Global Net Lease

Global Net Lease has completed the acquisition of Modiv Industrial for about $535 million, acquiring a U.S. industrial net-lease portfolio. The transaction was valued at a cash cap rate of roughly 7.6% and a GAAP cap rate of 8.7%. The industrial sector rises to about 50% of straight-line rental income, and the weighted average remaining lease term increases to 6.6 years pro forma. GNL expects an immediate positive impact on adjusted AFFO per share of around 4% at neutral leverage. » Więcej na de.investing.com

Global Net Lease reported revenue of $112.5 million for Q2 2026, surpassing consensus expectations. AFFO rose to $45.7 million ($0.22 per share) and management raised the full-year AFFO per share guidance to $0.82–$0.85. The company reduced leverage, announced progress on portfolio restructuring and asset sales, and expects the planned acquisition of Modiv Industrial to have a positive impact on AFFO. The stock rose about 5.1% in after-hours trading; the company continues share buybacks and offers a dividend yield of 8.82%. » Więcej na de.investing.com

Global Net Lease reported Q1 2026 revenue of $109.3 million and AFFO of $43.9 million ($0.21 per share), ended the quarter with $911 million of liquidity and 97% portfolio occupancy. The company announced a planned all-stock acquisition of Modiv Industrial (fixed exchange ratio 1.975) expected to close in Q3 2026, immediately accretive to AFFO per share by ~4% and requiring no new external capital. Management said the deal will raise industrial exposure to about 50%, extend weighted average lease term to 6.7 years and support continued reduction of office exposure. Global Net Lease reaffirmed full-year 2026 AFFO guidance of $0.80–$0.84 and net debt to adjusted EBITDA guidance of 6.5x–6.9x. » Więcej na finance.yahoo.com