GNL reaffirms $0.80-$0.84 AFFO per share guidance while targeting Q3 close for Modiv deal
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Global Net Lease (GNL) reaffirmed its AFFO per share guidance of $0.80 to $0.84 while targeting a Q3 close for its acquisition of Modiv Industrial. The all-stock deal is expected to be immediately accretive, with a 4% increase in AFFO per share. GNL reported Q1 2026 revenue of $109.3 million and a net loss of $16 million. The company has repurchased 19.7 million shares and reduced G&A expenses by 25% year-over-year. Analysts expressed a positive sentiment regarding the Modiv deal and future growth prospects.
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