Short answer
Global Net Lease, Inc. (GNL) filed its Q1 2026 10-Q quarterly report on May 6, 2026 for the quarter ended Mar 31, 2026. Quarterly revenue was $109M (down 17.5% year over year) with net income of −$16M.
Q1 2026 key financials · XBRL
- Revenue
- $109M
- −17.5% YoY
- Net income
- −$16M
- +92.0% YoY
- Operating margin
- 28.3%
- EPS (diluted)
- −$0.08
- +90.8% YoY
Source: XBRL data from the Global Net Lease, Inc. (GNL) Q1 2026 10-Q on SEC EDGAR. USD.
Global Net Lease, Inc. Q1 2026 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Revenue $109.3M, down $23.1M YoY from $132.4M, driven by property dispositions
- Industrial & Distribution largest segment at $49.2M revenue; Office lowest decline at $30.6M versus $37.4M YoY
- Net loss attributable to common stockholders $16.0M versus $200.3M; no margin figures disclosed
- Operating cash flow $39.7M versus $59.2M; investing cash flow $70.0M, including $63.1M disposition proceeds
- Gross debt $2.6B versus $3.4B; weighted-average effective interest rate 4.1% versus 4.2%ેણ
Risk Factors
- Newly added merger risk triggered by May 3, 2026 Modiv agreement
- Merger completion risk, including stockholder approval and REIT tax opinions, with termination deadline February 3, 2027
- Termination-fee exposure of $15.0 million if the Merger Agreement ends under specified circumstances
- Integration risk from combining leasing, billing, accounting, payroll, and compliance systems
- Dilution risk from issuing 4,914,532 OpCo Merger Consideration OP Units to Modiv holders
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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