Global Net Lease profit margin GNL
Gross, operating and net profit as a share of revenue over the last twelve months, from 2014.
- Net margin, 12 months
- −2.9%
- Net margin on a year earlier
- +50.6 pts
- Peer median
- 9.4%
Over the twelve months to Jun 30, 2026, Global Net Lease kept −2.9% of its revenue as net profit.
Five years earlier its net margin was 0.7%.
The median for 10 specialty REITs of a similar size is 9.4%.
Profit margin over time
Fiscal year by fiscal year
| Fiscal year | Net margin | Gross margin |
|---|---|---|
| FY2025 | −45.5% | n/a |
| FY2024 | −23.1% | n/a |
| FY2023 | −41.1% | n/a |
| FY2022 | 3.2% | n/a |
| FY2021 | 2.9% | n/a |
| FY2020 | 3.3% | n/a |
| FY2019 | 15.2% | n/a |
| FY2018 | 3.9% | 90.0% |
| FY2017 | 9.1% | n/a |
| FY2016 | 22.0% | n/a |
| FY2015 | −1.0% | n/a |
| FY2014 | −57.4% | n/a |
| FY2013 | n/a | n/a |
| FY2012 | n/a | n/a |
Quarter by quarter
| Quarter | Ended | Net margin, 12 months | Change on a year |
|---|---|---|---|
| Q2 FY26 | −2.9% | +50.6 pts | |
| Q1 FY26 | −8.7% | +44.9 pts | |
| Q4 FY25 | −45.5% | −22.4 pts | |
| Q3 FY25 | −54.3% | −27.1 pts | |
| Q2 FY25 | −53.5% | −14.0 pts | |
| Q1 FY25 | −53.6% | −12.3 pts | |
| Q4 FY24 | −23.1% | +18.1 pts | |
| Q3 FY24 | −27.2% | +16.6 pts | |
| Q2 FY24 | −39.5% | −32.9 pts | |
| Q1 FY24 | −41.3% | −41.4 pts | |
| Q4 FY23 | −41.1% | −44.3 pts | |
| Q3 FY23 | −43.7% | −49.3 pts |
Against its peers
Companies in REIT - Specialty nearest Global Net Lease's size, closest first, today.
| Company | Profit margin |
|---|---|
| GNLGlobal Net Lease | −2.9% |
| CBLCBL & Associates Properties | 37.0% |
| UMHUMH Properties | 11.5% |
| AATAmerican Assets Trust | 5.4% |
| BXMTBlackstone Mortgage Trust | n/m |
| ALXAlexanders | 79.1% |
| SMASmartStop Self Storage REIT | 9.4% |
| DEAEasterly Government Properties | 2.9% |
| NTSTNETSTREIT | 9.2% |
| IVTInvenTrust Properties | 4.8% |
| LTCLTC Properties | 38.9% |
| Peer median | 9.4% |
Where Global Net Lease ranks
What the profit margin tells you
Profit as a share of revenue at three levels: gross (after making the product), operating (after running the business) and net (after everything, including tax and interest).
Compare within an industry. 10% is superb for a retailer and poor for a software company.
More on Global Net Lease
Valuation data, not investment advice. Prices as of . Reported figures come from the company's filings with the SEC.