secwatch / observer

Global Net Lease, Inc. — fact timeline

Source-grounded facts extracted from Global Net Lease, Inc.'s SEC 8-K filings across all families, newest first. Each cites a verbatim SEC excerpt.

GNL Global Net Lease, Inc. JSON
Shareholder Votes

Global Net Lease, Inc. shareholders approved Approval of a non-binding advisory resolution approving the compensation of the Company's named executive officers as disclosed in the Proxy Statement for the 2026 Annual Meeting at the 2026-05-21 meeting.

“Proposal 3: Approval of a non-binding advisory resolution approving the compensation of the Company’s named executive officers as disclosed in the Proxy Statement for the 2026 Annual Meeting: Broker Votes For Votes Against Abstentions Non-Votes 145,876,071 6,366,683 590,309 28,319,940”
Shareholder Votes

Global Net Lease, Inc. shareholders approved Ratification of the appointment of PricewaterhouseCoopers LLP as the Company's independent registered public accounting firm for the year ending December 31, 2026 at the 2026-05-21 meeting.

“Proposal 2: Ratification of the appointment of PricewaterhouseCoopers LLP as the Company’s independent registered public accounting firm for the year ending December 31, 2026: Broker Votes For Votes Against Abstentions Non-Votes 179,564,468 1,151,933 436,602 ̶”
Shareholder Votes

Global Net Lease, Inc. shareholders approved Election of eight directors to hold office until the 2027 annual meeting of stockholders of the Company and until their respective successors are duly elected and qualify at the 2026-05-21 meeting.

“Proposal 1: Election of eight directors to hold office until the 2027 annual meeting of stockholders of the Company and until their respective successors are duly elected and qualify : Votes Votes Broker Director For Withheld Non-Votes Edward M. Weil, Jr. 146,655,208 6,177,855 28,319,940 Dr. M. Therese Antone 149,304,208 3,528,855 28,319,940 Lisa D. Kabnick 151,518,868 1,314,195 28,319,940 Robert I. Kauffman 143,168,957 9,664,106 28,319,940 Leslie D. Michelson 135,211,852 17,621,211 28,319,940 Michael J.U. Monahan 151,454,102 1,378,961 28,319,940 Stanley R. Perla 151,418,507 1,414,556 28,319,940 Leon C. Richardson 149,933,480 2,899,583 28,319,940”
Material Agreements

Global Net Lease, Inc. entered into Agreement and Plan of Merger with Modiv Industrial, Inc. and Modiv Operating Partnership, LP (effective 2026-05-03).

“On May 3, 2026, Global Net Lease, Inc. (“ GNL ”), together with its direct and indirect subsidiaries, GNL Motion Merger Sub, LLC (“ REIT Merger Sub ”), Global Net Lease Operating Partnership, L.P. (the “ Operating Partnership ”) and GNL Motion OpCo Merger Sub, LLC (“ Opco Merger Sub ” and, together with GNL, REIT Merger Sub and the Operating Partnership, the “ GNL Parties ”) entered into an Agreement and Plan of Merger (the “ Merger Agreement ”) with Modiv Industrial, Inc. (the “ Modiv ”) and Modiv Operating Partnership, LP (the “ Modiv Operating Partnership ” and, together with Modiv, the “ Modiv Parties ”).”
Debt Financings

Global Net Lease, Inc. incurred revolving credit of $1.815 billion with BMO Bank N.A. at variable rate per annum based on an applicable margin that varies based on the r maturing August 5, 2029.

“acility ”) with, inter alios , BMO Bank N.A. (“ BMO ” or the “ Agent ”), as agent, and the other lender parties thereto (together with BMO and any other lenders that may become parties, the “ Lenders ”).”
M&A Transactions

Global Net Lease, Inc. completed a disposition involving RCG Ventures Holdings, LLC for approximately $395 million in gross proceeds upon closing (closed 2025-06-10).

“dated February 25, 2025, by and between the Sellers and Buyer. This second phase includes 28 encumbered properties (the “ Second Tranche Properties ”) generating approximately $395 million in gross proceeds upon closing. There were no material relationships, other than in respect of the sale of the second phase of the Portfolio, among the Sellers and their”

Sue Perrotty resigned as Non-Executive Chairperson at Global Net Lease, Inc..

