Global Net Lease completes $535 million acquisition of Modiv Industrial

Reuters2026/08/13 10:01

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Global Net Lease completed its acquisition of Modiv Industrial on Aug. 12, 2026, adding a primarily industrial portfolio valued at USD 535 million.
Assets were bought at about a 7.6% cash cap rate, about an 8.7% GAAP cap rate.
Transaction is expected to be immediately 4% accretive to AFFO per share on a leverage-neutral basis.
Industrial exposure rises to about 50% of straight-line rent; pro forma weighted average remaining lease term extends to 6.6 years.
Modiv shareholders received 1,975 new GNL shares per Modiv common share; Modiv preferred converted to USD 25 cash plus accrued dividends.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Global Net Lease Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202608130600PRIMZONEFULLFEED9809044) on August 13, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Global Net Lease completes $535 million acquisition of Modiv Industrial

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