earnings
confidence high
sentiment positive
materiality 0.80
GNL Q2 AFFO $0.22/share; raises FY AFFO guidance to $0.82-$0.85; Modiv acquisition expected mid-Aug
Global Net Lease, Inc.
- Q2 revenue $112.5M (down from $124.9M YoY); net loss $7.5M vs $35.1M loss in Q2 2025.
- AFFO per share $0.22; full-year AFFO guidance raised to $0.82-$0.85 from $0.80-$0.84.
- Modiv Industrial acquisition expected to close mid-Aug 2026, 4% accretive to AFFO per share.
- Net debt to Adjusted EBITDA improved to 6.6x from 7.2x in Q1 2026; liquidity increased to $919M.
- Repurchased 20.9M shares at $8.11 avg for $169.7M; office dispositions 78% of $263M pipeline.