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Global Net Lease (GNL) AI Stock Analysis
Global Net Lease
(NYSE:GNL)
The score is held back primarily by weak technicals (deeply oversold readings and price below key moving averages) and a still-challenged fundamental profile with a TTM net loss and meaningful leverage despite improvement. Offsetting factors include strong and improving free cash flow, supportive income valuation via a ~9.2% dividend yield, and a positive earnings call with raised AFFO guidance and balance-sheet progress.
Global Net Lease (GNL) vs. SPDR S&P 500 ETF (SPY)
- Market Cap
- $1.60B
- Dividend Yield
- 10.98%
- Average Volume (3M)
- 2.78M
- Price to Earnings (P/E)
- -25.6
- Beta (1Y)
- 0.28
- Revenue Growth
- -29.60%
- EPS Growth
- 77.14%
- Country
- US
- Employees
- 56
- Sector
- Real Estate
- Sector Strength
- 65
- Industry
- REIT - Diversified
Global Net Lease Business Overview & Revenue Model
Company Description
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 Le...
How the Company Makes Money
GNL primarily makes money by owning commercial properties and leasing them to tenants under net lease agreements. Under a net lease structure (often single-tenant), the tenant is generally responsible for some or most property-level operating expense...
Global Net Lease Earnings Call Summary
The call conveyed predominantly positive progress: an accretive, strategic Modiv acquisition that meaningfully improves portfolio quality and WALT; material balance sheet improvements including a ~$621M reduction in gross debt, stronger liquidity, lower capex and modest AFFO growth; disciplined capital recycling with attractive disposition and acquisition cap rate dynamics; and continued leasing strength and tenant-credit improvements. Principal risks include reliance on the timely closing of the Modiv transaction for guidance and accretion, a remaining concentration of office assets during the transition to a more industrial-heavy portfolio, a Q2 GAAP net loss (offset by positive AFFO), and leverage that—while improved—remains material. On balance, the positive items and forward-looking accretion and guidance increases outweigh the lowlights.
Q2-2026 Updates
Positive Updates
Negative Updates
Company Guidance
Management raised full‑year AFFO per share guidance from a prior $0.80–$0.84 range to a new $0.82–$0.85 range, materially increased gross transaction volume guidance from prior ~$250–$350 million to $700–$800 million, and reaffirmed a net‑debt-to‑adjusted‑EBITDA target of 6.5x–6.9x (the company reported 6.6x at quarter‑end on $2.3B net debt); the updated outlook assumes roughly 1.5 quarters of contribution from the anticipated mid‑August Modiv close (Modiv is expected to be ~4% accretive to AFFO per share and leverage‑neutral, and to extend portfolio WALT to 6.6 years while increasing industrial exposure to ~50% of straight‑line rent), with the company entering the guidance period having $2.5B gross debt, ~92% fixed‑rate debt, a 4.1% weighted average interest rate, 3.2x interest coverage, ~ $919M liquidity and $1.3B revolver capacity.
Global Net Lease Financial Statement Overview
Summary
Cash flow is the key strength (TTM operating cash flow ~$258M and free cash flow ~$239M with +34% FCF growth), but overall profitability and consistency remain weak (TTM net loss of ~$13.5M and a volatile multi-year earnings pattern). Leverage is still elevated (TTM debt-to-equity ~1.59x; total debt ~$2.40B), though improving versus prior years.
Income Statement
42NeutralBalance Sheet
45NeutralCash Flow
63Positive| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 459.73M | 497.89M | 805.01M | 515.07M | 378.86M | 391.23M |
| Gross Profit | 319.29M | 64.30M | 662.51M | 364.46M | 345.98M | 358.48M |
| EBITDA | 349.33M | 308.59M | 568.88M | 215.72M | 279.43M | 285.54M |
| Net Income | -13.53M | -225.46M | -131.57M | -211.91M | 12.02M | 11.37M |
Balance Sheet | ||||||
| Total Assets | 4.07B | 4.35B | 6.96B | 8.10B | 3.96B | 4.18B |
| Cash, Cash Equivalents and Short-Term Investments | 167.99M | 180.11M | 159.70M | 121.57M | 103.33M | 89.67M |
| Total Debt | 2.46B | 2.58B | 4.64B | 5.29B | 2.44B | 2.48B |
| Total Liabilities | 2.56B | 2.68B | 4.77B | 5.46B | 2.51B | 2.56B |
| Stockholders Equity | 1.51B | 1.66B | 2.19B | 2.64B | 1.44B | 1.62B |
Cash Flow | ||||||
| Free Cash Flow | 201.18M | 189.40M | 253.84M | 96.45M | 151.88M | 184.57M |
| Operating Cash Flow | 218.39M | 222.79M | 299.47M | 143.74M | 181.82M | 192.49M |
| Investing Cash Flow | 708.51M | 1.80B | 759.90M | -551.90M | -16.54M | -436.57M |
| Financing Cash Flow | -932.02M | -2.06B | -995.36M | 469.01M | -149.74M | 218.32M |
Global Net Lease Technical Analysis
Price Trends
Market Momentum
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GNL, the sentiment is Negative. The current price of 6.92 is below the 20-day moving average (MA) of 7.33, below the 50-day MA of 8.10, and below the 200-day MA of 8.67, indicating a bearish trend. The MACD of -0.32 indicates Negative momentum. The RSI at 26.54 is Positive, neither overbought nor oversold. The STOCH value of 21.98 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for GNL.
