Pricing Log in Create free account
Wednesday 4 November 2026 Export GNL’s income statement to Excel — free account

Global Net Lease, Inc.

GNL Real Estate Reit Diversified

Global Net Lease, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $495.3 million, down 13.1% from fiscal 2024.

Revenue
−9.95%
EPS
+75.0%
Free cash flow
+54.7%
Total debt
−14.8%

Quarter to June 2026, against a year earlier

7.08 0.16 +2.31%
Market cap
$1.6B
P/E
0.0×
Fwd P/E
−55.0×
Dividend yield
11.0%
F-score
7/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

Insider Decisions last twelve months

Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — — — — — — — —
Sell — — — — — — — — — — — —
Insider Ownership 0.33%

Capital & Financial Ratios $m

Size
Market Cap 1,600.00
Revenue ttm 459.73
Net income ttm (13.53)
Free cash flow ttm 201.18
Net debt Q 1,244.97
Valuation
P/E 0.00
Forward P/E (55.00) (negative: loss-making)
Price / sales 3.18
Forward P/S Powerpack
Price / FCF 7.26
Price / book 0.97
Financial health
Current ratio Q 0.16
Debt / equity Q 0.94
Interest coverage Q 1.41
Growth
Revenue growth Q −9.95% (below 0%: shrinking)
Operating income growth Q +29.40% (above 0%: growing)
EPS, this year +92.36% (at or above 15%: strong)
EPS, next year A +62.16% (at or above 15%: strong)
Revenue, next year A −8.44% (below 0%: weak)
EPS, past 5 yrs —
EPS, next 5 yrs A +52.46% (at or above 15%: strong)

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 5.9×, against a ten-year median of 6.1×; over the ten years it ranged from 4.0× in 2022 to 10.0× in 2016.
P/S against its own 10 years 15.45%
10-year low 10-year high
P/B against its own 10 years 47.01%
10-year low 10-year high
EV/Sales against its own 10 years 39.12%
10-year low 10-year high
EV/FCF against its own 10 years 5.47%
10-year low 10-year high

Dividends

Yield
11.0%
Annual rate
0.76
Payout ratio
—
Growth, 2018–26
−12.1%/yr
  1. 2.13 ’18
  2. 1.78 ’19 −17
  3. 1.73 ’20 −2
  4. 1.60 ’21 −8
  5. 1.60 ’22 +0
  6. 1.55 ’23 −3
  7. 1.18 ’24 −24
  8. 0.85 ’25 −28
  9. 0.76 ’26 −10
paid change on the year, % Powerpack

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 162 224 194 168
Receivables — — — —
Inventory — — — —
Other — — — —
162 224 194 168
2023 2024 2025 Q'26
Payables 99 53 44 43
ST’ Debt — — — —
Other — — — —
2,617 2,728 2,237 1,030

Compound Annual Growth %

10y 5y 3y
Sales 9.20% 8.45% 9.34%
Cash Flow 8.11% 4.73% 7.01%
Earnings 0.00% 0.00% 0.00%
Book Value 3.15% 1.37% 4.59%

Earnings Trends EPS, adjusted, against the consensus

Q4 FY25 Estimate 0.21 Actual 0.29

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Q1 FY25 0.24 0.29 Beat by 0.05
Q2 FY25 0.20 0.24 Beat by 0.04
Q3 FY25 0.21 0.24 Beat by 0.03
Q4 FY25 0.21 0.29 Beat by 0.08

EPS $

Mar Jun Sep Dec Year
’26 (0.08) (0.04) — — —
’25 (0.87) (0.16) (0.32) 0.16 (1.21)
’24 (0.15) (0.20) (0.33) (0.08) (0.76)
’23 (0.06) (0.30) (1.11) (0.26) (1.71)
’22 0.05 (0.06) 0.09 (0.17) (0.09)
’21 (0.01) (0.14) 0.02 (0.08) (0.20)
’20 0.05 0.01 (0.01) (0.15) (0.09)
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 109 112 — — —
’25 132 125 121 117 495
’24 148 145 139 138 570
’23 94 96 118 137 446
’22 97 95 93 94 379
’21 89 100 96 107 391
’20 79 81 83 87 330
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 40 67 — — —
’25 59 52 56 56 223
’24 92 70 62 75 299
’23 63 21 4 56 144
’22 62 44 54 22 182
’21 53 5 100 34 192
’20 42 48 47 41 177
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 38 65 — — —
’25 49 42 49 48 189
’24 84 60 48 62 254
’23 (26) 18 (15) (15) (38)
’22 60 7 39 11 118
’21 50 (262) 61 (142) (293)
’20 (73) 15 19 (256) (294)
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

