Quarterly ResultAug 5, 2026, 04:18 PM
Global Net Lease Raises FY26 AFFO Guidance to $0.82-$0.85; Modiv Acquisition Nears
AI Summary
Global Net Lease, Inc. announced its Q2 2026 financial and operating results, reporting AFFO per share of $0.22. 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. These updates reflect confidence, partly driven by the anticipated acquisition of Modiv Industrial, which is expected to close in mid-August and be immediately 4% accretive to AFFO per share. The company also improved its Net Debt to Adjusted EBITDA to 6.6x and increased liquidity to $919 million.
Key Highlights
- Reported Q2'26 AFFO per share of $0.22.
- Raised full-year 2026 AFFO per share guidance to $0.82 - $0.85.
- Increased full-year 2026 Gross Transaction Volume guidance to $700M - $800M.
- Net Debt to Adjusted EBITDA improved to 6.6x from 7.2x in Q1'26.
- Increased liquidity to $919M and Revolving Credit Facility capacity to $1.3B.
- Closed plus disposition pipeline totaled $263M year-to-date, with 78% office sales.
- Repurchased 20.9 million shares for $169.7M under the share repurchase program.
- Modiv Industrial acquisition expected to close mid-August 2026, projected 4% accretive to AFFO per share.
Price Impact
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