Global Net Lease, Inc. (GNL) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Revenue | 109.29M | 116.95M | 121.01M | 124.91M | 132.41M | 199.12M | 196.56M | 145.46M | 147.88M | 206.73M | 118.17M | 95.84M | 94.33M | 93.95M | 92.6M | 95.18M | 97.13M | 106.52M | 95.76M | 99.56M |
| Revenue Growth % | -17.47% | -41.26% | -38.44% | -14.13% | -10.46% | -3.68% | 66.34% | 51.77% | 56.77% | 120.04% | 27.61% | 0.7% | -2.88% | -11.8% | -3.3% | -4.41% | 8.66% | 22.37% | 15.77% | 22.75% |
| Property Operating Expenses | 12.93M | 101.44M | 12.67M | 12.02M | 13.95M | 35.62M | 33.52M | 15.93M | 17.8M | 37.04M | 13.62M | 9.03M | 8.15M | 9.85M | 7.76M | 7.8M | 7.46M | 10.96M | 6.75M | 7.47M |
| Net Operating Income (NOI) | 96.36M | 15.51M | 108.34M | 112.89M | 118.46M | 163.5M | 163.05M | 129.53M | 130.08M | 169.69M | 104.55M | 86.81M | 86.19M | 84.09M | 84.83M | 87.38M | 89.67M | 95.55M | 89.01M | 92.1M |
| NOI Margin % | 88.17% | 13.26% | 89.53% | 90.38% | 89.46% | 82.11% | 82.95% | 89.05% | 87.97% | 82.08% | 88.47% | 90.58% | 91.36% | 89.51% | 91.61% | 91.81% | 92.32% | 89.71% | 92.95% | 92.5% |
| Operating Expenses | 65.42M | -26.58M | 122.53M | 70.59M | 146.34M | 99.66M | 145.1M | 67.6M | 73.02M | 124.37M | 200.1M | 82.32M | 55.81M | 60.21M | 55.83M | 72.58M | 56.82M | 69.16M | 58.23M | 63.13M |
| G&A Expenses | 12.14M | 13.38M | 14.89M | 14.68M | 19.3M | 16.07M | 14.91M | 16.09M | 16.64M | 17.34M | 26.07M | 23.66M | 18.69M | 49.09M | 17.28M | 7.03M | 6.62M | 46.77M | 6.63M | 7.21M |
| EBITDA | 72.55M | 86.53M | 32.48M | 89.98M | 28.25M | 151.31M | 107.96M | 156.4M | 154.19M | 148.9M | -43.61M | 43.9M | 69.17M | 62.02M | 67.96M | 55.39M | 74.03M | 69.57M | 73.59M | 69.82M |
| EBITDA Margin % | 66.39% | 73.99% | 26.84% | 72.04% | 21.34% | 75.99% | 54.92% | 107.52% | 104.27% | 72.03% | -36.91% | 45.81% | 73.33% | 66.01% | 73.39% | 58.2% | 76.22% | 65.31% | 76.85% | 70.13% |
| Depreciation & Amortization | 41.61M | 44.44M | 46.66M | 47.68M | 56.13M | 87.47M | 90.01M | 94.47M | 97.12M | 103.58M | 51.94M | 39.41M | 38.8M | 38.13M | 38.95M | 40.59M | 41.18M | 43.17M | 42.81M | 40.86M |
| D&A / Revenue % | 38.08% | 38% | 38.56% | 38.18% | 42.39% | 43.93% | 45.79% | 64.95% | 65.68% | 50.1% | 43.96% | 41.12% | 41.13% | 40.59% | 42.07% | 42.65% | 42.4% | 40.53% | 44.71% | 41.04% |
| Operating Income | 30.94M | 42.09M | -14.18M | 42.3M | -27.87M | 63.84M | 17.95M | 61.93M | 57.06M | 45.32M | -95.56M | 4.49M | 30.37M | 23.88M | 29.01M | 14.8M | 32.85M | 26.4M | 30.78M | 28.97M |
| Operating Margin % | 28.31% | 35.99% | -11.72% | 33.86% | -21.05% | 32.06% | 9.13% | 42.57% | 38.59% | 21.92% | -80.87% | 4.68% | 32.2% | 25.42% | 31.33% | 15.55% | 33.82% | 24.78% | 32.14% | 29.09% |
| Interest Expense | 1000K | 1000K | 0 | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
| Interest Coverage | 0.79x | 2.56x | - | 0.46x | 0.77x | 0.93x | 0.17x | 0.56x | 0.72x | 0.48x | -2.24x | 0.18x | 1.07x | 0.60x | 1.74x | 1.08x | 1.57x | 1.14x | 1.37x | 1.19x |
| Non-Operating Income | 0 | -66.69M | -1K | 17.81M | -69.13M | -7.83M | 5.11M | 11.94M | -2.52M | 4.86M | -3.34M | -472K | 1.59M | 8.42M | -13.09M | -10.44M | -4.91M | -1.12M | -3.4M | 430K |
