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Global Net Lease, Inc. logo

Global Net Lease, Inc.

GNL-PD

NYSEReal EstateREIT - Diversified

Open in GoAI

Latest quote

$23.525

+$0.125 · +0.53%

Aug 24, 3:25 PM ET

After-hours

$23.525

$0.00 · 0.00%

Aug 24, 5:05 PM ET

GNL-PD company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Hold

Wait — insufficient conviction to act

Valuation

49

Fair Value

Momentum

39

Weakening

Sentiment

50

Mixed

Risk resilience

78

Moderate Risk

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Thesis, catalysts, evidence, and risk analysis.

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Company profile

Company website

Global Net Lease, Inc. (GNL) is a Real Estate Investment Trust, publicly traded on the New York Stock Exchange. Its primary objective is to assemble a diverse worldwide portfolio of commercial real estate. The company places significant emphasis on properties acquired through sale-leaseback transactions. These holdings typically consist of vital, single-occupant, income-generating assets with net leases, with investments spread across the United States, Western Europe, and Northern Europe.

Industry
REIT - Diversified
Sector
Real Estate
Headquarters
US
CEO
Edward Michael Weil Jr.
Listed since
Sep 12, 2023
Employees
56

Market position

Day range

Current $23.525

52-week range

Current $23.525

Open
$23.45
Previous close
$23.40
Volume
2.5K
0.24× average
Average volume
10.49K
Average daily volume
Market cap
509.32M USD
Beta
1.01
Market reference 1
50-day average
$23.6674
-0.60% below average
200-day average
$23.9285
-1.69% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
4.32B USD
P/E (TTM)
-34.15×
P/B (TTM)
1.29×
P/S (TTM)
4.25×
EV / EBITDA
16.04×
Earnings yield
-11.74%
Free cash flow yield
9.86%
Dividend yield
8.24%

Profitability & efficiency

Gross margin
69.45%
Operating margin
24.71%
Net margin
-2.94%
Return on equity
-13.55%
Return on assets
-5.19%
Return on invested capital
3.95%

Financial health

Debt / equity
1.63×
Current ratio
0.84×
Altman Z-score
-0.62
Piotroski F-score
4 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends105%51%-4%-59%Gross margin, FY2021: 91.63%Gross margin, FY2022: 91.32%Gross margin, FY2023: 70.76%Gross margin, FY2024: 82.30%Gross margin, FY2025: 12.92%Operating margin, FY2021: 28.61%Operating margin, FY2022: 26.54%Operating margin, FY2023: -2.99%Operating margin, FY2024: 25.65%Operating margin, FY2025: 33.81%Net margin, FY2021: 2.91%Net margin, FY2022: 3.17%Net margin, FY2023: -41.14%Net margin, FY2024: -16.34%Net margin, FY2025: -45.28%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 91.63%. Gross margin FY2022 91.32%. Gross margin FY2023 70.76%. Gross margin FY2024 82.30%. Gross margin FY2025 12.92%. Operating margin FY2021 28.61%. Operating margin FY2022 26.54%. Operating margin FY2023 -2.99%. Operating margin FY2024 25.65%. Operating margin FY2025 33.81%. Net margin FY2021 2.91%. Net margin FY2022 3.17%. Net margin FY2023 -41.14%. Net margin FY2024 -16.34%. Net margin FY2025 -45.28%.

Income trends

Revenue

497.89M USD-38.15%

Operating income

168.32M USD-18.48%

Net income

−225.46M USD-71.36%
Income trends across reported periods908.06M USD495.87M USD83.68M USD−328.5M USDRevenue, FY2021: 391.23M USDRevenue, FY2022: 378.86M USDRevenue, FY2023: 515.07M USDRevenue, FY2024: 805.01M USDRevenue, FY2025: 497.89M USDOperating income, FY2021: 111.91M USDOperating income, FY2022: 100.54M USDOperating income, FY2023: −15.38M USDOperating income, FY2024: 206.48M USDOperating income, FY2025: 168.32M USDNet income, FY2021: 11.37M USDNet income, FY2022: 12.02M USDNet income, FY2023: −211.91M USDNet income, FY2024: −131.57M USDNet income, FY2025: −225.46M USDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 391.23M USD. Revenue FY2022 378.86M USD. Revenue FY2023 515.07M USD. Revenue FY2024 805.01M USD. Revenue FY2025 497.89M USD. Operating income FY2021 111.91M USD. Operating income FY2022 100.54M USD. Operating income FY2023 −15.38M USD. Operating income FY2024 206.48M USD. Operating income FY2025 168.32M USD. Net income FY2021 11.37M USD. Net income FY2022 12.02M USD. Net income FY2023 −211.91M USD. Net income FY2024 −131.57M USD. Net income FY2025 −225.46M USD.
Metric (USD)FY2025FY2024FY2023FY2022FY2021
Revenue497.89M USD805.01M USD515.07M USD378.86M USD391.23M USD
Cost of goods sold433.58M USD142.5M USD150.61M USD32.88M USD32.75M USD
Gross profit64.3M USD662.51M USD364.46M USD345.98M USD358.48M USD
Selling, general, and administrative52.75M USD66.67M USD85.77M USD69.93M USD67.31M USD
Operating expenses−104.02M USD456.03M USD379.84M USD245.44M USD246.57M USD
Interest expense191.83M USD326.93M USD179.41M USD97.51M USD94.35M USD
Depreciation and amortization191.19M USD369.08M USD233.74M USD158.86M USD167.68M USD
Operating income168.32M USD206.48M USD−15.38M USD100.54M USD111.91M USD
Net income−225.46M USD−131.57M USD−211.91M USD12.02M USD11.37M USD

Company facts updated Aug 25, 2026.

