---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-25-049599"
form_type: "8-K"
ticker: "GNL"
cik: "0001526113"
company_name: "Global Net Lease, Inc."
filed_at: "2025-11-05T23:59:59+00:00"
generated_at: "2026-05-17T00:16:00.918086+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# GNL posts Q3 AFFO $0.24/share, raises FY guidance; credit upgraded to BBB-

## Summary
- Revenue $121M (down 12.7% YoY); net loss $71.1M improved; AFFO $0.24/sh vs $0.32.
- Fitch upgraded GNL to investment-grade BBB- from BB+ on deleveraging and liquidity.
- Reduced net debt by $2B since Q4 2024; net debt/EBITDA 7.2x; $1.8B revolver refinancing cut spread 35bps.
- Repurchased 12.1M shares YTD at $7.59 avg ($92M); raised FY AFFO guidance to $0.95-$0.97.
- Portfolio 97% leased, 60% investment-grade tenants; weighted average debt maturity extended to 3.2 years.

## SEC filing metadata
- accession: 0001628280-25-049599
- form_type: 8-K
- ticker: GNL
- cik: 0001526113
- company_name: Global Net Lease, Inc.
- filed_at: 2025-11-05T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1526113/000162828025049599/0001628280-25-049599-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1526113/000162828025049599/gnl-20251105.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-25-049599
- JSON: https://secwatch.observer/filing/0001628280-25-049599.json
- Plain text: https://secwatch.observer/filing/0001628280-25-049599.txt

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