GNL at a glance
Global Net Lease, Inc. (GNL, SEC CIK 1526113) filed its latest 10-K annual report on February 25, 2026, a 10-Q quarterly report on August 5, 2026, an 8-K current report on October 1, 2026 and Form 4 insider filings as recently as October 5, 2026. SignalX summarizes each filing with AI and tracks the company's insider trades and institutional holders.
- For the fiscal year ended December 31, 2025 (FY2025), Global Net Lease, Inc. (GNL) reported revenue of $495.3 million (down 38.5% from FY2024) and a net loss of $269.2 million. Diluted EPS was -$1.21.
- As of June 30, 2026, 31 institutional investment managers tracked by SignalX reported holding Global Net Lease, Inc. (GNL) shares worth $903.3 million in 13F-HR filings.
Source: SEC EDGAR (XBRL financial data, 13F-HR and Form 4 filings).
- Revenue · FY2025
- $495.3M
- −38.5% vs prior year
- Insiders · 90 days
- 0 buys · 0 sells
- No open-market trades
- 13F holders
- 31 funds
- $903.3M · −1 vs prior quarter
- Latest 8-K
- Oct 1, 2026
- Item 7.01
AI 10-K Annual Report Analysis
Latest 10-K, fiscal year ended Dec 31, 2025
Business Overview
- Core business model: REIT focusing on global portfolio of net lease income-producing properties in U.S., Canada, Western and Northern Europe
- New emphasized segment: Strategic disposition of 99 multi-tenant retail properties sold for $3.3 billion, reported as discontinued operations
- Strategic shift: Prioritized leverage reduction via select dispositions including Multi-Tenant Retail Portfolio sale, maintaining focus on investment grade tenants and stable cash flows
- Quantitative metric: Portfolio 820 properties, 40.7 million rentable sq ft, 97% leased, weighted-average lease term 6.1 years, 66% rental income from investment grade tenants
- Noteworthy fact: Operates in ten countries with tenant base across 71 industries, no single industry exceeds 10% of rental income on straight-line basis
Risk Factors
- Interest rate risk with 20% Finland mortgage variable exposure despite 80% fixed via pay-fixed swaps
- Geopolitical risk from Finland properties’ mortgage subject to EUR interest rate variability on Revolving Credit Facility
- Operational risk from reliance on Revolving Credit Facility with 100% USD portion variable interest exposure
- Competitive threat from potential changes in borrowing costs impacting acquisition financing and leverage management
- Leverage risk from total consolidated debt $2.6B with mix of fixed-rate 2.2%-5.8% and variable-rate 3.4%-5.1% obligations
Management Discussion & Analysis
- No profitability or margin % changes reported in this section
- No cash flow, buybacks, dividends, or capex amounts mentioned
- Interest rate sensitivity: 1% change shifts debt fair value by +$53.5M/-$51.8M; unhedged variable debt interest expense changes by ~$480.3M per 1% rate move
- Foreign currency risk management noted; net foreign currency forward contracts liability $4.3M as of Dec 31, 2025; future minimum foreign rents $606.3M (EUR, GBP, CAD combined)
AI summary of the GNL 10-K filed . Generated from the filing text; verify against the original.View on SEC EDGARHow to read a 10-K
AI 10-Q Quarterly Report Analysis
Latest 10-Q, quarter ended Jun 30, 2026
Management Discussion & Analysis
- Q2 revenue $112.5M vs $124.9M YoY, down $12.4M
- Best segment Industrial & Distribution revenue $51.7M, including $4.0M termination fees
- Worst segment Retail revenue $30.0M vs $35.4M, down $5.4M YoY
- Net loss attributable to common stockholders $7.5M vs $35.1M YoY
- Gross debt $2.5B vs $3.1B, weighted-average interest rate 4.1% vs 4.3% YoY
Risk Factors
