{"schema_version":"secwatch.filing_event.v1","accession":"0001628280-26-011686","form_type":"8-K","ticker":"GNL","cik":"0001526113","company_name":"Global Net Lease, Inc.","filed_at":"2026-02-25T23:59:59+00:00","discovered_at":"2026-05-14T18:02:35.321267+00:00","generated_at":"2026-05-16T00:16:19.341669+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"GNL Q4 AFFO $0.22, FY AFFO $0.99 beats guidance; net debt down $2.2B, credit upgraded","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001628280-26-011686","json":"https://secwatch.observer/filing/0001628280-26-011686.json","markdown":"https://secwatch.observer/filing/0001628280-26-011686.md","text":"https://secwatch.observer/filing/0001628280-26-011686.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1526113/000162828026011686/0001628280-26-011686-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1526113/000162828026011686/gnl-20260225.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-16T00:16:19.341669+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}