Global Net Lease, Inc. (GNL) 10-Year Financial Performance & Capital Metrics

GNL • • REIT / Real Estate

Real EstateDiversified REITsSingle-Tenant Net Lease REITsDiversified Net Lease Operators

AboutGlobal Net Lease, Inc. (NYSE: GNL) is a publicly traded real estate investment trust listed on the NYSE focused on acquiring a diversified global portfolio of commercial properties, with an emphasis on sale-leaseback transactions involving single tenant, mission critical income producing net-leased assets across the United States, Western and Northern Europe.Show more

Revenue $805M +56.3%
FFO $238M +988.0%
FFO/Share 1.03 +573.2%
FFO Payout 114.71% -87.9%
FFO per Share 1.03 +573.2%
NOI Margin 82.3% +16.3%
FFO Margin 29.5% +596.2%
ROE -5.45% +47.3%
ROA -1.75% +50.3%
Debt/Assets 66.75% +2.2%
Net Debt/EBITDA 7.79 -67.1%
Book Value/Share 9.49 -48.7%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓High NOI margin of 82.3%
✓Trading near 52-week high
✓Trading at only 1.0x book value

✗Weaknesses

✗High debt to equity ratio of 2.1x
✗FFO declining 120.0% TTM
✗Dividend exceeds FFO - may not be sustainable
✗Shares diluted 61.6% in last year

Price & Volume

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Growth Metrics

Revenue CAGR

10Y24.04%

5Y21.33%

3Y27.19%

TTM-17.11%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM-61.36%

EPS CAGR

10Y-

5Y-

3Y-

TTM-78.29%

ROCE

10Y Avg2.58%

5Y Avg2.28%

3Y Avg1.99%

Latest3.55%

Peer Comparison

Diversified Net Lease Operators

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
WPCW. P. Carey Inc.	15.1B	68.92	32.98	-9.22%	19.19%	4.47%	11.24%	0.97
BNLBroadstone Net Lease, Inc.	3.51B	18.54	21.56	-2.5%	20.04%	2.98%	7.4%	0.61
OLPOne Liberty Properties, Inc.	462.56M	21.37	15.26	-0.09%	34.51%	10.99%	8.44%	1.36
NLOPNet Lease Office Properties	288.87M	19.50	-3.16	-18.7%	-156.16%	-41.68%	24.88%	0.29
GNLGlobal Net Lease, Inc.	2.03B	9.25	-12.17	56.29%	-48.52%	-16.47%	12.52%	2.12

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Revenue+	205.33M	214.17M	259.3M	282.21M	306.21M	330.1M	391.23M	378.86M	515.07M	805.01M
Revenue Growth %	1.2%	0.04%	0.21%	0.09%	0.09%	0.08%	0.19%	-0.03%	0.36%	0.56%
Property Operating Expenses	18.18M	19.04M	28.86M	28.73M	62.93M	32.37M	32.75M	32.88M	150.61M	142.5M
Net Operating Income (NOI)+	-	-	-	-	-	-	-	-	-	-
NOI Margin %	-	-	-	-	-	-	-	-	-	-
Operating Expenses+	133.41M	125.06M	142.37M	160.9M	128.39M	198.49M	246.57M	245.44M	379.84M	456.03M
G&A Expenses	43.34M	30.61M	29.32M	41.32M	19.64M	59.13M	67.31M	69.93M	85.77M	66.67M
EBITDA+	123.28M	194.09M	260M	270.96M	241.7M	242.02M	279.59M	259.4M	218.36M	575.56M
EBITDA Margin %	-	-	-	-	-	-	-	-	-	-
Depreciation & Amortization+	90.07M	133.81M	173.95M	202.94M	126.81M	142.78M	167.68M	158.86M	233.74M	369.08M
D&A / Revenue %	-	-	-	-	-	-	-	-	-	-
Operating Income+	33.21M	60.28M	86.05M	68.02M	114.89M	99.24M	111.91M	100.54M	-15.38M	206.48M
Operating Margin %	-	-	-	-	-	-	-	-	-	-
Interest Expense+	34.86M	39.12M	48.45M	57.97M	64.2M	71.8M	94.34M	97.51M	179.41M	326.93M
Interest Coverage	0.95x	1.54x	1.78x	1.17x	1.79x	1.38x	1.19x	1.03x	-0.09x	0.63x
Non-Operating Income	-5.53M	-17.5M	11.96M	-3.28M	17.24M	11.69M	-5.95M	-20.02M	2.64M	6.68M
Pretax Income+	3.87M	52M	26.73M	13.33M	50.81M	15.75M	23.52M	23.05M	-197.44M	-127.13M
Pretax Margin %	-	-	-	-	-	-	-	-	-	-
Income Tax+	5.89M	4.42M	3.14M	2.43M	4.33M	4.97M	12.15M	11.03M	14.47M	4.45M
Effective Tax Rate %	-	-	-	-	-	-	-	-	-	-
Net Income+	-2.06M	47.14M	23.57M	10.9M	46.48M	10.78M	11.37M	12.02M	-211.91M	-131.57M
Net Margin %	-	-	-	-	-	-	-	-	-	-
Net Income Growth %	0.96%	23.83%	-0.5%	-0.54%	3.27%	-0.77%	0.05%	0.06%	-18.63%	0.38%
Funds From Operations (FFO)+	-	-	-	-	-	-	-	-	-	-
FFO Margin %	-	-	-	-	-	-	-	-	-	-
FFO Growth %	8.28%	1.06%	0.09%	0.08%	-0.19%	-0.11%	0.17%	-0.05%	-0.87%	9.88%
FFO per Share+	-	-	-	-	-	-	-	-	-	-
FFO Payout Ratio %	-	-	-	-	-	-	-	-	-	-
EPS (Diluted)+	-0.04	0.81	0.30	0.16	0.54	0.12	0.12	0.12	-1.71	-0.76
EPS Growth %	0.96%	23.82%	-0.63%	-0.47%	2.38%	-0.78%	0%	0%	-15.25%	0.56%
EPS (Basic)	-0.04	0.81	0.30	0.16	0.55	0.12	0.12	0.12	-1.71	-0.76
Diluted Shares Outstanding	58.11M	56.72M	66.88M	69.66M	86.35M	89.47M	98.28M	103.69M	142.58M	230.44M

