The financials
Global Net Lease, Inc. by the numbers
Global Net Lease, Inc. (GNL) reported revenue of $109M in Q1 2026 (quarter ended Mar 31, 2026), down 17% from the same quarter a year earlier. That came with net loss of $5.1M. For the full year FY2025, revenue was $495M (−13% year on year) and net income −$225M. Its largest segment in Jun 2026 was Industrial And Distribution at $52M, 46% of the disclosed total, ahead of Office at 27%.
| Income statement | Q1 2026 | Q1 2025 | Change |
|---|---|---|---|
| Revenue | $109M | $132M | −17% |
| Operating income | $31M | −$28M | to a profit |
| Net income | −$5.1M | −$189M | n/a |
| Diluted EPS | −$0.08 | −$0.87 | n/a |
| Operating | Revenue | Share |
|---|---|---|
| Industrial And Distribution | $52M | 46% |
| Office | $31M | 27% |
| Single Tenant Retail | $30M | 27% |
Business Segments
Revenue split by operating segment, from SEC XBRL filings.
Latest period: Jun 2026Total $112.5M (+2.9%)
Industrial And Distribution grew -6.0% year on yearSingle Tenant Retail -15% year on year
Segment Latestquarter on quarteryear on year
- Industrial And Distribution$51.7M$51.7MQoQ +5.1%year on year -6.0%+5.1%-6.0%
- Office$30.8M$30.8MQoQ +0.76%year on year -11%+0.76%-11%
- Single Tenant Retail$30.0M$30.0MQoQ +1.5%year on year -15%+1.5%-15%