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Companies / Real Estate / Global Net Lease, Inc.
GNL

Global Net Lease, Inc.

Real EstateREITs
Ticker GNLNEW YORK, NYFiscal year ends DecemberBook value per share $7.10Diluted shares 212.7M

Global Net Lease, Inc. (NYSE: GNL) is an internally managed real estate investment trust that acquires and manages a global portfolio of income-producing net lease properties across the United States, Canada, and Western and Northern Europe. The company operates through its primary operating partnership, Global Net… From the company’s description.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-06-30
Sales & profitability
$495.29M
−38.5% year over year
Last 12 mo $459.73M
22.41%
−3.2 percentage points
Last 12 mo 39.64%
$-225.46M
−71.4% year over year
Last 12 mo $-13.53M
-3.65%
−1.8 percentage points
Last 12 mo -0.90%
Cash & financing
$222.79M
−25.6% year over year
Last 12 mo $218.39M
$189.40M
−25.4% year over year
Last 12 mo $201.18M
1.51
Was 2.07× a year earlier
Last 12 mo 1.59
223.3M
−3.1% year over year
Last 12 mo 212.7M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What Global Net Lease, Inc. does

In the company’s own words

Global Net Lease, Inc. (NYSE: GNL) is an internally managed real estate investment trust that acquires and manages a global portfolio of income-producing net lease properties across the United States, Canada, and Western and Northern Europe. The company operates through its primary operating partnership, Global Net Lease Operating Partnership, L.P., along with The Necessity Retail REIT Operating Partnership, L.P., following the acquisition and internalization of The Necessity Retail REIT in September 2023.

As of December 31, 2025, Global Net Lease owned 820 properties comprising 40.7 million rentable square feet with a 97 percent occupancy rate and a weighted-average remaining lease term of 6.1 years. The portfolio is diversified across three reportable segments: Industrial & Distribution properties representing 46 percent of annualized rental income, Retail properties at 27 percent, and Office properties at 27 percent. Geographically, approximately 74 percent of annualized rental income derives from properties in the United States and Canada, while 26 percent comes from European operations, primarily in the United Kingdom, The Netherlands, Finland, France, Germany, and the Channel Islands.

The company leases space to 231 different tenants operating across 71 industries, with no single tenant accounting for more than 6 percent of consolidated annualized rental income. Approximately 66 percent of rental income comes from Investment Grade rated tenants, either with actual investment grade ratings or implied investment grade ratings determined through proprietary Moody's Analytics tools. Approximately 86 percent of leases contain rent escalation provisions averaging 1.4 percent annual cumulative increases.

Global Net Lease maintains a disciplined investment strategy focused on acquiring strategically located properties in well-established markets with long-term lease structures and creditworthy tenants. The company employs 56 people across the United States and Europe and funds its operations through cash flows from operations, debt financing, equity offerings, and property dispositions. The company qualifies for taxation as a REIT under the Internal Revenue Code and distributes at least 90 percent of its REIT taxable income to stockholders. More information is available at www.globalnetlease.com.

Company details
Sector
Real Estate
Industry
REITs
Headquarters
NEW YORK, NY
Fiscal year end
December
CIK
1526113
SIC
6798

Financial performance, year by year

Fiscal 2013–2025 · USD
$-328.50M$-19.36M$289.78M$598.92M$908.06M2013201420152016201720182019202020212022202320242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns Global Net Lease, Inc. — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

219
funds hold it
0 of 35
superinvestors hold it
$744.30M
held by funds, at market
38.5%
of shares held by funds
2
bond issues held by funds

Largest fund holders · Global Net Lease, Inc.’s weight in each

iShares Core S&P Small-Cap ETF
IJR · iShares Trust
0.08%of fund net assets
VANGUARD REAL ESTATE INDEX FUND
VNQ · VANGUARD SPECIALIZED FUNDS
0.10%of fund net assets
VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.00%of fund net assets
iShares Russell 2000 ETF
IWM · iShares Trust
0.05%of fund net assets
VANGUARD SMALL-CAP INDEX FUND
VB · VANGUARD INDEX FUNDS
0.02%of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Global Net Lease, Inc.’s bonds, as funds hold them

Funds report holding 2 issues of Global Net Lease, Inc.’s debt, $115.96M at market value — what funds hold, not the company’s total debt. Weighted-average coupon 4.48%, maturing 2027 to 2028.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

Compare this company with peers, find it in your funds and follow its financial history with your connected AI:

  • “How do Global Net Lease, Inc. and its peers compare on margins and cash generation over ten years?”
  • “Where did five years of Global Net Lease, Inc.'s earnings go — cash, debt, buybacks, reinvestment?”
  • “What changed in Global Net Lease, Inc.'s last four quarterly filings that the numbers alone won't show?”
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