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6May 7, 2026·SEC
May 5, 2026·SEC
May 5, 2026·SEC
Global Net Lease, Inc. (GNL) fundamental analysis — strengths, weaknesses & financial health based on data analysis
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Global Net Lease, Inc. (GNL) stock price & volume — 10-year historical chart
Global Net Lease, Inc. (GNL) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Global Net Lease, Inc. (GNL) EPS & revenue vs analyst estimates — last 4 quarters
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | May 5, 2026 | $0.21vs $0.10+110.0% | $109Mvs $112M-2.7% |
| Q1 2026 | Feb 25, 2026 | $0.29vs $0.21+38.1% | $117Mvs $120M-2.6% |
| Q4 2025 | Nov 5, 2025 | $0.24vs $0.21+14.3% | $121Mvs $119M+1.8% |
| Q3 2025 | Aug 6, 2025 | $0.24vs $0.20+20.0% | $125Mvs $127M-1.7% |
Global Net Lease, Inc. (GNL) competitors in Net Lease and Ground Lease REITs — business model, growth, and fundamentals comparison
Global Net Lease, Inc. (GNL) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
Global Net Lease, Inc. (GNL) annual income statement — 10-year revenue, gross profit & net income history
| Metric | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
Revenue | 259.3M | 282.21M | 306.21M | 330.1M | 391.23M | 378.86M | 515.07M | 805.01M | 497.89M | 472.16M |
Revenue Growth % | 21.07% | 8.84% | 8.51% | 7.8% | 18.52% | -3.16% | 35.95% | 56.29% | -38.15% | -29.9% |
Property Operating Expenses | 28.86M | 28.73M | 62.93M | 32.37M | 32.75M | 32.88M | 150.61M | 142.5M | 433.58M | 139.06M |
Net Operating Income (NOI) | 230.44M▲ 0% | 253.47M▲ 10.0% | 243.29M▼ 4.0% | 297.73M▲ 22.4% | 358.48M▲ 20.4% | 345.98M▼ 3.5% | 364.46M▲ 5.3% | 662.51M▲ 81.8% | 64.3M▼ 90.3% | 333.1M▲ 0% |
NOI Margin % | 88.87% | 89.82% | 79.45% | 90.19% | 91.63% | 91.32% | 70.76% | 82.3% | 12.91% | 70.55% |
Operating Expenses | 142.37M | 160.9M | 128.39M | 198.49M | 246.57M | 245.44M | 379.84M | 456.03M | -104.02M | 231.96M |
G&A Expenses | 29.32M | 41.32M | 19.64M | 59.13M | 67.31M | 69.93M | 85.77M | 66.67M | 52.75M | 55.09M |
EBITDA | 260M | 270.96M | 241.7M | 242.02M | 279.59M | 259.4M | 218.36M | 575.56M | 359.51M | 281.54M |
EBITDA Margin % | 100.27% | 96.01% | 78.93% | 73.32% | 71.46% | 68.47% | 42.39% | 71.5% | 72.21% | 59.63% |
Depreciation & Amortization | 173.95M | 202.94M | 126.81M | 142.78M | 167.68M | 158.86M | 233.74M | 369.08M | 191.19M | 180.39M |
D&A / Revenue % | 67.09% | 71.91% | 41.41% | 43.25% | 42.86% | 41.93% | 45.38% | 45.85% | 38.4% | 38.21% |
Operating Income | 86.05M▲ 0% | 68.02M▼ 21.0% | 114.89M▲ 68.9% | 99.24M▼ 13.6% | 111.91M▲ 12.8% | 100.54M▼ 10.2% | -15.38M▼ 115.3% | 206.48M▲ 1442.4% | 168.32M▼ 18.5% | 101.14M▲ 0% |
Operating Margin % | 33.19% | 24.1% | 37.52% | 30.06% | 28.61% | 26.54% | -2.99% | 25.65% | 33.81% | 21.42% |
