Global Net Lease (GNL) Q2 FY26 earnings call

Global Net Lease delivered a quarter of disciplined execution, highlighted by the anticipated Modiv acquisition which is expected to be 4% accretive to AFFO per share and enhance the portfolio's industrial exposure. The company continued its capital recycling strategy, monetizing non-core office assets at attractive cap rates while selectively acquiring high-quality industrial properties. Management remains focused on deleveraging, strategic acquisitions, and opportunistic share repurchases to drive long-term shareholder value.