secwatch.observer — SEC 8-K summary
======================================

Issuer:     Global Net Lease, Inc. (GNL)
CIK:        0001526113
Form:       8-K
Filed at:   2025-05-07T23:59:59+00:00
Accession:  0001526113-25-000010
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1526113/000152611325000010/0001526113-25-000010-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1526113/000152611325000010/gnl-20250507.htm
  HTML page:      https://secwatch.observer/filing/0001526113-25-000010

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer