GNL
Global Net Lease, Inc.
There isn't enough reported data to score GNL yet.
GNL Fundamentals
| Metric | Status |
|---|---|
| Under pressure | |
| Stable | |
| N/A | |
| N/A |
GNL's profitability is currently stable, but its revenue is under pressure. Free cash flow and net leverage aren't meaningful measures for real estate companies like GNL.
GNL PE Valuation
GNL has no meaningful PE right now: it lost money over the past year.
GNL Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Losses growing | |
| Stable | |
| Strongly weakening | |
| Limited | |
| Moderate |
Analysts expect GNL's losses to grow, with revenue holding steady.
GNL Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q3 2026 | -$0.29 | +$1.14 |
| Q2 2026 | -$0.30 | +$1.14 |
| Q1 2026 | -$0.42 | +$1.06 |
| Q4 2025 | -$1.21 | -$0.45 |
| Q3 2025 | -$1.43 | -$0.51 |
| Q2 2025 | -$1.44 | +$0.26 |
| Q1 2025 | -$1.48 | +$0.32 |
| Q4 2024 | -$0.76 | +$0.95 |
GNL is still losing money, but far less than before: $0.29 per share over the past year, against $1.80 at its worst in early 2024.
GNL Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $112.9M | -6.7% |
| Q2 2026 | $112.5M | -10% |
| Q1 2026 | $109.3M | -17% |
| Q4 2025 | $117M | -41% |
| Q3 2025 | $121M | -38% |
| Q2 2025 | $124.9M | -39% |
| Q1 2025 | $132.4M | -36% |
| Q4 2024 | $199.1M | -3.7% |
GNL's revenue has slid since its 2023 peak: $113M last quarter, down 6.7% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | -22% | -11 points |
| Q2 2026 | 49% | +15 points |
| Q1 2026 | 28% | +49 points |
| Q4 2025 | 95% | +63 points |
| Q3 2025 | -12% | -21 points |
| Q2 2025 | 34% | +1.5 points |
| Q1 2025 | -21% | -50 points |
| Q4 2024 | 32% | +10 points |
GNL's operating margin was −22% last quarter, down 11 points from the same quarter a year ago, near the bottom of its range since 2019.
GNL Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $46M | -6.9% |
| Q2 2026 | $65.3M | +55% |
| Q1 2026 | $38.1M | -23% |
| Q4 2025 | $48.4M | -22% |
| Q3 2025 | $49.4M | +3.3% |
| Q2 2025 | $42.2M | -29% |
| Q1 2025 | $49.4M | -41% |
| Q4 2024 | $62M | +63% |
GNL's free cash flow was $198M over the past year, down 2.6% from the year before. Free cash flow isn't a meaningful measure for real estate companies like GNL.
GNL Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +4.6% | +9.8M shares |
| 1 year | +0.1% | +242K shares |
| 3 years | +112% | +117M shares |
| 5 years | +142% | +130M shares |
| Available history | +144% | +130M shares |
GNL has 221M diluted shares, about the same as a year ago.
| Quarter | Spent |
|---|---|
| Q3 2026 | $58.5M |
| Q2 2026 | $11.1M |
| Q1 2026 | $38.4M |
| Q4 2025 | $37.4M |
| Q3 2025 | $6.9M |
| Q2 2025 | $56.6M |
| Q1 2025 | $19.4M |
| Q4 2024 | $486,000 |
GNL spent $145M buying back its own shares over the past year, up 74% from the year before.
GNL Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 7.6x | High |
| Q2 2026 | 6.3x | High |
| Q1 2026 | 6.7x | High |
| Q4 2025 | 7.7x | High |
| Q3 2025 | 9.3x | High |
| Q2 2025 | 7.7x | High |
| Q1 2025 | 7.1x | High |
| Q4 2024 | 7.8x | High |
GNL's net debt is about 7.6 years of its operating earnings (EBITDA), down from 9.3 years a year ago. Net leverage isn't a meaningful measure for real estate companies like GNL.
GNL Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 21.7 | Oversold |
| Stochastic | 2.8 | Oversold |
GNL's weekly RSI is 22 (oversold) and its Stochastic is 3 (oversold).
GNL PE vs Real Estate Sector
| Metric | GNL | Sector median | Relative |
|---|---|---|---|
| PE | N/A | 24x | — |
GNL has no meaningful PE right now: it lost money over the past year.
GNL Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $7.46 | 10% below |
| 20 week MA | $8.40 | 20% below |
| 50 week MA | $8.90 | 25% below |
| 100 week MA | $8.27 | 19% below |
| 200 week MA | $8.83 | 24% below |
GNL is in a downtrend: it's below all five of its weekly moving averages, and 24% below its 200-week average.
GNL Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $20.0 | $17.0 | -15% |
| 2021 | $17.0 | $15.0 | -12% |
| 2022 | $15.0 | $12.9 | -14% |
| 2023 | $12.9 | $9.95 | -23% |
| 2024 | $9.95 | $7.20 | -28% |
| 2025 | $7.20 | $8.56 | +19% |
| 2026 YTD | $8.56 | $6.69 | -22% |
GNL has finished lower in five of the last six years. It's down 22% so far in 2026.