1.9
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Jun ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue 214 259 282 306 330 391 379 446 570 495 460 +9.8% 454 475 501 +0.4%
Gross margin, % 91.11 88.87 89.82 90.75 90.19 91.63 91.32 90.03 88.71 89.66 88.78 (1.5) pt
EBT 52 27 13 51 16 24 23 (177) (75) (114) 6 n/m
EBT margin, % 24.28 10.31 4.72 16.59 4.77 6.01 6.09 (39.65) (13.15) (23.01) 1.28 (47.3) pt
Net income 48 24 11 46 11 11 12 (212) (132) (225) (14) n/m
Per share, $
Per share, $ Revenue 3.78 3.88 4.07 3.60 3.69 3.98 3.65 3.13 2.47 2.22 2.18 (5.7%)
Earnings 0.81 0.30 0.01 0.40 (0.09) (0.20) (0.09) (1.71) (0.76) (1.21) (0.28) n/m
Cash flow 2.02 1.96 2.08 1.72 1.98 1.96 1.75 1.01 1.30 1.00 1.03 (7.5%)
Capex 0.00 (1.52) (6.93) (6.82) (5.26) (4.94) (0.62) (1.27) (0.20) (0.15) (0.08) +51.8%
Free cash flow 2.01 0.43 (4.85) (5.10) (3.28) (2.98) 1.14 (0.26) 1.10 0.85 0.95 (9.2%)
Book value 23.91 21.15 20.58 20.11 17.37 16.55 14.02 18.51 9.49 7.45 7.14 (12.1%)
Shares, m 57 67 69 85 89 98 104 143 230 223 217 +16.4%
Valuation, ×
Valuation, × P/E 29.52 66.35 881.00 50.70 0.00 0.00 0.00 0.00 0.00 0.00 0.00 102.8
P/S 6.33 5.31 4.33 5.63 4.65 3.84 3.48 3.18 2.95 3.88 3.18 4.4
P/B 1.00 0.97 0.86 1.01 0.99 0.92 0.91 0.54 0.77 1.15 0.97 0.9
EV/Sales 8.85 6.93 6.24 6.69 5.51 4.89 4.98 8.71 5.00 6.01 5.88 6.4
EV/FCF 16.60 61.83 (5.24) (4.72) (6.19) (6.53) 15.98 (103.14) 11.22 15.72 13.45 (0.4)
Cash, $m
Cash, $m Operating cash flow 114 131 145 146 177 192 182 144 299 223 218 +7.7%
Capex 0 (102) (481) (580) (471) (485) (64) (181) (46) (33) (17) +76.6%
Free cash flow 114 29 (337) (434) (294) (293) 118 (38) 254 189 201 +5.8%
Balance, $m
Balance, $m Working capital (688) (900) (1,058) (1,021) (1,757) (1,855) (1,645) (2,454) (2,503) (2,043) (862) +12.9%
Net debt 539 421 539 323 286 411 566 2,468 1,166 130 1,245 (14.6%)
Shareholders’ equity 1,356 1,414 1,429 1,710 1,554 1,627 1,454 2,639 2,187 1,663 1,509 +2.3%
Returns, %
Returns, % ROA 1.74 0.70 0.03 0.99 (0.20) (0.21) (0.21) (3.97) (2.33) (4.76) (1.27) (6.5) pt
ROIC 1.99 2.93 2.16 3.53 3.37 3.43 3.11 (0.19) 3.51 3.87 4.14 +1.9 pt
ROE 3.66 1.50 0.08 2.20 (0.48) (0.55) (0.54) (11.70) (7.27) (13.98) (3.43) (17.6) pt
People
People Employees — 1 1 1 1 1 1 77 73 56 — +65.4%
Revenue/emp, $m 0.00 259.30 282.21 306.21 330.10 391.23 378.86 5.79 7.81 8.84 — n/m
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Global Net Lease, Inc. vs peers in Reit Diversified (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
BNL Broadstone Net Lease, Inc. $3.5B 23.4× 23.4× +6.74% (above 0%: growing) +5.36% (above 0%: growing) −35.28% (below 0%: shrinking) 93.98% 42.25% Compare
GNL Global Net Lease, Inc. $1.6B — (loss-making) — (loss-making) −9.95% (below 0%: shrinking) n/m +54.71% (above 0%: growing) 88.09% 48.66%
AAT American Assets Trust, Inc. $1.3B 56.3× 62.5× +4.29% (above 0%: growing) +135.71% (above 0%: growing) −58.53% (below 0%: shrinking) 70.60% 25.77% Compare
JBGS JBG SMITH Properties $874.5M — (loss-making) — (loss-making) +2.29% (above 0%: growing) n/m +71.92% (above 0%: growing) 62.69% 2.98% Compare
ESRT Empire State Realty Trust, Inc. $874.3M 168× 110× +2.95% (above 0%: growing) n/m +42.29% (above 0%: growing) 74.97% (70.45%) Compare
SAFE Safehold Inc. $795.3M 6.9× 7.0× +22.17% (above 0%: growing) +7.69% (above 0%: growing) −181.89% (below 0%: shrinking) 87.18% 73.05% Compare
CTO CTO Realty Growth, Inc. $774.4M 16.7× 45.8× +24.25% (above 0%: growing) n/m −258.74% (below 0%: shrinking) 75.31% 24.66% Compare
AHRT AH Realty Trust Inc $633.0M — (loss-making) — (loss-making) +3.60% (above 0%: growing) n/m +105.02% (above 0%: growing) 67.20% 18.62% Compare
GOOD Gladstone Commercial Corporation $562.4M 88.2× 45.7× +3.86% (above 0%: growing) n/m +148.24% (above 0%: growing) 0.00% 22.41% Compare
Median of peers $834.8M 39.9× 45.8× +4.08% +7.69% +3.51% 72.79% 23.54%

