Global Net Lease Q4 revenue falls 15% due to asset dispositions

Global Net Lease

25/02/2026 22:05

Overview

Real estate investment trust's Q4 revenue fell yr/yr due to asset dispositions

 Global Net Lease exceeded company's full-year 2025 AFFO guidance

Company repurchased 17.2 mln shares totaling $135.9 mln since Feb 2025

Outlook

Global Net Lease expects 2026 AFFO per share of $0.80 to $0.84

Company aims to reduce office exposure and redeploy capital into industrial and retail assets

Global Net Lease forecasts net debt to adjusted EBITDA of 6.5x to 6.9x for 2026

Result Drivers

ASSET DISPOSITIONS - Revenue decline attributed to asset sales, including the Multi-Tenant Retail Portfolio

MCLAREN CAMPUS SALE - Sale generated significant gain, improving net income

DEBT REDUCTION - Reduced net debt by $2.2 billion, improving leverage metrics

Company press release: ID:nGNX8j0ZW

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Revenue From Tenants
$116.95 mln
Q4 Net Income
$37.25 mln
Q4 Core FFO
$48.52 mln
Q4 NAREIT FFO
$13.10 mln
Q4 Adjusted FFO Per Share
$0.22


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy", 3 "hold" and 1 "sell" or "strong sell"

The average consensus recommendation for the commercial reits peer group is "buy"

Wall Street's median 12-month price target for Global Net Lease Inc is $9.75, about 0.9% above its February 24 closing price of $9.66

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)