- Business
- Global Net Lease, Inc. (NYSE: GNL) is a publicly traded real estate investment trust that acquires, owns and manages a diversified global portfolio of single-tenant net lease properties, including industrial and distribution facilities, necessity retail and mission-critical office assets; its tenants, primarily investment-grade corporations, cover property taxes, insurance and maintenance under long-term leases with built-in escalations, generating stable cash flows. Founded in 2011 and headquartered in New York City, the company operates across the United States, United Kingdom and Western and Northern Europe, with approximately 852 properties totaling 43 million square feet at 97% occupancy, where 60% of annualized rent derives from investment-grade tenants.
In a major strategic shift, Global Net Lease completed the $1.8 billion phased sale of its 100-property multi-tenant retail portfolio to RCG Ventures Holdings, LLC in June 2025, culminating nearly $3 billion in dispositions since early 2024 to streamline operations, eliminate multi-tenant complexities, reduce annual G&A expenses by $6.5 million and accelerate deleveraging by $2 billion in net debt since Q3 2024. The company refinanced its $1.8 billion revolving credit facility in August 2025, extending maturities to 2030 with two six-month options, lowering interest spreads by 70 basis points from 2024 levels and boosting liquidity to $1.1 billion. These actions drove Fitch Ratings to upgrade GNL to investment-grade BBB- in October 2025, supported an opportunistic $300 million share repurchase program with 12.1 million shares bought back year-to-date for $91.7 million, and prompted raised 2025 AFFO guidance to $0.95-$0.97 per share amid strong leasing activity covering over 1 million square feet in Q3 2025.