Interest Expense | 48.45M | 57.97M | 64.2M | 71.8M | 94.34M | 97.51M | 179.41M | 326.93M | 191.83M | 3M |
Interest Coverage | 1.55x | 1.23x | 1.52x | 1.22x | 1.25x | 1.24x | -0.10x | 0.61x | 0.41x | - |
Non-Operating Income | 11.96M | -3.28M | 17.24M | 11.69M | -5.95M | -20.02M | 2.64M | 6.68M | 90.43M | -48.88M |
Pretax Income | 26.73M▲ 0% | 13.33M▼ 50.1% | 50.81M▲ 281.1% | 15.75M▼ 69.0% | 23.52M▲ 49.3% | 23.05M▼ 2.0% | -197.44M▼ 956.4% | -127.13M▲ 35.6% | -113.95M▲ 10.4% | -28.78M▲ 0% |
Pretax Margin % | 10.31% | 4.72% | 16.59% | 4.77% | 6.01% | 6.09% | -38.33% | -15.79% | -22.89% | -6.09% |
Income Tax | 3.14M | 2.43M | 4.33M | 4.97M | 12.15M | 11.03M | 14.47M | 4.45M | 21.8M | 20.16M |
Effective Tax Rate % | 11.75% | 18.26% | 8.53% | 31.56% | 51.67% | 47.85% | -7.33% | -3.5% | -19.13% | -70.07% |
Net Income | 23.57M▲ 0% | 10.9M▼ 53.8% | 46.48M▲ 326.5% | 10.78M▼ 76.8% | 11.37M▲ 5.5% | 12.02M▲ 5.8% | -211.91M▼ 1862.5% | -131.57M▲ 37.9% | -225.46M▼ 71.4% | -41.16M▲ 0% |
Net Margin % | 9.09% | 3.86% | 15.18% | 3.27% | 2.91% | 3.17% | -41.14% | -16.34% | -45.28% | -8.72% |
Net Income Growth % | -50.01% | -53.76% | 326.5% | -76.81% | 5.46% | 5.78% | -1862.54% | 37.91% | -71.36% | 86.15% |
Funds From Operations (FFO) | 197.52M▲ 0% | 213.84M▲ 8.3% | 173.28M▼ 19.0% | 153.56M▼ 11.4% | 179.04M▲ 16.6% | 170.88M▼ 4.6% | 21.83M▼ 87.2% | 237.51M▲ 988.0% | -34.27M▼ 114.4% | 139.24M▲ 0% |
FFO Margin % | 76.18% | 75.77% | 56.59% | 46.52% | 45.76% | 45.1% | 4.24% | 29.5% | -6.88% | 29.49% |
FFO Growth % | 9.16% | 8.26% | -18.97% | -11.38% | 16.6% | -4.56% | -87.23% | 988.04% | -114.43% | -73.34% |
FFO per Share | 2.95 | 3.07 | 2.01 | 1.72 | 1.82 | 1.65 | 0.15 | 1.03 | -0.15 | 0.65 |
FFO Payout Ratio % | 72.27% | 68.95% | 87.01% | 100.98% | 87.25% | 97.63% | 948.25% | 114.71% | -560.47% | 92.02% |
EPS (Diluted) | 0.30▲ 0% | 0.16▼ 46.7% | 0.54▲ 237.5% | 0.12▼ 77.8% | 0.12▲ 0.0% | 0.12▲ 0.0% | -1.71▼ 1525.0% | -0.76▲ 55.6% | -0.98▼ 28.9% | -0.19▲ 0% |
EPS Growth % | -62.96% | -46.67% | 237.5% | -77.78% | 0% | 0% | -1525% | 55.56% | -28.95% | 72.85% |
EPS (Basic) | 0.30 | 0.16 | 0.55 | 0.12 | 0.12 | 0.12 | -1.71 | -0.76 | -0.98 | - |
Diluted Shares Outstanding | 66.88M | 69.66M | 86.35M | 89.47M | 98.28M | 103.69M | 142.58M | 230.44M | 223.25M | 214.04M |
Global Net Lease, Inc. (GNL) balance sheet — assets, liabilities & shareholders' equity
| Metric | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
Total Assets | 3.04B | 3.31B | 3.7B | 3.97B | 4.18B | 3.96B | 8.1B | 6.96B | 4.35B | 4.15B |
Asset Growth % | 5.09% | 8.91% | 11.85% | 7.17% | 5.44% | -5.29% | 104.43% | -14.12% | -37.5% | -135.34% |
Real Estate & Other Assets | -136.09M | -211.44M | 15.38M | 10.24M | 3.94B | 2.98B | 7.59B | 6.48B | 3.89B | 0 |