Earnings

EPS beat rate
33%
3 beats, 6 misses, 0 met estimates
Average EPS surprise
-251.37%
9 comparable reports
Latest EPS result
-0.05
Estimate -0.05 · Beat by 6.24%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates0.24-0.14-0.52-0.9Q1 '25BeatQ2 '25MissQ3 '25MissQ4 '25MissQ1 '26BeatQ2 '26MissQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Feb 27, 2025: actual -0.08, estimate -0.105, surprise +23.81%, Beat. Q2 2025, reported May 7, 2025: actual -0.822, estimate -0.1, surprise -722.03%, Miss. Q3 2025, reported Aug 8, 2025: actual -0.16, estimate -0.11, surprise -45.45%, Miss. Q4 2025, reported Nov 5, 2025: actual -0.33, estimate -0.07, surprise -371.43%, Miss. Q1 2026, reported Feb 25, 2026: actual 0.16, estimate -0.155, surprise +203.23%, Beat. Q2 2026, reported May 5, 2026: actual -0.09, estimate 0.1, surprise -190.00%, Miss. Q3 2026, reported Aug 5, 2026: actual -0.05, estimate -0.053, surprise +6.24%, Beat. Q4 2026, reported Nov 11, 2026: actual —, estimate 0.003, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates207.08M171.83M136.57M101.32MQ1 '25BeatQ2 '25MissQ3 '25MissQ4 '25BeatQ1 '26MissQ2 '26MissQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Feb 27, 2025: actual 199.12M USD, estimate 194.26M USD, surprise +2.50%, Beat. Q2 2025, reported May 7, 2025: actual 132.42M USD, estimate 187.93M USD, surprise -29.54%, Miss. Q3 2025, reported Aug 8, 2025: actual 124.91M USD, estimate 133.4M USD, surprise -6.37%, Miss. Q4 2025, reported Nov 5, 2025: actual 121.01M USD, estimate 120.17M USD, surprise +0.70%, Beat. Q1 2026, reported Feb 25, 2026: actual 116.95M USD, estimate 120.09M USD, surprise -2.61%, Miss. Q2 2026, reported May 5, 2026: actual 109.29M USD, estimate 112.37M USD, surprise -2.75%, Miss. Q3 2026, reported Aug 5, 2026: actual 112.48M USD, estimate 109.68M USD, surprise +2.55%, Beat. Q4 2026, reported Nov 11, 2026: actual —, estimate 112.7M USD, surprise —, Comparison unavailable.

Analyst ratings

Third-party consensus; not a GoAI recommendation.

Rating distribution

3 ratings

Limited analyst sample: 3 ratings. Interpret the distribution with caution.

Strong buy00%
Buy3100%
Hold00%
Sell00%
Strong sell00%

Recent analyst actions

1 institution
BTIGmaintainBuy

Corporate actions

Annual dividends per share

Cash distributions grouped by calendar year; partial years are marked.

$1.875

2025 complete year0.0% since 2024

2026 partial: $1.4063

* Partial calendar year in the available dividend history.

Corporate action history

Dividend

Ex-dividend Jul 2, 2026

$0.4688

Quarterly

Record Jul 2, 2026 · Payment Jul 15, 2026

Dividend

Ex-dividend Apr 2, 2026

$0.4688

Quarterly

Record Apr 3, 2026 · Payment Apr 15, 2026

Dividend

Ex-dividend Jan 2, 2026

$0.4688

Quarterly

Record Jan 2, 2026 · Payment Jan 15, 2026

Dividend

Ex-dividend Oct 3, 2025

$0.4688

Quarterly

Record Oct 3, 2025 · Payment Oct 15, 2025

Dividend

Ex-dividend Jul 3, 2025

$0.4688

Quarterly

Record Jul 3, 2025 · Payment Jul 15, 2025

Dividend

Ex-dividend Apr 4, 2025

$0.4688

Quarterly

Record Apr 4, 2025 · Payment Apr 15, 2025

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ETFs holding GNL-PD

Funds reporting this stock among their holdings, ordered by reported position size.

Virtus InfraCap U.S. Preferred Stock ETF logoVirtus InfraCap U.S. Preferred Stock ETFPFFA
Market value
49.98M
Weight
1.99%
AUM
2.51B USD
Expense ratio
2.11%
Price / 1D
$20.93+0.19%
iShares Preferred and Income Securities ETF logoiShares Preferred and Income Securities ETFPFF
Market value
11.46M
Weight
0.09%
AUM
13.04B USD
Expense ratio
0.45%
Price / 1D
$30.51+0.16%
Fidelity Real Estate Income ETF logoFidelity Real Estate Income ETFFREI
Market value
11.44M
Weight
0.26%
AUM
21.08M USD
Expense ratio
0.59%
Price / 1D
$24.94+0.08%
InfraCap REIT Preferred ETF logoInfraCap REIT Preferred ETFPFFR
Market value
2.38M
Weight
1.98%
AUM
120.07M USD
Expense ratio
0.45%
Price / 1D
$17.44+0.11%
iShares Morningstar Multi-Asset Income ETF logoiShares Morningstar Multi-Asset Income ETFIYLD
Market value
16.32K
Weight
0.01%
AUM
126.96M USD
Expense ratio
0.50%
Price / 1D
$22.30+0.04%

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