07:21 AM EDT, 10/17/2025 (MT Newswires) -- Global Net Lease's ( GNL ) credit rating was upgraded to BBB- by Fitch Ratings, following the $1.8 billion sale of its multi-tenant portfolio.

The transaction significantly reduced leverage and improved overall portfolio quality, Fitch said Thursday.

The rating outlook is stable, and the previous positive rating watch has been removed.

Fitch said the upgrade also reflects a simplified internal management structure, a strategic focus on single-tenant assets with 98% occupancy, and improved financial flexibility.

However, the agency said challenges remain regarding capital access, with the company's equity continuing to trade at a sizable discount to net asset value estimates compared to peers.