GNL · Global Net Lease, Inc.
Market Cap
$1.93B
Shares
210.93M
Price & Indicators
20d MA
50d MA
200d MA
Earnings
Filing
Insider
Congress
Investor day
Close$9.16
Open$9.18
Day$9.14–9.23
52W close$7.55–9.96
Avg vol 30d2.4M
Short int12.4M · 5.9% float · 3.3d
Short vol72%
Last earningsAug 6, 2026
DataJan 2020–Aug 2026
Filing10-Q · Aug 5
Up next
Next earnings call
Nov 5, 2026
Est · unconfirmed
· in 9 wks
FQ3-26 quarter ends
~Sep 30, 2026
Est
filed Aug 5, 2026
AI Brief
TL;DR.
Bullish
Bearish
From the call
AI-generated from the earnings call and 8-K · may contain errors · not investment advice
Equibles Rating
blended score · not investment adviceOverall
Buy
SellHoldBuy
Technical
Buy
Momentum
Neutral
Sentiment
Bearish
Fundamentals
Strong
Quant / Vol
Very Low
Market backdrop
VIX 14.4 · calm
Equity put/call 0.62
Technical
price trend
50 / 200-day cross
No cross
Price vs 200-day avg
+1%
above
Price vs 50-day avg
+2%
above
RSI (14)
55
neutral
MACD trend
Positive
52-week position
67%
mid-range
Volume (OBV)
Confirms
volume backs price
Momentum
relative strength
1-month return
+5%
trailing
6-month return
−3%
trailing
YTD return
+7%
this year
Relative strength
−16%
vs S&P · 6-mo
Sentiment
smart money
Trend (MA cross)
No cross
50d $9 › 200d $9 — 200d above 50d
Institutional flow
Distributing
-4% holders QoQ · +39 funds added
Insider flow
Flat
No net insider activity over 90 days
Short interest
Rising
5.90% of float · ▲ +10.7% MoM · 3.3 days cover
Volume signal
Normal
Volume near normal
Institution breadth
Steady
343 holders — mid 3-yr range
Squeeze score
63
elevated · 0–100
Fundamentals
Revenue growth
−13%
Y/Y
EPS growth
−59%
Y/Y
Free cash flow
$205.4M
Buyback
$300.0M
authorized
Balance sheet
$102.4M
net cash
Quant / Vol
risk profile
Volatility
22%
annualized · 1-yr
Max drawdown
−14%
past year
ATR
2.0%
of price · 14-day
Blended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.
Guidance & track record
Latest guidance
· from the 8-K filed Aug 5, 2026
AFFO Per Share
· Full Year 2026
Non-GAAP
Raised
$0.82 – $0.85
Mar 31, 2026
$0.80 – $0.84
changed to
Aug 5, 2026
$0.82 – $0.85
Gross Transaction Volume
· Full Year 2026
Maintained
$700M – $800M
Jun 30, 2026
$700M – $800M
changed to
Aug 5, 2026
$700M – $800M
Prior guidance
period ended
· from the 8-K filed Nov 5, 2025
Adjusted Funds from Operations (AFFO) per share
· Full-Year
$0.95 – $0.97
Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.
Technicals
trend & momentum for long-term holders Buy
50 / 200-day cross
No cross
Neutral
Price vs 200-day avg
+1%
Bullish
Price vs 50-day avg
+2%
Bullish
RSI (14)
55
Neutral
MACD trend
Positive
Bullish
52-week position
67%
Neutral
Volume (OBV)
Confirms
Neutral
Market signals — smart money & positioning
Bearish · 2 of 6
Trend (MA cross)
No cross
50d $9 › 200d $9 — 200d above 50d
Institutional flow
Distributing
-4% holders QoQ · +39 funds added
Insider flow
Flat
No net insider activity over 90 days
Short interest
Rising
5.90% of float · ▲ +10.7% MoM · 3.3 days cover
Volume signal
Normal
Volume near normal
Institution breadth
Steady
343 holders — mid 3-yr range
Price context
position in its 52-week range
Range low $8
Now $9 · 67%
Range high $10
vs 200-day avg +1%
vs 50-day avg +2%
Illustrative technical + ownership context — a signal mix, not investment advice.
