---
schema_version: "secwatch.filing_event.v1"
accession: "0001526113-24-000006"
form_type: "8-K"
ticker: "GNL"
cik: "0001526113"
company_name: "Global Net Lease, Inc."
filed_at: "2024-02-27T23:59:59+00:00"
generated_at: "2026-06-05T11:42:19.571386+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# Global Net Lease posts Q4 net loss $59.5M, cuts dividend to $1.10/share annually

## Summary
- Q4 revenue $206.7M, net loss $59.5M ($0.26/diluted share), Core FFO $0.21/share.
- AFFO $0.31/share; full-year 2024 AFFO guidance $1.30-$1.40/share.
- Dividend cut to $1.10/share annually starting April 2024 to free cash for deleveraging.
- Plans $400-600M of strategic dispositions in 2024 to reduce net debt/EBITDA to 7.4-7.8x.
- Achieved $68M in annualized synergies from merger/internalization; on track for $75M by Q3 2024.

## SEC filing metadata
- accession: 0001526113-24-000006
- form_type: 8-K
- ticker: GNL
- cik: 0001526113
- company_name: Global Net Lease, Inc.
- filed_at: 2024-02-27T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1526113/000152611324000006/0001526113-24-000006-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1526113/000152611324000006/gnl-20240227.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001526113-24-000006
- JSON: https://secwatch.observer/filing/0001526113-24-000006.json
- Plain text: https://secwatch.observer/filing/0001526113-24-000006.txt

## Key facts
- Earnings Releases
  Global Net Lease, Inc. reported the quarter and year ended December 31, 2023 results: revenue $206.7 million, net income Net loss was $59.5 million, or $0.26 per diluted share. Guidance initiated.
  - Period: the quarter and year ended December 31, 2023
  - Revenue: $206.7 million
  - Net income: Net loss was $59.5 million, or $0.26 per diluted share
  - Guidance: initiated
  - Result: reported results
  source text: “Internalization”), GNL recognized $68 million of annualized synergies and is currently on track to recognize the full $75 million balance by third quarter 2024 2 • Revenue was $206.7 million in fourth quarter 2023 • Net loss was $59.5 million, or $0.26 per diluted share in fourth quarter 2023 • NOI was $169.7 million in fourth quarter 2023 • Core FFO was $48.3
  evidence_url: https://www.sec.gov/Archives/edgar/data/1526113/000152611324000006/0001526113-24-000006-index.htm

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