---
schema_version: "secwatch.filing_event.v1"
accession: "0001526113-25-000010"
form_type: "8-K"
ticker: "GNL"
cik: "0001526113"
company_name: "Global Net Lease, Inc."
filed_at: "2025-05-07T23:59:59+00:00"
generated_at: "2026-05-22T07:52:14.851157+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# GNL Q1 revenue $132M, net loss $200M on portfolio sale; AFFO $0.29; reaffirms FY guidance

## Summary
- Net loss attributable to common stockholders of $200.3M, vs $34.7M loss YoY, driven by portfolio sale accounting.
- Revenue $132.4M, down 10.5% YoY from $147.9M due to asset dispositions.
- Closed first phase of multi-tenant sale: $1.1B gross proceeds; remaining 41 assets expected to close Q2 2025.
- Reduced net debt by $833M in Q1; net debt/adjusted EBITDA improved to 6.7x from 8.4x YoY.
- Repurchased 7.9M shares at avg $7.50 for $59M; reaffirms 2025 AFFO guidance $0.90-$0.96 per share.

## SEC filing metadata
- accession: 0001526113-25-000010
- form_type: 8-K
- ticker: GNL
- cik: 0001526113
- company_name: Global Net Lease, Inc.
- filed_at: 2025-05-07T23:59:59+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/1526113/000152611325000010/0001526113-25-000010-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1526113/000152611325000010/gnl-20250507.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001526113-25-000010
- JSON: https://secwatch.observer/filing/0001526113-25-000010.json
- Plain text: https://secwatch.observer/filing/0001526113-25-000010.txt

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