Quarterly ResultAug 6, 2026, 04:33 PM
Global Net Lease Raises 2026 AFFO Guidance, Modiv Acquisition Expected Mid-Aug
AI Summary
Global Net Lease reported Q2 2026 financial results, including AFFO of $0.22 per share. The company raised its full-year 2026 AFFO per share guidance to $0.82-$0.85 and gross transaction volume guidance to $700 million-$800 million, primarily driven by the anticipated Modiv acquisition closing in mid-August 2026. GNL also continued its capital recycling strategy, with $263 million in closed and pending dispositions and strategic acquisitions, while improving its balance sheet.
Key Highlights
- Q2 2026 AFFO per share was $0.22, up from $0.21 in Q1 2026.
- Full-year 2026 AFFO per share guidance raised to $0.82-$0.85.
- Gross transaction volume guidance increased to $700 million-$800 million.
- Modiv acquisition expected to close mid-August 2026, projected 4% accretive to AFFO per share.
- Closed and pending dispositions totaled $263 million, with $145 million closed at 7.6% cash cap rate.
- Repurchased 20.9 million shares for $169.7 million through July 31, 2026.
- Net Debt to Adjusted EBITDA improved to 6.6x at Q2 2026 from 7.2x at Q1 2026.
- Liquidity of approximately $919 million as of June 30, 2026.
Price Impact
More from GNL