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Global Net Lease, Inc. is a publicly traded internally managed real estate investment trust that focuses on acquiring and managing a global portfolio of income producing net lease assets across the U.S., and Western and Northern Europe. Global Net Lease, Inc. was incorporated in 2011 in Maryland, USA.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $495M | $311M | $-225M | $189M | -13.6% | -13.1% | 71.4% |
| 2024 | $570M | $550M | $-132M | $254M | -6.0% | 27.8% | -37.9% |
| 2023 | $446M | $215M | $-212M | $96M | -8.0% | 17.7% | -1862.5% |
| 2022 | $379M | $279M | $12M | $152M | 0.8% | - | - |
| 2021 | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 378.86 | 445.76 | 569.79 | 495.29 |
| Cost Of Revenue | - | 32.88 | 44.42 | 64.32 | 51.21 |
| Gross Profit | - | 345.98 | 401.34 | 505.47 | 444.08 |
| Operating Expense | - | 223.96 | 262.13 | 278.11 | 256.46 |
| Operating Income | - | 122.02 | 139.21 | 227.36 | 187.62 |
| EBITDA | - | 279.42 | 215.34 | 549.85 | 311.47 |
| EBIT | - | 120.56 | -18.40 | 180.77 | 80.77 |
| Pretax Income | - | 23.06 | -176.74 | -74.92 | -113.95 |
| Tax Provision | - | 11.03 | 14.48 | 4.44 | 21.80 |
| Net Income | - | 12.02 | -211.91 | -131.57 | -225.46 |
| Net Income Common Stockholders | - | -9.30 | -243.24 | -175.98 | -271.10 |
| Total Expenses | - | 256.83 | 306.55 | 342.43 | 307.66 |
| Interest Expense | - | 97.51 | 158.35 | 255.68 | 194.72 |
| Selling General And Administration | - | 69.93 | 82.78 | 61.29 | 65.27 |
| Normalized EBITDA | - | 281.86 | 374.76 | 597.52 | 422.65 |
| Normalized Income | - | 13.95 | -65.28 | -41.70 | -47.91 |
| Market Cap | 2,036.91 | 2,036.91 | 2,036.91 | 2,036.91 | 2,036.91 |
Real Estate sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Global Net Lease, Inc.this co. | GNL | - | -9.03 | 1.22 | -13.6% | 14.23 |
| Apple Hospitality REIT, Inc. | APLE | $3.1B | 17.75 | 0.99 | 5.6% | 10.56 |
| Curbline Properties Corp. | CURB | $3.0B | 74.46 | 1.55 | 2.1% | 24.85 |
| Urban Edge Properties | UE | $2.7B | 32.46 | 2.36 | 7.3% | 14.89 |
| Highwoods Properties, Inc. | HIW | $2.6B |
| - |
| - |
| - |
| - |
| - |
| - |
| 16.50 |
| 1.12 |
| 6.8% |
| 10.10 |
| Four Corners Property Trust, Inc. | FCPT | $2.6B | 24.84 | 1.71 | 6.9% | 17.72 |
| Uniti Group Inc. | UNIT | $2.4B | 2.23 | 7.64 | 343.1% | 5.31 |
| DiamondRock Hospitality Company | DRH | $2.4B | 20.62 | 1.44 | 7.0% | 11.69 |
| Getty Realty Corp. | GTY | $2.0B | 25.54 | 1.89 | 7.4% | 16.00 |
| Peer Median | - | 22.73 | 1.63 | 7.0% | 13.29 | |