Global Net Lease, Inc. (GNL)
Global Net Lease, Inc. is a publicly traded 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. Global Net Lease, Inc. was incorporated in 2011 in Maryland, USA.
Sector: Real Estate Investment Trusts
Industry: REIT - Diversified
Global Net Lease, Inc.
NYSE:GNLReal Estate · REIT - Diversified
-1.10%$7.20
AH Close$7.20+0.00%vs close
AH Close$7.20+0.00%vs close
Mkt Cap$1.67B
Float193.95M
O/S231.32M
Inst Own71.3%
SI5.9%
Div Yield10.56%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$497.89M
Net Income-$225.46M
Total Assets$4.35B
Free Cash Flow$189.4M
Debt & Equity
Debt 61%
Equity 39%
Preferred 0%
Total Debt$2.58B
Total Equity$1.66B
Preferred Stock$240K
Shares Outstanding
Short Interest
Split History1 split · 1 reverse
- 1:3Reverse splitMar 1, 20173 shares → 1
Balance Sheet Details
Assets$4.35B
Liabilities$2.68B
Accounts Receivable$100.85M
Accounts Payable$43.82M
Inventory$0
PP&E (Net)$63.36M
Goodwill$45.9M
Intangible Assets$0
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 | 2012-12-31 |
| Revenue | $497.89M | $805.01M | $515.07M | $378.86M | $391.23M | $330.1M | $306.21M | $282.21M | $259.3M | $214.17M | $205.33M | $93.38M | $3.95M | $30K |
| YoY Growth | -38.2% | 56.3% | 36.0% | -3.2% | 18.5% | 7.8% | 8.5% | 8.8% | 21.1% | 4.3% | 119.9% | 2263.5% | 13070.0% | - |
| Cost of Revenue | $433.58M | $142.5M | $150.61M | $32.88M | $32.75M | $32.37M | $62.93M | $28.73M | $28.86M | $19.04M | $18.18M | $7.95M | $42K | $1K |
| Gross Profit | $64.3M | $662.51M | $364.46M | $345.98M | $358.48M | $297.73M | $243.29M | $253.47M | $230.44M | $195.14M | $187.15M | $85.44M | $3.91M | $29K |
| Gross Margin | 12.9% | 82.3% | 70.8% | 91.3% | 91.6% | 90.2% | 79.5% | 89.8% | 88.9% | 91.1% | 91.1% | 91.5% | 98.9% | 96.7% |
| Research and Development | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Selling, General, and Administrative | $52.75M | $66.67M | $85.77M | $69.93M | $67.31M | $59.13M | $19.64M | $41.32M | $29.32M | $30.61M | $43.34M | $5.11M | $108K | $184K |
| Other | -$156.77M | $389.36M | $294.07M | $175.51M | $179.26M | $139.36M | $108.75M | -$23K | $22K | $20K | $79K | $291K | $1K | $21K |
| Total Operating Expenses | -$104.02M | $456.03M | $379.84M | $245.44M | $246.57M | $198.49M | $128.39M | $160.9M | $142.37M | $125.06M | $133.41M | $45.5M | $2.22M | $205K |
| Operating Income (EBIT) | $168.32M | $206.48M | -$15.38M | $100.54M | $111.91M | $99.24M | $114.89M | $68.02M | $86.05M | $60.28M | $33.21M | -$42.13M | -$6.06M | -$403K |
| Operating Margin | 33.8% | 25.6% | -3.0% | 26.5% | 28.6% | 30.1% | 37.5% | 24.1% | 33.2% | 28.1% | 16.2% | -45.1% | -153.3% | -1343.3% |
| Interest Expense | $191.83M | $326.93M | $179.41M | $97.51M | $94.34M | $71.8M | $64.2M | $57.97M | $48.45M | $39.12M | $34.86M | $14.85M | $969K | $10K |
| Interest Income | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Income (Expense) | -$282.26M | -$333.61M | -$182.05M | -$77.49M | -$88.39M | -$83.5M | -$64.09M | -$54.69M | -$60.41M | -$21.62M | -$29.34M | -$11.46M | -$933K | -$10K |