PP&E (Net) | 2.37B | 2.53B | 2.89B | 3.31B | 52.85M | 49.17M | 77.01M | 74.27M | 63.36M | 102.5M |
Investment Securities | 1000K | 1000K | 0 | 0 | 0 | 1000K | 1000K | 0 | 0 | 0 |
Total Current Assets | 150.48M | 286.04M | 367.95M | 231.53M | 167.53M | 177.95M | 249.84M | 341.12M | 344.92M | 147.49M |
Cash & Equivalents | 102.42M | 100.32M | 270.3M | 124.25M | 89.67M | 103.33M | 121.57M | 159.7M | 180.11M | 125.48M |
Receivables | 16K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
Other Current Assets | 0 | 94.03M | 45.26M | 46.28M | -45.53M | 1.11M | 44.02M | 81.92M | 63.95M | 0 |
Intangible Assets | 629.63M | 675.55M | 423.29M | 415.73M | 0 | 689.27M | 0 | 0 | 0 | 503.28M |
Total Liabilities | 1.62B | 1.88B | 1.99B | 2.41B | 2.56B | 2.51B | 5.46B | 4.77B | 2.68B | 2.59B |
Total Debt | 1.51B | 1.77B | 1.9B | 2.31B | 2.48B | 2.44B | 5.29B | 4.64B | 2.58B | 0 |
Net Debt | 1.41B | 1.67B | 1.63B | 2.18B | 2.39B | 2.34B | 5.17B | 4.48B | 2.4B | -125.48M |
Long-Term Debt | 1.51B | 1.77B | 1.87B | 2.27B | 2.36B | 1.73B | 3.4B | 3.13B | 2.19B | 0 |
Short-Term Borrowings | 0 | 0 | 6.68M | 15.43M | 67.12M | 669.97M | 1.74B | 1.39B | 324.17M | 0 |
Capital Lease Obligations | 31.39M | 35.76M | 23.98M | 25.35M | 52.12M | 46.43M | 144.18M | 125.13M | 58.93M | 181.23M |
Total Current Liabilities | 346.53M | 417.33M | 35.46M | 53.45M | 99.29M | 727.68M | 1.9B | 1.51B | 408.91M | 0 |
Accounts Payable | 23.23M | 31.53M | 22.9M | 28.31M | 0 | 22.89M | 99.01M | 75.73M | 43.82M | 0 |
Deferred Revenue | 18.54M | 16.22M | 0 | 0 | 32.76M | 28.46M | 46.21M | 28.73M | 28.25M | 0 |
Other Liabilities | 42.4M | 38.87M | 63.08M | 68.61M | -2.45B | 328K | 5.14M | 3.72M | 5.3M | 0 |
Total Equity | 1.41B▲ 0% | 1.43B▲ 1.0% | 1.71B▲ 19.7% | 1.55B▼ 9.1% | 1.63B▲ 4.7% | 1.45B▼ 10.6% | 2.64B▲ 81.5% | 2.19B▼ 17.1% | 1.66B▼ 23.9% | 1.56B▲ 0% |
Equity Growth % | 4.3% | 1.03% | 19.68% | -9.1% | 4.66% | -10.62% | 81.52% | -17.13% | -23.94% | -92.05% |
Shareholders Equity | 1.41B | 1.43B | 1.7B | 1.53B | 1.62B | 1.44B | 2.64B | 2.19B | 1.66B | 1.56B |
Minority Interest | 1.08M | 3.26M | 12.33M | 21.76M | 5.92M | 14.9M | 1.4M | 0 | 0 | 0 |
Common Stock | 2M | 2.09M | 2.23M | 2.23M | 2.37M | 2.37M | 3.64M | 3.64M | 3.49M | 3.45M |
Additional Paid-in Capital | 1.86B | 2.03B | 2.41B | 2.42B | 2.68B | 2.68B | 4.35B | 4.36B | 4.25B | 0 |
Retained Earnings | -468.4M | -615.45M | -733.25M | -896.55M | -1.07B | -1.25B | -1.7B | -2.15B | -2.61B | -2.67B |
Preferred Stock | 54K | 54K | 103K | 107K | 113K | 115K | 240K | 240K | 240K | 68K |
Return on Assets (ROA) | 0.79% | 0.34% | 1.33% | 0.28% | 0.28% | 0.3% | -3.51% | -1.75% | -3.99% | -0.9% |
Return on Equity (ROE) | 1.7% | 0.77% | 2.96% | 0.66% | 0.71% | 0.78% | -10.35% | -5.45% | -11.71% | -2.44% |