Key metrics
the company's own KPIs, from written earnings releases and filings| Metric | Latest | Period | YoY |
|---|---|---|---|
| Adjusted EBITDA non-GAAP | 88.82M | Three Months Ended June 30, 2026 | — |
|
|
|||
GAAP → non-GAAP reconciliationGAAP EBITDA 88.59M
+3.7M Impairment charges
+3.94M Equity-based compensation
+6.56M Merger, transaction and other costs
-23.25M Gain on dispositions of real estate investments
+302K Loss on derivative instruments
-1.82M Unrealized (gains) losses on undesignated foreign currency advances and other hedge ineffectiveness
+11.91M Loss on extinguishment and modification of debt
-275K Other income
+773K Write offs of straight-line rent
-1.62M Discontinued operations adjustments
= Adjusted EBITDA 88.82M
|
|||
| Adjusted funds from operations (AFFO) attributable to common stockholders non-GAAP | 45.7M | Three Months Ended June 30, 2026 | — |
|
|
|||
GAAP → non-GAAP reconciliationGAAP Core FFO attributable to common stockholders 32.41M
+3.94M Non-cash equity-based compensation
+2.27M Non-cash portion of interest expense
+1.09M Amortization related to above- and below-market lease intangibles and right-of-use assets, net
+378K Straight-line rent
-1.82M Unrealized (gains) losses on undesignated foreign currency advances and other hedge ineffectiveness
-59K Eliminate unrealized (gains) losses on foreign currency transactions
+8.69M Amortization of discounts on mortgages and senior notes
-1.04M Eliminate (gains) losses related to multi-tenant disposition receivable
-154K Forfeited disposition deposit
= Adjusted funds from operations (AFFO) attributable to common stockholders 45.7M
|
|||
| AFFO per diluted common share non-GAAP | $0.22 | second quarter 2026 | — |
|
|
|||
| annualized G&A expense | $51.69M | FY2026 Q2 | -6.0% |
|
|
|||
| Annualized SL Rent | $390.84M | Q2 2026 | — |
| Availability under the Revolving Credit Facility | $765.4M | as of June 30, 2026 | — |
| Capital expenditures | $3.4M | six months ended June 30, 2026 | — |
| Cash NOI non-GAAP | 100.54M | Three Months Ended June 30, 2026 | — |
|
|
|||
GAAP → non-GAAP reconciliationGAAP NOI 99.08M
+1.09M Amortization related to above- and below-market lease intangibles and right-of-use assets, net
+378K Straight-line rent
= Cash NOI 100.54M
|
|||
| Cash Paid for Interest non-GAAP | 27.86M | Three Months Ended June 30, 2026 | — |
|
|
|||
| Common shares outstanding | 210.95M | As of June 30, 2026 | — |
| Core FFO attributable to common stockholders non-GAAP | 32.41M | Three Months Ended June 30, 2026 | — |
|
|
|||
GAAP → non-GAAP reconciliationGAAP FFO (as defined by NAREIT) attributable to common stockholders $13.93M
+$6.56M Merger, transaction and other costs
+$11.91M Loss on extinguishment and modification of debt
+$0K Discontinued operations Core FFO adjustments
= Core FFO attributable to common stockholders $32.41M
|
|||
| Core FFO per diluted common share non-GAAP | $0.15 | Three Months Ended June 30, 2026 | — |
|
|
|||
| Cost of shares repurchased in second quarter 2026 | $11.1M | second quarter 2026 | — |
| Dividend yield - annualized, based on quarter end share price | 8.5% | three months ended June 30, 2026 | — |
|
|
|||
| Dividends declared to common stockholders | $40.64M | Q2 2026 | — |
| Dividends per share - second quarter | $0.19 | three months ended June 30, 2026 | — |
| FFO (defined by NAREIT) non-GAAP | 13.93M | Three Months Ended June 30, 2026 | — |
|
|
|||
GAAP → non-GAAP reconciliationGAAP Net (loss) income attributable to common stockholders (in accordance with GAAP) -$7.45M
