earnings
confidence high
sentiment positive
materiality 0.80
GNL Q4 AFFO $0.22, FY AFFO $0.99 beats guidance; net debt down $2.2B, credit upgraded
Global Net Lease, Inc.
2025-FY EPS reported
-$1.21
revenue$495,286,000
- Q4 AFFO $48.5M ($0.22/share); FY2025 AFFO $221.0M ($0.99/share), above guidance of $0.95-$0.97.
- Reduced net debt $2.2B; Net Debt/Adjusted EBITDA improved from 7.6x to 6.7x in 2025.
- Sold McLaren Campus for £250M, gain ~£80M above purchase price; credit upgraded to investment-grade BBB- by Fitch.
- Repurchased 17.2M shares at $7.88 avg for $135.9M since program launch; includes 4.5M shares in Q4 2025 for $37.3M.
- Introduced 2026 guidance: AFFO $0.80-$0.84/share, Net Debt/EBITDA 6.5x-6.9x; focus on reducing office exposure.
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