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Assets+	2.55B	2.89B	3.04B	3.31B	3.7B	3.97B	4.18B	3.96B	8.1B	6.96B
Asset Growth %	0.05%	0.13%	0.05%	0.09%	0.12%	0.07%	0.05%	-0.05%	1.04%	-0.14%
Real Estate & Other Assets+	-15M	-86.06M	-136.09M	-211.44M	15.38M	10.24M	-76.4M	2.98B	7.59B	6.48B
PP&E (Net)	1.96B	2.23B	2.37B	2.53B	2.89B	3.31B	52.85M	49.17M	77.01M	74.27M
Investment Securities	1000K	1000K	1000K	1000K	0	0	0	1000K	1000K	0
Total Current Assets+	73.39M	112.94M	150.48M	286.04M	367.95M	231.53M	0	177.95M	249.84M	341.12M
Cash & Equivalents	69.94M	69.83M	102.42M	100.32M	270.3M	124.25M	93.31M	103.33M	121.57M	159.7M
Receivables	136K	1000K	16K	1000K	1000K	1000K	0	1000K	1000K	1000K
Other Current Assets	0	0	0	94.03M	45.26M	46.28M	-93.31M	1.11M	44.02M	81.92M
Intangible Assets	518.29M	587.06M	629.63M	675.55M	423.29M	415.73M	0	689.27M	0	0
Total Liabilities	1.33B	1.54B	1.62B	1.88B	1.99B	2.41B	2.56B	2.51B	5.46B	4.77B
Total Debt+	1.25B	1.42B	1.51B	1.77B	1.9B	2.31B	2.48B	2.42B	5.29B	4.64B
Net Debt	1.18B	1.35B	1.41B	1.67B	1.63B	2.18B	2.39B	2.31B	5.17B	4.48B
Long-Term Debt	1.24B	747.38M	1.51B	1.77B	1.87B	2.27B	2.36B	2.4B	4.74B	3.13B
Short-Term Borrowings	0	1000K	0	0	1000K	1000K	1000K	0	1000K	1000K
Capital Lease Obligations	27.98M	33.04M	31.39M	35.76M	23.98M	25.35M	52.12M	21.88M	144.18M	125.13M
Total Current Liabilities+	757.44M	724.54M	346.53M	417.33M	35.46M	53.45M	99.29M	727.68M	1.9B	1.51B
Accounts Payable	18.66M	22.86M	23.23M	31.53M	22.9M	28.31M	0	22.89M	99.01M	75.73M
Deferred Revenue	15.49M	18.43M	18.54M	16.22M	0	0	0	28.46M	46.21M	28.73M
Other Liabilities	32.94M	712.51M	42.4M	38.87M	63.08M	68.61M	-2.45B	54.19M	42.02M	3.72M
Total Equity+	1.22B	1.36B	1.41B	1.43B	1.71B	1.55B	1.63B	1.45B	2.64B	2.19B
Equity Growth %	-0.14%	0.11%	0.04%	0.01%	0.2%	-0.09%	0.05%	-0.11%	0.82%	-0.17%
Shareholders Equity	1.21B	1.35B	1.41B	1.43B	1.7B	1.53B	1.62B	1.44B	2.64B	2.19B
Minority Interest	14.73M	8.2M	1.08M	3.26M	12.33M	21.76M	5.92M	14.9M	1.4M	0
Common Stock	1.69M	1.99M	2M	2.09M	2.23M	2.23M	2.37M	2.37M	3.64M	3.64M
Additional Paid-in Capital	1.48B	1.71B	1.86B	2.03B	2.41B	2.42B	2.68B	2.68B	4.35B	4.36B
Retained Earnings	-272.81M	-346.06M	-468.4M	-615.45M	-733.25M	-896.55M	-1.07B	-1.25B	-1.7B	-2.15B
Preferred Stock	0	0	54K	54K	103K	107K	113K	115K	240K	240K
Return on Assets (ROA)	-0%	0.02%	0.01%	0%	0.01%	0%	0%	0%	-0.04%	-0.02%
Return on Equity (ROE)	-0%	0.04%	0.02%	0.01%	0.03%	0.01%	0.01%	0.01%	-0.1%	-0.05%
Debt / Assets	0.49%	0.49%	0.5%	0.54%	0.51%	0.58%	0.59%	0.61%	0.65%	0.67%
Debt / Equity	1.02x	1.05x	1.07x	1.24x	1.11x	1.48x	1.52x	1.66x	2.01x	2.12x
Net Debt / EBITDA	9.57x	6.95x	5.43x	6.17x	6.74x	9.02x	8.53x	8.92x	23.68x	7.79x
Book Value per Share	21.00	23.91	21.15	20.51	19.80	17.37	16.55	14.02	18.51	9.49

