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GNLO GLOBAL NET LEASE FOR IMMEDIATE RELEASE GLOBAL NET LEASE REPORTS FIRST QUARTER 2021 RESULTS Company to Host Investor Conference Call Today at 1 PM Eastern New York , May 6 , 2021 - Global Net Lease , Inc. ( NYSE : GNL ) ( “ GNL " or the " Company " ) , a real estate investment trust that focuses on acquiring and managing a globally diversified portfolio of strategically - located commercial real estate properties , announced today its financial and operating results for the quarter ended March 31 , 2021 . First Quarter 2021 and Subsequent Events Highlights ● ● EXHIBIT 99.1 Revenue increased 12.8 % to $ 89.4 million from $ 79.2 million in first quarter 2020 Net loss was $ 0.8 million as compared to net income of $ 5.0 million in first quarter 2020 Net operating income ( " NOI " ) grew 13.9 % to $ 81.8 million from $ 71.9 million in first quarter 2020 Core Funds from Operations ( " Core FFO " ) was $ 38.9 million compared to $ 38.9 million in first quarter 2020 Adjusted Funds from Operations ( " AFFO " ) increased by $ 0.6 million to $ 40.4 million as compared to $ 39.8 million in the prior year quarter AFFO per share was $ 0.44 as compared to $ 0.44 in first quarter 2020 Distributed $ 36.2 million , or $ 0.40 per share , in common dividends to shareholders Ample Liquidity of $ 351.4 million as of March 31 , 2021 , including $ 262.9 million of cash and cash equivalents and $ 88.6 million available for future borrowings under the Company's revolving credit facility , before giving effect to second quarter acquisitions Collected 100 % of first quarter original cash rents , including 100 % from top 20 tenants , as of April 15 , 2021¹ , 2 Portfolio 99.7 % leased with 8.3 years of weighted average remaining lease term³ Contractual rent increases embedded in 93.9 % of leases High quality tenants are 66 % investment grade or implied investment grade4 Acquisitions pipeline of $ 257 millions , consisting of second quarter completed and pending acquisitions , at a going - in capitalization rate of 9.3 % and with 19.4 years of weighted - average remaining lease term7 Subsequent to quarter end , closed on acquisition of 841,000 square foot McLaren Group headquarters for $ 236 million with 20 - Year NNN leases and minimum 1.25 % and maximum 4.00 % annual rent escalators Lease renewals completed and under non - binding letter of intent for 626,000 square feet that extend weighted - average remaining lease term to 10.6 years from 4.2 years for 1.7 % of the portfolio if the non - binding letter of intent leads to a definitive agreement , which is not assured . " Our first quarter results build on the strength of our best - in - class , mission critical portfolio , " said James Nelson , CEO of GNL . " Rent collection remains at nearly 100 % and supported outperformance of Adjusted EBITDA , Cash NOI and AFFO compared to last year . Our $ 257 million forward pipeline , at a going - in cap rate of 9.3 % , will continue to provide us a path to accretive earnings growth . We are particularly excited about the recent acquisition of the McLaren headquarters and proud to have them as a true partner in this state - of - the - art facility . We have ample liquidity to pursue additional accretive acquisitions to continue build on the outstanding performance of our best - in - class global portfolio . "