| Income Before Tax (EBT) | -$113.95M | -$127.13M | -$197.44M | $23.05M | $23.52M | $15.75M | $50.81M | $13.33M | $26.73M | $52M | $3.87M | -$55.02M | -$6.99M | -$413K |
| Income Tax Expense | $21.8M | $4.45M | $14.47M | $11.03M | $12.15M | $4.97M | $4.33M | $2.43M | $3.14M | $4.42M | $5.89M | -$1.43M | $0 | $0 |
| Net Income | -$225.46M | -$131.57M | -$211.91M | $12.02M | $11.37M | $10.78M | $46.48M | $10.9M | $23.57M | $47.14M | -$2.06M | -$53.59M | -$6.99M | -$413K |
| Net Income Margin | -45.3% | -16.3% | -41.1% | 3.2% | 2.9% | 3.3% | 15.2% | 3.9% | 9.1% | 22.0% | -1.0% | -57.4% | -176.9% | -1376.7% |
| Supplementary Data | ||||||||||||||
| EPS | -0.98 | -0.76 | -1.71 | 0.12 | 0.12 | 0.12 | 0.55 | 0.16 | 0.30 | 0.81 | -0.04 | -0.95 | -0.12 | -0.01 |
| Diluted EPS | -0.98 | -0.76 | -1.71 | 0.12 | 0.12 | 0.12 | 0.54 | 0.16 | 0.30 | 0.81 | -0.04 | -0.95 | -0.12 | -0.01 |
| Weighted Average OS | 223.25M | 230.44M | 142.58M | 103.69M | 98.28M | 89.47M | 85.03M | 69.41M | 66.88M | 56.72M | 58.10M | 56.32M | 56.32M | 56.32M |
| EBITDA | $308.59M | $568.88M | $215.72M | $279.43M | $285.54M | $230.33M | $228.82M | $196.48M | $193.52M | $188.09M | $131.19M | -$3.14M | -$3.97M | -$373K |
| EBITDA Margin | 62.0% | 70.7% | 41.9% | 73.8% | 73.0% | 69.8% | 74.7% | 69.6% | 74.6% | 87.8% | 63.9% | -3.4% | -100.6% | -1243.3% |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 | 2012-12-31 |
| Assets | ||||||||||||||
| Current Assets | ||||||||||||||
| Cash and Cash Equivalents | $180.11M | $159.7M | $121.57M | $103.33M | $89.67M | $124.25M | $270.3M | $100.32M | $102.42M | $69.83M | $69.94M | $64.68M | $11.5M | $262K |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $180.11M | $159.7M | $121.57M | $103.33M | $89.67M | $124.25M | $270.9M | $100.32M | $102.42M | $69.83M | $69.94M | $64.68M | $11.5M | $262K |
| Accounts Receivable | $100.85M | $99.5M | $84.25M | $73.04M | $74.22M | $61.01M | $51.8M | $47.18M | $16K | $5.15M | $136K | $500K | $1.77M | $0 |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$3.26M | -$22.62M | -$17.58M | -$38.39M | -$18K | -$734K | $0 |
| Other Current Assets | $63.95M | $81.92M | $44.02M | $1.11M | -$45.53M | $46.28M | $45.26M | $94.03M | $0 | $0 | $0 | $0 | $4.19M | $76K |
| Total Current Assets | $344.92M | $341.12M | $249.84M | $177.48M | $167.53M | $231.53M | $367.95M | $286.04M | $150.48M | $112.94M | $73.39M | $96.16M | $17.46M | $338K |
| Long-Term Assets | ||||||||||||||
| Property, Plant & Equipment Net | $63.36M | $74.27M | $77.01M | $49.17M | $52.85M | $3.31B | $2.89B | $2.53B | $2.37B | $2.23B | $1.96B | $1.82B | $148.14M | $1.72M |
| Goodwill | $45.9M | $51.37M | $46.98M | $21.36M | $22.06M | $0 | $0 | $22.18M | $22.77M | $13.93M | $2.99M | $3.67M | $0 | $0 |
| Intangible Assets | $0 | $0 | $0 | $689.27M | $0 | $415.73M | $423.29M | $675.55M | $629.63M | $587.06M | $518.29M | $484.08M | $47.9M | $838K |
| Long-Term Investments | $0 | $0 | $1.47M | $37.28M | $0 | $0 | $0 | $8.73M | $2.18M | $28.7M | $5.81M | $490K | $196.17M | $0 |