Debt / Assets | 49.82% | 53.56% | 51.32% | 58.13% | 59.26% | 61.65% | 65.34% | 66.75% | 59.25% | 0% |
Debt / Equity | 1.07x | 1.24x | 1.11x | 1.48x | 1.52x | 1.68x | 2.01x | 2.12x | 1.55x | 0.00x |
Net Debt / EBITDA | 5.43x | 6.17x | 6.74x | 9.02x | 8.53x | 9.02x | 23.68x | 7.79x | 6.66x | -0.45x |
Book Value per Share | 21.15 | 20.51 | 19.80 | 17.37 | 16.55 | 14.02 | 18.51 | 9.49 | 7.45 | 7.29 |
Global Net Lease, Inc. (GNL) cash flow — operating, investing & free cash flow history
| Metric | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
Cash from Operations | 130.95M | 144.6M | 146M | 176.85M | 192.49M | 181.82M | 143.74M | 299.47M | 222.79M | 203.3M |
Operating CF Growth % | 14.48% | 10.42% | 0.97% | 21.13% | 8.84% | -5.54% | -20.94% | 108.34% | -25.61% | -94.52% |
Operating CF / Revenue % | 50.5% | 51.24% | 47.68% | 53.57% | 49.2% | 47.99% | 27.91% | 37.2% | 44.75% | 43.06% |
Net Income | 23.59M | 10.9M | 46.48M | 10.78M | 11.37M | 12.02M | -211.91M | -131.57M | -225.46M | -41.16M |
Depreciation & Amortization | 118.34M | 125.17M | 131.17M | 142.78M | 167.68M | 158.86M | 233.74M | 369.08M | 230.7M | 182.43M |
Stock-Based Compensation | -3.79M | 2.65M | 9.53M | 10.06M | 11.03M | 12.07M | 39.19M | 8.93M | 12.51M | 13.46M |
Other Non-Cash Items | 3.21M | 5.8M | -5.28M | 8.65M | -16.93M | 12.35M | 75.12M | 84.12M | 221.08M | 71.56M |
Working Capital Changes | -10.94M | 2.34M | -22.6M | 4.58M | 8.43M | -13.48M | 7.6M | -31.51M | -16.05M | -1.13M |
Cash from Investing | -78.98M | -457.95M | -294.48M | -470.53M | -436.57M | -16.54M | -551.9M | 759.9M | 1.8B | 974.15M |
Acquisitions (Net) | 0 | 0 | 565.53M | 0 | 477.39M | 0 | -451.38M | 0 | 0 | 0 |
Purchase of Investments | -98.78M | -480.21M | -565.53M | 0 | -477.39M | 0 | 0 | 0 | 0 | 0 |
Sale of Investments | 10.63M | 23.72M | 288.4M | 0 | 48.75M | 0 | 0 | 803.41M | 0 | 0 |
Other Investing | -86.48M | -480.21M | -565.53M | -464.14M | -477.39M | 13.4M | -53.22M | 2.12M | 1.84B | 987.96M |
Cash from Financing | -30.66M | 312.19M | 300M | 140.68M | 218.32M | -149.74M | 469.01M | -995.36M | -2.06B | -1.25B |
Dividends Paid | -143.12M | -157.26M | -161.51M | -172.49M | -176.05M | -187.14M | -233.23M | -316.18M | -235.8M | -202.09M |
Common Dividends | -142.74M | -147.44M | -150.78M | -155.06M | -156.22M | -166.84M | -206.99M | -272.44M | -192.06M | -128.12M |
Debt Issuance (Net) | -1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | -1000K | -1000K | -3M |
Share Repurchases | 0 | 0 | 0 | -470K | -156K | -686K | -1.19M | -1.04M | -122.08M | -102.67M |
Other Financing | -10.21M | 160.36M | -19.61M | -14.68M | -17.47M | -10.52M | -10.09M | -7.74M | -15.29M | -141.84M |
Net Change in Cash | 30.4M▲ 0% | -4.03M▼ 113.3% | 170.59M▲ 4328.9% | -148.59M▼ 187.1% | -32.38M▲ 78.2% | 11.13M▲ 134.4% | 57.95M▲ 420.5% | 61.81M▲ 6.7% | -30.14M▼ 148.8% | -68.73M▲ 0% |
