Global Net Lease, Inc. (NYSE: GNL), a real estate investment trust focused on acquiring and managing a diversified portfolio of single tenant net lease commercial properties in the U.S. and Western Europe, announced today its financial and operating results for the quarter ended June 30, 2016.

Second Quarter 2016 Results and Highlights

• Net Income attributable to stockholders of $15.8 million, or $0.09 per share
• Net Operating Income ("NOI") of $49.7 million, a year-over-year increase of 8.7%
• NAREIT defined Funds from Operations ("FFO") of $39.3 million, or $0.23 per share
• Core Funds from Operations ("Core-FFO") of $39.4 million, or $0.23 per share
• AFFO of $32.4 million, or $0.19 per share, a year-over-year increase of 23.1%
• Rental Income of $51.7 million, a year over year increase of 9.5%
• Payout ratio of 94.7%, based on our annualized second quarter AFFO
• Added to the Russell 2000® Index and Russell® 3000 Index as part of the indexes' annual reconstitution on June 24, 2016

First Six Months 2016 Results and Highlights

• Net Income attributable to stockholders of $22.3 million, or $0.13 per share
• NOI of $99.0 million
• NAREIT defined FFO of $69.3 million, or $0.41 per share
• Core-FFO of $69.2 million, or $0.41 per share
• AFFO of $64.7 million, or $0.38 per share
• Rental Income of $103.2 million

Scott Bowman, Chief Executive Officer and President of GNL, commented, "We are pleased to report another solid quarter driven by our best-in-class portfolio of primarily mission critical assets, as well as continued progress in strengthening the quality of our balance sheet. We continue to benefit from GNL's strategy to access both the US and European real estate and capital markets. This results in outsized spreads between acquisition cap rates and cost of debt, which in turn enhances our interest coverage ratio."

Property Portfolio Composition at June 30, 2016

The Company's diversified property portfolio consisted of 329 net lease properties located in 5 countries and comprising 18.7 million total square feet leased to 86 tenants across 36 industries. The real estate portfolio attributes include:

• 100% Occupancy
• Weighted average remaining portfolio lease term of 10.8 years
• 88.7% of portfolio NOI with contractual rent increases
• 70.1% of NOI derived from investment grade rated or implied investment grade rated tenants
• 60.9% U.S. and 39.1% Europe (based on NOI)
• 54% Office, 30% Industrial / Distribution and 15% Retail (based on an annualized NOI and on foreign currency exchange rates as of June 30, 2016)

"Our portfolio, leased to primarily investment grade tenants on long-duration leases, continues to provide predictable cash flows and allows us to manage beyond short term market uncertainty," said Mr. Bowman. "In the second quarter, the financial markets experienced heightened volatility created by Brexit, the United Kingdom's referendum vote favoring withdrawal from the European Union. Due to our in-place hedging strategy, this resulted in a minimal impact to our net cash flows for the quarter."

Capital Structure and Liquidity Resources

At June 30, 2016, the Company had $40.5 million of cash and cash equivalents and $66.3 million available under its revolving credit facility based on foreign exchange rates as of June 30, 2016. The Company's net debt to enterprise value was 46% with enterprise value of $2.5 billion based on the June 30, 2016 closing share price of $7.95, and total combined net debt of $1.1 billion at quarter-end, including $513.3 million of outstanding mortgage debt.

The Company continues to focus on enhancing the balance sheet. Due to movement in foreign exchange rates, the Company's annualized Net Debt/Adjusted EBITDA moved favorably to 6.7x in the second quarter from 7.0x in the first quarter.

As of June 30, 2016, the Company's total combined debt had a weighted average interest rate cost of 2.6%, consisting of 63.7% fixed rate1 and 36.3% floating rate debt, resulting in an interest coverage ratio of 5.2 times.

On July 25, 2016, the Company formally exercised the first of its two one year extensions on its existing $740 million credit facility.

In June, and prior to the Brexit referendum vote, the Company added additional foreign exchange hedging instruments through end-of-year 2019 as part of the Company's strategy to hedge earnings and manage risk.

"In keeping with our strategy to minimize risk and manage cash flows, management put in place additional hedging instruments prior to the June 23rd Brexit referendum vote," said Tim Salvemini, Chief Financial Officer of GNL. "We initiated new contracts as part of our overall hedging strategy, extending our hedges out to the end of 2019. Due to our in-place hedges, we saw a minimal effect on our net cash flows for the quarter."

"We formally extended our credit facility in July, utilizing the first of two available one-year extensions, which give us flexibility as we look at options to fortify our balance sheet and diversify our capital stack," continued Mr. Salvemini.

"Our balance sheet and liquidity position remain strong. As of June 30, the Company's debt to enterprise value was 46%, annualized net debt to adjusted EBITDA was down from 7.0 to 6.7 times, our interest coverage ratio was 5.2 times, with approximately $40.5 million in cash and $66.3 million available under our corporate credit facility," said Mr. Salvemini.

About Global Net Lease, Inc.

Global Net Lease, Inc. (NYSE: GNL) is a publicly traded real estate investment trust listed on the NYSE focused on acquiring and managing a diversified global portfolio of commercial properties, with an emphasis on sale-leaseback transactions involving single tenant, mission critical, income producing, net-leased assets across the United States, Western and Northern Europe. Additional information about GNL can be found on its website at www.globalnetlease.com.