SequelSEC

Global Net Lease, Inc. GNL

Real Estate Investment Trusts · CIK 0001526113 · Fiscal year ends 1231

AnnualQuarterlyTTM
Revenue
$495.29M
Fiscal year ended 2025-12-31
Operating income
$110.98M
Fiscal year ended 2025-12-31
Free cash flow
Unavailable
Fiscal year ended 2025-12-31

Global Net Lease, Inc. (GNL) reported revenue of $495.29M for the fiscal year ended 2025-12-31. This page shows 10 annual periods of income statement, balance sheet and cash flow figures normalized from Global Net Lease, Inc.’s SEC filings, each linked to the filing it came from. It is classified by the SEC under Real Estate Investment Trusts.

Income

Global Net Lease, Inc. income by fiscal year, in US dollars, normalized from SEC filings.
Metric2025-12-312024-12-312023-12-312022-12-312021-12-312020-12-312019-12-312018-12-312017-12-312016-12-31
Revenue$495.29M$569.79M$445.76M$378.86M$391.23M$330.10M$306.21M$282.21M$259.30M$214.17M
Cost of revenueUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable$28.23M$24.46M$19.75M
Gross profitUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable$194.42M
Operating income$110.98M$188.12M-$15.29M$100.54M$111.91M$99.24M$114.90M$68.02M$87.14M$73.62M
Net incomeUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable$47.14M
Research & developmentUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Weighted-average diluted sharesshares 223.26Mshares 230.44Mshares 142.58Mshares 103.69Mshares 98.28Mshares 89.47Mshares 86.35Mshares 69.66Mshares 66.88Mshares 56.72M
Pretax income-$113.95M-$74.92M-$176.74M$23.06M$23.52M$15.75M$50.81M$13.33M$26.73M$52.00M
Income tax expense$21.80M$4.44M$14.48M$11.03M$12.15M$4.97M$4.33M$2.43M$3.14M$4.42M
Diluted EPS$-1.21$-0.76$-1.71$-0.09$-0.20$-0.09$0.39$0.01$0.30Unavailable
Selling, general & administrativeUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
General & administrative$52.75M$52.36M$37.20M$17.74M$17.23M$13.26M$10.11M$10.44M$8.65M$7.11M
Selling & marketingUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable

Balance

Global Net Lease, Inc. balance by fiscal year, in US dollars, normalized from SEC filings.
Metric2025-12-312024-12-312023-12-312022-12-312021-12-312020-12-312019-12-312018-12-312017-12-312016-12-31
Cash & equivalents$180.11M$159.70M$121.57M$103.34M$89.67M$124.24M$270.30M$100.32M$102.42MUnavailable
Total assets$4.35B$6.96B$8.10B$3.96B$4.18B$3.97B$3.70B$3.31B$3.04B$2.89B
Current assetsUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Total liabilities$2.68B$4.77B$5.46B$2.51B$2.56B$2.41B$1.99B$1.88B$1.62B$1.54B
Current liabilitiesUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Total equity incl. NCI$1.66B$2.19B$2.64B$1.45B$1.63B$1.55B$1.71B$1.43B$1.41B$1.36B
Temporary (mezzanine) equityUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
InventoryUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Accounts receivableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Goodwill$45.90M$51.37M$46.98M$21.36M$22.06MUnavailableUnavailableUnavailableUnavailableUnavailable
Long-term debtUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable$0$55.38M
Accounts payableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable

Cash flow

Global Net Lease, Inc. cash flow by fiscal year, in US dollars, normalized from SEC filings.
Metric2025-12-312024-12-312023-12-312022-12-312021-12-312020-12-312019-12-312018-12-312017-12-312016-12-31
Operating cash flow$222.79M$299.47M$143.74M$181.82M$192.49M$176.85M$146.00M$144.60M$130.95M$114.39M
Capital expendituresUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable$17.35M$1.45M$3.12MUnavailable
Investing cash flow$1.80B$759.90M-$551.90M-$16.54M-$436.57M-$470.53M-$294.48M-$457.95M-$78.98M$134.15M
Financing cash flow-$2.06B-$995.36M$469.01M-$149.74M$218.32M$140.68M$300.00M$312.19M-$30.66M-$236.70M
Net change in cashUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Stock-based compensation$12.51M$8.93M$17.30M$12.07M$11.03M$10.06M$9.53M$2.65M-$3.79M$3.75M
Common dividends paid$192.06M$272.44M$206.99M$166.84M$156.22M$155.06M$150.78M$147.44M$142.74M$120.39M
Common share repurchases$120.28M$0$0$686.00K$156.00K$0$0Unavailable$0$0
Depreciation & amortization$191.19M$216.82M$179.35M$154.03M$163.08M$138.54M$126.00M$119.58M$113.05M$94.46M

Derived

Global Net Lease, Inc. derived by fiscal year, in US dollars, normalized from SEC filings.
Metric2025-12-312024-12-312023-12-312022-12-312021-12-312020-12-312019-12-312018-12-312017-12-312016-12-31
Free cash flowUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable$127.84MUnavailable
Gross marginUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable90.8%
Operating margin22.4%33.0%-3.4%26.5%28.6%30.1%37.5%24.1%33.6%34.4%
FCF marginUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable49.3%Unavailable
SBC / revenue2.5%1.6%3.9%3.2%2.8%3.0%3.1%0.9%-1.5%1.7%
Current ratioUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Revenue YoY growth-13.1%27.8%17.7%-3.2%18.5%7.8%8.5%8.8%21.1%Unavailable
Net marginUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
R&D / revenueUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
CapEx / revenueUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable1.2%Unavailable
Long-term debt / equityUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Effective tax rateUnavailableUnavailableUnavailable47.9%51.7%31.6%8.5%18.3%11.7%8.5%

Amounts are abbreviated; the exact reported value is carried in each cell. — means unavailable, not zero. Open GNL in the interactive workspace to inspect any figure back to its filing.

Source filings

10-Q · Filed 2026-08-05View SEC filing
10-Q · Filed 2026-05-06View SEC filing
10-K · Filed 2026-02-25View SEC filing
10-Q · Filed 2025-11-06View SEC filing
10-Q · Filed 2025-08-07View SEC filing
10-Q · Filed 2025-05-08View SEC filing

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Reconciliation checks needing review

2 periods on this page do not reconcile under this site’s normalization. Read that as a limitation here before an observation about the company: the figures are the filer’s own, the filings linked above are authoritative, and a difference usually means the concepts this site selected do not match how this filer presents its statements. Nothing is adjusted to make a check pass.

gross profit bridgeinconsistent2018-12-31

Withheld: gross profit could not be reconciled with the rest of this filer’s statement.

gross profit bridgeinconsistent2017-12-31

Withheld: gross profit could not be reconciled with the rest of this filer’s statement.