Financial Data and Key Metrics Changes - For Q4 2025, the company recorded revenue of $117 million and net income attributable to common stockholders of $37.2 million [14] - AFFO was $48.5 million, or $0.22 per share for Q4 2025, and $0.99 per share for the full year, exceeding the revised guidance range of $0.95-$0.97 [14][18] - The outstanding debt balance was $2.6 billion at the end of 2025, a reduction of $2.1 billion from the end of 2024, with a Net Debt to Adjusted EBITDA ratio of 6.7x [15][16] Business Line Data and Key Metrics Changes - The company executed a $1.8 billion multi-tenant retail portfolio sale, which was a significant milestone in its disposition program, contributing to a total of approximately $3.4 billion in asset sales [5][6] - The sale of the McLaren Campus generated approximately $108 million of value above its original acquisition price, increasing the proportion of investment-grade tenants among the top 10 tenants to 80% [6][7] - The portfolio's occupancy stood at 97%, with a weighted average remaining lease term of 6.1 years, and 66% of tenants had an investment-grade or implied investment-grade rating [10] Market Data and Key Metrics Changes - The company noted a strong performance in leasing, executing leases on more than 3.7 million sq ft during 2025, achieving renewal spreads of approximately 12% above expiring rents [11] - The average annual contractual rental increase was 1.4%, excluding the impact of 19.6% of the portfolio with CPI-linked leases that historically experienced higher increases [11] Company Strategy and Development Direction - The company is evolving from a strategy focused on deleveraging and dispositions to one centered on the accretive recycling of capital, with a focus on selective asset sales and redeploying proceeds into single-tenant, industrial, and retail acquisitions [9][21] - The management emphasized the importance of maintaining a disciplined approach to capital allocation, balancing share repurchases with strategic acquisitions [8][19] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's position for future growth, highlighting a clear path to earnings growth driven by disciplined capital recycling and continued deleveraging [20] - The company is currently evaluating multiple redeployment opportunities that can be funded within its existing capital framework [10][19] Other Important Information - The company repurchased 17.2 million shares for a total of $135.9 million at a weighted average price of $7.88, representing an implied AFFO yield of approximately 12% [8][18] - Initial guidance for 2026 is set at AFFO in the range of $0.80-$0.84 per share, with a focus on reducing office exposure [18][19] Q&A Session Summary Question: Perspective on the McLaren office sale - The sale was driven by a third-party inquiry rather than a highly marketed transaction, reflecting the asset's strong brand and quality [27] Question: Replicating pricing for additional office sales - Management believes the net lease office portfolio can achieve similar pricing to the McLaren sale and is actively marketing several office assets [28] Question: Capital allocation strategy - The buyback remains an important tool, and management will continue to evaluate opportunities for both share repurchase and acquisitions [30] Question: Strategy for office asset dispositions - The focus is on highlighting the implied value of the office portfolio while intentionally marketing properties to unlock value [39] Question: Transaction guidance breakdown - Management clarified that the guidance reflects a balance of continued deleveraging and earnings growth through opportunistic share repurchases and acquisitions [41] Question: Cap rates and acquisition targets - While specific cap rates were not disclosed, management emphasized a focus on accretion and maintaining strong relationships with developers and brokers for acquisition opportunities [44] Question: Office lease expirations and discussions - The majority of 2026 office lease expirations are concentrated in Europe, with ongoing positive discussions with tenants [82]

Global Net Lease (NYSE:GNL) Q4 2025 Earnings call February 26, 2026 11:00 AM ET Company ParticipantsChris Masterson - Chief Financial OfficerCraig Kucera - Managing Director, Equity ResearchJay Kornreich - Vice President, REIT Equity ResearchJohn Kim - Managing Director, Equity Research (REITs)Jordan Schonfeld - Vice President, Investor RelationsMichael Gorman - Managing Director, REITsMichael Weil - Chief Executive Officer and PresidentMitch Germain - Managing DirectorUpal Rana - Director, Equity ResearchN ...

