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Global Net Lease, Inc.
🏹 Trader: 🎯 Near 52W High 💎 VCP Breakout | BRS 75 Ready View all →
$2.0B
Market Cap
52.0
P/E
PEG
0.3%
ROCE
-11.7%
ROE
1.54
D/E
3.3%
OPM
-3.2%
% from 52W High
65
α RS
🔍 GNL is showing a near-52W-high setup because it's within 3.2% of its 52-week high, Sector RRG has Real Estate in the Improving quadrant with the trail still strengthening, and RS Rating is 65. Net: Broad signal stack, not a recommendation. ? 52W High RRG RS Rating
Sources
3.2% from 52W high · Real Estate in Improving quadrant · RS Rating 65
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🌏 Global Investor Returns
Currency-adjusted total returns for GNL including FX impact
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📈 Price History
Ratio Health
Excellent
Good
Average
Poor
By Category
📊 Sector Averages
About

Global Net Lease, Inc. is a publicly traded internally managed real estate investment trust that focuses on acquiring and managing a global portfolio of income producing net lease assets across the U.S., and Western and Northern Europe.

Key Ratios Snapshot
📈 Growth Pattern
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⭐ Superinvestors Holding GNL
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Manager Shares Value % of Fund Period
Jim Simons Renaissance Technologies LLC 1.37M $12.8M 0.02% Mar 2026

SEC Form 13F data. 45-day lag from quarter end.

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3-Statement Financial Model
Bear / Base / Bull projections · DCF fair value · Reverse-DCF
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📊 MIXED GNL Q1 2026: $109.3M revenue, $0.21 AFFO/share, 809 properties, 97% occupancy
Revenue & Profitability
Q1 2026 revenue was $109.3 million, with a net loss attributable to common stockholders of $16 million. AFFO was $43.9 million, or $0.21 per share. Annualized G&A expense decreased 25% year-over-year to $49 million. Capital expenditures declined to $1.6 million from $9.8 million in Q1 2025. The company reaffirmed full-year 2026 AFFO per share guidance of $0.80-$0.84 and net debt to Adjusted EBITDA guidance of 6.5x-6.9x.
Outlook
Management expressed confidence in the company's performance and reaffirmed 2026 guidance. They noted improving fundamentals in the U.S. office market and active redevelopment opportunities in Europe. The office portfolio continues to perform well with 100% rent collection, and the company expects to maintain high occupancy through proactive tenant engagement. No specific macro headwinds were discussed, but management emphasized disciplined, selective capital deployment.
Growth Drivers
Key growth levers include the planned all-stock acquisition of Modiv Industrial, expected to be immediately accretive by approximately 4% to AFFO per share, extend the weighted average lease term to 6.7 years, and increase industrial exposure to 50%. Capital recycling through dispositions of office assets (e.g., a GSA-leased property at a 7.2% cash cap rate) and acquisitions of industrial assets (e.g., a Fortune 50 tenant property at an 8.2% cash cap rate) is expected to drive earnings growth. Opportunistic share repurchases (19.7 million shares at a weighted average price of $8.05) also contribute.
Balance Sheet & CapEx
Capital expenditures in Q1 2026 were $1.6 million, down significantly from $9.8 million in Q1 2025, reflecting a more streamlined portfolio. The company is investing in artificial intelligence to enhance tenant analytics and transaction underwriting, enabling the absorption of the Modiv portfolio without additional headcount. No specific CapEx guidance for 2026 was provided.
Margins
Not discussed directly. However, management highlighted a 25% year-over-year reduction in annualized G&A expense to $49 million and the ability to absorb the Modiv portfolio without headcount increase, indicating operating leverage. AFFO per share guidance of $0.80-$0.84 for 2026 and the expectation of 4% accretion from the Modiv transaction reflect margin improvement potential.
Key Risks
Management noted that the net debt to Adjusted EBITDA ratio was 7.2x at Q1 2026, above the 2026 guidance range of 6.5x-6.9x due to timing of dispositions, but they expect to remain within the range. Office concentration is being reduced but remains a focus. No single tenant exceeds 6% of total straight-line rent. Potential market flux in acquisition pipelines was mentioned in Q&A as a factor influencing timing of future deals.
Generated by AI · Q1 2026 results · Not investment advice
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✓ 📞 Earnings Call Transcripts (5 quarters) submit a missing quarter
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📞 Earnings Call Transcripts (5)
Q2 2026 Q2 2026 2026-08-06
Q2 2026 saw strong execution on portfolio repositioning, highlighted by the pending Modiv Industrial acquisition, reduced office exposure, and increased industrial weighting. AFFO per share guidance was raised, leverage improved, and share repurchases continued at a discount.
Q1 2026 Q1 2026 2026-05-07
Announced a leverage-neutral, accretive acquisition of Modiv Industrial, boosting industrial exposure and reducing office concentration. Q1 2026 saw improved occupancy, reduced expenses, and reaffirmed AFFO guidance, with continued disciplined capital recycling and share repurchases.
Q4 2025 Q4 2025 2026-02-26
2025 saw a major transformation with $3.4B in asset sales, significant deleveraging, and a shift to a pure-play, single-tenant net lease REIT. AFFO exceeded guidance, credit ratings improved, and 2026 will focus on capital recycling, reducing office exposure, and selective acquisitions.
Q3 2025 Q3 2025 2025-11-06
Investment-grade rating achieved after major portfolio streamlining and $3B in dispositions, reducing net debt by $2B. Q3 revenue was $121M with AFFO of $0.24/share; guidance for 2025 AFFO per share raised to $0.95-$0.97. Share repurchases prioritized over acquisitions.
Q2 2025 Q2 2025 2025-08-07
Q2 2025 saw a $1.8B retail portfolio sale, credit rating upgrades, and improved leverage. AFFO guidance was raised, with strong liquidity, active share repurchases, and a focus on strategic asset dispositions and portfolio optimization.
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📊 Analysis Methodology

