Reading the tape
NYSE: GNL
Global Net Lease, Inc.
Real Estate · REIT - Diversified
Market Cap
$1.95B
52w High
$10.04
52w Low
$6.77
P/E
-8.91
Volume
2.19M
Outstanding Shares
212.77M
Price vs Fundamentals
Why The Stock Is Moving
Mixed / unclearLow confidence
Note: The most recent financial data is over 3 months old. Metrics shown may not reflect the latest reporting period.
1Y Price: 22.92%Revenue (TTM): -28.12%FCF (TTM): -31.73%P/FCF: 54th pct
What changed
The stock rose 22.92% over the last year. Revenue declined 28.12% over the trailing twelve months. Operating margin moved from 29.14% to 8.55%. Free cash flow declined 31.73% over the trailing twelve months.
What the market seems to be pricing
The stock has moved higher against modestly weakening underlying metrics. The operating data does not yet tell a clear story — the move may reflect sentiment, sector rotation, or macro factors rather than company-specific earnings power.
What would invalidate this read
Operating margin currently stands at 8.55%. A decisive move in revenue — currently down 28.12% — would be the clearest signal to resolve the ambiguity.
Company profile
Global Net Lease, Inc. (NYSE: GNL) is a publicly traded real estate investment trust listed on the NYSE focused on acquiring a diversified global portfolio of commercial properties, with an emphasis on sale-leaseback transactions involving single tenant, mission critical income producing net-leased assets across the United States, Western and Northern Europe.
CEOEdward Michael Weil Jr.
SectorReal Estate
IndustryREIT - Diversified
Employees73
IPO dateJun 2, 2015
Valuation
Forward P/E—
EV/EBITDA16.04
Enterprise value$4.32B
Price / Book1.17
Stock splits
Mar 1, 2017↓ Reverse
Every 3 shares became 1
Profitability & growth
Standard profitability metrics can be misleading for financial/insurance companies. GAAP requires unrealized investment gains/losses in net income (affecting ROE), and margins are blended across diverse business segments.
Revenue growth-41.26%
Gross margin71.72%▼84.31%vs FY2024
Operating margin8.55%▲31.80%vs FY2024
ROE-13.55%▼125.28%vs FY2024
Analyst consensus
RatingBuy
Target price$10.50▲14.50%
8
Buy
7
Hold
1
Sell
Analyst ratings tend to be lagging indicators. Use as one signal among many.
Earnings
Full quarter-by-quarter history of actuals vs estimates. Switch into compare mode to inspect one metric year-over-year.
Next report
May 5, 2026
Q2 FY26 · EPS est $0.10 · Revenue est $112.37M
View
Dividends
$3.16/shareMonthlyStretchedGNL pays a dividend with a 34.44% dividend yield, covered 0.8× by free cash flow.
Dividend Yield
34.44%
Annual Div / Share
$3.16
TTM $0.76
5yr CAGR
-1.31%
Dividend has been cut
FCF Coverage
0.8×
Stretched
Dividend Growth Rate
3yr CAGR
-13.03%
5yr CAGR
-1.31%
Dividend Safety
2/10Stretched
Dividend History
Annualized dividend cycles per share
YearAnnual DivYoY
2025$3.16-34.2%
2022$4.80+40.5%
2019$3.42+60.4%
2018$2.13+0.1%
2017$2.13+0.1%
2016$2.12—
Income Projection
Invest
$
Growth rate:
Reinvest dividends
Today
$344/yr
$29/mo
In 5 yrs
$344/yr
$29/mo
In 10 yrs
$344/yr
$29/mo
| Today | In 5 yrs | In 10 yrs |
|---|---|---|
$344/yr $29/mo | $344/yr $29/mo | $344/yr $29/mo |
Analysis
Dividend Strengths
No strong strength signal stands out from the latest period pair.
Risks to Watch
Dividend exceeds free cash flow
Free cash flow covers only 0.80× the dividend. The company is paying out more than it generates in cash, which is unsustainable without borrowing or asset sales.
Dividend has been reduced
The 5-year dividend CAGR of -1.31% is negative, indicating the payout has been cut over this period.