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Global Net Lease
(NYSE:GNL)
Global Net Lease (GNL) vs. SPDR S&P 500 ETF (SPY)
Global Net Lease Business Overview & Revenue Model
Global Net Lease Earnings Call Summary
Global Net Lease Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 577.45M | 805.01M | 515.07M | 378.86M | 391.23M | 330.10M |
| Gross Profit | 503.19M | 662.51M | 364.46M | 345.98M | 358.48M | 297.73M |
| EBITDA | 361.17M | 568.88M | 215.72M | 279.43M | 285.54M | 230.33M |
| Net Income | -280.16M | -131.57M | -211.91M | 12.02M | 11.37M | 10.78M |
Balance Sheet | ||||||
| Total Assets | 4.77B | 6.96B | 8.10B | 3.96B | 4.18B | 3.97B |
| Cash, Cash Equivalents and Short-Term Investments | 165.09M | 159.70M | 121.57M | 103.33M | 93.31M | 124.25M |
| Total Debt | 2.95B | 4.64B | 5.29B | 2.42B | 2.48B | 2.31B |
| Total Liabilities | 3.06B | 4.77B | 5.46B | 2.51B | 2.56B | 2.41B |
| Stockholders Equity | 1.70B | 2.19B | 2.64B | 1.44B | 1.62B | 1.53B |
Cash Flow | ||||||
| Free Cash Flow | 202.98M | 253.84M | 96.45M | 151.88M | 184.57M | 170.47M |
| Operating Cash Flow | 242.03M | 299.47M | 143.74M | 181.82M | 192.49M | 176.85M |
| Investing Cash Flow | 1.63B | 759.90M | -551.90M | -16.54M | -436.57M | -470.53M |
| Financing Cash Flow | -1.85B | -995.36M | 469.01M | -149.74M | 218.32M | 140.68M |
Global Net Lease Technical Analysis
Global Net Lease Risk Analysis
Global Net Lease Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
70 Neutral | $14.28B | 39.42 | 4.36% | 5.51% | 5.59% | -34.75% | |
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
65 Neutral | $1.15B | 32.99 | 3.80% | 2.07% | 0.45% | -24.85% | |
62 Neutral | $1.87B | -6.95 | -12.53% | 10.02% | -28.94% | -28.24% | |
61 Neutral | $559.47M | 51.63 | 4.09% | 9.08% | -39.94% | ― | |
61 Neutral | $3.31B | 37.81 | 3.05% | 6.65% | 3.87% | -37.59% | |
59 Neutral | $1.17B | 18.78 | 5.29% | 7.13% | 5.95% | 5.06% |
Global Net Lease Corporate Events
On December 18, 2025, Global Net Lease, Inc. declared quarterly dividends on four series of its preferred stock, underscoring its continued cash distributions to preferred shareholders. The company set dividends of $0.453125 per share for its 7.25% Series A, $0.4296875 per share for its 6.875% Series B, $0.46875 per share for its 7.50% Series D, and $0.4609375 per share for its 7.375% Series E preferred stock, all payable on January 15, 2026 to holders of record as of the close of business on January 2, 2026, reinforcing the REIT’s income-oriented profile and providing visibility on near-term returns for preferred investors.
On December 8, 2025, Global Net Lease, Inc. announced an agreement to sell the McLaren Campus in Woking, Surrey, England, for £250 million, reflecting a significant increase in property value since its acquisition in April 2021. The sale is expected to enhance GNL’s financial position by reducing debt and increasing liquidity, allowing the company to pursue strategic initiatives that could drive long-term earnings growth.
On November 7, 2025, Global Net Lease, Inc. filed a prospectus supplement to register the resale of its common stock shares held by certain stockholders. This filing replaces a previous prospectus supplement related to an expired registration statement, and the company will not receive any proceeds from these sales.
On November 4, 2025, Global Net Lease, Inc. terminated its February 2019 and December 2019 Equity Distribution Agreements in connection with the expiration of its universal shelf registration statement. This decision means no further offers or sales of Common Stock and Series B Preferred Stock will be made under these agreements, with no termination penalties incurred by the company.
On November 6, 2025, Global Net Lease, Inc. held a conference call to discuss its financial results for the third quarter of 2025. The company highlighted its strategic achievements over the past two years, including a successful disposition program that reduced leverage and improved portfolio quality. A significant milestone was the $1.8 billion sale of a multi-tenant retail portfolio in June 2025, which helped position GNL as a pure-play single-tenant net lease REIT. Additionally, the refinancing of its Revolving Credit Facility in August 2025 extended maturity and reduced interest rates, contributing to an upgrade of its corporate credit rating to investment-grade by Fitch Ratings. The company also reported strong leasing activity and a stable tenant base, with a high percentage of investment-grade tenants, reflecting its strategic focus on maintaining a high-quality portfolio.
On November 5, 2025, Global Net Lease announced its financial results for the third quarter of 2025, highlighting significant achievements such as an upgrade in its corporate credit rating to investment-grade BBB- by Fitch Ratings. The company successfully reduced its net debt by $2 billion since the third quarter of 2024 and increased its liquidity to $1.1 billion. Despite a decrease in revenue from $138.7 million in Q3 2024 to $121.0 million in Q3 2025 due to asset dispositions, GNL improved its financial position by executing a $1.8 billion refinancing of its revolving credit facility, lowering its cost of capital, and extending its weighted average debt maturity. The company also repurchased 12.1 million shares, totaling $92 million, and raised its full-year AFFO per share guidance.
On November 5, 2025, Global Net Lease, Inc. presented an investor presentation highlighting its strategic achievements in the third quarter of 2025. The company successfully reduced its net debt by $2.0 billion through strategic dispositions, including a $1.8 billion multi-tenant retail portfolio sale, and refinanced its revolving credit facility. These actions led to an upgrade of its corporate credit rating to BBB- by Fitch, reflecting a strengthened balance sheet and enhanced financial flexibility. GNL also reported strong leasing activity with a 26.4% renewal leasing spread, supporting an increase in full-year 2025 AFFO per share guidance.
On October 17, 2025, Global Net Lease, Inc. announced that Fitch Ratings has upgraded its corporate credit rating to investment-grade BBB- from BB+. This upgrade reflects the company’s strategic achievements over the past two years, including approximately $3 billion in asset dispositions, refinancing of its Revolving Credit Facility, and the establishment of a high-quality asset portfolio with a strong tenant base. These efforts have strengthened GNL’s balance sheet, enhanced liquidity, and positioned the company for long-term success, thereby creating sustained value for shareholders.
On October 16, 2025, Global Net Lease, Inc. announced that it will release its financial results for the third quarter of 2025 on November 5, 2025, after the close of trading on the NYSE. The company will host a conference call and webcast on November 6, 2025, to discuss the results and provide business performance commentary, indicating an opportunity for stakeholders to gain insights into the company’s recent operations and strategic positioning.
On October 1, 2025, Global Net Lease, Inc. announced a dividend of $0.190 per share of common stock, payable on October 16, 2025, to shareholders of record as of October 13, 2025. This announcement reflects the company’s ongoing commitment to providing returns to its investors, potentially impacting its market positioning by reinforcing shareholder value and confidence.