The earnings call highlighted substantial progress in financial performance, credit rating upgrades, and strategic sales and refinancing. However, the company faced challenges with its net loss and share price, along with an ongoing need to reduce office exposure. Despite these lowlights, the positive developments and strategic improvements suggest a cautiously optimistic outlook.

Company Guidance

During the second quarter of 2025, Global Net Lease, Inc. (GNL) achieved significant milestones in alignment with their strategic goals of optimizing the portfolio, reducing leverage, and enhancing financial flexibility. The company completed a $1.8 billion sale of its multi-tenant retail portfolio, positioning itself as a pure-play single-tenant net lease company. This transaction improved several key metrics, including increasing occupancy to 98%, expanding the annualized NOI margin by 800 basis points, and raising the percentage of leases with rent escalators to 88%. The sale also bolstered liquidity to $1 billion and contributed to a credit rating upgrade by S&P. Additionally, GNL reduced its gross debt by $2 billion year-over-year, and achieved a net debt to adjusted EBITDA ratio of 6.6x. The company's actions have led to a reduction in annual recurring G&A expenses by approximately $6.5 million and generated $30 million in annual capital expenditure savings. Furthermore, GNL repurchased 10.2 million shares, capitalizing on an AFFO yield of about 12%, while also raising the lower end of their AFFO per share guidance to a range of $0.92 to $0.96 for the remainder of 2025.

Successful Sale of Multi-Tenant Retail Portfolio

Completed $1.8 billion sale of multi-tenant retail portfolio to RCG Ventures, reducing annual G&A by $6.5 million, generating $30 million in annual capital expenditure savings and streamlining operations.

Corporate Credit Rating Upgrade

S&P Global upgraded GNL's corporate credit rating to BB+ from BB and raised issuer level rating on unsecured notes to BBB- from BB+.

Improved Financial Metrics

Occupancy increased to 98% from 97%, NOI margin expanded by 800 basis points, and rent escalators increased to 88% from 81%.

Successful Debt Refinancing

Refinanced revolving credit facility, securing improved pricing, enhanced liquidity, and extended weighted average debt maturity to 3.7 years from 2.9 years.

Significant Reduction in Gas and Convenience Store Exposure

Reduced portfolio exposure to gas and convenience stores from 5.3% to 2.1%, with further reduction expected.

Improved Debt Metrics

Net debt to adjusted EBITDA ratio decreased to 6.6x from 8.1x, and weighted average interest rate reduced to 4.3% from 4.7%.

Global Net Lease (GNL) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

GNL Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Nov 05, 2025	2025 (Q3)	-0.07 / -	-0.33	―	―	―
Aug 06, 2025	2025 (Q2)	-0.11 / -0.19	-0.2	5.00% (+0.01)
May 07, 2025	2025 (Q1)	-0.10 / -0.87	-0.15	-480.00% (-0.72)
Feb 27, 2025	2024 (Q4)	-0.10 / -0.08	-0.26	69.23% (+0.18)
Nov 06, 2024	2024 (Q3)	- / -0.33	-1.11	70.27% (+0.78)
Aug 06, 2024	2024 (Q2)	- / -0.20	-0.3	33.33% (+0.10)
May 07, 2024	2024 (Q1)	- / -0.15	-0.06	-150.00% (-0.09)
Feb 27, 2024	2023 (Q4)	- / -0.26	-0.17	-52.94% (-0.09)
Nov 07, 2023	2023 (Q3)	- / -1.11	0.09	-1333.33% (-1.20)
Aug 03, 2023	2023 (Q2)	-0.02 / -0.30	-0.06	-400.00% (-0.24)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

GNL Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Aug 06, 2025	$6.85	$7.47	+9.05%
May 07, 2025	$7.34	$7.65	+4.22%
Feb 27, 2025	$7.14	$7.59	+6.30%
Nov 06, 2024	$7.24	$7.26	+0.28%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Global Net Lease (GNL) report earnings?

Global Net Lease (GNL) is schdueled to report earning on Nov 05, 2025, Before Open (Confirmed).

What is Global Net Lease (GNL) earnings time?

Global Net Lease (GNL) earnings time is at Nov 05, 2025, Before Open (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is GNL EPS forecast?

GNL EPS forecast for the fiscal quarter 2025 (Q3) is -0.07.

Become an Expert with TipRanks Premium

What am I Missing?

Make informed decisions based on Top Analysts' activity

Know what industry insiders are buying

Get actionable alerts from top Wall Street Analysts

Find out before anyone else which stock is going to shoot up

Get powerful stock screeners & detailed portfolio analysis

Subscribe Now See Plans & Pricing