Mergers & Acquisitions ·
Global Net Lease, Inc. completed its acquisition of Modiv Industrial, Inc. on August 12, 2026, pursuant to a merger…
GNL-PEGlobal Net Lease, Inc.
Global Net Lease, Inc. completed its acquisition of Modiv Industrial, Inc. on August 12, 2026, pursuant to a merger agreement dated May 3, 2026. Under the transaction terms, each share of Modiv common stock converted into 1.975 shares of GNL common stock, while Modiv preferred shares were redeemed for $25.00 per share plus accrued dividends. GNL issued approximately 20,387,757 new common shares and paid roughly $42.3 million in cash consideration, funded by borrowings under its existing revolving credit facility. The acquisition adds a primarily industrial portfolio valued at an approximate 7.6% cash cap rate and is expected to be immediately 4% accretive to adjusted funds from operations per share on a leverage-neutral basis. GNL operates as a real estate investment trust focused on acquiring and managing global net lease assets.