“Ms. Sue Perrotty, who resigned from her position as Non-Executive Chairperson but will continue to serve on the Board as an independent director.”

Robert Kauffman was appointed as Non-Executive Chairperson of the Board at Global Net Lease, Inc..

“appointed Robert Kauffman, a current independent director of the Company’s Board and Chair of the Finance Committee, as the Company’s Non-Executive Chairperson of the Board, effective May 30, 2025.”
Governance Changes

Global Net Lease, Inc.: Increased authorized shares to 440,000,000 (400M common, 40M preferred) (effective 2025-05-23).

“On May 22, 2025, the Board approved an amendment to the Company’s charter, to increase the number of authorized shares of stock of the Company to 440,000,000 shares, of which (i) 400,000,000 shall be designated as common stock, $0.01 par value per share, and (ii) 40,000,000 shall be designated as preferred stock, $0.01 par value per share (the “ Charter Amendment ”). The Charter Amendment was filed with the State Department of Assessments and Taxation of Maryland on May 23, 2025 and became immediately effective upon acceptance for record.”
Governance Changes

Global Net Lease, Inc.: Amended Article XV to grant stockholders, in addition to the Board, the power to alter, amend, or repeal bylaws by majority vote, subject to certain limitations requiring Board approval for changes to Articles XII and XV (effective 2025-04-02).

“April 2, 2025, the Board of Directors (the “Board”) of Global Net Lease, Inc. (the “Company”) amended and restated the Company’s Second Amended and Restated Bylaws (the “Existing Bylaws,” and as amended and restated, the “Amended and Restated Bylaws”) to amend Article XV of the Existing Bylaws to give the Company’s stockholders, in addition to the Board, the power to alter, amend or repeal the Amended and Restated Bylaws or to make new bylaws by the affirmative vote of the holders of a majority of the outstanding shares of common stock of the Company entitled to vote on the matter pursuant to a binding proposal submitted for approval at a duly called annual or special meeting of stockholders.”
M&A Transactions

Global Net Lease, Inc. completed a disposition involving RCG Ventures Holdings, LLC for approximately $1.1 billion in gross proceeds (closed 2025-03-25).

“On March 25, 2025, Global Net Lease, Inc., a Maryland corporation (the “Company”), through certain subsidiaries (collectively, the “Sellers”) of its operating partnership, Global Net Lease Operating Partnership, L.P., a Delaware limited partnership (the “OP”), consummated the closing of the first phase of the sale of its multi-tenant portfolio (the “Portfolio”) to an affiliate of RCG Ventures Holdings, LLC, a Georgia limited liability company (the “Buyer”), pursuant to that certain Purchase and Sale Agreement, dated February 25, 2025, by and between the Sellers and Buyer. This initial tranche includes 59 unencumbered properties (the “First Tranche Properties”), totaling $1.1 billion in gross proceeds upon closing.”

Leon C. Richardson was elected as Director at Global Net Lease, Inc..

“On March 7, 2025, the board of directors (the “Board”) of Global Net Lease, Inc. (the “Company”) expanded its size from nine to ten directors and elected, effective immediately, Mr. Leon C. Richardson to serve as a member of the Board”

Ori Kravel was appointed as Chief Operating Officer at Global Net Lease, Inc..

“Global Net Lease, Inc.’s (the “Company”) board of directors (the “Board”) appointed Ori Kravel, the Company’s current Senior Vice President of Corporate Development, as Chief Operating Officer, effective January 23, 2025.”
Earnings Releases

Global Net Lease, Inc. reported the quarter ended March 31, 2024 results: revenue $206.0 million, net income Net loss attributable to common stockholders was $34.7 million, EPS Net loss per diluted common share $ (0.15). Guidance reaffirmed.

“located commercial real estate properties, announced today its financial and operating results for the quarter ended March 31, 2024. First Quarter 2024 Highlights • Revenue was $206.0 million compared to $206.7 million in fourth quarter • Net loss attributable to common stockholders was $34.7 million, compared to net loss of $59.5 million in fourth quarter 2023 • Core”

Edward M. Weil, Jr. was appointed as President at Global Net Lease, Inc..

