GNL. Global Net Lease 3Q 2015 REPORT GLOBAL NET LEASE SHAREHOLDER COMMUNICATION - NOT FOR USE AS SALES MATERIAL

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1 GNL 3Q 2015 REPORT Global Net Lease

2 GNL Diversified portfolio with strong operating performance Third quarter results for 2015 demonstrate continued strong performance of our best in class portfolio. Net Operating Income ( NOI ) for the third quarter 2015 was $46.9 million, highlighting the strength and durability of underlying portfolio cash flows. At quarter-end Global Net Lease, Inc. ( GNL ) had acquired 329 properties across the U.S. and Europe, diversified by asset type, geography, tenant and industry. Total occupancy stood at 100%, with approximately 79.1% of net operating income ( NOI ) coming from investment grade or implied investment grade rated tenants. The weighted average remaining lease term was 11.5 years. Financial overview From a GAAP perspective, net income attributable to stockholders was $5.4 million for the third quarter. Funds from operations ( FFO ) was $28.4 million for the quarter and adjusted funds from operations ( AFFO ), adjusting for the impact of non-core expenses, was $31.2 million. GNL s net debt to enterprise value was 43.3% 1 and interest coverage stood at 5.8x with a net debt to EBITDA multiple of 7.6x. As of September 30, 2015, 67.8% of the Company s debt was rate hedged, comprised of 2.1% in USD, 44.6% in GBP and 53.2% in Euro debt. GNL s combined debt had a weighted average annual interest cost of 2.5%. Strong portfolio cash flows coupled with our flexible balance sheet permit confidence in our future dividends. Attractive future opportunities High quality acquisition teams dedicated to each of our focus markets allow us to identify many off-market transactions. This allows us to be highly selective with our investment decisions. In the third quarter of 2015, GNL acquired $207.8 million of assets including 18 properties comprised of 2.26 million square feet. This strong execution should drive shareholder value for our investors. We believe that the European net lease market is particularly compelling given the current supply and demand dynamics as well as general macroeconomic conditions. Our ability to leverage Moor Park Capital Partners on-the-ground presence and extensive industry relationships gives us a tremendous opportunity to capitalize on very attractive investment opportunities. Commitment to transparency and best practice We remain committed to providing continued clarity and transparency into our business strategy and performance, and to following industry best practices in corporate governance, reporting and disclosure. Well-positioned for success GNL has been built to deliver stable income to our investors, while also focusing on pragmatic long-term growth. Effective at the close of the market on November 30, 2015, GNL was added to the MSCI US REIT Index (RMZ) providing even more visibility to a broader pool of investors. With our high quality, diversified net lease portfolio and our flexible capital structure, GNL is well-positioned to continue executing on its global investment strategy and capitalize on today s favorable market conditions by pursuing attractive opportunities in the U.S., and Western and Northern Europe. We have a disciplined approach and our experienced management team will continue to drive momentum and build value for our investors. We appreciate your continued support. Sincerely, Scott Bowman Chief Executive Officer 1 Net debt to enterprise value is calculated as total debt less cash over enterprise value (total outstanding common stock times share price of $9.20 as of September 30, 2015).

