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

Issuer:     Global Net Lease, Inc. (GNL)
CIK:        0001526113
Form:       8-K
Filed at:   2026-05-05T23:59:59+00:00
Accession:  0001628280-26-030591
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1526113/000162828026030591/0001628280-26-030591-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1526113/000162828026030591/gnl-20260505.htm
  HTML page:      https://secwatch.observer/filing/0001628280-26-030591

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