Global Net Lease, Inc. (GNL) Financial Statements
Industry: Real Estate Investment Trusts
In fiscal 2025, Global Net Lease reported revenue of $495.3M, down 38.5% from $805.0M the year before. Net income was -$225.5M (a -45.5% net margin), or -$1.21 per diluted share. Gross margin was 3.3% and operating margin was 22.4%. Operating activities generated $222.8M of cash. At fiscal year end, Global Net Lease held $4.35B in total assets against $2.68B in total liabilities, including $180.1M of cash and equivalents.
Open the full interactive Global Net Lease financials → Quarterly statements, key ratios, valuation history and price charts.
Global Net Lease Key Stats
| Share Price | $7.67 |
|---|---|
| Market Cap | $1.62B |
| Revenue YoY Growth | -38.5% |
| 52-Week Range | $6.92 – $9.33 |
| Shares Outstanding | 211.3 million (basic, 2026 Q2) |
Global Net Lease Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $330.1M | $391.2M | $378.9M | $515.1M | $805.0M | $495.3M |
| Cost of Goods Sold | $230.7M | $280.8M | $278.6M | $528.8M | $655.5M | $479.0M |
| Gross Profit | $99.4M | $110.4M | $100.2M | -$13.7M | $149.5M | $16.3M |
| Operating Income | $99.2M | $111.9M | $100.5M | -$15.4M | $206.5M | $111.0M |
| Pre-Tax Income | $15.7M | $23.5M | $23.1M | -$197.4M | -$127.1M | -$113.9M |
| Income Tax | $5.0M | $12.2M | $11.0M | $14.5M | $4.4M | $21.8M |
| Net Income | $10.8M | $11.4M | $12.0M | -$211.9M | -$131.6M | -$225.5M |
| Diluted EPS | -$0.09 | -$0.20 | -$0.09 | -$1.71 | -$0.76 | -$1.21 |
Global Net Lease Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $121.0M | $117.0M | $109.3M | $112.5M |
| Net Income | -$60.1M | $48.2M | -$5.1M | $3.5M |
| Diluted EPS | -$0.32 | $0.22 | -$0.08 | -$0.04 |
Global Net Lease Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $124.2M | $89.7M | $103.3M | $121.6M | $159.7M | $180.1M |
| Total Assets | $3.97B | $4.18B | $3.96B | $8.10B | $6.96B | $4.35B |
| Total Long-Term Debt | $2.27B | $2.43B | $2.40B | $5.15B | $4.52B | $2.52B |
| Total Liabilities | $2.41B | $2.56B | $2.51B | $5.46B | $4.77B | $2.68B |
| Shareholders' Equity | $1.53B | $1.62B | $1.44B | $2.64B | $2.19B | $1.66B |
Global Net Lease Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | $176.9M | $192.5M | $181.8M | $143.7M | $299.5M | $222.8M |
| Cash From Investing | -$470.5M | -$436.6M | -$16.5M | -$551.9M | $759.9M | $1.80B |
| Cash From Financing | $140.7M | $218.3M | -$149.7M | $469.0M | -$995.4M | -$2.06B |
Figures from Global Net Lease's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Global Net Lease financials page for every line item.
Global Net Lease Company Profile
| Ticker | GNL |
|---|---|
| Exchange | NYSE |
| Industry | Real Estate Investment Trusts |
| Headquarters | New York, New York |
| Incorporated in | New York |
| Fiscal Year End | December 31 |
| SEC Filer Category | Large accelerated filer |
| SEC CIK | 0001526113 |
Frequently Asked Questions
What was Global Net Lease's revenue in fiscal 2025?
Global Net Lease (GNL) reported revenue of $495.3M for fiscal 2025.
What is Global Net Lease's annual revenue history?
Global Net Lease's annual revenue by fiscal year: 2020: $330.1M; 2021: $391.2M; 2022: $378.9M; 2023: $515.1M; 2024: $805.0M; 2025: $495.3M.
What was Global Net Lease's net income in fiscal 2025?
Global Net Lease reported net income of -$225.5M for fiscal 2025.
What was Global Net Lease's earnings per share (EPS) in fiscal 2025?
Global Net Lease's diluted EPS was -$1.21 for fiscal 2025 (adjusted for any later stock splits).
What was Global Net Lease's revenue last quarter?
In its most recent reported quarter (2026 Q2), Global Net Lease reported revenue of $112.5M.
How much debt does Global Net Lease have?
Global Net Lease reported $2.52B of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of Global Net Lease are outstanding?
Global Net Lease reported a weighted average of 211.3 million basic shares outstanding in 2026 Q2.
What is Global Net Lease's market cap?
Based on its latest closing price, Global Net Lease (GNL) has a market capitalization of about $1.62B.
When does Global Net Lease's fiscal year end?
Global Net Lease's fiscal year end, as registered with the SEC, is December 31.
Where is Global Net Lease headquartered?
Global Net Lease lists its business address in New York, New York in its SEC filings.