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	102.16M	114.39M	130.95M	144.6M	146M	176.85M	192.49M	181.82M	143.74M	299.47M
Operating CF Growth %	11.54%	0.12%	0.14%	0.1%	0.01%	0.21%	0.09%	-0.06%	-0.21%	1.08%
Operating CF / Revenue %	-	-	-	-	-	-	-	-	-	-
Net Income	-2.02M	47.58M	23.59M	10.9M	46.48M	10.78M	11.37M	12.02M	-211.91M	-131.57M
Depreciation & Amortization	92.46M	96.97M	118.34M	125.17M	131.17M	142.78M	167.68M	158.86M	233.74M	369.08M
Stock-Based Compensation	2.35M	3.75M	-3.79M	2.65M	9.53M	10.06M	11.03M	12.07M	39.19M	8.93M
Other Non-Cash Items	-2.81M	-32.54M	3.21M	5.8M	-5.28M	8.65M	-16.93M	12.35M	75.12M	84.12M
Working Capital Changes	12.63M	-2.71M	-10.94M	2.34M	-22.6M	4.58M	8.43M	-13.48M	7.6M	-31.51M
Cash from Investing+	-222.28M	134.15M	-78.98M	-457.95M	-294.48M	-470.53M	-436.57M	-16.54M	-551.9M	759.9M
Acquisitions (Net)	0	18.98M	0	0	565.53M	0	477.39M	0	-451.38M	0
Purchase of Investments	-223.07M	-4.18M	-98.78M	-480.21M	-565.53M	0	-477.39M	0	0	0
Sale of Investments	1000K	1000K	1000K	1000K	1000K	0	1000K	0	0	1000K
Other Investing	-222.3M	7.58M	-86.48M	-480.21M	-565.53M	-464.14M	-477.39M	13.4M	-53.22M	2.12M
Cash from Financing+	121.6M	-240.88M	-30.66M	312.19M	300M	140.68M	218.32M	-149.74M	469.01M	-995.36M
Dividends Paid	-97.73M	-120.39M	-143.12M	-157.26M	-161.51M	-172.49M	-176.05M	-187.14M	-233.23M	-316.18M
Common Dividends	-97.73M	-120.39M	-142.74M	-147.44M	-150.78M	-155.06M	-156.22M	-166.84M	-206.99M	-272.44M
Debt Issuance (Net)	1000K	-1000K	-1000K	1000K	1000K	1000K	1000K	1000K	1000K	-1000K
Share Repurchases	-127.31M	0	0	0	0	-470K	-156K	-686K	-1.19M	-1.04M
Other Financing	-3.94M	178K	-10.21M	160.36M	-19.61M	-14.68M	-17.47M	-10.52M	-10.09M	-7.74M
Net Change in Cash+	5.25M	-107K	30.4M	-4.03M	170.59M	-148.59M	-32.38M	11.13M	57.95M	61.81M
Exchange Rate Effect	1000K	-1000K	1000K	-1000K	1000K	1000K	-1000K	-1000K	-1000K	-1000K
Cash at Beginning	64.68M	69.94M	77.33M	107.73M	103.69M	274.29M	125.69M	93.31M	104.44M	162.4M
Cash at End	69.94M	69.83M	107.73M	103.69M	274.29M	125.69M	93.31M	104.44M	162.4M	224.21M
Free Cash Flow+	91.66M	114.19M	127.84M	143.14M	128.65M	170.47M	184.57M	151.88M	96.45M	253.84M
FCF Growth %	5.95%	0.25%	0.12%	0.12%	-0.1%	0.33%	0.08%	-0.18%	-0.36%	1.63%
FCF / Revenue %	-	-	-	-	-	-	-	-	-	-

