Girard Sharp Law Firm Investigates Potential Securities Claims for Former Necessity Retail REIT Investors Who Received Global Net Lease Shares

Girard Sharp Law Firm is investigating potential securities claims on behalf of former Necessity Retail REIT investors who received Global Net Lease shares in a September 2023 acquisition. The investigation focuses on alleged misrepresentations and omissions in the offering materials regarding the combined company's financial condition. The share price of Global Net Lease has declined by over 33% since the acquisition. Former Necessity Retail investors who received Global Net Lease shares are encouraged to contact Girard Sharp for a free consultation.

SAN FRANCISCO, July 2, 2025 (GLOBE NEWSWIRE) -- Girard Sharp, LLP, a national investment, securities, and class action firm, has announced an investigation into potential securities claims on behalf of former investors of Necessity Retail REIT, Inc. (“Necessity Retail”) who received shares of Global Net Lease, Inc. (“Global Net Lease” or the “Company”) in connection with Global Net Lease’s acquisition of Necessity Retail on September 12, 2023 (“Merger”).

Global Net Lease, a real estate investment trust (REIT), focuses on acquiring and managing a global portfolio of income-producing net lease assets across the U.S., and Western and Northern Europe. According to the Company, it specializes in “strategically-located commercial real estate properties,” primarily mission-critical, single tenant net-lease assets.

The offering materials for the Merger presented projections for the combined Company’s Adjusted Funds From Operations (“AFFO”) for each year between 2024 and 2028. AFFO is a metric that REITs use to assess their ability to generate cash to support shareholder distributions. The Offering Materials projected AFFO for the combined Company of $399.8 million and $409.0 million for 2024 and 2025, respectively.

Since the date of the Merger, September 12, 2023, Global Net Lease’s share price has declined by over 33%. Girard Sharp’s investigation focuses on whether the Offering Materials may have included misrepresentations and omissions concerning the Company’s financial condition.

The investigation is encouraging former Necessity Retail investors who received Global Net Lease shares in the September 2023 Merger to contact Girard Sharp for a free consultation. The firm’s attorneys have a history of obtaining multimillion-dollar recoveries for victims of unfair and deceptive practices in antitrust, financial fraud, and consumer protection matters.

References:
[1] https://www.globenewswire.com/news-release/2025/07/17/3117102/0/en/INVESTIGATION-NOTICE-Girard-Sharp-Law-Firm-Encourages-Former-Necessity-Retail-REIT-Inc-NASDAQ-RTL-Investors-Who-Received-Global-Net-lease-Inc-NYSE-GNL-Shares-in-Connection-With-Glo.html
[2] https://www.nasdaq.com/press-release/investigation-notice-girard-sharp-law-firm-encourages-former-necessity-retail-reit
[3] https://www.morningstar.com/news/globe-newswire/9496108/investigation-notice-girard-sharp-law-firm-encourages-former-necessity-retail-reit-inc-nasdaqrtl-investors-who-received-global-net-lease-inc-nysegnl-shares-in-connection-with-global-net-leases-acquisition-of-necessity-retail-in-september-2023-to-contact-the-firm