secwatch.observer — SEC 8-K summary
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Issuer:     Global Net Lease, Inc. (GNL)
CIK:        0001526113
Form:       8-K
Filed at:   2024-05-07T23:59:59+00:00
Accession:  0001526113-24-000011
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

GNL reports Q1 AFFO $0.33/share (+6% QoQ); reaffirms FY2024 $1.30-$1.40 guidance
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- AFFO per diluted share $0.33 (up 6% QoQ); Core FFO $56.6M (+17% QoQ).
- Net loss narrowed to $34.7M from $59.5M QoQ; revenue $206.0M, stable.
- Closed plus disposition pipeline totals $554M at 7.2% cash cap rate on occupied assets.
- Reaffirmed 2024 AFFO guidance $1.30-$1.40 per share; Net debt to Adj EBITDA 7.4x-7.8x.
- Post-Q1, completed $237M CMBS refinancing at 5.74% fixed, reducing annual interest by $3.5M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1526113/000152611324000011/0001526113-24-000011-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1526113/000152611324000011/gnl-20240507.htm
  HTML page:      https://secwatch.observer/filing/0001526113-24-000011

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