+$3.7M Impairment charges
+$41.51M Depreciation and amortization
-$23.25M (Gain) loss on dispositions of real estate investments
-$573K Discontinued operations FFO adjustments
= FFO (as defined by NAREIT) attributable to common stockholders $13.93M
|
|||
| FFO per diluted common share non-GAAP | $0.07 | Three Months Ended June 30, 2026 | — |
|
|
|||
| Interest coverage ratio non-GAAP | 3.2 | second quarter 2026 | — |
|
|
|||
| Leased | 97% | As of June 30, 2026 | — |
|
|
|||
| Liquidity | 919.02M | As of June 30, 2026 | — |
|
|
|||
| Net debt to annualized adjusted EBITDA | 6.6 | As of June 30, 2026 | — |
|
|
|||
| Net debt to gross asset value | 46.4% | As of June 30, 2026 | — |
|
|
|||
| Net leased properties | 798 | As of June 30, 2026 | — |
| Net Operating Income | $99.08M | the three months ended June 30, 2026 filing | — |
| Net Operating Income - Industrial & Distribution | $46.05M | the three months ended June 30, 2026 filing | — |
| Net Operating Income - Office | $26.86M | the three months ended June 30, 2026 filing | — |
| Net Operating Income - Retail | $26.17M | the three months ended June 30, 2026 filing | — |
| New straight-line rent | $5.1M | second quarter 2026 | — |
|
|
|||
| NOI non-GAAP | 99.08M | Three Months Ended June 30, 2026 | — |
|
|
|||
| Number of properties | 798 | As of June 30, 2026 | — |
| Office occupancy | 99% | second quarter 2026 | — |
|
|
|||
| Portfolio occupancy | 97% | second quarter 2026 | — |
|
|
|||
| Renewal leasing spread | 5.6% | second quarter 2026 | — |
|
|
|||
| Revolving Credit Facility capacity | $1.3B | second quarter 2026 | — |
|
|
|||
| Shares repurchased in second quarter 2026 | 1.2M | second quarter 2026 | — |
| Shares repurchased under Share Repurchase Program | 20.9M | as of July 31, 2026 | — |
| Shares repurchased year-to-date under Share Repurchase Program | 20.9M | as of July 31, 2026 | — |
| Square feet leased | 357,000 | second quarter 2026 | — |
|
|
|||
| Square footage | 39.7M | As of June 30, 2026 | — |
|
|
|||
| Total cost of shares repurchased under Share Repurchase Program | $169.7M | as of July 31, 2026 | — |
| Weighted average annual rent increase | 1.4% | second quarter 2026 | — |
|
|
|||
| Weighted average renewal term | 8.4 | second quarter 2026 | — |
|
|
|||
| Weighted average repurchase price | $8.11 | as of July 31, 2026 | — |
| Weighted-average debt maturity | 2.7 | As of June 30, 2026 | — |
|
|
|||
| Weighted-average interest rate cost | 4.1% | As of June 30, 2026 | — |
|
|
|||
| Weighted-average remaining lease term | 5.7 | As of June 30, 2026 | — |
|
|
|||
| annualized straight-line rent coming from investment-grade or implied investment-grade tenants | 64% | first quarter 2026 | — |
| closed plus disposition pipeline | $132M | year-to-date | — |
| Common shares outstanding as of March 31, 2026 | 212.03M | As of March 31, 2026 | — |
| Future Minimum Base Rent Payments (Total) | $2.35B | As of March 31, 2026 | — |
| Number of Leases Expiring (Total) | 869 | As of March 31, 2026 | — |
| percentage of debt that is fixed rate (including variable rate debt fixed with swaps) | 99% | As of March 31, 2026 | — |
| portfolio contains contractual rent increases based on annualized straight-line rent | 87% | As of March 31, 2026 | — |
| portfolio leased | 97% | As of March 31, 2026 | — |
| portfolio’s annualized straight-line rent derived from investment grade and implied investment g | 64% | As of March 31, 2026 | — |
| remaining weighted-average lease term | 5.9 | As of March 31, 2026 | — |
