Global Net Lease Inc. reported third quarter 2025 revenue of $121.0 million, down from $138.7 million in the same period of 2024, primarily due to asset dispositions including a multi-tenant retail portfolio sale. The company recorded a net loss attributable to common stockholders of $71.1 million, compared to a net loss of $76.6 million in the third quarter of 2024. Global Net Lease reduced net debt by $2.0 billion since the third quarter of 2024 and increased liquidity to $1.1 billion. The company executed a $1.8 billion refinancing of its revolving credit facility, lowering its cost of capital and extending weighted average debt maturity. Year-to-date, 12.1 million shares were repurchased at a weighted average price of $7.59, totaling $92 million. Full-year AFFO per share guidance was raised to a range of $0.95 to $0.97. Fitch Ratings upgraded the company's corporate credit rating to investment-grade BBB- from BB+.