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MARKETS / NYSE / GNL
NYSE · REAL ESTATE INVESTMENT TRUSTS · LARGE CAP

Global Net Lease, Inc. GNL

14 fiscal years on record · USD · FY2025 reported · SEC filings only
$495.3M
▼ 13.1% YoY
$-225.5M
In brief

What this company does

Global Net Lease, Inc. is an internally managed real estate investment trust that focuses on acquiring and managing a global portfolio of income producing net lease assets across the U.S. and Western and Northern Europe. As of December 31, 2025, the company owned 820 properties consisting of 40.7 million rentable square feet, which were 97% leased, with a weighted-average remaining lease term of 6.1 years. Based on the percentage of annualized rental income on a straight-line basis as of December 31, 2025, approximately 74% of its properties were located in the U.S. and Canada and approximately 26% were located in Europe. As of December 31, 2025, the company's portfolio was comprised of 46% Industrial & Distribution properties, 27% Retail properties and 27% Office properties, representing its three reportable segments. As of December 31, 2025, the company had 56 employees located across the United States (52 employees) and Europe (four employees).

Written from the business description in Global Net Lease, Inc.'s annual report to the U.S. Securities and Exchange Commission, filed 25 February 2026. Every sentence was checked against that document before publication.

Growth
USD 495.3M
Revenue, FY2025 · full 14-year series below
Revenue $M Net income $M
FY2025 · Revenue 495.3 · Net income -225.5
200M400M-80M-160M20122014201620182020202220242025
Compound annual growth
+9.3%
+8.5%
+9.2%
+23.2%
+15.0%
+12.1%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +8.5% a year over five years.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability
−46 cents
lost on every revenue dollar
Operating margin Net margin
FY2025 · Operating 22.4% · Net -45.5%
-500%-1000%20122014201620182020202220242025
ROE
FY2025 · ROE -11.7%
1%2%3%-5%-10%20122014201620182020202220242025

Each USD of equity lost 12 cents this year.

Cash & shareholders
USD 312.3M
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2019 · FCF 128.7
50M100M-8M-16M20122014201620182020202220242025
Net buybacks $B Dividends $B
FY2025 · Dividends 0.2 · Net buybacks 0.1
0.2B-0.8BDividendsNet buybacks20122014201620182020202220242025

USD 192.1M in dividends and USD 120.3M in buybacks went back to shareholders in a year without profit.

Total assetsUSD 4.3B
EquityUSD 1.7B
CashUSD 180.1M
Gross debtUSD 1.3B
Net debtUSD 1.1B

Net debt stands at 65% of equity.

The 14-year record
14 fiscal years
Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative
Metric 20252024202320222021202020192018201720162015201420132012
Revenue $B0.50.60.40.40.40.30.30.30.30.20.20.10.00.0
Operating income $B0.10.2−0.00.10.10.10.10.10.10.10.0−0.0−0.0−0.0
EBITDA $B0.20.40.10.20.20.20.20.10.10.10.1−0.0−0.0−0.0
Income tax $B0.00.00.00.00.00.00.00.00.00.00.0−0.00.00.0
Net income $B−0.2−0.1−0.20.00.00.00.00.00.00.0−0.0−0.1−0.0−0.0
Free cash flow $B······0.10.10.10.10.1−0.0−0.0−0.0
EPS, diluted $−1.21−0.76−1.71−0.09−0.20−0.090.390.010.300.82−0.04−0.43−1.28−6.43
Dividend / sh $0.841.181.551.601.601.732.132.132.13··0.210.34·
Payout %−85−207−981388137414393241353605255−4733−66−25−0
ROE %−11.7−5.5−10.40.80.70.73.00.81.73.7−0.2−7.0−11.5·
Shares out B0.220.230.230.100.100.090.090.080.070.070.170.180.020.00

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Provenance
Company facts, as filed
How we verify · 1 failures in 42 reconciliationsAUDITED

Reconciled in 13 of 19 fiscal years. 20 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente1 failures
ActivityReal Estate Investment Trusts
Listed onNYSE
Incorporated inNew York
Fiscal year endsDecember 31
Data on record since2012

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