Global Net Lease, Inc. announced that it completed approximately 1.7 million square feet of leasing activity, comprised of over 313,000 square feet of multi-tenant assets and nearly 1.4 million square feet of single-tenant assets since September 30, 2023. Within the multi-tenant segment, the Company signed four new leases totaling nearly 82,000 square feet, that will generate over $1.2 million in annualized straight-line rent with a weighted average lease term of 12.8 years. Additionally, the Company signed 19 lease renewals totaling approximately 232,000 square feet, and over $3.1 million in annualized straight-line rent.

Leasing spreads on renewals were 3.4% higher than the expiring rent. Within the single-tenant segment, the Company signed 12 lease renewals totaling approximately 1.4 million square feet and will contribute $7.9 million in annualized straight-line rent. Leasing spreads on renewals were 9.8% higher than the expiring rent.