Global Net Lease Reports First Quarter 2026 Results
GNL reported Q1 AFFO of $0.21 per share and reaffirmed full-year guidance of $0.80-$0.84, while announcing a definitive agreement to acquire Modiv Industrial for $535 million in an all-stock transaction expected to be immediately accretive. The company reduced net debt by $1.3 billion year-over-year and increased liquidity to $911 million, repurchasing $158.2 million of shares year-to-date.
Key figures
- Revenue
- 109286000
- Guidance
- AFFO Per Share $0.80 to $0.84; Net Debt to Adjusted EBITDA 6.5x to 6.9x (reaffirmed)
- Revenue Yoy
- -17.5%
- Deal Value Usd
- 535000000
- Affo
- 43896000
- Liquidity
- 911100000
- Affo per share
- 0.21
- Net debt reduction
- 1300000000
- Repurchase spend ytd
- 158200000
- Shares repurchased ytd
- 19700000
AI analysis
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