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
FFO per Share	1.51	3.19	2.95	3.07	2.01	1.72	1.82	1.65	0.15	1.03
FFO Payout Ratio	111.05%	66.53%	72.27%	68.95%	87.01%	100.98%	87.25%	97.63%	948.25%	114.71%
NOI Margin	91.15%	91.11%	88.87%	89.82%	79.45%	90.19%	91.63%	91.32%	70.76%	82.3%
Net Debt / EBITDA	9.57x	6.95x	5.43x	6.17x	6.74x	9.02x	8.53x	8.92x	23.68x	7.79x
Debt / Assets	49.05%	49.09%	49.82%	53.56%	51.32%	58.13%	59.26%	61.03%	65.34%	66.75%
Interest Coverage	0.95x	1.54x	1.78x	1.17x	1.79x	1.38x	1.19x	1.03x	-0.09x	0.63x
Book Value / Share	21	23.91	21.15	20.51	19.8	17.37	16.55	14.02	18.51	9.49
Revenue Growth	119.88%	4.31%	21.07%	8.84%	8.51%	7.8%	18.52%	-3.16%	35.95%	56.29%

Revenue by Segment

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Real Estate Investing	205.33M	214.17M	259.3M	-	306.21M	330.1M	391.23M	234.36M	515.07M	805.01M
Real Estate Investing Growth	-	4.31%	21.07%	-	-	7.80%	18.52%	-40.10%	119.77%	56.29%
Occupancy	-	-	-	265.3M	-	-	-	-	-	-
Occupancy Growth	-	-	-	-	-	-	-	-	-	-
Tenant Reimbursements	-	-	-	16.91M	-	-	-	-	-	-
Tenant Reimbursements Growth	-	-	-	-	-	-	-	-	-	-

Revenue by Geography

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
UNITED STATES	130.6M	133.31M	133.06M	-	-	-	-	-	-	-
UNITED STATES Growth	-	2.08%	-0.19%	-	-	-	-	-	-	-
Europe	33.9M	43.6M	73.67M	-	-	-	-	-	-	-
Europe Growth	-	28.59%	68.98%	-	-	-	-	-	-	-

Frequently Asked Questions

Growth & Financials

Global Net Lease, Inc. (GNL) reported $577.4M in revenue for fiscal year 2024. This represents a 1924727% increase from $0.0M in 2012.

Global Net Lease, Inc. (GNL) grew revenue by 56.3% over the past year. This is strong growth.

Global Net Lease, Inc. (GNL) reported a net loss of $280.2M for fiscal year 2024.

Dividend & Returns

Yes, Global Net Lease, Inc. (GNL) pays a dividend with a yield of 12.78%. This makes it attractive for income-focused investors.

Global Net Lease, Inc. (GNL) has a return on equity (ROE) of -5.5%. Negative ROE indicates the company is unprofitable.

Industry Metrics

Global Net Lease, Inc. (GNL) generated Funds From Operations (FFO) of $-42.2M in the trailing twelve months. FFO is the primary profitability metric for REITs.

