- CEO
- Edward Michael Weil Jr.
- Full Time Employees
- 73
- Sector
- Real Estate
- Industry
- REIT - Diversified
- Address
- 650 Fifth Avenue New York City NY United States of America 10019
- IPO Date
- Sep 7, 2017
- Business
- Global Net Lease, Inc. (NYSE: GNL) is a publicly traded real estate investment trust that acquires, owns and actively manages a globally diversified portfolio of single-tenant net lease properties leased to creditworthy, investment-grade and implied investment-grade tenants; the portfolio, totaling approximately 852 properties and 43 million rentable square feet as of September 30, 2025, spans industrial & distribution (48% of annualized straight-line rent), retail (26%) and office (26%) segments across the United States, Canada, the United Kingdom and continental Europe including the Netherlands, Finland, Germany, France, Luxembourg, Channel Islands and Italy. The company, founded in 2011 and headquartered at 650 Fifth Avenue, 30th Floor, New York, NY, focuses on mission-critical real estate assets under long-term leases with a weighted average remaining term of 6.2 years and 97% occupancy, generating stable income through disciplined underwriting, proactive tenant management and contractual rent escalators on 87% of the portfolio including CPI-linked increases. Geographically, 70% of annualized straight-line rent derives from U.S. and Canada properties while 30% comes from Europe, with key tenants including FedEx, Lowe's, GE Aviation, GXO Logistics and PFB Corporation.
In February 2025, Global Net Lease entered a binding agreement to sell its $1.8 billion multi-tenant retail portfolio of 100 non-core properties to a subsidiary of RCG Ventures Holdings, LLC at an 8.4% cash cap rate, a transaction expected to close in phases through Q2 2025 that accelerates deleveraging, simplifies operations and transitions the company to a pure-play single-tenant net lease platform; this forms part of a broader disposition initiative launched in 2024 totaling nearly $3 billion in sales of short-lease, non-core assets at a blended 7.7% cash cap rate on single-tenant dispositions. The company reduced net debt by $2.0 billion since Q3 2024 to $2.9 billion, improved its net debt to Adjusted EBITDA ratio from 8.0x to 7.2x, refinanced its $1.8 billion revolving credit facility at a lower 35 basis point spread to cut the weighted average interest rate to 4.2%, and increased liquidity to $1.1 billion with $1.2 billion revolver capacity. In conjunction, the board authorized and executed a $300 million share repurchase program, buying back 12.1 million common shares year-to-date through October 2025 at a weighted average price of $7.59 totaling $92 million, while Fitch Ratings upgraded the corporate credit rating to investment-grade BBB- from BB+ reflecting enhanced financial flexibility; full-year 2025 AFFO per share guidance was raised to $0.95-$0.97, with recent leasing activity capturing over 1.0 million square feet, 26% renewal spreads and $10.5 million in new straight-line rent.