Global Net Lease Risk Analysis
Global Net Lease disclosed 54 risk factors in its most recent earnings report. Global Net Lease reported the most risks in the "Finance & Corporate" category.
Latest Risks Added
3 New RisksGlobal Net Lease Peers Comparison
Overall Rating
WPC69Neutral
EPRT67Neutral
BNL62Neutral
GOOD59Neutral
OLP59Neutral- GNL53Neutral
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| WPC | 69Neutral | $14.90B | 22.29 | 7.69% | 5.79% | 8.96% | 75.31% |
| EPRT | 67Neutral | $6.08B | 22.12 | 5.99% | 4.59% | 20.67% | -1.36% |
| Sector * | 65Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% |
| BNL | 62Neutral | $3.38B | 23.66 | 5.07% | 6.49% | 7.70% | 61.99% |
| GOOD | 59Neutral | $564.85M | 28.82 | 11.69% | 10.41% | 10.78% | -30.46% |
| OLP | 59Neutral | $485.17M | 14.72 | 10.50% | 8.21% | 9.52% | 21.63% |
| GNL | 53Neutral | $1.61B | -25.63 | -0.84% | 10.98% | -29.60% | 77.14% |
* Real Estate Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| GNL | Global Net Lease | 6.92 | -0.00 | -0.04% | |
| GOOD | Gladstone Commercial | 11.53 | 1.70 | 17.29% | |
| OLP | One Liberty Properties | 21.93 | 3.11 | 16.52% | |
| WPC | W. P. Carey Inc. | 64.63 | 1.72 | 2.74% | |
| EPRT | Essential Properties Realty Trust | 27.43 | -0.98 | -3.46% | |
| BNL | Broadstone Net Lease, Inc. | 17.98 | 1.04 | 6.11% |
Global Net Lease Corporate Events
Global Net Lease Schedules Third-Quarter 2026 Results Call
NeutralOn October 15, 2026, Global Net Lease, Inc. announced it would release financial results for the third quarter ended September 30, 2026, after the close of trading on Wednesday, November 4, 2026. The timing underscores the REIT’s regular disclo...
Global Net Lease Declares Fourth-Quarter Common Stock Dividend
PositiveOn October 1, 2026, Global Net Lease, Inc. announced that its board declared a fourth-quarter common stock dividend of $0.190 per share. The dividend is scheduled to be paid on October 16, 2026, to stockholders of record as of the close of business o...
Global Net Lease Declares Quarterly Preferred Stock Dividends
PositiveOn September 17, 2026, Global Net Lease, Inc. announced that it had declared quarterly dividends on four series of its preferred stock, underscoring continued distributions to income-focused investors. The dividends, ranging from $0.4296875 to $0.468...
Global Net Lease Closes Modiv Industrial All-Stock Acquisition
PositiveOn August 12, 2026, Global Net Lease, Inc. completed its all-stock acquisition of Modiv Industrial, Inc., adding a $535 million portfolio of primarily industrial net-lease properties in the U.S. and delisting Modiv’s securities from the NYSE. E...
Global Net Lease Q2 Results Highlight Portfolio Repositioning
PositiveOn August 6, 2026, Global Net Lease reported second-quarter 2026 results that underscored its ongoing portfolio repositioning and capital recycling strategy, including sustained 97% occupancy across 798 properties and an industry-leading 63% investme...
Global Net Lease Reports Stronger Q2 and Raises Guidance
PositiveOn August 5, 2026, Global Net Lease reported second-quarter 2026 results showing revenue of $112.5 million and a narrowed net loss of $7.5 million, as prior non-core asset dispositions weighed on top-line performance. Adjusted funds from operations w...
Global Net Lease Highlights Strategic Progress and Portfolio Optimization
PositiveOn August 5, 2026, Global Net Lease released its second-quarter 2026 investor presentation, highlighting continued execution of its strategic plan, including $263 million of year-to-date closed transactions and disposition pipeline through July 31, 2...
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.
Date of analysis: Oct 01, 2026