Global Net Lease's corporate credit rating has been upgraded to BBB- from BB+ by Fitch Ratings. The upgrade reflects the company's successful execution of value-enhancing initiatives, including strategic dispositions of approximately $3 billion in assets, which reduced debt, strengthened the balance sheet, and streamlined operations. This positions the company for long-term success.
Global Net Lease, Inc. (NYSE: GNL) has received a significant boost to its financial profile with Fitch Ratings upgrading its corporate credit rating to investment-grade BBB- from BB+ on October 17, 2025. This upgrade is a testament to the company's strategic initiatives aimed at improving its balance sheet and operational efficiency.
The upgrade was driven by several key moves, including the disposition of approximately $3.0 billion in assets during fiscal years 2024 and 2025. This included the sale of its multi-tenant retail portfolio for around $1.8 billion in June 2025. Additionally, GNL successfully refinanced its revolving credit facility in August 2025, extending the weighted average debt maturity and lowering the cost of capital.
These strategic moves have positioned GNL as a pure-play single tenant net lease real estate investment trust, with a high-quality asset portfolio and a strong tenant base, primarily comprised of investment-grade tenants. This portfolio is expected to generate stable and predictable cash flows, enhancing long-term financial resilience.
Michael Weil, CEO of GNL, expressed pride in achieving this milestone and attributed the upgrade to the company's consistent execution of strategic initiatives and disciplined capital strategy. He believes this upgrade reflects the company's ability to strengthen its balance sheet and overall credit profile, creating sustained value for shareholders.
This upgrade comes with a forward-looking perspective, as GNL continues to navigate market conditions, capital availability, and potential future acquisitions or dispositions. The company will continue to update investors on any risks and uncertainties through its filings with the U.S. Securities and Exchange Commission.
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