| Deferred Tax Assets | $5.17M | $4.87M | $4.81M | $3.65M | $1.49M | $0 | $0 | $3.29M | $1.03M | $1.59M | $2.55M | $2.1M | -$344.31M | $0 |
| Other Long-Term Assets | $3.89B | $6.48B | $7.59B | $2.98B | $3.94B | $10.24M | $15.38M | -$211.44M | -$136.09M | -$86.06M | -$15M | $24.87M | $149.57M | -$2.56M |
| Total Long-Term Assets | $4B | $6.61B | $7.72B | $3.78B | $4.02B | $3.74B | $3.33B | $3.02B | $2.89B | $2.78B | $2.47B | $2.33B | $197.47M | $2.56M |
| Other Assets | $0 | $0 | $132.61M | $0 | $1K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $40K |
| Total Assets | $4.35B | $6.96B | $8.1B | $3.96B | $4.18B | $3.97B | $3.7B | $3.31B | $3.04B | $2.89B | $2.55B | $2.43B | $214.93M | $2.93M |
| Liabilities | ||||||||||||||
| Current Liabilities | ||||||||||||||
| Accounts Payable | $43.82M | $75.73M | $99.01M | $22.89M | $25.89M | $28.31M | $22.9M | $31.53M | $23.23M | $22.86M | $18.66M | $14.79M | $2.52M | $0 |
| Short-Term Debt | $324.17M | $1.39B | $1.74B | $669.97M | $67.12M | $15.43M | $6.68M | $0 | $0 | $672M | $0 | $659.27M | $0 | $0 |
| Current Income Tax Payable | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $2.23M | $2.48M | $9.06M | $5.2M | $0 | $0 | $0 |
| Current Unearned Revenue | $28.25M | $28.73M | $46.21M | $28.46M | $0 | $0 | $0 | $16.22M | $18.54M | $18.43M | $15.49M | $12.25M | $1.86M | $0 |
| Other Current Liabilities | $950K | $0 | $0 | $0 | $32.17M | $9.7M | $5.88M | -$45.52M | -$39.29M | -$704.23M | -$34.96M | -$665.8M | $1.54M | $68K |
| Total Current Liabilities | $408.91M | $1.51B | $1.9B | $727.68M | $99.29M | $53.45M | $35.46M | $417.33M | $346.53M | $724.54M | $757.44M | $701.99M | $5.22M | $2.5M |
| Long-Term Liabilities | ||||||||||||||
| Long-Term Debt | $2.19B | $3.13B | $3.4B | $1.73B | $2.36B | $2.27B | $1.87B | $1.77B | $1.51B | $747.38M | $1.24B | $282.35M | $78.57M | $1.23M |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $32.76M | $0 | $0 | $16.22M | $18.54M | $18.43M | $15.49M | $12.25M | $1.86M | $0 |
| Long-Term Deferred Tax Liabilities | $17.8M | $5.48M | $6.01M | $7.26M | $8.25M | $0 | $0 | $15.23M | $15.86M | $15.06M | $4.02M | -$6.14M | $703K | $0 |
| Other Long-Term Liabilities | $5.3M | $3.72M | $5.14M | $328K | -$2.45B | $68.61M | $63.08M | $38.87M | $42.4M | $712.51M | $32.94M | $19.2M | $5.85M | -$1.23M |
| Total Long-Term Liabilities | $2.27B | $3.26B | $3.56B | $1.78B | $2.27B | $2.36B | $1.96B | $1.46B | $1.28B | $810.94M | $570.41M | $310.14M | $86.99M | $1.23M |
| Other Liabilities | $0 | $0 | $0 | $0 | $2.46B | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $2.68B | $4.77B | $5.46B | $2.51B | $2.56B | $2.41B | $1.99B | $1.88B | $1.62B | $1.54B | $1.33B | $1.01B | $92.21M | $3.73M |
| Stockholders' Equity | ||||||||||||||
| Preferred Stock | $240K | $240K | $240K | $115K | $113K | $107K | $103K | $54K | $54K | $0 | $0 | $0 | $0 | $43K |
| Common Stock | $3.49M | $3.64M | $3.64M | $2.37M | $2.37M | $2.23M | $2.23M | $2.09M | $2M | $1.99M | $1.69M | $1.78M | $157K | $3K |