Global Net Lease, Inc. (GNL) offers a 12.78% dividend yield, which is attractive for income investors. REITs are required to distribute at least 90% of taxable income to shareholders.

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Global Net Lease, Inc. (GNL) 10-Year Financial Performance & Capital Metrics

GNL • • REIT / Real Estate

Real EstateDiversified REITsSingle-Tenant Net Lease REITsDiversified Net Lease Operators

Revenue $805M +56.3%
FFO $238M +988.0%
FFO/Share 1.03 +573.2%
FFO Payout 114.71% -87.9%
FFO per Share 1.03 +573.2%
NOI Margin 82.3% +16.3%
FFO Margin 29.5% +596.2%
ROE -5.45% +47.3%
ROA -1.75% +50.3%
Debt/Assets 66.75% +2.2%
Net Debt/EBITDA 7.79 -67.1%
Book Value/Share 9.49 -48.7%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓High NOI margin of 82.3%
✓Trading near 52-week high
✓Trading at only 1.0x book value

✗Weaknesses

✗High debt to equity ratio of 2.1x
✗FFO declining 120.0% TTM
✗Dividend exceeds FFO - may not be sustainable
✗Shares diluted 61.6% in last year

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y24.04%

5Y21.33%

3Y27.19%

TTM-17.11%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM-61.36%

EPS CAGR

10Y-

5Y-

3Y-

TTM-78.29%

ROCE

10Y Avg2.58%

5Y Avg2.28%

3Y Avg1.99%

Latest3.55%

Peer Comparison

Diversified Net Lease Operators

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
WPCW. P. Carey Inc.	15.1B	68.92	32.98	-9.22%	19.19%	4.47%	11.24%	0.97
BNLBroadstone Net Lease, Inc.	3.51B	18.54	21.56	-2.5%	20.04%	2.98%	7.4%	0.61
OLPOne Liberty Properties, Inc.	462.56M	21.37	15.26	-0.09%	34.51%	10.99%	8.44%	1.36
NLOPNet Lease Office Properties	288.87M	19.50	-3.16	-18.7%	-156.16%	-41.68%	24.88%	0.29
GNLGlobal Net Lease, Inc.	2.03B	9.25	-12.17	56.29%	-48.52%	-16.47%	12.52%	2.12

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Revenue+	205.33M	214.17M	259.3M	282.21M	306.21M	330.1M	391.23M	378.86M	515.07M	805.01M
Revenue Growth %	1.2%	0.04%	0.21%	0.09%	0.09%	0.08%	0.19%	-0.03%	0.36%	0.56%
Property Operating Expenses	18.18M	19.04M	28.86M	28.73M	62.93M	32.37M	32.75M	32.88M	150.61M	142.5M
Net Operating Income (NOI)+	-	-	-	-	-	-	-	-	-	-
NOI Margin %	-	-	-	-	-	-	-	-	-	-
Operating Expenses+	133.41M	125.06M	142.37M	160.9M	128.39M	198.49M	246.57M	245.44M	379.84M	456.03M
G&A Expenses	43.34M	30.61M	29.32M	41.32M	19.64M	59.13M	67.31M	69.93M	85.77M	66.67M
EBITDA+	123.28M	194.09M	260M	270.96M	241.7M	242.02M	279.59M	259.4M	218.36M	575.56M
EBITDA Margin %	-	-	-	-	-	-	-	-	-	-
Depreciation & Amortization+	90.07M	133.81M	173.95M	202.94M	126.81M	142.78M	167.68M	158.86M	233.74M	369.08M
D&A / Revenue %	-	-	-	-	-	-	-	-	-	-
Operating Income+	33.21M	60.28M	86.05M	68.02M	114.89M	99.24M	111.91M	100.54M	-15.38M	206.48M
Operating Margin %	-	-	-	-	-	-	-	-	-	-
Interest Expense+	34.86M	39.12M	48.45M	57.97M	64.2M	71.8M	94.34M	97.51M	179.41M	326.93M
Interest Coverage	0.95x	1.54x	1.78x	1.17x	1.79x	1.38x	1.19x	1.03x	-0.09x	0.63x
Non-Operating Income	-5.53M	-17.5M	11.96M	-3.28M	17.24M	11.69M	-5.95M	-20.02M	2.64M	6.68M
Pretax Income+	3.87M	52M	26.73M	13.33M	50.81M	15.75M	23.52M	23.05M	-197.44M	-127.13M
Pretax Margin %	-	-	-	-	-	-	-	-	-	-
Income Tax+	5.89M	4.42M	3.14M	2.43M	4.33M	4.97M	12.15M	11.03M	14.47M	4.45M
Effective Tax Rate %	-	-	-	-	-	-	-	-	-	-
Net Income+	-2.06M	47.14M	23.57M	10.9M	46.48M	10.78M	11.37M	12.02M	-211.91M	-131.57M
Net Margin %	-	-	-	-	-	-	-	-	-	-
Net Income Growth %	0.96%	23.83%	-0.5%	-0.54%	3.27%	-0.77%	0.05%	0.06%	-18.63%	0.38%
Funds From Operations (FFO)+	-	-	-	-	-	-	-	-	-	-
FFO Margin %	-	-	-	-	-	-	-	-	-	-
FFO Growth %	8.28%	1.06%	0.09%	0.08%	-0.19%	-0.11%	0.17%	-0.05%	-0.87%	9.88%
FFO per Share+	-	-	-	-	-	-	-	-	-	-
FFO Payout Ratio %	-	-	-	-	-	-	-	-	-	-
EPS (Diluted)+	-0.04	0.81	0.30	0.16	0.54	0.12	0.12	0.12	-1.71	-0.76
EPS Growth %	0.96%	23.82%	-0.63%	-0.47%	2.38%	-0.78%	0%	0%	-15.25%	0.56%
EPS (Basic)	-0.04	0.81	0.30	0.16	0.55	0.12	0.12	0.12	-1.71	-0.76
Diluted Shares Outstanding	58.11M	56.72M	66.88M	69.66M	86.35M	89.47M	98.28M	103.69M	142.58M	230.44M

