Inferra AI / Company / GNL

Global Net Lease, Inc.

GNL · Real Estate

Last earnings Sep 30, 2026

Key results

Revenuequarter

$109.3 million

For the first quarter of 2026, we recorded revenue of $109.3 million, and a net loss attributable to common stockholders of $16.0 million.

SEC original ↗Global Net Lease, Inc. — Earnings release (8-K exhibit)EX-99May 7, 2026

AI analysis

Q1 2026 · reported May 7, 2026

Based on: Earnings release + parent 8-K — transcript not held

Revenue · Q1 2026

$109.3M

EX-99 · May 7, 2026

Headline figures

Metric	Q1 2026	Prior qtr	Year ago
Revenue	$109.3 million	—	—

EX-99 · May 7, 2026

Guidance · company-stated

No guidance located in the held release

Next earningsNo verified date on fileNo date is estimated or imported

Capital allocation

Capex$1.6M

In addition to our capital recycling strategy, we continue to evaluate the most effective uses of our disposition proceeds, including opportunistic share repurchases.

General educational research only — not investment advice.Every figure is as stated in the held documents; values marked “computed from stated figures” are arithmetic on those stated figures. Guidance shown is the company’s own stated guidance. No price targets, no recommendations, no consensus estimates.

Event summary

Good morning, everyone, and thank you for joining us for GNL's first quarter 2026 earnings call

Based on: Earnings release + parent 8-K — transcript not held

Guidance & outlook

No guidance located in the held release

Capital allocation

In addition to our capital recycling strategy, we continue to evaluate the most effective uses of our disposition proceeds, including opportunistic share repurchases.

SEC original ↗Global Net Lease, Inc. — Earnings release (8-K exhibit)EX-99May 7, 2026

Since the beginning of our share repurchase program through May 1, 2026, we have repurchased 19.7 million shares at a weighted average price of $8.05, totaling $158.2 million.

SEC original ↗Global Net Lease, Inc. — Earnings release (8-K exhibit)EX-99May 7, 2026

We have been deliberate and opportunistic in how we've executed this program, and we remain disciplined in balancing these repurchases with our continued focus on leverage reduction and the redeployment of capital into higher-quality assets.

SEC original ↗Global Net Lease, Inc. — Earnings release (8-K exhibit)EX-99May 7, 2026

Additionally, capital expenditures declined to $1.6 million from $9.8 million in the first quarter of 2025, supporting improved cash flow through a more streamlined portfolio.

SEC original ↗Global Net Lease, Inc. — Earnings release (8-K exhibit)EX-99May 7, 2026

Looking at our balance sheet, the gross outstanding debt balance was $2.6 billion at the end of the first quarter of 2026, a reduction of $1.3 billion from the end of the first quarter of 2025.

SEC original ↗Global Net Lease, Inc. — Earnings release (8-K exhibit)EX-99May 7, 2026

Our debt is comprised of $1.0 billion in senior notes, $290 million on the multi-currency Revolving Credit Facility and $1.3 billion of outstanding gross mortgage debt.

SEC original ↗Global Net Lease, Inc. — Earnings release (8-K exhibit)EX-99May 7, 2026

Strategy & priorities

Before we review our first quarter 2026 results, I'd like to discuss our planned strategic acquisition of Modiv Industrial, which we announced earlier this week.

SEC original ↗Global Net Lease, Inc. — Earnings release (8-K exhibit)EX-99May 7, 2026

This transaction is a direct reflection of the strategy we outlined on our last earnings call, and the tangible progress we have already made towards implementing it.

SEC original ↗Global Net Lease, Inc. — Earnings release (8-K exhibit)EX-99May 7, 2026

Following a transformational year for GNL in 2025, when we took deliberate actions to significantly reduce leverage, strengthen our credit profile, and improve the overall quality of our portfolio, we are now positioned to focus on the disciplined recycling of capital into high quality industrial and retail assets.

SEC original ↗Global Net Lease, Inc. — Earnings release (8-K exhibit)EX-99May 7, 2026

We believe this structure will preserve the balance sheet strength we have established, while allowing us to maintain meaningful flexibility to pursue future strategic growth opportunities.

SEC original ↗Global Net Lease, Inc. — Earnings release (8-K exhibit)EX-99May 7, 2026

In addition to the Modiv transaction, we're actively engaged in other transaction activity consistent with our corporate strategy.

SEC original ↗Global Net Lease, Inc. — Earnings release (8-K exhibit)EX-99May 7, 2026

Documents

Earnings deck slides

0 decks with slide view

Global Net Lease, Inc. — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

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