| Pretax Income | -6.72M | 66.29M | -59.49M | -28.86M | -91.89M | -5.56M | -64.29M | -21.99M | -5.01M | -43.12M | -133.38M | -22.75M | 1.82M | -10.27M | 17.89M | 1.8M | 13.64M | 3.42M | 9.32M | 4.52M |
| Pretax Margin % | -6.15% | 56.68% | -49.16% | -23.11% | -69.39% | -2.79% | -32.71% | -15.12% | -3.39% | -20.86% | -112.88% | -23.74% | 1.93% | -10.93% | 19.32% | 1.89% | 14.04% | 3.21% | 9.73% | 4.54% |
| Income Tax | 1.64M | 12.43M | 3.09M | 3M | 3.28M | 962K | 1.34M | -250K | 2.36M | 5.46M | 2.8M | 3.51M | 2.71M | 2.37M | 3.05M | 2.52M | 3.1M | 6.21M | 1.93M | 1.93M |
| Effective Tax Rate % | -24.44% | 18.76% | -5.2% | -10.38% | -3.57% | -17.3% | -2.09% | 1.14% | -47.09% | -12.66% | -2.1% | -15.42% | 148.98% | -23.08% | 17.06% | 139.8% | 22.7% | 181.85% | 20.71% | 42.72% |
| Net Income | -5.08M | 48.18M | -60.12M | -24.14M | -189.38M | -6.52M | -65.64M | -35.66M | -23.75M | -48.58M | -136.18M | -26.26M | -890K | -12.64M | 14.84M | -716K | 10.54M | -2.8M | 7.39M | 2.59M |
| Net Margin % | -4.65% | 41.2% | -49.68% | -19.33% | -143.02% | -3.28% | -33.39% | -24.52% | -16.06% | -23.5% | -115.25% | -27.4% | -0.94% | -13.45% | 16.02% | -0.75% | 10.85% | -2.62% | 7.72% | 2.6% |
| Net Income Growth % | 97.32% | 838.75% | 8.41% | 32.3% | -697.35% | 86.57% | 51.8% | -35.82% | -2568.65% | -284.32% | -1017.81% | -3567.32% | -108.44% | -352.07% | 100.78% | -127.67% | 151.94% | 67.09% | 78.42% | -53.2% |
| Funds From Operations (FFO) | 36.53M | 92.62M | -13.46M | 23.54M | -133.25M | 80.95M | 24.38M | 58.81M | 73.37M | 55M | -84.24M | 13.16M | 37.91M | 25.49M | 53.79M | 39.87M | 51.73M | 40.38M | 50.2M | 43.45M |
| FFO Margin % | 33.43% | 79.19% | -11.12% | 18.85% | -100.63% | 40.65% | 12.4% | 40.43% | 49.62% | 26.61% | -71.29% | 13.73% | 40.19% | 27.14% | 58.09% | 41.89% | 53.25% | 37.91% | 52.43% | 43.64% |
| FFO Growth % | 127.42% | 14.42% | -155.21% | -59.97% | -281.61% | 47.17% | 128.94% | 346.99% | 93.54% | 115.74% | -256.61% | -67% | -26.71% | -36.86% | 7.14% | -8.22% | 14.91% | 41.31% | 24.7% | 7.17% |
| FFO per Share | 0.17 | 0.42 | -0.06 | 0.11 | -0.58 | 0.35 | 0.11 | 0.26 | 0.32 | 0.24 | -0.64 | 0.13 | 0.37 | 0.25 | 0.52 | 0.38 | 0.50 | 0.39 | 0.49 | 0.45 |
| FFO Payout Ratio % | 112.66% | 45.68% | -314.51% | 184.7% | -47.99% | 78.76% | 170.61% | 107.95% | 111.39% | 148.57% | -49.81% | 316.67% | 109.88% | 163.4% | 78.19% | 104.22% | 80.36% | 102.94% | 80.28% | 87.78% |
| EPS (Diluted) | -0.08 | 0.17 | -0.32 | -0.16 | -0.87 | -0.08 | -0.33 | -0.16 | -0.10 | -0.21 | -1.09 | -0.25 | -0.01 | -0.12 | 0.09 | -0.01 | 0.10 | -0.03 | 0.07 | 0.03 |
| EPS Growth % | 90.8% | 322.8% | 3.03% | 0% | -770% | 63.67% | 69.72% | 36% | - | -75% | -1311.11% | - | -108.6% | -344.44% | 23.63% | -125.65% | 118.82% | 71.55% | 57.24% | -56.19% |
| EPS (Basic) | -0.08 | 0.17 | -0.32 | -0.16 | -0.87 | -0.08 | -0.33 | -0.16 | -0.10 | -0.21 | -1.09 | -0.25 | -0.01 | -0.12 | 0.09 | -0.01 | 0.10 | -0.03 | 0.07 | 0.03 |
| Diluted Shares Outstanding | 214.04M | 219.06M | 220.89M | 222.96M | 230.26M | 230.44M | 230.46M | 230.38M | 230.32M | 230.32M | 130.82M | 104.15M | 103.78M | 103.78M | 103.71M | 103.65M | 103.6M | 103.58M | 101.48M | 96.39M |