GNL — what changed in the latest 10-Q

Text added vs the prior filing · source: 10-Q · 2026-08-05

• Net loss attributable to common stockholders was $7.5 million for the three months ended June 30, 2026, as compared to $35.1 million for the three months ended June 30, 2025. The change in net loss attributable to common stockholders is discussed in detail for each line item of the consolidated stat…

• loss of revenue from dispositions primarily resulted from the sale of two groups of properties that were leased by two of our former tenants. There was minimal impact from the year-over-year change in average exchange rates during the three months ended June 30, 2026, when compared to the same perio…

• Total Industrial & Distribution revenue for the three months ended June 30, 2026 included approximately $4.0 million of termination fees.

• Revenue from tenants in our Office segment was $30.8 million and $34.6 million for the three months ended June 30, 2026 and 2025, respectively. The decrease in the second quarter of 2026, when compared to the same period last year, was primarily driven by the net loss of revenue of approximately $5.…

• Total Office revenue for the three months ended June 30, 2026 included approximately $2.0 million of payments received from former tenants to settle their lease obligations related to the condition and restoration of the leased space upon move-out.

Text removed vs the prior filing · source: 10-Q · 2026-05-06

• Comparison of the Three Months Ended March 31, 2026 and 2025

• Net loss attributable to common stockholders was $16.0 million for the three months ended March 31, 2026, as compared to $200.3 million for the three months ended March 31, 2025. The change in net loss attributable to common stockholders is discussed in detail for each line item of the consolidated …

• from the year-over-year change in average exchange rates during the three months ended March 31, 2026, when compared to the same period last year.

• Revenue from tenants in our Retail segment was $29.5 million and $37.0 million for the three months ended March 31, 2026 and 2025, respectively. The decrease was primarily driven by the loss of revenue of approximately $7.6 million from dispositions, partially offset by an increase in revenue from o…

• During the three months ended March 31, 2026, we determined that six of our properties located in the U.S. had an estimated fair value that was lower than the carrying value of the properties, based on the estimated selling price less selling costs of such properties, and as a result, we recorded im…

Text added vs the prior filing · source: 10-Q · 2026-08-05

• Except as set forth in Part II Item 1A of the Quarterly Report on Form 10-Q filed with the SEC on May 6, 2026, there have been no material changes to the risk factors set forth in the Annual Report on Form 10-K for the year ended December 31, 2025, and we direct you to those risk factors.

• An adverse outcome in any litigation or other legal proceedings instituted against us, Modiv or our respective directors relating to the proposed Mergers could have a material adverse impact on the businesses of GNL and Modiv and may prevent the Mergers from becoming effective within the expected ti…

• As of the date of this report, Modiv has received multiple demand letters from, and is aware of two complaints that have been filed on behalf of, purported Modiv stockholders in connection with the Mergers. The letters and complaints allege certain disclosure deficiencies in the preliminary proxy st…

• Potential litigation related to the Mergers may result in injunctive or other relief prohibiting, delaying or otherwise adversely affecting the parties’ ability to complete the Mergers. Such relief may prevent the Mergers from becoming effective within the expected timeframe or at all. In addition, …

Text removed vs the prior filing · source: 10-Q · 2026-05-06

• You should carefully consider the risks described below and those risks described in “Item 1A, Risk Factors” in Part I of our Annual Report on Form 10-K for the year ended December 31, 2025, as our business, financial condition and results of operations could be adversely affected by any of the risk…

• The announcement and pendency of the Mergers may have an adverse effect on our business, operating results and price of our common stock.

• We are subject to risks in connection with the announcement and pendency of the Mergers, including, but not limited to, the following:

• •Market reaction to the announcement and pendency of the Mergers;

• •Changes in our business, operating results, market price of our common stock and prospects generally;