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Assets+	2.55B	2.89B	3.04B	3.31B	3.7B	3.97B	4.18B	3.96B	8.1B	6.96B
Asset Growth %	0.05%	0.13%	0.05%	0.09%	0.12%	0.07%	0.05%	-0.05%	1.04%	-0.14%
Real Estate & Other Assets+	-15M	-86.06M	-136.09M	-211.44M	15.38M	10.24M	-76.4M	2.98B	7.59B	6.48B
PP&E (Net)	1.96B	2.23B	2.37B	2.53B	2.89B	3.31B	52.85M	49.17M	77.01M	74.27M
Investment Securities	1000K	1000K	1000K	1000K	0	0	0	1000K	1000K	0
Total Current Assets+	73.39M	112.94M	150.48M	286.04M	367.95M	231.53M	0	177.95M	249.84M	341.12M
Cash & Equivalents	69.94M	69.83M	102.42M	100.32M	270.3M	124.25M	93.31M	103.33M	121.57M	159.7M
Receivables	136K	1000K	16K	1000K	1000K	1000K	0	1000K	1000K	1000K
Other Current Assets	0	0	0	94.03M	45.26M	46.28M	-93.31M	1.11M	44.02M	81.92M
Intangible Assets	518.29M	587.06M	629.63M	675.55M	423.29M	415.73M	0	689.27M	0	0
Total Liabilities	1.33B	1.54B	1.62B	1.88B	1.99B	2.41B	2.56B	2.51B	5.46B	4.77B
Total Debt+	1.25B	1.42B	1.51B	1.77B	1.9B	2.31B	2.48B	2.42B	5.29B	4.64B
Net Debt	1.18B	1.35B	1.41B	1.67B	1.63B	2.18B	2.39B	2.31B	5.17B	4.48B
Long-Term Debt	1.24B	747.38M	1.51B	1.77B	1.87B	2.27B	2.36B	2.4B	4.74B	3.13B
Short-Term Borrowings	0	1000K	0	0	1000K	1000K	1000K	0	1000K	1000K
Capital Lease Obligations	27.98M	33.04M	31.39M	35.76M	23.98M	25.35M	52.12M	21.88M	144.18M	125.13M
Total Current Liabilities+	757.44M	724.54M	346.53M	417.33M	35.46M	53.45M	99.29M	727.68M	1.9B	1.51B
Accounts Payable	18.66M	22.86M	23.23M	31.53M	22.9M	28.31M	0	22.89M	99.01M	75.73M
Deferred Revenue	15.49M	18.43M	18.54M	16.22M	0	0	0	28.46M	46.21M	28.73M
Other Liabilities	32.94M	712.51M	42.4M	38.87M	63.08M	68.61M	-2.45B	54.19M	42.02M	3.72M
Total Equity+	1.22B	1.36B	1.41B	1.43B	1.71B	1.55B	1.63B	1.45B	2.64B	2.19B
Equity Growth %	-0.14%	0.11%	0.04%	0.01%	0.2%	-0.09%	0.05%	-0.11%	0.82%	-0.17%
Shareholders Equity	1.21B	1.35B	1.41B	1.43B	1.7B	1.53B	1.62B	1.44B	2.64B	2.19B
Minority Interest	14.73M	8.2M	1.08M	3.26M	12.33M	21.76M	5.92M	14.9M	1.4M	0
Common Stock	1.69M	1.99M	2M	2.09M	2.23M	2.23M	2.37M	2.37M	3.64M	3.64M
Additional Paid-in Capital	1.48B	1.71B	1.86B	2.03B	2.41B	2.42B	2.68B	2.68B	4.35B	4.36B
Retained Earnings	-272.81M	-346.06M	-468.4M	-615.45M	-733.25M	-896.55M	-1.07B	-1.25B	-1.7B	-2.15B
Preferred Stock	0	0	54K	54K	103K	107K	113K	115K	240K	240K
Return on Assets (ROA)	-0%	0.02%	0.01%	0%	0.01%	0%	0%	0%	-0.04%	-0.02%
Return on Equity (ROE)	-0%	0.04%	0.02%	0.01%	0.03%	0.01%	0.01%	0.01%	-0.1%	-0.05%
Debt / Assets	0.49%	0.49%	0.5%	0.54%	0.51%	0.58%	0.59%	0.61%	0.65%	0.67%
Debt / Equity	1.02x	1.05x	1.07x	1.24x	1.11x	1.48x	1.52x	1.66x	2.01x	2.12x
Net Debt / EBITDA	9.57x	6.95x	5.43x	6.17x	6.74x	9.02x	8.53x	8.92x	23.68x	7.79x
Book Value per Share	21.00	23.91	21.15	20.51	19.80	17.37	16.55	14.02	18.51	9.49