“on April 12, 2024, the Board appointed Mr. Weil as President of the Company, effective immediately.”

James L. Nelson resigned as President and Co-Chief Executive Officer at Global Net Lease, Inc..

“James L. Nelson, a former member of the board of directors (the “Board”) of Global Net Lease, Inc. (the “Company”) and the Company’s former President and Co-Chief Executive Officer, resigned from his position as a director and as President and Co-Chief Executive Officer, effective March 31, 2024”

James L. Nelson resigned as Director at Global Net Lease, Inc..

“James L. Nelson, a former member of the board of directors (the “Board”) of Global Net Lease, Inc. (the “Company”) and the Company’s former President and Co-Chief Executive Officer, resigned from his position as a director and as President and Co-Chief Executive Officer, effective March 31, 2024”
Material Agreements

Global Net Lease, Inc. entered into Environmental Indemnity Agreement with Bank of Montreal, Société Générale Financial Corporation, Barclays Capital Real Estate Inc., KeyBank National Association valued at Indemnification against environmental losses (effective 2024-04-05).

“In connection with the entry into the Loan Agreement, on April 5, 2024, the OP entered into a Guaranty Agreement (the “Guaranty”) and an Environmental Indemnity Agreement (the “Environmental Indemnity”) for the benefit of the Lenders.”
Material Agreements

Global Net Lease, Inc. entered into Guaranty Agreement with Bank of Montreal, Société Générale Financial Corporation, Barclays Capital Real Estate Inc., KeyBank National Association valued at Guaranty of full repayment and indemnification (effective 2024-04-05).

“In connection with the entry into the Loan Agreement, on April 5, 2024, the OP entered into a Guaranty Agreement (the “Guaranty”) and an Environmental Indemnity Agreement (the “Environmental Indemnity”) for the benefit of the Lenders.”
Material Agreements

Global Net Lease, Inc. entered into Commercial Mortgage-Backed Security Loan Agreement with Bank of Montreal, Société Générale Financial Corporation, Barclays Capital Real Estate Inc., KeyBank National Association valued at $237 million (effective 2024-04-05).

“On April 5, 2024, Global Net Lease, Inc. (the “Company”), through subsidiaries (collectively, the “Borrowers”) of its operating partnership, Global Net Lease Operating Partnership, L.P. (the “OP”), entered into a commercial mortgage-backed security Loan Agreement (the “Loan Agreement”), with (i) Bank of Montreal, (ii) Société Générale Financial Corporation, (iii) Barclays Capital Real Estate Inc. and (iv) KeyBank National Association (each individually, a “Lender,” and collectively, the “Lenders”), in the aggregate amount of $237 million (the “Loan”).”

Robert I. Kauffman was elected as Director at Global Net Lease, Inc..

“On March 19, 2024, the board of directors of Global Net Lease, Inc. (the “Company”) elected, effective immediately, Mr. Robert I. Kauffman to serve as a member of the board until the Company’s 2024 annual meeting of stockholders and until his successor is duly elected and qualifies.”

Edward M. Weil, Jr. changed role as Chief Executive Officer at Global Net Lease, Inc..

“Edward M. Weil, Jr., the Company’s other Co-Chief Executive Officer, will continue as the Company’s sole Chief Executive Officer.”

James L. Nelson resigned as President and Co-Chief Executive Officer at Global Net Lease, Inc..

“James L. Nelson, a member of the board of directors of Global Net Lease, Inc. (the “Company”) and the Company’s President and Co-Chief Executive Officer, notified the Company that he will resign from his position as President and Co-Chief Executive Officer, effective March 31, 2024,”

Edward M. Weil, Jr. changed role as Chief Executive Officer at Global Net Lease, Inc..

“Edward M. Weil, Jr., the Company’s other Co-Chief Executive Officer, will continue as the Company’s sole Chief Executive Officer.”

James L. Nelson departed as President and Co-Chief Executive Officer at Global Net Lease, Inc..

“Mr. Nelson also expects to retire and resign from his position as the Company’s President and Co-Chief Executive Officer, which will be effective on or around March 31, 2024”

James L. Nelson resigned as Director at Global Net Lease, Inc..

