Global Net Lease, Inc. income statement
In fiscal 2025, Global Net Lease, Inc. reported revenue of $495m, down 13.1% on the year before, operating income of $111m (a 22.4% margin) and net income of −$269m, or −$1.21 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2012Dec 2012 | 2013Dec 2013 | 2014Dec 2014 | 2015Dec 2015 | 2016Dec 2016 | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 0 | 4 | 93 | 205 | 214 | 259 | 282 | 306 | 330 | 391 | 379 | 446 | 570 | 495 | 460 |
| Cost of revenue | — | — | — | — | 20 | 24 | 28 | — | — | — | — | — | — | — | — |
| Gross profit | — | — | — | — | 194 | 235 | 254 | — | — | — | — | — | — | — | — |
| General and administrative | 0 | 0 | 4 | 7 | 7 | 9 | 10 | 10 | 13 | 17 | 18 | 37 | 52 | 53 | 49 |
| Operating income | −0 | −6 | −44 | 33 | 74 | 87 | 68 | 115 | 99 | 112 | 101 | −15 | 188 | 111 | 182 |
| Interest expense | 0 | 1 | 15 | 35 | 39 | 48 | 58 | 64 | 72 | 94 | 98 | 179 | 256 | 195 | 166 |
| Income before tax | — | −7 | −55 | 4 | 52 | 27 | 13 | 51 | 16 | 24 | 23 | −177 | −75 | −114 | 6 |
| Income tax | 0 | 0 | −1 | 6 | 4 | 3 | 2 | 4 | 5 | 12 | 11 | 14 | 4 | 22 | 22 |
| Net income | −0 | −7 | −54 | −2 | 47 | 21 | 1 | 35 | −8 | −9 | −8 | −239 | −175 | −269 | −57 |
| Diluted EPS | −$19.29 | −$3.84 | −$1.29 | −$0.04 | $0.82 | $0.30 | $0.01 | $0.39 | −$0.09 | −$0.20 | −$0.09 | −$1.71 | −$0.76 | −$1.21 | −$0.26 |
| Diluted shares (average) | — | 2m | 42m | 58m | 57m | 67m | 70m | 86m | 89m | 98m | 104m | 143m | 230m | 223m | 216m |
| EBITDA | −0 | −4 | −3 | 123 | 168 | 200 | 188 | 241 | 238 | 275 | 255 | 164 | 405 | 302 | 355 |
| Quarter | 2024 Q3Sept 2024 | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 139 | 138 | 132 | 125 | 121 | 117 | 109 | 112 |
| General and administrative | 11 | 13 | 16 | 11 | 12 | 13 | 12 | 12 |
| Operating income | 13 | 56 | −28 | 42 | −14 | 111 | 31 | 55 |
| Interest expense | 60 | 60 | 53 | 53 | 45 | 43 | 39 | 39 |
| Income before tax | −52 | 4 | −92 | −29 | −59 | 66 | −7 | 6 |
| Income tax | 1 | 1 | 3 | 3 | 3 | 12 | 2 | 5 |
| Net income | −77 | −17 | −200 | −35 | −71 | 37 | −16 | −7 |
| Diluted EPS | −$0.33 | −$0.07 | −$0.87 | −$0.16 | −$0.32 | $0.16 | −$0.08 | −$0.04 |
| EBITDA | 66 | 107 | 28 | 88 | 31 | 155 | 73 | 96 |
Compare with peers
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