Global Net Lease Inc. (GNL) has published the transcript of its Third Quarter 2025 Earnings Call. The event featured remarks from the company's Chief Executive Officer and Chief Financial Officer, with the Assistant Vice President facilitating the discussion. During the call, management highlighted GNL's progress since its internalization two years ago, outlining key achievements such as streamlining the portfolio, reducing leverage, and lowering the cost of capital. "Since the Internalization, we have set ambitious and transformative strategic goals to streamline our portfolio, reduce leverage, and lower our cost of capital. We have consistently exceeded these objectives and are already yielding measurable benefits," said the Chief Executive Officer. The company emphasized the positive results of its prudent disposition program, which has focused on selling non-core assets and using the proceeds to reduce debt and improve portfolio quality. This strategy has culminated in GNL earning an investment-grade corporate credit rating from Fitch Ratings. Looking ahead, management indicated a cautious approach to acquisitions given current market conditions, stating, "Being a buyer in the current environment isn't particularly compelling to us given higher seller expectations, elevated borrowing costs, and cap rates that remain tight, making it difficult to justify many acquisition opportunities as compared to the immediate benefit of continuing with the announced share repurchase program." The full transcript can be accessed through the link below.