All 16 Reit Diversified stocks →

Pay and ownership Proxy statement filed 7 April 2026

Ownership

Directors and executive officers, together less than 1%
BlackRock, Inc. 15.20%
The Vanguard Group 15.10%
Bellevue Capital Partners LLC 9.90%
State Street Corporation 5.40%
Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more. Read the proxy statement

Global Net Lease, Inc. (GNL) Latest News

4 Nov

Impact 3 · · GlobeNewswire

25 Oct

Impact 3 · · Simply Wall St.

23 Sep

Impact 4 · · Insider Monkey

22 Sep

Impact 4 ·

18 Sep

Impact 4 ·

13 Aug

Impact 4 ·

12 Aug

Impact 3 · · The Motley Fool transcript

11 Aug

Impact 4 · · MarketBeat

10 Aug

Impact 4 ·

8 Aug

Impact 3 · · MarketBeat transcript

6 Aug

Impact 4 ·
Impact 3 · · Moby transcript

5 Aug

Impact 3 ·

18 May

Impact 3 · · Simply Wall St.

14 May

Impact 4 · · Insider Monkey

10 May

Impact 3 · · MarketBeat

7 May

Impact 4 · · The Motley Fool transcript

6 May

Impact 3 · · Moby

5 May

Impact 3 · · GlobeNewswire

4 May

Impact 4 · · GuruFocus.com
Impact 4 · · Benzinga
Impact 4 · · Benzinga
Impact 4 ·

27 Apr

Impact 3 · · Simply Wall St.

16 Mar

Impact 3 · · Simply Wall St.

1 Mar

Impact 4 · · Simply Wall St.

28 Feb

Impact 4 · · MarketBeat

26 Feb

Impact 4 · · GuruFocus.com
Impact 4 · · Moby
Impact 4 · · The Motley Fool transcript
stockrow.com/GNL · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com