Global Net Lease Closes $74M of Dispositions YTD, Modiv Buy to Be 4% AFFO Accretive

Global Net Lease closed $74 million of dispositions since Q1 2026 and said the pending Modiv Industrial acquisition is expected to be 4% accretive to AFFO per share.Key Highlights:Original SEC Filing: Global Net Lease, Inc. [ GNL ] - 8-K - Jun. 29, 2026This is an AI-powered summary. It may contain…

Global Net Lease closed $74 million of dispositions since Q1 2026 and said the pending Modiv Industrial acquisition is expected to be 4% accretive to AFFO per share.

Key Highlights:

Sold $74M of assets since Q1 2026, including $66M of occupied properties at a 7.2% cash cap rate.
Office assets comprised $61M (93%) of occupied sales, reducing office exposure and addressing lease rollover risk.
Year-to-date closed ~$145M of dispositions at a 7.5% cash cap rate on occupied assets, boosting occupancy and portfolio quality.
Under contract to buy a 100k sq ft industrial property for $14M at an 8.2% cash cap rate to redeploy proceeds.
Pending $535M Modiv acquisition expected in Q3 2026, immediately 4% accretive to AFFO/share and leverage neutral.

Original SEC Filing:

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