15 years of revenue, profit, cash flow and balance-sheet history through FY2025,
from SEC filings — with a computed, factual read of the trend.
Updated Overview →
Growth & profitability
Revenue has grown 8.5% per year over the past 5 years.
Operating margin has contracted, at 22.4% in the latest year.
Free cash flow has grown 0.3% per year over the past 5 years.
Financial health
Operating income covered interest expense 0.6× in the latest year.
Shareholder returns
Dividends have been paid for 13 consecutive years.
The dividend has grown 4.4% per year over the past 5 years.
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key annual figures
FY
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
2025
$495M
-$225M
0.0%
22.4%
—
—
$180M
2024
$570M
-$132M
0.0%
33.0%
—
—
$160M
2023
$446M
-$212M
0.0%
-3.4%
—
—
$122M
2022
$379M
$12M
0.0%
26.5%
—
—
$103M
2021
$391M
$11M
0.0%
28.6%
—
—
$90M
2020
$330M
$11M
0.0%
30.1%
—
—
$124M
2019
$306M
$46M
0.0%
37.5%
$129M
—
$270M
2018
$282M
$11M
90.0%
24.1%
$143M
—
$100M
2017
$259M
$24M
90.6%
33.6%
$128M
$0
$102M
2016
$214M
$48M
90.8%
34.4%
—
$55M
—
2015
$205M
-$2M
0.0%
16.2%
—
$0
—
2014
$93M
-$54M
0.0%
-46.6%
—
—
—
2013
$4M
-$7M
0.0%
-153.3%
—
—
—
2012
$30000
—
0.0%
-1343.3%
—
—
—
2012
$0
—
—
—
—
—
—
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex, quarterly)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key quarterly figures
Quarter
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
Mar '26
$109M
-$5M
0.0%
28.3%
—
—
$125M
Dec '25
$117M
$48M
0.0%
94.7%
—
—
$180M
Sep '25
$121M
-$60M
0.0%
-11.7%
—
—
$165M
Jun '25
$125M
-$24M
0.0%
33.9%
—
—
$145M
Mar '25
$132M
-$189M
0.0%
-21.1%
—
—
$147M
Dec '24
$138M
-$7M
0.0%
40.8%
—
—
$160M
Sep '24
$139M
-$66M
0.0%
9.3%
—
—
$127M
Jun '24
$145M
-$36M
0.0%
42.6%
—
—
$122M
Mar '24
$148M
-$24M
0.0%
38.6%
—
—
$132M
Dec '23
$207M
-$49M
0.0%
21.9%
—
—
$122M
Sep '23
$118M
-$136M
0.0%
-80.9%
—
—
$133M
Jun '23
$96M
-$26M
0.0%
4.7%
—
—
$101M
Mar '23
$94M
-$890000
0.0%
32.2%
—
—
$119M
Dec '22
$94M
-$13M
0.0%
25.4%
—
—
$103M
Sep '22
$93M
$15M
0.0%
31.3%
—
—
$128M
Jun '22
$95M
-$716000
0.0%
15.6%
—
—
$111M
Mar '22
$97M
$11M
0.0%
33.8%
—
—
$124M
Dec '21
$107M
-$3M
0.0%
24.8%
—
—
$90M
Sep '21
$96M
$7M
0.0%
32.1%
—
—
$176M
Jun '21
$100M
$3M
0.0%
29.1%
—
—
$175M
Valuation over time
How the market has priced GNL against its own fundamentals since 2023-03 —
each month-end's share price set against the most recent annual filing, so the multiple moves
as price runs ahead of (or behind) earnings. Split-adjusted.
The price-to-earnings ratio has fallen from 226.5× (Mar '23) to 175.6× (Dec '23).
The price-to-sales ratio has fallen from 7.2× (Mar '23) to 3.9× (Jun '26).
The dividend yield has risen from 6.1% (Mar '23) to 10.0% (Jun '26).
Price / earnings (P/E)
P/E
Price / sales (P/S)
P/S
Dividend yield (%)
Dividend yield %
Frequently asked questions
Is GNL growing its revenue and profit?
Over the past 5 years, Global Net Lease, Inc.'s revenue has grown 8.5% per year. These are computed facts, not advice.
How much debt does GNL have?
As of FY2025, Global Net Lease, Inc. reported — of total debt against $180M of cash; operating income covered interest expense 0.6×.
What is GNL's profit margin?
In FY2025, gross margin was —, operating margin 22.4%, and net margin -45.5%.
What is GNL's P/E ratio?
As of Jun '26, Global Net Lease, Inc. traded at a price-to-earnings ratio of about 175.6× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S and dividend yield have moved with the share price. These are computed facts, not advice.
Where does this data come from?
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted ·
growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price
against the latest annual filing. Informational only — not investment advice.