GNL
$7.36+0.55%
Global Net Lease Inc.Stock · Real EstateUS REITs · 0.09% of VNQRussell 2000 · 0.05% of IWMUS Stock Market · 0.003% of VTIRussell 3000 · 0.003% of IWV
GNL financial statements
The full income statement, balance sheet, and cash-flow statement for Global Net Lease Inc. (GNL), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.
Shares outstanding (point-in-time)
2024-06 230.5M2024-09 230.6M2024-12 230.8M2025-03 223.2M2025-06 221.0M2025-09 219.2M2025-12 214.2M2026-03 211.9M2026-06 210.9M-8.5% over 8 periods
SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.
PeriodRangeOrderChangeFiguresAs-reported fiscal years.
| Line item | Trend | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Income Statement | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Revenue | 495M-13.1% | 570M+27.8% | 446M+17.7% | 379M-3.2% | 391M+18.5% | |
| Selling, general & administrative | 52.8M+0.8% | 52.4M+40.7% | 37.2M+109.7% | 17.7M+2.9% | 17.2M+29.9% | |
| General & administrative | 52.8M+0.8% | 52.4M+40.7% | 37.2M+109.7% | 17.7M+2.9% | 17.2M+29.9% | |
| Amortization of intangibles | 88.1M-49.3% | 174M+72.1% | 101M+74.6% | 57.8M-16.2% | 69.0M+18.8% | |
| Provision for credit losses | — | — | — | 677K-40.1% | 1.13M | |
| Operating income | 111M-41.0% | 188M+1330.1% | -15.3M-115.2% | 101M-10.2% | 112M+12.8% | |
| Interest expense | 195M-23.8% | 256M+42.5% | 179M+84.0% | 97.5M+3.4% | 94.3M+31.4% | |
| Other non-operating income | 4.33M+302.9% | 1.07M-40.6% | 1.81M+84.4% | 981K+710.7% | 121K-58.1% | |
| Pre-tax income | -114M-52.1% | -74.9M+57.6% | -177M-866.6% | 23.1M-2.0% | 23.5M+49.3% | |
| Income tax | 21.8M+390.5% | 4.45M-69.3% | 14.5M+31.2% | 11.0M-9.2% | 12.2M+144.6% | |
| -225M-71.4% | -132M+37.9% | -212M-1862.5% | 12.0M+5.8% | 11.4M+5.5% | ||
| Discontinued operations | -89.7M-71.8% | -52.2M-152.3% | -20.7M | — | — | |
| Net income to common | -269M-53.6% | -175M+26.8% | -239M-2762.0% | -8.36M+3.9% | -8.70M-11.9% | |
| -$1.21-59.2% | -$0.76+55.6% | -$1.71-1800.0% | -$0.09+55.0% | -$0.20-122.2% | ||
| EPS (basic) | -$1.21-59.2% | -$0.76+55.6% | -$1.71-1800.0% | -$0.09+55.0% | -$0.20-122.2% | |
| Weighted-avg shares (basic) | 223M-3.1% | 230M+61.6% | 143M+37.5% | 104M+5.5% | 98.3M+9.8% | |
| Weighted-avg shares (diluted) | 223M-3.1% | 230M+61.6% | 143M+37.5% | 104M+5.5% | 98.3M+9.8% | |
| Dividends per share | $0.84-28.4% | $1.18-23.9% | $1.55-3.1% | $1.60+0.0% | $1.60-7.5% | |
| Balance Sheet | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Cash & equivalents | 180M+12.8% | 160M+31.4% | 122M+17.6% | 103M+15.2% | 89.7M-27.8% | |
| 4.35B-37.5% | 6.96B-14.1% | 8.10B+104.4% | 3.96B-5.3% | 4.18B+5.4% | ||
| Operating lease right-of-use | 63.4M-4.2% | 66.2M-14.1% | 77.0M+56.6% | 49.2M-7.0% | 52.9M-9.5% | |
| Goodwill | 45.9M-10.7% | 51.4M+9.4% | 47.0M+119.9% | 21.4M-3.2% | 22.1M | |
| Intangible assets | 258M-31.8% | 378M-57.6% | 891M+197.2% | 300M-18.9% | 370M-5.9% | |
| Deferred tax assets | 5.17M+6.2% | 4.87M+1.2% | 4.81M+31.8% | 3.65M+145.1% | 1.49M-37.1% | |
| 2.68B-43.7% | 4.77B-12.7% | 5.46B+117.7% | 2.51B-1.9% | 2.56B+6.0% | ||
| Long-term debt | 928M+2.4% | 906M+2.3% | 886M+79.7% | 493M+0.3% | 492M+0.3% | |
| Operating lease liability (total) | 41.4M+3.4% | 40.1M-17.1% | 48.4M+121.1% | 21.9M-3.9% | 22.8M-10.2% | |
| Deferred tax liabilities | 17.8M+224.9% | 5.48M-8.9% | 6.01M-17.3% | 7.26M-12.0% | 8.25M-32.1% | |
| 1.66B-23.9% | 2.19B-17.1% | 2.64B+83.3% | 1.44B-11.2% | 1.62B+5.8% | ||