“James L. Nelson, a member of the board of directors of Global Net Lease, Inc. (the “Company”) and the Company’s President and Co-Chief Executive Officer, notified the Company that he will resign as a director of the Company, effective March 31, 2024.”

Michael J. U. Monahan was elected as Director at Global Net Lease, Inc..

“On February 27, 2024, the board of directors of Global Net Lease, Inc. (the “Company”) elected, effective immediately, Mr. Michael J. U. Monahan to serve as a member of the board until the Company’s 2024 annual meeting of stockholders and until his successor is duly elected and qualifies.”
Earnings Releases

Global Net Lease, Inc. reported the quarter and year ended December 31, 2023 results: revenue $206.7 million, net income Net loss was $59.5 million, or $0.26 per diluted share. Guidance initiated.

““Internalization”), GNL recognized $68 million of annualized synergies and is currently on track to recognize the full $75 million balance by third quarter 2024 2 • Revenue was $206.7 million in fourth quarter 2023 • Net loss was $59.5 million, or $0.26 per diluted share in fourth quarter 2023 • NOI was $169.7 million in fourth quarter 2023 • Core FFO was $48.3”

Abby M. Wenzel resigned as Director at Global Net Lease, Inc..

“On December 26, 2023, Abby M. Wenzel, a member of the board of directors of Global Net Lease, Inc. (the “Company”) notified the Company of her resignation, due to personal reasons, both as a director of the Company and as a member of the board’s compensation committee, effective December 28, 2023.”
Material Agreements

Global Net Lease, Inc. amended Equity Distribution Agreement with BMO Capital Markets Corp., KeyBanc Capital Markets Inc., B. Riley Securities, Inc., Capital One Securities, Inc., Citizens JMP Securities, LLC, SMBC Nikko Securities America, Inc., Truist Securities, Inc., Huntington Securities, Inc., Mizuho Securities USA LLC, Barclays Capital Inc., SG Americas Sec (effective 2023-11-09).

“On November 9, 2023, Global Net Lease, Inc. (the “Company”) entered into amendment no. 9 (the “Amendment”) to the Equity Distribution Agreement governing the Company’s “at-the-market” equity offering program for its common stock, dated February 28, 2019, as previously amended on May 9, 2019, June 21, 2019, November 12, 2019, March 19, 2021, November 5, 2021, February 25, 2022, August 5, 2022 and November 4, 2022 (as amended, the “Equity Distribution Agreement”), among the Company and Global Net Lease Operating Partnership, L.P. (the “Operating Partnership”), on the one hand, and BMO Capital Markets Corp., KeyBanc Capital Markets Inc., B. Riley Securities, Inc., Capital One Securities, Inc., Citizens JMP Securities, LLC, SMBC Nikko Securities America, Inc., Truist Securities, Inc., Huntington Securities, Inc., Mizuho Securities USA LLC, Barclays Capital Inc., SG Americas Securities, LLC, Ladenburg Thalmann & Co. Inc., UBS Securities LLC and Synovus Securities, Inc. (collectively, the “A”
Earnings Releases

Global Net Lease, Inc. reported the quarter ended September 30, 2023 results: revenue $118.2 million, net income Net loss attributable to common stockholders was $142.5 million, EPS net (loss) income per diluted common share $(1.11).

“Revenue was $118.2 million compared to $92.6 million in third quarter 2022”
Governance Changes

Global Net Lease, Inc.: Filed Articles Supplementary establishing Series D Preferred Stock and Series E Preferred Stock (effective 2023-09-08).

“in connection with the consummation of the REIT Merger, on September 8, 2023, GNL filed Articles Supplementary for each of the Series D Preferred Stock and the Series E Preferred Stock with the SDAT.”
Governance Changes

Global Net Lease, Inc.: Filed Articles Supplementary to declassify the board of directors, implementing the Declassification Election under MGCL (effective 2023-09-12).

“On September 12, 2023, GNL filed articles supplementary (the “Declassification Articles Supplementary”) with the State Department of Assessments and Taxation of Maryland (“SDAT”) to implement the Declassification Election.”
Governance Changes

Global Net Lease, Inc.: Amended bylaws to remove requirement that board include two managing directors previously designated by the GNL Advisor.

