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Global Net Lease, Inc. (GNL) Financial History

20 years of revenue, earnings, cash-flow and balance-sheet history from public filings.

REAL ESTATE · REIT - DIVERSIFIED · DATA UPDATED 2026-09-06

Global Net Lease, Inc. (GNL) operates in the REIT - DIVERSIFIED industry and is headquartered in New York, United States with about 56 employees. Its market capitalization is roughly $2 billion. In the fiscal year ended 2025-12-31, GNL reported $498M in revenue and ($225M) in net income.

Global Net Lease, Inc. is a publicly traded real estate investment trust that focuses on acquiring and managing a global portfolio of income producing net lease assets across the United States, and Western and Northern Europe. Global Net Lease, Inc. was established in 2011 and was incorporated Maryland.

Interactive charts & full statements → Open the GNL valuation workbench →

GNL Revenue & Earnings History — Annual Income Statement

Income statement	TTM → 2026-06-30	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
Total Revenue	$460M	$498M	$805M	$515M	$379M	$391M	$330M	$306M	$282M	$259M	$214M	$205M	$93M	$4M	$0M
Gross Profit	$319M	$64M	$663M	$364M	$346M	$358M	$298M	$243M	$253M	$230M	$195M	$187M	$85M	$4M	$0M
Gross Margin %	69.5%	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%
Operating Income (EBIT)	$114M	$168M	$206M	($15M)	$101M	$112M	$99M	$115M	$68M	$86M	$60M	$33M	($42M)	($6M)	$0M
Operating Margin %	24.7%	33.8%	25.7%	-3.0%	26.5%	28.6%	30.1%	37.5%	24.1%	33.2%	28.1%	16.2%	-45.1%	-153.3%	-1343.3%
Net Income	($14M)	($225M)	($132M)	($212M)	$12M	$11M	$11M	$46M	$11M	$24M	$47M	($2M)	($54M)	($7M)	$0M
Net Margin %	-2.9%	-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%
EBITDA	$346M	$269M	$569M	$216M	$279M	$286M	$230M	$224M	$196M	$201M	$165M	$131M	($3M)	($4M)	$0M
Earnings Per Share (EPS)	$-0.06	$-1.01	$-0.57	$-1.49	$0.12	$0.12	$0.12	$0.54	$0.16	$0.35	$0.83	$-0.04	$-0.95	$-0.12	$-0.01
Shares Outstanding (M)	211M	223M	230M	143M	104M	98M	89M	86M	70M	67M	57M	58M	56M	56M	56M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

GNL Quarterly Revenue & Earnings — Last 8 Quarters

Quarterly income statement	2026-06-30	2026-03-31	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30
Total Revenue	$112M	$109M	$117M	$121M	$125M	$132M	$199M	$197M
Gross Profit	$99M	$96M	$16M	$108M	$113M	$118M	$163M	$163M
Gross Margin %	88.1%	88.2%	13.3%	89.5%	90.4%	89.5%	82.1%	83.0%
Operating Income (EBIT)	$55M	$31M	$42M	($14M)	$42M	($28M)	$64M	$18M
Operating Margin %	48.7%	28.3%	36.0%	-11.7%	33.9%	-21.1%	32.1%	9.1%
Net Income	$3M	($5M)	$48M	($60M)	($24M)	($189M)	($7M)	($66M)
Net Margin %	3.1%	-4.7%	41.2%	-49.7%	-19.3%	-143.0%	-3.3%	-33.4%
EBITDA	$86M	$74M	$153M	$32M	$72M	$97M	$159M	$103M
Earnings Per Share (EPS)	$0.02	$-0.02	$0.22	$-0.27	$-0.11	$-0.82	$-0.03	$-0.28
Shares Outstanding (M)	211M	214M	219M	221M	223M	230M	230M	230M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

GNL Free Cash Flow History

Cash flow	TTM → 2026-06-30	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
Cash from Operations (CFO)	$218M	$223M	$299M	$144M	$182M	$192M	$177M	$146M	$145M	$131M	$114M	$102M	($10M)	($4M)	$0M
Capital Expenditures (CapEx)	$17M	$33M	$46M	$47M	$30M	$8M	$6M	$17M	$1M	$3M	$0M	$10M	$9M	$112M	$1M
Free Cash Flow (FCF)	$201M	$189M	$254M	$96M	$152M	$185M	$170M	$129M	$143M	$128M	$114M	$92M	($19M)	($115M)	($2M)
FCF Margin %	43.8%	38.0%	31.5%	18.7%	40.1%	47.2%	51.6%	42.0%	50.7%	49.3%	53.3%	44.6%	-19.8%	-2914.4%	-5916.7%
Dividends Paid	$210M	$236M	$316M	$233M	$187M	$176M	$172M	$162M	$157M	$143M	$120M	$98M	$35M	$2M	$0M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

GNL Quarterly Free Cash Flow — Last 8 Quarters

Quarterly cash flow	2026-06-30	2026-03-31	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30
Cash from Operations (CFO)	$67M	$40M	$56M	$56M	$52M	$59M	$75M	$62M
Capital Expenditures (CapEx)	$2M	$2M	$7M	$7M	$10M	$10M	$13M	$14M
Free Cash Flow (FCF)	$65M	$38M	$48M	$49M	$42M	$49M	$62M	$48M
FCF Margin %	58.1%	34.9%	41.4%	40.8%	33.8%	37.3%	31.1%	24.3%
Dividends Paid	$52M	$52M	$53M	$53M	$54M	$75M	$75M	$74M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

GNL Balance Sheet History

Balance sheet	2026-06-30	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
Total Assets	$4.1B	$4.3B	$7.0B	$8.1B	$4.0B	$4.2B	$4.0B	$3.7B	$3.3B	$3.0B	$2.9B	$2.5B	$2.4B	$215M	$3M
Cash & Cash Equivalents	$168M	$180M	$160M	$122M	$103M	$90M	$124M	$270M	$100M	$102M	$70M	$70M	$65M	$12M	$0M
Total Liabilities	$2.6B	$2.7B	$4.8B	$5.5B	$2.5B	$2.6B	$2.4B	$2.0B	$1.9B	$1.6B	$1.5B	$1.3B	$1.0B	$92M	$4M
Total Debt (Short + Long-Term)	$2.4B	$2.5B	$4.5B	$5.1B	$2.4B	$2.3B	$2.2B	$1.7B	$1.8B	$1.5B	$1.5B	$1.2B	$947M	$82M	$1M
Total Shareholders' Equity	$1.5B	$1.7B	$2.2B	$2.6B	$1.5B	$1.6B	$1.5B	$1.7B	$1.4B	$1.4B	$1.4B	$1.2B	$1.4B	$123M	($1M)

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

Quarterly statements, profitability ratios, price history, insider activity and institutional holders are in the interactive GNL viewer.

Other Companies in REIT - DIVERSIFIED

WPC · W P Carey Inc — $15 billion
AAT · American Assets Trust Inc — $2 billion
ESRT · Empire State Realty Trust Inc — $1 billion
SAFE · Safehold Inc — $931 million
JBGS · JBG SMITH Properties — $867 million
CTO · CTO Realty Growth Inc — $781 million

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