 NEW YORK, May 6, 2021 PRNewswire -- 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 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 Companys 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, 2021 1,2 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 million 5, consisting of second quarter completed and pending acquisitions, at a going-in capitalization6 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 escalators8 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. 