3 3Q 2015 REPORT Fact Sheet Investment Objectives GNL is designed to protect shareholder capital and provide regular, stable cash dividends with the potential for capital growth through leases that link rent to the change in the Consumer Price Index and other Inflation indices. GNL seeks to achieve these objectives through the acquisition and management of a quality portfolio of commercial properties, with an emphasis on sale-leaseback transactions involving single tenant net leased commercial real estate assets. GNL s portfolio is diversified primarily by property type and geography targeting retail, office, industrial and distribution facilities primarily in the U.S. and Western Europe. Dividend Information Current Annualized Dividend 1 (as of September 30, 2015) $0.71 per share Dividend Frequency Monthly Key Facts (as of September 30, 2015) IPO Effectiveness Date April 2012 Total Capital Raised 5 $1.67 billion Total Assets Under Management 6 $2.56 billion Assets Under Management $2,700 $2,400 $2,100 $1,800 $1,500 $1,200 $900 $600 $300 $2.6 $2.6 4Q 12 1Q 13 Portfolio Highlights (as of September 30, 2015) Property Highlights Property Purchase Price ($ Billion) 4 $2.63 Number of Properties 329 Number of Industries 39 Square Feet (Million) 18.7 Occupancy Rate 100.0% Financial Highlights $21.0 $83.3 $184.9 Corporate Leverage 48.6% Total Debt (million) $1,246 Wgt. Avg.Remaining Lease Term (Yrs.) 11.5 $495.8 $1,695.5 asset Types c G $794.6 Asset Types 2 Investment Grade % $0 geog 11.1% 19.4% 53.2% asset Types c G Office 53.2% Industrial 19.4% Retail 15.2% Distribution 11.1% Implied Investment A Hotel 0.6% Medical 0.5% 2Q 13 3Q 13 4Q 13 1Q 14 2Q 14 3Q 14 4Q 14 Contract Purchase Price ($ Millions) 4 0.5% 0.6% geog $2,417.2 $2,425.7 $2,633.6 $2,378.6 Implied Investment 20.9% Investment Grade/ Implied Investment Grade 1Q % Geographic Diversification (By Purchase Price) 4 2Q % Non-investment Grade 20.9% Europe 39.6% US 60.4% 3Q 15 A 1 Annualized dividend declared of $0.71 per share divided by the share price of $9.20 as of September 30, Based on Net Rent which is defined as GAAP NOI on modified gross leases as of September 30, Investment grade rating includes tenants that are rated investment grade and implied investment grade. Implied Investment Grade includes guarantors for which there are actual in-place Moody s Investment Grade ratings ( Actual Investment Grade ), guarantors whose risk has been calculated using a proprietary Moody s analytical tool ( Implied Investment Grade ) and guarantors who have a parent company that is rated Actual Investment Grade. For guarantors where a Moody s rating is not available (no public debt or currently reviewed by Moody s), their financial statements are reviewed and analyzed using a Moody s analytical tool (which uses the same calibrations as they employ for actual ratings) to determine if the risk metrics equate to an equivalent to that of a company with an Actual Investment Grade rating. This is the same methodology employed by providers of our corporate credit facility. 4 Contract purchase price, excluding acquisition related costs, based on exchange rate at the time of purchase, where applicable. 5 Net of Tender Offer of 11.9 million shares of the Company s common stock at $10.50 per share repurchased on July 6, 2016 for an aggregate amount of $125.0 million. 6 Total assets based on exchange rate as of September 30, 2015.

4 GNL United States Property Highlights (For a complete list of properties, please visit GSA Various, U.S. Government Services 7.8 Years AA+ Quest Diagnostics Santa Clarita, CA Healthcare 8.9 Years BBB+ Nimble Storage San Jose, CA Technology 6.1 Years B1 * Investment grade rating includes tenants that are rated investment grade and implied investment grade. Implied Investment Grade includes guarantors for which there are actual in-place Moody s Investment Grade ratings ( Actual Investment Grade ), guarantors whose risk has been calculated using a proprietary Moody s analytical tool ( Implied Investment Grade ) and guarantors who have a parent company that is rated Actual Investment Grade. For guarantors where a Moody s rating is not available (no public debt or currently reviewed by Moody s), their financial statements are reviewed and analyzed using a Moody s analytical tool (which uses the same calibrations as they employ for actual ratings) to determine if the risk metrics equate to an equivalent to that of a company with an Actual Investment Grade rating. This is the same methodology employed by providers of our corporate credit facility.

5 3Q 2015 REPORT International Property Highlights (For a complete list of properties, please visit Aviva Sheffield, U.K Financial Services 13.7 Years A1 Finnair Vantaa-Helsinki Airport, Finland Aerospace 8.9 Years Aaa (Parent) RWE AG Headquarters North Rhine, Germany Utilities 9.2 Years Baa1 * Investment grade rating includes tenants that are rated investment grade and implied investment grade. Implied Investment Grade includes guarantors for which there are actual in-place Moody s Investment Grade ratings ( Actual Investment Grade ), guarantors whose risk has been calculated using a proprietary Moody s analytical tool ( Implied Investment Grade ) and guarantors who have a parent company that is rated Actual Investment Grade. For guarantors where a Moody s rating is not available (no public debt or currently reviewed by Moody s), their financial statements are reviewed and analyzed using a Moody s analytical tool (which uses the same calibrations as they employ for actual ratings) to determine if the risk metrics equate to an equivalent to that of a company with an Actual Investment Grade rating. This is the same methodology employed by providers of our corporate credit facility.

6 GNL GNL Investor Inquiries For more information on GNL, please contact your financial professional. The financial statements included herein should be read in connection with your review of the Company s Quarterly Report on Form 10-Q as of and for the quarter ended September 30, 2015, as filed with the U.S. Securities and Exchange Commission on November 10, Forward Looking Statement Disclosure The statements in this report that are not historical facts may be forward-looking statements. These forward-looking statements involve risks and uncertainties that could cause the outcome to be materially different. In addition, words such as will, should, may, anticipate, believe, expect and intend indicate a forward-looking statement, although not all forwardlooking statements include these words. Actual results may differ materially from those contemplated by such forward-looking statements due to certain factors, including those set forth in the Risk Factors section of Global Net Lease s Annual Report on Form 10-K filed on April 3, 2015 and any subsequent Quarterly Reports on Form 10-Q, which are available at the SEC s website at www. sec.gov. Further, forward-looking statements speak only as of the date they are made, and Global Net Lease undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results over time, unless required by law.

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