“in connection with the REIT Merger, at the REIT Merger Effective Time, GNL amended its amended and restated bylaws (as so amended, the “Second Amended and Restated Bylaws”), to, among other things, remove the requirement that the GNL Board include two “managing directors” (which have previously been designated by the GNL Advisor).”
M&A Transactions

Global Net Lease, Inc. completed an acquisition involving The Necessity Retail REIT, Inc. (RTL) for approximately 93,432,927 shares of GNL Common Stock (closed 2023-09-12).

“of less than 1/1000 th of a share will have their shares aggregated and rounded up to the nearest 1/1,000 th of a share of GNL Common Stock. The Company issued approximately 93,432,927 shares of GNL Common Stock as consideration in the REIT Merger, and approximately 221,136 GNL Restricted Shares (as defined in the REIT Merger Agreement) subject to vesting”
Debt Financings

Global Net Lease, Inc. incurred senior notes of $500 million with U.S. Bank Trust Company, National Association at 4.500% maturing September 30, 2028.

“In connection with the Transactions, on September 12, 2023, GNL, GNL OP, and the other parties thereto entered into a supplemental indenture (the “RTL Supplemental Indenture”) to assume the obligations of RTL and RTL OP with respect to the RTL Senior Notes (as defined below) and under RTL’s indenture, dated October 7, 2021, by and among RTL, RTL OP, the guarantors party thereto and U.S. Bank Trust Company, National Association, as successor to U.S. Bank National Association, as trustee (as amended and supplemented to date, the “RTL Indenture”) and governing the $500 million 4.500% Senior Notes due 2028 issued by RTL and RTL OP (the “RTL Senior Notes”).”
Debt Financings

Global Net Lease, Inc. incurred credit facility of $500 million increase from $1.45 billion to $1.95 billion with KeyBank National Association at not specified maturing October 8, 2026.

““RTL Credit Facility”). GNL exercised the existing “accordion feature” on the GNL Credit Facility and increased the aggregate total commitments under the GNL Credit Facility by $500 million from $1.45 billion to $1.95 billion to repay and terminate the RTL Credit Facility and to create additional availability after the closing of the REIT Merger. The sublimits for”
Material Agreements

Global Net Lease, Inc. amended RTL Supplemental Indenture with U.S. Bank Trust Company, National Association, as trustee (effective 2023-09-12).

“on September 12, 2023, GNL, GNL OP, and the other parties thereto entered into a supplemental indenture (the "RTL Supplemental Indenture") to assume the obligations of RTL and RTL OP with respect to the RTL Senior Notes (as defined below) and under RTL's indenture, dated October 7, 2021, by and among RTL, RTL OP, the guarantors party thereto and U.S. Bank Trust Company, National Association, as successor to U.S. Bank National Association, as trustee (as amended and supplemented to date, the "RTL Indenture") and governing the $500 million 4.500% Senior Notes due 2028 issued by RTL and RTL OP (the "RTL Senior Notes").”
Material Agreements

Global Net Lease, Inc. amended GNL Credit Facility Amendment with KeyBank National Association, as agent, and the other lender parties valued at increased the aggregate total commitments under the GNL Credit Facility by $500 million from $1.45 b (effective 2023-09-12).

“on September 12, 2023, GNL entered into a second amendment (the " GNL Credit Facility Amendment") to its Second Amended and Restated Credit Agreement, dated April 8, 2022, by and among GNL OP, as borrower, GNL and the other guarantors party thereto (including RTL OP, RTL OP GP, REIT Merger Sub, and certain of RTL OP's subsidiaries), KeyBank National Association, as agent, and the other lender parties thereto (as amended to date, the "GNL Credit Facility") in order to, among other things, repay the outstanding indebtedness and obligations of RTL under the Amended and Restated Credit Agreement, dated as of October 1, 2021, by and among RTL OP, RTL and the other guarantors party thereto, BMO Harris Bank N.A., as administrative agent, and the other lender parties thereto (the "RTL Credit Facility").”

Leslie D. Michelson was appointed as Class II Director at Global Net Lease, Inc..

“Leslie D. Michelson to the GNL Board to serve as a Class II director”

Stanley R. Perla was appointed as Class I Director at Global Net Lease, Inc..

