Global Net Lease(NYSE) GNL

Global Net Lease, Inc. buys buildings and leases them to businesses. Companies use these leases to free up cash for their operations. These long-term agreements provide steady work spaces for major corporate tenants.

Where the Buildings Are

• Industrial and Distribution: Logistics and manufacturing facilities; accounts for 47% of annualized straight-line rent as of June 30, 2026.
• Retail: Single-tenant retail locations; accounts for 28% of annualized straight-line rent as of June 30, 2026.
• Office: Corporate office spaces; accounts for 25% of annualized straight-line rent as of June 30, 2026.

Buying and Selling Strategy

• Entered an agreement to acquire Modiv in May 2026 to expand the real estate portfolio.
• Completed the sale of 22 properties for $144.8 million during the first half of 2026.
• Acquired one industrial property for $14.1 million subsequent to June 30, 2026.
• Established an equity program in Nov. 2025 to sell up to $300 million in stock.

A Stable Foundation

Global Net Lease manages a 97% leased portfolio with 63.3% of income coming from investment-grade tenants as of June 30, 2026. To help mitigate inflation, 87% of its leases include rent increase provisions that average 1.4% per year.

The Money Trail

• Revenue from tenants was $112.5 million for the quarter ended June 30, 2026.
• Net loss attributable to common stockholders improved to $7.5 million in the second quarter of 2026.
• Total gross debt decreased to $2.5 billion by June 30, 2026, from $3.1 billion one year earlier.
• Interest expense fell to $38.8 million for the three-month period ended June 30, 2026.
• Cash and cash equivalents totaled $153.6 million at the end of June 2026.

Strategic Evolution

Global Net Lease has transitioned into an internally managed trust focused on high-quality properties in the U.S. and Europe. Its shift toward industrial assets and a reduced debt profile reflects its recent operational path.