Global Net Lease files amended 8-K with pro forma financials for Modiv deal
GNL•Pro forma results and purchase price estimate
The filing also provides pro forma operating results for the year ended Dec. 31, 2025, showing revenue from tenants of USD 244.7 million and a net loss attributable to common stockholders of USD 24.05 million.
For the six months ended June 30, 2026, the pro forma results show revenue from tenants of USD 539.04 million and a net loss attributable to common stockholders of USD 183.35 million.
The transaction uses a preliminary purchase price estimate of USD 543.98 million, including USD 227.47 million of equity consideration and USD 316.51 million of cash used to repay Modiv debt and preferred stock funded through GNL’s revolving credit facility.
Amended filing updates pro forma financials for Modiv acquisition
Global Net Lease filed an amended Form 8-K/A to update unaudited pro forma condensed combined financial information tied to its Aug. 12, 2026 acquisition of Modiv Industrial.
The filing presents a pro forma combined balance sheet as of June 30, 2026, reflecting total assets of USD 4.63 billion and total liabilities of USD 2.9 billion, as if the deal had closed on that date.
