The financials
Global Net Lease, Inc. by the numbers
Global Net Lease, Inc. (GNL) reported revenue of $109M in Q1 2026 (quarter ended March 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 2026-Q1 was Industrial And Distribution at $49M, 45% of the disclosed total, just ahead of Office at 28%.
| 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 | $49M | 45% |
| Office | $31M | 28% |
| Single Tenant Retail | $30M | 27% |
Business Segments
Revenue split by operating segment, from SEC XBRL filings.
Latest period: Q1 2026Total $109.3M (-9.7%)
Industrial And Distribution grew -15% year on yearSingle Tenant Retail -20% year on year
Segment Latestquarter on quarteryear on year
- Industrial And Distribution$49.2M$49.2MQoQ -13%year on year -15%-13%-15%
- Office$30.6M$30.6MQoQ -10%year on year -18%-10%-18%
- Single Tenant Retail$29.5M$29.5MQoQ -2.5%year on year -20%-2.5%-20%
- Multi Tenant Retail--QoQ -year on year ---