This comprehensive investment analysis was conducted using The Finmagine™ Stock Analysis & Ranking Methodology, a proprietary framework that systematically evaluates stocks across five critical dimensions: Financial Health, Growth Prospects, Competitive Positioning, Management Quality, and Valuation.

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Financial Model
Projections are built from each company's audited annual financials (Income Statement, Balance Sheet, Cash Flow) over the last 5 fiscal years. Forward assumptions — revenue growth %, EBITDA margin, D&A (USD millions), interest expense, tax rate, and capex — are AI-generated using historical context and refreshed twice a year: after the December results season and after the September/Q4 results season.

DCF Valuation
Fair Value = Σ(FCFt / (1+WACC)t) + Terminal Value. Terminal Value uses the Gordon Growth Model: FCF5 × (1+g) / (WACC−g). Default WACC: 10% (US risk-free ~4.5%, equity risk premium ~5.5%). Default terminal growth: 3% (long-run US nominal GDP proxy).

CAGR Tracker
Expected 5-year CAGR = (DCF Fair Value / Current Price)1/5 − 1. Assumes fair value is reached in exactly 5 years — a mechanical estimate only.

Data Sources & Limitations
Financial statements sourced from public filings. Prices updated daily. Forward assumptions are AI-generated. All monetary values in USD millions. Non-US ADR companies may have currency conversion inaccuracies. Models are point-in-time and do not update intra-quarter or account for M&A, macro shocks, or extraordinary items.

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Investment Risk:
Investing in securities, including US equities and ETFs, involves inherent risks including the potential loss of principal. All investments are subject to market fluctuations, economic conditions, regulatory changes, and other factors that may affect their value. Past performance is not indicative of future results. This analysis is provided for informational and educational purposes only and should not be construed as investment advice under any circumstances.

No Investment Recommendation:
This analysis does not constitute, nor should it be interpreted as, an offer, solicitation, or recommendation to buy, sell, or hold any securities or financial products. Investors are strongly advised to conduct their own independent research and due diligence and to consult with a licensed financial advisor or an SEC-registered investment adviser before making any investment decisions, taking into account their individual financial situation, risk tolerance, and investment objectives.

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Conflict of Interest Disclosure:
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Information Sources:
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