| Retained Earnings | -$2.61B | -$2.15B | -$1.7B | -$1.25B | -$1.07B | -$896.55M | -$733.25M | -$615.45M | -$468.4M | -$346.06M | -$272.81M | -$155.12M | -$11.35M | -$445K |
| Comprehensive Income & Other | $22.17M | -$25.84M | -$14.1M | $1.15M | $15.55M | $8.07M | $20.2M | $6.81M | $19.45M | -$16.69M | -$3.65M | -$5.59M | $319K | -$43K |
| Other Stockholders' Equity | $4.27B | $4.33B | $4.34B | $2.68B | $2.69B | $2.43B | $2.43B | $2.04B | $1.88B | $1.69B | $1.48B | $1.57B | $133.91M | -$354K |
| Total Equity | $1.66B | $2.19B | $2.64B | $1.44B | $1.62B | $1.53B | $1.7B | $1.43B | $1.41B | $1.35B | $1.21B | $1.42B | $122.72M | -$796K |
| Minority Interest | $0 | $0 | $1.4M | $14.9M | $5.92M | $21.76M | $12.33M | $3.26M | $1.08M | $8.2M | $14.73M | $0 | $0 | $0 |
| Total Liabilities and Equity | $4.35B | $6.96B | $8.1B | $3.95B | $4.18B | $3.95B | $3.69B | $3.31B | $3.04B | $2.88B | $2.53B | $2.43B | $214.93M | $2.93M |
| Supplementary Data | ||||||||||||||
| Total Debt | $2.58B | $4.64B | $5.29B | $2.44B | $2.48B | $2.31B | $1.9B | $1.77B | $1.51B | $1.42B | $1.25B | $941.62M | $78.57M | $1.2M |
| Net Debt | $2.4B | $4.48B | $5.17B | $2.34B | $2.39B | $2.18B | $1.63B | $1.67B | $1.41B | $1.35B | $1.18B | $876.93M | $67.07M | $938K |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 | 2012-12-31 |
| Operating Activities | ||||||||||||||
| Net Income | -$225.46M | -$131.57M | -$211.91M | $12.02M | $11.37M | $10.78M | $46.48M | $10.9M | $23.59M | $47.58M | -$2.02M | -$53.59M | -$6.99M | -$413K |
| Depreciation & Amortization | $230.7M | $369.08M | $233.74M | $158.86M | $167.68M | $142.78M | $131.17M | $125.17M | $118.34M | $96.97M | $92.46M | $41.5M | $2.11M | $30K |
| Deferred Income Tax | $0 | $428K | $0 | $0 | $10.92M | $0 | -$13.3M | -$2.26M | $549K | $1.34M | -$450K | -$2.1M | $0 | $0 |
| Stock-Based Compensation | $12.51M | $8.93M | $39.19M | $12.07M | $11.03M | $10.06M | $9.53M | $2.65M | -$3.79M | $3.75M | $2.35M | $106K | $24K | $11K |
| Changes in Working Capital: | ||||||||||||||
| Accounts Receivable | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $5.14M | $0 | $0 | $0 | $0 | $0 |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$17.95M | $0 | $0 | $0 | $0 | $0 |
| Accounts Payable | $0 | -$22.18M | $0 | -$3.05M | -$3.53M | $8.4M | -$9.73M | $8.26M | -$593K | -$3.01M | $4.86M | $15.75M | $1.89M | $29K |
| Other Working Capital | -$16.05M | -$9.33M | $7.6M | -$10.43M | $11.96M | -$3.82M | -$12.87M | -$5.92M | $2.46M | $303K | $7.77M | -$12.36M | -$730K | -$76K |
| Total Working Capital Change | -$16.05M | -$31.51M | $7.6M | -$13.48M | $8.43M | $4.58M | -$22.6M | $2.34M | -$10.94M | -$2.71M | $12.63M | $3.39M | $1.16M | -$47K |
| Other Non-Cash Items | $221.08M | $84.12M | $75.12M | $12.35M | -$16.93M | $8.65M | -$5.28M | $5.8M | $3.21M | -$32.54M | -$2.81M | $1M | $48K | $1K |
| Net Cash from Operating | $222.79M | $299.47M | $143.74M | $181.82M | $192.49M | $176.85M | $146M | $144.6M | $130.95M | $114.39M | $102.16M | -$9.69M | -$3.65M | -$418K |
| Investing Activities | ||||||||||||||
