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          <!-- Field: Pseudo-Tag; ID: Name; Data: Bellevue Capital Partners, LLC -->
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      <amendmentNo>4</amendmentNo>
      <securitiesClassTitle>Common Stock, $0.01 par value per share</securitiesClassTitle>
      <dateOfEvent>07/24/2026</dateOfEvent>
      <previouslyFiledFlag>false</previouslyFiledFlag>
      <issuerInfo>
        <issuerCIK>0001526113</issuerCIK>
        <issuerCusips>
          <issuerCusipNumber>379378201</issuerCusipNumber>
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        <issuerName>Global Net Lease, Inc.</issuerName>
        <address>
          <com:street1>650 FIFTH AVE</com:street1>
          <com:street2>30TH FLOOR</com:street2>
          <com:city>NEW YORK</com:city>
          <com:stateOrCountry>NY</com:stateOrCountry>
          <com:zipCode>10019</com:zipCode>
        </address>
      </issuerInfo>
      <authorizedPersons>
        <notificationInfo>
          <personName>Michael R. Anderson</personName>
          <personPhoneNum>212-415-6500</personPhoneNum>
          <personAddress>
            <com:street1>Bellevue Capital Partners, LLC</com:street1>
            <com:street2>222 Bellevue Avenue</com:street2>
            <com:city>Newport</com:city>
            <com:stateOrCountry>RI</com:stateOrCountry>
            <com:zipCode>02840</com:zipCode>
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        <percentOfClass>7.3</percentOfClass>
        <typeOfReportingPerson>OO</typeOfReportingPerson>
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        <typeOfReportingPerson>OO</typeOfReportingPerson>
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        <reportingPersonName>AR Capital LLC</reportingPersonName>
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        <typeOfReportingPerson>OO</typeOfReportingPerson>
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      <reportingPersonInfo>
        <reportingPersonNoCIK>Y</reportingPersonNoCIK>
        <reportingPersonName>American Realty Capital Global II Special LP LLC</reportingPersonName>
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        <citizenshipOrOrganization>DE</citizenshipOrOrganization>
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        <typeOfReportingPerson>OO</typeOfReportingPerson>
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      <reportingPersonInfo>
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        <reportingPersonName>Nicholas S. Schorsch</reportingPersonName>
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      <reportingPersonInfo>
        <reportingPersonNoCIK>Y</reportingPersonNoCIK>
        <reportingPersonName>Nicholas S. Schorsch 2016 Grantor Retained Annuity Trust</reportingPersonName>
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        <typeOfReportingPerson>IN</typeOfReportingPerson>
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    <items1To7>
      <item1>
        <securityTitle>Common Stock, $0.01 par value per share</securityTitle>
        <issuerName>Global Net Lease, Inc.</issuerName>
        <issuerPrincipalAddress>
          <com:street1>650 FIFTH AVE</com:street1>
          <com:street2>30TH FLOOR</com:street2>
          <com:city>NEW YORK</com:city>
          <com:stateOrCountry>NY</com:stateOrCountry>
          <com:zipCode>10019</com:zipCode>
        </issuerPrincipalAddress>
        <commentText>This Amendment No. 4 (the "Amendment") to Schedule 13D (the "Schedule 13D") amends and supplements the Schedule 13D originally filed with the United States Securities and Exchange Commission (the "SEC") on September 22, 2023 relating to the shares of common stock, par value $0.01per share (the "Common Stock"), of Global Net Lease, Inc., a Maryland corporation (the "Issuer"), as amended by Amendment No. 1 thereto, filed with the SEC on June 24, 2024, as further amended by Amendment No. 2 thereto, filed with the SEC on June 13, 2025, and Amendment No. 3 thereto, filed with the SEC on June 18, 2025.  This Amendment updates the Schedule 13D to reflect updates to the beneficial ownership holdings reported on the cover pages to this amendment, including transactions reported under Item 5(c) below. Unless indicated otherwise, all items left blank remain unchanged and any items which are reported are deemed to amend and supplement the existing items in the Schedule 13D. Capitalized terms used herein without definition shall have the meaning set forth in the Original Schedule 13D.</commentText>
      </item1>
      <item5>
        <percentageOfClassSecurities>Item 5 of the Schedule 13D is amended and supplemented by incorporating by reference the information set forth in boxes (11) and (13) of the cover pages to this Amendment for each of the Reporting Persons, and such information is incorporated herein by reference. The percentages reported herein are calculated based upon 211,931,451 outstanding shares of Common Stock as of May 4, 2026, as reflected in the Issuer's Form 10-Q filed with the SEC on May 6, 2026.</percentageOfClassSecurities>
        <transactionDesc>Attached as Schedule 5(c).</transactionDesc>
      </item5>
      <item7>
        <filedExhibits>Schedule 5(c) - Schedule of Sales

Exhibit 99.1 - Power of Attorney</filedExhibits>
      </item7>
    </items1To7>
    <signatureInfo>
      <signaturePerson>
        <signatureReportingPerson>Bellevue Capital Partners, LLC</signatureReportingPerson>
        <signatureDetails>
          <signature>/s/ Matthew A. Lyons</signature>
          <title>/s/ Matthew A. Lyons, Attorney-in-Fact</title>
          <date>07/24/2026</date>
        </signatureDetails>
      </signaturePerson>
      <signaturePerson>
        <signatureReportingPerson>MWM PIC, LLC</signatureReportingPerson>
        <signatureDetails>
          <signature>/s/ Matthew A. Lyons</signature>
          <title>/s/ Matthew A. Lyons, Attorney-in-Fact</title>
          <date>07/24/2026</date>
        </signatureDetails>
      </signaturePerson>
      <signaturePerson>
        <signatureReportingPerson>MWM I, LLC</signatureReportingPerson>
        <signatureDetails>
          <signature>/s/ Matthew A. Lyons</signature>
          <title>/s/ Matthew A. Lyons, Attorney-in-Fact</title>
          <date>07/24/2026</date>
        </signatureDetails>
      </signaturePerson>
      <signaturePerson>
        <signatureReportingPerson>AR Capital LLC</signatureReportingPerson>
        <signatureDetails>
          <signature>/s/ Matthew A. Lyons</signature>
          <title>/s/ Matthew A. Lyons, Attorney-in-Fact</title>
          <date>07/24/2026</date>
        </signatureDetails>
      </signaturePerson>
      <signaturePerson>
        <signatureReportingPerson>American Realty Capital Global II Special LP LLC</signatureReportingPerson>
        <signatureDetails>
          <signature>/s/ Matthew A. Lyons</signature>
          <title>/s/ Matthew A. Lyons, Attorney-in-Fact</title>
          <date>07/24/2026</date>
        </signatureDetails>
      </signaturePerson>
      <signaturePerson>
        <signatureReportingPerson>Nicholas S. Schorsch</signatureReportingPerson>
        <signatureDetails>
          <signature>/s/ Matthew A. Lyons</signature>
          <title>/s/ Matthew A. Lyons, Attorney-in-Fact</title>
          <date>07/24/2026</date>
        </signatureDetails>
      </signaturePerson>
      <signaturePerson>
        <signatureReportingPerson>Nicholas S. Schorsch 2016 Grantor Retained Annuity Trust</signatureReportingPerson>
        <signatureDetails>
          <signature>/s/ Matthew A. Lyons</signature>
          <title>/s/ Matthew A. Lyons, Attorney-in-Fact</title>
          <date>07/24/2026</date>
        </signatureDetails>
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