Global Net Lease, Inc.

Global Net Lease, Inc.

GNL
Global Net Lease, Inc.US flagNew York Stock Exchange
8.67
USD
+0.00
- -
1.84BMarket Cap
Global Net Lease, Inc.
GNL
(New York Stock Exchange)

Recent

price

8.67

P/E

ratio

- -

div

yld

- -

ROIC.AI

2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
- -
0.07
1.66
3.53
3.78
3.88
4.07
3.6
3.69
3.98
3.65
3.13
2.47
2.22
2.13
Revenue per Share
-0.01
-0.12
-0.95
-0.04
0.83
0.31
0.02
0.41
-0.09
-0.09
-0.08
-1.68
-0.76
-1.21
-0.26
Basic EPS, GAAP
-0.01
-0.06
-0.17
1.76
2.02
1.96
2.08
1.72
1.98
1.96
1.75
1.01
1.3
1
1.01
Free Cash Flow per Basic Share
- -
0.03
0.63
1.68
2.12
2.14
2.27
1.9
1.93
1.79
1.8
1.64
1.37
1.06
0.97
Dividend per Share
- -
2.18
25.16
21.41
20.34
21
18.74
18.98
17.1
15.6
13.82
11.42
9.46
7.7
7.15
Book Value per Share
- -
2.18
25.09
21.35
20.13
20.66
18.44
18.73
16.84
15.39
13.61
11.22
9.24
7.49
6.94
Tangible Book Value per Share
56
56
56
58
57
67
69
85
89
98
104
143
230
223
216
Basic Weighted Avg Shares
- -
4
93
205
214
259
282
306
330
391
379
446
570
495
460
Sales/Revenue/Turnover
-583.33
42.75
42.77
26.17
32.72
33.97
32.8
32.32
30.31
32.74
32.21
31.23
39.9
37.88
37.53
Operating Margin (%)
- -
2
42
92
97
118
125
131
143
168
159
234
369
231
179
Depreciation Expense
- -
-7
-54
-2
47
24
11
46
11
11
12
-212
-132
-225
-14
Net Income, GAAP
- -
- -
- -
152.01
8.5
11.75
18.26
8.53
31.56
51.67
47.85
- -
- -
- -
373.43
Effective Tax Rate (%)
-1,376.67
-176.89
-57.39
-1.01
22.01
9.09
3.86
15.18
3.27
2.91
3.17
-47.54
-23.09
-45.52
-2.94
Profit Margin (%)
- -
9
-627
-661
-612
-196
-154
82
19
-123
-550
-1,651
127
-64
-279
Working Capital
- -
84
304
553
780
1,246
1,444
1,725
2,213
2,253
1,773
3,548
2,739
2,252
1,983
LT Debt
- -
123
1,417
1,220
1,356
1,414
1,429
1,710
1,554
1,627
1,454
2,639
2,187
1,663
1,509
Total Equity
- -
- -
- -
-1.15
2.41
2.69
2.44
2.63
1.82
1.55
1.59
- -
- -
- -
-10.69
Return on Invested Capital (%)
- -
- -
- -
-0.83
3.11
2.3
1.88
3.06
1.6
1.43
1.57
- -
- -
- -
-10.58
Return on Capital (%)
- -
-11.39
-6.96
-0.16
3.69
1.5
0.08
2.21
-0.48
-0.55
-0.55
-11.74
-7.27
-13.98
-3.43
Return on Common Equity (%)

Capital Structure

FRC

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
324
290
473
LT Borrowings
2,193
2,156
1,927
LT Finance Leases
59
57
56
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
216
212
211
Market Capitalization
1,858
1,985
1,886

Working Capital

FRC

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
345
252
276
Cash, Cash Equivalents & STI
180
125
154
Accounts Receivable, Net
28
22
2
Inventories
- -
- -
- -
Total Current Liabilities
409
358
555
Payables & Accruals
56
41
54
ST Debt
324
290
473
Deferred Revenue
28
27
27

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
6.15%
6.9%
-23.94%
Free Cash Flow
12.41%
13.02%
-25.61%
Net Income, GAAP
-405.47%
-363.57%
71.36%
Sales/Revenue/Turnover
9.83%
9.55%
-13.08%
Total Cash Common Dividend
8.37%
6.91%
-29.5%

