Global Net Lease Q2 FY26 net loss narrows to $7.5 million; revenue falls to $112.5 million
GNL•Balance sheet and outlook
- Net debt to adjusted EBITDA improved to 6.6x from 7.2x in Q1; liquidity rose to USD 919 million with revolving credit facility capacity of USD 1.3 billion.
- Raised 2026 non-GAAP AFFO per share guidance to USD 0.82-0.85; Modiv Industrial deal seen closing mid-August, expected to be 4% accretive.
Quarterly results and operating metrics
- Global Net Lease posted Q2 revenue of USD 112.5 million, down 9.93% from a year earlier on prior asset dispositions.
- Net loss attributable to common stockholders narrowed to USD 7.5 million; net loss per diluted share improved to USD 0.04.
- Non-GAAP AFFO fell to USD 45.7 million, or USD 0.22 per share, from USD 53.1 million, or USD 0.24 per share.