- Newly added merger-litigation risk triggered by multiple demand letters and two stockholder complaints alleging proxy disclosure deficiencies
- Most material update: potential injunctions or adverse rulings could delay or block the Mergers
- Regulatory and compliance risk centered on SEC-filed preliminary proxy statement dated June 1, 2026
- Operational risk from merger-defense costs diverting management attention and key personnel
- Financial risk from $300.0 million share-repurchase authorization, with $130.699 million remaining after 1,215,980 repurchases
AI summary of the GNL 10-Q filed . Generated from the filing text; verify against the original.View on SEC EDGAR10-K vs 10-Q vs 8-K
AI 8-K Current Report Analysis
The most recent material events, by 8-K item
Item 7.01: Regulation FD Disclosure
- Standard forward-looking statement disclaimer under Regulation FD
- Investors should apply heightened uncertainty to potential acquisitions, dispositions, financing, and operating outcomes
Item EX-99.1: Item EX-99.1
- Fourth-quarter 2026 common dividend declared at $0.190 per share
- Payment date October 16, 2026 for shareholders of record October 12, 2026
Item EX-99.1: Item EX-99.1
- Merger with Modiv Industrial closed August 12, 2026, making Modiv a wholly owned GNL subsidiary
- Preliminary purchase price $543.982M, including $227.468M equity consideration and $316.514M cash-funded debt and preferred repayment
Item 7.01: Regulation FD Disclosure
- Forward-looking statement disclaimer only; no substantive operating, financial, or strategic disclosure
- Potential acquisitions or dispositions remain subject to market conditions, capital availability, and timing
Item EX-99.1: Item EX-99.1
- Quarterly preferred dividends declared across Series A, B, D and E
- Per-share dividends: Series A $0.453125, Series B $0.4296875, Series D $0.46875, Series E $0.4609375
AI summaries of GNL 8-K current reports filed with the SEC. What 8-K item codes mean
SignalX for GNL
Don't miss the next GNL filing
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- Fund moves. Which tracked funds opened, added or cut GNL, by share count.
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Recent Insider Transactions (Form 4)
Latest reported trades by officers, directors and 10% owners
| Insider | Type | Date | Shares | Price |
|---|---|---|---|---|
| Weil Edward M Jr. | F | Oct 1, 2026 | 53,673 | $8.24 |
| Galloway Jesse Charles | F | Oct 1, 2026 | 15,044 | $8.24 |
| Kravel Ori | F | Oct 1, 2026 | 17,049 | $8.24 |
| Masterson Christopher J. | F | Oct 1, 2026 | 19,856 | $8.24 |
| Monahan Michael J. U. | A | Jul 10, 2026 | 1,718 | $9.38 |
| MICHELSON LESLIE D | A | Jul 10, 2026 | 1,568 | $9.38 |
| KAUFFMAN ROBERT I | A | Jul 10, 2026 | 4,055 | $8.94 |
| Richardson Leon | A | Jul 10, 2026 | 1,414 | $8.94 |
Financial SummaryXBRL
| Metric | FY2023 | FY2024 | FY2025 |
|---|---|---|---|
| Profitability | |||
| Revenue | $515.1M | $805.0M | $495.3M |
| Operating Income | -$15.4M | $206.5M | $111.0M |
| Net Income | -$239.3M | -$175.3M | -$269.2M |
| Op. Margin | -3.0% | 25.6% | 22.4% |
| Net Margin | -46.5% | -21.8% | -54.4% |
| Balance Sheet | |||
| Total Assets | - | $7.0B | $4.3B |
| Equity | $2.6B | $2.2B | $1.7B |
| ROE | -9.1% | -8.0% | -16.2% |
| Per Share | |||
| EPS | $-1.71 | $-0.76 | $-1.21 |
| Cash Flow | |||
| Operating CF | $143.7M | $299.5M | $222.8M |
Source: XBRL data in Global Net Lease, Inc. (GNL)'s 10-K filings on SEC EDGAR, in USD. Compare across companies →
13F Fund Holdings: Quarterly Trend
Latest: Q2 2026Aggregate GNL share value held by 13F filers tracked by SignalX, by quarter.
