GN
Global Net Lease Inc
GNL—
Global Net Lease Inc AI Insights
Informational only. Not investment advice.Snapshot
- Interest expense (283M TTM) exceeds operating income (219M) - debt service consuming 129% of operating profits, unsustainable without refinancing.[Interest Expense]
- Debt/equity of 1.74x with 2.95B total debt vs 1.7B equity; 663M current debt due within 12 months against 165M cash.[Debt to Equity]
- Gross profit down 12.3% YoY despite 82% gross margin TTM - revenue contraction driving earnings deterioration.[Gross Profit 1 Year Growth]
Watch Triggers
- Current Debt: Refinancing announcement or maturity extension — 663M due near-term; failure to refinance forces asset fire sales or dilutive equity raise
- Interest Expense: Falls below Operating Income — Currently 129% coverage gap; positive spread needed for sustainable operations
- Dividends Paid Per Share: Dividend reinstatement — Would signal management confidence in stabilized cash flows and reduced distress
Bull Case
FCF of 203M TTM positive despite net loss; low capex (39M) preserves cash. Asset sales could deleverage balance sheet.
Free Cash FlowCapital Expenditure
Gross margin of 82% TTM well above industry median (61%) - core real estate assets generate strong operating cash flow.
Gross Margin
Bear Case
Net loss of -280M TTM with ROE of -14% and ROIC of -4.7%; destroying shareholder value while servicing 2.95B debt load.
Net IncomeROEROIC
Dividend suspended (0 TTM) signals distress; 4.8B asset base generating only 751M revenue (12% asset turnover) - inefficient capital deployment.
Dividends Paid Per ShareAsset Turnover
Bull vs Bear Balance
AI-generated sentiment analysis based on fundamental metrics and market conditions.
25%
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Forward Thesis
Liquidity crisis likely within 12 months unless debt restructured or assets sold
3-12mhigh
- 663M current debt vs 165M cash
- Negative working capital of -385M
- Interest expense exceeds operating income
Current debt 4x cash on handNet loss of -280M TTMNet debt repayment of 810M in period
Valuation Context
Caveats
Public Strategies Rankings
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GNL Fundamentals
Real Estate and Rental and Leasing → Real Estate
| Metric | Value | YoY Growth | Industry Percentile |
|---|---|---|---|
$2.09B | — | ||
$4.88B | — | ||
0.00 | — | ||
$751.33M | -7.5% | — | |
$-0.67 | — | ||
29.2% | +0.3% | — | |
-37.3% | -15.9% | — | |
$202.98M | -11.7% | — | |
-0.14 | -7.2% | — | |
Beta 5Y (Monthly) | unknown | — |
GNL Dividend History
74 dividends
2026
$0.190001/12/26$0.1900
2025
$0.845010/10/25$0.1900
07/11/25$0.1900
04/11/25$0.1900
01/13/25$0.2750
2024
$1.179010/11/24$0.2750
07/11/24$0.2750
04/10/24$0.2750
01/11/24$0.3540
2023
$1.554010/11/23$0.3540
07/12/23$0.4000