| Capital Expenditures | -$33.39M | -$45.63M | -$47.3M | -$29.94M | -$7.92M | -$6.38M | -$17.35M | -$1.45M | -$3.12M | -$200K | -$10.49M | -$8.84M | $0 | $0 |
| Acquisitions | $0 | $0 | -$451.38M | $0 | $477.39M | $0 | $565.53M | $0 | $0 | $18.98M | $0 | $0 | $0 | $0 |
| Purchases of Investments | $0 | $0 | $0 | $0 | -$477.39M | $0 | -$565.53M | -$480.21M | -$98.78M | -$4.18M | -$223.07M | -$490K | $0 | $0 |
| Sales of Investments | $0 | $803.41M | $0 | $0 | $48.75M | $0 | $288.4M | $23.72M | $10.63M | $107.79M | $10.52M | $0 | $0 | $0 |
| Other Investing Activities | $1.84B | $2.12M | -$53.22M | $13.4M | -$477.39M | -$464.14M | -$565.53M | -$480.21M | -$86.48M | $7.58M | -$222.3M | -$1.51B | -$111.5M | -$1.36M |
| Net Cash from Investing | $1.8B | $759.9M | -$551.9M | -$16.54M | -$436.57M | -$470.53M | -$294.48M | -$457.95M | -$78.98M | $134.15M | -$222.28M | -$1.52B | -$111.5M | -$1.36M |
| Financing Activities | ||||||||||||||
| Debt Repaid | $551.07M | $348.04M | $341.43M | $137.19M | -$66.13M | -$408.77M | -$270.61M | -$239.47M | -$210.39M | $65.18M | -$244.76M | -$239.87M | - | - |
| Common Stock Issuance | $0 | $0 | $0 | $894K | $214.04M | $0 | $258.42M | $171.77M | $18.3M | $0 | $469K | $1.57B | $148.87M | $2.03M |
| Common Stock Repurchases | -$122.08M | -$1.04M | -$1.19M | -$686K | -$156K | -$470K | $0 | $0 | $0 | $0 | -$127.31M | $0 | $0 | $0 |
| Dividends Paid | -$192.06M | -$272.44M | -$206.99M | -$166.84M | -$156.22M | -$155.06M | -$150.78M | -$147.44M | -$142.74M | -$120.39M | -$97.73M | -$35.41M | -$1.77M | -$1K |
| Other Financing Activities | -$15.29M | -$7.74M | -$10.09M | -$10.52M | -$17.47M | -$14.68M | -$19.61M | $160.36M | -$10.21M | $178K | -$3.94M | -$190.63M | -$22.89M | -$3K |
| Net Cash from Financing | -$2.06B | -$995.36M | $469.01M | -$149.74M | $218.32M | $140.68M | $300M | $312.19M | -$30.66M | -$240.88M | $121.6M | $1.58B | $124.21M | $2.03M |
| Forex Effect | $5.81M | -$2.21M | -$2.9M | -$4.41M | -$6.63M | $4.4M | $19.07M | -$2.88M | $9.08M | -$7.77M | $3.77M | -$2.85M | $2.18M | $10K |
| Net Change in Cash | -$30.14M | $61.81M | $57.95M | $11.13M | -$32.38M | -$148.59M | $170.59M | -$4.03M | $30.4M | -$107K | $5.25M | $53.18M | $11.24M | $262K |
| Supplementary Data | ||||||||||||||
| Operating Cash Flow | $222.79M | $299.47M | $143.74M | $181.82M | $192.49M | $176.85M | $146M | $144.6M | $130.95M | $114.39M | $102.16M | -$9.69M | -$3.65M | -$418K |
| Capital Expenditure | -$33.39M | -$45.63M | -$47.3M | -$29.94M | -$7.92M | -$6.38M | -$17.35M | -$1.45M | -$3.12M | -$200K | -$10.49M | -$8.84M | $0 | $0 |
| Free Cash Flow | $189.4M | $253.84M | $96.45M | $151.88M | $184.57M | $170.47M | $128.65M | $143.14M | $127.84M | $114.19M | $91.66M | -$18.53M | -$3.65M | -$418K |
| Cash at Beginning | $224.21M | $162.4M | $104.44M | $93.31M | $125.69M | $274.29M | $103.69M | $107.73M | $77.33M | $69.94M | $64.68M | $11.5M | $262K | $0 |
| Cash at End | $194.06M | $224.21M | $162.4M | $104.44M | $93.31M | $125.69M | $274.29M | $103.69M | $107.73M | $69.83M | $69.94M | $64.68M | $11.5M | $262K |