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Research & education only — not financial advice.TENK is not a registered investment adviser; calls are impersonal, generated from SEC filings and a delayed/third-party price feed, and may be wrong or out of date. The operator and an affiliated trading operation may hold or trade the securities TENK rates — see Disclosures. Do your own research.

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TTENK/calls
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TTENK/calls
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Home›GNL›Financials
Annual statements · SEC XBRL · FY2016 – FY2025

Global Net Lease, Inc. (GNL) financials

Income statement

Global Net Lease, Inc. (GNL) income statement, annual, from SEC filings
Fiscal yearFY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue$214M$259M$282M$306M$330M$391M$379M$446M$570M$495M
Revenue growth—21.1%8.8%8.5%7.8%18.5%-3.2%17.7%27.8%-13.1%
Operating income$73.6M$87.1M$68.0M$115M$99.2M$112M$101M-$15.3M$188M$111M
Operating margin34.4%33.6%24.1%37.5%30.1%28.6%26.5%-3.4%33.0%22.4%
Net income$47.6M$23.6M$10.9M$46.5M$10.8M$11.4M$12.0M-$212M-$132M-$225M
Net margin22.2%9.1%3.9%15.2%3.3%2.9%3.2%-47.5%-23.1%-45.5%
EPS (diluted)$0.82$0.30$0.01$0.39-$0.09-$0.20-$0.09-$1.71-$0.76-$1.21

Cash flow

Global Net Lease, Inc. (GNL) cash flow, annual, from SEC filings
Fiscal yearFY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow$114M$131M$145M$146M$177M$192M$182M$144M$299M$223M
Capital expenditures$200K$3.12M$1.45M$17.3M——————
Free cash flow$114M$128M$143M$129M——————
Share buybacks$0.00$0.00—$0.00$0.00$156K$686K$0.00$0.00$120M
Dividends paid$120M$143M$147M$151M$155M$156M$167M$207M$272M$192M

Balance sheet

Global Net Lease, Inc. (GNL) balance sheet, annual, from SEC filings
Fiscal yearFY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash & equivalents$77.3M$102M$100M$270M$124M$89.7M$103M$122M$160M$180M
Total assets$2.89B$3.04B$3.31B$3.70B$3.97B$4.18B$3.96B$8.10B$6.96B$4.35B
Total liabilities$1.54B$1.62B$1.88B$1.99B$2.41B$2.56B$2.51B$5.46B$4.77B$2.68B
Long-term debt$55.4M$0.00————————
Shareholders' equity$1.35B$1.41B$1.43B$1.70B$1.53B$1.62B$1.44B$2.64B$2.19B$1.66B
Retained earnings-$346M-$468M-$615M-$733M-$897M-$1.07B-$1.25B-$1.70B-$2.15B-$2.61B
Shares (wtd avg diluted)56.7M66.9M69.7M86.3M89.5M98.3M104M143M230M223M

Every figure is extracted from Global Net Lease, Inc.’s annual reports as filed with the SEC (XBRL company facts) — no third-party estimates. Fiscal years are labeled by period end; filers occasionally re-tag concepts, so a sparse cell means the company didn’t report that concept for that year. Free cash flow = operating cash flow − capital expenditures.

Common questions

What is Global Net Lease, Inc.'s annual revenue?
Global Net Lease, Inc. (GNL) reported $495M of revenue for fiscal year 2025 — down 13.1% from $570M in FY2024, per its annual report filed with the SEC.
Is Global Net Lease, Inc. profitable?
Not in FY2025 — GNL reported a net loss of $225M, per SEC filings.
Does GNL pay a dividend?
Yes — Global Net Lease, Inc. paid $192M in cash dividends during FY2025, per its SEC cash-flow statement.
Full GNL analysis — verdict, score & filings →Is GNL a buy? →

Research and education only — not financial advice. TENKis not a registered investment adviser or broker-dealer and gives no personalized advice. Every call is impersonal — identical for all users, generated on a schedule from SEC filings plus a delayed/third-party price feed — may be wrong or out of date, and is not a recommendation to buy or sell any security. The operator and an affiliated trading operation may hold or trade the securities TENK rates; see Disclosures. Past performance does not guarantee future results. Do your own research.