Global Net Lease, Inc. (GNL) Revenue History
Annual and quarterly revenue from 2014 to 2025
Compound Annual Growth Rate (CAGR)
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GNL Revenue Growth
Revenue Breakdown (FY 2025)
GNL's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
By Geography
GNL Revenue Analysis (2014–2025)
As of May 8, 2026, Global Net Lease, Inc. (GNL) generated trailing twelve-month (TTM) revenue of $472.2 million, reflecting significant decline in growth of -17.5% year-over-year. The most recent quarter (Q1 2026) recorded $109.3 million in revenue, down 6.6% sequentially.
Looking at the longer-term picture, GNL's 5-year compound annual growth rate (CAGR) stands at +8.6%, indicating steady revenue expansion. The company achieved its highest annual revenue of $805.0 million in 2024.
Revenue diversification analysis shows GNL's business is primarily driven by Real Estate Investing (100%). With over half of revenue concentrated in Real Estate Investing, the company maintains significant focus in this area while developing other growth vectors.
When compared to Real Estate sector peers including WPC (+24.5% YoY), NNN (+5.8% YoY), and EPRT (+24.7% YoY), GNL has underperformed the peer group in terms of revenue growth. Compare GNL vs WPC →
GNL Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| GNLCurrent | $472M | -17.5% | +8.6% | 33.8% | |
 WPC | $1.7B | +24.5% | +8.0% | 44.4% | |
 NNN | $926M | +5.8% | +7.0% | 61.5% | |
 EPRT | $562M | +24.7% | +27.9% | 64.5% | |
 ADC | $718M | +17.8% | +23.6% | 47.4% | |
 O | $5.7B | +9.8% | +28.4% | 28.3% |
GNL Historical Revenue Data (2014–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $497.9M | -38.2% | $64.3M | 12.9% | $168.3M | 33.8% |
| 2024 | $805.0M | +56.3% | $662.5M | 82.3% | $206.5M | 25.6% |
| 2023 | $515.1M | +36.0% | $364.5M | 70.8% | $-15,382,000 | -3.0% |
| 2022 | $378.9M | -3.2% | $346.0M | 91.3% | $100.5M | 26.5% |
| 2021 | $391.2M | +18.5% | $358.5M | 91.6% | $111.9M | 28.6% |
| 2020 | $330.1M | +7.8% | $297.7M | 90.2% | $99.2M | 30.1% |
| 2019 | $306.2M | +8.5% | $243.3M | 79.5% | $114.9M | 37.5% |
| 2018 | $282.2M | +8.8% | $253.5M | 89.8% | $68.0M | 24.1% |
| 2017 | $259.3M | +21.1% | $230.4M | 88.9% | $86.0M | 33.2% |
| 2016 | $214.2M | +4.3% | $195.1M | 91.1% | $60.3M | 28.1% |
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Start ComparisonGNL — Frequently Asked Questions
Quick answers to the most common questions about buying GNL stock.
Is GNL's revenue growth accelerating or slowing?
GNL revenue declined -17.5% year-over-year, contrasting with the 5-year CAGR of +8.6%. TTM revenue fell to $472M. This reverses the prior growth trend.
What is GNL's long-term revenue growth rate?
Global Net Lease, Inc.'s 5-year revenue CAGR of +8.6% reflects the variable expansion pattern. Current YoY growth of -17.5% is below this long-term average.
How is GNL's revenue distributed by segment?
GNL reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2014-2025 are available for download. Segment mix reveals concentration and diversification trends.