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Global Net Lease
(NYSE:GNL)
Global Net Lease (GNL) vs. SPDR S&P 500 ETF (SPY)
Global Net Lease Business Overview & Revenue Model
Global Net Lease Earnings Call Summary
Global Net Lease Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 653.00M | 805.01M | 515.07M | 378.86M | 391.23M | 330.10M |
| Gross Profit | 738.76M | 662.51M | 364.46M | 345.98M | 358.48M | 297.73M |
| EBITDA | 437.96M | 594.24M | 215.72M | 279.43M | 285.54M | 230.33M |
| Net Income | -285.68M | -131.57M | -211.91M | 12.02M | 11.37M | 10.78M |
Balance Sheet | ||||||
| Total Assets | 4.98B | 6.96B | 8.10B | 3.96B | 4.18B | 3.97B |
| Cash, Cash Equivalents and Short-Term Investments | 144.81M | 159.70M | 121.57M | 103.33M | 89.67M | 124.25M |
| Total Debt | 3.03B | 4.64B | 5.29B | 2.42B | 2.45B | 2.29B |
| Total Liabilities | 3.15B | 4.77B | 5.46B | 2.51B | 2.56B | 2.41B |
| Stockholders Equity | 1.83B | 2.19B | 2.64B | 1.44B | 1.62B | 1.53B |
Cash Flow | ||||||
| Free Cash Flow | 201.39M | 253.84M | 96.45M | 151.88M | 184.57M | 170.47M |
| Operating Cash Flow | 248.12M | 299.47M | 143.74M | 181.82M | 192.49M | 176.85M |
| Investing Cash Flow | 1.73B | 759.90M | -551.90M | -16.54M | -436.57M | -470.53M |
| Financing Cash Flow | -1.97B | -995.36M | 469.01M | -149.74M | 218.32M | 140.68M |
Global Net Lease Technical Analysis
Global Net Lease Risk Analysis
Global Net Lease Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | 14.99B | 44.29 | 4.09% | 5.18% | 0.23% | -41.66% | |
71 Outperform | 3.43B | 34.93 | 2.80% | 6.40% | 2.74% | -37.41% | |
68 Neutral | 1.30B | 31.73 | 4.30% | 1.83% | 1.77% | -8.72% | |
62 Neutral | 1.24B | 16.53 | 6.49% | 6.68% | 11.68% | 37.31% | |
60 Neutral | 690.20M | 73.91 | 2.60% | 9.18% | -25.73% | ― | |
58 Neutral | $1.78B | ― | -11.87% | 11.51% | -11.06% | 29.36% | |
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% |
Global Net Lease Corporate Events
On August 7, 2025, Global Net Lease, Inc. discussed its financial results for the second quarter of 2025, highlighting the completion of a $1.8 billion sale of its multi-tenant retail portfolio to RCG Ventures. This strategic move positions the company as a pure-play single-tenant net lease entity, enhancing its operational efficiency and financial metrics, such as occupancy and liquidity. The sale has led to a credit rating upgrade by S&P Global, reflecting improved leverage and liquidity. Additionally, the company has been actively reducing its exposure to office and gas station assets, aligning with its long-term growth strategy and focusing on higher-growth sectors. These efforts have contributed to a robust pipeline of asset dispositions, totaling over $3 billion since 2024, and have strengthened the company’s capital structure and reduced risk.
On August 6, 2025, Global Net Lease, Inc. presented an investor presentation detailing its strategic accomplishments in the second quarter of 2025. The company successfully completed the final phases of a $1.8 billion Multi-Tenant Portfolio Sale, transforming into a pure-play net-lease REIT and reducing its net debt by $748 million. Additionally, GNL refinanced its revolving credit facility, lowering its cost of capital and extending debt maturity, which contributed to an upgrade in its corporate credit rating by S&P to BB+. The company also reported robust leasing activity, increasing occupancy to 98% and achieving a 6.0% renewal spread, reflecting strong asset management capabilities.
On August 6, 2025, Global Net Lease announced its financial results for the second quarter of 2025, highlighting significant strategic progress. The company completed the sale of its multi-tenant retail portfolio, enhancing its operational efficiency and portfolio quality. This move, alongside a $1.8 billion refinancing of its Revolving Credit Facility and a substantial reduction in net debt by $748 million, resulted in an upgrade of its credit rating by S&P Global. Despite a decrease in revenue and net loss compared to the previous year, GNL’s strategic initiatives, including asset sales and share repurchases, have strengthened its financial position, with increased liquidity and improved debt metrics, positioning the company for continued momentum in the latter half of the year.
On August 5, 2025, Global Net Lease, Inc. (GNL) refinanced its Revolving Credit Facility with a new $1.8 billion agreement, extending the maturity date to August 2030 and reducing the interest rate spread by 35 basis points. This strategic move is expected to save GNL approximately $2 million annually in interest and reflects the company’s efforts to strengthen its balance sheet and create long-term value for shareholders, with no significant debt maturities until 2027.
On July 16, 2025, Global Net Lease, Inc. announced that it will release its financial results for the second quarter of 2025 on August 6, 2025, after the close of trading on the New York Stock Exchange. The company will host a conference call and audio webcast on August 7, 2025, to discuss the results and provide commentary on business performance, which may impact stakeholder perceptions and market positioning.
On July 1, 2025, Global Net Lease, Inc. announced a dividend of $0.190 per share of common stock, payable on July 16, 2025, to shareholders of record as of July 11, 2025. This announcement reflects the company’s ongoing commitment to providing returns to its investors and may influence its market positioning and stakeholder relations.
On June 30, 2025, Global Net Lease, Inc. announced that S&P Global upgraded its corporate credit rating to BB+ from BB, following the successful $1.8 billion sale of its multi-tenant portfolio, which allowed for a significant reduction in debt. This upgrade also raised the company’s issue-level rating on its unsecured notes to an investment-grade BBB- from BB+. The sale has resulted in a streamlined portfolio with diversified, long-term triple-net leases, minimal near-term lease expirations, high occupancy, and improved operating metrics. CEO Michael Weil stated that the credit rating upgrade validates the company’s efforts to strengthen its balance sheet and enhance shareholder value, with plans to continue reducing leverage and lowering the cost of capital.
On June 18, 2025, Global Net Lease, Inc. completed the final phase of its multi-tenant portfolio sale to RCG Ventures, LLC, generating approximately $313 million in gross proceeds. This sale, part of a broader strategy to transform into a single-tenant net lease REIT, is expected to simplify operations and reduce costs, supporting the company’s goal of achieving an investment-grade credit rating and enhancing shareholder value.
On June 18, 2025, Global Net Lease, Inc. announced the declaration of quarterly dividends on its preferred stocks, payable on July 15, 2025. This announcement reflects the company’s commitment to providing returns to its shareholders and may impact its financial positioning and stakeholder interests.
On June 10, 2025, Global Net Lease, Inc. successfully closed the second phase of its multi-tenant portfolio sale to RCG Ventures, LLC, generating approximately $400 million in gross proceeds. This transaction is part of GNL’s strategic plan to transform into a dedicated single-tenant portfolio, reduce leverage, and strengthen its capital structure. The company remains on track to complete the third and final phase of the sale by the end of the second quarter of 2025, with proceeds expected to be used to pay down the outstanding balance on GNL’s Revolving Credit Facility.