Quarterly totals table
| Quarter | Funds | Total value |
|---|---|---|
| Q2 2026 | 31 | $903.3M |
| Q1 2026 | 32 | $900.1M |
| Q4 2025 | 28 | $797.4M |
| Q3 2025 | 27 | $772.4M |
| Q2 2025 | 29 | $720.2M |
| Q1 2025 | 25 | $486.5M |
| Q4 2024 | 20 | $407.1M |
| Q3 2024 | 16 | $200.2M |
- Two Sigma Investments+3.23M (+127%)
- Morgan Stanley+951.0K (+44%)
- BlackRock+758.7K (+2%)
- Invesco Ltd+479.6K (+13%)
- Citadel Advisors LLC+390.8K (+127%)
- Renaissance Technologies LLC−998.0K (-73%)
- Citigroup−266.3K (-33%)
- D.E. Shaw & Co−194.2K (-50%)
- Dimensional Fund Advisors−157.5K (-6%)
- State Street Corp−128.4K (-1%)
- Blackstone Group−13.5K
Source: 13F-HR filings on SEC EDGAR (aggregated from 208 fund-quarter rows). Reflects only 13F filers tracked by SignalX, not the full institutional ownership universe. How 13F filings work
GNL filing archive
AI analysis pages for each 10-K, 10-Q and 8-K
10-K annual reports
10-Q quarterly reports
Latest 2026 SEC Filings: 10-K, 10-Q, 8-K & Form 4
| Form | Filing date | Period | Analysis | SEC |
|---|---|---|---|---|
| 4 | Oct 5, 2026 | - | - | - |
| 4 | Oct 5, 2026 | - | - | - |
| 4 | Oct 5, 2026 | - | - | - |
| 4 | Oct 5, 2026 | - | - | - |
| 8-K | Oct 1, 2026 | - | Analysis | - |
| 8-K | Sep 30, 2026 | - | Analysis | - |
| 8-K | Sep 17, 2026 | - | Analysis | - |
| 8-K | Sep 11, 2026 | - | Analysis | - |
| 8-K | Aug 13, 2026 | - | Analysis | - |
| 8-K | Aug 6, 2026 | - | Analysis | - |
| 10-Q | Aug 5, 2026 | Jun 30, 2026 | Analysis | |
| 8-K | Aug 5, 2026 | - | Analysis | - |
| 8-K | Aug 5, 2026 | - | Analysis | - |
| 8-K | Jul 16, 2026 | - | Analysis | - |
| 4 | Jul 14, 2026 | - | - | - |
| 4 | Jul 14, 2026 | - | - | - |
| 4 | Jul 14, 2026 | - | - | - |
| 4 | Jul 14, 2026 | - | - | - |
| 4 | Jul 13, 2026 | - | - | - |
| 8-K | Jul 10, 2026 | - | Analysis | - |
| 8-K | Jul 1, 2026 | - | Analysis | - |
| 8-K | Jun 29, 2026 | - | Analysis | - |
| 8-K | Jun 18, 2026 | - | - | - |
| 4 | Jun 16, 2026 | - | - | - |
| 4 | Jun 16, 2026 | - | - | - |
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GNL SEC filings: frequently asked questions
Which institutions hold GNL stock?
As of June 30, 2026, the largest Global Net Lease, Inc. (GNL) holders among the 13F filers tracked by SignalX were BlackRock ($286.7 million), Vanguard Portfolio Management LLC ($183.7 million), State Street Corp ($98.2 million), Vanguard Capital Management LLC ($82.9 million), Two Sigma Investments ($51.6 million). 13F-HR reports are filed up to 45 days after each quarter ends.
What was GNL's revenue in fiscal year 2025?
For the fiscal year ended December 31, 2025 (FY2025), Global Net Lease, Inc. (GNL) reported revenue of $495.3 million (down 38.5% from FY2024) and a net loss of $269.2 million. Diluted EPS was -$1.21. The figures come from the XBRL data in the 10-K.
What are the main risks in GNL's latest 10-K?
In the 10-K filed February 25, 2026, Global Net Lease, Inc. (GNL) flagged: Interest rate risk with 20% Finland mortgage variable exposure despite 80% fixed via pay-fixed swaps. Geopolitical risk from Finland properties’ mortgage subject to EUR interest rate variability on Revolving Credit Facility. (AI summary of the Risk Factors section.)
What did GNL report in its latest 8-K?
Global Net Lease, Inc. (GNL) filed an 8-K on October 1, 2026 reporting Item 7.01 (Regulation FD Disclosure). Standard forward-looking statement disclaimer under Regulation FD.
What are the latest GNL SEC filings?
Global Net Lease, Inc. (GNL) filed its latest 10-K annual report on February 25, 2026, a 10-Q quarterly report on August 5, 2026, an 8-K current report on October 1, 2026 and a Form 4 insider filing on October 5, 2026.
What is GNL's SEC CIK number?
Global Net Lease, Inc. (GNL)'s SEC Central Index Key (CIK) is 1526113. EDGAR lists every GNL filing under that number.
Ask anything about GNL
The research agent reads GNL's filings, financials, insider trades and 13F holders, then answers with sources.