---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-26-030591"
form_type: "8-K"
ticker: "GNL"
cik: "0001526113"
company_name: "Global Net Lease, Inc."
filed_at: "2026-05-05T23:59:59+00:00"
generated_at: "2026-05-14T23:21:15.847571+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# GNL Q1 AFFO $0.21/share, reaffirms guidance; acquires Modiv for $535M all-stock

## Summary
- Q1 revenue $109.3M (down 17% YoY); net loss $16.0M vs -$200.3M in Q1'25.
- AFFO per share $0.21; full-year 2026 AFFO guidance reaffirmed at $0.80-$0.84.
- Entered $535M all-stock deal for Modiv Industrial; expected to close Q3'26, 4% AFFO accretive.
- Repurchased 19.7M shares at $8.05 avg ($158.2M total); liquidity $911M, revolver capacity $1.5B.
- Reduced net debt $1.3B YoY to $2.4B; closed/active disposition pipeline $132M (68% office).

## SEC filing metadata
- accession: 0001628280-26-030591
- form_type: 8-K
- ticker: GNL
- cik: 0001526113
- company_name: Global Net Lease, Inc.
- filed_at: 2026-05-05T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- 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/1526113/000162828026030591/0001628280-26-030591-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1526113/000162828026030591/gnl-20260505.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-26-030591
- JSON: https://secwatch.observer/filing/0001628280-26-030591.json
- Plain text: https://secwatch.observer/filing/0001628280-26-030591.txt

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