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	102.16M	114.39M	130.95M	144.6M	146M	176.85M	192.49M	181.82M	143.74M	299.47M
Operating CF Growth %	11.54%	0.12%	0.14%	0.1%	0.01%	0.21%	0.09%	-0.06%	-0.21%	1.08%
Operating CF / Revenue %	-	-	-	-	-	-	-	-	-	-
Net Income	-2.02M	47.58M	23.59M	10.9M	46.48M	10.78M	11.37M	12.02M	-211.91M	-131.57M
Depreciation & Amortization	92.46M	96.97M	118.34M	125.17M	131.17M	142.78M	167.68M	158.86M	233.74M	369.08M
Stock-Based Compensation	2.35M	3.75M	-3.79M	2.65M	9.53M	10.06M	11.03M	12.07M	39.19M	8.93M
Other Non-Cash Items	-2.81M	-32.54M	3.21M	5.8M	-5.28M	8.65M	-16.93M	12.35M	75.12M	84.12M
Working Capital Changes	12.63M	-2.71M	-10.94M	2.34M	-22.6M	4.58M	8.43M	-13.48M	7.6M	-31.51M
Cash from Investing+	-222.28M	134.15M	-78.98M	-457.95M	-294.48M	-470.53M	-436.57M	-16.54M	-551.9M	759.9M
Acquisitions (Net)	0	18.98M	0	0	565.53M	0	477.39M	0	-451.38M	0
Purchase of Investments	-223.07M	-4.18M	-98.78M	-480.21M	-565.53M	0	-477.39M	0	0	0
Sale of Investments	1000K	1000K	1000K	1000K	1000K	0	1000K	0	0	1000K
Other Investing	-222.3M	7.58M	-86.48M	-480.21M	-565.53M	-464.14M	-477.39M	13.4M	-53.22M	2.12M
Cash from Financing+	121.6M	-240.88M	-30.66M	312.19M	300M	140.68M	218.32M	-149.74M	469.01M	-995.36M
Dividends Paid	-97.73M	-120.39M	-143.12M	-157.26M	-161.51M	-172.49M	-176.05M	-187.14M	-233.23M	-316.18M
Common Dividends	-97.73M	-120.39M	-142.74M	-147.44M	-150.78M	-155.06M	-156.22M	-166.84M	-206.99M	-272.44M
Debt Issuance (Net)	1000K	-1000K	-1000K	1000K	1000K	1000K	1000K	1000K	1000K	-1000K
Share Repurchases	-127.31M	0	0	0	0	-470K	-156K	-686K	-1.19M	-1.04M
Other Financing	-3.94M	178K	-10.21M	160.36M	-19.61M	-14.68M	-17.47M	-10.52M	-10.09M	-7.74M
Net Change in Cash+	5.25M	-107K	30.4M	-4.03M	170.59M	-148.59M	-32.38M	11.13M	57.95M	61.81M
Exchange Rate Effect	1000K	-1000K	1000K	-1000K	1000K	1000K	-1000K	-1000K	-1000K	-1000K
Cash at Beginning	64.68M	69.94M	77.33M	107.73M	103.69M	274.29M	125.69M	93.31M	104.44M	162.4M
Cash at End	69.94M	69.83M	107.73M	103.69M	274.29M	125.69M	93.31M	104.44M	162.4M	224.21M
Free Cash Flow+	91.66M	114.19M	127.84M	143.14M	128.65M	170.47M	184.57M	151.88M	96.45M	253.84M
FCF Growth %	5.95%	0.25%	0.12%	0.12%	-0.1%	0.33%	0.08%	-0.18%	-0.36%	1.63%
FCF / Revenue %	-	-	-	-	-	-	-	-	-	-

