Global Net Lease cut debt and sold assets to focus on industrial and retail properties, but remains undervalued despite improvements.

Global Net Lease, Inc. (GNL) is transforming from a criticized externally managed REIT into a streamlined net lease company through nearly $3 billion in asset sales since its merger with RTL, including a $1.7 billion strip center divestiture. The company has reduced leverage from 8.3x to a pro forma 6.5x, with further reductions expected, while shifting its portfolio toward industrial and single-tenant retail properties. Despite these structural and financial improvements, GNL’s share price stood at $8.08 on September 17, 2025, with a high trailing P/E of 116.60, indicating market skepticism. A bullish outlook on ValueInvestorsClub.com suggests the company’s ongoing deleveraging, portfolio simplification, and operational focus could drive long-term value.