| Common stock | 3.49M-4.1% | 3.64M+0.0% | 3.64M+53.5% | 2.37M+0.1% | 2.37M+6.4% | |
| Additional paid-in capital | 4.25B-2.5% | 4.36B+0.2% | 4.35B+62.1% | 2.68B+0.3% | 2.68B+10.6% | |
| Retained earnings | -2.61B-21.4% | -2.15B-26.3% | -1.70B-36.4% | -1.25B-16.3% | -1.07B-19.6% | |
| Accumulated other comprehensive income | 22.2M+185.8% | -25.8M-83.3% | -14.1M-1328.9% | 1.15M-92.6% | 15.5M+92.6% | |
| Non-controlling interest | — | 0.00-100.0% | 1.40M-90.6% | 14.9M+151.9% | 5.92M-72.8% | |
| Total equity incl. non-controlling | 1.66B-23.9% | 2.19B-17.1% | 2.64B+81.5% | 1.45B-10.6% | 1.63B+4.7% | |
| Total liabilities & equity | 4.35B-37.5% | 6.96B-14.1% | 8.10B+104.4% | 3.96B-5.3% | 4.18B+5.4% | |
| Common shares issued | 216M-6.5% | 231M+0.1% | 231M+121.7% | 104M+0.2% | 104M+15.9% | |
| Common shares outstanding | 216M-6.5% | 231M+0.1% | 231M+121.7% | 104M+0.2% | 104M+15.9% | |
| Shares outstanding (cover) | 214M-7.2% | 231M+0.2% | 230M+121.9% | 104M+0.2% | 104M+14.4% | |
| Cash Flow | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 223M-25.6% | 299M+108.3% | 144M-20.9% | 182M-5.5% | 192M+8.8% | ||
| Depreciation & amortization | 191M-11.8% | 217M+20.9% | 179M+16.4% | 154M-5.5% | 163M+17.7% | |
| Intangible amortization | 88.1M-49.3% | 174M+72.1% | 101M+74.6% | 57.8M-16.2% | 69.0M+18.8% | |
| Share-based compensation | 12.5M+40.1% | 8.93M-48.4% | 17.3M+43.3% | 12.1M+9.4% | 11.0M+9.6% | |
| Deferred income taxes | 11.7M+4650.4% | -258K+89.2% | -2.38M-21.6% | -1.96M+9.1% | -2.15M-7.6% | |
| 1.80B+137.5% | 760M+237.7% | -552M-3237.4% | -16.5M+96.2% | -437M+7.2% | ||
| Capital expenditure | 33.4M-26.8% | 45.6M-3.5% | 47.3M+58.0% | 29.9M+277.9% | 7.92M+24.1% | |
| Free cash flow | 189M-25.4% | 254M+163.2% | 96.4M-36.5% | 152M-17.7% | 185M+8.3% | |
| Acquisitions | 0.00 | 0.00-100.0% | 451M | 0.00 | 0.00 | |
| -2.06B-107.3% | -995M-312.2% | 469M+413.2% | -150M-168.6% | 218M+55.2% | ||
| Long-term debt issued | 0.00 | 0.00 | 0.00 | 0.00 | 0.00-100.0% | |
| Long-term debt repaid | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock issued | 0.00 | 0.00 | 0.00-100.0% | 894K-99.6% | 214M | |
| Common stock repurchased | 120M | 0.00 | 0.00-100.0% | 686K+339.7% | 156K | |
| Dividends paid | 192M-29.5% | 272M+31.6% | 207M+24.1% | 167M+6.8% | 156M+0.7% | |
| FX effect on cash | 5.81M+363.5% | -2.21M+23.9% | -2.90M+34.2% | -4.41M+33.5% | -6.63M-250.6% | |
| Interest paid | 169M-32.2% | 249M+82.4% | 137M+56.3% | 87.4M+6.3% | 82.2M+22.9% | |
| Income taxes paid | 10.5M-20.0% | 13.1M+5.0% | 12.5M-9.0% | 13.7M-18.0% | 16.8M+206.9% | |
| Valuation Ratios | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Market cap | 1.84B+9.3% | 1.68B-26.5% | 2.29B+75.7% | 1.30B-17.6% | 1.58B+2.0% | |
| P/E | — | — | — | 59.7×-57.2% | 139.3×-3.3% | |
| P/S | 3.7×+25.8% | 3.0×-48.1% | 5.7×+70.9% | 3.3×-17.6% | 4.0×-14.0% | |
| P/B | 1.1×+43.7% | 0.8×-6.2% | 0.8×-7.4% | 0.9×-9.3% | 1.0×-3.6% | |
| P/FCF | 9.7×+46.5% | 6.6×-79.8% | 32.8×+335.1% | 7.5×-12.0% | 8.6×-5.8% | |
| Earnings yield | — | — | — | 1.7%+133.4% | 0.72%+3.4% | |
| FCF yield | 10.3%-31.8% | 15.1%+394.7% | 3.0%-77.0% | 13.3%+13.7% | 11.7%+6.2% | |
| Dividend yield | 9.8%-39.2% | 16.2%+3.8% | 15.6%+22.4% | 12.7%+21.6% | 10.5%+3.7% | |
| Source filing | 10-K | 10-K | 10-K | 10-K | 10-K |
About this data
Source: GNL’s SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn’t file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all GNL filings on SEC EDGAR → Not investment advice.