“Stanley R. Perla to the GNL Board as a Class I director”

Lisa D. Kabnick was appointed as Director at Global Net Lease, Inc..

“the GNL board of directors appointed (i) each of Lisa D. Kabnick to the GNL Board as a director”

James L. Nelson changed role as Co-Chief Executive Officer at Global Net Lease, Inc..

“James L. Nelson, who has served as our Chief Executive Officer prior to the Transactions and will continue with Mr. Weil as Co-Chief Executive Officer.”

Edward M. Weil, Jr. was appointed as Co-Chief Executive Officer at Global Net Lease, Inc..

“Edward M. Weil, Jr., who has served as a member of our Board since 2017, was appointed as Co-Chief Executive Officer of GNL”
Shareholder Votes

Global Net Lease, Inc. shareholders approved Approval of adjournment of the Special Meeting if necessary at the 2023-09-08 meeting.

“Proposal 2. Adjournment Proposal. Votes For Votes Against Abstentions Broker Non-Votes 45,785,536 30,597,671 558,426 -”
Shareholder Votes

Global Net Lease, Inc. shareholders approved Approval of issuance of shares in connection with the REIT Merger and Internalization Merger at the 2023-09-08 meeting.

“Proposal 1. GNL Common Stock Proposal. Votes For Votes Against Abstentions Broker Non-Votes 44,106,496 32,250,774 584,363 -”
Earnings Releases

Global Net Lease, Inc. reported the quarter ended June 30, 2023 results: revenue $95.8 million, net income $(31.4) million, EPS $(0.30) per diluted share.

“in the first quarter after closing, compared to the first quarter of 2023 ◦ Create $75 million of annual cost savings anticipated within twelve months of closing • Revenue was $95.8 million compared to $95.2 million in second quarter 2022 • Net loss attributable to common stockholders was $31.4 million, or $0.30 per diluted share, compared to $5.8 million, or $0.06”
Shareholder Votes

Global Net Lease, Inc. shareholders approved Ratification of the Appointment of PwC as the Company’s Independent Registered Public Accounting Firm for the Fiscal Year Ending December 31, 2023 at the 2023-06-29 meeting.

“Proposal 2 - Ratification of the Appointment of PwC as the Company’s Independent Registered Public Accounting Firm for the Fiscal Year Ending December 31, 2023: For Against Abstain Broker Non-Votes 87,018,437 1,086,984 540,797 *”
Shareholder Votes

Global Net Lease, Inc. shareholders approved Election of Class III Directors at the 2023-06-29 meeting.

“Proposal 1 - Election of Class III Directors Nominee For Withhold Broker Non-Votes James L. Nelson 52,416,733 23,374,181 12,855,306 Edward M. Weil, Jr. 42,682,543 33,108,371 12,855,306”
Material Agreements

Global Net Lease, Inc. entered into Cooperation Agreement and Release with Blackwells Capital LLC, Blackwells Onshore I LLC, Jason Aintabi, Related Fund Management, LLC, Jim Lozier, Richard O'Toole (effective 2023-06-04).

“On June 4, 2023, Global Net Lease, Inc. (“GNL”, or the “Company”) together with The Necessity Retail REIT, Inc. (“RTL” and, together with GNL, the “Companies”), Global Net Lease Advisors, LLC (“GNL Advisor”), Global Net Lease Properties, LLC (“GNL Property Manager”), Necessity Retail Advisors, LLC (“RTL Advisor”), Necessity Retail Properties, LLC (“RTL Property Manager”), AR Global Investments, LLC (“Advisor Parent” and, together with GNL Advisor, GNL Property Manager, RTL Advisor, and RTL Property Manager, the “Advisors” and, together with the Companies and any other entities managed or advised by the Advisor Parent or its Affiliates, the “Group Companies”) entered into a Cooperation Agreement and Release (the “Agreement”) with Blackwells Capital LLC (“Blackwells Capital”), Blackwells Onshore I LLC (“Blackwells Onshore”), Jason Aintabi (collectively with Blackwells Capital and Blackwells Onshore, the “Blackwells Parties”), Related Fund Management, LLC (“Related”), Jim Lozier, and Rich”

Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.