Exchange Rate Effect | 9.08M | -2.88M | 19.07M | 4.4M | -6.63M | -4.41M | -2.9M | -2.21M | 5.81M | 6.96M |
Cash at Beginning | 77.33M | 107.73M | 103.69M | 274.29M | 125.69M | 93.31M | 104.44M | 162.4M | 224.21M | 194.06M |
Cash at End | 107.73M | 103.69M | 274.29M | 125.69M | 93.31M | 104.44M | 162.4M | 224.21M | 194.06M | 137.46M |
Free Cash Flow | 127.84M▲ 0% | 143.14M▲ 12.0% | 128.65M▼ 10.1% | 170.47M▲ 32.5% | 184.57M▲ 8.3% | 151.88M▼ 17.7% | 96.45M▼ 36.5% | 253.84M▲ 163.2% | 189.4M▼ 25.4% | 178.09M▲ 0% |
FCF Growth % | 11.95% | 11.97% | -10.12% | 32.5% | 8.27% | -17.71% | -36.5% | 163.19% | -25.39% | -18.69% |
FCF / Revenue % | 49.3% | 50.72% | 42.01% | 51.64% | 47.18% | 40.09% | 18.73% | 31.53% | 38.04% | 37.72% |
Global Net Lease, Inc. (GNL) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
FFO per Share | 2.95 | 3.07 | 2.01 | 1.72 | 1.82 | 1.65 | 0.15 | 1.03 | -0.15 | 0.65 |
FFO Payout Ratio | 72.27% | 68.95% | 87.01% | 100.98% | 87.25% | 97.63% | 948.25% | 114.71% | -560.47% | 92.02% |
NOI Margin | 88.87% | 89.82% | 79.45% | 90.19% | 91.63% | 91.32% | 70.76% | 82.3% | 12.91% | 70.55% |
Net Debt / EBITDA | 5.43x | 6.17x | 6.74x | 9.02x | 8.53x | 9.02x | 23.68x | 7.79x | 6.66x | -0.45x |
Debt / Assets | 49.82% | 53.56% | 51.32% | 58.13% | 59.26% | 61.65% | 65.34% | 66.75% | 59.25% | 0% |
Interest Coverage | 1.55x | 1.23x | 1.52x | 1.22x | 1.25x | 1.24x | -0.10x | 0.61x | 0.41x | - |
Book Value / Share | 21.15 | 20.51 | 19.8 | 17.37 | 16.55 | 14.02 | 18.51 | 9.49 | 7.45 | 7.29 |
Revenue Growth | 21.07% | 8.84% | 8.51% | 7.8% | 18.52% | -3.16% | 35.95% | 56.29% | -38.15% | -29.9% |
Global Net Lease, Inc. (GNL) SEC filings — annual & quarterly reports (10-K, 10-Q)
May 7, 2026·SEC
May 5, 2026·SEC
May 5, 2026·SEC
Feb 25, 2026·SEC
Global Net Lease, Inc. (GNL) stock FAQ — growth, dividends, profitability & financials explained
Global Net Lease, Inc. (GNL) reported $472.2M in revenue for fiscal year 2025. This represents a 1573757% increase from $0.0M in 2012.
Global Net Lease, Inc. (GNL) saw revenue decline by 38.2% over the past year.
Global Net Lease, Inc. (GNL) reported a net loss of $41.2M for fiscal year 2025.
Yes, Global Net Lease, Inc. (GNL) pays a dividend with a yield of 9.33%. This makes it attractive for income-focused investors.
Global Net Lease, Inc. (GNL) has a return on equity (ROE) of -11.7%. Negative ROE indicates the company is unprofitable.
Global Net Lease, Inc. (GNL) generated Funds From Operations (FFO) of $139.2M in the trailing twelve months. FFO is the primary profitability metric for REITs.
Global Net Lease, Inc. (GNL) offers a 9.33% dividend yield, which is attractive for income investors. REITs are required to distribute at least 90% of taxable income to shareholders.