GNL

Over the past six months, Global Net Lease completed the $535 million acquisition of Modiv Industrial on August 13, 2026, which was expected to boost AFFO per share by 4% and increase industrial exposure to 50% of rent. On August 5, 2026, GNL reported strong second-quarter 2026 results, with revenue exceeding estimates, rising AFFO, increased full-year AFFO guidance, and improved net debt-to-EBITDA due to share buybacks. GNL announced common and preferred stock dividends in Q4 2026, but concerns about dividend sustainability and refinancing risk, exacerbated by high Treasury yields, have impacted the stock, especially given historical dividend cuts. The stock experienced negative technical momentum, declining by 6.88% in the ten days leading up to September 30, 2026, and further declined in late September and early October 2026 due to broader real estate sector weakness and high Treasury yields. During the first half of 2026, GNL sold 22 properties for $144.8 million, and on October 7, 2026, it was reported that director Leon Richardson received part of his pay in GNL shares.