Global Net Lease (NYSE:GNL) Q4 2025 Earnings call February 26, 2026 11:00 AM ET Speaker8Good afternoon, and welcome to the Global Net Lease's fourth quarter and full year 2025 earnings conference call. At this time, all participants are in a listen-only mode. A brief question-and-answer session will follow the formal presentation. If anyone should require operator assistance during the conference, please press star zero on your telephone keypad. As a reminder, this conference is being recorded. I would now ...

Global Net Lease Fourth Quarter 2025 Investor Presentation Pictured: Home Depot in Lake Park, Georgia Forward Looking Statements This presentation contains statements that are not historical facts and may be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding the timing, ability to consummate and consideration related to our anticipated acquisitions and dispositions, the intent, belief or current expectations of us, our operat ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _________ to __________ Commission file number: 001-37390 Global Net Lease, Inc. (Exact name of registrant as specified in its charter) Maryland 45-2771978 (State ...

EXHIBIT 99.2 Please note that totals may not add due to rounding. Forward-looking Statements: The statements in this supplemental package of Global Net Lease, Inc. (the "Company") that are not historical facts may be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward- looking statements involve risks and uncertainties that could cause the outcome to be materially different. The words such as "may," "will," "seeks," "anticipates," "believes," ...

– Company Exceeds Full-Year 2025 AFFO Guidance – Reduced Net Debt by $2.2 Billion and Improved Net Debt to Adjusted EBITDA From 7.6x to 6.7x in 2025 – Repurchased 17.2 Million Shares at a Weighted Average Price of $7.88, Totaling $135.9 Million Since Launch of Repurchase Program in February 2025 – Sold McLaren Campus for £250 Million, Approximately £80 Million Above Original Purchase Price – Corporate Credit Rating Upgraded to Investment-Grade – Introduces Initial 2026 Financial Guidance; Focus on Reducing ...

The Invesco KBW Premium Yield Equity REIT ETF (NASDAQ: KBWY) aims to provide investors with an above-average income yield. The exchange-traded fund's (ETF) strategy is to invest in smaller real estate investment trusts (REITs). It weights these REITs by yield, which enables it to generate lots of dividend income to distribute to investors. Here's a look at how this REIT ETF investment can beat the market. Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best sto ...

Core Viewpoint - Global Net Lease, Inc. (GNL) is set to release its financial results for Q4 and the full year of 2025 on February 25, 2026, after market close [1] Group 1: Financial Results Announcement - The financial results will be discussed in a conference call on February 26, 2026, at 11:00 a.m. ET, led by GNL's management team [2] - A question-and-answer session will follow the prepared remarks during the conference call [2] Group 2: Conference Call Details - Dial-in instructions for the conference call include a toll-free number for domestic calls (1-877-407-0792) and an international dial-in (1-201-689-8263) [4] - A replay of the conference call will be available from February 26, 2026, at 2:00 p.m. ET until May 26, 2026 [4] Group 3: Company Overview - Global Net Lease, Inc. is a publicly traded internally managed real estate investment trust focusing on acquiring and managing income-producing net lease assets globally, particularly in the U.S. and Western and Northern Europe [5]

Core Viewpoint - Global Net Lease, Inc. (GNL) is a real estate investment trust (REIT) focused on acquiring and managing a diverse portfolio of income-producing net lease assets, operating primarily in the U.S. and Europe [1] Group 1: Stock Performance - Cantor Fitzgerald initiated coverage on GNL with an "Overweight" rating, indicating a positive outlook and suggesting that GNL will outperform the average market return [2][6] - GNL's current stock price is $9.41, reflecting a slight increase of $0.08, or approximately 0.86%, with fluctuations between $9.30 and $9.47 during the trading day [4][6] - Over the past year, GNL's stock has experienced a high of $9.66 and a low of $6.51, indicating market volatility [4] Group 2: Market Capitalization and Trading Activity - GNL has a market capitalization of approximately $2.06 billion, highlighting its significant presence in the real estate sector [5] - The trading volume for GNL today is 1,575,070 shares, suggesting active investor interest [5] Group 3: Dividend Tax Classification - GNL announced that all dividends paid in 2025 are classified as nondividend distributions, which may have tax implications for shareholders [3][6]