Quarterly ResultAug 5, 2026, 04:24 PM
Global Net Lease Q2 AFFO $0.22/share; Raises FY Guidance & Modiv Acquisition
AI Summary
Global Net Lease reported Q2 2026 AFFO per share of $0.22 and significantly improved its net loss to $7.5 million. The company raised its full-year 2026 AFFO per share guidance to $0.82 – $0.85 and increased its gross transaction volume guidance to $700 million – $800 million. The acquisition of Modiv Industrial is expected to close in mid-August 2026 and is projected to be immediately 4% accretive to AFFO per share, further expanding GNL's industrial asset exposure.
Key Highlights
- Full-year 2026 AFFO per share guidance raised to $0.82 – $0.85.
- Full-year 2026 Gross Transaction Volume guidance increased to $700M – $800M.
- Modiv Industrial acquisition expected to be 4% accretive to AFFO per share.
- Q2 2026 AFFO per share was $0.22.
- Q2 2026 Net loss attributable to common stockholders improved to $7.5 million.
- Net Debt to Adjusted EBITDA improved to 6.6x from 7.2x in Q1 2026.
- Liquidity increased to $919.0 million and Revolving Credit Facility capacity to $1.3 billion.
- Repurchased 20.9 million shares for $169.7 million as of July 31, 2026.
Price Impact
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