Global Net Lease Inc 2025年季度报告

(Mark One) QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period endedSeptember30, 2025ORTRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Global Net Lease, Inc. (Exact name of registrant as specified in its charter) 45-2771978 (Stateorother jurisdiction ofincorporationororganization) (I.R.S.EmployerIdentificationNo.) 650Fifth Ave.,30thFloor,NewYork,NY10019______________________________________________________________________________ _____________________________________________________________________________ (Addressofprincipalexecutiveoffices) (Zip Code) (332)265-2020 (Registrant’stelephonenumber,includingareacode) Securities registered pursuant to section 12(b) of the Act:Title of each class Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities ExchangeAct of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) hasbeen subject to such filing requirements for the past 90 days.Yes☒No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant toRule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant wasrequired to submit such files).Yes☒No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reportingcompany, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reportingcompany,” and “emerging growth company” in Rule 12b-2 of the Exchange Act. Large accelerated filer☒Non-accelerated filer☐ Accelerated filer☐Smaller reporting company☐Emerging growth company☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).☐Yes☒NoAs of November3, 2025, the registrant had219,231,945shares of common stock outstanding. GLOBAL NET LEASE, INC. INDEX TO CONSOLIDATED FINANCIAL STATEMENTS PagePART I - FINANCIAL INFORMATIONItem 1. Financial StatementsConsolidated Balance Sheets as ofSeptember30, 2025 (Unaudited) and December 31, 2024 (Unaudited)2Consolidated Statements of Operations for the Three andNineMonths EndedSeptember30, 2025 and 2024 (Unaudited)3Consolidated Statements of ComprehensiveLossfor the Three andNineMonths EndedSeptember30, 2025 and 2024(Unaudited)4Consolidated Statements of Changes in Equity for the Three andNineMonths EndedSeptember30, 2025 (Unaudited)5Consolidated Statements of Changes in Equity for the Three andNineMonths EndedSeptember30, 2024 (Unaudited)7Consolidated Statements of Cash Flows for theNineMonths EndedSeptember30, 2025 and 2024 (Unaudited)9Notes to Consolidated Financial Statements (Unaudited)11Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations41Item 3. Quantitative and Qualitative Disclosures About Market Risk58Item 4. Controls and Procedures58PART II - OTHER INFORMATIONItem 1. Legal Proceedings60Item 1A. Risk Factors60Item 2. Unregistered Sales of Equity Securities and Use of Proceeds60Item 3. Defaults Upon Senior Securities60Item 4. Mine Safety Disclosures60Item 5. Other Information60Item 6. Exhibits60Signatures62 GLOBAL NET LEASE, INC. CONSOLIDATED BALANCE SHEETS(In thousands, except share and per share data)(Unaudited) GLOBAL NET LEASE, INC. CONSOLIDATED STATEMENTS OF OPERATIONS(In thousands, except share and per share data)(Unaudited) GLOBAL NET LEASE, INC. CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS(In thousands)(Unaudited) GLOBAL NET LEASE, INC. CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY(In thousands, except share data)(Unaudited) GLOBAL NET LEASE, INC. CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY(In thousands, except share data)(Unaudited) The accompanying notes are an integral part of these consolidated financial statements. GLOBAL NET LEASE, INC. CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY(In thousands, except share data)(Unaudited) The accompanying notes are an integral part of these consolidated financial statements. GLOBAL NET LEASE, INC. CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY(In thousands, except share data)(Unaudited) The accompanying notes are an integral part of these consolidated financial statements. GLOBAL NET LEASE, INC. CONSOLIDATED STATEMENTS OF CASH FLOWS(In thousands)(Unaudited) GLOBAL NET LEASE, INC. CONSOLIDATED STATEMENTS OF CASH FLOWS(In thousands)(Unaudited) The accompanying notes are an integral part of these consolidated f