Earnings ·
Reports Q3 AFFO of $0.22 per share and raises full-year guidance to $0.83-$0.85
GNLGlobal Net Lease, Inc.
Global Net Lease reported a net loss attributable to common stockholders of $67.1 million, or $(0.31) per diluted share, for the quarter ended September 30, 2026, compared to a $71.1 million loss in the prior-year period. Adjusted Funds from Operations (AFFO) were $48.3 million, or $0.22 per share, down from $53.2 million, or $0.24 per share, primarily due to asset dispositions. The company closed its $535 million acquisition of Modiv Industrial and fully integrated the portfolio, increasing industrial exposure to 51% of straight-line rent. Management raised full-year AFFO per share guidance to a range of $0.83 to $0.85 from the previous $0.82 to $0.85. The company also repurchased 6.6 million shares for $58.5 million in the quarter and maintained liquidity of $863.3 million with no debt maturing until late 2027. Global Net Lease is a publicly traded real estate investment trust that acquires and manages a global portfolio of income-producing net lease assets.