| shares of outstanding common stock repurchased | 19.7M | as of May 1, 2026 | — |
| shares repurchased | 4.2M | first quarter 2026 | — |
| Total Annualized Base Rent (Total Portfolio) | $397.85M | As of March 31, 2026 | — |
| Total cash paid for interest non-GAAP | $27.89M | Three Months Ended March 31, 2026 | — |
GAAP → non-GAAP reconciliationGAAP Interest expense - continuing operations 39.19M
+0K Interest Expense - discontinued operations
-2.26M Non-cash portion of interest expense
-9.04M Amortization of discounts on mortgages and senior notes
= Total cash paid for interest 27.89M
|
|||
| Total Non-Recourse Debt | $1.27B | As of March 31, 2026 | — |
| AFFO per common share non-GAAP | $0.22 | Q4 FY2025 | — |
| Common shares outstanding as of December 31, 2025 | 216.02M | Q4 2025 | — |
| Core FFO per common share non-GAAP | $0.08 | Q4 FY2025 | — |
| EBITDA non-GAAP | 147.68M | Q4 FY2025 | — |
GAAP → non-GAAP reconciliationGAAP Net income (loss) 48.18M
+44.44M Depreciation and amortization
+42.63M Interest expense
+12.43M Income tax expense
+0K Discontinued operations adjustments
= EBITDA 147.68M
|
|||
| Gross asset value | $5.31B | Q4 2025 | — |
| Leased percentage | 97% | Q4 2025 | — |
| Net debt | 2.5B | Q4 2025 | — |
| New straight-line rent from leasing | 33.9M | Full Year 2025 | — |
| Number of Leases (Total) | 882 | As of December 31, 2025 | — |
| Number of net leased properties | 820 | Q4 2025 | — |
| Percentage of annualized straight-line rent from investment grade and implied investment grade t | 66% | Q4 2025 | — |
| Shares repurchased in fourth quarter 2025 | 4.5M | Three Months Ended December 31, 2025 | — |
| Total consolidated debt | $2.65B | Q4 2025 | — |
| Weighted average lease term for new leases | 5.2 | Full Year 2025 | — |
Figures exactly as the company stated them in writing · click a metric with a to chart its history · period links open the stating document · "filing" marks figures stated in the 10-K/10-Q · YoY needs an exactly comparable prior-year period
Versus peers
REIT - Diversified — same industry group| Company | Mkt cap | YTD | Rev growth Y/Y | P/E | Short % shares |
|---|---|---|---|---|---|
|
GNL
this stock
Global Net Lease, Inc.
|
$1.93B | +6.5% | -13.1% | — | 5.9% |
|
VICI
Vici Properties Inc.
|
$28.48B | -8.0% | +4.1% | 10.0 | 2.4% |
|
WPC
W. P. Carey Inc.
|
$16.06B | +9.6% | +8.4% | — | 3.8% |
|
BNL
Broadstone Net Lease, Inc.
|
$4.05B | +21.4% | +5.2% | 27.8 | 10.5% |
|
AAT
American Assets Trust, Inc.
|
$1.38B | +18.5% | -4.7% | 77.3 | 2.0% |
Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding
At a glance
key data from every sectionOwnership
Short & Settlement
Financials
Filings
Performance
| 5D | 20D | 120D | MTD | YTD | |
|---|---|---|---|---|---|
| GNL | +1.3% | +5.1% | -2.6% | +5.1% | +6.5% |
| SPY | +0.5% | +3.0% | +13.4% | +3.0% | +12.8% |
| vs SPY | +0.9% | +2.1% | -16.0% | +2.1% | -6.3% |
Capital returns
Latest dividend
$0.19
/ share · ex Jul 13, 2026
Paid (TTM)
$0.76
/ share · 4 payouts
Dividend yield (TTM, derived)
8.30%
Buyback program
· as of Jun 30, 2026
Authorized
$300.00M
Spent (derived)
—
Remaining
—
Dividends per share over the trailing 365 days by ex-date · buyback figures as last reported in SEC filings ("spent" derived as authorized − remaining; when several programs run concurrently, authorized is their combined total per the newest filing) · components shown separately — trailing-year buyback spend isn't tracked, so no combined shareholder yield is derived.
Key facts
CIK
1526113
CUSIP
379378201
13F (30d)
249 filings
237 filers
Visit website
Investor relations