113-23-000024.json
- Plain text: https://secwatch.observer/filing/0001526113-23-000024.txt

## Key facts
- Earnings Releases
  Global Net Lease, Inc. reported the quarter ended September 30, 2023 results: revenue $118.2 million, net income Net loss attributable to common stockholders was $142.5 million, EPS net (loss) income per diluted common share $(1.11).
  - Period: the quarter ended September 30, 2023
  - Revenue: $118.2 million
  - Net income: Net loss attributable to common stockholders was $142.5 million
  - EPS: net (loss) income per diluted common share $(1.11)
  - Result: reported results
  source text: Revenue was $118.2 million compared to $92.6 million in third quarter 2022
  evidence_url: https://www.sec.gov/Archives/edgar/data/1526113/000152611323000024/0001526113-23-000024-index.htm

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