04/12/23$0.4000
01/12/23$0.4000
2022
$1.600010/12/22$0.4000
07/08/22$0.4000
04/08/22$0.4000
01/12/22$0.4000
2021
$1.600010/08/21$0.4000
07/09/21$0.4000
04/09/21$0.4000
01/08/21$0.4000
2020
$1.732510/08/20$0.4000
07/10/20$0.4000
04/09/20$0.4000
01/10/20$0.5325
2019
$1.775010/10/19$0.5325
07/10/19$0.5325
04/11/19$0.1775
03/07/19$0.1775
02/07/19$0.1775
01/11/19$0.1775
2018
$2.130012/12/18$0.1775
11/09/18$0.1775
10/10/18$0.1775
09/12/18$0.1775
08/10/18$0.1775
07/12/18$0.1775
06/07/18$0.1775
05/07/18$0.1775
04/05/18$0.1775
03/07/18$0.1775
02/07/18$0.1775
01/05/18$0.1775
2017
$2.011712/07/17$0.1775
11/07/17$0.1775
10/05/17$0.1775
09/07/17$0.1775
08/04/17$0.1775
07/05/17$0.1775
06/06/17$0.1775
05/04/17$0.1775
04/05/17$0.1775
03/06/17$0.0592
02/06/17$0.1775
01/04/17$0.1775
2016
$2.130012/06/16$0.1775
11/04/16$0.1775
10/05/16$0.1775
09/06/16$0.1775
08/04/16$0.1775
07/06/16$0.1775
06/06/16$0.1775
05/04/16$0.1775
04/06/16$0.1775
03/04/16$0.1775
02/04/16$0.1775
01/06/16$0.1775
2015
$1.105812/04/15$0.1775
11/04/15$0.1775
10/06/15$0.1775
09/03/15$0.1775
08/05/15$0.1775
07/06/15$0.1775
06/04/15$0.0408
GNL Stock Splits
1 stock split
03/01/173:1 split
GNL SEC Filings
| Filing Date | Report Date | Report Type | Filing Link |
|---|---|---|---|
11/06/25 | 09/30/25 | 10-Q | |
08/07/25 | 06/30/25 | 10-Q | |
05/08/25 | 03/31/25 | 10-Q | |
02/27/25 | 12/31/24 | Unknown | |
11/06/24 | 09/30/24 | 10-Q | |
08/07/24 | 06/30/24 | 10-Q | |
05/08/24 | 03/31/24 | 10-Q | |
02/27/24 | 12/31/23 | 10-K | |
11/07/23 | 09/30/23 | 10-Q | |
08/03/23 | 06/30/23 | 10-Q | |
05/10/23 | 03/31/23 | 10-Q | |
02/23/23 | 12/31/22 | 10-K | |
11/03/22 | 09/30/22 | 10-Q | |
08/04/22 | 06/30/22 | 10-Q | |
05/05/22 | 03/31/22 | 10-Q | |
02/24/22 | 12/31/21 | 10-K | |
11/04/21 | 09/30/21 | 10-Q | |
08/05/21 | 06/30/21 | 10-Q | |
05/07/21 | 03/31/21 | 10-Q | |
02/26/21 | 12/31/20 | 10-K | |
11/06/20 | 09/30/20 | 10-Q | |
08/06/20 | 06/30/20 | 10-Q | |
05/07/20 | 03/31/20 | 10-Q | |
02/28/20 | 12/31/19 | 10-K | |
11/08/19 | 09/30/19 | 10-Q | |
08/07/19 | 06/30/19 | 10-Q | |
05/10/19 | 03/31/19 | 10-Q | |
02/28/19 | 12/31/18 | 10-K | |
11/07/18 | 09/30/18 | 10-Q | |
08/08/18 | 06/30/18 | 10-Q | |
05/08/18 | 03/31/18 | 10-Q | |
02/28/18 | 12/31/17 | 10-K | |
11/07/17 | 09/30/17 | 10-Q | |
08/07/17 | 06/30/17 | 10-Q | |
05/08/17 | 03/31/17 | 10-Q | |
02/28/17 | 12/31/16 | 10-K | |
11/09/16 | 09/30/16 | 10-Q | |
08/08/16 | 06/30/16 | 10-Q | |
05/06/16 | 03/31/16 | 10-Q | |
03/01/16 | 12/31/15 | 10-K | |
11/10/15 | 09/30/15 | 10-Q | |
08/10/15 | 06/30/15 | 10-Q | |
05/18/15 | 03/31/15 | 10-Q | |
04/03/15 | 12/31/14 | 10-K | |
11/14/14 | 09/30/14 | 10-Q | |
08/11/14 | 06/30/14 | 10-Q | |
05/18/15 | 03/31/14 | 10-Q | |
03/01/16 | 12/31/13 | 10-K | |
11/14/14 | 09/30/13 | 10-Q | |
08/11/14 | 06/30/13 | 10-Q |