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
148
145
139
199
570
2025
132
125
121
117
495
2026
109
112
- -
- -
- -

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-0.15
-0.2
-0.33
-0.08
-0.76
2025
-0.87
-0.16
-0.32
0.17
-1.21
2026
-0.07
-0.04
- -
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.4
0.32
0.32
0.32
1.37
2025
0.33
0.24
0.24
0.24
1.06
2026
0.24
0.24
- -
- -
- -
Business
Global Net Lease, Inc. (NYSE: GNL) is a publicly traded real estate investment trust that acquires, owns, and manages a globally diversified portfolio of primarily single-tenant net lease commercial properties leased to creditworthy, often investment-grade tenants. The company focuses on high-quality, mission-critical assets in the industrial and distribution, retail, and office sectors; its portfolio comprises approximately 852 properties totaling 43 million rentable square feet across 10 countries, with 97% occupancy, a weighted-average remaining lease term of 6.2 years, and 60% of annualized straight-line rent from investment-grade or implied investment-grade tenants. Geographically, operations span the United States and Canada (70% of rent), the United Kingdom, and Western and Northern Europe (30% of rent), with key segments including industrial and distribution (48% of rent), retail (26%), and office (26%). Founded in 2011 and headquartered at 650 Fifth Avenue, 30th Floor, New York, NY, Global Net Lease generates stable income through long-term net leases featuring contractual rent increases on 87% of the portfolio, including CPI-linked escalations on 23.1%. In recent strategic developments, the company sold its multi-tenant retail portfolio of 100 non-core properties to a subsidiary of RCG Ventures Holdings, LLC for approximately $1.8 billion at an 8.4% cash cap rate, completing phases through mid-2025 as part of a broader $3 billion disposition program launched in 2024 to deleverage and transition to a pure-play single-tenant net lease focus. This reduced net debt by $2 billion since Q3 2024 to $2.9 billion, improved the net debt to Adjusted EBITDA ratio to 7.2x, boosted liquidity to $1.1 billion, and prompted a corporate credit rating upgrade to investment-grade BBB- by Fitch Ratings. Additional changes include a $300 million share repurchase program authorized in February 2025, under which 12.1 million shares were repurchased year-to-date through October 2025 at a weighted average price of $7.59; a $1.8 billion refinancing of its revolving credit facility that lowered the interest rate spread by 35 basis points and extended debt maturity; and leasing activity adding over 1 million square feet with $10.5 million in new straight-line rent, including 26% renewal spreads.

Company News

  • The Dividend Trap: 3 High-Yield REITs That Look Cheap (But Aren't)

  • Global Net Lease, Inc. Announces Preferred Stock Dividends

  • Net Lease REITs: Diversification Or Diworsification?

  • Ameritas Advisory Services LLC Boosts Stake in Global Net Lease, Inc. $GNL

  • Global Net Lease: Dividend Coverage Is Dipping

  • The Ultimate SWAN Investment: Why Retirees Should Own Net Lease REITs

  • Greenberg Traurig Advises Global Net Lease on $535M Modiv Industrial Acquisition

  • Greenberg Traurig Advises Global Net Lease on $535M Modiv Industrial Acquisition

  • Readers Flag 31 Ideal 'Safer' Dividend Buys In July

  • Global Net Lease (NYSE:GNL) Shares Cross Above 50 Day Moving Average – Should You Sell?

  • Global Net Lease Completes Acquisition of Modiv Industrial

  • Modiv Industrial Stockholders Approve Merger with Global Net Lease

  • Global Net Lease Q2 Earnings Call Highlights

  • Global Net Lease, Inc. (GNL) Q2 2026 Earnings Call Transcript

  • Global Net Lease Reports Second Quarter 2026 Results

  • First Trust Advisors LP Purchases 453,808 Shares of Global Net Lease, Inc. $GNL

  • Global Net Lease, Inc. Announces Release Date for Second Quarter 2026 Results

  • 20 July Ideal 'Safer' Russell Index Buys You Might Choose To Hold Forever

  • Global Net Lease, Inc. Announces Common Stock Dividend for the Third Quarter 2026

  • Global Net Lease Closes $74 Million of Dispositions Since First Quarter 2026, Achieving a 7.2% Cash Cap Rate on Occupied Sales