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
FFO per Share	1.51	3.19	2.95	3.07	2.01	1.72	1.82	1.65	0.15	1.03
FFO Payout Ratio	111.05%	66.53%	72.27%	68.95%	87.01%	100.98%	87.25%	97.63%	948.25%	114.71%
NOI Margin	91.15%	91.11%	88.87%	89.82%	79.45%	90.19%	91.63%	91.32%	70.76%	82.3%
Net Debt / EBITDA	9.57x	6.95x	5.43x	6.17x	6.74x	9.02x	8.53x	8.92x	23.68x	7.79x
Debt / Assets	49.05%	49.09%	49.82%	53.56%	51.32%	58.13%	59.26%	61.03%	65.34%	66.75%
Interest Coverage	0.95x	1.54x	1.78x	1.17x	1.79x	1.38x	1.19x	1.03x	-0.09x	0.63x
Book Value / Share	21	23.91	21.15	20.51	19.8	17.37	16.55	14.02	18.51	9.49
Revenue Growth	119.88%	4.31%	21.07%	8.84%	8.51%	7.8%	18.52%	-3.16%	35.95%	56.29%

Revenue by Segment

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Real Estate Investing	205.33M	214.17M	259.3M	-	306.21M	330.1M	391.23M	234.36M	515.07M	805.01M
Real Estate Investing Growth	-	4.31%	21.07%	-	-	7.80%	18.52%	-40.10%	119.77%	56.29%
Occupancy	-	-	-	265.3M	-	-	-	-	-	-
Occupancy Growth	-	-	-	-	-	-	-	-	-	-
Tenant Reimbursements	-	-	-	16.91M	-	-	-	-	-	-
Tenant Reimbursements Growth	-	-	-	-	-	-	-	-	-	-

Revenue by Geography

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
UNITED STATES	130.6M	133.31M	133.06M	-	-	-	-	-	-	-
UNITED STATES Growth	-	2.08%	-0.19%	-	-	-	-	-	-	-
Europe	33.9M	43.6M	73.67M	-	-	-	-	-	-	-
Europe Growth	-	28.59%	68.98%	-	-	-	-	-	-	-

Frequently Asked Questions

Growth & Financials

Global Net Lease, Inc. (GNL) reported $577.4M in revenue for fiscal year 2024. This represents a 1924727% increase from $0.0M in 2012.

Global Net Lease, Inc. (GNL) grew revenue by 56.3% over the past year. This is strong growth.

Global Net Lease, Inc. (GNL) reported a net loss of $280.2M for fiscal year 2024.

Dividend & Returns

Yes, Global Net Lease, Inc. (GNL) pays a dividend with a yield of 12.78%. This makes it attractive for income-focused investors.

Global Net Lease, Inc. (GNL) has a return on equity (ROE) of -5.5%. Negative ROE indicates the company is unprofitable.

Industry Metrics

Global Net Lease, Inc. (GNL) generated Funds From Operations (FFO) of $-42.2M in the trailing twelve months. FFO is the primary profitability metric for REITs.

Global Net Lease, Inc. (GNL) offers a 12.78% dividend yield, which is attractive for income investors. REITs are required to distribute at least 90% of taxable income to shareholders.